it doesn t bother me that analysts come on and say we have a rating on this and this is why i look it. but it should come out with a consumer warning. stars, the big get in your world are the corporate chiefs and you have interviewed everyone on the planet. how important, it is zuckerberg or jamie dimon, how important is television exposures? as important as ever. today, investors are scrutinizing everything. they went to know the customer and who they invest in. having the c.e.o. or bernanke come out and say, here is why we did all the stimulation of the economy, giving the investor more perspective and analysis to make their own decision. it is very important for the c.e.o. chairman and am
i think that need to explain to people you protect yourself. like insurance. to what you were saying about the federal reserve and stimulus a lot of people said last year s heavy advances were sort of built on air. do you buy that? yes, i do. i think that a lot of the heavy advances, it s like having a patient and you re giving a patient a new kind of medicine and nobody, including and i think bernanke, did a great job, by the way, i m not faulting bernanke. i think he saved the country. but right now, i think this whole injection of capital is like giving somebody sort of like heroin and you don t know what it s gonna do to them. it s a new medicine, maybe not heroin, but new medicine, so much money being pushed in and it all relates to one thing, i think that the credibility of the american dollar. i mean, you think about t dollar s a piece of paper. people give you food all over the world for it. people give you clothing. people give you technology for it. what happens i
ago when the unemployment rate gets to 6.5% they ll start thinking about raising the interest rate, which, of course, has been around zero for like four or five years. i don t think they re going to stick to that because they know that the unemployment rate is biased down by this labor force exit issue that we ve been discussing about. so on that point, i think they ll be a little more flexible. but i think we ll continue to see the taper. there are other indicators in the economy that look better than that. the second half gdp growth was actually twice that of the first half last year. so there have been some acceleration there. peter, i want to get you in here and if you can do it without harshing on jared that would be great. that would be nice. go ahead. i don t believe that the fed is going to change course. i would be very firm about that if bernanke had not left because i m pretty confident that the only real issue here is a new personality who is a little bit more dovis
street, dow plunging 326 points monday, down 7% since the beginning of the year. the drastic drop sparked by a weak manufacturing report and disappointing sells from big auto makers like ford, toyota, gm. for many the sell off isn t surprising. here s why. stocks can t go up forever. after last year s muj rally, many call this an expected correction. i don t think this correction is over. last time i talked about a correction waiting for gurdo. there s a new leader at federal reserve. janet yellen is picking up where bernanke left. third, emerging marketing include turkey, south africa, leaving investors shaky. there are questions about where the u.s. is heading. dozens of companies have put out
many call this an expected correction. i don t think this correction is over. the last time around i talked about a correction it was sort of like waiting for gudo. second there s a new leader at federal reserve. janet yellen is picking up where bernanke left off and has to pull billions out of the economy without derailing. turkey, south africa and others are in shaky conditions. dozens of companies have put out weak earning forecasts. translation, lack of confidence. for those reasons, selling may continue. how much? many predict the markets need a staggering 10% decline from recent highs. they say lows will be brief and stocks could rise in 2014. for now, buckle up and get ready for a bumpy ride. just how strong is the u.s. economy? it s going to be hard to tell