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This was right up their alley? >> they wanted more. they didn't get enough. they wanted more stimulus. they thought qe 3. or the fed would extend the period of time low or no interest rates. at the end of the day traders were expecting something else so were the people in europe who he wanted us to do a whole lot to goose the economy. >> shepard: fed comes one a growth forecast and they reduced that as well. >> that was a big headline from my point of view. the economic point of view important feel when it comes to setting numbers. 2.2% g.d.p. growth in 2012. this year. next year 2.56789 the y...

This year probably 2.56789 then 2 million. the typical rate for us in our country has been around 5 or 600,000. it's going to be a while yet. you are seeing to see frankly potential buyers today are going to be renting still for a while. you are not going to see any dramatic trends in terms of helping our unemployment rate with construction workers getting back to work any time soon. >> kelly: what you said about 2014, that goes along with what fed chair bernanke was talking about as well that it's still a few years before, four to five years as a matter of fact, before we see a total rebound....

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