Bankcd News Today

>> the good news, if there is a silver lining, is the fact that because there is no inflation everything else doesnt cost more so everything is static. but the bad news is if you are a retiree and youre living off of social security and you may have money in bond, youre not making any money on bonds for about four or five years? >> zero. if youve got money in a bank c.d. or bond, your actual rate of return is 1%, 2%. thats it at best. >> should people fear if the shutdown happens that theyre not...

>>brian: fox news alert. the president announcing his new pick to lead the federal reserve. it is janet yellen. she will be the first chairwoman in history to have that job and she is very admired by liberal democrats. what does this nomination mean for the economy? stuart varney is here to weigh in. stuart, if she gets the okay in january, when bernanke hits the pavement, what does it mean for us? >> it means interest rates are going to stay very, very low. >>brian: why? >> janet yellen is like...

Recession. >>brian: how have we done it? we made up the $11 trillion we lost in 2008. >> yes, we have. this is ben bernankes rally. it is not barack obamas rally. ben bernanke, chairman of the federal reserve, is printing money. everybody knows that. printing literally trillions of dollars. >>brian: every month. >> $85 billion a month to be precise. hes printing it, trying to get out of there. some of it finds its way to the stock market. by printing that money, down goes the interest rate that ...