i spoke with larry lindsay. he had an interesting perspective. the fed could be wrong in terms of its economic growth forecast. if you don't get 3%. a problem for the markets. if you do get 3%. they raise rates faster than the market is anticipating. faster than they,a to this point. do either of the scenarios worry you? >> i think that first of all, the risk that they're overly optimistic. that's been the problem all along. the fed is constantly overshot in terms of its forecast. i think if there is any likelihood, one way or the other. on the down side. >> missing. >> the forecast on the downside. exactly. the sense that the economy might pick up a little bit faster than the fed thought. you have to remember, they're not targeting gdp. they're looking at the labor market. if you are looking at 5 1/2% unemployment rate. could the fed hold off long from raising rates? >> i while before we get to 5.5%. bullish projections don't put it at 5.5%. the 2015 number may be later. >> if we raise rates. early 2015. we have time. more economic numbers. this

let's get back to our guest host larry lindsay, president and ceo of the lindsay group.xhaustion? >> qualitative. >> qualitative. >> we've been focussing on quantitative for so long meaning more spending and more regulation and more money. we're kind of out of ideas. we don't have a lot of new tricks. our sleeve and what we got to start doing is thinking about how to get things right. rahm admitted they basically got obamacare wrong when they passed it. they should have done it, you know, in a more efficient way. i think that's one area we'll have to start working on quality. we'll need more quality in bank regulation to get the banks running. we'll need new ideas in monetary policy and we're certainly going to need new ideas in fiscal policy. the problem isn't quantitative, it's qualitative. we've got to do more with less. >> i remember -- i think you told me that rahm -- you told me romney was going to win. >> i did. i did. three days before i got -- i got my numbers wrong. >> what about november and the senate? >> we're saying it's going to be 51-49. republican gain o

larry lindsay said some scary stuff.her we -- you don't grow at 2% or -- >> meaning the market is priced ahead. did you -- shaffers is in cincinnati, isn't it? >> yes. >> did you grow up there or did you have to move there to take that job? >> i moved here. i went to xavier in cincinnati. >> oh, you did go to xavier? >> i sure did. do you like the flyers or do you not like them? they're only 30 miles away, but they beat the bear cats sometimes and they beat xu sometimes. do you like them? >> no, that's a big -- on xavier. i don't like them very much at all. >> good. they are good. dayton is only, what, 50 miles away? >> about an hour away, exactly. >> it's your last chance in ohio. >> it's a rival, so -- >> you have trouble rooting for them, do you? all right. >> not you? >> i just watch them and i just love that they're there, 11th seed or 10 seed. yeah. >> all right. coming up, another strong quarter for redhat. >> we have to get back to that flight attendance. opportunities aren't always obvious. sometimes they just d