Prof. Jeremy Siegel, author of Stocks for the Long Run and The Future of Investors, holds forth on interest rates (the Fed held the line on interest rates as expected last week), the end of the commodities boom, the bursting of the housing bubble and other topics in this podcast (transcript available here). He is of the opinion that the U.S. economy will face a slowdown, not a recession and has a favourable outlook for U.S. equities:

I am still positive on the stock market, probably even more positive on the stock market given that I think that the Fed is done and that the interest rates are going to stay low. As I mentioned earlier the bottom line is that I don’t think that it is a recession. I think that profits are going to slow down definitely, but they are not going to take a sudden dive. So given what profits there are and the earnings forecast and these lower interest rates, stocks I think are at good value.