Money Life With Chuck Jaffe Daily Podcast

Mark Fleming, chief economist at First American, says rate cuts are not a panacea for the housing market, especially because Americans got used to nearly 50 years of declining mortgage rates until they moved from the 3% level up to their 6% range over the last few years. Now — with consumers feeling like they have golden handcuffs in older, low-rate mortgages — Fleming says gains will be slow, because improved affordability will need to be driven by income growth among consumers, and paychecks will have to increase at a rate faster than home-price appreciation to overcome rate concerns.  Dan Wiener, former chairman and chief executive at Adviser Investments (now RWA Wealth Partners) — the long-time editor of The Independent Adviser for Vanguard Investors — discusses the piece he wrote for Barron's this week, "I Learned the Hard Way: Private Investments Probably Don't Belong in Your Portfolio," and discusses why he thinks that recent law changes that make alternatives more accessible in retirement plans are go