Current conditions, 111. 6. Expectations have come in at 107. 4. So weve kind of met the expectations as far as the headline Business Expectation is concerned. Euro dollar, not a huge reaction on that. And were still pretty much with this 137 handle, as well. 64, remember, the high for the year is 138. 30 is where we stand. Still another bit of data thats suggests all is okay as far as germany is concerned. Leeann banbrex joins us now. Jan, nice to see you. We have a dichotomy in europe particularly between the german and the french economy. Euro dollar doesnt seem to care an awful lot. At the moment, not. Theyre waiting for that big truck, the big elephant in the room, really. If you look at the german ifo index coming out. The uaw index is better. But this is really what the real economy is doing and the back stop that the German Economy is in reasonably good back step. Bear in mind retail pmi in germany has been good for half a year now. If you look at Capacity Utilization in the co
What money can buy in Different Countries and that shows that china will be the country sometime this year. That it is growing so fast and we are growing so slow that it is just a matter of time. But apparently all of this is unfolding five years ahead of time. Were going to have donald trump on this very shortly to talk about the implications of this and why he says a lot of folks in washington should be fired for this. The bottom line is that this ad is coming back to haunt people. Take a look. Or not. David williams is the president of the taxpayer alliance. That is the famous ad that had the chinese chuckling at our expense that theyre on the verge of eating our economic lunch. Steve, what do we make of this. It is an unusual number. The Severe Weather patterns we had in the northeast and midwest but even if you account for that its a lousy number t. Problem is we have been stuck now for five years in this 2 or less growth path and that just isnt enough to put americans back to wor
[inaudible] from jpmorgan, rightsome. yeah. and worked very hard, did you not, mark, to prevent it from being regulated. do you think he was right? well, i ll say what i would like to say, and then maybe we should let mark say in the interest of fairness. .. self-correcting mechanisms and you improve the success in finding its own rhythm. and the problem with that was really twofold. which is one when you had when it was a very small part of the overall financial system then perhaps you could afford to have a few ebbs and flows even in the extreme not stabilizing all of it. and initially when derivatives were developing you were talking about numbers now seem small. the problems came when the expansions became so explosive that in a sense suddenly it stopped just being a small part of the financial system and began to populate the system in a way that that if you have ebbs and flows that could be destabilizing but the other problem was that you didn t really have a