There's No Playbook

Volatility is the watchword -- in the market, in the economy, and in the world. Michael Farr welcomes another fabulous lineup of guests to help you make your way through the threats and find the opportunities in today's turbulent environment! Kenny Polcari explains the sudden breaks in the markets as prices get away from fundamentals. There are no good historical models for what the markets are facing, so changes in sentiment produces whipsaw movements. Dan Mahaffee helps explain the disputes in Asia -- and why China finds itself on the side of helping smooth things over for the benefit of the US. In our third segment, Michael welcomes Heather Long of The Washington Post for a deep discussion, and great summary, of monetary policy. Right now, the Federal Reserve has more influence over American's pocketbooks (and 401Ks!) than ever before and there is no one better to explain the complexities of what goes on at the Fed in language we all can understand. It's The FarrCast! Wall Street, Washington, and The World.