Time now you know because of that crime wave that weve been focusing on and looking at because their markets finance and scandal you know the feds Balance Sheet they now own 22 percent of all marketable securities which is up from 13 percent last september 2019 so the feds Balance Sheet is having to expand as the fraud expands and the fraud cant shrink because you cant taper a ponzi right exactly right that the fraud has been going exponential with Goldman Sachs j. P. Morgan and all the banks in this fed has been soaking up all the bad debt that had they kept on their Balance Sheet these banks would have had to declare insolvency. And as a result america is now losing out in the global geo political race to china i think theres a direct connection its a direct connection and now were at a stage where frankly we also broke that point. Dollar on the show you know resurrect the point now in history where the central bank is kim la bella out itself if its the only boat in the water in othe
Youtube segment. The coronavirus remains front and center the u. S. Reporting more than 90,000 cases in a single day for the first time ever. 59 minutes to go in this session, the week, and the month. We are down 3 on the nasdaq today. Ahead on todays show we will speak well break down all of these moves and speak with dan niles and see if he is buying any of the tech nims names on the dip. Lets get first to the market. Mike santoli is tracking the action for us. What stands out . Just in the last hour or so, the s p 500 did go back down and test this level everybody has been watching. We have been pointing it out all week basically the september lows, 3,230 and change we did hit it on the nose. It was a little bit of a tag and then bounced off that. Thats what a test looks like. You dont pass every test. Keep that in mine. It is also the june highs. Also the break even level for the year so there are understandable reasons why people are clustered in this area and decide whether thats
Sachs j. P. Morgan and all the banks in this fed has been soaking up all the bad debt that had they kept on their Balance Sheet these banks would have had to declare insolvency. And as a result america is now losing out in the global geo political race to china i think theres a direct connection its a direct connection and now were at a stage where frankly we also broke that point in a dollar on the show you know rather right the point now in history where the central bank is kim la bella out itself if its the only boat in the water in other words america sprung a leak its sinking im geopolitical stage to china and to bail itself out its its trying to. You know shovel the water out of the boat and then they put it back into the central bank so theyre there doing this thats how the. Bellowing themselves out and of course theyre sinking again weve talked about this in previous episodes its just an inevitable thing its not like if it were france who are the empire right now they would be
No one knows them better than dan tillman. Plus, working from home, bitcoin and more. And demand for electric vehicles. We hear from the ceo. We have to get back to the markets. This is the top story of the markets ending the day near the session highs. Stocks tech stocks are ending high. President elect nominate janet yellen to be treasury secretary. So much news on the day. There is more positive news around vaccine. We have this big, cyclical valley. That brings another record high for the small caps. As you are pointing out, it has taken a few years for them to get a record high. Day, hitting the alltime high. The energy index is up. It will be interesting to see what is there and what happens in the future. Some are saying that the excitement around the iphone 12 is priced in and the buyers are stepping away. Nominate is likely to janet yellen, the former fed chair for treasury secretary. The markets took a move up. There was a moment where the s p 500 dipped ever so slightly. The
A dollar on the show you know rather right the point now in history where the central bank cannot bellow out itself if its the only boat in the water in other words america sprung a leak its sinking im geopolitical stage to china and to bail itself out its its trying to. You know shovel the water out of the boat and then they put it back into the central bank so theyre there doing this thats how theyre bailing themselves out and of course they are sinking again weve talked about this in previous episodes its just an inevitable thing its not like if it were france who are the empire right now they would be doing the same thing if it were brazil they would be doing the same thing this is the inevitability and what were telling you is a spare pair for such inevitabilities this is what happens this is why you know the citys trap is when a rising power always ends up in conflict with a shrinking power and. We hit that moment in like 2 years ago when it was clear that huawei the chinese tele