i'll help you make sense of emerging markets and how they're connected to the american economy. also, how you can bypass the bank and go right to your employer for your next loan. plus meet the guy who looks at your broken iphone and sees dollar signs. i'm ali velshi. this is "real money". >> this is "real money". you are the most important part of the show so join our live conversation for the next half hour @aaj reelaj really money ad @alivelshi. >>> take a look at how the dow jones industrial average sank and then bounced back monday before finishing in the red. that is what i mean by volatility. when the roller coaster ride was over the dow ended down about a quarter of 1%. the broader s&p 500 index fell more than half a percent and the tech-heavy flad nasdaq did worst losing more than 1%. this is not horrific. but the last seven days make this very clear, the 52% of you who do own stocks have to adjust to a new reality, after a year, when the s&p rose 15%. we'll talk about the reasons for these market jitters in a moment including worries about emerging markets. right now le

partnership the latest of these so-called free trade deals that could do more harm than good for the american economy and the american people joining me now to talk more about the tea p.p. and what it will mean for all america if approved by the obama administration is john nichols washington correspondent for the nation magazine john welcome back it's great to be with you joe thank you john it's great to see you too well i got another e-mail today i we discussed this i think yesterday i got another e-mail today from another tea party group talking about obama trade and how you know we've got to stop obama trade and it's going to ruin our country and there's some. economy in crisis dot org i think it is the web site has you know which is kind of a conservative web site very very concerned about this i mean this is this is this is the issue. that is going to unite the tea party and the progressive caucus. i think it will to some extent and it should and the fact of the matter is that honest players on the right and the left and i have to be clear with you i'm i'm not necessarily suggesting that every

johnson, your businesses touch a lot of corners of the american economy. are you hiring this year and if so, are you able to find the kinds of employees to fill those jobs? >> well, tyler, the way we look at hiring across all the companies that we have investments or ownership in whether it is automobiles, hotels, financial services, priva it is based on where we're going to find the productivity. if we can find it in more people doing the right kinds of jobs, we will hire. i think that's where most of the businesses i'm involved in look at the particular labor market today. we want to see more people working, but we have to have more people working in a productive manner generating the kind of products and services that the consumer is ready to buy and allowing us to complete with lower cost labor and more efficient services abroad. >> we hear from people who are out of work how much they do want to work. yet, there is one group that is the most vulnerable. these are the people around 50 years old or so making under $50,000 a year. they're very vulnerable

the american economy had gone to war. e japanese attack on pearl harbor brought america into the shooting war. americans left their homes and jobs to fight overseas. still the explosive economic growth continued. everybody that could work worked. young people worked. wives moved into the labor force. older people didn't retire early. the result was that your productive capability expanded very, very rapidly. our production was so phenomenally higher by 1944 than what it had been in 1939, that the per-capita consumption was very high. still over 40% of the total production of this country, some 42-43% at peak, went totally to the military. with full employment came demand for consumer goods which had been unaffordable during the 1930s. the country was producing and consuming more. for a while, the united states increased its production of military and consumer goods. but choices had to be made. so what we did, along with setting high mobilization efforts, beginning very soon after pearl harbor, you began to cut back on the

the modern american workplace. the key to creating a growing economy and the key to an american middle class is women. thout a doubt, if given a fair shot, women will be the ones who ignite this economy and lead america to the revival of the middle class. that is what i want to focus on. it is called the american opportunity agenda. it is a set of five basic principles that will modernize the american workplace that empower women and families and give them the chance to earn their way and get ahead into the economy. achieve their full potential and reflect the values of our nation. first, to build our american middle class relies on keeping everyone that want to be in the workplace in the workplace earning a paycheck. this is a situation that many in this room have faced. for anyone that has ever had a new baby or a sick family member a dying mother or father that need care, you know what that feeling is like when you have to make a choice between providing for your family and staying in the workplace or caring for your loved one at home. choosing between your loved one and your career is a choice that

and eight in the midst of the economic crisis showed sixteen trillion dollars introduced to the american economy at a time when the entire national debt was twelve trillion that is devastating to the elderly it's devastating to the poor it wiped out a whole generation of middle class it eventually had it devastating impact on real estate our economy's a mess and. so i think you can you can you can say this is a great economy right now it's a great economy if you're rich and were trying to get the wall street cranked up again if you've got all your money in stocks it's beginning to show a little life it's not if you're an average person in this country ok bob how do you reflect upon that because i would i have to tend to agree with doug i mean i see a lot of public relations here i don't see a lot of really good policy for the average person i agree with a lot of what doug said i met my my only point really was comparing the economy today with the economy in two thousand and eight and i think probably we can agree it's improved relative to that i just like to pick up on an earlier point that doug

