Before, and indeed is doing right now with the boston fed itself, running a special fund to back up money markets he says that regulatory changes will allow restructured loans from the banks can be brought to the Federal Reserve and be funded that way, and wont be frowned upon by supervisors, so kind of an encourage from the Bank Survivors to get to the to work with their customers and restructure loans. Finally, says its the need to support essential workers and its the best of times here for the public spirit here let me just talk about this rising unemployment rise dramatically were only looking for 0. 2 of an increase in the friday jobs report, but thats not going to pick up whatwear seeing in the more frequent data we had north of 3 million claims last week. Expectation for tomorrow is north of 3 million as well both of those together would raise the Unemployment Rate quite a bit by itself. So were looking beyond the data, tyler and kelly, because its not necessarily going to pick
Most responsible for the imbalances that we see in the world that the global trade imbalances the global neal liberal imbalances caused by. All of this insanity of sending our manufacturing overseas for example is Larry Summers he was the treasury secretary under bill clinton from 1909 to 2001 so he oversaw glass steagall remove all he oversaw w t o. Except in china into the World Trade Organization he saw all those sort of things that dismantled the commodity futures modernization act he saw the stuff that created the destabilization that we see going on so it was quite ironic or and indeed quite repulsive to see him tweet this max thoughts at the end of a long week why cant the greatest economy in the history of the world produce swabs facemasks and ventilators and adequate supply Larry Summers is a key figure in americas downfall the problems of the kovac 19 virus today and the problems in the markets around the world have a direct antecedent to Larry Summers and that codds array of
I am max kaiser this is the kaiser report lockdown baby present planet global lockdown while things are being revealed as the tide of neoliberalism goes out stacy yes one can just see you until we say otherwise that we realize we are under lockdown as is most of the rest of the world this is the covert 19 pandemic on going around the world but on top of that we have a money printing pandemic we have a us feel dollar global system pandemic that weve been discussing for the past 10 years here on kaiser report and one of the people most responsible for the imbalances that we see in the world that the global trade imbalances the global neal liberal imbalances caused by. All of this insanity of sending our manufacturing overseas for example is Larry Summers he was the treasury secretary under bill clinton from 1909 to 2001 so he oversaw glass steagall remove all he oversaw w t o. Except in china into the World Trade Organization he saw all those sort of things that dismantled the commodity
A key figure in americas downfall the problems of the kovac 19 virus today and the problems in the markets around the world have a direct antecedent to Larry Summers and that codds array of elites harvard elites and wall street the leads who decided to this array the American Economy carve out everything and leave a rotting corpse in their wake and now hes frantically trying to deflect and assign blame and point fingers and he needs to look in the mirror Larry Summers as a heinous repulsive character in American History who is goes down in history as somebody who is a Benedict Arnold the almost quality theres a saying that goes he who smelt it dealt it well heres the guy who smells the situation perhaps hes the one that dealt this rotten smelly situation now think about it in the United States as we covered many times that the United States is a hospital masquerading as a country we have 18 percent of our g. D. P. Is devoted to the Health Care System and one of the arguments that many
Consequential damages to the marketplace yeah you know already communist china is saying they might even be shutting down some of their pop up hospitals what does it say about health care the most Expensive Health care system in the world the United States in terms of tax capita income in working this out in the United States the Coronavirus Response in general as it relates to the markets the big question is how overrule ruly end now damaging will the buyers be and so if its 10 times worse than the flu and thats going to have a consequential damage and major stress on the u. S. Health care system yeah but it was many you just said if you just said in defense of that you have taken defensive positions why is that and whats it like actually at sky Bridge Capital right now as the information filters in and you get new cases every other hour or so every other day i mean this is my 30 and i was in the white house for 11 days prior to that. That and after that and ive been doing this for 31