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Hidden behind -- in his with a -- now CEO at Greenwich wealth management.
Alan Grant I presume Bonaventure -- best when hundreds and so before we get your picks and step we think about the way this markets acting lately.
Possibly can be very nervous.
Fun and nervous about the market for a while -- -- -- -- now we have had.
From September -- was very nice in my opinion it was largely on just a point.
Because we still have a very serious economic problem so it doesn't surprise me at the Marcus pulling back and I would expect it too long to come down -- the burden.
I tend to agree with you -- map you know the Fed came out with -- statement the other day and it basically said there's no signs of this economy recovering anytime soon and we're not really sure what else to do.
Still -- you know -- that's me that uncertainties real part of the reason why we're down.
You know whats right all of the friends and -- -- when you read their statement it was actually quite humorous and I thought it was off.
It was interesting -- though I'm very -- came out those comments and you know its sound to you what very troubled that things are really much worse than.
Did everybody thought -- actually have some comments along blog about all the good students along.
Well I think if that was basically trying to tell us without actually saying hit it real words.
This economy still -- I -- seemed to eating you know I'd almost like it was it was as if he said that you sat there and you know was dumbfounded that we spent.
Probably three trillion dollars if you take -- back to when secretary Hank Paulson asked her.
The 800 billion that he asked for back into destiny if you added all the -- AIG.
You name -- stimulus plan.
What Bryant three trillion dollars and that you know the -- says -- -- -- his sentencing act Kimberly none of -- worked.
Now look what -- got us right inside GDP grew -- less than 2% and unemployment rate or overnight person so it certainly hasn't worked.
-- and I think we would have been much better off doing all other things such as significantly simplifying our tax code.
-- reducing the rates especially on corporations and giving them the incentive to.
To invest and hire more people I think I would have been a much more far productive way you know Boston you -- you -- -- dabbling in that housing market again you know we keep hearing that they're coming up with like yet another housing stimulus.
That didn't work either housing the housing market though I really think he's the Bane of our existence right now because no one.
-- can allow it to get out of its own way.
Well you know housing is interesting because I think there's a real shift going on here noise in your thinking about how you know I remember many years ago -- what we idea on the boss.
On everybody was talking about -- housing is a great investment it's the American dream.
Like today a lot of younger people -- have have a different point of view that we've seen what's happened.
When you lose your job.
Pumping cancel your house.
In the -- you could sell your house moved to another part of the country ahead and pick up another job fairly quickly.
These days they canceled or -- also a lot of younger people are saying you know what I'll do I want to take that risk.
I would rather rent.
The other issue that's going on is that there really isn't a lot of household formation -- -- -- demand for housing using these -- rising.
A lot of people are.
Doing things like you know younger people are graduating from college and moving back.
You know what their parents in the past in regard it would get a job bomb someplace else and then there would be.
Additional demand marine colonel her apartment or in a warehouse that isn't happening right now because there -- a lot of household formation.
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