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Does Wall Street Need More Quantitative Easing?
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Keith Fitz-Gerald of Money Map Press argues that the markets are waiting for more stimulus.
- Duration 3:09
- Date Jun 19, 2012
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Keith Fitz-Gerald of Money Map Press argues that the markets are waiting for more stimulus.
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-- whole lot of nothing.
It is what will Wall Street's waiting for in particular news from Ben will he prints more money the Fed meets today and tomorrow.
-- the company from Portland Oregon is Keith FitzGerald with money map press -- case.
What happens if Ben doesn't print any money makes no such announcement and the Germans don't agree to let Europe print any money.
What happens.
All the spoiled children pick up their toys and leave the sandbox it's very simple at this point.
That means the stock market goes sharply down is that right.
Well I think.
For a short period of time but at this point time which really driving things as this expectation.
Of stimulus now weathered occurs immediately -- little bit down the road I don't know that's up to helicopter -- to decide.
But -- important thing to remember is that the markets are very clearly addicted to it the last three stimulus programs.
We have seen gains that 80% 33% and 29%.
Which means that investors need to be planning for the conclusion of this rightly or wrongly and that's printing money.
And the can yet at the conclusion is that the Fed Ben is gonna print some money either now or in the near future but he's gonna -- that's that's the conclusion everybody's expecting.
And you think the market will go up when that conclusion is finally arrived prime.
Yes I do to -- now before -- ago will Microsoft's tablet be a game change.
Yeah that's interesting question is certainly gonna change the game it seems to me -- somebody up in Redmond -- -- to my left because that's where it is is got a bad case of apple and the if they're gonna disturb -- cash cal model.
-- get into manufacturing somebody up there either knows something more taken -- incredible risk whether or not this thing actually produce his bottom line revenue remains to be seen.
But some.
It is an interesting development isn't it I mean this is a pure software company -- almost pure at least and suddenly.
There in the manufacturing business.
Without -- this directly competing against one of the most successful computer products -- put on the market.
Namely the iPad from apple and here they come -- -- that backing it full tilt and away we go.
It is a very interesting development from a company the size and scope and scale of Microsoft.
Yes this is very clearly departure from strategy either me two or it's going to be one of the most insightful marketing breakthroughs we've ever seen -- history computing.
Time is gonna tell which.
Well and again I have to ask would you -- -- Microsoft.
No I still don't know Microsoft my family owns it but I don't -- -- yet I I'm I'm not convinced that this is the breakthrough do you -- Morgan mass.
I do not own apple at the present time either we as you know shorted it awhile back -- do you own Amazon.
Yes my family owns Amazon actually.
So finally was found something that's just the fifty actually I don't think you can think real.
Real products produce real revenue Amazon has real revenue in legions of customers that produce it.
Apple is technology I think it's overpriced Microsoft to technology it wants to be in manufacturing is got an identity crisis so you're -- in the middle you and Amazon I understand you I think I got you.
-- -- case always a pleasure thanks so much indeed now.