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In focus tonight how to make money from the disarray in Washington you don't just have to be depressed about it.
Federal Reserve board chairman Ben Bernanke was back on Capitol Hill today the market's betting that more stimulus is on the way but the question is.
What will -- and when will it be in the way my next guest says you can make money from an -- -- calls the CEO -- financial.
It was interesting because Ben Bernanke had been like that last hold out -- line.
The economy even upbeat you know it's growing it's expanding and then yesterday it was like her and none of that.
We -- cutter he's -- behind now basically saying well.
The biggest things he's funny words move there from modest to moderate data in new word in the -- to meet at the same thing isn't it I don't try to examine what now.
They're basing all -- -- what he does now agree that.
That the economy is -- it's still growing I mean I'll give -- that it is drilling for slot we're going at a much slower pace every quarter which is very troubling.
And in the past few -- on seasonality there's always something and -- not.
Now it is nothing left to blame -- -- so he's finally come out and said.
Okay the economy slowing and what that does trades opened up the door for a possibility.
Of more quantitative easing so I think that by setting -- Following and when this is gonna happen is gonna happen before the election.
I think it has happened pre election because it doesn't happen for election of one hurts the incumbent which hired mr.
-- -- -- with mr.
Bernanke right now basically his boss -- -- -- United States up and I can't believe it's leaving Anthony that anyone ago.
I don't think he wants to go I mean nobody wants to leave leave I mean I I.
He doesn't want to leave because he's an ego as big as most people do Washington if he -- now before his job is done.
He'll be known as -- in the worst fed chairman's ever he does not want that to happen he wants -- RE distinct look don't get to what you do about all of this is it's not just it's not just this issue that add add QE3 which you believe will happen and it's good thing to play.
But it's also tax and again that's also the idea that the bush tax cuts expire at the end of the year and anything can happen the Democrats are talking about letting them all expire.
How do you play this -- near your clients about this well -- so I think that's the moment when -- it's gonna happen.
There's immediate the end of July there's one in September I think of one of those two meetings is -- announce a quantitative easing so I think within the next couple of months you will see it happen.
The last when did nothing my friends show are you expecting a lot of impact from that I do the Operation Twist the first time it came out those kind of QE2 and a half -- what they called as if that that had a little effect on the market to go all about the quantitative easing one into it did help the market.
The market next six months as the market being stocks stocks -- that really help the economy what I was gonna say OK so hit -- stocks go up but what about unemployment what about regular people going to the grocery -- they're not getting -- -- at zero whatsoever it has zero effect won't turn this is terrible -- it -- I don't agree with that at all I think quantitative easing shouldn't happen.
But need to make money -- my clients are people out there watching that our investors want to take advantage of it guess if you believe that it's going to happen like I believe -- gonna have quantitative easing three you wanna be in stocks.
-- history has shown that -- And the stock market will rally after the Fed comes out about stock idea.
I bought Starbucks yesterday and we'll figure -- out as I bought Starbucks has different clients I think I like this because they're now serving -- is some others -- -- It's a desperation ploy I mean they're doing this because they're having a heck of a time growing.
Their results are earnings your bottom -- that yes they did because they cut some stores -- -- -- performing but in my neighborhood every quarter has Starbucks I mean is always -- they know we might -- like that.
I don't know how I sit there and talk -- the morning as far as yeah.
Why do I would never leave that would be you know what's interesting I was sick about this yesterday the people who are waiting for the really expensive drinks has the people who -- do not care about their finances you know they're spending five bucks every day and company if they are one -- -- I didn't really I mean I told a look at fed cut -- Starbucks -- -- -- could be at the end of the year.
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