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>> why is that snt bubble we've been talking about for years? >> the housing bubble. people have been mocking me saying there is a china bubble. i'm just curious. >> richard haas is on the next segment, we're going to go through all this. >> very good. so you know willie we have long said that trump was the abraham lincoln of our time. >> yes. >> some recent statements that he has made has perhaps challenged that assertion. okay. they have challenged that assertion. but as you look up on the chisel wall of the lincoln memorial and read abe's second inaugural address to the nation in the midst ...

China, which we've been talking about. we've been talking for a year now about the china bubble. you've got the slowing of economic growth. you obviously have an increase in dissent. you've got political unrest, corruption. and you look at the amount of money the chinese have to spend on security, keeping their people from rising up and another tiananmen square. this doesn't look, as david said, like that vibrant success story that the united states has to be fearing it's going to overtake us in five years. >> it isn't. the entire chinese economic model has been based upon export-led growth. t...

The details, they don't deal with the potential problems with italy and spain and other countries. will that stabilize enough for the markets to be more secure here? i mean, do you have to answer the long-term problem in the euro zone? or can you just deal with this immediate problem of greece? >> i think you have to do two things simultaneously. you have to say in a single currency, we all stand together and we'll do what it takes to protect each other. the federal reserve would do that for any market in america. the ecb must do that for europe. but you've also got to say, we've all got to pu...

What makes a true gentleman is someone -- a parent who is willing to teach their son that it's great to be tough but perhaps even better to be tender. >> polished shoes and punctuality. and those are fairly important. so if you look today, my shoes -- >> fine shine. >> there's a fine shine. they are polished every day by myself in a fetishistic manner. >> men routinely open doors for women. every time we'd stand at a table until the woman was seated. >> being a gentleman is a way of life. and it's a way of carrying yourself. >> a gentleman cares about the world around him and the people around...

World, but it's caused the chinese to pull back and bring their economy down -- >> how is the uninflation trending? >> it has been trending up. and what they've been doing is tightening credit in order to bring it back down. that's created other issues. there are issues in china. i'm not here to tell you china's the only place we should invest the scarborough fortune. then we've come to unemployment where china, in fact, has labor shortages in areas where they're looking for skill workers and wages rising rapidly. it's very different from the picture here. >> let's move to debt. >> okay. >> ob...