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tv   Bulls Bears  FOX Business  December 18, 2018 5:00pm-6:00pm EST

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connell: i see, alone. transfer would talk about millennial are giving them a break they need to get to work i guess. that does it for us. connell: that's a wrap on us. we'll see you. "bulls & bears" starts right now. trying to hide from everybody. this is "bulls & bears." thanks for joining us. i am david asmna. we have kristina partisnevelos and steve moore. the day before expected to hike interest rates, president trump is keeping the pressure on by tweeting, quote, i hope the people at the fed will read today's "wall street journal" editorial before they make yet another mistake. also, don't let the market become any more liquid than the dirtiest. feel the market, don't just go by meaningless numbers. good luck.
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i love that little tag line. this is "the wall street journal" editorial board op-ed talking about it and titled time for the fed to take a pause. make it in a cause against a rate hike tomorrow. well, it may not be what presidents usually do, but folks, it's trump right about interest rates? what do you think? >> no question about it. you and i both work for the editorial board and it's been kind of hawkish. it's at least my way of thinking and donald translated thinking that the fed has been way too tight. they made a major blunder three months ago craziness rate that cause deflation in commodity prices and i will say at the raises interest rates tomorrow, they should all be fired for economic malpractice. david: i like your wrath is with us now. go ahead, carol. >> first of all come i think that is going to raise rates.
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that is priced into the market and listen we are in a historically low interest rate environment. so i think it would be appropriate for the fed to raise rates. that being said i think they have plenty of cover here. no concern around inflation. if you look at housing then you look at -- david: okay, let's go to kristina to finish the sentence be a >> of you look at inflation a factor of oil right now fallen well below u.s. dollars a barrel, lot of factors right now that would agree with this exact "wall street journal" op-ed. the fact that deficit levels are extremely high. corporate debt climbing higher. retail sales may have been good because of black friday cybermonday, but the issue is we're using a lot of debt to pay for that. i believe that it is baked into the market already. we will see a hike tomorrow, but we could potentially see a dovish pause in 2019. the expectation based off of many polls and whoever you want to look at, reuters or whatever,
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the factors possibly to hike instead of four for 2019. guests are headed towards a debt slowdown. >> what happened to donald trump , 2016 donald trump? back in 2016 donald trump said the ultralow interest rates from the federal reserves were causing an asset bubble. they talked about that again and again, even during the campaign. >> it's not only him. >> jonathan, how many politicians change their mind? but what it's doing to the market. >> 852 week lows. a new 52 week highs and i think there is a credit crisis coming. i have a standing spirit i haven't seen preferred stocks, junk bonds actually this in summer 2007. we will save what he thinks about one. >> someone has to explain to me if you're in favor of the rate hike why in the world in an era
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of deflation in commodity prices should the fed try to money out of the economy? i think it's completely ridiculous. i don't care what the expectations are among investors. it has to be actually putting more dollars into the economy. the dollar is strong because of our cash cuts and deregulation there is a great demand for dollars around the world. the fed should accommodate that. david: steve connolly mentioned the world. the world is weak right now. the rate hike could affect the whole world. a rate hike in the united states means the dollar gets stronger. it also means people are taking a debt, taking out loans in dollars. they'll be hit hardest interest rates go up. this could really tip the balance and send the whole world starting is always with the emerging markets into a crisis. >> i believe so. i think would be an unbelievable blunder. in fact it does the exact opposite. has to put more liquidity out
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there. i don't understand why people -- >> the old steve moore used to be against planning. against the federal reserve setting interest rates. i do now, maybe donald trump should do the federal reserve as well. but interest rates should be. >> what i'm saying is the policy should be very simple. and just basically hold commodity prices level. look at the oil price. look at the soybean price. i mean, it's a deflationary environment and pulling back on the dollars, and it's not central palling -- pleading. central planning is causing this crisis. david: the fed has a terrible track record. look at all the times they've the times they made bad predictions, et cetera. they said the fed is walking in a dark room with sunglasses.
