Former Fed Pres Sees 2-3% Ten Year On the Horizon

On this week's FarrCast, Michael Farr has an extended discussion with Dr. Jeff Lacker, former President of the Richmond Fed, about the state of debt, the monetary experiment, and what it means for the economy, and markets, moving forward. Dr. Lacker says rates are hard to predict, but 2-3% on the ten-year by the end of the year "isn't out of the ballpark." He gives a clear, plain-spoken explanation of some of the forces at work and while Jeff is skeptical about the current path of monetary policy, maintains disaster is not inevitable. But first, Michael welcomes Jim Lebenthal, and they talk markets -- and how rising rates impacts value -- and Dan Mahaffee discusses the political wrangling over the debt, and why no one on Capitol Hill is too concerned right now. For a deeper understanding of the forces shaping Wall Street, Washington, and The World -- listen to The FarrCast!