didn t sell off for fear the fed was going to do some party-pooping. well, neil, charles is right. for the last three and a half years the market respond to the federal reserve. more booze in the purpose bowl, the market goes higher. talk about taking it away, talking about slowing down the stimulus program, the market reacts. this year as the interest rate mick tour has become more 0 and more of a question mark as the federal reserve boards starts to talk about tapering, the market has been ultra sensitive to that until the last few weeks. we have soon interest rates start to inch up. today over 2.9%. normally that happens when the economy is picking up. it means the economy is getting a little bit better and we re gifting a little closer to taper. we can argue whether that s december or march as to when the federal reserve board starts to
deepak, you work in washington. you guys have done a lot of stuff. how do you deal with the fact that we have this short attention span and you can martial people for the fight to pass the affordable care act but you can t martial them to carefully watch the first rule issued by cms but you can t martial them to look at the first rule of the federal reserve on card swipe fees while the other side certainly can martial attention to that. this is a really big deal. what the president did was outstanding. he took a stand for the 99% against the 1%. it has to be a permanent campaign against these interests. banks own the office of the comp controller of the currency. they sit on the boards of the local federal reserve boards. so the people have a regulator that can protest their interest on outrageous fees. something that s more important in my estimation, most americans
u.s. deal. specialist charles freeman says the trade ambassadors let them down. that is putting pressure on your principle to throw up your hands and say okay. they are trying to convince jintao to elower the trade. we have a special balance for strong growth. u.s. officials says china exports more because goods are cheaper which is a result to keep balance of the currency low. the federal reserve boards recent decision to buy the u.s. treasury bonds is lowering the value of the dollar. and drawing similar criticism. everybody wants to balance their economy an their exports, the world will go bankrupt. if you only want to sell, who will buy.
one that interests me the most is the beige book. the report that one of the federal reserve boards comes out with every several weeks. it s anecdotal. that s what makes people feel better. three things really that make our viewers and most americans feel better. one is the value of their investments increasing. we have seen the dow up about 69% from last march when it hit its low. the other is the value of their property increasing. we haven t seen that across the board. we have seen an increase nationally in the median price of a single-family home. that s because interest rates remain so low. the third thing, wolf, the most important thing is employment. we ve seen the unemployment number come down a little bit. we ve started seeing job creation. the bottom line is there is job creation. those people who are employed feel like it s okay after being frugal for so long to go out and spend. we saw this number that showed that consumer spending supp for the fourth month in a row. why is
versus diffuse once. deepak, you work in washington. you guys have done a lot of stuff. how do you deal with the fact that we have this short attention span and you can martial people for the fight to pass the affordable care act but you can t martial them to carefully watch the first rule issued by cms but you can t martial them to look at the first rule of the federal reserve on card swipe fees while the other side certainly can martial attention to that. this is a really big deal. what the president did was outstanding. he took a stand for the 99% against the 1%. it has to be a permanent campaign against these interests. banks own the office of the comp controller of the currency. they sit on the boards of the local federal reserve boards. so the people have a regulator that can protest their interest on outrageous fees. something that s more important