The Fed's Response to a Real Problem

A problem of everyone's short dollars and that's been one of the reasons why, you know, people have been saying everyone's selling their treasuries is terrible. And my issue is that I don't think the fed is going to respond until we have jobless claims at five. And that's not going to happen until like the beginning of next year. But let's just say, and if they do, I'm going to be very, very, very worried for the future because it doesn't look good," he said.