Thursday, 10 July 2008

Steve Forbes On The Economy

Here is Steve Forbes at Freedom Fest.



click here to play video

Forbes' Thoughts
  • The US economy will show real growth in the second half because of low inventories.
  • There is plenty of liquidity out there even though a lot of it is frozen.
  • The rest of the world is starting to get it right.
  • In terms of investments we are on the cusp of a real era of innovation.
  • Right now I would take a bundle or package of financial institutions and buy them.

This is a classic: "There is plenty of liquidity out there even though a lot of it is frozen."

My Thoughts
  • The US recession picks up steam in the second half.
  • The world economy is going to slow.
  • Inventories are going to skyrocket along with unemployment.
  • Financials are not going anywhere except for a possible dead cat bounce.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List

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