A World On The Edge Of Chaos
KingWorldNews.com
January 08, 2015
With stocks soaring and the U.S. dollar surging, below are key portions from two incredibly important interviews. But first, here is a quote from one of the greatest and most legendary value investors in Wall Street history.
“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.” – Stanley Druckenmiller
The following piece by Art Cashin includes portions of two incredibly important interviews.
By Art Cashin Director of Floor Operations at UBS
January 8 (King World News) – The Other Interview – In addition to his Barrons interview, Jeff Gundlach had a longer interview with “Finanz und Wirtschaft”. It was equally downbeat and insightful. Here’s a bit that I found particularly interesting:
Is the U.S. economy not strong enough for a moderate raise of interest rates? For instance, the unemployment rate is already down at 5.8% and closes in on the 5.2 to 5.5% range which is considered as maximum employment.
The Rest…HERE
