Jack Bogle: China is “Sinking Quite a Bit”

Jack Bogle: China is "Sinking Quite a Bit"

In an interview to appear tonight on FOX Business Network’s (FBN) Cavuto (8 PM/ET), Vanguard founder Jack Bogle talks with anchor Neil Cavuto about what he sees ahead for the economy. Bogle says, “I think it’s less that we get the right rules than that we get some rules.” Bogle goes on to say that the U.S. economy is the “best performer in the developed world by a good margin,” and says that, “China seems to be sinking quite a bit.”

Excerpts from the report are below.

On what he sees ahead for the economy:  “We have to get some clarity as to what the future holds in terms of the government’s role, taxes, capital gains, dividends. I think it’s less that we get the right rules than that we get some rules. But the fact of the matter is our economy, U.S. GDP, is the best performer in the developed world by a good margin and the rest of the world has not made this kind of recovery. China is of course much more rapidly growing, but seems to be sinking quite a bit.”

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