Welcome to PowerTalk, where we talk with CEOs, COOs and other key business people at public and private companies as well as other subject matter experts.
With me this week on PowerTalk is Stephen Moore, an editorial board member and senior economics writer at the Wall Street Journal. I‚??ve enjoyed his editorials in the Journal for a long time and it was a pleasure to speak with him.
The Sequester and How it Affects your Investments
There has been a lot of bluster over the recently enacted sequester spending cuts, which are really cuts in the rate of spending growth than true reductions in dollars spent. While there will be sectors of the economy that feel the impact more than others — defense and government contractors like Lockheed Martin (LMT), Northrop Grumman (NOC) and others — the underlying economy is in far better shape given the rebound in the housing and manufacturing economies.
Steven and I will touch on those sectors as well as other economic factors such as rising gas prices, the Affordable Care Act – also known as – Obamacare and taxes.¬† Listen now.
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