Lowflation & the Fed, behavioral finance with Michael Mauboussin

The president of the Federal Reserve Bank ­of Dallas, said he supports ending the central bank's bond-buying program this year, but added that it’s likely low-interest rates will continue for some time. Erin takes a look. Michael Mauboussin, managing director and head of global financial strategies at Credit Suisse, talks behavioral finance and the biases we have when making our financial decisions. In Big Deal, Edward Harrison and Erin talk about global income distribution - globalization has been great for the 1 percent and bad for the middle class…but it has been quite positive for the emerging global middle class.

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