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Point, do you see this double dip? do you see, as many ceo's seem to be saying at the very least, not a big reason to hire, not a big reason to expand. retrenchment, which generally smells recession? >> i don't know that we're going to have a double dip, but except in housing, could be extremely vigorous, but may be in a situation like we're in in the late 30's in which we have very, very slow economic progress, or none at all and we're just in a prolonged period of slowdown and i don't see what's going to end this. >> we should point out that housing is up in the countries, so far down, you k...

Keep going out of debt and i don't spend more wisely. that's what the statistics are saying to me. i agree with you. it is an indicator you could be looking at yet that double dip or triple dip recession going forward if we face that totally on consumer confidence if that's the only variable that enters into that. that is a possibility. it has to do with leadership and the words people are using in the campaign right now. i think people are sitting on the side lines on a lot of things and waiting to see what this election does. we may have frozen the economy for the last 60 days. >> dave ramse...

Matt mccall from penn financial group. and patricia powell, founder and ceo of powell financial group. quite a forecast from dr. doom, team. we'll have to work through this. pat, double-dip recession next year? >> i don't think it technically qualifies as a double-dip but dr. roubini should know that a word about dr. roubini he keeps predicting over and over everything bad. if you go back to his 2009 writings on the day the market bottomed you would have been out of the market and you wouldn't have had a single dollar recovering with this wonderful expansion that we've had. so dr. roubini has ...

we start on the campaign trail and president obama's full-court press to win latino voters who could be the key to winning re-election. so exactly a week after he announced the u.s. would stop deporting some illegal immigrants brought here as children, he spoke to one of the country's biggest hispanic conventions. >> we should have passed the d.r.e.a.m. act a long time ago. it was written by members of both parties. when it came up for a vote a year and a half ago, republicans in congress blocked it. the bill hadn't changed. the need hadn't changed. the only thing that had changed wa...

Run up on that? >>guest: you cannot put it in bonds. >>neil: but it is scary? >>guest: the alternate is more scary, double dip recession which if they do something aspiration twist which is a variation, the fed chairman is saying --. >>neil: just bay -- buy up different treasury notes and bonds. >>guest: it is a way of manipulating interest rates for the economy. >>neil: thanks, buddy. and he did not even want to come in but we said, come on, and he did. would knew where -- who knew we were to blame for europe's mess, too?