March 19 (Bloomberg) — David Tice, chief portfolio strategist for bear markets at Federated Investors Inc., talks with Bloomberg Television about the outlook for the US stock market. (Source: Bloomberg)
Putting Peter Schiff on a panel with St. Louis Fed President James Bullard and former Fed Vice Chair Alan Blinder is asking for trouble or, at the very least, a heated debate. That’s just what occurred last Sunday night in New York at an event sponsored by Princeton’s Business Today. Predictably, Euro Pacific Capital’s Schiff disagreed with Bullard and Blinder on just about everything, including the government’s role in causing the crisis, and the outlook for the economy and the dollar. But the most contentious moment came toward the end of the evening when a student asked the panel to comment on Ben Bernanke’s 2005 “global savings glut” theory, and what role China’s high saving rate played in the credit bubble. Schiff’s response, “Ben Bernanke has never gotten anything right,” generated some guffaws from the crowd and a sharp retort from Blinder and Bullard, who rose to Bernanke’s defense.
John Spiers, author of How Small Business Trades Worldwide (available on amazon.com), speaks in Hong Kong on self-employment and world trade on the small business level, and interviews a man from Ghana on his business.
Under present law federal expenditures will soar past federal revenues. To increase revenues we have to increase GDP. To increase GDP we have to reform taxes. The best proposal to reform taxes is the Fair Tax. An overview of the Fair Tax.
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