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"new york times" paul krugman, he has got a new column, it is out today. the economic future isn't what it used to be. he says we're in the midst of the great shortfall. that economic growth isn't nearly as strong as it should be after the great recession. your reaction to that, please, larry. >> he and his friends had eight years to work on it. didn't do so well. president trump comes in, mr. krugman automatically declares, what a permanent recession and bear market in stocks? i mean he is a never-trumper. that is putting it mildly. look, the state of our economy, is pretty darn good. i mean i think any objective, empirical view, when you take a look at jobs, unemployment, wages, you know, take-home pay, fatter paychecks, blue-collar jobs, business investment is booming for the first time in maybe nearly 20 years. after tax, after inflation income is rising. and the gdp numbers overall are rising. we're running better than 3%. you know, all of these things, they said it couldn't be done. that is really to me, the biggest story of the year, stu, i have to

trade value has collapsed ninety seven percent since it was launched than nineteen thirteen and as paul krugman as the dollar is backed by the pentagon is backed by violence and the dollar is. sholay tie. to the american empire well then that's why it's interesting that peter coy economics editor of bloomberg is now asking is it time for a regime change that's not very poor asking that question is bloomberg news asking that question yes well that's right and because the the writing is on the wall as the saying goes the other countries are looking to the dollar rise that's the phrase that has become popular in the last few years dollar as asian china russia definitely on the dollar is asian camp they are hoarding gold they're building a gold as the play dollar rise they are looking for the dollar to trade significantly lower. and so yeah you're right in the mainstream media is pointing out the fact that we've been talking about it for a while checking our heterodox economist sources but now the heterodox has become the orthodox well based on his suggestion in the title the tyranny of the u.s. do

trade value has collapsed ninety seven percent since it was launched nineteen thirteen and as paul krugman a said the dollar is backed by the pentagon is backed by violence and the dollar is . sholay tie to. the american empire well then that's why it's interesting that peter coy economics editor of bloomberg is now asking is it time for a regime change that's not very poor asking that question is bloomberg news asking that question yes well that's right and because the the writing is on the wall as the saying goes other countries are looking to the dollar rise that the phrase that has become popular in the last few years dollar is asian china russia definitely on the dollar is ation camp they are hoarding gold they're building a goal as the play dollar rise they are looking for the dollar to trade significantly lower. and so yeah you're right in the mainstream media is pointing out the fact that we've been talking about it for a while checking our heterodox economist sources but now the heterodox has become the orthodox well based on his suggestion in the title the tyranny of the u.s. dol

. >> paul krugman said things were going to go to in a handbasket. >> the recent consumers in a highereople is because they are confident in the future. they're optimistic in this president made them that way by promising tax cut in pulling back on a lot of regulations liberally smothered the economy. it is real. >> couldn't say enough good things about tax cuts and the regulation. the president has made you more free. people don't vote their pocketbook. they about their morality. deregulation tax. deregulation tax company can americans were free. >> making people more prosperous are able to move up to better jobs. david: freedom and prosperity is not a bad duo. >> my hair started to come in a little record 2016. david: everything is working better. next on "bulls & bears," tim cook boston is peers over privacy concerns and we need that kind is her laws they have in europe. should we really be taking our cues from the euros? more on that coming out. i've always been about what's next. i'm still giving it my best even though i live with a higher risk of stroke due to afib not caused by

in the "new york times", paul krugman accused the republican party of harboring authoritarian impulsesparently republicans have been chasing prominent democrats out of restaurant recently and banging on cars. oh, wait. there's that projection thing again. hillary clinton is so worried about how dangerous the republican party has become, those angry mormon grandmothers in black bandanas you're seeing in portland smashing windows, that she no longer considers republicans americans or even fully human. according to hillary clinton, you no longer have to be civil to republicans. you can do whatever you want to them because they deserve it. >> you cannot be civil with a political party that wants to destroy what you stand for,iv what you care about. that's why i believe if we are fortunate enough to win back the house and/or the senate, that's when civility can start again. >> tucker: yeah, when we win, civility can return.iv so there you have it. the perfect distillation.n. there is the most recent democratic presidential candidate, the leader of herit party by default endorsing viciousnes

