Marc Faber: China could spark bigger crisis than 2008.

• An alarming credit boom in China could trigger a crisis that would make 2008 look mild in comparison
• China, in particular, has seen credit as a percentage of the economy jump 50% in the last four and a half years
• China has the “fastest credit growth you can image in the whole of Asia.”
• Faber warns that China isn’t the only problem area. Other Asian countries are also seeing big jumps in household debt.

Source: http://www.fxstreet.com/news/fxbeat/article.aspx?storyid=4ca31eb9-7e75-4f56-96f0-193f52776347