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stop the rate hikes right now. walk slowly before you jump to another rate hike. >> what about the fact maybe this is a time for the fed to right the wrongs in the past the fact he kept rates low low for so long to encourage these corporations and individuals to accumulate so much that. so yes, they're wrong. they were wrong then and they're going to be run now. no waiting in the situation right now. sorry, go ahead. >> i'm sorry, you're exactly right. there is no right level for interest rates that anyone can censure including the federal reserve. david: what you say? first using trump is wrong now you're saying he's right? >> yeah, he is wrong -- he is wrong that interest rates should remain low he's contradicting himself. but he's also wrong that the federal reserve can write interest rates and get the federal reserve. he wants to continue the ultralow money fueling policy
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that has created the problem the first place. accident washington do with monetary policy as well? >> all you do is the commodities indexes some price $250 you just keep a constant bear. david: we are going to be talking more about that with ron paul. he is in agreement with both steve and jonathan and we should get rid of the fed. but alas what happens when they do raise rates are what happens if they don't? what happens to the market? >> i'll answer that if they raise rates, they will blame raising rates for the impact that its tariffs and it's another bit of changing heart that steve is gone along with. companies are losing hundreds of millions of dollars as a direct result of these tariffs. this is a cover the white house is running to blame the federal reserve for their own mismanagement. david: adonai you're going to answer there.
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go ahead. >> i think right now were going to see a drop. you can't really buy you can't really buy the dip right off the look of the last little while. i think that their pricing and an interest rate hike. you're going to see a drop tomorrow posts 2:00 p.m. and maybe some uptick next week and a low volume. it's more the question of what is it going to say about 2019? were going to pay attention to the wording once again. david: steve come you do want to jump in here? >> is the biggest blunder. the only worse blunder was their last rate increase which was unnecessary. by the way jonathan, i'm against trade wars, but i just want a stable dollar and i want prices stable. deflation as we learned from the depression can be as bad as inflation. >> would use a stable dollar do you think i should be a primary concern because it's too high
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and that's why we see the dataset? >> i'm talking about prices. >> steve i assume you consult the president. what are you advising him on? >> i did the tax cut. david: great discussion come again. thank you very much. two-time presidential candidate ron paul. why he says we are heading towards a market crash, the likes of which we haven't seen in nearly 100 years dear dr. paul is coming up shortly. plus, the clock is ticking to avoid a government shutdown. live report on a wall deal being discussed right now that may have the backing of the president. >> we are looking at every avenue possible. jardiance asked:
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david: congress are scrambling at this hour for a budget solution to put a government shutdown was the deadline for days away. edward lawrence is standing by in d.c. with the very latest details on what's being discussed right now. edward, what can you tell us? >> it seems like were headed towards a partial government shutdown saying no to just about everything. republican senators were actually running around capitol
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hill trying to come up with funding compromises that is off until tomorrow is off adult american to propose on the table right now is $1.6 billion for a border wall and another $1 billion in the slush fund. the president can use the border wall. senator chuck schumer says no. >> after the meeting, i spoke to later pillows do you and i called leader mcconnell and told him we would not accept their $1 billion slush fund in that offers to fund the government remain. >> in the middle of all this is senator richard shelby on the appropriations committee trying to see exactly what negotiations could go on that democrats would accept. >> i think things at the moment are more fluid than they were a week ago appeared to cook a better, worse, we don't know
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yet. we're trying to thread a needle politically. >> the president wants $5 billion for the border wall, but he signaled today he might be willing to compromise. >> we've laid out clearly what our parameters are with members of congress. we want to know what they can pass. we want to know what they think they can actually get done. we've laid out what we'd like to see. in the meantime we are looking at other areas where we can draw money from to make sure the president can actually protect our border. >> the press secretary talk about other departments within the administration possibly pulling money, possibly reallocating money appropriations bill like the military construction va appropriations bill which the army corps of engineers falls under. they could theoretically build a border wall but that could require congressional approval of republicans and democrats would have to sign onto that. nancy pelosi come nancy pelosi come in the nancy pelosi come in the house minority leader said she will not allow any of that to happen.
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david: threading a needle. edward, thank you very much. turning the discussion house ouster publican texas congressman and veterans affairs committee, jodey arrington. congressman, thank you for coming. would you be satisfied if rather than allocating new money to build a new wall, the administration comes out with a formula taking a little bit from different agencies and putting it together for the same amount of money. >> well, i prefer the former, and that if we can appropriately identify some accounts that are flexible enough where would be legally and constitutionally appropriate to direct that money to build the wall, provide the physical barriers. i mean, the point is we got to exhaust all options because this is an issue of national security and its essential component of comprehensive border security. this president gets that. i don't think chuck schumer and the democrats do.
