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Podcast: Money Life with Chuck Jaffe
Episode: Bear Trap Reports founder says inflation will stick around for three years
Description: Market strategist Lawrence McDonald, creator of The Bear Traps Report, says that the Federal Reserve is not "going to get rid of inflation with six months of rate hikes," which is a big reason why he is calling for market doldrums that amount to several years of mostly sideways. While not anticipating a big crash, McDonald says that investors should avoid the Standard & Poor's 500 and Nasdaq Composite indexes -- which he says have been destroyed of late -- and instead pursue emerging markets and value stocks. Also on the show, David Schiffman, manager of the Aquila High Income Fund (AT...