independents, it s usually us republicans. but that booing, that may have made some people feel good inside that auditorium but they did play into mitt romney s hands. you checked off the boxes. this was not the sister soldier moment. no, it was not. if mitt romney wants to have his sister soldier moment he has to go before a bunch of hedge fund executives and say i m going to take away carried interest. when that happens we ll really have boy, that will really get that will get them to their feet when you starts you ve been working for bloomberg way too long. they won t boo him. they won t. more polite than that. let s talk about the economy. this all boils down to the economy at the end. headline in the wall street journal talking about more stimulus. what in the world could the fed do? i think interest rates are like minus 5% right now. what else can the fed do? there are only a couple things left for the if ed to do. one is to continue the quantitative eas
to look at it is what s called inflation expectation or what do people expect inflation to be. what does the market expect inflation to be. you see back in the 2008 period during our meltdown, we were actually worried about deplation, worried about the economy collapsing, prices collapsing. that would be a bad thing. the fed stepped into action and it began buying debt to bring interest rates to bring interest rates down, but as the economy recovered, and you can see here the three times that the fed bought debt, each time it bought debt, inflationary expectations went up a bit because people expect a little more inflation. can i say one thing and then senator toomey has the floor. yeah. the key part even after all of this, inflation expectations have remained very stable, just above this 2% level, which is why the fed may well take the view that it has the room to continue to buy large amounts of debt when it meets this week. the in my view, this isn t just playing with fire,
a woman took her battle against debt collector to court. and she won. now the debt collector owes her but she is having a trouble for get the collector to pay open. she sued for abusive practices and was awarded $10 million. she hopes the case sends a message to other debt checkers. and now the lawyers for the debt collector company called the ruling unfair. who wouldn t? the legal guys are here. they are unfair. you cannot get blood out of a are you it nil, but this is a turnip. arthur: a function of the economy, there is a new industry out in of guys who are buying debt with the assumption that they will never get paid but they buy it pennies on the dollar so if you owe $10,000 on a credit card they buy the debt for $100. so if they get $200 they double
when you do it you say my friend leslie came over and l-ron tired. that is fun. but then there is like every second word and literally in the wrong context or say like lick ratly which is a contridiction. ab ry eves is fun. does your friend write juneau? i find is anti-sametic. then i have achieved what i set out to. i don t mind these words at all. what i hate is any kind of jargon that masks meaning. that is like the reason we are in this economic mess is nobody understands anything. buying debt makes no sense to buy debt. that language bothers me. the 99%, the 1%, that makes no sense. economic he quality, that means soak the rich.
when you do it you say my friend leslie came over and l-ron tired. that is fun. but then there is like every second word and literally in the wrong context or say like lick ratly which is a contridiction. ab ry eves is fun. does your friend write juneau? i find is anti-sametic. then i have achieved what i set out to. i don t mind these words at all. what i hate is any kind of jargon that masks meaning. that is like the reason we are in this economic mess is nobody understands anything. buying debt makes no sense to buy debt. that language bothers me. the 99%, the 1%, that makes no sense. economic he quality, that means soak the rich.