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>> congressmen, and kristina partisnevelos here. i'm confused because with the spending bill be pushed forward had republicans achieved all the votes? right now telling me that every passing moment are showing a weaker stance from the republican side? >> well, the issue isn't in the house. the 60-vote rule in the senate gives leverage to the democrats. we put the democrats in charge too often i think because of the 60-vote rule. it is what it is. you look at chuck schumer's past policymaking. he supported in 2006 building 700 miles of physical barrier. he voted for the recent past on the best or budget and appropriations package that funded 1.6 billion of the wall. the point is if you believe that the wall of physical barriers are important, an important component of this, then why not give the president the money he needs to build it out so that they can have -- you can effectuate the impact.
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>> democrat need something in return. monica children of illegal immigrants permanent status? they're not going to sign off on us. they need something back. >> sure and i'm glad you brought that up. democrats said just give us daca six. give them peace of mind and legal status. guess what, we did. the president came out strong. he meant that more than half way. we got to good bills. goodlatte one and goodlatte two. both of them have the wall and illegal fix for daca and guess what, not a single democrat showed up. we didn't get a single vote. they were willing to negotiate. they were going to come out and meet the president even a third of the way and they're still not. i think the president continues to lead on this and i'm trying to come alongside and help him. >> you're never going to get the democrats to agree on anything because they don't want to solve the problem.
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as you know they want to weapon is the issue. i'm in favor of president trump going to the map on this wall. if he has a mandate is to build the wall. the reservation and i wonder if you could address this is nancy pelosi will simply say republicans were in the house. they run the senate and the white house. how can they blame the government shutdown on us? i will wonder how you can respond to that concern. cannot keep explaining the facts and the truth to the american people that it's really the 60-vote which means democrats are the ones that have to move towards the president and the republicans, especially republicans in the house here but you're right, i'm for the president putting all options on the table including the shutdown option because this is about safety and security of the american people and it was a centerpiece of his agenda when he ran. it was his mandate when people send him to the oval office. i think that the american people are smart enough to figure it out. they figured it out in the last
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shutdown, the schumer shutdown, which was over a similar issue. it was over people here illegally. he put people here illegally, the democrats did over the american people safety and security. that's what's going to happen if mr. schumer and democrats don't find a way to compromise with this president. >> congressmen, it is carol ross here. when you're talking about total budget for trillions of dollars and disagreement over something that's a billion dollars or $1.6 billion, it is really a rounding error. is there any legitimate reason anyone can give because i feel the american people are really sick of political theater around something that seems very trivial. >> well, this is where i will disagree with you about the trivial nature of this discussion. this is not inconsequential. i live in a border state.
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>> just to clarify, inconsequential in terms of dollars from the democrats died. the $1.6 billion in the budget for trillions of dollars. not the ideal, but the actual dollar amount. >> less than two tenths of 1% of the entire federal budget. we send 10 times that in foreign aid to countries around the world and were talking about again not entire southern border. we are talking about where physical barriers make sense. a total of 25 billion are asking for 5 billion at least this president is here there has been no movement from where the democrats were in the last budget at 1.6. again, it is inconsequential in the amount. it is consequential in terms of the impact. >> billion dollars? congressmen, those of us who pay taxes is not exactly inconsequential. is it fair to say the old republicans were shut down government to stop government spending, to cut government spending?
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is an example of threatening to shut down government to spend more. very briefly, how is this not bait and switch? wasn't mexico supposed to pay for the wall? >> listen, i'm not going away for mexico to pay for the wall. to let the president explain that one to you. i'm going to do what's best for the american people because they think that the first job of the federal government. at this stage is on the border were the federal government under the obama administration advocated this first responsibility so we picked up the tab of hundreds of millions of dollars, i'm here to make sure we do her first job. if we can't do her first job, the other things are really a moot point because we don't have a sovereign country and were not protecting our sovereign border. we are not upholding the constitution and we are not putting the safety of the people first. so yeah, i'm concerned about spending, but when you look at the grand scheme of things, $5 billion is not to be on the grand scheme when it's two
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tenths of 1% and you're talking about border security and you're spending hundreds of billions of dollars to rebuild the military. david: congressmen cannot but ask your final question could we've got to let you go. we talked about republican hypocrisy. a lot of these democrats i'm sure you've seen the soundbite going back to schumer, pelosi, daughter, were in favor of the wall at one point. now they're not. why not? >> it's the politics of the day. i mean, they just like the finger, put it in the air wherever the wind is blowing i guess. again, they have been on record supporting it. one time they thought it was a meaningful component of border security and today i guess the politics have changed. that's one of the biggest problems with washington and one of the most attractive qualities of president trump. he's a politician who's actually trying to do everything he said he would do during the campaign.
