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That it will be Ben might -- -- money the market does not like to hear that joining us now from Chicago with the reform -- And current radio -- that will be Carol raw by Carol.
I got this rights that couple fed governors show that the Fed is split on whether or not we should continue printing money and down goes everything.
I want to infer from that the without a lot of money printing this market head south big time.
You are a 100% as usual -- -- been saying for months and months and months that there isn't a strong foundation behind this market it's been built on fed printing.
And it's been built on financial engineering we've been getting company that have been increasing their earnings.
Based on cutting overhead and doing share buybacks there hasn't been a huge growth -- revenue.
We need these companies to take the money.
Off of their balance sheet investing growth hire people -- we can get revenue growth that will grow GDP that will put.
Consumer confidence back in -- play spending and that will create a real foundation of.
For the market -- we keep tossing around an expression.
You think we're in a new normal for America's economy that we're very very slow rate of growth.
Modest profitability by now corporations but the accumulation of massive debt is is back.
The new normal the we can look to forward to for years and years to come.
Well I think it may be new but it seems kind of crazy not normal by any means to -- -- I think if the market is going to go up if the the economy is going to continue to grow -- you need some sort of -- catalyst I don't think that we can stay in limbo land forever I think that that the market wants to go one way or another.
Sluggish growth perhaps in the -- -- but at some point in time something's gotta give.
-- all right cal want to bring your attention.
The to Jon -- he's you know abuse in futures trader.
Made a mess in Chicago.
But before we get to discuss -- John and a possible lifetime -- a way to watch this sound -- from Joseph Biden who really like jungles.
Littered the first guy I called it was Jon Corzine.
Not a joke.
Not a joke.
Its first noises smartest guy that I know.
It could be banned -- life from futures trading what do you side.
Well I have to say -- for me provide his perspective somebody can be highly intelligent from an intellectual perspective it also be morally bankrupt I'm not sure that those.
Are mutually exclusive Stuart.
I think the bigger question for me around all of that I'm glad that they're putting him up for a ban.
But I don't understand why he wasn't prosecuted.
The house oversight committee said that he was responsible for that and we -- -- so much distrust of what's been going on Wall Street from the people on main street I think -- made a big mistake in not prosecuting -- so he may he may be the the the smartest guy but he's obviously.
Well not quite clever when it comes to the moral issues here on nice to put Carolina on that message yet but -- diplomats expect.
Tell -- everyone thank you very much indeed was Yelena the.
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