Jim Puplava speaks with Louis-Vincent Gave of GaveKal in Hong Kong about what investors can expect in 2009. I'm not overly familiar with Gave by any means. But I've heard him interviewed by Puplava at least a couple other times, and perhaps read an item or two by him. He strikes me as an interesting guy.
Anyway, he's certainly no gloom-and-doomer. And says we might have a good second half (if I heard correctly). Check it out if the spirit moves you.
Gave's firm is Gavekal and his partner is Anatole Kaltesky. Kaletsky published an opinion piece in the UK less than a week ago calling for a savers tax. That is anyone who dares to keep money in a savings account and not spend it would be assessed a penalty! This is among the worst ideas I've ever read and it shatters my opinion of a firm I used to respect. Even a block of wood can figure out that if you do that, everyone will take their money out of banks and hide it under their mattress (Democrats seem to prefer freezers. This will make the banks' problems even worse.
Posted by: Jason Frey | January 14, 2009 at 09:46 AM
@Jason: Wow, I certainly agree about a "saver's tax." Dumb idea, and one of the dumbest I've heard.
Posted by: John | January 14, 2009 at 05:59 PM