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Pabrai Thinks Fiscal Cliff Concerns Are Massively Overstated

December 12, 2012 | About:

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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