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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