Stephen Leeb: This Will Be The Most Frightening Period Of My Lifetime!
- Leeb – This Will Be The Most Frightening Period Of My Lifetime!
Today acclaimed money manager Stephen Leeb told King World News, “The first piece of data I look at, and I do it around 1AM to 2 AM every morning, is how the Chinese yuan is performing. Recently the Chinese yuan staged a very dramatic breakout. It is effectively at all-time highs since China let the yuan semi-float around 20 years ago.”
“There has been a great deal of political pressure put on China to strengthen the yuan. The Chinese are responding to their transition to a new leadership. China’s new leader and leadership should be incredibly strong going forward. They will prepare the Chinese for the 21st century….
I would also add that this period in front of us is probably going to be the most frightening period of my lifetime, and I’ve been around, and I can tell you the way for investors to weather this storm is going to be through the gold and silver space.”