he recognizes, that for many months, the full faith and credit of the american economy is on the line. we won't have the drama we had last time. >> we'll talk about boehner in a bit, bad for republicans boy, because of the government shutdown, they improved because of obamacare. president obama those numbers are ugly. starting the year with the lowest approval ratings of his presidency. performance. do you see him turning around those numbers in the new year? >> here's the thing antonio, it's hard to get much worse. i think of his perception with the launch of obamacare with the rollout are going to be -- it's hard for him to go lower than that barring some crisis that we can't foresee. but if we keep the context where it is right now at the beginning of december, john podesta came on board at the white house. i have a feeling we are going to see a big difference the way the white house messages. i see podesta taking charge of the way they spin this. and i think listen the president's approval rating is going to be largely dependent on his signature piece of legislation, so signature

banks to print money for free so all the policy set around the bankers bankers are king and the american economy and the british economy that's absolutely correct that is run by a beggar class and of course you know going back a hundred years ago this would be called beggar thy neighbor and they would use this on a global basis in terms of trying to debase each other's currencies to get a foothold on global trade but now they don't even bother trying to pretend as though they're involved in any underlying economic activity that portends to have something to do with supply and demand they simply beg for big city they're just begging for begging sake well so january first all the romanians and bulgarians were expected to arrive you know millions of them according to the likes of the daily mail was so all these journalists and politicians were actually waiting at the airports for these people to arrive to see what they had to say i don't come to rob your country first romanians to arrive in britain following changes to migrant rules insist they are looking for work after being greeted at the airpor

most credit was aimed if you like in the new american economies a productive activity leaves restraints were lifted in the after nine hundred seventy one and increasingly after that in both the united states but also in britain in particular and in other countries tied into the anger american come economies it became a debt and credit creation if you like became more and more liberalized aware is in the one nine hundred sixty s. you had to struggle hard to get a loan you had to prove that you could generate income from the repayment of the loan after the nine hundred seventy s. in the one nine hundred eighty s. and of course that exploded a nine hundred ninety s. you could listen to a voice at the end of a telephone and get a loan and then we saw the climax of that when lending was made to what is known as subprime borrowers. who were the most profitable because the rates of interest on those loans with the highest but also because they were poor they were the most exposed borrowers and it's when they were unable to repay at those very high rates of interest that the whole edifice of de

the american economy-- the sum total of what goes on in shopping malls, car dealers, supermarkets, stockhanges, 7-elevens, and gas stations all around the country. millions of buy-and-sell decisions everday, trillions of dollars worth every year. and those decisions affect every part of our lives. who decides between a room with a view and a house in the suburbs? in our demand and supply economy, who demands and who supplies? 1945. world war ii was over. millions of ex-gis came home, fell in love, got married, and started families. and there was one thing they all needed. when i got out of the service, i had a wife. we wanted a place to live. it was like looking for a needle in a haystack. eventually we found a place, a converted house where the upstairs was converted into an apartment. in 1947, judge paul widlitz was an ex-gi and a young long island lawyer just starting out. we had the normal problems that you would have when they convert a one-family house to a two-family house. every time the baby cries, it's heard down below. newman baum and jerry worthing were among the ex-gis with

most credit was aimed if you like in the new american economies a productive activity leaves restraints were lifted in the after nine hundred seventy one and increasingly after that in both the united states but also in britain in particular and in other countries tied into the anger american come economies it became a debt and credit creation if you like became more and more liberalized aware is in the one nine hundred sixty s. you had to struggle hard to get a loan you had to prove that you could generate income from the repayment of the loan after the nine hundred seventy s. in the one nine hundred eighty s. and of course that exploded the one nine hundred ninety s. you could listen to a voice at the end of a telephone and get a loan and then we saw the climax of that when lending was made to what is known as subprime borrowers. who were the most profitable because the rates of interest on those loans were the highest but also because they were poor they were the most exposed borrowers and it's when they were unable to repay at those very high rates of interest that the whole edifice

