Anything because the rates are going to be low for several years. so, i don t have to take any risks, i m not sure about the economy. i see lots of uncertainty there. so, i think that it delays it reduces the incentives to actually go out and take risks and lastly, it punishes savers. paul: who get low rates. and who we saw with the second round of qe, helped the stock markets for a time, but went into our asset prices and you can t guarantee which are going to increase, energy prices which flowed into food surprises, commodities in general, which affected consumer purchasing power and well-being, and raised costs for business. that has a countvaling effect. i m heated up on this subject of bernanke. look, we re talking about the entire american economy and
Anything because the rates are going to be low for several years. so, i don t have to take any risks, i m not sure about the economy. i see lots of uncertainty there. so, i think that it delays it reduces the incentives to actually go out and take risks and lastly, it punishes savers. paul: who get low rates. and who we saw with the second round of qe, helped the stock markets for a time, but went into our asset prices and you can t guarantee which are going to increase, energy prices which flowed into food surprises, commodities in general, which affected consumer purchasing power and well-being, and raised costs for business. that has a countvaling effect. i m heated up on this subject of bernanke. look, we re talking about the entire american economy and
Anything because the rates are going to be low for several years. so, i don t have to take any risks, i m not sure about the economy. i see lots of uncertainty there. so, i think that it delays it reduces the incentives to actually go out and take risks and lastly, it punishes savers. paul: who get low rates. and who we saw with the second round of qe, helped the stock markets for a time, but went into our asset prices and you can t guarantee which are going to increase, energy prices which flowed into food surprises, commodities in general, which affected consumer purchasing power and well-being, and raised costs for business. that has a countvaling effect. i m heated up on this subject of bernanke. look, we re talking about the entire american economy and
Gasoline creeping up, food surprises. families are feeling really squeezed. what is happening if you look at debt statistics you re right over the last two years american businesses and haas holds have improved their balance sheets. thee paid down their debt on credit card and mortgages, now the debt is creeping up again because they can t pay their bills. this is a very scary situation. i don t think we are going to have a double-dip recession. i think it is as the president says hopefully a speed bump. it s a frightening situation. if we go into a double-dip recession americans finances ab really wrecked. jenna: it s stuff to know where the bottom is, what is going to be the tipping point? is it the consumer, is that the sign that things are better and on really a road to recovery? i think all eyes right now are focused on washington. can they get a debt deal done to get this debt down by hopefully 2, 3, 4, $5 trillion. can the president and the congress fix our abomination of
Saying here, look, one reason why food i don t look at the labels, but one reason why food surprises are going to skyrocket because we allow all of this speculation in markets like wheat and corn and soy beans and for that matter, gasoline and people having to pay higher prices, which is essentially a tax on working people, because we deem it as a good thing that speculation runs rampant and we ve done nothing to stop it. i want to talk about food laboring labeling. there s government intervention in so many things and we talk about what s happening with your education since we created the department of education. obesity labeling has gone through the roof. the government getting involved doesn t make me feel comfortable. the food processing and packaging industry, the department of agriculture, for them to make more disclosures on more products will not be a cost to consumer really in the end nor will it be difficult and for many consumers will