Page 7 - Creative Destruction News Today

Strain, director of economic studies s a i, widely published scholar in a comic finance and many other areas in his new book is an exceptionally clear and broad overview of the state of American Economic life, the actual conditions we face, the trends over recent decades, the dark stories we hear in our politics about the conditions americans have experienced and what our prospects are. Things are better than the mood of our politics and the critics of the market economy would sometimes suggest,...

The actual conditions we face over recent decades with the dark stories that we hear with those conditions of diamerican experience and that the critics of ther market economy those are among the most important of those critics the controversial pieces i am resistant to be told everything is fine. But it is an argument that you will see here tonight that is a fairly supportive thesis in the book. When the smartest social analyst and policy thinkers in washington the chair and senior fellow of ec...

Less normally. Lets start there, jim, in terms of the market overall. I have a lot of insight this morning to share on the credit markets where i tend to be focused of late. Like to come to you. When you see a rally, the likes of which we may at the open this morning, what are you thinking what i think about when i see this, the market got oversold, people last night went home thinking theres no possibility of any sort of deal. Without a deal all you have is the fed making sure theres liquidity ...

The news which is why im not going to give you those stories those tired stories im to give you the hidden stories and heres one of them this pandemic has been made worse and continues to be made worse by toxic nationalism which is hilarious considering the virus doesnt get by your borders it doesnt care if you put above or you speak a different language or youre an immigrant or you got circumcised in a ceremony where the shah minute chanting and buckets of mangoes and there were bagpipes playin...

Risk right well that was a tool developed to manage risk but when that didnt work all the time 100 percent of the time bankers got their friends like jay powell lets look at this tweet from you are you ready for monday jay powell goes but. I get my spanish comes in handy there to know how to roll those r. s but once theyre Risk Management tools starting in 1971 the portfolio insurance crash the markets the fed came into the rescue and thats the fed puts well then weve seen since that any time th...

Starting in 1987 when the portfolio insurance crash the markets the fed came into the rescue and thats the fed puts well then weve seen since that any time that the bankers and all their huge amounts of derivatives whenever theres a problem there the fed comes to the rescue i. E. Theres a problem with distribution of risk in the supply chain of risk doesnt go away the risk is still there but it just keeps on getting deferred either into the future or to some group of suckers like you know Pensio...

A lot of problems associated with that but thats the big question stacey it is all about this one issue that you and i particularly you have been talking about for years to be an options trader and what is options trading all about but managing risk right well that was a tool developed to manage risk but when that didnt work all the time 100 percent of the time bankers got their friends like jay powell lets look at this tweet from you are you ready for monday jay powell goes but. I get my spanis...

Court with the with the coronavirus was 1st being talked about or government and our media used it as a chance for anti china propaganda the New York Times put it this way to tame coronavirus malice style social control blankets china oh social control you mean like everyone stay 6 feet away from each other no one go to a restaurant travel restrictions you mean the stuff were now doing in america. But when in doubt racism is always the best bet in a pandemic in fact our buffoon of a president co...

That. Im. Welcome to redacted tonight so this is a comedy show were americans in america covering American News called foreign agents i dont have to tell you that things are bad were in the middle of a Global Pandemic the economy is collapsing and perhaps scariest of all the w w e is performing their advance without an audience its going to be a slaughter. Just to know what. Let me. It seems oddly romantic now doesnt spend it feels like theyre about to make out at any moment and i think we could...

West squandered it yeah sorry about all that racists we printed a month ago weve completely changed our way until a month from now when we go back to pushing for white supremacist wars where we get to blow up arab people look folks right now this moment is its horrible and its traumatic and its also important time it showing us not just the incredibly ridiculous flaws in capitalism but its also showing us our shared humanity were in this together we must join together to fight this thing and sha...