Abramowicz. Jonathan live from new york city, good morning, good morning for our audience worldwide. This is bloomberg surveillance alongside tom keene and Lisa Abramowicz i am jonathan ferro. The best day of gains since midseptember on the s p 500. Bonds are just settling down a little bit. Tom i will go with that, but it is fragile. I would say that it is a fragile calm at best. After the festivities in washington, the matt gaetz interview yesterday, i have had time to look at a set of charts. I wont bury you with the details but it is a peter pan economy. I have never ever seen some of these charts in any of my studies. We are in a bond land that is never ever. Jonathan the Bloomberg Team has done fantastic work on the numbers. The price disruption. The bonds showing 10 years or more. Slumped 46 since peaking of march 2020 according to data bloomberg. Just shy of the plunge in the aftermath of the. Com bust. The destruction that weve seen in bonds is almost as bad by some measures a
For stocks. A little bit of upside on the nikkei at the start of trade. We are still seeing dollar yen hovering at 155. 6. Of course its about whether we get any indication about curtailing of bond purchases from the Japanese Central bank. Seems like the bond markets are betting we do coming on the japanese 10 year government bonds. Lets take a look at what we are seeing in south korea. Yesterday we saw those declines on stocks as the metaearnings and outlook put a dent in what was otherwise a recovery for asian stock markets. Taking stock, weve seen four of the seven banks report and so far it looks quite good, especially after microsoft and alphabet knocked things out of the park, proving their worth and that they are able to make money from aia investments. Weve seen the upside in south korea as well, the korean won moving toward 1370. Lets look at whats going on down under. Australia was on break yesterday. The big news was how bhp is having a takeover approach for the rival Anglo
Also announced that the Civil Defense forces were able to evacuate the injured from the fire do the Prime Minister of iraq ordered the ministers of interior and health to mobilize all their efforts to provide relief to the victims of the hamdaniyah fire in nineveh province. Iraqi Peoples Mobilization organization troops announced their presence to donate blood while participating in the rescue operation of the injured. The representative of syria in the United Nations said in a speech at the General Assembly of the United Nations the approach and policies of successive governments in the United States during the past years have been to create chaos and insecurity in syria. Bassam saqa added the planned looting of syrias national wealth, such as oil, gas and wheat the hands of the american invaders have deprived the Syrian People of the income from these sources. According to the representative of syria in the United Nations, the financial damages caused to the people of this country re
Tonight. With this short introduction that mr. Dr. Khosravi mentioned, let us also say that dr. Mazaheri , the former head of the central bank, has joined our group. Hello and good night, thank you very much for allowing us to go to the first step of tonights news talk and see a report with this short introduction that was said about the banks. Some banks, which are really commercial banks , are doing bookkeeping, well, the main problem today, we have a warning from the head of the central bank about the banking of banks. Some banks, whose work is purely commercial, are doing banking. This is not correct. They must sell the bank and get out of banking. But why do banks turn to Debt Management . During the years after the revolution, the banks were interested in getting an income from the inflation in the countrys economy, and this led to the fact that, unfortunately, in our economy, we are witnessing a certain scarcity. It is empty that some banks have hoarded are there are 3 banks tha
Down so please thank me join me in thanking rob for coming today and book. And now i am so pleased to introduce tonights speakers gerald epstein. Ian is the professor of economics and codirector of the Political Economy Research institute at the university of massachusetts, amherst. He has published widely on a variety of progressive Economic Policy issues, especially in the areas of central banking and international finance. His previous books include the political economy of central banking contested and the power of finance and whats wrong with modern money theory . A policy critique. He is also a longtime member of the center for popular economics. Hell be joining in conversation tonight by juliet schor ford, professor in economics and associate energy at boston college. Gerald epstein is presenting his new book busting the bankers club finance for the rest of us. Bankers brought the Global Economic to its knees in 2011 and nearly did the same in 2020, both times the u. S. Governme