The bottom line. Hi im Steve Clements and i have a question well the coronavirus pandemic be the Tipping Point that takes us into years of joblessness and poverty lets get to the bottom line. When we look around we see a lot of people who cant find work and a lot of businesses that have gone bust but there are some winners out there it seems like the Financial Markets are always winning at least from my Vantage Point economists usually say that they saw what was coming after the fact there are always rationalizations for the ups and downs of markets or of jobless rates of consumer and Business Confidence but lets take a look at the big picture my guest today is not afraid to go where many economists wont and to look at the key factors out there that predict a really serious financial and to some degree even social and environmental meltdown affecting each and every one of us all over the world hes not known as dr doom for nothing nuria were being he predicted the us Real Estate Market
Wont and to look at the key factors out there that predict a really serious financial and to some degree even social and environmental meltdown affecting each and every one of us all over the world hes not known as dr doom for nothing nuria were being he predicted the us Real Estate Market crash 3 years before everything came tumbling down in 2008 professor roubini teaches economics and International Business in New York University and he joins us from new york today nouriel thanks so much for joining us i was very very taken with main street manifesto it seemed to sort of break through the noise that there is a stacked deck against people on a lot of fronts well before the pandemic hit and the pandemic is in a sense sped up history and you continue to find people that are not going to be winners in this and the system slowly coming undone even if there are flirtations with what looks like you know growth etc tell us what the the real message behind main street manifesto was well the r
Time. We are getting out of here right on the nose at 11 40. Thank you for your leadership. Thank you for doing this and having me. Ill say this from the getgo. To both congressman. Thank you. Congressman timmins, congressman style, not only did you take speaker ryans plays but you are a former staffer. I dont think theres a more incredible fiscal hawk in the history of politics then probably, doctor tom who inspired this effort in your former boss and predecessor. We are just curious to hear your unique perspective. Not just as millennials but as millennial legislators, Congress Must timmins in your case, Small Business person similar business background. We will start with you congressman timmins. Give us opening remarks. We would like this to evolve into a discussion. While we have you all online. Youve all got so much in common with the members of this mission. This has been an issue near to my heart. The number one issue that iran on. We have been out of control for decades. I fir
Example, will be especially strange this year as we are instructed to maintain social distancing even as we gather to have some fun in the sun. One place where bathers are not welcome is new york city where mayor bill de blasio has threatened to pull people out of the water if they violate his no swimming rules. Just look at that. The new York Metro Area remains mostly in lockdown. Doesnt expect easing in the city apparently until the first half of june. Meanwhile, more and more pushback against the closures as the economic carnage mounts around the country. Some Business Owners fearful that their livelihoods are being destroyed are openly defying orders saying theyll risk fines and imprisonment rather than keep their stores shuttered any longer. And we now have Important Information from a number of states that have had several weeks of experience with loosened restrictions, and it does seem to suggest their plans are working. So were the draconian lockdowns actually even necessary .
Died during a police arrest. This is the area to deal with police and criminal justice. 3 of the Police Officers involved in floyds arrest in minneapolis make their 1st Court Appearance charged with aiding and abetting 2nd degree murder. A u. S. Navy veteran held by iran for almost 2 years is released as part of a deal that saw Washington Free an american iranian scientists. So then the 1st Memorial Service honoring a black man in the United States who died in Police Custody has been held in minneapolis poignant memories was shared of george floyd whose murder spots those nationwide protests the event was also used as a rallying cry to overhaul the Justice System mourners including celebrities musicians and politicians stood in silence for 8 minutes and 46 seconds that select the time floyd is said to have been pinned and a Police Officer. Its crazy all these people came to see my brother. Thats amazing to me that he touched so many people hearts you know that he had such an i was you