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Is QE3 Needed to Boost Bearish Economy?

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  • Description

    Strategic Wealth Partners V.P. Tony Zabiegala on the economy’s bearish outlook.

  • Duration 1:44
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Says he's investing in Biotech stocks in an effort to play the aging population trend.

Joining me now is Tony summit gala he's been seen co-founder of strategic wealth partners Tony thank you for joining me.

I'll get to leave Biotech stuff from the the baby boomers and -- actually get your take on this market overall down eleven sessions now -- a twelve we still got further to fall.

You know what I mean right now we are experiencing slowing growth both domestically and overseas.

Reinhart and rolled off came out with a study that says when a country in an economy is the running at 90% debt to GDP ratios.

We can expect long term growth for a long period of time and they also took it one step further and said.

That if the if you're running these levels for over five years.

It may take up to 23 years on average to get back to sustainable levels so we NA somewhat bearish cycle now do you believe that's gonna play out for quite sometime to come.

I think so -- I you know -- there's nothing to be really.

You know bullish about right now not there's not a lot of great data out there for us to get excited about and maybe we should batten down the hatches right now.

What about the Fed in QE3 is that needed now do you think.

You know what I don't know -- any economy that it has printed money indeed valid devalued.

Their currency and see them going any further I mean.

When people when we ran out with QE1 QE2.

To LT RO package yeah -- -- we solve rally but then.

We tank so I don't think -- QE3 is gonna help anything right now we need a strong dollar because that's gonna help -- strong consumer here in the United States.

And 71% of GDP it's made up of consumers.

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