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So i believe he follows the markets a lot more closely than the economy because there's something called the wealth effect. since bernanke, we built up the wealth effect that has driven economic growth. if we lose that, that is one big lynchpin that goes away. so he's really targeting something like that. that's why we're talking 2023 before raising any rates, which unfortunately for the average investor gets zero% on their money markeds. that's a shame also, my friend. >> it is. gary kaltbaum. the russian navy is holding drills near hawaii. why wasn't this mentioned today? we'll ask a former ...

Why Australia's property prices will continue to soar Posted SunSunday 14 updated SunSunday 14 FebFebruary 2021 at 9:51pm Real estate agents have been busy in recent times as the property market continues to prosper. ( Share Print text only With COVID-19 restrictions, only a handful are allowed in at a time. The queues, for units in particular, stretch down the stairwells and spill outside. In some regional areas, particularly coastal locales, the situation has reached fever pitch. Regional prices rose 1.6 per cent in January, more than double that of the main capital cities. Auction cleara...

You don't want to overstate it heard what you think? >> there could be some of these numbers that change. consumers -- two-thirds of the best economy. it's up and down over the last many months. there is something called the wealth effect when markets go up in the economy is doing fine. people feel better. that tends to reverberate down into the economy as people are spending more. >> neil: i like the analogy someone else was using on fox business today. when the boss is happy, i'm happy. if they are happy, i'm happy. >> during the lunch break, hugo buy something else. >> neil: much, much more...

All economy. there are other factors at play. neil: what about record low unemployment levels? >> we also have underemployment at work and people working jobs -- neil: which is better than it was in 2016. >> it is absolutely better. whether that will continue through november 2020 is a separate issue. we have to understand there is the wealth effect where people are feeling better about their financial position because they are looking at their 401(k) and retirement accounts and those are up but that is not something liquid that they can extract. neil: what do you think? >> of the market goes ...

Mortar stores. steve: fight over a flat screen. >> we were supposed to be shopping online. today is cyber monday. this is the day we are all suppose to have had go shop online. i think we will aided by this terrible weather that we have got. we are going to be up to 9.4, $9.5 billion worth of online sales just today cyber monday. terrific start to a booming holiday season. brian: when you talk about so saturday was small business. friday was today is supposed to be. >> cyber monday. brian: tuesday is going to be giving tuesday, we hope. >> stuart: all blending into one. terrific holiday season...