Transcripts for CNN Your Bottom Line 20130406 13:40:00 : vim

CNN Your Bottom Line April 6, 2013 13:40:00

that's one good among many negative. as far as the fed goes i think the big development from the unemployment report is that the fed's probably going to have to stick with qe3 and borrow $85 billion a month, not slice it back for many, many more months to come. in some respects there's not a bad scene area know for the markets, really loose monetary policy and tight fiscal policy. >> greg there's the markets and everybody else. >> right. >> there are the markets and when i say housing is recovering and the fed is propping up the economy and i get all this mail from people who say it doesn't feel any different than ten years ago. that's a real problem. >> it's maddening and it's glacial. the progress on unemployment is going to take years before we get to 4, 4.5% unemployment. no way to sugar coat that. it will be a slow process. >> what is the legacy going to be of this, it's early to start talking legacies but you're talking about a glacial process, what is the legacy of this

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