Attributes. Do you only work with Pension Funds yourself allen. Were broken down by client be sector i only work with the public Pension Funds thats an advancing the public plans i keep saying the problem their public you learner a lot about how the issues are important across the client basis and it builds expertise city of seattle are fatiguing the issues we think serving only public clients makes us better in serving you. I was remembering i seem to remember that you were trying to combine with an asia group im not sure if did you do that . So we have been pursuing research in asia for several years doing sending our researchers there several times a year we engaged with a Research Firm in asia called g f i a it lasted 15 months we were not getting on the Ground Research we were hoping for but decided to do more trips to asia thats a Big Initiative were think there is lots of opportunities wed rather do it ourselves can you address the issues that if some of the areas are important
Support is the committees outlook, we will likely reduce the securities purchases in further measured steps at future meetings. Of course, continued progress is by no means certain. Consequently, future be adjustments to the pace of asset purchases will be deliberate and dependent on incoming information. Host so, greg ip of the economist, what does all of that mean to the average american . Guest well, so take the most basic aspect of that. One of the aims of the bondbuying program was to hold down longterm treasury yields. Essentially, when you buy a bond, you push up the price, and that pushes down the Interest Rate on it, and because Mortgage Rates are usually linked closely to 3w07bd yield, the more are bought, the more it held down Interest Rates. Over the last eight months as the market became aware the Federal Reserve pulled back on this program, we saw some rebound in mortgage Interest Rates. What mr. Bernanke hope is the that by gradually continuing the process over the comin
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Now, youll see tonight that between what we have learned and now that we have a much better understanding of what we need to know, we are on an entirely new footing in terms of our analysis of this president and potential problems for him. Okay. And for you in particular. You will now understand why the president has done certain things with the covid relief bill, with his tax bill. You will understand now why he structured it the way he did, what it means to him. What you wont understand, but well all be on the same page, is that we need to know who has lent this president unbelievable sums of millions that are personally guaranteed ill tell you why that matters and are due in just a few years. All right. So, this much we know, okay. All of this time that he has been spending trying to deal with this and what it means, he wanted to keep this from you because he is not what he has told you, and because he doesnt have what he says, because he has money coming in from places that he didn
You will understand why he structured it the way he did. What it means to him. What you wont understand, but will all be on the same page, we need to know who has lent this president unbelievable sums of millions that are personally guaranteed. Ill tell you why that matters . And are due in just a few years. This much we know, okay . All of this time that he has been spending, trying to deal with this, and what it means, he wanted to keep this from you because he is not what he has told you, and because he doesnt have what he says. Because he has money coming in from places that he didnt want you to know, and because he has money going out that is not only undercutting the idea of his wealth, but raises significant questions about who would lend him this money . Why would he be personally guaranteed . Very unusual in High Net Worth situations like his own, with all these different corporate entities. Why would he personally guarantee . Why would he have to. Who is it too . National sec