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

>> certainly there is a risk that interest rates will spike. i think what you saw last week we started these wild gyrations in the stock market. that thousand point drop we had on monday of last week was only the 99th largest reduction on a percentage basis. even though that doesn't point sounds like it's dramatic, in the history it's not that large of a swing. what triggered that is not the fact we were overheating the economy but we were borrowing too much money. the treasury had reached out to primary dealers last week. >>chris: but now you have to borrow more money. >> to anticipate the ad...

>> certainly there is a risk that interest rates will spike. i think what you saw last week we started these wild gyrations in the stock market. that thousand point drop we had on monday of last week was only the 99th largest reduction on a percentage basis. even though that doesn't point sounds like it's dramatic, in the history it's not that large of a swing. what triggered that is not the fact we were overheating the economy but we were borrowing too much money. the treasury had reached out to primary dealers last week. >>chris: but now you have to borrow more money. >> to anticipate the ad...

>> certainly there is a risk that interest rates will spike. i think what you saw last week we started these wild gyrations in the stock market. that thousand point drop we had on monday of last week was only the 99th largest reduction on a percentage basis. even though that doesn't point sounds like it's dramatic, in the history it's not that large of a swing. what triggered that is not the fact we were overheating the economy but we were borrowing too much money. the treasury had reached out to primary dealers last week. >>chris: but now you have to borrow more money. >> to anticipate the ad...

>>neil: but you and your colleagues have had a mixed view, maybe not you, specifically, about help from uncle sam or federal rescues or the federal reserve standing by and now you are happy to see them go away if need be, the fed steps out you are happy with that. >>guest: i'm a free market guy and interest rates are best set by the market itself and by investors and people that are bying and selling the interest rates so why like the fed playing around to here especially as long as they have. the government talks to the market and try to influence the markets and that is what keeps businesses...