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Listen carefully to Marc's comments about deflation at around 7:25;
Not deflation, but inflation!
-W
Here is a summary of the clips:
"Credit markets have improved"
"Government bonds may be downgraded in the future"
"Big rally in corporate bonds in the US - look at LQD"
"2nd half of 2009 may be worse than H1"
"at 850-900 the S&P is not cheap"
"Japan and South Korea's equities could contain pocket of value"
"oversold markets: commodities have been hit very hard, despite a bull market which started early in 2001"
"who in their right mind buy a 30yr Gvt bond"
"the best is to let the market forces prevail"
"if you support the weak players, you hurt the others"
"the people that created the problem, are now hired to fix it"
Not deflation, but inflation!
-W
Here is a summary of the clips:
"Credit markets have improved"
"Government bonds may be downgraded in the future"
"Big rally in corporate bonds in the US - look at LQD"
"2nd half of 2009 may be worse than H1"
"at 850-900 the S&P is not cheap"
"Japan and South Korea's equities could contain pocket of value"
"oversold markets: commodities have been hit very hard, despite a bull market which started early in 2001"
"who in their right mind buy a 30yr Gvt bond"
"the best is to let the market forces prevail"
"if you support the weak players, you hurt the others"
"the people that created the problem, are now hired to fix it"
Part 1. Runtime: 7min.30sec.
Link:
http://www.youtube.com/watch?v=1qafATuLIhg
Part 2. Runtime: 4min.6sec.
Link:
http://www.youtube.com/watch?v=heJAGQo1aGE
Link:
http://www.youtube.com/watch?v=1qafATuLIhg
Part 2. Runtime: 4min.6sec.
Link:
http://www.youtube.com/watch?v=heJAGQo1aGE