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Podcast: Market Depth
Episode: Michael Kao: Engineering A Soft Landing, Avoiding A Credit Crisis
Description: On today's edition of "Boiler Room," Alfonso Peccatiello is joined by Michael Kao, retired hedge fund manager and private investor, for a discussion on the many obstacles facing the Fed.Kao says "the genie is out the bottle" for inflation. As the Fed attempts to engineer a soft landing, will it be able to do so without causing a credit crisis? Historically, the Fed's track record of engineering a soft landing has been "pretty bad,” according to Kao. How will this cocktail of high inflation, recessionary pressures, elevated commodity prices, a strong dollar and in...