In his second life he discovered the constitution was not perfect. Thoughtht he had against political parties, he actually founded the Republican Party to fight the federalist party. He became a partisan very much against his own wishes. His third life he got to be secretary of state for eight years and president for eight more created he got to take on all of the decisions when you are running the show, and faithfully taking us into the first war. Very much against the principles of his lifetime. Person,about him as a size and health problems, and all that. Noah he was very different than the other founders. He was very much in his head. He was deeply committed to reason and logic. Speaking. Ublic he hated are you doing had a disagreement. He was much smaller than the others. He was maybe five foot six inches tall. He may have been shorter according to some accounts. He was very cautious about his health. He did not want to get sick did as a custom, he never took a sea voyage anywhere
Gina we dont need to worry about the 10years getting too expensive until 3. 5 , quite frankly. Weve seen 3 in the past few years. Our work suggests the sort of positive effect on the Financial Sector of the 10year moving higher right now overwhelms the potential negative effect of the valuation compression as rates rise. Jonathan m we have been talking about this rate rotation for years. People are going to go out of bonds into equities. It is pretty high right now. Bond returns, we are only three weeks into the year but they are not very good. Maybe you start to see as rates move higher and and returned to start to deepen in the bond market, people moving equities and supporting the equity market. David at some point, when the bond yields get up to 2. 85 , perhaps it will get to 3 in the 10year, i dont think so but perhaps, the equity market is going to pick up and take notice. I think it will be to the benefit of the bond market. Mark with these higher rates, we think the economy wil
Brian noah feldman, what are the three lives of James Madison that you wrote about . Noah the first life is the one that is most famous. That is where he created the constitution. Not only in our country but also the greatest constitutional genius and the world. In his second life he discovered the constitution was not perfect. He thought he had thought against political parties, he actually founded the Republican Party to fight the Federalist Party and Alexander Hamilton. He became a partisan very much against his own wishes. In his third life he got to be secretary of state for eight years and president for eight more created he got to take on all of the decisions when you are running the show, and faithfully taking us into the first war. Very much against the principles of his lifetime. Which was against the Standing Army and the navy. Brian talk about him as a person, size and health problems, and all that. Noah he was very different than the other founders. He was very much in his
Announcer this week on q a, author and Harvard Law School professor noah feldman. Professor feldman discusses his book the three lives of james and madison genius, partisan, president. Brian noah feldman, what are a the three lives of James Madison that you wrote about . Noah the first life is the one that is most famous. In an minute is where he invented the constitution. Not only in our country but also the greatest constitutional genius in the world. In his second life, he discovered the constitution was not perfect. He thought he had fought against political parties, he actually founded the Republican Party to fight the Federalist Party and Alexander Hamilton. He became a partisan very much against his own wishes. In his third life, he got to be secretary of state for eight years and president for eight more. He got to take on all of the decisions when you are running the show, and faithfully taking us into the first war. Very much against the principles of his lifetime. Which was
American jobs. Kathleen breaking news on south koreas labor market, we have the Unemployment Rate now at 3. 6 over last year, it was bute point six in december, that is what we are getting so far on this number. Number on thetant context of the korean economy, it is an area where that has been strength, and exports very strong. This closelytching to see how this affects the bank of korea in the next meeting. Holdingemployment rate steady at 3. 6 . And life pictures, lets take a listen. It is great to be here, it was eight years ago i just turned 80. I never really talked to any graduation groups or anything of the sort it was not on bucket list particularly. And then i got invited to go to and i met a truly , whether it was male, female, hispanic, africanamerican, whether it might be, these people have one thing in common. They knew they had it within themselves, they knew they could be something beyond they were. They were willing to put their time and energies to better when i saw at