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-- still calls -- all good.
So why is Mike saying take a hike because portfolio strategist -- -- does as inflation is coming that's why and no matter the good economic news now.
The far more depressing issue is the bad prices news to com.
Those prices are going up and might says quite a bit -- -- -- -- -- -- what do you see happening.
OK so let's just look at the misery index which is trading at thirteen.
That is a 28 at a Missouri horizon if I definitely usually unemployment.
Just the just as some of the inflation and unemployment rate.
And if we accurately accounted for inflation.
By the way the government says it's up three point 9% year over year actually much higher than that.
Then it would be at an all time high.
OK so we have a lot of problems here in this country and the inflation just -- beginning you know.
Then to rule out he is -- Federal Reserve board -- governor.
Said that we actually -- gonna launch another round of counterfeiting.
We're gonna have QE3 we're gonna buy mortgage backed securities ECB is bailing out Greece supposedly.
And the middle class in Europe the middle class the United States is getting flushed down the toilet.
How can -- be upbeat about that.
The -- the professionals say not that your -- -- our investments at the but the professionals as well you know we don't know what might look at that because inflation.
Generally is not a big deal interest rates is still very low on so in this environment.
He's just plain wrong when he sent.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- I just gave me in the coming years I didn't I -- you're treating me like you treat these other people I would tell ruthlessly I absolutely -- -- well lack right now with tough love are good morning I just.
I just -- like -- I just came from interviewing some people down that Occupy Wall Street they really need to be occupying the Federal Reserve.
And this government.
This is this governments is running want a one point three trillion dollar.
Better sense -- where do you see interest rates going as a -- your creditors of flights and by the way -- -- -- time to work as I see the same thing which should thank you run they have a right.
But but but but would it be Carter hyperinflation double digit rates what -- you look at.
Well you know Nixon imposed wage and price controls and we had 4% were already there you know let's look at the poor forgotten middle class.
They have their real median incomes.
In the last four years you can't have a healthy economy without a healthy middle class okay.
We need to do everything we can to support.
The middle class in this country and we are killing them with inflation.
And this is never ending an actionable inflation.
As I said QE3 is coming up.
But around the corner -- and every time you do that -- destroy the purchasing power of the middle class well put Michael always could see it thank you very much.
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