Mish Interview on Frisby's Bulls & Bears

Mish was interviewed on Friday by Dominic Frisby on Frisby's Bulls and Bears.

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 below, or download the MP3 file.


Anonymous said...

if Mish is hot on Japan why did he post on his blog that it was ready to fall off a cliff: http://globaleconomicanalysis.blogspot.com/2011/01/japans-finances-approach-edge-of-cliff.html

pej said...

I don't know, but you have a point. Maybe he's bullish very short term only about the equities.

PEJ said...

Another interesting post, by Tiho this time, on Japanese equities

PEJ said...