A i have no idea why he did that in a british accent it was in fact a french guy pinto who receive that money are are no that was kind of the peak of that era so here we have this Great Depression looking numbers and the unemployment numbers and bank of america sees 15. 6 percent unemployment so that that system is looking degraded and sick and in fact sick isnt the 1st words here of this tweet does this chart make anyone else sick fed Balance Sheet rockets up corporate earnings going straight down further evidence we dont live in a Capitalistic Society at last for decades of extreme leverage to conceal declining productivity to enrich a small elite on full display so as weve been covering here on the ties reports earnings have been declining for years now but to spend made up for by on the one hand stock buybacks where the shareholders are losing basically in the. Company is losing because its losing its cast its axis of cash its taking its cast off its Balance Sheet and turning it in
System leaving and this is the the hardening system the hard money system entering and to join us through this time we have gear mo who we met in mexico city said am ex say he was so wise and he told us about hard money so hes actually pretty hard if you pick him up its really hard unlike plucky who eat took with us through the central bank and feel your scorn painting hes quarantining but hes really floppy you know he can barely hold the worlds most famous central banker hes the most famous central banker but this is hard money era so we have a stone cold headed just like your jacket weve been signaling this so we have to join us to talk about briefs for the deepest recession on record says bank of america analysts as jobless claims surge to 6600000. 00 they believe that Unemployment Rate is going to go to 15. 6 percent up from 3. 5 percent in february so thats a huge rise in Unemployment Rate we havent seen this and our lifetimes this sort of surge this rapidly well even the 3. 5 per
The past 6 months since the fed started inter intervening in the repo market and then we got hit by a pandemic and now we have mass unemployment and things like that thats the fear system leaving and this is the the hardening system the hard money system and touring and to join us through this time we have gear mo who we met in mexico city said am ex say he was so wise and he told us about hard money so hes actually pretty hard if you pick him up its really hard unlike plucky who eat took with us through the central banking field ideas quarantining hes quarantining but hes really floppy you know he can barely hold the worlds most famous central banker hes the most famous central banker but this is hard money era so we have a stone cold headed just like your jacket weve been signaling this so we have to join us to talk about braced for the deepest recession on record says bank of america analysts as jobless claims surge to 6600000. 00 they believe that Unemployment Rate is going to go t
Greetings and. You know you live long enough talk watchers and youll realize that the age old adage the more things change the more things stay the same couldnt be more true especially when it comes to u. S. Foreign policy you see while the faces and names of u. S. President s may change the fact list excuses for our military adventurism drone assassinations and regime change wars do not recently weve seen u. S. President donald trump and his pack of political sycophants and Administration Officials scrambling over their words in an effort to convince us just how justified the president was in the assassination of the Iranian Military leader qassam solomonic words like imminent threat exquisite exquisite intelligence were thrown around all the political talk shows in fact President Trump himself took to fox news on the ingraham angle. And brazenly declared that solo money was targeting our embassies saying quote we will tell you that probably it was going to be the embassy in baghdad i
Expected to be signed tomorrow headlines injecting uncertainty on existing tariffs and after hittinga new alltime high, apple is now the biggest drag on the dow. Well have much more on why later in the show. We are up 50 points on the dow steve grasso with us for the full hour. Steve, todays session yo yoing. The bottom line though is the deal should be signed tomorrow and the rest of it we kind of knew. It seems like the market is looking for a reason to sell off. You have bulls that want a better entry point, bears that want to push it down and any headline that allows them to do that, theyre going to roll with its about china today i think its going to be about earnings coming up if you really look at where we are in the s p, the 3300 level is pivotal and if you look at earnings, if we fall short, the market will tank and thats a big word tank is a big word. Its a big worry when you say wheres the market going or where do i think its going, i think it will be legitimate to say a 7 t