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Monty’s recent interview with IBD Reporter Trang Ho (Italian Debt Crisis ETFs into Tailspin)

Monty’s recent interview with IBD Reporter Trang Ho (Italian Debt Crisis ETFs into Tailspin)

Monty’s Recent interview with Investor’s Business Daily.

Monty Guild, CEO and chief investment officer of Los Angeles-based Guild Investment Management, recommends that investors buy on the dips because the only way for Europe to solve its credit crisis and save its banks is to engage in quantitative easing or printing money. Like when the U.S. engaged in QE in early 2009, the new money supply will boost stocks, real estate and commodities, especially oil and gold, he said.

“It’s unimaginable and insane to let the European banks fold because of their exposure to bad loans,” Guild said. “What is the alternative, to let the banks fail and every politician in Europe to be disgraced and thrown out of office?”

If Europe doesn’t print money, it, the U.S. and Japan will go into a major, decades-long depression with massive foreclosures and unemployment like the 1930s, Guild added.

Click here to see the full article.