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Jacob Wolinsky
Jacob Wolinsky
Articles  | Author's Website |

Robert Rodriguez, CEO of FPA, on The US Economy and Euro-Zone

Making sense of the bond and equity markets and where investors should put their money, with Robert Rodriguez, First Pacific Advisors (FPA).

Robert thinks the odds of a recession are increasing every day, and we have 15 months to fix the crisis. Rodriguez thinks that the “moment of truth” will come on November 23rd, when the super-committee, which is tasked with coming up with $1.5trillion in deficit reduction will meet. Rodriguez stated about the recent deficit reduction plan “the cuts were deferred into 12, 65%, 7 5% of the cuts were deferred until 2016. That was one of the key elements that led to the markets down side volatility beyond the S&P downgrade. It is just an abject realization of the total ineptness of the government. “

He predicted in the past the next crisis would be on the Federal level and not on the corporate level.

Bob comes in at the 3:20 mark.

Below is the video and transcript:

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About the author:

Jacob Wolinsky
My investment ideas have been inspired by many of value investors including Benjamin Graham, Charles Royce, John Neff, Joel Greenblatt, Peter Lynch, Seth Klarman,Martin Whitman and Bruce Greenwald. .I live with my wife and daughter in Monsey, NY. I can be contacted jacobwolinsky(AT)gmail.com and my blog is www.valuewalk.com

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