The FarrCast : Wealth Strategies
Business:Investing
Stephanie Link/TIAA: No Recession in Sight; Ned Davis: Don't Make the BIG Mistake
Michael welcomes back Stephanie Link to the FarrCast. She reminds us, you can't get obsessed with the day to day and as a long term investor you have to look at the underlying health of the economy. Interest rates are low and employment is strong, so while the growth is slowing. There are so many moving parts, the narrative is always changing, so look for quality.
Dan Mahaffee joins us remotely after a first hand exploration of the struggles of infrastructure on the East Coast. The Iranian situation has seen a climb-down from the President on military retaliation, but a new series of sanctions targeting the shadow economy of the Iranian hierarchy. Dan walks us through the dynamics in Iran -- and how the economic pain in Iran has served to turn some of the rural populace towards the clerics, not away.
For our third segment, Michael welcomes Ned Davis, founder of Ned Davis Research -- one of the greats of the business. Ned begins by telling us from his study of crisis events -- news may cause market turmoil but it's usually short-term. It's important to watch fundamentals and ignore the noise. Ned shares his wisdom and insight from his objective, data-driven research. He's cautious, but still thinks the markets have room to run. Every time is different, and Ned tells us what he's watching.
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