opening. it finally does open and then we start moving out, hopefully with everybody following us out, which was our plan with everybody following us out single file. ashley gets into the driveway is hered for us to leave. as i was coming down the zrif way, the fire was doing two things, it was laying flat across the dive way so you could barely see the asphalt. so it looked like you were driving through literally a tunnel of fire. right outside our gate was a barn, it was completely engulfed in flame and the flame now with the fire blow iing that flame w
be losing money in bonds as interest rates rise. people are going to be losing real return when they have money market funds because the inflation is going to beat that low return. there s over $1 trillion in my judgment to be put back into this equity market. i agree with your statement. it s going to take more than a year or two. in my judgment, i think this is a long-term secular bull market. i said it two or three years ago. i ll say it again. this is a long-term bull market that s supported by low confidence at the moment and as a simple act goes, you buy when there s a lack of confidence. you sell when there s greed and giddiness prevail iing. michelle, assuming the market continues on this bull run, what happens next? at some point, unemployment starts to go down. it will happen. we have been creating jobs for 36 months straight now. the fed is going to realize that they can t put $85 billion into the economy every month. i it starts to pull back.
financial dysfunction of our congress is mind blow iing. you look at this week. let s say frederick, maryland, where there s air traffic control that will be shut. a tower that was built by the stimulus money. so stimulus money went into this tower. the government saying it s a priority. and the the government because of its dysfunction saying we have to shut is down. that s a perfect representation, i think, of how washington is not doing its job. we can t even pass a budget. it can t even run the books. there s no strategy. when you look at some of the spending cuts, you see a lack of a strategy in american finances. complaining about this for months. when i say fedex, you probably think of the guys coming to deliver a package. fedex as a gauge of the global economy. fedex posted its third drop in earnings and raised red flags saying shipments to and from asia slowed substantially. also customers are starting to