U.S. Global's Holmes: 'The stars are aligned for a recession and a bear market'

Money Life with Chuck Jaffe

Frank Holmes, chief executive/chief investment officer for U.S. Global Investors, says current economic and socio-political conditions have the market in the middle of a downturn that could grow into a full-blown recession accompanied by a bear market, but he expects central bankers and politicians to print as much money as is necessary to keep economic engines running and to minimize the setbacks. Also on the show, Tom Lydon of ETFTrends.com makes the Invesco Water Resources fund -- a long-running fund that is a different kind of play on the natural resources space -- his ETF of the Week and Craig Hodges, chief investment officer for the Hodges Funds, talks bottoms-up investing in stocks in the Market Call.