Archive for the ‘Euro’ Category

Faber: Global Economy in Recession

Saturday, August 9th, 2008

Investor Marc Faber, publisher of the Gloom, Boom & Doom Report, talks with Bloomberg’s Kathleen Hays about the euro’s performance against the U.S. dollar, the commodities market and the global economy. The euro fell the most in almost eight years against the dollar as traders pared bets the European Central Bank will raise interest rates as the economy slows.

click for video

Faber_video

00:00 Euro versus dollar; “global recession”
01:54 U.S. economy, ECB rates; commodities market
04:14 Investment strategy: dollar, Japan
Running time 05:18

Source:
Faber Says Global Economy in Recession; `Long’ on Dollar: Video
Bloomberg, August 8, 2008 15:27 EDT
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aUSFhyJW5QGU

Courtesy: Barry Ritholtz, The Big Picture

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