most credit was aimed if you like in the new american economies a productive activity leaves restraints were lifted in the after one nine hundred seventy one and increasingly after that in both the united states but also in britain in particular and in other countries tied into the anger american coming economies it became a debt in credit creation if you like became more and more liberalized aware is in the one thirty nine hundred sixty s. you had struggled hard to get a loan you had to prove that you could generate income for the repayment of the loan after the nine hundred seventy s. in the one nine hundred eighty s. and of course that exploded in the one nine hundred ninety s. you could listen to a voice at the end of a telephone and get a loan and then we saw the climax of that when lending was made to what is known as subprime borrowers. who were the most profitable because the rates of interest on those loans were the highest but also because they were poor they were the most exposed borrowers and it's when they were unable to repay at those very high rates of interest that the w

this is good for the american economy. it will create 121,000 jobs a year. >> that being said, it was one the things that they could not agree on for the first five years. pathway to citizenship. and if we don't hear those words tonight, wha what do you expecto hear? >> i think we will hear pact way to citizenship tonight from the president, and i think that the principles that we'll see this week, we'll talk about legalization, and it might say no special pathway to zip. citizenship. but it doesn't mean no it citizenship at all. >> we talked about this. i'm one of the people living in the shadows, how do i feel about this country that i want to call home that is having such a difficult time opening it's doors to the huddled passes again. >> yeah, if i were an undocumented immigrant living here over the last 15 years, it would be enormously frustrating. i'm working two or three jobs to put food on the table, and to be treated the way they have been for so long is enormously difficult and frustrating. that said, i think that

you expressed concern about the recent path of the american economy, altogether you have nice things to say about -- you also see strength now even in the american day in are missing elsewhere, western europe aside from what you were talking about to china what nation build up a moflgd innovation and how can the u.s. work on that? gosh. i don't know. i know, people often mention south korea in general and i don't know have lessons each hard top companies in those areas. i recognize there are some innovations coming out of sweden, a few other places denmark, denmark is a relatively innovative place but i don't think that denmark has one of the secret which we had would help us a whole lot. just think if -- those sort of things that are more innovative companies do. so maybe the question is pushing me to say something about china. maybe -- when i first -- i've been going to china a lot in the past four years. i became out dean of the new business school, which turned out to be a rapidly growing thing, and when i first started going, i thought these chinese just copy american technology.

were great american companies where you were looking to study korean the financial sector which, by the way, is the lubricant of the american economymay be this notion out there that this industry is something that is usually problematic. if the economy is going to work, we need a strong financial sector. i think what needs to happen -- and this is what you are focusing on at morgan stanley -- is to create a culture that goes back to days is where you are covering clients, trying to do the right thing by clients every day, were ethical -- >> institutional or corporate. >> exactly. the investment banker would say to the corporation or ceo, we is a goodk -- no answer. even though it may mean there is not revenue that comes to the firm that year or in the near-term, no is a good answer. when a financial advisor says to assetlient, your alan -- allocation works, leave it here, we are comfortable where you are. it creates culture is focused around doing the right thing for clients. that will bleed its way out and i think it will change. >> how much time? >> i think we still have a ways to go. because of the nature of what happened in th

in many ways, the american economy is doing very well. much better than economies around the world, and yet the president is not getting much credit from the american people. >> that is because of the split. most of the benefits of the recovering economy are going to 20% in this country, and the bottom 80%, even though the economy is getting a little better, there is still an enormous number of people who have not had a wage increase and have actually seen a wage the ordinary american is not feeling the economic recovery nearly as much as the top 20%. >> that the president's gauntlet, as you have suggested, throwing down the gauntlet to , there is not very much he can do by himself. he wants to remind the american people that congress is selfish and all they want to do is get reelected. they already know that, but he has to remind them. >> you are not actually talking about the policies the president can do. >> the problem is they can only really do this if they work together and that is clearly not going to happen. the republicans for six

i'll help you make sense of emerging markets and how they are connected to the american economy. and how you can bypass the bank and go to your employer for your loan. and meet the guy that looks at your broken iphone and sees dollar signs. i'm ali velshi, this is "real money."

she will try to stir on the american economy and that she does so her every move will be watched around the globe. so what can we expect? lie in ane answers exclusive interview she granted to time magazine. she spoke with the assistant managing editor who joins me now from new york. thank you for joining us. congratulations on the interview. what did you think her priorities are? >> employment. and main street america. not wall street. minded scholar who has always cared about the real world impact of economics. that is why she got into policy. she wanted to work with real people and make the decisions that are going to have an intake -- an impact. i think she will be paring back verysset buying program slowly and methodically. i think she will be looking at a lot of data making sure as the fed does that, the recovery is not being derailed. as she told me, she grew up hearing stories about the depression. she grew up in brooklyn in a working-class neighborhood. she saw laborers coming in, paying him two dollars or not, depending how they were doing. she understands working-class america

one of the things that the founding fathers did was to turn to hamilton and say, develop a strategy for american manufacturing. building the american economy. hamilton went off, probably talked to a few people and came back with a lengthy report, which you will now see, and in that document, laid out a strategy for building the american economy. interestingly, guess what he talked about? he talked about trade. talked about infrastructure. among the infrastructure that was specifically in the plan that hamilton presented to george washington, who then presented it to the congress was canals. 0 years later, the erie canal, here in washington, the chesapeake canal, the canal on the potomac river. talked about roads. talked about ports. those were the infrastructure projects of the day. the constitution, by the way, says the federal government must maintain and build coastal roads. infrastructure. we talk about that nearly all the time we are here. research. at that period of time, thomas jefferson, not exactly in league with the representatives from new england, but nonetheless, was pushing forward the research agenda and the education agenda

federal reserve chairman, ben bernanke, talked about plans from pulling back from stimulating the american economysays the $10 billion cuts are stronger now due to a stronger on agile outlook, but the news made the market a little nervous, the dow jones falling nearly 200 points. for more, i am joined by the chief bbc economic correspondent, linda you -- yu. they do not seem quite convinced of what the fed is doing. >> that is right, and i think there is probably an important distinction to make. one, of course, ben bernanke in his last meeting has set out a case for essentially ending quantitative easing, and that is the cash injection program, taking $10 billion out of the say,my, trimming, i should from 70 $5 billion to $65 billion, and that means that qe will likely end this year. the reason people are nervous about it is twofold. once, they want to see what will happen with interest rates. will rates go up? rates going up is technically not good for borrowing costs and also a rather fragile american recovery. the second reason is if you look at the emerging economy, the end of qe, there is a

i'll help you make sense of emerging markets and how they are connected to the american economy. and how you can bypass the bank and go to your employer for your loan. and meet the guy that looks at your broken iphone and sees dollar signs. i'm ali velshi, this is "real money." >> this is "real money," you are the most important part of the show, join our conversation on twitter, facebook. fear, volatility and uncertainty are back. that is a key take away of the topsy-turvy trading in the u.s. stock market. that followed the worst week for stocks. take a look at how the do you jones sank and bounced back before finishing in the red. that is what i mean by volatility. when the roller-coaster ride was over the do youeneded down a quart -- dow ended down a quarter of one per cent. the tech-heavy nasdaq did the worst, losing more than 1%. this is not horrific. the last several day make one thing clear. those of you that own stocks have to adjust to a new reality when the s&p rose. so far this year it's down 3.6%. we'll talk about the reasons for the market jitters in a moment, includi

the economy right now. that's where the president will focus. he wants american workers to begin scales, learn wages, and have them opportunity, and that means putting money in their pockets, and that in turn will create jobs for the economy. >> that's. austerity, we can talk about that. thanks for joining us. ali will have a special report on middle class all next week. you can see "rebuilding the dream" on al jazeera. we'll go to mike viqueira with more on the political climate there, and it would be chilly at times. >> reporter: you might say that. you might say that it's toxic or as cold as the weather on the east coast right now, and as you know it's doin dog gone cold. i've got a pen, says the president. i've got a phone. what does that mean? it has got limitations. the president will be talking about more in the house chamber for the state of the union address as for federal contractors, people who are not on the government payroll, it's only for new contracted a and will start next year to give people time to adjust. they couldn't do any other ways becaus

she will try to stir on the american economy and that she does so her every move will be watched around the globe. so what can we expect? lie in ane answers exclusive interview she granted to time magazine. she spoke with the assistant managing editor who joins me now from new york. thank you for joining us. congratulations on the interview. what did you think her priorities are? >> employment. and main street america. not wall street. minded scholar who has always cared about the real world impact of economics. that is why she got into policy. she wanted to work with real people and make the decisions that are going to have an intake -- an impact. i think she will be paring back verysset buying program slowly and methodically. i think she will be looking at a lot of data making sure as the fed does that, the recovery is not being derailed. as she told me, she grew up hearing stories about the depression. she grew up in brooklyn in a working-class neighborhood. she saw laborers coming in, paying him two dollars or not, depending how they were doing. she understands working-class america

