Disappointed tech, which has been the best performing sector of the year remains the epicenter for much of the selling the vix is up, theres so much to discuss i couldnt think of a better day to have you. Welcome back. Nice to see you i know people think of you as this energy guru and oil trader, but what is your broad view on where we are theres so much going on today alone to discuss where do you see the markets right now . Simply at some point when if the ecb pulls back, japan pulls back and all these countries pull back from printing money and the fed has made it obvious what theyre doing, theres going to come a time where the markets just may not go down that much but theyre not going to go up what happens when we enter a period of time when the markets stagnate two to three years where the overall performance is flat . What happens then to all the Pension Funds and municipalities that have all these on ligations that rely on 7 . You cant tell me over the next ten years theres not
Europe, the unwind could catch the markets by surprise. Mr. Diamond saying, quote, weve never had qe like this before weve never had unwind like this before when that happens of size and substance, stit could be a litte more disruptive than people think. We act like we know exactly whats going to happen and we dont. Steve liesman, i go to you first. What do you make of dimons comments jamies on the front lines there. Hes going to be part of the process of unwinding the Balance Sheet. And i think his words of caution should be taken seriously. I think two things, though i think the fed has kind of preempted these concerns, if you look at how theyre doing, Balance Sheet, theyve sort of put it on auto pilot, but they have a switch where they can turn it out if things turn out badly. I think what the fed wants to see is wants to see the market behave in this process and not be disrupted by the process. And i think theyll turn it off, if they do so jamies right to be cautious. Hes a guy who
Mark shields and david brooks analyze a week of new names proposed for the coming Trump Administration, as they remember john glenn. All that and more, on tonights pbs newshour. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. Xq institute. Lincoln financial committed to helping you take charge of your financial future. The ford foundation. Working with visionaries on the frontlines of social change worldwide. And with the ongoing support of these institutions and individuals. And friends of the newshour. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff the president elect has been out and about again today, taking his victory celebration to two more states. At the same time, hes mulling more names for his administration. Baton rouge, louisiana was this afternoons destination for the trump thank you tou
Mark shields and david brooks analyze a week of new names proposed for the coming Trump Administration, as they remember john glenn. All that and more, on tonights pbs newshour. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. Xq institute. Lincoln financial committed to helping you take charge of your financial future. The ford foundation. Working with visionaries on the frontlines of social change worldwide. And with the ongoing support of these institutions and individuals. And friends of the newshour. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff the president elect has been out and about again today, taking his victory celebration to two more states. At the same time, hes mulling more names for his administration. Baton rouge, louisiana was this afternoons destination for the trump thank you tou
Mark shields and david brooks analyze a week of new names proposed for the coming Trump Administration, as they remember john glenn. All that and more, on tonights pbs newshour. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. Xq institute. Lincoln financial committed to helping you take charge of your financial future. The ford foundation. Working with visionaries on the frontlines of social change worldwide. And with the ongoing support of these institutions and individuals. And friends of the newshour. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff the president elect has been out and about again today, taking his victory celebration to two more states. At the same time, hes mulling more names for his administration. Baton rouge, louisiana was this afternoons destination for the trump thank you tou