Greg McBride, chief financial analyst at BankRate.com, discusses how the site's latest survey shows that Americans are tapping into emergency savings increasingly to pay ordinary expenses. He talks about the dangerous spiral that a growing number of consumers are on, as they begin to exhaust emergency funds and have to rely increasingly on credit cards, currently carrying record-high interest rates. Rob Nestor, president of Turing Technologies, discusses the evolution of "high-conviction investing," and how focusing on the investment ideas that money managers most believe in can deliver results that beat indexes. In the Market Call, Greg Halter, director of research at Carnegie Investment Counsel, makes his debut on the show, talking stocks.
Money Life with Chuck Jaffe