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The sky is falling in. inflation, it's a disaster. china is only growing at 7.5%, 6 to 7.5%. it's awful, it's terrible. which is it? the truth is china needs to slow down and moderate its growth, and that's exactly what we are seeing. but the market, the global markets live their life on the edge of a precipice fueled by sugar rushes of individual information, and that's why you get this volatility. and the difference from the past to now, as mikey was saying, it's hedge funds, it's trading. balancing this global economy in this new era ain't going to be easy. >> okay, the taper, mag zgie, t t...

Going after the great recession. and for starters, it said it could slow its controversial 2.5 trillion-dollar bond buying program known as quantitative easing. basically printing new money. qe has helped keep interest rates low foruto loans business ratings. the feds said it could start buying fewer bonds if the economy gets better and that unemployment rate keeps falling and then maybe it could stop qe all together next year if the rate gets close to 7%. >> the 7, 6.5, these are guide posts that tell you how we are going to be shifting the mix of our tools as we try to land is ship on a, you...

Office. favor ability for reagan, carter, clinton all exceeded 60% when last herbed. so this kind of brought us to our twitter question. if w. can make a comeback this quickly, we want to know who you think is ready for a comeback. at least in our eyes. tweet us your top choices. we already have some good anthony weiners and lindsay lohan, but we'll give the best answers later in the show. turning to the world of business, a bit of a global selloff in the last 24 hours. things seem to be settling down just a little bit ahead of the dow open. steve sedgwick live for us in london. give us an u...

The times also reports investors and banks have been demanding higher payments for their loans which in turn has increased interest rates and bond yields. the federal reserve has frequently lowered rates since the financial crisis, but lately fed chair ben bernanke has i indicated that could change as the economy shows signs of improvement. >> steve rattner, we have been blessed with low interest rates for a very long time. how did things change? what are the great challenges if interest rates start going up steadily? >> we're blessed with great interest rates because we were cursed with a wea...

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