movies are a big deal to the american economy. in 2011 arts and culture generated $504 billion or 3.2% of gross domestic product or gdp. given those numbers it's no wonder that some states are competing ladder to lure tv and film production from hollywood. one way to do that is offer tax credits. it's a controversial practice. it gives money away to production companies who don't create permanent jobs. missouri let its tax credit for films expire . north carolina where the hunger games from shot is debate building to add credits next year. but louisiana is lending expenditure to the state. owner of hollywood trucks, it was named as one of america's fastest growing companies. it was involved with "the butler butler";" 12 years a slave." >> it's important not only for the creation of economic development but to the state as a whole. it's a brand new industry for us. i think it's something that is fantastic. it's been growing. we're excited about it. right behind me as you can see . >> missouri and north carolina are saying maybe the

know what they're going to do yet, but the pickup is in many ways the vehicle that drives the american economyrom farmers to miners. and a fundamental change in how pickups function. that's a big deal. >> we follow this very closely. around the detroit suburbs some say there is oh a housing bubble going on. people with money in your area are doing well, but that city is still suffering. >> it's the terrible dichotomy the detroit area has suffered from for years. there is wonderful threat and a driving middle class in some suburbs and in some pockets of the city itself. but there is horrible disinvestment, terrible poverty, and areas that really look abandoned and post apocalyptic in some parts of the city. how we balance this and move forward is the great question that everybody is waiting for an answer as the city works through its bankruptcy. >> with the thriving auto industry there is some hope that that will help. mark, the auto critic at the detroit free press. >>> on monday we're taking this show on the road. we'll be on the convention floor of the auto show on monday and tuesday night.

pleased to report that the state of america's business is improving and our economy is gaining strength. since the great recession officially ended in july of 2009, the american economy has struggled to regain its footing. the recovery has been the slowest and the weakest since world war ii. the 21 million americans who are unemployed, under employed or who have just given up looking for work, have paid a very heavy price and they still are. middle-class families have not yet seen decent increases in their real incomes for a long time. it's convenient to blame all of this on the severity of the downturn, but let's face the facts -- misguided government policies have also slowed our growth and caused americans a lot of jobs and a lot of raises. we must fix these mistakes and not repeat them going forward. this year, we have an opportunity to turn the page. overall growth for 2013 will probably come in just at between 1.8 pr and 2%. we should do considerably better this year with growth accelerating to near 3%. housing is recovering and overall household wealth is now surpassed its pre-recession levels. this has boosted consumption, which is leading to more bus

egal tarian economy, we are going in the same direction, moving up, and it's - our economy flourishes when we all do well. if we leave the middle class behind we won't have the same american economies as we have in the past. ultimately, if this begins to affect the political process, this will become self-reinforcing, and i think that will be a problem for higher income households. the economy can't grow without everyone participating in it. >> you are good at explaining things in simply terms. explain the taper. the fed is pulling back by $10 billion is month. the signs are that the economy chugs along, they'll pull back more. what is the consequence u.d. >> interest rates will rise. there are rising long-term rates. if you go back a year ago. you get a 30-year fix. they are rising. what the fed is doing is trying to manage the increase in long-term interest rates consistent with an improvement in the job market. >> this is a tricky balance. it's part of the tapering process. this is the biggest threat to optimism. i think the fed has the tools that they need to get this done in a graceful way and the will to do it. i think they'll pull it off. >> thank you for being wit

and you start off and say, the american economy is recovering. our growth is one of the fastest in the western world. however, we have problems. one of the main problems is income, and inequality. here is how we will deal with it. we will extend unlimited benefits. we will deal with the hispanics in this country who are undocumented. bring them out of the shadows. we want to raise the minimum wage. and i want to work with you and congress on these things. but i have to tell you, if you don't work with me, i have a phone and a pen. and i will do my best by executive order to keep this economy moving. and keep it going forward. but i will your support. >> that will win a lot of support. >> yes. >> what would you advise? >> pat is an old presidential speech writer. that was right on the mark. >> that was not designed to win friends and influence people. >> i thought that was pretty good. the president has to fully own obamacare. which i believe he will. and there will be recipients of obamacare in the audience sitting with the first lady. because we

