Bankcd News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> the good news, if there is a silver lining, is the fact that because there is no inflation everything else doesn't cost more so everything is static. but the bad news is if you are a retiree and you're living off of social security and you may have money in bond, you're not making any money on bonds for about four or five years? >> zero. if you've got money in a bank c.d. or bond, your actual rate of return is 1%, 2%. that's it at best. >> should people fear if the shutdown happens that they're not going to get social security checks? >> no, i don't believe so. i think they will get their c...

>>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 likely to keep on printing money. the effect of printing $85 billion a month is to lower interest rates ...

Recession. >>brian: how have we done it? we made up the $11 trillion we lost in 2008. >> yes, we have. this is ben bernanke's rally. it is not barack obama's 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. he's 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 you get on a bank c.d. or bond. if i give my money to the government for ten years, they're going...