Nations economy and doubling fiscal cliff. The headlineein todays Financial Times read you as Third Quarter results raise fresh economic fears. Shares of companies warn of a global demand. The Dow Jones Industrial average plummeting 2 over the past week, the worst drop since june. Commodities taking a hit. Gold falling below 1,700 an ounce. The price of oil has dropped almost 7 percent since last week. Of course, the fed. Today said it will leave Interest Rates unchanged and will continue qe3, pumping money or air, wherever you want to college, into the economy. Joining us on what he makes all this harvard economist jeff myers. Thank you for being here. They did basically change nothing in the fed report today it except for two things. Change in language in the inflation. They said that the inflation has ticked up because of Energy Prices and the one that the Global Markets pose some downside risk. What do you make of all that . I think on the inflation they also tried to emphasize tha
Nations economy and doubling fiscal cliff. The headlineein today Financial Times read you as Third Quarter results raise fresh economic fears. Shares of ompaniesarnf a global demand. The Dow Jones Industrial average plummeting 2 over the past week, the worst drop since june. Commodities taking a hit. Goldalling elow 1,700 an ounce. The price of oil has dropped almost 7 percentsince last week. Of course, the fed. Today saidit will leave Interest Ratesnchanged and will continue qe3, pumping money or air, wherever you want to college, into the economy. Joining us on what he makes all this harvard economist jeff myers. Thank you for beg here they did basically change nothing in the fed report today it except for two things. Change in language in the inflation. They said that the inflation has cked up because of Energy Prices and the one that the Global Markets pose some downside risk. What do you make of all that . I think on the ination they also tried to emphasizethat core inflati has no
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