securities to inject liquidity into the american economy. that is called quantitative easing. etary flowhe this way. and the other thing he did was strong guidance. he said that he would not increase interest rates for the foreseeable future him and then specify conditions under which he would start to increase interest rates. was laterrd guidance emulated by the bank of england and the ecb. but he gets the credit for having introduced these policies. >> let's talk about what he got right. -- we have talked about what he got right. what did he get wrong or could have done better? say he went too far trying to bail out big banks. although they made money on these bailout programs. theat the time he went into bailouts, for example aig, and other financial institutions, he was criticized for these policies. but in the end, it turned out fine. >> now we have janet yellen. she has taken over postop she is to be sworn in on february 3. what are the major challenges that she faces on day one? >> the main thing is to continue what bernanke has done. economysee now that the is picking u

what you focus on is domestic policy in the beginning of his speech and you start off and say the american economy is recovering. our growth is one of the fastest in the western world. however, we've got problems and one of the main problems is income and wealth and equality and here's how we're going to deal with it. we're going extend unemployment benefits. we're going to deal with the hispanics in this country who are undocumented. bring them out of the shadows. we want to raise the minimum wage and i want to work with you in congress on these things, but i have to tell you that if you don't work with me, i have a pen, and i have a phone and i'm going to do my best by executive order to keep this economy moving and keep it going forward but i want your support. >> that will win a lot of support. >> clarence is going crazy over there. >> eleanor. >> pat's an old presidential speech writer and that was actually right on the mark. >> so was i. >> well. >> believe me, that's not the way to win friends and influence people. >> i thought that was pretty good. the president has to fully own obamacare,

and of course, being bullish on the american economy. >> the u.s. economy is doing quite a bit better. the projections for growth are consistently rising in forecasts. the confidence measures are rising. we're seeing across sectors in manufacturing and services, even in constructions, good recovery. in places where the recovery has been slow coming out of this financial crisis, take construction, there's still more potential for improvement. we haven't seen the kind of turbo charge that comes to the economy when you have really increased activity in construction. and i think everything is queued up for the u.s. economy to continue to do well in 2014 and beyond. >> it's been a big week here in davos. a lot of big names here. the president of iran was here, as was the secretary of state john kerry. bill gates was here, as was jamie diamond. for "nightly business report" i'm andrew sorkin in davos, switzerland. >> andrew, turn off the lights in davos. >>> finally tonight, 30 years ago today steve jobs introduced the world to apple's brand-new macintosh

the world economy's getting it on to the west of the times in europe. now we are starting to look forward to better times. the streets of the american economy the chinese economy ought to be the top topics here. i then of course all throughout the week you call meetings around the middle east iran syria talks with iran on uk programme that. that and say you have a mix your acting ingredients of the economic and security topics. i met and beyond give for mixture of reasons. p after stepping away from the prime minister's office blair was appointed by the un special envoy for mideast affairs is calling on the international community to seek a peaceful solution to this era crisis and push for peace and stability in the middle east the cause. there is always the fierce opposition to president assad for reasons that very clear. this will somehow lead to anxiety concern about elements of the opposition extremism and so on. true it up we gotta do that. in this sector. well let's go live to davos moment in time is now in a new president has some honey is now delivering a speech at the wet economic forum and sweets result on the session call

all sides that have been killed in both places certainly from the perspective of draining the american economy this has been a tremendous mess and has crippled us but more importantly even if you take the strictest geo political interpretation the economy be damned the loss of human life be damned we haven't even gotten anything positive out of that to continue the same strategy that failed so successfully in iraq afghanistan into imported into libya watch that descend into chaos to imported into syria watch for that to send into chaos you take a look around the middle east in your very very hard put to pick out a country or an area where things are even marginally better than they were on september tenth two thousand and one it's time to stop it's time to reassess what america's interests in the middle east actually are and that's a good argument of its own and then try to figure out a new strategy that may support or advance those interests look there's there's old story about the difference between a college american policy in the middle east and the answer is after thirteen years you stop

the physical economy rather than a small stop and unfortunate that's what we live but they do and in many ways the zero interest rate policy of the fed is perpetuating betting that imbalance in the american economy ok now is the situation in europe different because of the euro. i mean this is one of the most insane policies that are carried out and one of the reasons you can separate how insane it is is the side who opposed it and normally we could get a lift when right wing split on particular policies that with the right wing can still be in favor of pretty dry lifting tends to be in favor of protection and so on but ironically here i can take a person from the far right and spectrum of the american economic supplement milton friedman you can't get much more right wing in milton friedman and when godly on the far left wing and one of the right instructors of non-orthodox know an equilibrium approach. to economics and both of them said the road was the protection of you waiting to happen about ten years before it came into existence and i was sort of god when god leaves making the best statement about it and saying that the people who put the road together. because they didn't establis