Host : So Todd what would you advocate the government and the Fed do right now to give the economy a kick in the pants?

Todd G. Everts: Well first of all it’s got to change its immigration policies. It’s got to open up its doors. It still has its knee-jerk reactions to the 9/11 event. People don’t want to go to the US and bring in money from tourism. They’d rather go to some place where they don’t have to be hassled. The US has got a systematic problem of believing that this is the US and the world revolves around the US. It’s simply not that way. The US needs to provide economic incentives for people to go out and start businesses like what we saw in the 70s, in the 80s with firms like Intel and Microsoft. They just don’t have that. There’s no reward for the small business person to invest in themselves today in the US.

Host: But things like changing the immigration laws and giving incentives to people to start their own businesses, I mean, these are sort of longer-term things that will take quite a long time and what would you do right now if you were trying to avert a US economic recession at least mitigate the down side?

Todd G. Everts: I would increase the stimulus of tax cuts on small businesses so they can re-invest in themselves and compete in this global economy because if they can’t invest in themselves because they’re afraid of their tax liability they cant get a loan because banks are tightening credit, they’re just going to continue their course and they’re not going to be able to be competitive in a worldwide market which we live in today.

Host: You know we’ve got a lot of data coming out, but most importantly we’ve got the payrolls tonight. You know it’s interesting that the market at the moment seems to be very much focused on all the problems going on with the bond insurers and that managed to completely shrug off the negative economic data last night. I wonder what will happen tonight when we get payrolls. I think you’re expecting that the payrolls are likely to disappoint. How’s the market going to react?

Todd G. Everts: I think the market’s going to react negatively because there’s going to be one more additional nail on the coffin. When the sub-prime event happened in spring and summer, everyone said that we’re at the end and we’re still not at the end. We’re still going to find losses of substantial portions on US banks and international banks that have exposure. The profit makers, essentially hedge funds and private equity firms who have the ability to go in and buy, they don’t have to report on a quarterly basis in the same way that the US banks do and the US insurers do are the ones who are going to make a profit.

Host: Todd thank you so much for joining us today, always good to hear your thoughts...interesting conversation. Todd Everts, President and CEO at Wall Street Global.

Todd G. Everts: Great to see you.