CNBC Squawk On The Street August 22, 2014
Economicists and central bankers is the entire focus for one day. Decided to make it wonky and focus on the labor market. I would be quite nervous, the financial markets, for the next 90 minutes because the world and the dog thinks she will be dovish, push the time line back for raising rates, keep it back so we surpass 2,000 on the s p 500. Thats what the markets positioned, what will happen, and it makes me nervous. 28 record closes, up 14, amazing statistic. The market climbs a wall of worry. Its a belief the central bank is there for you, basically. A wall of worry. Thats been the belief f...
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