Bert Dohmen: Things Are Not Improving in the US, Europe or Japan
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Jim welcomes back Bert Dohmen, President & Founder at Dohmen Capital Research Institute. Bert has just returned from Dubai and sees this dynamic country as the Singapore of the Middle East. Bert also sees the recent market sell-off as triggered by early tax selling. He doesn’t see economic conditions improving in the US, Europe of Japan, and believes there could be another financial crisis like 2008 if government spending is not controlled. Bert notes that 21 trillion dollars in fiscal and monetary stimulus in the US can’t produce more than a 1-2% growth rate. His current outlook for investors is buy gold, and avoid (or short) the market.