Iea saying the global glut say that ten times fast is bigger than thought. And the risk of Oil Prices Falling further has increased. That this has nearly every oil Company Stock lower again today despite some of the bigger names likes exxon, chevron, shell and others being in the middle of a mini rally this month. Self ron up 2 this past week. And exxon mobile up about 6 . Joining us now chris kelly, he covered the oil sector for janice. Chris, listen, lets try to focus the whole story through one stock. That is a name you like. Enterprise products, he pd. Their numbers werent terrible. Their earnings per unit down a little bit but better than expected. Volumes, okay. Gross margins, okay. Yet the stock is being absolutely pumeed. Are we seeing and this maybe is just one example of it indiscriminate selling at this point without regard to fundamentals . Hi brian thanks for having me. I think we are having some technical macrodriven elements of the market outside of fundamentals. To be c
Intrensic value column. He has written several books including origins of the crash, the end of wall street and tonights topic of discussion Americas Bank he let me know there is a great review of it coming out in the Washington Post tomorrow so we can read about that tomorrow. He has three children and lives with his wife in newton, massachusetts. Please join me in welcoming roger lowenstein. [applause] debra, thanks very much. A wonderful introduction. I am glad i dont have to talk about dinosaurs. I dont know much about that. What im going to do is mostly talk to you and read you passages as well that i mope High Pressure c hope conveys the drama of the story. This was my first history story. It was the most exciting project i have been in. The people i wrote about reminded me of people on the scene and the book is full of stories. Last night, anyone who saw the republican debate, you saw rand paul came out against the Federal Reserve and tasaid ther is no point in having a Federal
Become the adviser and then the transition in your mind to be much more precise how does that workout at home . How did they react to someone who has to talk that way . I a big kiss by my wife to quit talking like that at home. I dont do that necessarily. [laughter] but it understated and that pressure. My home life was a tremendous relief and my wife is good at giving me the oasis or the sanctuary to think about Something Else for a change. Is added page 42 you talk about the bookie were riding with the call that changed your life to be appointed to the Federal Reserve you were working on a book called the age of delusion how politicians and big ears created the Great Depression and. What will the next call, what title would they give to a similar book describing the lead up . Probably Something Like asleep at the switch your too complacent now wind of the aspects that they is looked stable overall. With that housing eland mortgage sector but it depended on shortterm debt that led to
Human rights. United states and cuba restored diplomatic ties in 2015. It had been 54 years. Washington has been gradually lifting sanctions on the island and theyve been slowly making economic reforms. Obama has also signed legislation imposing new sanctions against north corey. It aims to punish pyongyang after its recent nuclear test and what is widely believed to be a longrange Ballistic Missile. The sanctions will freeze the assets of any person or company doing business in north Korea Related to the pro plif ration of human rights or cyber crimes. Penalties include banning those from activities from entering the u. S. Congress approved the bill last week. Japans government decided to impose its own stiffer sanctions against north korea, including tighter restrictions of movement of the people between the two nations. South korea suspended all operations at an Industrial Park it ran with the north. In may, north koreas ruling party will hold a congress for the first time in 36 yea
And stress the need to improve human rights. United states and cuba restored diplomatic ties in 2015. It had been 54 years. Washington has been gradually lifting sanctions on the island and theyve been slowly making economic reforms. Obama has also signed legislation imposing new sanctions against north corey. It aims to punish pyongyang after its recent nuclear test and what is widely believed to be a longrange Ballistic Missile. The sanctions will freeze the assets of any person or company doing business in north Korea Related to the pro plif ration of human rights or cyber crimes. Penalties include banning those from activities from entering the u. S. Congress approved the bill last week. Japans government decided to impose its own stiffer sanctions against north korea, including tighter restrictions of movement of the people between the two nations. South korea suspended all operations at an Industrial Park it ran with the north. In may, north koreas ruling party will hold a congre