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And the New York Times runs . What are the distributional consequences . Will the rich be paying more . What about the middle class . Shouldnt we be having that same discussion in the conduct of Monetary Policy . If you think about this Monetary Policy, if youve got the freedom, like ken and stan, to devote huge amounts of money into liquid assets, to play the risk game, youre going to be a huge beneficiary. So this is in some sense a policy where we also need to think about the distributional consequences. And this is in some sense a transfer to people that are rich. Trickledown economics. Stan calls this trickledown economic policy. Others can see if it worked in fiscal. Well see if it works here. Its also a transfer to those who are imprudent to those pro are prudent. Dont wait so long next time. Its been unbelievab ....
Welcome back, everybody. Lets get wack to our guest host, howard ward. Howard, this is a big day for you, not only because youre a squawk guest host, but because youre a grandfather for the first time. Congratulations. Did you sleep last night . Yeah, about 1 00 a. M. In the morning. Mother and father are doing well. Grandparents are doing well. Grandson, too. Grandson, foo, most important. Not named yet . Yeah, he snuck in there a little bit of ahead of schedule, so the parents are working on the name. Again, though, your thoughts on the market, you like constructive. No need to chase it here. The fire sale is over. There are still a few names that are on sale. Dont go against the grain. Apple is going to earn more money this year than any other company in america. Thank you. Congratulations again. Join us tomorrow. Squawk on the street begins right now. Good wednesday morning. Welcome to squawk on the street. Were live at the new york stock exchange. The morning after the dows record ....