Friday, December 27, 2013

Michael Shaoul on Bloomberg

Bloomberg - Michael Shaoul 12-minute audio interview. He talks about EMs and gold.

He says the general problem in EMs is that on the way down, you uncover all the malfeasance that nobody cared about on the way up. Particular significance for the EM credit complex.

Then he talks about gold. He thinks there's a "next leg down", and gold goes to $1000 in 2014.

He says other things too.

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