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Where's the beef.
That's what they've endorsed wants to know when it comes to Greece and any kind of deal in Europe David is the chief investment strategist with Morgan Stanley Smith Barney.
The last hour of trading house and a first on Fox Business -- -- -- a trillion in assets under management I'm sure you'd love to know because.
These headlines is Ashley Webster said -- giant radar markets.
Greece wants to.
Basically muddle through and kick the can down the road.
Both of the Angela Merkel and Sarkozy want.
If they can't to put it past the elections Sarkozy is up for election next year there's big German elections next year also even our own president President Obama.
They love this problem to basically be beyond.
But it's come here and now the markets have forced the issue.
What in leaves tomorrow -- that Italy is tomorrow Italy's bond yields we can talk about that later in the show but it -- those are -- registering -- -- child's temperature.
Of a 105 degrees you've got to basically intervene.
And do have some emergency measures.
It they they have one point eight trillion euros outstanding they have to refinance 300 billion.
Each of the next three years they have to raise as much as Greece has now but -- 36.
And Ben Willis on the floor -- -- New York Stock Exchange saying our markets are taking it in -- I'm just wondering if they will tomorrow when you start to see fights on the floor but Italian Bachmann well that's right well the bank stocks which I -- have always said TUR the bodyguards -- the market and they're down 24% the markets flat for the year now.
-- have that Big Ten point 6% rise for October.
November's given back a little bit.
But the bank stocks had not acted well and they are one of the front line exposures.
Through contagion through.
The the -- into connections between the US financial system and the European financial system.
So I don't think we can be too I salute stake.
I should -- isolationist steak or fortress America here and think that all of our problems.
Will not their problems will not affect us they will list you have just come out with a proprietary report on China.
Please give me a favor share for free with our viewers what you really learned about investing in China three things China's doing three things they -- start with the letter T they're tightening now this Wednesday he'll be reporting it here they have the CPI index.
It was a six point seven consideration if -- December consumer part.
Consumer price -- it it was six point 7% mid year than six for the latest one was 61 and we're expecting this one that comes now.
On this Wednesday to be five point 84 and less.
That would be continues slide downward so they're tightening they've had high interest rates they've been raising bank reserve requirements you'll be able to take your foot.
Off the -- that would be a good thing for the world economy they can continue to buy things you like second there we we like investing in China it's one of our top three year for emerging markets second thing.
They're transitioning they're gonna have a new big boss over -- 2012 G Asian -- and finally they're testing the limits.
Of their financial strength.
Of their geo political strength of the military strength and of their site restraint.
Now let's call hacking into our system -- -- may be not just alleged David as.