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The real danger from the downgrade of U.S. government debt by Standard & Poor’s isn’t higher interest rates. It’s the hit to the nation’s fragile economic psyche and rattled financial markets.
S&P’s decision to strip the U.S. of its sterling AAA credit rating for the first time and move it down one notch, to AA+, deals a blow to the confidence of consumers and businesses at a dangerous time Continue reading
Marc Faber, Author, Gloom, Boom & Doom report, said the rally in US markets is likely to continue till April-end, but was quick to add that a total collapse is seen by year-end.
Asian equities, Faber said, are likely to get cheaper versus the US. “So, it is a good time to buy into these markets.”
He feels China may not grow at 8% this year as the economy is in recession.
“The S&P 500 is unlikely to hit lows below 666.”
According to Faber, gold could test USD 700 per ounce. He added that it is relatively expensive versus industrial commodities.
We begin this New Year with dampened enthusiasm and dented optimism. Our happiness is diluted and our peace is threatened by the financial illness that has infected our families, organizations and nations. Continue reading
During an economic decline, high yield stocks such as FMCG, pharmaceuticals, and tobacco tend to hold up better Continue reading
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Weatlhsurance: Insured Wealth Plans to grow wealth under a protective cover Continue reading
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