0year, we probably have to be looking at a global recession. We are going to test 1 . A lot of things would have to go incredibly wrong to get the 1 . You have to have a recession to get there. The u. S. Economy could go to recession. Unless the market begins to price an additional cuts, the 10 year at most will drop down to the 160 range. The fed will have to ease again. The fed is going nowhere. If there is any sort of weakness in the data, you will see an outsized rally in bonds. Jonathan joining me, kathy jones, george bory, and in chicago, jim bianco. Jim, lets begin with you, looking out to 2020, it seems the consensus view is for rates they are or go lower. Where you come down in that debate right now . Jim i think thats probably right. Rates will probably drift lower. Thats been the story the last 10 years. Weve had no inflation, we are in a record expansion, we cannot generate any inflation right now, rates are down 75 basis on ts this year, at least the 10year yield. The path
Debate on tax cut, u. S. Stock market futures, down 4 points on the dow, up 2 points on the nasdaq, of course, all three major averages higher on the week. In europe all eyes on central bank. Rollback of economic stimulus. Lauren we do have breaking news. We see how the market is responding to this. The south korean judge ordered five years in prison and the south korean kospi up fractionally. Cheryl well, that didnt take long a day after getting Regulatory Approval am done says its going to start slashing prices at whole foods on everything from bananas to baby kale, fbn am, starts right now. Lauren happy friday, 5 01 a. M. In new york. August 25th. Im lauren simonetti. Cheryl we are looking at a major storm on the way right now. The breaking news for you at the moment, Hurricane Harvey strengthening as it approaches texas with lifethreatening conditions. This is the biggest hurricane to strike the United States in 12 years. Take a look at this image coming from the International Spac
National debt . It is we the people so the National Debt is our debt. What percentage or our personallyprivately owned debt different than the percentage of National Debt. Host take us through the definitions here. Guest the National Debt refers to when referring to the governments budget. There are Consumer Debt measures out there and the Federal Reserve bank keeps track of that. You spend things on your credit card and they show up in Consumer Spending but another set of statistics address that issue and measure that. The financing is different than the spending which is what we measure. Host we have been talking about reports from the bea, how are businesses going to use the reports in the coming weeks, months and years . Guest i dont know if they will use the data to make realtime decisions. In some ways it is just informative to tell us how we got to where we are today. There is a two year lag for the most part. Business tends to be operating in a realtime bases. There is a lot fo
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