Us president ial hopeful joe biden coal country. And. Around the clock across the world this is our team from the team and myself you know neal hello and welcome to the program. The European Parliaments adopted a resolution calling for more sanctions to be slapped on russia in response to the alleged poisoning attempt made. Figurehead only russias Foreign Ministrys responded by saying many politicians in the bloc are all too happy to judgement before any due process has been conducted. The nature of the latest statements coming out of brussels makes us think that our western partners are not interested in stablish and the truth will help that common sense will prevail on the you in the end and our partners will dish the practice of arbitrary treating blame and well make conclusions based on real and confirmed facts you inform it. Well artys peter all of our house more in the days vote in the European Parliament and the ramifications of it 532 m. E ps voting in favor of this resolution
For common ground. Max kaiser this is the kaiser report yeah everybodys gaslighting everybody corporations are gaslighting here Central Banks are gaslighting you fear understand what gaslighting is you know that its not pleasant its rude its downright rude. Yeah you know how everybody gets triggered at the slightest slight at the slightest bad word on twitter people get triggered and you must be platform to kick it out of your job like this this notion of hiding bad things like the the Business Cycle goes up and then it goes down we dont like down anymore so weve tried to banish it and make it disappear the same thing with much of our all the chemicals and efficiency you know all the corn we produce based on efficiency and by removing all the protein from it theres all these costs that add up in the end but we just pretend not to look at it we just look at the Positive Side right dont be such a negative downer look at all the corn we have because of our efficiency gains were so efficie
Every Small Business is going to be out of business i had time to selling is over not just wipe out an entire class of people because you allowed the wealthy to go out and thrive through these tough times getting access that they had all doing all the things that normal people dont get to do so the class divide will continue and its mostly because we dont really allow the true free markets work anymore we allow the the Upper Echelon they have a better chance and better access Going Forward and i think thats one of the big problems that i see here well so many go to richard so many of the wealthy you know look at socialism as something of a point but i mean this is exactly what they how they have to have socialism for the very very rich Concierge Service and you know the states not supposed to keep winners because thats against the markets but thats exactly what theyre doing theyre picking winners all of the time richard. Yeah i think i agree that we are in a sea instead. Of capitalisms
And all the International Stage should now for cross full coming up next kevin ill be here with you in the studio next hour to give you the latest news updates from around the world will see about that. Alone we welcome to cross talk were all things are considered im Peter Lavelle as the culture war d rages on and they did the billionaire class is only getting well you know their well iraq percent 184 1000000000. 00 since the start of the pandemic splash how will this back shape the coming recovery and is a permanent underclass the new normal. To discuss this and more im joined by my guest Richard Wolffe in new york hes a Professor Emeritus of economics at the university of massachusetts amherst as well as an author of the recent books understanding socialism and understanding marxism and in chicago or which he is a chief marketing strategist bubba trading all right gentleman stop rules in effect that means you can jump in time you want and i was appreciate todd let me go to you as you
Away from new highs. Joe, i begin with you. The question is how are we going to get to those new highs . Value is outperforming today is this the start of the longawaited rotation . Well, your initiating a great conversation, scott, because as you have identified the s p 500 is basically sitting less than 1 above its all time high whats critical, though, in getting there if you are not going to have a significant outperformance from what has worked, which is clearly hyper growth, is youre going to have to have the participation from the value names. Lets put in context where value really is. Scott, the russell 2,000 is still sitting 9 below its all time high it achieved in august of 2018. When im thinking about value i also have to think about value and get contribution from small cap value, not just Large Cap Value because there has been such a differentiation in the Small Cap Index this year. Small cap growth is up 22 year to date. Small cap value is down 12 . So, yes, i believe it h