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Podcast: Money Life with Chuck Jaffe
Episode: HYCM's Coghlan: U.S. banking woes are creating global trouble
Description: Giles Coghlan, chief market analyst at HYCM, says that the financial concerns springing from the current bank concerns are building a currency and economic crises for the rest of the world, noting that the situation has changed interest-rate expectations for central banks around the globe. He expects the Federal Reserve to follow the path set by the ECB -- Europe's central bank -- moderating expectations and hinting at rate cuts starting late this year, triggering significant market volatility as investors respond to the news. Also on the show, Stan Haithcock — Stan the Annuity Man - returns to help Chuck ans...