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Flashpoint. will this problem go away entirely? i think that's probably very wishful thinking. the sunni/shiite divide has taken 13 centuries. the middle east has never seen a period of unrest like this. and all of these old grievances are bubbling up to the surface. >> nbc chief foreign correspondent richard engle oddly in the cnbc studio in bahrain for us tonight. richard, we're glad to have you there. stay safe. thanks. >> reporter: says a lot. says a lot. how much has changed here. >> indeed. absolutely. thank you, richard. all right. we thought that speaker of the house john boehner had...

Entirely? i think that's probably very wishful thinking. the sunni/shiite divide has taken 13 centuries. the middle east has never seen a period of unrest like this. and all of these old grievances are bubbling up to the surface. >> nbc chief foreign correspondent richard engle oddly in the cnbc studio in bahrain for us tonight. richard, we're glad to have you there. stay safe. thanks. >> reporter: says a lot. says a lot. how much has changed here. >> indeed. absolutely. thank you, richard. all right. we thought that speaker of the house john boehner had sort of bottomed out this week alread...

The middle east has never seen a period of unrest like this. and all of these old grievances are bubbling up to the surface. >> nbc chief foreign correspondent richard engle oddly in the cnbc studio in bahrain for us tonight. richard, we're glad to have you there. stay safe. thanks. >> reporter: says a lot. says a lot. how much has changed here. >> indeed. absolutely. thank you, richard. all right. we thought that speaker of the house john boehner had sort of bottomed out this week already when he said to a bank of cameras that republican policies would probably cost a bunch of jobs but so b...

>> from the 2006 peak, $230,000 for the value of a home, prices are down 26% by the end of last year. pretty ugly when you take an average look and look at individual states like sunbelt, nevada, difficult going for those people. we tried to take a look at the range of expectations is out there, ali. if you look at forecasts for home prices, you can see the highest expectations for a gain of about 5% next year of the value of your home, the worst out there is for a decline of 11%. ali, the same week we had freddie mac chief economist saying you could see a bottom in the spring, morgan stanley ...

Where was the president a year ago? where is he now? not a lot has changed there. i will get into detail later. we don't want to scoop ourselves. the attitude of the public, though, you see this economic -- our pollsters call it a failure to launch. it seems every other month we see evidence that it looks like maybe the public is buying into the fact that the economy has hit bottom. things are going to start turning around and something will happen that month. in may it was greece and the oil spill. just recently it was the bad jobs report. everybody was expecting a really good jobs report. it...