GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Pabrai Thinks Fiscal Cliff Concerns Are Massively Overstated

December 12, 2012 | About:
CanadianValue

CanadianValue

210 followers
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.



About the author:

CanadianValue
http://valueinvestorcanada.blogspot.com/

Rating: 3.7/5 (9 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Email Hide