you know if you can control this inflation if you could do something if it gets too hot you know ben bernanke it argued they could just stop it in a few minutes by raising interest rates but whether or not they could do a paul volcker sort of situation as happened in 1980 when he ratcheted up interest rates to near 20 percent will say that they can't and stocks are clearly in a bubble and as a result of all this money printing transfer payments and ease of access through apps like robin hood and others you've got folks who are getting money from the government and going right into stock market speculation and buying options and going on margin and the margin pool has never been higher not even before the crash of 1929 did you see as much margin on a percent basis then you do right now is the highest. based margin few old stock market ever in history and again that is a function of a bubble within a collapsing system when those bubble star bursting pop pop pop pop then you have. a recipe for a global conflict sadly because there will be no way for one country just survive without taking the re

jamie dimon are heroes and they save the system and their gods and powell and janet yellen and ben bernanke the save the system so we'll see what actually saving the system has meant and is part of that c.f.d. as part of the explosion in leverage that has happened the mark we know for a fact the actual cottony manufacturing wealth creation has not increased at all since 2000 right so what is this all based on and if you're going to have these hedge funds like market goes collapse and possibly take down the system like how fast will all spiral right because let that guy's leverage of course collapse him he doesn't have to pay any of it his company has a hell still be a billionaire and all these banks which will eat the cost but the banks then give it the cost to the regulators the central bank the taxpayers and all that stuff so in the united states. february finra margin debt 15100000000 dollars month on month to $813700000000.00 a new record it's up 69.8 percent from last march's low that s. and p. 500 is up 81 percent during that period all good except it is easy to forget during good tim

as one reporter said to ben bernanke, i cannot eat my ipad.s extolling the virtues of cheaper and cheaper technology. of course, rich people have more money to spend. they are not hit as hard, but they also buy different stuff. bloomberg did a study of how inflation is hitting the top 10% compared to the bottom 10% and median earners. the top 10% are doing a lot better. if you spend a large portion of your income on yachts and helicopters, they have gotten cheaper. i actually found a bloomberg index of german both send yachts , and i am telling you, now is the time to buy. those presses have seriously come down. coming up, we discussed the key takeaways from jay powell's remarks, as well as earlier today the economy with a chief economist who is going to go through all of this and more. i had the pleasure of speaking to her earlier, it is a great sent to get her thoughts on what we should expect from the fed going forward as the markets start surprise in a rate rise. matt: i am matt miller with amanda lang. i feel like i cut you off for a mome

. >> ben bernanke and janet yellen, everybody that was involved, trying to get the feds back to a better place as well, i thought there was an opportunity to raise the engagement and i do spend a great deal of time, actually enjoy it and i want to hear what is on their minds. i appreciate the dialogue and i feel likee i learned about them and they tend to be very interesting people and they are interested on whatd we do and im certainly going to keep doing it. >> when i see members of congress as it in the waiting room a lot of times. >> estimate happens all the time. sometimes you sit there foror an hour and it's fine. it's just part of the deal. we are a creature of congress. the statutory oversight over this agency in our government. and we were car that. >> we have invented seven for quite ae while. >> it's certainly okay to operate with five or six. and that is very difficult. but the five or six is fine in the way that it looks is the president has the right of nomination and confirmation. we have no official role to play whatsoever. as a matterio of courtesy traditionally they hav

one thing to note, i'm a member when ben bernanke's a voice went from the nervous he was to being very calm, it is a very cohesive press conference. that is what impressed me yesterday. it was solid from the beginning to the end when mckee was rude. jonathan: he got the last question. about $120 billion a month. can you do the same? the signal you would send with cutting that would be strong to say the least. tom: mckee is asking the question and i'm watching the yield. the yield wants to go lower. i think michelle took the hook and said goodbye. lisa: i'm trying to figure out where to place that sound that tom just put out there. jonathan: you have not heard that before? lisa: ok. i will say this. i think it is fascinating how much of an experiment we are in in terms of biden amplifying joe biden policies on the same day he announced nearly $4 trillion in spending plans. we have jay powell saying we are going to hold rates as long as we can. jonathan: they are going to keep waiting period coming up, steve. looking forward to the conversation. here her equity market. looking at all-tim

. >>> i'm john berman alongside ben bernanke. >> brent: brianna keilar on "new day." >> a "new york postorter says she's quitting after the paper forced her to write a false story about the vice president. >>> plus, new video sheds new light on what happened in the moments leading up to the death of a black man at the hands of the police in north carolina. >>> and the brawl between billionaires. why jeff bezos is livid at nasa and how elon musk is trolling him in the process . >>> good morning to our viewers here in the united states and around the world. it's wednesday, april 28th. greetings from washington, i should say. >> that's right. >> tonight president joe biden will address the joint congress. >>> and masks, gates, empty green acres. >> among the crowd, former vermonter, former president, but not the 45th. ♪ it was my way ♪ >> hour, three of his supreme court picks were there and so was lady gaga just before 12:00 and, of course, jenny from the block. ♪ >> biden retires the sharpie and unravels his predecessor's record with a ballpoint, the wall, economy, covid. he talks about t

about the exit strategy because they do not want you to see the yield curve jump as it did when ben bernanke taper tantrum in 2013. at this point what we are looking for is a quiet meeting from the federal reserve. alix: that is basically michael mckee saying it will be boring. i'm just interpreting what he is saying. michael: but i will be on the show. alix: it will be fun because michael mckee will be there. we have coverage, the fed rate decision in chairman powell's news conference. stay tuned for balance of power with david westin. this is bloomberg. ♪ ♪ david: from bloomberg's world headquarters in new york to our tv and radio audiences worldwide, welcome to "balance of power," where the world of politics meets the world of business. i am david westin. president biden addresses a joint session of congress tomorrow evening and part of it will be given over to new social programs he proposes and paying for them with increased taxes. for a preview we welcome laura davidson who covers capitol hill for bloomberg. it seems like everyday there is a new tax proposal. what is the latest? laura:

now as with today's fed meeting it's pretty much exactly a decade since the fed and ben bernanke firsts conference that comes along with a rate decision remember, they used to just put out a statement and a decade ago, almost to today, we started getting pressers, well, steve liesman and other colleagues at cnbc noted since that first press conference, a friday good run for stocks and amazing run for tech look at that, since april 27th, 2011, the first fed presser. the dow is up 117% s&p up 11% not bad but the nasdaq is up nearly 500%. in other words, over the last ten years if you just blindly bought a nasdaq etf. never thought about it just threw money into a nasdaq etf and vanished for ten years and opened up your statement you made nearly five times your money in that time of course, it's not just the fed sending stocks higher, but easy money policies pushing a lot of money to growth stocks and certainly, a lot of our viewers' wealth has grown in that time. now, your top stories this morning. president biden tonight set to unveil his ambitious american families plan to congress. am