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Forum List » Guru News and Commentaries Guru News, Stock picks and commentaries  
Pabrai Thinks Fiscal Cliff Concerns Are Massively Overstated
Posted by: CanadianValue
(IP Logged)
Date: December 12, 2012 11:33AM
A rare interview with Mohnish, a welcome treat. - He thinks the fiscal cliff is a non-event. - Both political parties have too much to lose for them not to come to some sort of compromise that at least kicks the can down the road. - Pabrai thinks unemployment is a bigger concern. - He thinks real unemployment is actually over 10%. - American car fleet is on average 11 years old (which is a record old fleet), and we have low interest rates. So we are seeing the automotive industry rebound.
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