President Barack Obama opted against naming a “car czar,” instead asking Treasury Secretary Timothy Geithner and White House economic adviser Lawrence Summers to head a task force on revamping the US auto industry, according to people familiar with the decision.
What do Geithner and Summers, two economists and financial experts and college professors, know about the car industry? How can they fix it if they do not know absolutely anything about cars? If they did, they would run a car company. Is this where we are heading? Bureaucrats telling us how to run our business?
I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes. To find out more about my in depth view of the markets and my strategy just visit our website https://www.peterdag.com/. You can review The Peter Dag Portfolio, free of charge of course. You can also call me at 1-800-833-2782 to discuss your specific money management needs.
George Dagnino, PhD
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