A sock puppet for this clucky want to off course it needs more than that well you know at earlier this week fed chair powell warns of significant uncertainty about the recovery and says Small Business is at risk of course you and i have been covering the fact that you know hes directly responsible for this erosion of price discovery of you know free speech essential he is hes like the tyrant of the markets he doesnt allow Free Speech Free price discovery free markets thats absolutely right he is censoring the machinations of capitalism which we doubt the weak cans and gives us only the winners so that we may become glorious in our quest to dominate the Global Economy but because of the printing thats going on in the bailing out. Of the we can still weakest amongst us in Corporate America what happens is the vibrant new small to Medium Enterprises are pushed aside if they dont have access to credit and the worst behaved myths the albatross the no good necks are flooded with cast to do m
Out. Alix yields on the 30 year in the u. S. Down 19 basis points. Lets get some more layered a, Julia Coronado joins us now. We have been trying to answer this question, what is driving the dramatic decline and move into safe havens . Onryone has been blaming it jay powells gdp forecast for 2022. Do you buy that . Is notthe feds forecast at all out of step with the consensus in bloomberg, bluechip, all of the congressional budget office, so i dont think that is new to the market that it will be a gradual recovery, and i thought that powells message was steadfast in terms of the feds commitment to participating in the recovery. I dont think this can be blamed on the fed. Into complacency with the virus. States that are opening up are starting to see escalating cases even controlled for increased testing. This is still a problem that we need to grapple with, is coming back to the forefront. We were always going somet a risk aversion and point the market would have a ritz look at what is
Pandemic has caused the collapse and consumption of lobster which all comes from maine and canada but a lot of canada apparently has some trade deal with europe and theyve sold more of their lobster to europe and so we have an excess of lobster and we bought some from me and i got shipped overnight from maine so were celebrating having some lobster down overnighted lobster from maine is delicious and you know lobster is just one part of this global commodity breakdown and they look at the commodities commodities told different stories them stock markets and bond markets right stock markets and bond markets responded money printing in a big way and not so much in the commodity market so the oil market the gold market the agricultural markets Coffee Market lobster market like they actually reflect more of the supply and demand of whats really happening around the world theres more of a price discovery in those markets not perfect but it is better than you find in the Financial Markets so
A lot of independents but not much cohesion you might say cohesion index is off the charts as the economists would say and i say we have our new tradition now of having lobster for Independence Day to celebrate america because u. S. Moves to protect lobster industry threatens tariffs on china i dont know why the tariffs on china but nevertheless theyre getting blamed for the fact that the pandemic has caused the collapse and consumption of lobster which all comes from maine and canada but a lot of canada apparently has some trade deal with europe and theyve sold more of their lobster to europe and so we have an excess of lobster and we bought some from me and i got shipped overnight from maine so were celebrating having some lobster down overnighted lobster from maine is delicious and you know lobster is just one part of this global commodity breakdown and they look at the commodities commodities told different stories them stock markets and bond markets right stock markets and bond ma
On in hong kong with china over the weekend saying the security law could override hong kongs legal system. We she we see shares on the hang seng. 23,469 for the hang seng. The csi 300 pointing positive. Showing the resilience across these benchmarks. The kospi as well, we did get those export numbers. A slump easing a bit. Not very encouraging when it comes to exports of chips. Only a gain of 2. 6 . We saw a 13 advance in may. Perhaps this recovery is in an early nascent sense. The p cop, lowered by 910s of 12 . A decision coming through bank of centro and the rbnz later this week. Later on when it comes to assets, the disappointment has been with the china lpr, which they did not do anything. Given the credit numbers we have gotten, perhaps it was reason to pause. The selloff in bonds, are we going to continue to see that change . Ozzie yen, you are seeing a perk up aussie again, you are seeing a perk up. The dollar is rising for a fifth day. We have seen some flareups in australia.