Steve Forbes Interview

The other day I got an email from the managing editor of the Investment U web site. He sent me a link to an interview they got with Steve Forbes. The last time I wrote about these guys was when they interviewed Jim Rogers.

I said then and I'll say now, I don't know who these people are but they get interesting people to talk to them.

In the interview, Steve said that he sees oil going to $35, something he has said repeatedly over the last few months. He also thinks that the only way gold goes to $500 is if we have a recession but that is a possibility as he says the curve could invert if the Fed blunders. I'm not sure what probability he puts on the Fed blundering but I think a Fed blunder has a high probability.

The thing that was new to me (and perhaps I just missed it) was Steve's positive sentiment toward Ireland. I am a big fan of Ireland as an investment destination, just about every client owns one of the bank ADRs as do I.

I first wrote about Ireland on this site in November but I have been aware of it an investment destination since about 1994. The idea is simple. The government is very pro business and actively solicits companies to set up shop there. According to the interview Ireland now has a higher per capita income than England. If you are new to this website and do not know the Irish story it is worth learning.