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 pointed out well all time highs right now we only have like 15 seconds when i ask you about this real quick Federal Reserve just injected another 104 1000000000. 00 into markets overnight again on thursday and ran over night into friday the Federal Reserve is just a huge part of this right continuing to dump cheap money at lowest Interest Rates and its not good for the economy unless were not only that
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 but huge huge unsustainable levels of private debt that kind of just funded the incredible binge and rise you know theres also been a study in the not just of this borrowing taking place right because its really borrowing money that doesnt exist but as part of the Central Banks have been Holding Interest rates at abnormally low rates right this is nuts it only encourages it increases this behavior
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 pointed out well all time highs right now we only have like 15 seconds when i ask you about this real quick Federal Reserve just injected another 104000000000 dollars into markets overnight again on thursday and ran over night into friday the Federal Reserve is just a huge part of this right continuing to dump cheap money at lowest Interest Rates and its not good for the economy unless were not only
Coming back, so Howard Street between 3rd and 4th street will be closed. That started november 12th at 6 00 a. M. It will be closed through november 24th at 8 00 p. M. So, just be aware of that. The advice here is to take Public Transit if you can. Walk, bike, scooter in that area. But dont take your car down there. We are looking now live at our emeryville camera. Everything is flowing this morning which is great news for everyone around the bay area. Same thing down in the south bay. Live look at 280 as our morning gets started. Reggie and kumasi . The Vice President continues his California Tour today in the bay area. The nasa Ames Research facility is hosting an event for mike pence. Lauren martinez is live in Mountain View with more. Good morning, lauren. Good morning. Vice president mike pence along with nasa administrator jim brinstein will discuss the role the center will play in returning astronauts to the moon within the next five years. Last night the vp landed with his wife
Money just to prop of your own share values and thats been working because youve seen the Massive Equity rise and as you pointed out well all time highs right now we only have like 15 seconds when i ask you about this real quick Federal Reserve just injected another 104000000000 dollars into markets overnight again on thursday and ran over night into friday the Federal Reserve is just a huge part of this right continuing to dump cheap money at lowest Interest Rates and its not good for the economy unless were not only that but they also include 28. 42 day term loan repos into this agenda and thats the new news for right now so theyve tried to inject money into the system consistently that has not solve the problem so now theyre extending the term and trying to increase more liquidity and right now the most worrisome part of all is that theyve made this the new normal so whats going to happen when they take their hand out of the Banking System right now they cant i think we all know eur