"The renowned contrarian investor, and author of the new book Totally Incorrect: Conversations with Doug Casey offers The Daily Ticker some advice from his decades as a speculator. Here’s more of his 2013 view:
Doesn’t like real estate. “The problem, even though it’s cheaper than a few years ago, is that it’s floating on a sea of debt.” When interest rates rise Casey says it will be very bad for real estate.
Stocks are overpriced. They could go higher because of a panic out of dollars.
Bonds are a triple threat to capital. “Worst possible place to be is in bonds of any type,” he says, although people are “panicking into them. This is going to be a bigger catastrophe than real estate when the bond bubble bursts.” Casey said in his Jan. 2 Casey Daily Dispatch newsletter, bond owners face huge default risk, huge interest rate risk, and huge inflation risk. He has also conceded that he’s been saying this for awhile and thought the bond bubble would pop last year."
"He was offered the whole world. He declined and turned away. He did not write poetry. He lived poetry before it existed. He did not speak philosophy. He cleaned up the dung philosophy left behind. He had no address. He lived in a ball of dust playing with the universe." Jung Kwung