Money Life With Chuck Jaffe Daily Podcast

IAA's Zaccarelli: Don't be fooled; the relay is 'delaying the inevitable'

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Synopsis

Chris Zaccarelli, chief investment officer for the Independent Advisor Alliance, says that the market has reached a time when the better things are in the present, the gloomier they set up for the future. He says that rather than a soft or hard landing for the economy, we could be facing 'no landing,' which further pushes back difficult times because 'the recession has not been canceled, it has just been delayed. I would argue that we are delaying the inevitable and ultimately the longer we delay it the worse it is going to be.' In the Market Call, James Abate, chief investment officer for Centre Asset Management and portfolio manager for the Centre Funds talks infrastructure investing. Plus, the latest installment of the Weird Financial News, featuring the 6-year-old who placed massive food orders from GrubHub when he was supposed to be playing on his father's phone.