Loomis Sayles' Fuss: Higher inflation will be with us for the next decade

On the 10th anniversary show for Money Life, legendary bond fund manager Dan Fuss, vice chairman at Loomis Sayles & Co., says that the Federal Reserve is "trapped," and will not be able to fully control inflation and that investors will be living with higher inflation and interest rates "for likely the next 10 years." Fuss compares today's bond market conditions to the Korean War era, and says investors need to adjust their expectations and get used to living with it. Also on the show, David Trainer of New Constructs revisits some of the most successful Danger Zone selections that -- despite being hammered since they were labeled as dangerous -- remain poised for more damage, and money manager Tom McIntyre of McIntyre, Freedman & Flynn, who appeared in the first-ever Money Life Market Call -- is back talking stocks in that segment again today.