It’s a holiday week, but there’s too much going on for the FarrCast to start our summer break just yet! Michael starts with a discussion on the markets with Jim Iuorio. We are at record highs, but there could be danger if we break away from fundamentals. Jim reminds us there is no sure way to time the market – don’t be greedy and rebalance your risk, but remember the markets can stay irrational.
Political analyst Dan Mahaffee calls in for a two segments – with the events of the last week there is too much for just one! At the G20, trade negotiations got back on track, but nothing is really any closer to resolution. Dan says we are starting the cycle of negotiations again, but there is too much of a gap between China and the US. The markets are happy for now things are getting worse but the impasse over economic structure, technology transfer, and state control remain.
In the third segment, Dan talks about the other big event of the weekend, the President setting foot in North Korea. The event has significant symbolic ramifications that could evolve into very concrete problems. The Iranians may be learning lessons from North Korea that we’d rather not teach. Is there an off-ramp for the Iranians in their confrontation with the US?
Bringing you conversations with experts and insiders on the issues that shape our world, it’s The FarrCast: Wall Street, Washington, and The World.
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