Also in this playlist...
This transcript is automatically generated
All but a few fed officials say they want to keep the 85 billion dollar -- Bond purchase program going at least through mid year this year I thought end of year in the Euro.
That according to minutes released from the central bank's policy meeting last month joining us now to divine what's going -- -- the Fed is on economic outlook.
One of the country's most thoughtful provocative political and economic -- I'm talking about.
George -- Author of the bestselling book well good to have you with it's great to be here.
Well everybody has trying to sell bonds and various other quarters we we kind of like the what but the truth and see where it leads us over here.
What we're watching an unprecedented rally here this year to date are.
You know what we got a whole economy's -- to favor of the government.
And the big companies and the crony capitalists that's.
Infinite loop of free money where only the powerful and privileged get any.
But if those individual retail investors wanted to get in there because of their missing for a huge rally here -- march of 2009 this has been unbelievable well at flight employment.
Yet what will.
Laura unemployment by shrinking workforce we get higher stock prices by shrinking number of shares.
That's you know that's a friend we need to focus on.
Because I don't think anyone is paying much attention to him and that is.
The number of issues are shrinking quite literally now.
And -- and that in itself is giving this market a lift -- if it needed anymore -- What what do you think -- big companies that operate around the world are have and I -- but.
Economy is and paralysis today they're virtually no IPOs and and it's.
The venture capital field that is stalled defied by.
The search for subsidies for.
Losing green projects that it's really -- these green projects.
I'm just about sick of but I think most Americans are.
You know if I hear about one more razzle dazzle idea about a battery car and I -- Dan.
You know it's nauseating.
And there has to be more innovative energy in this economy them back now and -- in half billion dollar loan guarantees from the government.
That's absolutely right but they're they're huge opportunities and I think -- we get through this slog.
We're gonna find the world economy opening before us with capitalism thriving in Eastern Europe -- in Russia and Russia and now has a flat tax and more billionaires the New York.
And while they're coming over it -- it.
We've got to be fair about the you probably all the guards in Russia.
They had it and extraordinary -- -- help in achieving their their wonders riches did.
The Russians have shown the route to double length.
Government revenues by enacting a 13%.
Flat tax and their flat taxes all over Eastern Europe and and no we now have.
We have the less entrepreneurial and capitalist system today we -- a bunch of turnovers but -- less entrepreneurial and capitalist system that make.
Former Communist world.
As as we look at the this this economy right now -- it seems so difficult.
To jumpstart growth.
-- did increase the labor force participation rate to create jobs for 23 million people who desperately need that.
We have a president who doesn't even talked about a level alone do anything to encourage it aligning interest are -- -- -- -- the creation of those jobs this is.
You talked about a spoke to five and -- sector in this and entrepreneurial sector in this country.
Nothing could be -- -- -- that our nation's leadership.
That's right that's -- doing it that it's bad policy.
So if you change policy can transform.
Economy -- that is possible and that's why I think that we have very good.
Prospects in America they're just now -- install modified by appalling federal policy.
Appalling federal policy these markets your outlook very -- room where is -- proper time.
Your outlook on these markets for the remainder of the year.
I've had not the slightest -- If I don't -- they -- they try drinking this shrinking IPOs in the shrinking.
May lead to -- kind of sickly.
Increase in capital markets that.
-- look to the entrepreneurial economy and over the long run that is going to save us all right George you know there's always great to see you thanks for being here great to be -- --
Filter by section