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And Keith FitzGerald now let's go back -- the stock market you know I saw a Barron's Magazine headlined two weeks ago sixteen with.
Thousand on the now want to use.
You know that's a very interesting headline I saw that too.
One of the big problems we have is that by the time something hits the front pages -- the back pages you know that's a contrarian indicator that everything is gonna end at least the way we know it remember it's the economy stupid or the oil crisis all -- signaled.
Conflicting news in the end of whatever bull market -- bear market was in effect at the time ten years ago but don't you get the feeling and we said this every day on the show from Monfils this market just wants to go -- that's the feeling I get from everybody wants to go off what are you said.
Well of course it does this -- that this this market is addicted to cheap money is what Bernanke wants to see what all the bankers want this is what our leaders want.
Let's just give everybody what they want this is like giving an alcoholic and of the drink and saying it'll -- you -- fear Stewart is because very blunt I think that everybody is now trying to get onto the train has left the station.
They're trying to squeeze that last bit of profit out.
Because one of these days -- he's gonna wake up and -- you know what guys.
Think I'm -- -- and that everything's gonna come apart the scenes because people there realize the emperor has no clothes and then they're gonna look at all the data that suggest.
The fundamentals are actually terrible to do you think he's gonna -- Ben Bernanke do you think he's gonna hit fairly soon.
That this -- got to wind down soon related you to eat when does he stop making those statements.
You know how.
I thought it would have made -- -- now frankly if Ben Bernanke were responsible and I don't think so disillusioned and those are very strong words I think he would have made those statements are ready but in fact he's continuing to pile on to this.
And lets you see how much we can squeeze the economy but it's really -- we spent trillions of dollars.
And the best we can do is a couple of percent growth I don't think the markets can sustain this -- I asked -- -- just a couple of minutes ago are you happy now that -- paying down some debt for the first time in his -- six years.
-- -- -- Well you know like everybody else I'll take it but I got to qualify what constitutes paying down what constitutes that you know where's the money actually going -- -- being used.
I find -- -- I don't believe in coincidences are leaders in Washington on both sides of the aisle.
Are terribly under pressure from the American public right now and I think this is a very convenient announcement to say hey we're doing the right thing you should keep us all -- office for a lot longer.
I'm very very skeptical as to how this is happening in the end like his said I'm gonna stop -- this every time here I think we've got to adjust that debt clock.
By my calculation we hit seventeen trillion not in the first week of September.
But now with will be the second week of September that's my back of the envelope calculation.
All right thanks very much indeed -- FitzGerald we will see you again soon appreciate it about.
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