Sprott Asset Management CEO Eric Sprott on Gold and the Correction in Silver
Nouriel Roubini: "My Views Were Taken Out of Context"
It has been widely reported today that I have stated that the recession will be over “this year” and that I have “improved” my economic outlook. Despite those reports - however – my views expressed today are no different than the views I have expressed previously. If anything my views were taken out of context.
Wouldn’t be wonderful if all we had to do was listen to the professional gurus and know what we need to do in order to make money. I really don’t remember who said what other than Nouriel Roubini but I wish I could just listen to the experts and make money.
What I find interesting is overall Bullish tone that many gurus have.
Kuwait, Saudi Arabia and even the mighty Dubai are getting dragged down by the global economic turmoil. “The global financial storm rolled across the Persian Gulf on Sunday,” reports the WSJ, “as Kuwait’s central bank guaranteed bank deposits and cobbled together a hasty bailout for one of the country’s largest banks.”