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serve.com. i hanako montgomery and tokyo. and this for joining me this sunday on for greek, a whitfield. and we begin with gun violence across the us weekend, mass shootings across three states have killed two people and injured dozens there s more from massachusetts to michigan and texas. a short time ago, police in massachusetts said eight people were injured after an overnight shooting, were hundreds of people gathered at a spontaneous meetup, organized over social media seven young people were shot, two of them are in critical condition. one other person was seriously injured while trying to escape and fell official say no arrests have been made and they do not have a suspect at this time and hours earlier in rochester hills, michigan, nine people were shot at a random attack at a splash pad park, including four and 8-year-old brother s. and their mother authorities say the gunman pulled up to the brooklands plaza splash pad and open fire nearly 30 times under n ....
And the obama stimulus was going to work it would have been a lot bigger. i think bernanke, obama did it. it was an ugly political process. we all know that. it wasn t big enough. bernanke realized that and introduced quantitative easing which he did three times. that made all the difference. you like what bernanke did. that is great. i like what obama did. you are against the minimum wage. not a growth policy. against unemployment insurance. you are against roads and bridges, investment. i am going on roads and bridges on the way home. a lot of stuff i agree with the president when he said [ inaudible ] $1.2 trillion worth of disaster. i agree with regard of easing ....
Necessary stimulus. not so that the economy doesn t slip back into recession but to give it a boost so it gets to warp speed or at least escape velocity. now, we know it s coming to an end. it s an if, not a when. the question is whether that if begins now. do they start to take the punch away from the party. think of it this way. imagine you re at a party, all right? and the party is starting and getting going quite nicely and the waiters are still pouring the drinks. and you ve had a couple. but you re not raucous. you re not out of control. not yet. right. what bernanke has to do is decide when does he say to the waiters, time to stop pouring the drinks. or slow it down. slowing. it s going to take a couple of waiters away and still leave some in the room to pour drinks, but what he doesn t want is a frat party. he doesn t want a frat party. not three kegs. so what happened? ....
Asset classes and get out of bonds and get in stocks. if you missed it, you missed it. get over it and get on with your life. at the end of the day, you go back to what bernanke is doing. to a degree, it s fear mongering itself. i think washington s actually scared of growth. for him to blame policymakers, you know if he just got out of the way and got on with it. if the tapering, got on with it, you know what would happen, dollar would strengthen and interest rates rise just like we saw in the 1980s and 1990s and everyone wouldn t spend their day being worried. that s a top down central planning issue we need to get rid of and get confident and we need to let markets clear. thank you for your perspective. see you soon. what else happened this week that matters to your money? give me 90 seconds on the clock. it s money time. corporations are sitting on record piloes of cash. ....
Along two big asset classes, stocks and bonds. so you get out of bonds and you have these pullbacks in stocks. i like to buy them on 3 to 6% pullback, so if you missed it, you missed it. you have to get over it and get on with your life. if you get back to what bernanke is really doing here, i think to a degree it s fear-mongering itself. washington is actually scared of growth. for him to blame policymakers, if he just fwot ogot out of the and got on with it, if the tapering got on with it, the dollar would strengthen, interest rates would rise just like we saw in the 1980s and 1990s and people wouldn t spend their day just being worried. that s a central issue we need to get rid of, we need to get confident and we really need to let markets clear. thank you both for your perspectives. see you soon. what else happened this week that matters to your money ? give me 90 seconds on the clock. ....