improving economy. the economy is improving as fast as the stock market. the economy is doing okay, it s not doing as great as the stock market. neil: very true. unemployment the economy is better but not great. the stock market is great but we should point one thing out. average investigators really are not in the stock market. this is a market of professional investors. if you look at the money flow, it s retail. the average guy is in bonds. there s been a run up in bonds because they re afraid of fed printing money, inflating of the stock market. neil: interest rates have been backing up. recently. and the argument is, your generation said we re up to a nearly 4% mortgage. i can remember my wife and i paid that per day with our first mortgage. having said that, perspective is everything. if rates begin to really back up, then everything is off. right? i think wing you look.
none, we just keep climbing. and it s going to keep going up. i said being a little bit hyperbole there but it s going to keep going up until the fed signals it s going to stop printing money, and when that happens it s going to go down and i won t go down until that happens. neil: no matter what happens with the president or the scandals look at the economy, look at the macroeconomics picture. slowly improving economy. not enough to spark inflation that would cause the fed to stop printing money. that s pretty good for the corporate innings are good in that environment. so you have pretty good macroeconomic conditions for this thing to keep going up and then you have the fed printing money. these scandals are not life-threatening they re not job-threatening for the president. right now, a lot of stuff going on. in some ways you can make a bullish market. this handcuffs the president from doing anything like another
healthcare plan or something. neil: there is that argument. stymies spending. it kind of thwarts his second term agenda and may keep help the republicans keep the house. these are things you can say. maybe even take the senate. who knows. with the political impact. but the markets i know george a great investor and he wrote a book about the market and talks about the psychology of the market. the school right the schooling psychology right now, slowly if improving economy and the fed printing money. you have those conditions, until you break those conditions, the market should likely go up. i can t tell you neil: even though it could be a ponzi scheme, we could be building a facade could break down. neil: propped up with the freds. as an average ininvestigator,
at all-time high, i don t think it s the time to launch new stimulus programs. it s something you do in a crisis and save the next round of stimulus spending for such an event. brenda: toby, john did make a good point about we ve got stimulus going right now with the fed printing money. yeah. it s interesting the president, who i think does feel he s smarter than a lot of people can never get his arm around the idea that these plans he s doing will make nothing in terms of job creation. yet, the big stuff that could create job creation, they re going to go after. so maybe if this just keeps him sort of quiet and happy and he can start new centers of innovation, because i know everything big that happened in the united states came from a center of innovation. brenda: go ahead. if i might add, we already learned from the connial budget office that with the sequester and its austerity, we are losing we could lose 750,000
48 million does that number strike you as high? yes, but we have a difficult economy. i will tell you this if you are talking about stock market, the reason why stock market is fed printing money. why? because the real economy is not doing that well. neil: i don t care about that. 48 million alone strikes you as a high number. a lot of people need it. because the question wasn t about the economy. you are asking people getting stuck on it. that is a different question. the program has shrinked and gone down as unemployment falls. if economy improves the program shrinks. our economy is not improving. neil: ben, what do you make of this. what is accurate as you said many times, any good caring government that looks after those that are most needy. is it accurate 48 million americans are in need of food