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FBN’s Stuart Varney argues that Europe will begin to print money to help boost the faltering economies.
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-- So.
I am so very lucky to have here with me right now.
Mr.
store market and we just talked about possibly everything -- decided -- -- -- -- commercial break.
Did DO with politics and the stock market with the the broader market is.
Near a four year high yeah.
What -- story -- forty -- America.
Thirteen month high in Europe of all places that I think is that the bottom line here is Mario Draghi in Europe is expected to print off.
Trillions of euros.
Ben Bernanke in America is expected to print up billions hundreds of billions of dollars they're -- to print money so the market thinks.
Some of that money will find its way into the stock market in Europe and -- -- a North America.
Hence prices rise if you look at the economic fundamentals of the profitability.
Of American and European Contra -- it doesn't -- I mean they're not doing very well.
But if you print up a storm may be the market goes up -- I don't want to sound like a warrior war but I am I look at looking at the volume of money.
That.
-- central banks around the world have pumped into the economy in the last several years.
Like nothing's ever free and at some point.
We're gonna and -- -- you really seeing it with oil being at such an elevated price but at what point do we really start having to.
Take our medicine.
Sellers yet looked classic theory is you print a lot of money and eventually you'll get inflation.
So far we've really not gotten inflation except in basic commodities.
The real result of all this money printing in America has been the decline of the US dollars.
We've been held because the European Euro has gone down arms but but -- should be of it.
Should be all things being equal should be much lower yes yes yes -- should yet.
But the with the dollar going down that's what oil and gold the principal barometers.
Of the marketplace that's why they are up.
We but we haven't got consumer price inflation yet so the theory is that will get -- in the end but we haven't gotten it yet but I do believe.
The Europeans are gonna print we will probably print some more not sure about that will probably will.
And we'll take our medicine down the road so to speak.
I don't I'm not happy about that day but now I can I can attached Federal Reserve policy to the presidential election -- -- if Ben Bernanke and company come out and say.
That they are going to take additional steps.
It becomes of a very tricky situation for the Central Bank because you're right in the throes.
Of the presidential election show.
But -- but I think the election.
Will make as big a difference to the markets -- the markets as has the printing of money by the Europeans and Americans.
If this is -- what I think it is a pivotal election.
And the Republicans take the senate and the Republicans take the White House.
Now back sets up a -- -- shipped a huge market shift because it will signal.
Would not gonna have tax increases we may well get entitlement reform and that -- deficit control in the long term.
Will would vote on a more fiscally sound -- and I think that we'll have a significant impact in the markets -- up about a say.
It's going to be a big rally or big selloff because I don't know you an -- to speak quite what you gonna get.
But -- election result is as big a deal as printing that a lot of money and printing -- a lot of money is profound and much.
-- can't wait to see you later this morning.
Barney cut off -- every morning yeah and 9:15 this morning restaurant on now.
