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Well Fed Chairman Ben Bernanke signaled he would slow the printing presses at the economy continue to improve and that sent the markets spiraling downward.
President Reagan's former budget director David Stockman says that people shouldn't be surprised about the market.
People shouldn't be surprised this was predictable.
We have had essentially a lunatic monetary policy for the last five years really it's inevitable -- -- that out this massive bubble that's been inflated for five years of -- monetary expansion.
In money printing.
Will unwind and it's going to take everything down with it.
-- -- -- -- from and I capital management says not so fast.
He doesn't think Ben will tap on the brakes anytime soon.
Ben Bernanke said he will -- and back off the -- if he sees economic growth -- reach certain threshold.
I do not seen a growth story here where's all this economic growth we are still lagging behind.
So if that's the case simple logic if you don't read the growth estimates he's not -- back off.
And -- the markets are shaky there is still an asset that -- do you have.
The only thing that safe in the near term as this adjustment rolls through the system and its worldwide in its all classes of financial assets.
As it rolls through that system the only thing -- safe as cash.
Lot -- -- foxbusiness.com from in New York I'm Tracy Byrnes.
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