Was a complex set of new set of rules to counter with partial lockdowns in the north of england but there is growing public over the governments handling of the christ. Our exclusive with the armenian president will air in full here on our Team International in the coming hours for more details on the interview the conflict and what is happening in your part of the world you can. I am max kaiser this is the kaiser report im here with guillermo who is a bit of one of those for many years since we visited mexico city hello vo nice to see you again carol want to let you know that there is a Telegram Group max and stacy Telegram Group and youre invited to join just go to t a forward slip orange pill and youre in thats all that is by saying that correctly now suzanne youre well as for a task i guess i got it right stacy what are you up to. I have to say when you say that you know the report the Telegram Group we get inundated with people especially from cuba and venezuela lots of audience m
People an Interest Rate to incentivize them to save. And the reason to do that is that if there is a downturn like a covert then theres plenty of state stuff theres plenty of capital in your capital system to smooth it out but if you debase the currency and you Interest Rates are 0 and theres no incentive to say therefore theres no capital then you dont have to apples them anymore you have a tough talker see run by Central Banks and the worse it gets the more they pay themselves and of course low Interest Rates re the crisis worse because low Interest Rates drained the economy by all capital and without it you will at the 1st. Encounter with a pandemic like cove it you all have an existential threat and maybe or maybe not the us survives its up its an open question whether or not the Monetary System survives is what is being called into question and here they are doing the equivalent of oops my bad even though the report has been warning about this for years they could have listened to
Graham boston fed president aircrews a read said years of low Interest Rates that encourage risk taking are making the current economic downturn worse he specifically cited low rates persisting for an extended period even after the economy had made progress in the recovery that can create problems well this is obvious you know as ive been saying you cant have capitalism without capital you cant have capital without giving people an Interest Rate to incentivize them to save. And the reason to do that is that if there is a downturn like a covert then theres plenty of state stuff theres plenty of capital in your capitalist system to smooth it out but if you debase the currency and you Interest Rates are 0 and theres no incentive to say therefore theres no capital then you dont have to apples them anymore you have a club talk or see run by Central Banks and the worse it gets the more they pay themselves and of course lower Interest Rates re the crisis worse because low Interest Rates drain
Tom we see that within our data. Yields lower, curve flattening. But i really note the commodities ace that the commodity space, the linkage to em, the faction yesterday, all of those tied together. One of the great barometers is west texas intermediate, trading , at a 20 price. Francine . Francine i have a similar data check. Taking a tumble after regulators pushed to access payouts. No payouts, no dividends. Stocks falling in europe. Investors are looking at the worsening america coronavirus figures, pretty horrific numbers that we heard from dr. Fauci and President Trump yesterday, and they are trying to assess the impact of the pandemic on corporate profits and dividends. The dollar climate with treasuries. I am looking at a couple of other things. Withe dollar climbing treasuries. I am looking at couple of other things. Economists are becoming less convinced about the potential for a strong snap back and growth. Saudi aramco you were mentioning it the oil supply surging above 12 M
It is still up 1. 9 , but bit by bit we are lower across the globe spirit still positive for most of the groups. We are a racing that massive gain of earlier today. The 10 year down a few basis points. We are awaiting the fed action at 1 30. We will see what happens out of that. The dollar index continues to be strong. The euro is weaker, so his british sterling. We are even seeing massive moves for the yen today. Crude oil is down. 2 . It has a its gain as well. Guy the World Health Organization now saying europe is the epicenter of the coronavirus outbreak. You can feel that a little bit in terms of some of the price action today. The stoxx 600 is positive, it is off its lows. A few moments ago the dax went negative on the day. This is not a convincing rally. It is of course friday. You want to carry positions across the weekend . We are seeing a considerable move when it comes to what happens in the bond market. By 17 year is higher basis points. You are seeing a similar move at the