that s qe-3. that s exactly right. they want him to print maybe a half trillion dollars. shove it into the economy and rescue the world. whether he does that or not, i don t know. what happens if he does do that? if he does do that, the stock market will probably go up. that will be the immediate result. if he doesn t do it, mass disappointment, the stock market will probably go down. wait a minute, wouldn t printing all that money be treasonness? didn t i hear that last week? you ve been listening to mr. perry, governor of texas, i believe. well, he says, look, that will be treasonness because it would deflate the value of our money, the dollar and result in inflation which is good for the price of gold. mr. perry doesn t like that idea. a lot of people don t like the idea of printing a ton more money. at the risk of insulting people, i just thought i would be direct. what bullets are in ben bernanke s gun that he could do. he s already printed a lot of money and it s ju
2007. when she came to visit tripoli a number of years back, apparently he absolutely lavished her with $212,000 worth of gifts including a diamond ring, a loot and a locket with qaddafi s picture. in return, there s a picture right there, qaddafi screen right, leeza as he calls her, screen left, she gave him a plate. colin powell saying where s my stuff? 22 minutes before the top of the hour. let s talk dollars and cents. yep. we want to hear about the stuff that ben bernanke has on his plate later this morning. the fed head is scheduled to speak at 10:00 a.m. from jackson hole, wyoming, he ll possibly be outlining solutions to fix things. stuart varney joins us live. what can he do? qe-3? don t start with that jargon, please. look, the whole world, wall street especially wants ben to print up a storm of money.
the leader of libya s national transitional council called for more financial support for the new government from other nations. japan s about to get another new prime minister. kan announced his resignation. parliament will vote on tuesday to choose the country s next leader. kan was struggling for approval even before the march disaster struck japan. his ratings have gotten worse since. people along theest east coast are getting ready for hurricane irene. six states are in emergency mode. thousands of toof tourists and residences have been evacuated. it s been 11 days since the hunger strike began, but he says he ll keep going until death or until parliament approves his version of tough anti-corruption legislation. those are the top stories from cnn, the world s new leader. i m zain verjee and world business today starts now. good morning from cnn london. and good an from cnn hong kong. i m andrew stevens. welcome to world business today. more qe or no more qe so
us off the tight rope and in a double-dip recession in minutes. we re seeing that happen anytime a bad number comes out, we may see it friday when ben bernanke neats in jackson hole. if you think give us quantitative easing and more money, we could fall off the tight rope. we are talking a tight rope. neil: when they return this is video from tieson s corner, virginia. not all that far from the nation s capital. the markets were saying all right, fallen rocks, dammed buildings. that s the extent of it. no need to go nuts. we saw the buying come right back in. that is the type of manic market we live in now. the fact they bought and didn t just sit tight, what does it tell you? it s almost like reassurance. we re very emotional in making decisions in the stock market. not looking at the fundamentals and what the companies are making. and how gdp growth is around the world. we base buy and sell every day on emotion, how we wake up. that earthquake knocked us down and we sold. a
i felt great knowing it was an earthquake, not a terrorist attack or anything else. people felt the same way as me and put it back on the market. the issue i see going forward there is still a lack of confidence in the government and the economy through investors in the united states and outside the united states. if any type of natural disaster or up on known happens, that can triger the selloff and puts us back in the double dip recession. not only does the stock market fall, we sit back on the money and we don t spend money. consumer is gone, layoffs increase and exasperates from there. neil: we should say the proof of real defense, significant damage and especially death do wallop the stocks but it depends how long. exactly. neil: you are looking at bernanke ben on friday, the federal reserve chairman. he has to reassure the market and say what? he has to do one of two things. one is say that quantitative easing three, qe-3, flooding the market with money. he did the same t