Tom Gallagher Interview: Fiscal Policy Currently Has More Influence Than Monetary Policy

Consuelo Mack interviews Tom Gallagher on this week's WealthTrack. Tom was formally with ISI Group until retiring recently and is now a principal at The Scowcroft Group. While at the ISI Group, Tom was voted the #1 analyst on Washington matters by Institutional Investor from 2001-2010. In the interview, Tom notes government policies have rarely been this important or influential in the economy and markets. He discusses what to expect from the White House, Congress and the Federal Reserve and what it means for your investments in this deleveraging environment. He notes where investors focus in the run up to the technology bubble was on capital gains, in this environment, income return from ones investments is where ones focus should be at this point in time.