NEIL: PEOPLE NOTICING THESE
PLANT IN SOMETHING IS GOING ON
THAT'S NOT TYPICAL.
>> YOU KNOW, I AGREE.
SOONER OR LATER THERE IS GOING
TO BE A DAY OF A 998% SURE OF IS
FOR REDO HIT A WALL.
THE FEDERAL RESERVE JUST KEEPS
GIVING HIS SON MONEY.
YOU CAN'T KEEP DOING THAT
BECAUSE YOU HAVE THE WORLD
ECONOMY AND THE FATHER RUNS OUT
OF MONEY.
>> THEN WHAT IF YOU DO.
THEY'RE ALL HER TURN AS THAT A
LOT OF PEOPLE GET INTO SOYBEANS
AND AGRICULTURAL ITEMS AND THE
PROSPECTS AND THE HOPE OF A DEAL
WITH CHINA LIFTING A LOT OF
VIEWS.
CEO TERRY DUFFY WITH US RIGHT
NOW.
WHAT DO YOU THINK ABOUT A DEBT,
A LOT OF PROBLEMS COME A LOT OF
VOLATILITY.
MAYBE FOR STOCKS A LOT OF.
>> FIRST OF ALL, HAPPY NEW YEAR
TO YOU.
THANK YOU FOR HAVING ME.
THANK YOU.
I THINK KARL IS ONTO KARL IS ON
TO SOMETHING THAT I'VE BEEN
SAYING FOR A WHILE THERE IS A
LOT OF DEAD IS A LOT OF DEBT
PEOPLE HAVE NOT BEEN PAYING
ATTENTION TO FOR QUITE A LONG
TIME.
THE $1.4 TRILLION IN CREDIT CARD
DEBT ON TOP OF THE MARKETS.
THERE WILL BE A DAY PEOPLE NEED
TO FIGURE OUT HOW WE'RE GOING TO
ADDRESS THIS.
CARL IS DEFINITELY ONTO
SOMETHING BUT IT'S BEEN GOING ON
FOR SO MANY YEARS THAT NOBODY'S
BEEN PAYING ATTENTION TO IT.
>> I GUESS WHAT GETS THE
ATTENTION HIS FOR YEARS YOU
ACCURATELY POINT OUT WE BEEN
ABLE TO ABSORB IT OR DEAL WITH
IT BECAUSE INTEREST RATES ARE SO
LOW.
THAT CAN BE GOOD FOR A LOT OF
COMMODITIES AND THINGS UNDER
YOUR PURVIEW.
BUT DO YOU WORRY EVENTUALLY IT
IS ALL INVESTMENT VEHICLES.
I'M NOT THERE TO PREDICT THAT.
THE RECENT UPTAKE WE'VE SEEN
ASSOCIATED WITH TRADE GOODS
FARMERS HAVE BECOME MUCH MORE
EFFICIENT.
THEY'RE CREATING MUCH MORE
PRODUCT, NOT NEARLY THE AMOUNT
AND WE'VE CREATED A LOT OF
PRODUCT AT A LOT OF PRODUCT THAT
ALL OF A SUDDEN ONE OF OUR
BIGGEST CUSTOMERS GOES AWAY.
YOU'LL HAVE DEPRESSED PRICES IN
THE NOUGAT VOLATILITY IN THE
MARKET PLACE.
PEOPLE ARE ATTRACTED TO THIS
FROM AN INVESTMENT VEHICLE.
WHAT'S IMPORTANT IS THE WORLD
GETTING BIGGER.
>> INCLUDING THE CHINESE.
IT'S A THREE-WAY TIE GOLD IN AND
OUT OF SIX-MONTH HIGH.
AS THE BILLS SUCH AS THE GLOBAL
ECONOMY GIVEN UP FOR DEAD WHEN
YOU THINK OF THIS?
I THINK WE'LL ALWAYS HAVE EBBS
AND FLOWS IN THE ECONOMY AND
TODAY IS NO DIFFERENT.
OVER THE LAST 10, 12 YEARS THE
CRISIS OF THE WAY.
IT DOESN'T SURPRISE ME.
ON THE TRADE ISSUE FOR A LONG
TIME THERE'S NOTHING WRONG WITH
HAVING TRADE DEFICITS WITH OTHER
COUNTRIES AROUND THE WORLD IT
GIVES YOU A SEAT AT THE TABLE ON
A WHOLE HOST OF OTHER ISSUES.
WOULD HOPE THE PRESIDENT WOULD
FOCUS ON INTELLECTUAL PROPERTY
WITH CHINA INDIA WITHOUT AND
MAYBE DO WITH THE TRADE ISSUE
SEPARATELY.
THERE'S A COUPLE DIFFERENT WAYS
TO ADDRESS THIS, BUT I
DEFINITELY DON'T THINK THE WORLD
ECONOMY INSTEAD.
NEIL: THE APPROACHES TAKEN EVEN
IF IT SCORES A VICTORY, IT MIGHT
NOT BE WHAT HE WANTS.
>> IT COULD BE THE CASE.
IT COULD BE GOOD FOR THE UNITED
STATES AT THE PRESIDENT CAN GET
SOMETHING DONE ON ONE OF THE TWO