Page 12 - Max Bachus News Today : Breaking News, Live Updates & Top Stories | Vimarsana

tightening. >> the fed-induced sell-off continuing and a big way as we approach this final stretch. >> you see the dow down 2.3%. the nasdaq is down 2-plus percent and the s&p down more than that. the markets believe this is the appropriate time to step out and troy to price what a world without fed management would look like and it's not going to be pretty. so what we have, bill, is a contest between the market's fears over the end of tapering and the fed's cash. >> i believe the fed head ben bernanke launched a major de facto tightening during the news conference yesterday and you ...

0 it might taper down to 65 as soon as september. >> currently it's 85 billion a month. i don't think it's going to be september. i think we should expect something in terms of a formal shift somewhere in the fourth quarter. november, december. i think it's coming this year, at least the initial steps. >> thank you very much. i just want to remind folks that's been the markets a view. the federal reserve is going to be there, the big backer of everything that you have been seeing going on, and all these -- they would always provide the nicotine, the relief for the market. if all was in doubt t...

leaders who do not seem to have clue. a president's his best defense in scandals is he didn't know, and the smart majority leader whose best defense of the health care debacle it needs fine tuning. this guy seems fine with an immigration bill that might end up having zero security at the border and this gee seems just as fine on giving up big spending cuts. european leaders who just keep taxing. a russian leader who just keeps threatening. and an afghan leader who just keeps shoveling. a syrian leader who just keeps butchering. a north korean leader who just keeps flying. no wonder a...

0 you have a multiple choice scandal here. you can pick one and keep it going for a few months, and, look, some of them are long-term debates that we're going to have about surveillance, about the irs, some of these things will last a long time. i don't think all of them will fade. some will still be present in politics for the mid-term elections. >> neil: do you think the no drama obama thing is beginning to work against him? an issue we're going to be exploring here. that as a leadership style, that very style, is not getting too agitated or acting up in public, which might be admirable on s...

have now. the idea of repatriotization. you have said that you would be willing to pay some rate as we look at tax reform, what do you think is the rate thinking not only of apple but multinational corporations around the world. if we do tax reform. let's say we simplify the code so deductions are eliminated and we take that and pour that in to reducing the rate, what rate do you think we have to be at if we want to be competitive in terms of making sure we have investment here? i think the rate on the u.s. sales, in my judgment, for morse of the studies i have seen would need to be ...