Billionaire Investor Wilbur Ross was on Bloomberg to talk about politics, Romney, the presidential election, the outlook of the global financial markets and current administrations economic policies.
Source: www.bloomberg.com
-- Why Romney is the right man for the economy: First of all he understand the economy. The Obama administration does not have a slightest clue of how the economy works. Secondly, he has the ability to lead and make hard decisions.
-- Lack of clarity from Washington, increased regulations, increasing interference into the private sector, no clarity healthcare cost, no clarity on tax policies. This kind of uncertain environment makes it very difficult to make investment decisions.
-- Bowle Simpson came up with good sensible recommendation to solve the fiscal deficit but no action has been taken.
-- Our economy needs to be turned around, but substituting debt for revenue to meet obligations is not a sensible solution.
-- Future of markets - Markets are in a very treacherous spot due to lots of countries having huge political issues (Europe, U.S.). Economies throughout the world are weakening but doesn't see any depression coming.
Here is the video:
http://bloom.bg/TB1Hhg
Source: www.bloomberg.com
-- Why Romney is the right man for the economy: First of all he understand the economy. The Obama administration does not have a slightest clue of how the economy works. Secondly, he has the ability to lead and make hard decisions.
-- Lack of clarity from Washington, increased regulations, increasing interference into the private sector, no clarity healthcare cost, no clarity on tax policies. This kind of uncertain environment makes it very difficult to make investment decisions.
-- Bowle Simpson came up with good sensible recommendation to solve the fiscal deficit but no action has been taken.
-- Our economy needs to be turned around, but substituting debt for revenue to meet obligations is not a sensible solution.
-- Future of markets - Markets are in a very treacherous spot due to lots of countries having huge political issues (Europe, U.S.). Economies throughout the world are weakening but doesn't see any depression coming.
Here is the video:
http://bloom.bg/TB1Hhg
