Podcast appearances and mentions of bernie horn

Warren Pierson, co-chief investment officer at the Baird Funds, says that he expects the economy to keep chugging along, avoiding a deep recession as it enters a rate-cut cycle that initially trigger a rally but investors will not want to extend the duration of their holdings too long. Pierson notes that no matter who wins the White House in November, he expects tax hikes in order for the federal government to attack deficit problems, and he says the bond market — particularly the municipal bond market — is already anticipating that move, and is attractive as a pre-emptive move now. Robert Farrington, founder of The College Investor helps Chuck answer a listener's question about college-savings plans and how to set money aside creatively and flexibly in case the children don't take the traditional college path when their time comes. In the Market Call, Bernie Horn, manager of the Polaris Global Value fund, talks about where in the world he is finding solid values now.

conversations worth a re-listen. First, from 2007 with DREW WESTEN about the ideas and advice in his influential book, THE POLITICAL BRAIN: The Role of Emotion in Deciding the Fate of the Nation. Westen: Democrats almost always present the best arguments but lose elections to Republicans who have mastered the art of emotion and story-telling. Second, my 2009 conversation with BERNIE HORN of the Public Leadership Institute about FRAMING THE FUTURE: How Progressive Values Can Win Elections and Influence People. Horn: Persuadable voters make choices depending on how political issues and questions are framed. Emotion, narratives, framing. Trump traffics all too well in all three.

As we fasten our seatbelts and plunge into the 2024 campaign, here are two conversations worth a re-listen. From 2007, I talk with DREW WESTEN about the ideas and advice in his influential book, THE POLITICAL BRAIN: The Role of Emotion in Deciding the Fate of the Nation. Westen: Democrats almost always present the best arguments but lose elections to Republicans who have mastered the art of emotion and story-telling. In the second half, my 2009 conversation with BERNIE HORN of the Leadership Training Institute about FRAMING THE FUTURE: How Progressive Values Can Win Elections and Influence People. Horn: Persuadable voters make choices depending on how political issues and questions are framed. Emotion, framing, narratives. Trump traffics in all three. 

Bernie Horn, long-time manager of Polaris Global Value, says that value stocks have outperformed growth stocks outside of the United States for several years and he expects the domestic markets to follow suit as central banks keep interest rates higher, creating positive real returns for fixed income and ending some of the bubbles caused in equity sectors caused by years of borrowings at interest rates near zero. While he expects the change to be global, Horn notes that he favors international stocks now because their valuations are more attractive. Todd Rosenbluth, head of research at VettaFi also goes international with his ETF of the Week, picking an emerging market fund that excludes China for investors who have been scared away by concerns over China's markets. Nate Miles, head of retirement at Allspring Global Investments discusses the firm's annual retirement survey, which showed that two-thirds of retirees and near-retirees think they are ready for retirement, but advisers think just 40 percent of their clientele is ready to make the leap. Plus, Dave Grossman, the founder of MilesTalk, discusses how to travel the world on loyalty points and frequent-flier miles and digs into the Capital One-Discovery merger and how it might change the points landscape for years.

Jim Welsh, author of the 'Macro Tides' and 'Weekly Technical Review' newsletters, says that the leading economic indicators that had everyone expecting a recession a year ago have fooled investors by softening recently. While many experts now are predicting a soft landing and the potential for no recession, Welsh says key indicators -- like the inverted yield curve -- often take a year or more to pan out and they will come to roost in the next three to six months, reinforcing the possibility of a 5 to 7 percent market pullback before the year ends. Also on the show, Jon Baranko, chief investment officer for fundamental investments at Allspring Global Investments, discusses how the strong start to 2023 impacted the firm's mid-year outlook, which is looking ahead and seeing broader participation and strong times for small-cap stocks ahead. In The NAVigator, it's Josh Duitz of the Aberdeen Global Infrastructure Income Fund, explains why the timing is good for infrastructure investing but notes that the public companies in the sector are a particularly good value right now. In the Market Call, Bernie Horn of the Polaris Global Value fund talks stocks.

Brian Overby, senior markets strategist at Ally, says that the market is in a good place to have a Santa Claus rally into the end of the year, boosted by the strong consumer, but he noted that good news could carry into 2023 with an economy that could actually pull off a soft landing so long as employment, inflation and spending numbers stay where expected and continue current trends. Overby noted that while current conditions are rocky, it makes for a selective buying opportunity while waiting for the Federal Reserve to show its cards for the new year. Also on the show, Marc Zeitoun of Columbia Threadneedle discusses a survey showing that advisers and investors are looking for more flexible strategies to get by in rough markets, David Trainer of New Constructs puts a low-priced maker of oat milk and similar products in "The Danger Zone" and, in the Market Call, Bernie Horn, manager of the Polaris Global Value Fund talks about buying stocks in the messy market conditions currently being experienced around the world.

