Marc Faber su Obaman: è un bugiardo e si prostituisce.

  • Ecco la 68° Edizione del settimanale "Le opportunità di Borsa" dedicato ai consulenti finanziari ed esperti di borsa.

    La settimana è stata all’insegna degli acquisti per i principali listini internazionali. Gli indici americani S&P 500, Nasdaq e Dow Jones hanno aggiornato i massimi storici dopo i dati americani sui prezzi al consumo di mercoledì, che hanno evidenziato una discesa in linea con le aspettative, con l’inflazione headline al 3,4% e l’indice al 3,6% annuo, allentando i timori per un’inflazione persistente. Anche le vendite al dettaglio Usa sono rimaste invariate su base mensile, suggerendo un raffreddamento dei consumi che hanno fin qui sostenuto i prezzi. Questi dati, dunque, rafforzano complessivamente le possibilità di un taglio dei tassi a settembre da parte della Fed (le scommesse del mercato sono ora per due tagli nel 2024). Per continuare a leggere visita il link

  • Due nuove obbligazioni Societe Generale, in Euro e in Dollaro USA

    Societe Generale porta sul segmento Bond-X (EuroTLX) di Borsa Italiana due obbligazioni, una in EUR e una in USD, a tasso fisso decrescente con durata massima di 15 anni e possibilità di rimborso anticipato annuale a discrezione dell’Emittente.

    Per continuare a leggere visita questo LINK

Rothen Schuld

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Questo farà felice alcuni utenti ne sono sicuro, certi altri un po' meno, forse.

Quando si dice non voler usare giri di parole.

Poi dice, sul breve (prox 3 mesi): $su, bond su, azioni giù, più gli emergenti che gli USA, commodities giù, oro giù.

Sul lungo gli USA non avranno pasti gratis (risata), quando ero bambino il franco svizzero quotava 5 per 1 dollaro oggi quota 0,95 per un dollaro (altra risata).

Vedremo se ha ragione.

 
Vedo più facile U$ giù e Borsa su, ma io non sono un guru.

(disclaimer: visto che mi danno bollini rossi per spamming, dichiaro che io non c'entro niente con Yoox: mi piacciono le lettere esotiche)
 
un riassunto:
Mish's Global Economic Trend Analysis: Marc Faber on Investing Opportunities for the Short-to-Intermediate Term

Points Faber Emphasized

Obama has done a horrible job and that will continue. He is intellectually dishonest and nothing has changed.
I do not have a high regard for politicians, I have a high regard for people who work, not for those who abuse the system.
Obama came in on a platform of wanting to change government in Washington and actually he has made it worse.
In terms of investments, emerging markets and industrial commodities have done fantastically well. Now we have a change, the US may outperform, it may not go up but it may outperform on a relative basis.
Treasuries may do well for the next few months.
China stock market is giving a signal that something is not right in the Chinese economy.
Right now, shift out of emerging markets as they may correct 20-30%, out of industrial commodities, and into US equities on a relative basis.
Sentiment is overly optimist on the inflation trade like commodities, and overly negative about treasury bonds.
As of tonight I have a buy signal on US treasuries, but not for the long term. The rally may last 2-3 months.
Treasuries may be the best place for the next three months as is the US Dollar.
Look for a correction of 10% in US equities and 20-30% in emerging markets.
It is not a group of thinkers in Davos, but a group of liars.
Gold may correct over the near term.

The Bloomberg interviewers repeatedly tried to put word in Faber's mouth he never said, or remove words that he did say. For example, the Bloomberg interviewer dropped the word relative with statements like "You would advise investors to invest in the US."
That happened 2-3 times, forcing Faber to reiterate the opinion that US stock would likely go down, they just may go down less.
In regards to treasuries, the Bloomberg interviewer quipped "You said US treasuries are a suicidal investment causing quite a stir. ... Marc, things are better than they were a couple years ago, how is that Fraud?"
Faber replied "If you print money, and you have huge fiscal deficits, it would be horrible if the data isn’t any better than it is. So we have a crack-up boom. The question is, how sustainable is it and how healthy is it? It’s all money printing and fiscal deficits. One day the burden of these deficits will have to be paid by someone. … The economy is like a drug addict and you are not going to solve this by injecting more drugs."
It was a good performance by Faber in spite of the interviewer's efforts to twist his statements by dropping the word "relative" and by failing to distinguish between the near and long term.
Faber handled it well, laughing when those things happened. On one occasion, in reference to Obama, Faber joked that the interviewer was an optimist.
In regards to treasury bonds, there may easily be one more push higher in yields before we see a good buying opportunity. Shorter durations are safer for now.
 
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