I sense that 2015 will be a strong year for the US market but for the rest of the world I see more signs of deflation as Prem Watsa has warned of.
Job numbers should average well over 300,000 and the GDP should average close to 3.2%.
The greenback will strengthen while the rest of the world's currencies weaken.
Interest rates will gradually go up but I do mean gradually possibly as early as the spring.
Even though I might lose out on a great year I'm going to stay with cash and Fairfax Financial.
India looks very interesting while China is looking weak. I expect China to be revising their GDP numbers down over the next few years.
China, Japan, and Russia are potential catalysts for causing a major global correction and so I'm stepping back.
I should add that a major correction of at least 15% should be expected. Cash is king!
Wish you all a profitable 2015
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