Following our previous interview with Addison Wiggin, author of the book Empire of Debt we again speak to the Editorial Director and publisher of the highly successful The Daily Reckoning as he updates us on a multitude of topics and gives us a great insight into consumer and investor trends for the future. Listen in as he discusses the opportunities arising from slowing house prices and increased mortgage rates; as we shift into a buyers market with new investment opportunities as a result of the increasing number of foreclosures.
Addison also talks about the enormous spending problem in Washington as the Federal debt reaches $9 Trillion and explains how the Administration is engaging in what he calls “Enron style accounting” as they keep the costs of war in Iraq Afganistan “off budget.”
For such a short interview it’s full of information that will impact on your investment and tax dollars. Therefore we say this one is worth a listen!