James Lockhart on Mortgage Market, Fiscal Cliff

Dec. 27 (Bloomberg) -- James Lockhart, vice chairman of WL Ross & Co., talks about the outlook for the residential real estate mortgage market and the so-called fiscal cliff of automatic tax increases and spending cuts. Lockhart speaks with Sara Eisen, Mike McKee and Alix Steel on Bloomberg Television's "Surveillance." (Source: Bloomberg)

Slowest Inflation in Two Years Ratifies Poloz's Pessimism
11:19 - Canada's core inflation rate was the slowest in two years in August, missing even the most bearish forecast, in another blow to the country’s economic outlook. Bloomberg's Greg Quinn reports. (Source: Bloomberg)
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