A Collision Course

The United States is beginning to re-open as the spread of the pandemic slows. Michael Farr welcomes guests Dan Mahaffee and Former President of the Federal Reserve Bank of Richmond, Dr. Jeffrey Lacker. The markets, economy, and politics appear to be on a collision course, and Michael and his guests talk through it. Michael lays out the numbers -- there is a lot of stimulus, and a lot of debt, and that will not be without consequence. Dan Mahaffee outlines the gridlock, and the failures of government to prepare for the post-lockdown world. Finally, Dr. Lacker joins to discuss the economy -- he makes the case that the markets being only 10% off their highs makes some sense; he says the Fed may have done too much too fast; and that he is still invested in the markets. Helping you understand the traffic at the intersection of Wall Street, Washington, and The World, it's The FarrCast!