This week in the Big Picture, John interviews Jim in another edition of On The Record. Some of the topics this week include what has caused Jim to become more cautious on the economy and the markets, why he has shifted his position on gold this year and does he still favor dividend paying stocks if the economy falls into recession? Jim also addresses the technical, fundamental and political factors affecting the markets, and which has the greatest influence on his decision making. He also answers a question about bonds, their risks in an environment of rising interest rates, as well as the distinction between bonds and bond funds. Jim discusses the Federal Reserve, and what the “end game” may be as it struggles to revitalize the economy. He also comments on this turbulent presidential election year.
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