Marc Faber, Publisher of The Gloom, Boom & Doom Report discusses the correction year to date in emerging markets, the price risk in US stocks at 4 year highs and why he believes bonds may well rebound on Fed tapering over the next few months. Here is a direct video link.
This big picture chart courtesy of the Wall Street Journal offers some perspective comparing the most recent economic and stock market cycle 4 years after recession, with the average recovery since 1970. The verdict? All of the most relevant economic engines: job creation, home construction, business investment, consumer spending, government spending–are all below and significantly below average. And today’s employment report suggests that job creation has been weakening again over the past few months, not strengthening.
S&P 500 recovery? wildly, wildly above average. But not to worry, the consensus assures us that these outsized gains make perfect sense and can continue definitely.
“Planet Forward” Host Frank Sesno examines how Air Fuel Synthesis, a British company, has synthesized gas using carbon in the air and hydrogen in water to fuel cars. Here is a direct video link.
Cory’s Chart Corner