Jeff Weniger, head of equity strategy at WisdomTree Asset Management, says he expects unemployment to drop potentially below the 3 percent level -- which is better than so-called 'full employment' -- which takes 'the stag' out of stagflation possibilities. With the jobs market not being stagnant, Weniger says the economy can power through rising inflation and interest-rate concerns to keep moving forward, even if consumers and investors suffer some discomfort along the way. Also on the show, David Trainer re-visits Danger Zone picks Shopify and Coinbase after their recent earnings reports and says that the big recent declines in each stock are still just the beginning of the problems for investors who stick around. In the Market Call, Bernie Horn of Polaris Global Value talks stocks and the impact that the war in Ukraine is having on global markets.

Jim Paulsen,  chief investment strategist for Leuthold Weeden Capital Management, says that inflation is the big risk facing the market, but he downplays the potential for inflation to last once supply-chain issues and demand levels normalize post-pandemic. Meanwhile, he makes the case that the stock market could rise from now through the end of the year and still enter 2022 relatively cheap, with the Standard and Poor's 500 trading at less than 20 times earnings, a level which would keep the bull market rolling. Also on the show, Ted Rossman of CreditCards.com discusses Americans' tipping habits and how they talked a better game than they played during the coronavirus epidemic, and Bernie Horn, manager of Polaris Global Value fund talks about where in the world he's investing and what stands out to him now in the Market Call.

Today, a Money Life first, with two money managers disagreeing about the same stock -- one saying he would buy it now while the other would sell it and avoid it -- on the same show. Learn about the stock and get a lot of broad market reaction and more today from Noland Langford of Left Brain Investment research, Ben Cook, the portfolio manager of Hennessy BP Energy fund, Ted Rossman of Creditcards.com and in the Market Call with Bernie Horn of Polaris Global Value fund. 

Joe Kalish, chief global macro strategist at Ned Davis Research, says that while many people currently believe the stock market and economy are disconnected -- with the market thriving while the economy is hurting -- the patterns for the market and the economy are tightly linked and likely to stay that way for the foreseeable future, with the economy's path dictating what the market does next. Thus, if the economy takes a V-shaped recovery pattern, the market will continue going up, but if the recovery flattens, falters or rolls over, the market is likely to follow suit in lock-step fashion. Also on the show, Tom Lydon of ETFTrends.com talks about China with his ETF of the Week, and Bernie Horn of the Polaris Global Value Fund talks about why he has broadened out his portfolio and how the inability to be a globetrotter has affected his buys and sells amid the pandemic. 

Bernie Horn, portfolio manager at Polaris Global Value, says that while the U.S. stocks have sharply outperformed international stocks since the financial crisis of 2008, the situation has now gotten to where foreign valuations are increasingly attractive, and he noted that if you can find the right valuations in businesses that are able to grow cash-flow over time, the stock should ultimately pay off no matter where in the world it is based. Also on the show, Tom Lydon of ETFTrends.com makes an actively managed municipal bond fund his ETF of the Week, Pat Rowan of TIAA discusses Americans' confidence in retirement, and Craig Curlop of biggerpockets.com talks about his new book on 'house-hacking,' a strategy where you buy multi-unit properties, live in one unit and rent the others, uing the rent to pay your mortgage and effectively letting you live without having to make a monthly housing payment of your own.

Warren Pierson, senior portfolio manager at the Baird Funds, said the markets currently are re-calibrating after the December fall and the January rebound, getting used to more reasonable levels of growth in both earnings and gross domestic product. The result should be market that sustains a slow-but-steady positive course for 2019. Also on the show, Tom Lydon of ETFTrends.com makes an emerging-markets bond fund his 'ETF of the Week,' Chuck discusses how investors need both an iron will and iron stomach to ride out current market times, and Bernie Horn of the Polaris Global Value Fund has the Market Call. 

Join Tom and Art and guest Bernie Horn of Campaign for America's Future and Brad DeLong, a professor of economics at UC Berkely as we attempt to make sense out of the banking mess.Bernie Horn has worked on politics and public policy for the past 30 years as a campaign manager, political consultant, lawyer, lobbyist, communications director, and policy director. He is currently a Senior Fellow at the Campaign for America's Future working on message framing and delivery. For eight years, he was Senior Director for Policy and Communications at the Center for Policy Alternatives (CPA).DeLong is chair of the Berkeley International and Area Studies Political Economy major; a research associate at the National Bureau of Economic Research; and a visiting scholar at the Federal Reserve Bank of San Francisco.

Join Tom and Art and guest Bernie Horn of Campaign for America's Future and Brad DeLong, a professor of economics at UC Berkely as we attempt to make sense out of the banking mess.Bernie Horn has worked on politics and public policy for the past 30 years as a campaign manager, political consultant, lawyer, lobbyist, communications director, and policy director. He is currently a Senior Fellow at the Campaign for America's Future working on message framing and delivery. For eight years, he was Senior Director for Policy and Communications at the Center for Policy Alternatives (CPA).DeLong is chair of the Berkeley International and Area Studies Political Economy major; a research associate at the National Bureau of Economic Research; and a visiting scholar at the Federal Reserve Bank of San Francisco.