Barker on the Market (16:47)
August 24, 2007—Mike Barker, Investment and Retirement Management discusses the market since the extreme volatility of last week and the Fed’s action cutting the discount rate last Friday. Barker talks about the Fed rate cut, its proactive stance and the market and financial community’s reaction. Also discusses is the upcoming Fed meeting in September and the arguments in favor of and against a rate cut at that meeting. Barker also discusses the housing market and his outlook, which does not see at recovery anytime soon.