doing. the key issue is to reconcile these things by having the fundamentals melt up to where the financial markets are. >> what happens when the fed stops all the -- takes the training wheels off the economy, if you will? >> depends why. if it takes the training wheel off the economy because the economy has gotten to escape velocity, there will be minor disruptions in the markets. overall, not going to be a big issue. if it takes the training wheel off because the training wheels aren't working any more because the fed has become increasingly ineffective, then we have a problem. >> i have to go back to austin goldsbee. 15,000 on the dow jones industrial average. jobs report, 165,000 jobs created. the white house has to be careful here. they don't want to sound too confident on the economy in case things go south, but there still are a lot of people out of work.

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