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Mark Faber: Short Tresuries, Long Hard Assets
The editor and publisher of the "Gloom, Boom, and Doom Report" says the best place for investments these days is in hard assets, but he has some suggestions for stock-market investors, too.
"You want to be in gold, silver, platinum, and also oil," Marc Faber told CNBC. "If you believe in a recovery of asset prices as a result of money printing, you should be in hard assets, particularly precious metals."
"I think the big trade in 2009 will be to go short Treasurys massively — I really mean massively — because we may not have inflation for one, two, three…
NATIONAL POLITICAL BROWNOUT, PART II
As Mark Gongloff noted in a column for the Wall Street Journal, “…what the U.S. really needs, if it seeks a real fix to its energy consumption problem, is less demand, not more. Mr. Market says there’s a simple way to do that. Jack up the gas tax. Don’t lower it. Economists call it a ‘Pigovian Tax‘, in honor of the English economist Arthur Pigou, who early in the 20th century examined economic activity that hurts innocent bystanders. To stop behavior that’s not in the public good, you tax it more, not less.
“Of course, a higher tax would hurt working-class…
13Jun2008 | Daily Reckoning | Comments Off | Continued
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