Louis on Noticias 34

19 Nov 2008 · 3 min
2:38

Financial analyst Louis Barajas discusses recession concerns after the Federal Reserve cut rates to 3.5%. He advises a struggling LA restaurant owner to avoid selling assets, focus on marketing, and ignore emotional purchases like gold, which jumped from $400 to $900 an ounce.

Questions this video answers

Three quarters of a percentage point (0.75%).

About 3.5%.

Approximately 6 months to 15 months.

Gold was referenced as $400 per ounce previously and $900 per ounce later.

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