Tom Barrack’s Economic Outlook
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November 25th, 2008 by AdvisorAnalyst
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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.
Tom Barrack, Colony Capital - Click for video
More on this topic
(What's this?)
Regional Banks Post Large Loan Losses
(naked capitalism, 10/22/08)
Distressed Regional Banks
(Charts and Coffee Blog, 1/29/10)
Regional banks a drag on recovery
(Canadian Business Blog, 12/7/09)
Read more from the author/contributor here.
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Tags: Alan Greenspan, Banking Crisis, Banks, Bush Administration, Case Manager, Continuity, Economic Policies, Eliot Spitzer, Financial Crisis, Fundamental Error, Henry Kaufman, Intelligence, Larry Summers, Mervyn King, New Crusade, Paul Volcker, Taking Aim, Tim Geithner, Watch CasePosted in Markets |
