Last week I did an interview with Dominic Frisby at Frisby’s Bulls and Bears. The interview was part of a series of podcasts.
2011 Predictions: Part I with Bob Hoye
2011 Predictions: Part II with Larry Pesavento
2011 Predictions: Part III with Michael Hampton
2011 Predictions: Part IV: James Turk or Read James Turk’s 2011 predictions HERE
Part V: Predictions For 2011 with Mike ‘Mish’ Shedlock
Click on the above linkz for the podcasts.
In the one hour podcast I expanded on the ideas presented in Ten Economic and Investment Themes for 2011.
We also discussed a “bonus 11th” theme regarding Japan. You will need an hour to play the podcast but I put a link on the right sidebar so you can easily find it and play at your leisure.
For a quick review please see Mish Interview on Frisby’s Bulls & Bears below:
Mish Interview on Frisby’s Bulls & Bears
Mish was interviewed on Friday by Dominic Frisby on Frisby’s Bulls and Bears. Part V: Predictions For 2011 with Mike ‘Mish’ Shedlock
He discussed his investments ideas and broader economics themes for 2011, including:
- Municipal and state defaults/bankruptcy
- The Irish “bailout”
- Italy being a bigger problem than Spain, and is currently off the radar
- Real Estate: bursting in Australia, and about to burst in Canada, but doesn’t comment about the UK because he doesn’t know enough about it. “Australia is in a particularly nasty spot”, says Mish
- China overheats, has an unemployment problem bigger than the US
- Continuous strengthening of the dollar
- Market sentiment and the extreme bullishness it has reached, both in equities and commodities
He also discusses Japan, which he likes here, even though the Japanese currency can blow up at any point! So you need to hedge your currency exposure.
I would agree on everything, but Japan. The Yen being at a historical high, and equities markets having rebounded, I’m not sure it’s going to be a good investment in USD terms. But I might be wrong.
You can either listen on the embedded player here: Part V: Predictions For 2011 with Mike ‘Mish’ Shedlock