Leeb: Investors Must Know This Lesson From The 70s Gold Bull
November 20, 2012
Today acclaimed money manager Stephen Leeb told King World News, “There is a growing recognition that austerity can only take the Europeans so far. We are now seeing weakness in Germany and a downgrading of French bonds. The Europeans are slowly coming around to the fact that they are going to have to continue pumping money into the system.”
Stephen Leeb continues:
“The recessions they are seeing are threatening to deepen. Nowhere in the developed world are we seeing growth right now. In the US, housing is getting a boost, but no new industries are being created. There are no new factories or capital investment into manufacturing that is taking place in the US.
All we are seeing in the US is housing is beginning to bounce-back….