people like paul krugman coming out saying, when will the market recover in short never.that was sort of personal, political emotion getting ahead of logics and the idea this would be a president who encouraged business, who cut regulation, who cut taxes. we saw the market take off. could this be that moment again? >> let's hope so. let's hope that good, responsible reporting like you guys are doing here, you know, tends to settle, calm some of the anxiety out there and we have a good day tomorrow, thursday, and friday, bring this thing back up where it should be, melissa. melissa: bob nardelli, thanks for coming in. come back soon. connell: really interesting how we trade tomorrow. good numbers tonight versus expectations. more than usual this will be closely-watched tonight. president trump is getting set to depart for wisconsin every evening. we'll talk about that before the midterms, next. it's a pretty big deal. so i can trade all night long? ♪ ♪ all night long... is that lionel richie? let's reopen the market. mr. richie, would you ring the 24/5 bell? sure can, jim.

amazed to see the failing "new york times" peter navarro right here and right next to a piece by paul krugman, for goodness sakes. it's a very important piece and it talks about the danger of relying too much on foreign companies for supplying our military services with what they need, particularly a country like china, which this week we just found out was involved in another hack attack. >> so what we did with this report, about a year ago the president signed an executive order, ordering an historic thing, the first assessment of our defense industrial base. d.o.d. worked with all the agencies of government, came back and what did we discover. we discovered over almost 300 gaps or vulnerabilities in that which we are going to fix quickly but things like we only have one company that builds propellor shafts for submarines, only have one company that builds gun turrets for tanks. space infrared detectors which we need for missile defense are compromised. these kinds of things are difficult on the foreign dependency side which you mentioned. we have printed circuit boards, machine tools, all

seems moderate i can't say i don't know anything about the valuations on the stock market i mean, paul krugmanay i saw something where he said he's not qualified -- he doesn't know why the stock market went up or down i don't know better than that myself at the moment but i will say that what is of great interest and importance is the ability of the economy to continue along its current path even with the increase in volatility we've seen. so the fact that the economy can continue to go, labor market bs stro -- settles out, it would be sound for the current economy. >> becky, go ahead >> president evans, thanks for being with us today. you said the economic fundamentals are strong. but we've also started seeing some weakness in some areas. particularly if you look at places like mortgages where the 30 year fixed mortgage is 5% and up that's affecting home sales. you see it in auto sales and you see it in companies. we're getting into earnings season, so we're starting to listen to what companies and ceos are saying they see ppg came out with earnings it was concerning because they talked about

my interview years ago and familiar guests, including michael spence, robert shiller, and paul krugmane somebody on who has a direct connection, so direct is bill about her with mr. norton house -- willem buiter with william nordhaus. it -- andn and it is is it correct to say he jumpstarted your career? i had forgotten to take my sats. tom: some of our staff did as well. willem: you blow it. here he is, he has written the book. what was the nobel prize winner like 40 years ago? willem: he was a great teacher. he taught macro economics and i was first. he was inspiring. back 60, 70, 80 years. michael spence worked with john hicks years ago. you wrote the definitive remembrance of james tobin. to bringhat they did economic growth forward? nordhaus andway, tobin started modern environmental economics, integrated with growth theory. .t is interesting to have romer aus showed constraints on growth from the environmental side. tom: so much of this comes back to solo. from the london school of economics with kenzie and limitations. is the nobel committee trying to say something to the elites

i didn't believe all the doomsayers like paul krugman during the election. i think it will be good for the market to have a businessman as president. they bought into the market. maybe they're consolidating their gains right now. interest rates are high enough so they put their money in short-term bond is enough to get 2 1/2%. neil: sure. >> if you put it in for three months, six months, wait until you see what happens after the election. either keep it in short-term bond or you get back into the stock market. but i think less a panic than it is a consolidation going on. neil: it feeds on itself. i particularly noticed the concentration of selling today as it has in the recent days, technology, technology, technology. it is just widened within technology. >> technology, technology, technology. neil: to david's point do you use this as an opportunity, i've had great gains in amazon as many had, it is in correction territory what are you hearing? >> even if in correction territory still up 50% for the year. neil: good point. >> we're near record highs for the