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It was a generational low. in 2001 when everybody was talking about dot-com, talking about stocks, maybe that was an indication things had gotten a bit too frothy. i think they're a natural and desirable part of market behavior. markets cannot just keep going up. >> thank you so much for joining us, as always. >> my pleasure. thank you. and for home buyers, spring is coming early. the busy buying season isn't waiting for the warm weather because mortgage rates are at a 22-month high and continuing to rise. buyers looking to lock in a better rate are scrambling to make offers. the number of h...
Three months ago? >> we saw oil prices increase earlier this fall and as they did, what you saw is president biden go into action. engaging with oil consuming countries and trying to make sure as i said that there was sufficient supply on the market to address what is a strong global recovery led by the united states. um, and what you have seen over the course of the last month is, in fact, in part because of those efforts, we've seen the price of oil come down by about 10%. we ever seen the price of wholesale gas come down by about 12% and to your point, of course there is things in the middl...
In many global regions, economies are flourishing. For example, here are two headlines about the U.S.: What America's Startup Boom Could Mean For The Economy (npr.com, June 29) Inflation Rose in June as Economic Recovery Continues (WSJ, July 13) The goings-on in the United Kingdom provide another example. Employers in the UK are hiring people at the highest rate in more than six years. Plus, business and consumer spending are climbing swiftly -- at the fastest clip in a quarter of a century. So, it wasn't surprising to see this June 18 CNBC headline: Morgan Stanley picks the global stocks set...