Cantillon effect all the money printing is going to these billionaires directly so were going to show you how the cantillon effect is not only help the billionaires but now the Central Banks are directly intervening and gifting these billionaires this money the e. C. B. Bots l v m h bonds to finance tiffany acquisition are no is one of the richest men in the world e. C. B. Q. E. Is nuts the mh sold some bonds and apparently the e. C. B. Is in the Corporate Bond market just like janet yellen as we mentioned last episode is planning on that or suggests that the Us Federal Reserve does that eventually they change the laws so that the Federal Reserve can buy Corporate Bonds well 2 of the 5 euro traunch as were placed that negative yields meaning investors are paying a single a rated l v m h to borrow money thanks to the e. C. B. I mean this is really the end game because you had a period in Global Finance where banks got in trouble you know in 2008 they may horrible loans and they were ins
World e. C. B. Q. E. Is knots the mh sold some bonds and apparently the e. C. B. Is in the Corporate Bond market just like janet yellen as we mentioned last episode is planning on that or suggests that the Us Federal Reserve does that eventually they change the laws so that the Federal Reserve can buy Corporate Bonds well 2 of the 5 euro traunch as were placed at negative yields meaning investors are paying a single a rated healthy m. H. To borrow money thanks to the e. C. B. I mean this is really the end game because you had a period in Global Finance where banks got in trouble you know in 2008 they may have horrible loans and they were insolvent they became technically insolvent so the Central Banks got together and they said lets lower Interest Rates down artificially to near 0 so that banks can borrow unlimited amount of money at 0 percent Interest Rate and recapitalize themselves in paper over all the mistakes and it made a lot of billionaires as you mentioned jeff bezos bill gate
I mean this is really the end game because you had a period in Global Finance where banks got in trouble you know in 2008 they may horrible loans and they were insolvent they became technically insolvent so the Central Banks got together and they said lets lower Interest Rates down artificially to near 0 so that banks can borrow unlimited amount of money at 0 percent Interest Rate and recapitalize themselves and paper over all the mistakes and it made a lot of billionaires as you mentioned jeff bezos bill gates Michael Bloomberg say made like of 40 or 50000000000 in the last 10 years based entirely on money printing from the fed and his relationship to the new york fed so now we are in 2020 and bernard are no of a luxury brand wants to so more d high priced trenchards to his billionaire friends who have been given billions of dollars so he took the money from the European Central bank that has near 0 percent Interest Rates that bail out the banks and he took that to acquire to. Winning
Longer than this one week closure. There is a News Conference set to happen at 1 30 this afternoon. Well be there. And coming up today on the 4. Meanwhile, an investigation is under way after three attempted carjackings happened within just 30 minutes of each other. Police are now looking for a group of suspects. As ktvus Christina Rendon reports, one of the victims is speaking out. One of the victims is an uber driver whose fight or flight response kicked in when he chose to fight back. They tried to carjack me and i didnt let them do it. The attempted carjacking happened around 2 30 this morning. The uber driver reported it to police who were nearby on a different call. He says he was turning from harrison to 9th which when three people came running from around the corner and tried to force their way inside. One got into the backseat. One tried to get into the drivers seat pointing it at me. And he kept trying to open my door and he finally opened it, tried to yank me out and i kept
Striking distance, stocks are on track for what would be well see, the first loss in four sessions, but really cant get much of anything out of the future moves right now plus, deal or no deal, tmobile sprint battle heads to court. 13 state attorneys general led by, of course, california and new york are seeking to block that merger. And it is an m a monday, we have two big premium deals in biotech, sanofi and merck. Im going to get to that jim does too stock picking so important there in terms of figuring out where those premiums are going to end up stocks overall set to look for a modest open this morning, this after fridays jobs report rally. That resulted in the s p erasing its losses for last week trade once again in focus here, heard jim talking about it on squawk box. The next round of u. S. Tariffs against chinese goods set to go into effect, this sunday so we are now counting down. And new data Shows Chinese exports to the u. S. Fell 23 in november i dont know how much more th