let's talk with keith fitzgerald. in the heat wave, people wave good-bye to the money because power outages sweep the country, rising bills cst hundreds of bucks more each much. gay, you say this is green energy's time to shine. >> exactly. i mean, you look at your bill, and you would think an entrepreneur says, hey, this is the time for the home windmills or solar panels to work, and this ets to my point why i think th thing is smoke and mirrors because now is the time to take advantage of the high price electricity and come in with less epensive green energy, and, yet, i don't see the entrepreneurs knocking at the door. >> what do you think it is, keith, the technology's not there or not enough government subsidies? >> oh, an interesting question because, you know, the idea that the government can spend money better than a priate entrepreneur is preposterous as the concept of central intelligence or the nsa lately. this costs america $300 billion

we want to bring in our man keith fitzgerald from portland, oregon.i look at the global economy, the more it looks like a slow moving giant train wreck. it's portugal, the middle east, and obama care, unravelling, creates their own headaches and creates the headlines. which are the most important. which ones are going to ultimately dictate where the market goes? >> you know, charles, that's a full plate because there is a lot to be concerned about. to me, what it comes down to, two primary inputs. how good or bad is the economy, that's the jobs number and directly relates to the fed and the middle east. what's going on there is critical not only for democracy on the planet, but the oil pipelin pipelin pipelines. charles: you know, you used the word good, is that the new good? the markets are accustomed to celebrating mediocrity, but good? >> celebrating mediocrity, i'll have to remember that phrase, that's good. it's good enough that i'll take it. what that means we're actually creating value in the economic chain despite the best efforts. the way i f

. >> keith fitzgerald is with us on the phone a lot to cover and go through a fast.s i can ma-- the president is making the first of speeches on the economy. and i say it's not relevant to the markets. the administration would have a plan to do something and whipping out the campaign language, vision and change and the kitchen table, hoping to invoke some sensation of urgency. you know what? i think it's going to fall flat. the markets don't care and frankly, most americans are annoyed beyond belief. >> meredith whitney says the detroit bankruptcy is a wave of what's coming, that means municipal bonds not terribly attractive. what say you? >> i disagree in terms of the context of wave. but it's the biggest canary in a coal mine we've seen in years. if we don't pay attention we're talking entire states like california, and municipalities like chicago are sooner rather than later. stuart: apple? a stellar report on the sales of iphones. you're not a fan, and will you buy the stock? >> i'm still not a fan and won't touch it with a ten foot pole. these products are tired