Barron's Mid-Yr. Roundtable: Mario Gabelli

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From Barron's 6-18-07:

Mario Gabelli is Chairman of Gamco Investors Inc.

In Barron’s mid-year 2007 Roundtable, published in the magazine's June 18th issue, Gabelli offered his take on the 2nd half of 2007 and gave a few recommendations:

"We thought the economy would be sluggish in the first half because of inventory corrections in housing and the automotive market. Things have unfolded more or less along those lines, with the rest of the world looking stronger than the U.S. By the second half of the year the inventory correction in automotive will be out of the way. The housing market will remain sluggish, but the inventory correction in that market will be gone in 2008. In the meantime, exports, nonresidential construction, capital expenditures, wages and the wealth effect provide ballast. At the other end of the economy, consumers will suffer from higher gasoline prices and declining home values. Bottom line, the economy muddles through and starts looking brighter in '08."

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