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Bedford Oak Advisors CEO Harvey Eisen on the Fed’s decision to not take any action and what the European Central Bank will take any steps to boost t...
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Joining me now Harvey Eisen chairman and CEO of Bedford oak advisors great -- have you with us.
We have we have.
A lot of investors upset that Bernanke did walk out of amounts of QE3 four and five simultaneously and and say your rate up.
Parties off what do you make of having left the door open so that if he wants to do what he can just like he did with the Jackson Hole.
And I think he really knows there's Roy and have a heck of a lot -- can -- That seems to be the consensus view here.
Yes oh we're in trouble as well that's -- -- restructure her the truth the just the possibility that.
The this fed does have the ability to still generate a lot of money and inject up into the financial system whether -- wise I'm not suggesting.
But I'm just suggesting that there does seem to be substantive.
Possibility you -- remaining within the control of the broad term.
You have a problem is the facts don't justified because interest rates have never.
Ever been -- Hand what it's a good bill is gonna make a lower.
What what we've got Operation Twist still underway and other forms of 267.
Billion running out to the end of the year well don't we all feel better as a result but it never -- -- Before -- -- work this.
And -- we are also confronting in this economy.
Diminishing both expectations and real returns -- we look at these earnings.
There's still.
-- But it -- -- -- -- fact they're up against diminished expectations adjusted our expectations.
What what -- your parts.
Number one earnings have come in exactly issues.
But people on talk about the revenues that it disappointed.
And next quarter if he.
Experts are correct.
You can have your first down quarter corporate earnings in -- what.
I mean whether it's a recession or.
It is its lowest level policy is porous recovery.
That you and I've been briefed -- And -- where it's been long long long time.
-- -- probable south of about.
Tomorrow the the European central -- Mario Draghi has talked big.
Do you expect actually the ECB to do anything do you expect the Euro -- to do much and if so do you expect there would be any lift to US markets.
It and it they feel like when I was a kid in The Who -- -- been expecting them to do something soul.
That I would be just blown away if they actually that something but they.
Betty they're planning I mean they have to do something but they just don't seem to get around -- -- And the Germans seem to be stubborn.
In and the fact that they are wealthy their neighbors are poor and that they.
And are -- paper and new -- On the neighbor's house while I have a non business -- on the insurance I think they won the war.
Well armed and -- without firing a shot.
Well the fact of the matter is there their -- their acting as that they control Europe and some would say acting they didn't.
They do away in what do you expect predisposition to generosity are they going to I have -- -- -- importer.
More.
BS coming out people between this country and that can.
I've never never do anything bad.
You know simple being and we all know the answers and they don't do it made peace will be surprised more -- -- and they -- do it if they do.
If it will who just this one last march if they do in the impact -- US more -- up.
Dramatic.
A significantly.
But what -- on them guys sit.
Eight the market would I don't appears with Harvey Eisenberg -- -- and -- -- Lou we're trading range.
Everybody is now focused on the election.
The earnings we've gotten through hearings slowed it talent slow Europe -- And the recession we are in two years ago China's going in -- is going -- affect.
A change in leadership enough to spark a revitalization of the economy you.
I have to -- getting off our earth it's clear that no but I'm sure that if -- happens they'll take credit for.
That would be so on while politicians like -- RBIs and thank you very much for being here I knew the real god -- here.
RBIs and that provoked advises.
