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Podcast: Money Life with Chuck Jaffe
Episode: Research Affiliates' Harvey: Odds are way up for a hard landing
Description: Duke University professor Campbell Harvey, senior advisor at Research Affiliates, says that the yield-curve inversion the U.S. economy is facing is the worst, most-dangerous kind of inverted conditions, and that the Federal Reserve is steering us increasingly toward a hard landing. Harvey is the researcher whose work pointed out the correlation between inverted yield curves and recessions, and he does not think the current economy has any hope of bucking the trend, particularly if high rates put stress on more banks. Also on the show, Chuck Bell, advocacy program director for Consumer Reports, discusses how much money Americans a...