Monday, December 29, 2008

Marc Faber: 2009 Very Volatile Environment

Some of Dr. Marc Faber's outlook for 2009 (hat tip: gold of the moon)

-global recession will last very long time

-2009 is going to be a catastrophic economically speaking

-monetary polices over the past 10 years are responsible for financial crisis

-treasury bonds bubble

-Asian stocks are probably ok, but can go down more because of global recession

-very volatile environment, huge swings

-less about investing than about trading at the present time

-Chinese economy will suffer very badly they’ll have a bad recession

-geopolitical tensions are up

-rebound may occur in Emerging Markets more than in the US markets

-Dollar is a disastrous currency, but others are not much better

-All currencies will lose value against hard assets

-bullish on: gold, gold miners, oil, oil companies, big mining companies




Part 2

No comments: