matt miller joins me right now. matt, i'm glad to have you talk with me about these details.do you think? are we moving away from the recession? >> we watch cnbc every night at 8:00, and they have this segment called "the great recovery." i'm not jumping on that boat just yet. as you said, housing prices continue to fall, people are still losing jobs, they're just losing them slower. people are saving more, not spending much. there's a load of credit card debt on people's balance sheets. i don't think we really get out of this until late next year. there's a lot of stimulus dollars that still need to be spent. so a lot of that has to be pumped into the economy before it really comes up. >> so give me good news here. what are the signs that we are coming out of a recession? >> good news is that the stock market is up 50% since its bottom in march. the stock market is a predictor of recovery, it is not a measure. it looks into the future and says companies will earn more in the future, and that's what that's telling you. will there be a correction later in the summer or in sept

matt miller joins me. good morning. >> good morning. >> what are the signs of recovery?u see job loss slowing, and that's a good thing. it's a predictor of future performance of the economy, but really this is going to be a slow process out of the recession. we're not going to get out of this by the end of the year. we'll reach 10% unemployment by the end of the year, and we have to look at the big picture this is a huge shift and has to be slowed down before it can be turned around. >> that's real hard for the folks living it day to day. >> and remember in the media we have the really bad stuff for three months and turn around and forget it ever happened, and then there's the middle period where it will be painful for people. this is really bad. people are losing their jobs, living day to day and live off their credit cards. everyone was living beyond their means, and i think that spells long-term trouble for the economy. >> and the retail sales, they're falling as well, because people are afraid to go out and spend. the back-to-school sales are down considerably. they'

matt miller of forbes magazine. we appreciate t. we will do lunch. >> let's do it. >> have a great weekend. see ow monday. that's it for us on "power lunch." >> "street signs" is up and melissa is here for erin coming up in 30 seconds. have a good weekend. >>> ford and gm are making optimistic comments about sales figures to be released next tuesday. cash for clunkers will spur the first increase in over two years. strong demand is pushing the price of sugar up to more than a 28-year high. although the tech rally faded, they are up more than 4% after raising the sales forecast. i'm julia boorsten. >> the rally seemingly ran out of steam, but there is a silver lining. dell up 3% and i'm melissa francis for erin burnett. here's what the street is talking. has too big to fail been super sized? whether the banks have been have become so big we could have a bigger problem. now that the bubble has burst, do we have the money to invest in the biggest of the year? before you buy that kindle, find out if the competitors have the keys to kill

we also have matt miller at the center for american progress. guys, i've got to tell you, this story really chaps my hide. i'm sorry, i got so excited about this i didn't see matt is also the author of "the tirny of debt ideas: letting goes of ways town leash the old prosperity." sorry about that. as i said, they force people like jamie dimon to get on the train, snand security lines, whatever they needed to do. jamie dimon out there ostensibly sabing the economy. these guys want to fly on gulfstreams to go spend my taxpayer dollars more quickly. greg wlarks do y greg, what do you think? >> you have to ask the question what were they thinking? are these people so tone deaf? when we talk about tone-deaf auto officials or big bankers -- >> and they were so smug. >> what in the world were they thinking? don't they realize that perceptions matter? >> matt, what do you think? >> i agree when it comes to tone deaf. i actually think congress was right to hold the ceos' feet to the fire, folks who were seeking bailouts, who make millions of dollars a yea

the cme, jessica from the ms global and the nymex from matt miller as well.ng to start with you. record numbers of debt auctioned off this week successfully. we have seen a lot of activity which people are talking about risk being replaced and the like. tell us what the markets are telling you. >> the investors need to recognize that there a lot of cross curns affecting the market and we are seeing better data and libor is at an all time low and people want exposure to the idea of the global recovery. on the other hand, we witnessed that the news in china is negative. we are seeing lending and people are nervous about the emerging marks. if you look at the outlook going forward. where is the demand going forward? on that note, there is very, very much overleveraged and the bond market is saying well, those sort of factors will support us in the upside moving into next week and we look at the payroll number. the barometer for jobs and the treasury will be sensitive to that. >> labor day is late this week. we have a week to go and a lot of economic data and som

matt kiby. before joining freedomworks, mr. kiby was the former senior economy for the republican national committee. before that he was chief of staff for republican congressman dan miller of florida. republican officials and the health insurance industry and for-profit hospital consulting firms and for-profit cancer treatment centers and all of these other people have every right to participate in this debate. of course, they do. they have every right to go to these events and yell no and say that there's no reason to reform health care. they even have the right to scream at people who actually want to talk about the fact that there might be need to reform health care. that is their constitutional right. they are americans like any of us. nobody is suggesting that they can't participate in this debate in the way that they are. what is dishonest is to do it in a way that disguises who they are, that disguises their role in it, that disguises their financial role in it. washington lobbyists and health care executives and former officials have just as much a right to shut down health care reform as anyone else does. these folks have just as much a right to derail the proc

to first and matt palmer retires three consecutive batters but not before nick markakis knocked out sean o'sullivan the two run homerun to tie the game. what does greatness taste like? millere. (announcer on call) off the glass, centered in front... oh what a great move, another great move... he skates in on goal... he scores! unbelievable! it's all over! oh my... (announcer) that's what greatness tastes like. triple hops brewed. great pilsner taste. miller lite. taste greatness.  >>> we like it call attenti to all the youth sports teams, coaches and player. get ready for youth sports day sunday, september 20. the red sox are in town. so your football lacrosse field hockey basketball baseball or any sports team can come here and take part in a pregame parade at oriole park field. that is always a thrill for the youngsters to walk on the field here at camden yards. there is a strike on the appeal. erick aybar has had a big day. >> three runs in the first, couple if the fourth. solo homerun to abreu in the third. but in the game. the angels have scored in three of their five at bats against guthrie. after the orioles got back in the second time. now this game is tied.