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Podcast: Money Life with Chuck Jaffe
Episode: Economist Thorne sees a growth shock ahead, 'but the U.S. will be fine'
Description: Jim Thorne, economist/chief market strategist at Wellington-Altus Private Wealth, says that "The Fed is the Fed of the world," and that how central bankers act in the United States act will determine the economic prospects of the rest of the world, and he worries that as the Federal Reserve tightens, it could over-tighten and create economic issues. He expects a growth shock, but says the U.S. will get through it and remain the best market to invest in around the globe. Michele Schneider, chief strategist at MarketGauge.com, says that the "inside sectors of the U.S...