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
Maria joining the conversation dierdre bolton, lee carter and chairman of forbes media former republican at candidate steve forbes, great to see you this morning. Good to be with you. Maria thank you so much for being here, a lot of fireworks on capitol hill, thats our top story, House Intelligence Committee Holding First hearings, lawmakers grilling acting ambassador to ukraine William Taylor and george kent, both sides making their case, watch. Because it is discovered before it is fully consummated, the Security Assistance had been delayed so long it would take another act of congress to ensure that it could still go out, ambassador taylor and mr. Kent; i like to welcome you here, id like to congratulate for passing the democrat star of chamber additions in the capitol, seems like you agree witting or unwittingly to participate in the drama but the main performance a russia hoax has ended and youve been cast in the low rent ukrainian sequel. Following the call with President Trump,
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
Finance over the past decade global dead has ballooned by more than 70 trillion dollars which again has been driven by both governments and corporations so christine lets break this down here because were talking about a global debt that is really equivalent to 320 percent again these numbers are so hard to even fathom 320 percent of global Gross Domestic Product how is that sustainable on any level is not sustainable and thats why this rising debt level that has absolutely no signs of slowing down has been flagged by economists as one of the biggest risks for the economy and probably the next breaking point and right now as you point out this is a combination of both Government Debt public that as well as private debt and the 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 p
Guests dolly parton Kacey Musgraves, and featuring the legendary roots crew questlove 1160 steve and now, heres your host, jimmy fallon [ cheers and applause [ cheers and applause jimmy hey, thats what im talking about. [ cheers and applause welcome, everybody, welcome. Welcome, welcome, welcome to the tonight show. [ cheers and applause thank you for being here thank you for watching what a special night it is our entire audience is made up of people Gordon Sondland implicated in the ukraine scandal. Isnt that beautiful [ cheers and applause its a special night thats right today was day four of the impeachment hearings i dont want to say things are bad for trump, but right now, not even baby yoda could cheer that guy up. [ laughter ] i mean, it was a wild day in washington today we heard testimony from ambassador Gordon Sondland, who directly implicated trump in the ukraine scandal. [ audience oohs you could tell it was bad for trump, because he did something he never does. He turned