RiverTwice's Karabell: 'Were still living in a deflationary world'

Zachary Karabell, president of River Twice Capital, says that short-term bottlenecks and supply-chain issues are not systemic inflation, and while he foresees inflationary spikes, he does not believe that long-term upward price pressure is about to change the broad economic picture. In a wide-ranging Big Interview, he notes that the global economy could see a series of rolling recoveries, leading to repeated cycles of good news as the world re-opens from the pandemic. Also on the show, Catherine Golladay of Charles Schwab and Co. discusses the latest 401k Participant Survey, in which Americans discuss just how much money they believe they must amass to live out their days comfortably, Chuck answers an audience question on passive investing and, in the Market Call, Bryan Koslow of Clarus Group talks about the exchange-traded funds he favors now.