John Bogle on economic outlook

John Bogle, founder of Vanguard on economic outlook. Pay attention to his view on the equity investing for the next decade. He also proposes two taxes: 1) tax on securities transactions in order to discourage speculations, which I think it's a bad idea; and 2) tax on fuel, which I think is a good idea, but the timing may not be great during recession.



(source: CNBC)