will stop the globe and crave unprecedented nightmarish economic hardship as being fed by mark carney janet yellen mario draggy the central bankers and their theories about deflation which have been discredited on the show over and over over again how many times are deployed up there to get there is a very strange thing where you really gauge your percentage of traits you're causing the very thing they say you're fighting and then what's gonna happen is out there in tokyo tokyo is going to be like oh everything's great at. the bottom. will stalk the good buzz. the table there's a shell this is the kind of damage a bunch silicon do this is what fun silicon do to the global economy you keep interest rates too low and too low for too long. ok ok down now the article then goes on to point out that the danger of this to the investment market the flows on both the buying side and selling side continue to fall so takehiko you've seen oh the chief fund manager at mitzi who trust a banking company he said falling volatility is a very serious problem for traders and dealers who are on able to get capital ga

communicate in the way they use the form or the word communicate because whether it's an exit for janet yellen or mark carney or actually how far and fast and what the time frame is or when we look at what's going on in japan, the notion of how much reflation they're looking for, what's under control, what isn't. i do believe it's about quid pro quote. that the communication, the effect of the market is fascinating. whether you think that the level of the stock market really is synonymous with the economy, but that's the conclusion everybody runs to, or that when you have really low interest rates, that means you have a real high amount of credit that's available, and in my opinion neither of these are really true. yes, there are good things about the economy, for sure. but is it really on par with the level of stocks. and on interest rates, here's where we ended up i think getting sold a bill of goods because from a central banking standpoint everything done to interest rates was for the notion of increasing available credit. and if you're the big boys you're dealing with t. shadow banking market it is avai

trust people don't trust each other and that's why nobody is in the market but janet yellen and mario jackie and mark carneythose are the only people in the markets are those people because they're the ones that are rigging the markets now also. wall street examiner when looking at the story points out here this banker doozer saying well we're it's not like we're driving bus loads of kids over the cliff but they point out that there is the fact that one of five children in the u.s. now lives below the poverty level the latest data available shows there were one point two million homeless students during the two thousand and eleven two thousand and twelve school year a ten percent increase from the previous year and a seventy two percent jump from the start of two thousand and seven two thousand and eight an all time high so they are driving people off the cliff it's just not as obvious to many people to the administration and the bankers other services are creating wide scale poverty on a scale that you'd have to go back to the civil war to find a similar unbelievable surgeons in poverty due to the same kin

. >> mark carney did a 180 last week. can janet yellen do the same?y yes. >> there we go. i will be back "on the markets" in 30 minutes. u.s. equities are turning around a little bit but it is pretty subdued. "market makers" is up next. ♪ --saying goodbye to the irs medtronic joins a number of american companies escaping the by a deal andm reincorporating overseas. the imf cuts its production for the u.s. economy and we will talk with the imf managing director christine lagarde. almost everything is on the table, the u.s. may cooperate with iran as it looks for ways to stop militant rebels throwing iraqi into chaos. we will speak with the former defense secretary, bill cohen. welcome to a new week

bernanke try to do it and janet yellen try to do it and we found mark carney did that last week and nowwhen can they pivot? what is the catalyst? if you have an interest rate of two percent and you go to three, that's a 50% increase in a mortgage. that's an enormous difference. if you are at seven percent and go to eight, that is a small interest rate difference. they have all said the same thing. the idea of someday volatility returning, what will be the catalyst to get follow fertility going? do you pin it all on central banks? >> a lot of it is but if you look at the way volatility behaves over the long run, when you get in the middle innings of a recovery, it starts looking like credit spreads. what is the risk of the next recession? what's the risk of something bad happening? banks, thet central economy tells you that volatility is likely to remain low as long as the cycle extends further and central banks are telling you they have your back. are talking about low volatility and high complacency. is that reflected in the venture capital world? >> something fundamental is going on n

janet yellen said there is no mechanical formula for when rates will rise. she has moved on. she has not had a bernanke moment. i will tell you why. i am pretty sure mark carney neither had a bernanke moment nor was unsure how to communicate. he was clear how he was communicating. forward guidance. when peoplepeople, go to study communications in years to come, those will be the three leaders they look at. >> and they are following her. manus cranny, thank you so much. >> what else is on our radar? new typedeveloping a of flat panel display. it can be made into any shape. they are calling it free-form display and the technology reduces the size requirements for a screen's outer edges, allowing nonrectangular designs. sharp is expanding panel outputs in china's growing market with this product. >> amazon unveiled its first smartphone, the fire phone. the device has tied the online retailer's other services to make it simpler for users to buy items from where else but amazon. 199phone will start at dollars and will go on sale in the u.s. on july 25. we have more on that story later. >> parliament in spain has sworn in a new king. the new king will face a series