Famed investor Tom Barrack shares his economic outlook with CNBC’s Erin Burnett. Barrack believes that the economy is in for a total disaster, and the next shoe to drop will be the regional banks, because regulators have had all their time usurped by the big banks. He believes that equity is dead, and that “debt is the new equity.” Make sure you watch this video. It is compelling and not for the faint. Click on the image for the link or here.
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WSJ What's News Late Edition, March 17, 2010by The Wall Street Journal 17 Mar 2010 at 5:56pm
Stocks rise again as the Dow closes at a 2010 high; wholesale prices fall in February, showing inflation remains in check; and MillerCoors shakes things up with a new brew.
Jeffrey Saut Daily Audio Comment Raymond James
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Famed investor Tom Barrack shares his economic outlook with CNBC’s Erin Burnett. Barrack believes that the economy is in for a total disaster, and the next shoe to drop will be the regional banks, because regulators have had all their time usurped by the big banks. He believes that equity is dead, and that “debt is the new equity.” Make sure you watch this video. It is compelling and not for the faint. Click on the image for the link or here.
