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For National Statistics show the countrys g. D. P. It plunged by 20. 4 percent in the 2nd quarter of this year this is its deepest recession on record this comes after a dramatic fall in output of 2. 2 percent in the 1st quarter of this year while the countrys Statistics Agency compared it to an annual rate of about 59. 8 percent and u. K. Chance to knock said although these are hard times theres still room for hope. We talking about this a few months ago said the hard times were coming and todays figures show the hard times that here hundreds of thousands of people have already lost their job...

With oakland and alameda each of 57 degrees currently, north bay temperatures among our coolest as of right now. Later on today, nothing cool about it will be into the 70s up the coast 80s towards the day and for inland areas, solid midnineties the rest your forecast is still to come james all right john thank you at 6 oh one lets get to the back our big story. The latest on the coronavirus pandemic and the fact that the u. S. Has now recorded more than 3 million infections. And a 132,000 deaths this map behind me here shows you the rise in cases across the country you see california and a num...

Been Holding Interest rates at abnormally low rates right this is nuts it only encourages it increases this behavior absolutely this is kind of what drove everybody to borrow more because debt is cheap why not take on more debt and thats actual thats must been happening corporates have now been issuing junk bonds at record levels record levels and they are deeply Indebted Companies that d are actually using debt to pay off equities so theyre kind of just like borrowing money just to prop of your own share values and thats been working because youve seen the Massive Equity rise and as you point...

Private debt its even more concerning even though Government Debt thats the most attention private nonfinancial day in the u. S. Is at 27 trillion versus public debt is at 19 trillion and the reason why private debt is so much more dangerous is because its more problematic is because public debt has more impact on the economic and the economic landscape shirt right now if you look at the past the roaring twentys the japanese boom of the eightys and most recently the u. S. In the early 2000 what did all 3 of those have in common its a huge levels of private debt low relatively low public debt b...

Been Holding Interest rates at abnormally low rates right this is nuts it only encourages it increases this behavior absolutely this is kind of what drove everybody to borrow more because debt is cheap why not take on more debt and thats actually thats whats been happening corporates have now been issuing junk bonds at record levels record levels and they are deeply Indebted Companies that d are actually using debt to pay off equities so theyre kind of just like borrowing money just to prop of your own share values and thats been working because youve seen the Massive Equity rise and as you po...