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Capital chairman of former PaineWebber boss on -- You know says look we've got -- the global in nature here and as we crisscross.
Over the globe but it does -- pretty -- what what event.
You're a hell of an anchor that that half game back after that doesn't mean you get to stay in the owner's life.
They can learn two things out of this first of all you think that at least the Fed believes the economy is getting strong there.
That's the key thing here and secondly the fact that the markets are very nervous.
That's the broad sense of what's going -- I take this is a very positive side Bernanke wouldn't say this or think this or plan to do it if he wasn't seeing numbers of suggest economy's getting better.
I think for two -- and consumers are spending and saving more intelligently.
Businessman who's -- running businesses much better we're gonna have modest growth but probably growth it's a little bigger than people expect as has been the actually -- -- it was but the world markets including ours interpreted as bad news because we've gotten fixed on -- -- Well we've had an artificial economy for the last three years.
He saved the economy we save the economy now he's the presence of managing the economy if you look at that second part managing in a way as a lot harder than saving because you can.
Do various different things rather one thing.
So the market feels uncertain about this.
Natural for to be uncertain in the risk off -- on world that we have when they're not sure they stop everything that's the fundamental thing.
You're rounder in the 87 mark our -- -- and crash sets and major -- down the phones each week a group.
Before and after that we what do you watch -- or something that overly.
Overstays its welcome in other words that disordered.
Keeps going on and on.
Well first you you revisit all your -- to -- if you've missed something.
-- the economy getting better yet are -- gonna work better -- look at -- -- this artificial economy interest rates -- totally out of -- they're killing all kinds of investors started with retirees and things.
So how long it lasted how much.
How long it takes for all of these people to look a little further into the numbers and come up with something that satisfies -- release of making.
That okay that's your answer their question on how high should interest rates really big some say if the Fed -- to just quit.
You know riding the apron strings -- -- that that may need -- they wouldn't be that dramatically higher anyway.
I think we're ready to give the economy a chance to operate -- so that's what I heard.
I don't Bernanke staying there with the safety -- maybe it's a little smaller maybe it's -- lower down but staying with that in case things -- right.
So let's say we get right to them and China does not get right or that there in the middle of imploding as some fear.
Well that's stretch I think are then we get word to -- -- -- nafta's gonna cool and on loans -- -- you know how -- this here's.
We got a global contagion -- The US though -- benefit right because we don't look as.
It's contagious absolutely and we look like we're solid there that we thought it through and we have a mechanism in place -- to make it better now.
And devastation that if it goes worse than we've got in the hands of Smart people who got a lot of numbers -- a lot of experience story which may be an argument to really think hard about that.
The idea of changing that the management midstream -- it.
Don -- have been through many bull and bear market since you my friend you're not -- but I think I -- just.
Thank you very very much -- we -- a --
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