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it is sad commentary that is unusual, but it's refreshing to have a real leader like the president who's just trying to drive this thing home and deliver and what he told the american people he was going to do. david: congressmen, have a wonderful christmas. facebook is now under fire for dozens of civil rights groups are and why they are accusing the social media giant of generating bigotry with one prominent group calling for a boycott. to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management.
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david: after months of stinging criticism from conservatives, now facebook is getting blasted a group of 31 of the writeback to this underreport the russian agents targeted african-american voters in an open letter to ceo mark zuckerberg from the groups are accusing the social media giant of old, generating hatred and bigotry. the naacp is calling for a one-week boycott. they spoke exact sheryl sandburg once again apologizing in a statement saying phase of his
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committed to working with leading u.s. civil rights organizations. we know that we need to do more to look deeper and take action to respect fundamental rights. dang, what we think of that? >> this situation seems to continue on. facebook stand there going to do better. they will promise to stop meddling in future elections. this came out today when i put out a post or two reports, one coming from the senate intelligence agency, another from oxford. they both look at the fact the russians specifically targeted african-americans. 80 facebook pages they looked out. out of those 80, 30 were directly pinpointed african-americans. let's say you googled on facebook "black panther," malcolm x, black history month and you get targeted certain ads. even created gmail accounts with american sounding names -- american sounding names to go out and protest and spread this message, even paying some of the fact it is. so all of this is ian funneled through social media.
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russia denying it all. >> what is hate speech? hate speech is something that doesn't exist. something that i might find offensive, you may not find offensive and vice versa. we don't want tech companies to be the arbiters of that. they already have too much power. what they provide is a platform for debate. if you don't like the speech you have the opportunity to dissuade other people and to say here is that we think the speeches from a not so we should be encouraging. not more power going to the tech companies to decide what the right speeches. >> well said. >> and not more power going to government. i've heard republicans saying it's just a matter of time before we regulate social media companies. you should be pissed a rash of pulling the shenanigans. that's where it should be focused. not on facebook. if you want to give up facebook, fine.
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but all credit should be given to mark zuckerberg and his team. they created social media. they created this platform that many of us, about a billion people a month i believe use for free. we get a huge body lot of it. to be angry at facebook really misses the point. russians perpetrated this injustice. >> jonathan, i'm with you. the last thing we want is any kind of censorship by the government of facebook. what we want is american citizens to decide for themselves whether they want to censor facebook is simply turning off their account and that is -- i is a conservative long time ago turn off my account because it's an organization hashed out to conservatives. that is everyone's right. not the right of the government. david: let me explain what the letter is demanding. they want zuckerberg and samberg to step down from the board of directors. they can keep their title but that down. they want to appoint three new diversified board members. they don't exactly explain what
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that means including all made this man would also be a board member. is there any chance facebook -- >> putting a conservative on the board. >> mycobacteria the point? americans to make the choice themselves and delete their facebook. do you really think they're doing that? we are tracked all the time online right now. we don't even know it. i completely disagree with what you're saying. [inaudible] yes of course. we know that. if you look at the pew research center, they said in an election it was a record year for american voters are so many people went to the polls when you look at the african-american vote and maybe there is a correlation. the african vote was the lowest in 20 years. why? here's a public service announcement. if you do not know, do not believe everything you read on the internet.
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this is obvious. we need people to take personal responsibility for their actions. we want to have debate. this is the democratization of debates. now we all have an equal platform to put our voices out. the last thing we want is anyone, whether its government, technology taking that away from us. david: at facebook and that doing your thing we've got critics on the left, critics on the right, so we are right in the middle where we want to be. i'm sure that the way to get out of this. massachusetts senator and potential 2020 presidential candidate liz warren unveiling her plan to lower drug prices creating a government run pharmaceutical company. could you imagine not? should taxpayers be footing the bill for this? we'll debate that coming up next. i'm ken jacobus, i'm the owner of good start packaging.
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david: elizabeth warren just unveiling something called the, quote, drug manufacturing act which he says the lower drug prices, declaring in the "washington post" that it's time to let the government manufacture generic drugs. it should taxpayers be on the hook for this? what do you think? what is the role of government? is that anything would vote on? and government run an amusement park? i mean, government is force. government literally has a gun. it is not voluntary trade which is supporting. what she's proposing is essentially socialism by definition. it's government controlling the means of production. a pharmaceutical manufacturer. government is john layfield could say could lead to one car
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parade, could make an iphone, couldn't manufacturer. this is a terrible idea and explicit socialism from a major senator. shameful. >> david, there's no industry in america arguably that has done more to promote human welfare than the american drug industry. drug prices in the united states are not too expensive or they're probably too cheap. we need more innovation. these are industries that save millions of lives. the american drug industry, over half of the latest blockbuster drugs that save lives whether it's cancer or heart disease or new drugs with respect to all sorts of diseases, their embedded here in the united states. we should be thanking the drug-induced dream. >> i think a lot of the viewers listening right now i'm extremely, extremely expensive bills are just shaking their head right now. is there any other country around the globe.
