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The climate -- he is with us today in new you all fellow brits still -- royal baby watch I know -- -- it -- -- if -- -- -- But municipal bonds we've got a bankruptcy of Detroit.
Is it possible that the -- spread to other cities.
And the people become reluctant to lend to other cities money for municipal bonds and -- municipal bond prices come down you see that happening.
When I think uncertainty.
Makes prices go down and the Stephanie going to be uncertainty because this but I think everybody need big truck -- -- go bust.
I think everybody knows how they called light in the market so -- is already priced in is what happens next is look what happened yesterday what happens tomorrow because that's all in a -- -- Is it -- I'll -- that support business do you think there -- even a remote possibility that the president would bail out the the -- -- in Detroit and he he did what happens elsewhere.
-- an attitude but to be very difficult for him not take.
I mean he's a pension is off to rule.
So if he doesn't it but if Detroit is not too big to fail why these banks too big to fail so you know it's a -- -- thinking about.
It feels like historical movement where city to -- with -- back into the into the desert -- that Detroit is that's going away from it.
So you'd think there is a chance that -- do it.
The chance remote very difficult for him not to he's gonna he's gonna make enemies anywhere returns.
All right move on to stocks because guys like you you can put your money anyway allied bombs municipal bonds stalks you into stocks big time DC down 161000.
Absolutely -- affect our our our wrote an awful awful good about -- months ago saying just back and they told me off because it's it can't happen.
That but it -- it that's a British expression they told me off that means that took to task that went like all of Europe.
You what are you talking about but -- then and here it is and you know -- I gotta be weak for a long time and if you got money -- you go to visit somewhere we get them into the middle to remove them until I could count on you you've got to go into equities.
That's gonna -- -- -- discuss the 800 -- two of the bombs.
Is it a bad market so you've got to take your money out put it somewhere else and that is that it is -- -- you're shaking your head when we were talking about Microsoft and Google you know like on -- -- well Google is is today's marks -- from the pos ever gonna be suing them every government that front center is going to be -- in the EU sing them.
And -- -- got away with it in the -- in the US but -- now the big company which -- pointing a finger -- -- you'll monopolies.
How can you do that stopped doing that you'll have some -- cheating just by the -- to Microsoft back in 9897.
Duke who is now.
That company so that got to be written that never never mix up the governments to smile was bright cute and that -- -- respect.
Clint China's mechanized sound like the BBC right here on the file taxes that we have -- thank you very much anytime we appreciate it -- -- thank you so.
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