Money Life With Chuck Jaffe Daily Podcast

James Cordier, chief executive officer at Alternative Options, discusses how the worst drought in Brazil in the last century has coffee stockpiles at their lowest levels in over a decade, driving up costs for every consumer who needs their caffeine fix before they start work in the morning. Cordier, a long-time commodity trader, says that supply-and-demand imbalances are impacting a number of commodities — but most notably coffee and cocoa now — and says it is the commodity issues rather than tariffs that have driven most of the price hikes. At the same time, Cordier says that central bankers around the world have been buying gold at a frantic pace, pushing the price to record levels but leaving plenty of room for it to go significantly higher from here. Harvard University professor John Campbell, co-author of "Fixed: Why Personal Finance is Broken and How to Make It Work for Everyone," discusses how the financial system benefits the wealthy and financially savvy while setting up ordinary consumers to make co