Today sonal desai, Franklin Templeton cio. There is a narrative out there that regardless of what happens in two weeks time, things will be ok, someone will deliver a fiscal package. How misplaced is that comfort that things will be ok . Sonal i think you have to break this up. First of all, the idea that within two weeks we will certainly know one way or the other. We dont know that for a fact. Over the last several months, the market has become increasingly comfortable with the idea that mailin voting will happen, we will have a blue suite, and it will be clear shortly after the election. And the election will not end up in court. It is a little risky to discount that completely. That is the first thing that could create a certain amount of nervousness in markets. The second issue is that fiscal package. Right now, we have come full circle of markets being concerned about a blue sweep to actually welcoming one because they are eyeing an eye watering we large fiscal package into next
There is slick spots around and shouldnt be quite as tough as this morning. Tomorrow is stays cold and once we get toward the weekend im tracking an extensive january thaw im talk about the warmth on the way coming up in the full accuweather forecast. Thank you. Of course get the latest updates yourself on the wintry weather and check stormtracker 6 live double scan any time on your phone or tablet. The 6 abc app is a Free Download for your mobile device. Lets talk eagles now. We are just fiveday as way from the nfc championships and the eagles need one more win to punch their ticket to the super bowl. Players and fans are not the only ones excited and the local businesses are looking for the big game. Vernon odom ise with more on that. Reporter good evening. And to you rick. If you think the eagles fans old and in the middle are really fired up about sundays game you should get a hold of the Hotel Managers around town and the restaurant owners. This was oldcitys samuel do good saturda
Host joining us from new york city is doug henwood, a contributor to in these times. He is here to discuss his piece in the february issue on the and howpension crisis the cities reliance on wall street is adding to the shortfall. Thank you for joining us today. Guest thanks for having me. Host what spurred you to focus on the Retirement Crisis right now . Guest for one thing, the magazine asked me to look at it. But this is something i have been following a long time. I wrote a book about wall street a little over 20 years ago. I have been following the Financial Markets and the pension crisis for a long time. A lot of people talk about the problems of the Social Security system, which i think are grossly exaggerated. But there are people who do not want to admit problems around the Pension System because People Associated are looking to cut back up with engines or eliminate them. It does no good to deny there is a problem. Pension funds have made assumptions about returns they will g
I have been following the Financial Markets and the pension crisis for a long time. A lot of people talk about the problems of the Social Security system, which i think are grossly exaggerated. But there are people who do not want to admit problems around the Pension System because People Associated are looking to cut back up with engines or eliminate them. It does no good to deny there is a problem. Pension funds have made assumptions about returns they will get which seem unrealistically optimistic to me in an economy that has a longterm Growth Potential of under 3 . You think you will get 7 or 8 returns on 3 Economic Growth forever. I dont know how you do that unless the stock market gets more detached from reality. We have had a few dips and reality the last few weeks that reminds us that it does not always go up. Host explain exactly how the Pension System works. Guest there are basically two weeks to organize the Pension System. One is like Social Security which is the payasyougo
Welcome to new jerseys next governor. They will be is sitting sitting down with the two major party candidates. This broadcast is being seen across the number of networks. Also on verizon by us. We are also being heard on the radio on a. M. 970. You can also catch us on facebook and we are pleased to announce that we are being seen across the country on cspan. We are joined by the republican candidate for governor. Welcome. Thinks for having me. Before we go to questions with a brief report from our partners he defeated a strong opponent. For nearly eight years he has been the Lieutenant Governor the first person ever to hold that office before that she was Monmouth County sheriff. The federal prosecutor she is running with a plan to cut property taxes with the Circuit Breaker plan which would cap the school portion of a homeowners property tax at 5 of income. Above that the state would pay the School District directly the average savings a hundred dollars per homeowner. The cost to th