NDR's Kalish: Inflation may not be as transitory as policymakers think

Joe Kalish, chief macro strategist at Ned Davis Research, says that the global markets are positioned well for the future provided that they can avoid significant trauma caused by inflation, and he is worried that the pressures causing current inflation may be more persistent than policymakers expect. If pricing pressures linger and are not transitory -- and Kalish uses shelter costs as a possible example -- they may not show up in inflation measures for more than a year, but they will impact the market long-term. Also on the show, Ted Rossman discusses the latest Bankrate.com survey on how people are feeling and responding to the pinch of higher prices, we revisit a recent chat with Victoria Fernandez, chief market strategist at Crossmark Global Investments, and Chuck answers a question about investing in U.S. savings bonds for children and grandchildren.