creditworthiness, joining us, peter crane, ask yourself, even if best case scenario, we have this thingr tonight. will the reputation of the federal government be damaged? >> it can't help. you know in the kingdom of the blind, the one-eyed man it king. bond investors and money market investors have little other alternatives, u.s. debt should remain popular. gerri: we can only hope, fitch said that week they were puttingous watch for a downgrade, here is what they said, pro lodged negotiation over raising debt ceiling risks undermining confidence in the role of u.s. dollar as a preimminent global reserve currency by casting doubt over the full faith and credit of the u.s. is it possible that we might lose that status? >> it is possible. but not any time soon. everything is based off of u.s., it all gets downgraded a notch as well, it is still the currency of the world. gerri: i like what you are saying. when we talked this morning it was not search a deal would get done, you said not fixing the shut down is a big problem and risky and dangerous. what would happen if we continued the shu

i talked to money fund expert peter crane, and he says that that's not likely to happen. even if congress plays a game of chicken over the next couple of weeks, the bottom line is the treasury will pay its debt, and investors will get 100 cents on the dollar. now, any delay that we see in payments, it should be brief. so the big question is, investors are anxious right now, but what they probably should do is nothing. >> nothing at all. well, michael, i with a unt to talk to you about that because we did get a couple of questions from viewers who said you know what? maybe the best thing to do is to buy a home right now and use it as an investment, as a core part of my portfolio once again. are you seeing that from people now that housing seems to be recovering, that interest rates still remain relatively low and people seem to feel more comfortable about that asset class? >> well, i would say i did see it. we're not seeing it as much as we were in the spring. when rates went up -- and even though they're historically still very good, we went from 3 3/8 to 4 7/8 in three d