John Kim discusses the economy on WealthTrack
John Kim, who heads the company's Investments group, pointed to the housing market as one economic bright spot, while cautioning that other factors could hinder sustained economic growth during his appearance on WealthTrack, the award-winning public television news program.
John was interviewed by veteran broadcast journalist Consuelo Mack, the host of WealthTrack, the only program devoted to long-term diversified economic issues. The show initially aired February 1.
In addition to the housing market, John also discussed his economic outlook for 2013,the bond market and international risks that could impact the economy.
This replay of Consuelo Mack’s "WealthTrack" is provided for informational purposes only. John Kim is the Chief Investment Officer at New York Life Insurance Company. Nick Sargen is the Chief Investment Officer of Western & Southern Financial Group. Consuelo Mack and Nick Sargen are unaffiliated with New York Life.
All opinions and data included in this material are as of February 2012 and are subject to change. The opinions and views expressed herein by Consuelo Mack and Nick Sargen are of the outside speakers and may differ from New York Life and its subsidiaries. Views and expressions herein are not intended to be relied upon as a factual prediction or forecast of actual future events or performance or a guarantee of future results or specific investment advice. Past performance is no guarantee of future results. The information contained should not be used as the sole basis to make any investment decision. The information presented does not constitute, and should not be construed as, investment advice or recommendations with respect to the securities referenced. External statistics have been obtained from sources believed to be reliable, but the accuracy and completeness of this information cannot be guaranteed. Investors cannot invest directly in an index.
All investments involve risk, including loss of principal invested. Fixed income securities are subject to credit and interest rate risk. In addition, investments in high yield securities involve risks including, but are not limited to, price volatility and the increased risk of default because of the lower credit quality of the issues. Investments in international equity involve risks in addition to those ordinarily associated with investing in domestic securities, including the potentially negative effects of currency fluctuations, political and economic developments, foreign taxation and differences in auditing and other financial standards.