Steve Forbes On The Economy
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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
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