Global Macro Perspectives
I try to post diverse opinions (too much Marc Faber lately), but this video is so fun, especially seeing CNBC hosts so shocked with Marc Faber views that they lose the ability to ask any kind of questions.
The wording on strength of economic recovery is upgraded (“economic recovery is on a firmer footing”). Some improvement in labor market recognized.
Energy and commodities rising prices effect on inflation downplayed.
Empire State Manufacturing General Business Conditions Index for March came out at 17.5 vs. 16.1 consensus and prior reading of 15.4.
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*** Zero Hedge: Eric Sprott Debunks The Gold Bubble Myth ***
*** Hussman Funds: Anatomy of a Bubble ***
Things got much worse during the night…two additional reactors exploded and radiation got out to atmosphere.