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Feds’ Money Printing Hopes Fade

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  • Description

    Tres Knippa of Kenai Capital on the market pullback ahead of the Jackson Hole meeting.

  • Duration 1:51
  • Date

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Chicago is trait kind of with that kind of my capitol moment.

Right the Dow is down close on a hundred points does that mean you guys you -- is do not expect ban to be announcing any money printing tomorrow.

No actually I don't think that he's gonna announce any money printing and what I'd like to see is I would like to see Ben Bernanke take on the comments.

Ups of of senator.

But the senator from New York.

I've -- having a lumber of loss for words for such senator Chuck Schumer got on the seventeenth of July he said that Ben Bernanke should do more that the Federal Reserve should get to work.

I'm sorry this is a United States senator saying that the Fed should get to work by all means senator Schumer please speak up and tell us what the enormous contribution.

A the United States congress has been in expanding and expanding our economy and getting people back to work in the United States I think Ben Bernanke should tell senator Schumer to sit down and speak quiet and speak when spoken to -- addressing political point of view that Franken -- -- so you basically don't think that Ben is going to print more and he should not -- -- mall that you position.

Let's let's just say it this way if Ben Bernanke and the Federal Reserve had a magic want to fix the economy and expand growth don't you think the data probably used it by now I think this is just congress people trying to in and interject into the conversation.

Because they know that they are not doing their jobs and ultimately that the answer isn't the -- I'll bet you you think that Mario Draghi is gonna print a lot of euros I'll bet you believe he's gonna do that.

I have a sneaking suspicion he would if all you have is a hammer then everything looks like a nail yes.

Stricken at the -- a good today that was very very good stuff -- their -- sympathetic couldn't remember senator Schumer and am -- relevant.

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