mark father believes -- marc faber believes the fed should have raised interest rates ages ago. do raise, how do they correct course now without throwing every asset class into turmoil? marc: the problem is that they should have raised the rates, in my view, in 2011 or never lower than two such a low level. now the problem is this, that the global economy is slowing remarkably, especially coming at the result of the slowdown in china. it strikes to other emerging economies. then we have weakness in the , whichd the japanese yen reduces global gdp in u.s. dollar terms. and that lowers demand for goods from around the world. in other words, world trade is going down and the u.s. is obviously affected. in this situation, it would be very difficult to raise interest rates at the present time. scarlet: which is where they are now. i want to read you something ben bernanke wrote in the wall street journal today. he said, if there is a problem with inflation, it is not the one expected by critics, who predicted repeatedly that it to a collapsing dollar and surging commodity prices. i k

marc faber, who publishes the gloom, doom, and boomer port says they may have waited too long to raiseates, but fund manager bill gross who was saying get off of zero just a short time ago, he says they have now become the world's central bank or perhaps made the same -- right move by standing pat, because he said the u.s. dollar needed to weaken. let's listen. gross: it has been negative for many of the months. in 2015, there has been presumably because of a strong dollar -- manufacturing has been eroded in terms of their competitive advantage. su: now, in terms of future, they say it has from a 10% because of the weaker than expected jobs forecast last week, and attention is now shifting to earnings and how the stronger dollar has impacted some companies as well as slowing global growth. we have alcoa kicking off the season on thursday and also ge in the spotlight green it led gains in industrials, up some 5% after one investor disclosed he is taking a $2.5 billion day in he made the think ceo, jeffrey ml, to raise the stock price. we also saw shares rising high. says it'sank risk/re

come in next, we will go to mark farber -- marc faber. ♪ vonnie: two big names in the auto business are pet toys runs 800 shots in 35 states and puerto rico. energyakeover in the sector. duke energy. the deal was worth $4.9 billion. residential customers in tennessee and carolinas. back.leant is fighting how they postned sales. valeant denies the claim and is performing a committee to investigate. are meetingeaders to formulate a new five-year plan and it cannot come soon enough. the country is finding a slowdown in manufacturing and struggling to shift economy to domestic consumption. china cut interest rates for the sixth time since november. is in mexico city and still with us in new york , mark, can central planning fix what else the chinese economy? marc: can you repeat the question? erik: i was asking whether you think they can fix what ails the chinese economy? marc: i do not think it is helpful. china 40 and 30 there has been huge economic development pilot because the government has been efficient moving people and building roads. it is a mixed economy. you have heavy governmen