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So forget about getting your credit rating downgraded.
And make -- sure that your economy is not because that hurts a lot more and you -- group level Morgan Stanley Bank of America.
Among those curbing their GDP estimates -- this country.
The damage far more severe for the markets and -- -- in the united done.
When it loaded triple -- rating for this country and I don't know that means the banks -- Jews and as a B does not.
I do know that it's pretty clear this country is losing Jews and investors sell on all that.
Something that this next gentlemen predicted and continues predicting former UBS -- Obama joining me on the phone -- Joseph found.
I guess is -- downgrade follows up but that is where the economy.
On what you have been forecasting.
What's your -- now for for where you see this country going.
Well first of all I -- I -- wrong you know.
This is really being -- -- -- electric confidential that He needed divorce.
The United States and Europe -- -- -- we're not going to be impervious with their problems.
What this global lack of leadership you have the two leaders of the two largest economies in Europe.
-- to address the issues they walk out of the meeting.
With nothing more then a jawbone to placebo saying that we have to coordinate more they should have never had the meeting.
And and our country are precedents and -- and no one is addressing the structural issues.
On either side and coming up with solutions.
That it's much worse -- any downgrade.
So EU -- these markets from many year op I'm wondering.
Who is leading home to go I mean is that the markets leading.
The discusses the economy and our leaders who are the leaders and the discuss of them leading the markets.
Well look -- most people believe that the markets are we six months ahead of reality.
And and that's pretty.
Much held true throughout my career but look I think the point is -- -- 45%.
Shot of going into a double dip but obviously it reflects the pipeline.
Let's just have -- slow growth scenario I kind of agreed Mr.
-- to a degree.
Our banks -- in better shape than they were five years ago government tree because -- -- for overstated.
But I think the issue is that.
This will be directly attributable.
To our leaders I mean congress as well as the president.
If they don't get off their butt and start coming up with solutions they will drive this country into recession.
But they don't they don't get over but unless they meet at that ice cream place in Martha's Vineyard.
There and I don't they don't do it NN and and I'm wondering on what happens in that.
That I am very hopeful that the electorate.
Of this country put in a third party.
Who represents the -- of middle.
And comes up with pragmatic solutions I'd like to see would you change if they don't do the right thing.
Alright well is there enough time for that kind of phenomena that happen.
That's what it's well the resistance -- development.
If if this situation gets worst.
I think you're gonna see civil unrest growing in Europe that I don't see an electorate in this country that certain amount some of and somebody -- -- To get this thing.
-- but another resisting a pox on Republicans and Democrats I think a third party is what's gonna happen to cut off the funds.
It's Francis and it like it is just a good seeing him.
I'll have a good rented and I guess a joke pan up OK only tells it like it is doesn't it alright -- back.
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