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Monster s monster smoking a cigarette and listening to loud music. i think road rage is a reflection of the real you. if you can t suppress those emotions it is disproportionate. you react to a slight you would hardly consider in any other context. it s also about your safety. i think that s pure survival. i think road rage is invented. i think it is about pride and space. i have rage rage. i can t understand why the stock market doesn t reflect the fact that $2 a gallon gasoline is good for most ordinary people. it s a tax cut for most of america. it s cash in your pocket. one more thing is up next. i sure had a lot on my mind when i got out of the hospital ....
Better. i want to get back to something heather said in this regard, which is and you started out this way. whose economy is it? it s not that the stock market doesn t matter to middle income people. there s a lot of pensioners and 401(k)s in there. i get is that. but the movements in the market are way overemphasized relative to what really drives middle income prosperity, which has a lot to got kinds of things the president has been talking about lately, largely the job market, and there you get into two critical things the fed does. one we talked about. the trade-off between unemployment and inflation. heather said this very well. to the extent you emphasize the unemployment part of that versus the inflation part you really are targeting middle and lower income people. that s important. we need the next fed chair to do that. and secondly the overside part. remember, if the federal reserve oversight had been a ton better than it, they were really asleep at the switch, we wouldn t h ....
Oil fuel. americans would be better off by increasing the capable to build an alternative fuel to gasoline. john, just want to point out, there were some protests yesterday in washington, dc. i think the president was attending a fundraiser, and we have a little tape there protesters, protesting him. they want the oil to start to flow. scott, let me talk to you quickly. 15,464. okay, they re telling me i m sorry. they are protesting that they don t want the oil pipeline. my bad. scott, talk to me about stock market. the stock market doesn t seem to care. another record high today. your thoughts? isn t it funny? it s like a correlation issue with the stock market. as oil price goes up so do stock prices when you think that would be counterintuitive. the s&p 500 is comprised of very big oil companies that move the ....
The last three months of 2012. why? one reason could be our broken government in washington, which still can t pass a long-term budget and prefers to govern from one fiscal crisis to another. crises of its own making, by the way. joining me to discuss this and more is mohammed arian, the ceo pimco, one of the world s largest investors in bonds. chrystia freeland is the editor at thomson reuters digital and christine romans the host of your bottom line. welcome. it s good to have you here. you warned that those forced government spending cuts, which we called the sequester were going to do great damage to the economy. strangely, the stock market doesn t seem to buy into any of this. does that mean the sequester wasn t the big deal we thought it was going to be or does it mean there s more to come? that the market is ignoring. unfortunately, there s more to come. the issues are really important. the economy is stuck here. the stock market is there. that s why we have a mix of ....
From one fiscal crisis to another. joining me to discuss this and more is mohammed arian, the ceo at pin kro. and christine romans welcome. good to have you all here. it s great to have you here. you warned that those forced government spending cuts, which we called the se kwquester were kboing to do damage to the economy. strangely, the stock market doesn t seem to buy into any of had. does that mean the sequester wasn t the big deal we thought it was going to be or does ha mean there s more to come? unfortunely, there s more to come. the issues are really important. the economy is stuck here. the stock market is there. that s why we have a mix of excitement and anxiety. how do you reconcile? it s the wedge of monetary policy. it s the wedge of an aggressive ....