Ron Kaliebe, portfolio manager for the Mairs and Power Balanced Fund, said that the current interest rate environment globally is not normal, and that Corporate America has taken advantage of low rates and leveraged up, a strategy that could create trouble down the line, but not until or unless America gets caught in a global economic slowdown, which he does not foresee happening in the near future. Also on the show, Jake Falcon and David Hartness of HighTower Advisors discuss how planning customers need to know the inner workings of the firm they hire, Nicholas Jasinski of Barron's covers the latest 'Big Money' poll, and Josh Stewart of Seven Canyons Advisors talks stocks in the Market Call.
Money Life with Chuck Jaffe