. >> but you have veterry powerfu people you just have to get incrementally higher right now it is an at and t valuation, should there be an expansion? >> that is not the question. this is not saying that why would at&t be priced with a netflix valuation. we will be all over the time warner decision with this news we are live at the nasdaq in new york city and times square >>> welcome back to "fast money" a big story this week is the big fed meeting. hedge fund legend paul jones discussing the current state of the economy and the market >> the last time that we had unemployment rate where it is now is 2000 and we were running a budget surplus at that time of 2 .5%. we were talking about bond scarcity at that time. we have a fiscal policy that literally came from another galaxy and we have monetary laxity. and that brew is what gotthe stock market so jacked up sdp >> he says rates and stocks will continue to rally together this year he is the one who called the october 1987 crash we want to listen to him is this a jacked uet >> yeah, what is interesting is that the flight got down to 2