'Seismic Investment Shift' on Next CONSUELO MACK WEALTHTRACK, 10/11
CONSUELO MACK WEALTHTRACK
Consuelo Mack WealthTrack "Seismic Investment Shift!" premieres nationwide beginning Friday, October 11 at 7:30 p.m. on public television (check local listings**) and on wealthtrack.com.
WealthTrack "Financial Thought Leader" David Rosenberg, Chief economist and Strategist, Gluskin Sheff, will be featured. Interview highlights include:
*The Fed is on a different path than it has taken in the last three decades: "The Fed is always fighting the last war. They fought the inflation war. Now they're fighting the deflation war. They're fighting the last war. But they want to generate inflation. They're telling you we want inflation up to two-and-a-half percent. And they want lower unemployment. Yes. But the thing is that it was always about price stability. I'm trying to say that is no longer the case. They're saying two-and-a-half percent, and then probably it's going to be two-and-a-half percent, plus something," says Rosenberg.
*Rosenberg predicts who will benefit from this change in policy: "who benefits from a steeper yield curve are the banks, because they get wider net interest margins. Insurance companies, which got beaten up so badly by ever-declining interest rates, they're going to be doing better. Financials will be a good place to be. I would say certainly better than the utilities and the other classic rate sensitives, but the banks will have wider net interest margins, so I think that's going to be good for their business. What else? Well, let's say that you want to have inflation hedges in there. I think down the road basic materials will be a good place to be."
Prior to his current role as chief economist and strategist at Toronto-based wealth management firm Gluskin Sheff, David Rosenberg was for many years the chief North American economist at Merrill Lynch, where he famously predicted the housing boom and bust, as well as the last 20 years of falling inflation and rising bond prices. Much to the amazement of his followers, Rosenberg recently reversed that two-decade long call.
About Consuelo Mack WealthTrack
New episodes premiere every week nationwide on public television (check local listings)
Since July 2005, Consuelo Mack WealthTrack has provided trustworthy, understandable advice about building and protecting wealth over the long-term from the best minds in the business world. The weekly financial series remains the only program on television devoted to long-term diversified investing. In season 10, WealthTrack continues to give viewers pathways to build their financial security and tackle economic, market and political changes, featuring new interviews with "Great Investors" and "Financial Thought Leaders," including David Winters, Dan Fuss, Richard Bernstein, and Bill Miller. Anchor, Executive Producer and Managing Editor Consuelo Mack, an award-winning, veteran business journalist with an extensive rolodex, handpicks each guest based on their professional credentials, performance and integrity. Following an in-depth discussion about the most significant current trends affecting investors, guests recommend "One Investment" that every individual should own in a long-term diversified portfolio. Each week's episode concludes with Consuelo's "Action Point," one to-do item to help viewers achieve financial security. The series website - wealthtrack.com - features new upgrades including a redesign to match the series' new HD broadcast look for season 10, and exclusive enhanced content. Full episode streams, Consuelo's "Action Point," guests' "One Investment" picks, transcripts, WealthTrack Web Extra featuring exclusive episode outtakes, interview podcasts and more, are also available at wealthtrack.com.