Optimism Is a Matter of Timing

Wall Street has hit a speed bump today, but the economy is facing much more than a bump in the road. Why the disconnect? This week on the FarrCast, Michael Farr welcomes Jim Iuorio to talk markets, and Jim says a correction could happen anytime -- but he's not expecting one imminently, and explains why (and how the resignation of the Prime Minister of Japan effects his thesis.) Dan Mahaffee joins to talk about Washington and the US political scene. Racial wounds have been exposed in Minneapolis, Kenosha, and elsewhere. How are America's fault lines opening in politics? Finally, in our third segment, Michael welcomes special guest Doug Steenland, non-executive Chairman of the Board at AIG, and former CEO of Northwest Airlines. Doug has an interesting perch on the economy, and explains how the massive economic crisis hasn't become a financial crisis. Nonetheless, he remains cautious about the recovery: we still have a long way to go. Coming to you every week with experts and insiders, it's The FarrCast: Wall Street, Washington, and The World!