Bill Laggner is the Co-Founder of Bearing Asset Management along with his fund partner Kevin Duffy.  Bill’s fund has never lost a client in the history of their fund and the returns over the last 3 years have been staggering with a 134% return in 2008 alone.  Bill and his fund partner Kevin have correctly diagnosed the markets for many years staying ahead of the curve and positioning their clients for tremendous gains while many funds were hurt in 2008.  In this interview Bill discusses the stock market, the credit bubble bust, Fed policy, the real estate market, the U.S. Dollar, gold, banks balance sheets, the reality of the US economy, misallocation of capital, future bailouts, subsidization of the economy & much more.