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Also seeing the same reaction in Europe this morning London is down almost 160 points Paris down almost 100 Frankfurt's down.
More than 200 and let's take a closer look now what's moving those markets that bill -- -- chief economist at markets dot com over London bill chairman Bernanke -- some guide -- For the trimming of these bond purchases one of them is if unemployment gets below six point 5%.
Isn't that still a big if.
Very much so that is we saw last month I -- Which actually -- unemployment rate went from seven point -- -- seven point six because.
More people decide let's give jobs to chance and I think.
The US is seeing the same thing we seeing -- UK.
Unemployment rate is actually ought to seriously.
Better than it should be for the simple fact is people are holding on -- jobs we've seen a number of what you -- -- call mom and pop industries I can senior people executive type people opening up you know many operations.
Basically people -- just want to have any jobs when you will -- the global economy start to improve and I'm really quite confused about it because the market basically.
Was expecting what he told us yesterday -- could begin in September December.
But but as this I guess I -- just confuses everybody else if he was concerned about the bubble was she in the bubble -- -- equities the bubble exploded by and it.
-- -- off fifty bucks the last time I locked.
And in bill you know shifting gears -- looking at Europe yet PMI services and manufacturing those came in better than expected and ahead of the previous month.
How should investors be playing you know -- sort of contrasting the news that they get out of Bernanke in the US the obvious negative reaction to that.
To this sort of positive information that's coming their way.
Well I guess my feeling years is it the simple fact is he's -- not.
They made paper but did not.
Not really gonna do any major stock buying in the in the treasury market under the treasury ten year back up to 2.4 percent the highest in what.
1418 months or something like that but my -- it with inflation probably -- record lows here right now.
Our -- in investor and I think the public Tsotsi in this.
I could see the treasury ten year 81 and three quarters.
Much sooner than than 3% I think that's one of the things we gonna Tsotsi went went with the people get scared get upset except except.
Look for money -- -- moving into the bond markets.
And especially the treasury market also you also looking for dollar the dollar structure when he got the biggest -- -- carry -- except for so that should be positive for the dollar and I also feel extremely positive for.
Gilts -- and especially the treasuries near term not -- near term maybe the next ninety days.
Bill -- -- markets sat calmly.
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