Sunday, August 10, 2008
The view from Agamotto's Eye
Mish relays an interview with Marc Faber, who is a bull on the US dollar (not US stocks) and Japan.
"Europe will have to cut interest rates as well, and their economies are most likely much weaker than perceived...
... We are in a seven year bull market for commodities, so commodities can easily drop 50%. Some have already done that like nickel, lead, and zinc. Others will follow. But after that, I think that the bull market in commodities will reassert itself. But my view was that for the second half of 2008 commodities would go down."