time now for a very quick break but stick around because when we return john of malden is on the show the chairman of malden economics sat down with edward to share his thoughts on the us his economic future hint malden is not super optimistic about it and in today's big deal edward harris and i are looking at this year's b. i asked report and what it says about our current post-crisis monetary policy experiment and remember you can see all segments featured on today's show on youtube at youtube dot com slash boom bust start t. and on hulu absolute dot com slash boom but now before we get a break here are a look at summer closing numbers of the bell come on back with us. to return and we band of the neil collins as a middle east ascends and regional civil war in ukraine becomes a failed state washington's foreign policy neoconservatives around the world they're playing with. right. first. and i would think. an army orders were very. well to the south now if all goes well over the next year the federal reserve will taper its quantitative easing program and hike interest rates sometime

time now for a very quick break but stick around because when we return john of malden is on the show the chairman of malden economics sat down with edward to share his thoughts on the us his economic future didn't malden is non super optimistic about it and in today's big deal edward harris and i are looking at this year's b. i asked reporter and what it says about our current post crisis monetary policy experiment and remember you can see all segments featured on today's show on you tube at youtube dot com slash boom bust start t. and on hulu absolute dot com slash boom bust now before going to break here are a look at summer closing numbers at the bell come on back with us. for you like me who want your comedy news and some t. want your comedy news to be a bare fisted no holds barred fight to the dad. but the truth vampire plunging into the necks of the corporate elite the billionaire freaks well they're going. well that's what you get with my new show projected tonight. and start forcing. the finish line of the marathon. for. the. well to. know if all goes well over the next year

that was john malden author of code red how to protect your savings from becoming a crisis and chairman of malden economics time now for today's big deal. big deal i'm the one the poker expert harrison and today we're talking about the b. i asked reporter bank for international settlements report and what it says about our current post crisis monetary policy experiments at work say very very dense topic so i want you to break it down for me really. hard to her since we are going to get you here you go this is the real test can you give me a general takeaway about this year's annual report basically the. the things that cause the crisis which is basically ultra easy monetary policy when the fed took interest rates down from six percent to one percent and created this huge housing bubble and then you had bubbles in other places in europe as a result of easy policy negative interest rates in spain and ireland that's what's now being offered up as the panacea going forward and so what they've said is basically you get the same outcome because that's what caused the crisis and they're doing