then we got tears in dollars there was more versus sypher sculls including from such notables as nouriel roubini who famously predictors where when gold was over one thousand dollars. heading towards one thousand two hundred dollars that was it was a boy who was going to hold very very very sharply he was arguing let me jump in here we'll get to remain in a second but one thing that's come up that's counter-intuitive i should say counter to every law of economics known the price drop has caused record global demand for gold bullion people lining up out the door in shops and bank of india china how is this commensurate with the falling price is that make any sense doesn't this prove without a shadow of a doubt that gold just like live bore just like the energy market just like the credit default swap market is being managed by the government and now we know the government works with the n.s.a. through their prism program to trade on insider information inside data and to manipulate markets isn't this phenomenon of record demand for gold and falling prices proof beyond a shadow of a doubt that the

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and he's not normally known for his optimism, but speaking to cnbc, nouriel roubini gave his endorsement of abe-nomics. >> actually, i think abe-nomics is not just a monetary and fiscal stimulus, it's increasing nominal wages to boost consumption. if they do the first two not followed by the structural, it would be good growth this year and a slumpback again. if they do all these things, and it is likely they're going to do them, then deflation is going to stop, the stock market will go up. >> that was nouriel roubini. joining us, richard gibbs. thanks for joining us. it's indeed the pension fund reor tare re reorentates where it invests, what impact is that going to have? >> it's almost like directive lending, really. this is directive investment. it's picking winners in many cases and that's the way it will be seen. really where the rub comes is whether or not businesses themselves can be encouraged to invest more indeed in that capital spending. we've seen the biggest decline in capital spending by firms since the tsunami and the fukushima incident. we need to see businesses deepening

. >>> coming up after the break, nouriel roubini says there will be serious con kwenss for markets ahead. the hindenburg omen we discussed earlier will be child's play. >>> if royou're saving for retirement, listen up. we talked to two different experts on how and when to save. are you doing it right? >>> the irs scandal continues. remember the irs training videos spoofing star trek and kucupid from a few months back? how much they cost congress this time around. continuing hearings as we speak. the latest on the scandal and another hearing happening right now. "closing bell" will be right back. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ >>> at no tididn't necessarily s way this morning. but the market -

we begin this evening with a look at the global economy with ian bremmer and nouriel roubini. >> our point is this situation is not a stable eck lip-- equilibrium, take for example the eurozone, you can't have just a monetary union without banking, political economic systems, either you move towards more integration or you will have fragmentation with integration. so the situation we are faced right now in the global economy, say the eurozone is not unstable equilibrium therefore a new abnormallal that cannot be sustained. >> rose: we conclude can colum mckan without won a book award for his novel, his new book is called transatlantic. >> and this is the beauty of fiction. the history is fantastic and sociology is fantastic and all of these things together i will never prioritize one or privilege one over the other. but fiction can get into the small moments where whoever it happens to be, lieu polled bloom, turn of the corner. somebody brushing their teeth, somebody, you know, feeling a hand on your face, these things are that history doesn't necessarily write about but they are sma

we begin this evening with a look at the global economy with ian bremmer and nouriel roubini. >> oura stable eck lip-- equilibrium, take for example the eurozone, you can't have just a monetary union without banking, political economic systems, either you move towards more integration or you will have fragmentation with integration. so the situation we are faced right now in the global economy, say the eurozone is not unstable equilibrium therefore a new abnormallal that cannot be sustained. >> rose: we conclude can colum mckan without won a book award for his novel, hiw