Martin T. Sosnoff reflects on how the world ends – “The USA would fall apart from the Tea Party’s dream of a balanced budget, less government and certainly a lower tax base for everyone but especially for the rich and famous.”
He is chairman and founder of Atalanta Sosnoff Capital, LLC, a private investment management company with $11 billion in assets under management.
Interesting highlights:
Washington’s debt ceiling fixation seems analogous to Mao’s Great Leap Forward disaster.
The GDP slowdown during the first half year caught all the economists, including Bernanke, with their pants down.
Although our monetary mavens talk about it sub silento in the capital, the big break from our low interest rates holding down debt service costs can’t last forever.
What gnaws at me is the Federal Reserve Board surely has run out of bells and whistles for economic stimulus
The country remains yield starved so treasuries aren’t the answer.
Read the full article ‘This Is The Way The World Ends‘.
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