Edward Yardeni is known as one of the smartest, most forward-thinking economic analysts around. Although he now runs his own firm, he was on Wall Street for a quarter century as the chief economist of EF Hutton, Prudential Securities, and CJ Lawrence. He was also the chief investment strategist of Deutsche Bank Securities.
And in an investment note today, Dr. Ed says this is how he would fix things if he were “King of the World for a week”:
Simple really. In the US, I would implement Simpson-Bowles in full. I would mandate that public employees can collect their benefits only when they turn 67, not when they retire. In Europe, I would take Germany out of the euro zone, and let the euro plunge. I would lower tax rates in Europe and enforce strict tax collection. In China, I would privatize state-owned companies. I would outlaw the Communist Party.