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>> that's because they are stealing our technologies. they're not paying for it. >> i understand. a lot of these pharmaceutical companies are getting subsidies. but if were believably -- we believe in competition. maybe the patent life should be a little bit shorter. >> wide, wide? don't you want a race for the cure for cancer and heart disease and multiple sclerosis and alzheimer's? come on, if you take -- they make you think other countries are working towards that as well? i want america to be first with that, but i'm just saying look at the cost, they're so high. a woman on the street and walk into an ambulance when she's bleeding out because of the cost to get in there. i completely disagree with you. >> i want to say that the last time i got an act that had affordable in it, it was the affordable health care act, which made health care less affordable. so that's a qualifier this will be more expensive. government screws up everything they do.
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>> i'm not supporting not at all. what i'm saying is that we do need to incentivize risk-taking. obviously, we want the market to be incentivize to produce these drugs. that being said if there is not competition once they become generic, would blame the government for that because there's too many regulations for competitors to come into the market. it's actually the governments fault that health care is as expensive as it is because it makes it difficult for the free markets to compete. >> the public manufacturing will promote competition. i mean, government institutions always crowd out. look at amtrak could the government took over train company, big train company. there used to be a lot of little train companies are now most of them are gone. >> and amtrak has never made a profit, david and every year. >> we pay for it.
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>> that's exactly what you see when government gets to the business of manufacturing drugs. you call a democratic socialist. but this is socialism writ large. >> drugs reduce the cost of the health care system. they don't increase it. when you have a drug that can take the place of very expensive treatment and keep people out of hospitals, drugs are the biggest favor of health care costs and they save lives. but, i have any sort of epilepsy. my daughter would give up everything she has for a cure for epilepsy. why would it want to do anything to slow the race for the cure? >> agree with you completely that the transparency within the system is just failing. the fact that the commercials now are going to put the list price on them. what is that even tell me? the list price means nothing to me. why is it so complicated in this country when it comes to drug prices? >> steven david, you all are students of history. massive parts of the economy, trucking and airline reservations, not commission.
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i give trump a hell of a lot of credit if you can go back the fda. train to john and amen we leave the segment. former fed chair alan greenspan has a new warning for investors. run for cover. ron paul says he feels like the bubble is about to burst. ron paul, the doctor is your joining us next on "bulls & bears." >> i'm afraid that the predict baldy lama in the market, the bursting of the bubble in the financial market and the subsequent downturn of the economy is very serious because we've never faced anything like this before.
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>> it's very surprising to see assorted stabilize and take off again. but it's happened in the past. however, at the end of that, run for cover. david: run for cover he said. federal reserve chair alan greenspan issuing a strong warning that the party's over on wall street printer wall street printer and is now his former presidential candidate ron paul warning also about a crash. you look again -- terrific.
