Ali has warned of an economic storm that is nearing our shores, and this weekend he shows you just how that is manifesting itself in our economy and how cheap credit may have fanned the flames. Access to credit allowed people to out-spend their means, propping up a housing bubble and making Americans feel wealthier than they actually were.
With interest rates now at record lows, the problem persists and is starting to drag down our tepid growth. Ali interviews former Chief economist for the IMF Raghuram Rajan about what this will mean for the future of the U.S. economy and Americans who have lost touch with the American Dream.
Also: how to protect yourself in a financial storm. Money manager Jim Awad and Ali discuss which stocks or investment securities hold up better in times of economic distress.
Your Money with Ali Velshi airs Saturday at 1pm ET and Sunday at 3pm ET on CNN