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Transcripts For CNBC Squawk Box 20150507

Kinds of things. It occurs to me that we didnt know how good we had it. Our rates were kept low by a weakness in the european economy but we were having this great year in 2015. We had the best of both worlds. Rates will stay low. Yet the economy was growing. We were doing great. Now we get a. 2 read and europe is doing better so their rates are going up based on what theyre doing. So do ours. Ours go up so we go from 17onthe ten year to a 2. 3 and all these numbers are so low. They cracked me up with germany. 75 basis points. Oh my god its 75 basis points. But they have been negative. Are you changing your bet on when ms. Yellen is going to i dont think so. Does it matter . To her i dont think it does. As it became less likely they were going to raise in june or september our ten year yield went up almost 30 or 40 . Anyway. It doesnt matter. Thats what people worry about when the market starts setting Interest Rates and the fed loses control of the situation. You think this is the sig

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