J.P. Morgan's Dr. David Kelly on Why He Believes Foreign Stocks Are Attractive, Inflation Will Subside, & The Debt Ceiling is a "Doomsday Machine" | #463
The Meb Faber Show - Better Investing
What's Going on in the World?
In terms of fiscal stimulus, I think fiscal stimulus is dead. Even if the economy were to fall into recession, I do not believe a stimulus bill would pass House of Representatives. By about July or August of this year, we're going to be bumping up against that debt ceiling. Third parties are at fault here because either party had a responsibility and opportunity to simply eliminate the debt ceiling.
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