It’s seldom that you can receive uncomplicated answers about the economy and the impact of these turbulent times. Ask five “experts” and you’ll get seven opinions.

So I was overjoyed that Lee Duckworth and Larry Dooley from Capital Wealth Management were able to join me and respond to questions about unemployment, bank failures, the Fed’s actions, the TINA principle, and the TARA principle. (I hadn’t heard of these, either, but they make a lot of sense and you’ll see how they’re changing when you listen to the interview.)

We chat about the primacy of cash for individuals and organizations in turbulent times, and what some bare minimums are to consider. I’ve always advised people entering professional services that they should have a minimum of six months of regular expenses in the bank when they launch their practice. Find out if I’m right or wrong.

We discuss the very low unemployment we’re experiencing and the fact that there are two jobs for every person seeking one. We review consumer spending, especially in hospitality and travel.

There are very original insights on the bank failures in California of a few weeks ago, and the need to check on whether deposits are actually insured or not. I raise the issue about the large withdrawals from Schwab and State Street, two main custodians, and receive a rather surprising answer.

I have four degrees, but took only three credits in economics over that entire stretch of schooling. You’ll learn a great deal here listening to two pros in financial planning and asset management.