of worry yes we channel john hilson wrath and dabble in some fed predictions with the help of chris martenson and tom hartman of the big picture dismisses the fray with a unique perspective on the debt ceiling let's get to the show. jawboning isn't simply the province of those who work a few hours per week on the capital lest we forget the federal reserve chairman bernanke you sent bond and currency markets into a free for all in april of this year all because you simply hinted that the fed would eventually trim quantitative easing it would capture the world's attention was the two plus week affair with the shutdown that we're calling a debt trench as an whole never mind the very institution charged with funding the nation's purse held the world never mind that at all but fortunately the markets have resumed some level of normality and america's favorite band is being safely webcast to an i pad near you thank goodness to joining me now to discuss it all is bob it we're at hello hello now bob big. right into the shutdown you know we took a look at the evolution of the borrowing costs of the u.

washington to tell us a little bit about yes i had the chance to interview chris martenson and he is the owner of the prosperity com on this very subject and i first asked him about the asymmetrical fed policy that would be when the fed buys high and sells low contrary to what you're told to do in school all of a part of the q.e. so how does this work or not work in the reverse when the fed begins its exit strategy here's what he said. the fed now is going to do the reverse of that they're going to step into a market where they are selling into this market so that price of these things are going to be falling and the fed's going to say hey pimco wouldn't you like to buy a billion dollars of mortgage backed securities which are going to fall in price here you go and i'll guarantee you they're going to find all kinds of reasons that pimco doesn't have the money or what doesn't want to do that at this point and it makes sense it's easy to buy things from a market where you're giving them a profit it is hard to sell things to people who are going to end up taking losses on those same thi

worry yes we channel john hilson wrath and doubtful and some fed predictions with the help of chris martensonand tom hartman of the big picture dismisses the fray with a unique perspective on the debt ceiling let's get to the show.

of worry yes we channel john hilson wrath and dabble in some fed predictions with the help of chris martenson and tom hartman of the big picture dismisses the fray with a unique perspective on the debt ceiling let's get to the show. job owning isn't simply the province of those who work a few hours per week on the capital lest we forget the federal reserve chairman bernanke you sent bond and currency markets into a free for all in april of this year all because you simply hinted that the fed would eventually trim quantitative easing it would capture the world's attention was the two plus week affair with the shutdown that we're calling a debt trench as an whole never mind the very institution charged with funding the nation's purse held the world hostage never mind that at all but fortunately the markets have.