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
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