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i know that you agree with greenspan's conclusion, but i suspect you think it's for different reasons. why do you think the markets about to crash? >> well, because it's expanded to match. but i agree with him. you know, we better get ready to run. i ran a little bit of track in school i suggest everyone gets their starting blocks because, you know, the school of economics teaches you you can spot where they come from to excessive credit. to which you can tell us what it's going to come and take a special event. i got to thinking i don't know when that event will be, but the way i was watching the business today, there's been a lot of talk about tomorrow. i sure hope it isn't tomorrow everyone has to be there, but that one thing we don't know. i think a lot more people worried about that than just myself. >> you know, dr. paul cover think it's ironic that alan greenspan should be talking about financial bubbles when he was responsible for one of the biggest financial bubbles in
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modern history of what the close zero interest rate policy is. what would you say to him about what happened in 2008 in 2009 with the real estate bubble? >> i'd ask a direct question but i wouldn't get a direct answer. we of course had a lot of discussions on matt and he did do exactly as you said. i remember when bernanke came in. the one thing they said, they were heading at the 07, 08 crash and he kept saying, everybody was saying and agree that interest rates have been kept too low too long. but then of course the policy wasn't changed, so they showed they could even do better. they went to the kiwi and that really wasn't exactly the right correction for an interest rate low rate too long -- too low,
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too long. >> dr. paul, is wondering particular valuation, if you're looking at the market overall or even looking at individual industries, it doesn't seem like any of the valuations of companies are particularly for up to your bubbly. so where do you see that valuation concerns that would put with the big market crash room here? >> that's the whole thing. maybe that's today. what about tomorrow. if you'd asked me, i don't pay close attention to particular stocks. but if you'd asked a few weeks ago about apple, sounds to me like a pretty good company. things come up in all the sudden they had too many cell phones and people say how are we going to sell them? so many distortions throughout. it isn't like everybody's got separate bubbles. everything is in the bubble because of the interest rates below. the most important information and investor can have for anyone
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who's saving money and businesses the price. the price of money. when you don't have supply and demand like in socialized medicine, the shortages are drugs, you can't judge them come you can make these decisions. that is what happens when you have these interest rate. it breathes into at the distortion. too much debt. just look, there's too much debt. the prices of bonds or rather frothy and i think the price of stocks very frothy anonymously somebody thinks they are or they wouldn't be selling them and why are they concerned depending on what the fed does tomorrow, they might make a trillion dollars decision tomorrow. that is how amazing i think it is. >> dr. paul comments kristina appeared as quickly i'm confused, though. encouraging the fed to go ahead and you do think they should not be any type of dovish pause in 2019? you think they should really go
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ahead with those hikes because like you said for so long you seen interest rates ridiculously low? >> there's no way to know a correct answer for a system that has been grossly distorted. people ask me all the time, what would you like the interest rate? >> i've no idea what the interest rates except they ought to be at the market. no man on earth and no federal reserve word could possibly get an inkling of what interest rate should be. this has to be decided by millions and millions of people in trillions of dollar supply and demand. it's an unknown. this idea we go through these gyrations, we frequently look at the fed minutes in their declaration. sometimes they'll look for one word. this is changing history. there was a time when we didn't have a federal reserve board federal reserve board and there was a time when we had a federal reserve that could manipulate every minutia. they're into economic planning and they are controlled. there is no doubt.
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their main motivation is to pump up the stock market. they did that with the bond markets, too. but the prices are too high now. and there has to be a correction. you just can't go on forever, you know, distorting the market and running up the data. we have a government inflation they will have to correct that. >> dr. paul, jonathan hoenig. thank you for being with us. seen already that banks loan market, these have been cracking just terribly. a lot of the investment that has happened during the federal reserve. if we get a correction, if we get a crash, what is the market or from the people blaming bankers, blaming the market in the same that we need more regulation. every time we have some kind of a crash whether it be sarbanes-oxley or any other is to get more regulation of financial markets and as you say when a bus. had we make sure that people understand this, that it's
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causing the problem. >> you know, and i think that's a crucial question and that's why i like to think i should be in the education business trying to teach people why this happens. because if you look at the depression, in the 1920s, they did make the decision. they looked in that it was the gold standard in too much freedom. too much free-market capitalism. and what did we do? we ushered in the age of fdr and on and on. that's the big question, will they do that? they are manipulating injuries. but this downturn isn't going to be trumps all. it's been the inflation prior to this. so if you don't look at the problem, more people are looking at the fed now than they used to and they feel better because they're looking at the right place. >> until there is a paul
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university, will buy you to come on and enlighten all of us and our viewers as well. with them to have you. please don't be a stranger. thank you very much. alexandria hudson -- she's in now she will be taking a week off for quote, self-care. we debated coming up next. ..
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[♪] david: alexandria ocasio-cortez says she is taking a week off from self-care. she said she went from doing yoga and eating rice to eating fast food and falling asleep in my jeans. >> the cost of having a six-figure job is you have to give up fun things and time. david: she says morning commutes on the subways are torturous. >> who cares, why are we talking about this? >> take a month off. take a whole year off. the less time she spends in government, the better. david: she has the job of a
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lifetime. she should work 24/7. we thank you for watching us, and we'll be right back tomorrow. hope you can join us. >> we have other ways we can get to that $5 billion that we'll work with congress if they make sure we get a bill passed that provides funding for the wall. but there is a piece of legislation pushed around that democrats voted 26-5 out of committee to provide roughly $26 billion in border security. including 1.6 billion for the wall. we have been clear with members of those republicans and democrats, the house and senate on what we want to see, and we want them to work with us at the end of the day. we don't want to shut down the

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