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Nov 14, 2023

David Ellison, portfolio manager for the Hennessy Large-Cap and Small-Cap Financial Funds, says the struggle for banks will be "what's going to happen on the credit side as these loans re-price with the higher rates." Ellison says the economy's current strength is a function of what has happened over the last three decades, which has made the economy "stronger than people believe it is," which is why indicators like the inverted yield curve may not be accurate and functional now. Also on the show, Jennifer Burns, author of "Milton Friedman: The Last Conservative," discusses the legendary economist and his lasting impact on how today's leaders view the world, Stan Haithcock -- Stan the Annuity Man -- talks about how annuities perform and how attractive they should be to investors and savers in a higher-rate economy, and Chuck answers a listener's question about the efficacy of 60-40 portfolios, and how to allocate money around a core of target-date investments..