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Well that doesn't -- Ronald Reagan's point.
Markets go -- markets go down I don't know -- well you know art -- on the phone with me right now that was a question I remember throwing -- then the president after the 87 stock -- he was not lost.
In other words I'm not gonna get focused on their body movements I believe in the inherent and -- -- -- economy he was right the experts wrong.
What do you.
What do you think now with these gyrations a little door to them now -- it.
Oh I think these gyrations are exactly what Reagan should have said it would have said at this stage.
I mean that the market drop in 87 mile you'll remember with 500 points and a much smaller based.
It was just huge it was like a quarter of the Dow's value when the yet -- than it was right after Alan Greenspan were named head of the -- and it was the first real test of Greenspan's.
And and frankly I think break it was perfectly correct anger continues out of -- -- Incredible proportions -- -- today's stock market is also just look at gyrations.
And I think the economy looks much better than that of what -- have a long long time but nothing -- -- Rome you think there's a boom.
Well I don't know Bada boom but -- surely going to be appreciation in the market.
I think the economy -- leveled off and I think what politics in 2014.
There will be a boom.
-- not here now but.
You know speak to -- -- which -- the treasury I inflation protected securities GO.
Has risen about a hundred basis points this -- None of this rise in interest rates is due to inflation not -- that's right.
Very good news that the markets are expecting a much better rate of return over the next decade -- -- at bit and so celebrity plot.
OK -- and -- I would spending.
Drop on jump I got my friend has every Davis that would bring news but I wanna thank you art Laffer that was -- a quarter the -- today today 2% still hurts.
That's a difference.
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