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While the fiscal cliff deadline draws closer, Americans will face a tax increases if a deal is not reached this week, there is also a potential port strike. 15,000 Longshoreman are threatening to walk off the job on their ports on the East and Gulf Coast. This could disrupt billions of dollars in shipments a day to our economy. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox Business’ Varney & Company to discuss the similarities between the Longshoreman strike and the fiscal cliff and how ripple affect of the strike could impact the economy and on your wallet.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.