and i've got to tell you greg valliere is my must read. i read greg's notes every morning.e's my go-to guy. i think what this means, a couple of things. even with a fed to do something it wasn't a shift in policy. they were going to remain accommodative. so this was going to be a nominal thing. i think the fed put is gone. so if markets become a little bit shaky i don't think the fed rushes back in. i think that they're out. but i don't think there's any chance they raise policy here. i think yellen said as much yesterday and told markets that should something else happen this is that something else. >> so greg, what's the next step in your book? i mean, obviously we need to get a new speaker. and that in and of itself can create uncertainty, depending upon who that person is. >> yes. i think it's probably going to be kevin mccarthy. he's the odds-on favorite right now, sue. he's going to have to listen to the right wing. he's going to have to be much more restrictive on any kind of new spending. he's not going to be able to deal with nancy pelosi as john boehner did. and t

do we have greg valliere? greg: sorry. let me make this point.ten 80 democrats to go along with a bill keeping the government open. with boehner gone, will this be kevin mccarthy's first assignment? to get all of these democrats to vote with republicans? i disagree with my friend phil, but i think this increases the chances we have a shutdown. tom: where it is -- identify where the moderate ofublican is in september 2015. >> he or she is out of office. it sounds like i am being sarcastic, but that is the realistic way things have gone. tuesday group. the moderates that would get together on capitol hill and it would often involve both parties and they would talk solutions. that group, not unlike the blue democratic side, have been phased out. that has added to bain's difficulty. 30 five members of his conference that are not going to agree to anything that would look like a compromise. up.nt to bring one thing i have been e-mailing back and forth with people who are inside the boehner circle. their point is john boehner had tried for two decades