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Charles Gave Presentation from SIC 2013
Posted by: Canadian Value (IP Logged)
Date: June 21, 2013 10:16AM
Gave thinks that we are in the midst of a currency war where there will be very clear winners and losers around the globe.
According to Gave, the most important person, in fact the only important person is the central banker.
Gave thinks that the movements in exchange rates are going to be a big driver of economic performance. Japan and UK policies in particular are aimed at devaluing their currencies which should boost their stock markets.
He sees France as the big loser from this trend. Meanwhile he is positive on the U.S. economy because of increasing energy independence and an improved manufacturing sector.
Stocks Discussed: SPY, DJI, QQQ,