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Mix-Ansicht- Marc Faber: The US economy is the next 9/11 - Sorrento, 16.09.2004, 17:33
- Danke für den interessanten Artikel! owT (o.Text) - spieler, 16.09.2004, 19:25
- Re: Marc Faber: The US economy is the next 9/11 - Emerald, 16.09.2004, 20:01
Marc Faber: The US economy is the next 9/11
-->USA: Monday, September 13 - 2004 at 09:20
The US economy is the next 9/11
There are several reasons why it is likely that the US economy will weaken far more than is expected by the bullish Wall Street crowd, whose only interest is to get as many investors to invest in the stock market and then to churn the accounts in order to earn high commissions.
So how weak will the US economy become? First of all one has to be concerned about the recent sharp money supply growth deceleration. The 12-months rate of growth in M2, at 3,6%, year-over-year, is at the lowest level since 1995 and the 13 week percentage change of MZM has now just turned negative....
In sum, I still regard the upside potential for the US stock market to be limited and would sell strength rather than buy weakness. Still with a Bush victory now likely, the strength in the bond market, and the oversold position of high tech stocks, some additional gains are a possibility.
However, bonds are now no longer over-sold and their upside potential appears to be limited too. We still like selected commodities such as Corn and Coffee, and especially Sugar and Orange Juice. Gold should be accumulated continuously, as it is the only sound money.
Gruss,
Sorrento
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