Quantitative easing there is still so much out there they couldnt predict what would happen. The Price Inflation which is secondary consequence of nk were in for bigis yet to trouble. Melissa big trouble he says and he is here, the host of the ron paul channel, doctor and former texas congressman ron paul. Ron, why are we in big trouble . Because we have lived beyond our means and the message now is well have to leave beneath our means and a lot of people already suffered that consequence in these last five years. Thats why the middle class is you will maker and there is a third of the smaller, a third of the workforce is unemployed or underemployed. There is a greater decrease pansy, some people are making out okay. Wall street was pretty happy but the unemployed are not very happy. So this will continue because we have not recognized that when you get when you get distortions from too much Federal Reserve inflation from the monetary system. There was to be liquidation of debt and mal
Friday. Right now, its time for squawk on the street. Good morning, welcome to squawk on the street, im melissa lee with jim cramer and Brian Sullivan. Carl quintanilla has the day off. What we saw yesterday earthquake the best day for the s p and the nasdaq over a year. Data out to contend with, an adp number in december, jobless claims, may be taking a breather in todays session, the dow looking to lose about 33 at the open. Take a look at the picture in europe. Does also look like europe is taking a breather. Yesterday, it is worth noting the stock indices there hit 17month highs. We are seeing a down day almost across the board a road map, starts with the new years rally, where we go from here. The dow surging more than 300 points, closing at two 12 1 2m highs yesterday. Leadership from technology and financials, a boost today with upgrades. Lots in the coming days. The big jobs report tomorrow. Oh, yeah, the battle over the debt ceiling and spending cuts. Retail doordie, december
A new wave of political pressure greeted Federal Reserve Chair Jerome Powell and his colleagues as they gathered in Washington this week to discuss the path of interest rates.
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