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Packets right now and two guys I love both of these guys are fantastic they're gonna go head to head in a bull bear debate.
-- saying the bulls shot a lot of hits with money morning a Los Angeles.
And for the bears advance deeper in studio so damn we're gonna start with -- a -- then bears for a long time what's the bill.
Well the -- -- if you take the stock market out of this whole economy what's really doing well forget the stock market.
You -- manufacturing is bad employment this -- -- most unemployed since the sixties.
You get interest rates down to basically nothing.
And we have no inflation which is what they're trying to do we're going into a deflationary depression these are just -- early stage all we're going to have an inflationary the -- deflationary inflation deflation a little -- lumber is down the corn is down.
-- is -- down below three there it just doesn't make sense what's going on we should have taken -- by now the Federal Reserve's Frankenstein experiment.
Is just not working and working to become the next Japan it's inevitable before go to -- to your point and don't think you then they have to keep this Frankenstein experiment going because this is the worst thing that can happen to this economy deflation but here's the funny thing is.
If they do stop the economy's going to slow down so much.
But it will keep interest rates down my prediction we're gonna make a new low on the ten year treasury it's not over yet so the Fed can basically hand -- the low interest rate environment.
To -- deflationary depression.
I think that you know what we hit it to control the city more interest rates will stay down just by market forces alone and I think that's what kind of -- now seeing on the horizon.
You know -- -- always makes a fantastic academic argument for being bears and then I looked up and dials up 165 points what's the missing.
Well on the -- and academic sense site I agree with a lot of what you're saying but a fundamentally he's wrong not only the market proving that today.
The fact is that -- initial statement is that you cannot separate.
The market from reality in terms of the economy affected you have to separate if you look at the stock market is acting on its own is acting on behalf of the Fed doing its duty with the -- week.
It's rising on -- of rising earnings per share.
So those regular but inflated because the buybacks but still nonetheless when investors look at the markets they see rising prices and they wanna -- and.
You know -- there's a thing -- saw this week we just talked about Christopher banks saints ourselves up gap stores same stores sales were up this week Cracker Barrel.
Everyone's golf event to the chicken fried chicken and a country fried steak G.
III Apparel I mean as good a company.
That's just like this is close Calvin Klein coal -- stock was up 20% just on Wednesday alone.
Is that a good suddenly people are spending real money in driving -- profits now.
That is a good time I don't unlock things that market is and a bit -- here trials but I'm saying that fundamentally there are more buyers and -- and you have to continue to follow that trend if you if you faith that trend you're gonna get hurt -- and anybody who has been on the sidelines and operatives -- paid.
Anybody's tried to short this market on the way up has gotten hammered I think you have to ride -- -- until it turns help.
-- I mean that's something too I mean you know some -- stick to the guns then you know -- we called the fallacy of pride and ego.
You know that did this -- concept there's this -- and that's going through the economy and we're seeing that with this IRS issue we're seeing with government politics now.
People are becoming distrust -- the similar things happened the ancient Greeks which -- wrote about my book.
About this power that people think they have and that's usually the end of a great economy and we're seeing it today now -- 1920s.
We had the same experiment with the Federal Reserve it was a brand new entity they were trying to -- manipulate the economy the stock market 1928 rallied up.
And all this idea -- -- the roaring shortly that was one of the and I don't know why the -- you know what it was in 1920 the president said hey we're not gonna bail out companies.
They let the natural forces of an economy run and it worked.
And it was great right now this experiment this causing in 1928 bubble and it's about to explode OK got to be careful real quick so I gotta give you the last -- -- -- said.
I think you gotta be in it to win it -- to stay in the market as long -- the trend is up.
Well I think we'll all know when things are turning around it's time to get on that point -- what you've got to ride this -- all the way.
Ride this bad boy till it drops I hear you hey guys you're both -- fantastic appreciate it we'll do this -- -- and it was great OK okay.
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