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Podcast: Money Life with Chuck Jaffe
Episode: Janney's Luschini: The coming recession will be mild and brief
Description: Mark Luschini, chief investment strategist for Janney Montgomery Scott, says the market's wild swings after its hot start are the kind of action investors will have to put up with until the market sees inflation start to give way and confidence grows that the Federal reserve has made real progress. That said, he expects a recession this year but notes that the economy is lacking the conditions that typically make a downturn deep and protracted so he believes it will be mild and brief before a recovery starts. Also on the show, John Cole Scott, president at Closed-End Fund...