Mark Skousen,PhD,editor of the Forecasts and Strategies newsletter,has deep concerns about the economy.He believes the U.S. is obviously doing something wrong.We need to unburden business.These are burdens keeping the Great Recession with us.Higher interest rates would get us out of this.
Dr.Skousen,a noted economist and author of the textbook Economic Logic,as well as The Making of Modern Economics,continues his longstanding investment advisory work.He likes the Canadian uranium miner Cameco.This is a great recovery story.Uranium prices fell sharply,but are now stabilising and starting to go back up.China and India plan to expand their nuclear energy assets,and Cameco stands to gain from this,in Dr.Skousen's opinion.
He also favors Spain's Telefonica.Over 70% of this company's business is outside of Spain and Europe,and it pays a 9% dividend.
As for another of his picks,Rare Earth Elements,Mark Skousen says we're gonna take our profits.It's too volatile for a long term holding beyond six months.He will personally keep holding the stock as a speculator,however.
Mark Skousen,who has a doctorate in economics from George Washington University, served in the Central Intelligence Agency from 1972-75 and is also a scholar in Benjamin Franklin studies.
Cameco(CCJ)or TSX:CCO,Rare Earth Elements(REE),Telefonica(TEF)
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