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Podcast: Money Life with Chuck Jaffe
Episode: Interactive Brokers' Torres sees potential for 'particularly grim scenario' this fall
Description: Jose Torres, senior economist at Interactive Brokers, says economic risks right now are "skewed to the upside," noting that gas prices could reverse course in the fall; with the market showing Tuesday that it can't handle service prices rising even as oil prices fall, Torres says that the picture could get ugly if gas prices rise and other prices keep going up too, increasing the need for the Federal Reserve to act and the likelihood of a recession next year. Also on the show, author Gary Weiss discusses his latest book, "Retail Gangster: The Inside Real-Life Story of Crazy E...