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Starting with the Swiss National bank. Not just the Swiss National bank well get to it with the huge shocking moves, in currencies, also the fact that india cut Interest Rates, even the bank of korea. What were seeing now is going to continue as europe then has to decide just what moves it will take next week folks. We are living in crazy times. A race to the bottom. Or as our friend in currency terms. The bond fire of the currencies. Exactly. Now people are starting to look at gold again. You have to wonder once this volatility settles down we will be able to get back to quote unquote basics or we are embarking on another experiment of historical proportions. Were he going to talk about all that and have a special show lined up to do that. Joining us jim grant by the way who called this on the swiss from the grant rate ....
The holidays and enjoy the lowest prices of the year. Top of the hour, everybody. Nicole petallides on the floor of the new york stock exchange. Nicole would we got our jobs numbers, we saw the futures go from negative territory into positive territory. We arent out of 33 points on the dow jones industrial. The nasdaq is lower. Connell there were 146,000 jobs added in the month of november. Breaking news from washington. The speaker of the house john boehner. Lets listen in. The tax hikes that the president campaigned on, that had more stimulus spending then cuts. And indefinite, infinite increase on the debt limit forever. Four days ago, we offered a serious proposal based on testimony of president clintons former chief of staff. Since then, there has been no counter offer from the white house. Reports indicate that the president has adopted a strategy to slow walk our economy right to the edge of the fiscal cliff. Instead of reforming the tax code, the president wants to raise tax ra ....
Stock of the day today mens warehouse. Retailer getting a boost after they are considering alternatives for its k and g stores. This is one of the companys weaker performers. Jay juror done, you dont wear anything from mens warehouse. Dont think so. Youve been doing business in china for about 20 years. We just saw the big 60 minutes piece about what may and bubble or not. Whats your view . Nobody knows. First place, you cant really trust numbers that you receive. China has to convert an outdated economic model, basically driven by investment and exports to a domestic consumption model. Their export markets are not going to disappear but substantially appreciate. The r an d is going to appreciate and they wont have the same competitive advantage. They have to grow their domestic consumption. Now what we saw on cbs was a building after building, real estate, empty. Thanks for joining us today. Mike, thank you. That does it for us. Right now it is time for squawk on the street. Good morn ....
Xinhua Commentary: Why Washington must stop kicking its debt can down the road--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.