joining me now with more on the bond market, jim keegan, chief executive officer were $30 billion of going to continue producing those bond purchases, the ten-year backed off the three percent psychological level. what does that mean for the market as a whole gecko -- as a whole? >> stopping quantitative easing and or slowing it, what actually happened is interest rates have fallen and stocks have fallen, not rise. exactly as it has with qe1 and qe2. we are not at all supplies by it. they made it very clear they will be on hold for a long time. think at least until 2016, but you could make the case as far as 2018. we think short rates will not be moved by the fed and long rates in a low trend growth environment where people have to start questioning what trend growth and potential gdp growth is in the u.s.. it has been in decline since 1960. this recovery has been the weakest recovery in the postwar time. the only were analogous to this would be the 1981 session. 18 quarters into it, we were up 4.5%. on average.3% 23% of that is on inventory. responses have been cyclical. what does t

. >> jim keegan joining us. we are on the markets in 30 minutes. "money moves," is next. ♪ ," welcome to "money moves where we focus on alternative assets. . am deirdre bolton we show you what entrepreneurs are doing, as well as hedge funds, private equity, real estate, and more. blackstone posted record earnings. we will tell you how it closed out at a profit. it is a day of founders. a superstar tech m&a lawyer turned entrepreneur is here. she is the founder of giggle. cred, the founder of news will be with me. and, a super-funny super bowl ad. squarespace will be here. we start with the largest asset manager in the world and its record fourth-quarter profit. our pe specialist is with me. blackstone knocked it out of the park. what specifically gave the company record quarters -- it is basically two categories, real estate and pe. >> let's talk about real estate first. private equity makes money from selling assets all right, and then they get fees for managing funds at a performance level that exceeds thresholds. complex,gate office they sold a