Background on wall street. He is really tied in to what the fed has been doing and whether that has inflated assets on the market. I thought that was a fascinating interview. Liz we were talking before the interview about shutterfly, which of course is such a big, successful photo business and make books and keepsakes. He started resonating when he talked about what he felt was a flatout bubble created by the fed. So we began to talk about this, wait a minute, why dont i share this with viewers. Here is what the ceo of shutterfly had to say about this. I think with low Interest Rates and with quantitative easing, you have troubles in india and brazil. You have europe doing a malaise. You have interest ratings rising. So money is chaising yield and it is flowing into u. S. Equities and u. S. Housing. Were creating mini bubbles. The fed rightfully so trying to get people to lend and the economy going but at some point we have to pull back. Liz make no mistake, he thinks this needs to end
WHRO Public Media is dedicated to enhancing the lives of the citizens in the communities it serves by responding to their need to be engaged, educated, entertained and enlightened.
WHRO Public Media is dedicated to enhancing the lives of the citizens in the communities it serves by responding to their need to be engaged, educated, entertained and enlightened.
WHRO Public Media is dedicated to enhancing the lives of the citizens in the communities it serves by responding to their need to be engaged, educated, entertained and enlightened.
WHRO Public Media is dedicated to enhancing the lives of the citizens in the communities it serves by responding to their need to be engaged, educated, entertained and enlightened.