Mottek On Money (February 22nd, 2020)

Mottek On Money
Saturday, February 22nd
Investors turn cautious after a record run up as the number of coronavirus cases outside of China grows. South Korea becomes the latest battle ground for the virus. Stocks pull back. Bonds advance, Gold soars. Analysis from prominent wealth manager Michael K. Farr, President and CEO, Farr, Miller & Washington and CNBC contributor. The LAEDC releases its economic forecast with special attention this year on affordable housing in the L.A. area. The outlook and big issues discussed with Bill Allen, President/CEO, Los Angeles County Economic Development Corporation. L.A.'s international trade and potential impact of the coronvirus crisis in China on the local economy discussed with Stephen Cheung, President, World Trade Center, Los Angeles. Mortgage rates move lower as long term government bond yields hit record lows. The latest on rates from Jeff Lazerson, President, Mortgage Grader.