The Drunken Sailor's Path to Recovery

This week's FarrCast kicks off with Michael Farr and Kenny Polcari looking at the markets -- with the big November rally, the Santa Claus rally might not have much legs. The two of them revisit some of the structural changes that have occurred in markets over the years. Dan Mahaffee joins for a look at the Biden cabinet as it comes together, and what it tells us about policy.  And finally in our special guest segment, Michael welcomes first-time FarrCast guest Tory Newmyer, National Correspondent for The Washington Post and primary author of the regular Finance 202 column. Tory talks about the K-shaped recovery and why austerity, while good for a household, might not be the best path for the largest economy in the world. It's The FarrCast! Wall Street, Washington, and The World.