Will come tonight. Every week w. A global trade emergency and the biggest crisis in the history of the World Trade Organization. Arbitration system collapses in. Pressure goes out its top court also coming up the swine flu epidemic is hitting consumers in china prices for pork have doubled pushing overall inflation to the highest level in years and this years Nobel Prize Winner is now have their medals to take you inside the factory where theyre for. Kris kobach into the program as if global trade wasnt under enough pressure its now losing its ultimate empire the World Trade Organization will no longer be able to deliver a final trade dispute rulings starting on wednesday the bodys chief says this after Member States failed to on block a dispute over the way that cases have been handled successive u. S. Administrations have blocked the appointment of new judges to the w t os now effectively crippled apple of course critics fear world trade is now facing the law of the jungle the World
Been Holding Interest rates at abnormally low rates right this is nuts it only encourages it increases this behavior absolutely this is kind of what drove everybody to borrow more because debt is cheap why not take on more debt and thats actual thats must been happening corporates have now been issuing junk bonds at record levels record levels and they are deeply Indebted Companies that d are actually using debt to pay off equities so theyre kind of just like borrowing money just to prop of your own share values and thats been working because youve seen the Massive Equity rise and as you pointed out well all time highs right now we only have like 15 seconds when i ask you about this real quick Federal Reserve just injected another 104 1000000000. 00 into markets overnight again on thursday and ran over night into friday the Federal Reserve is just a huge part of this right continuing to dump cheap money at lowest Interest Rates and its not good for the economy unless were not only that
Private debt its even more concerning even though Government Debt thats the most attention private nonfinancial day in the u. S. Is at 27 trillion versus public debt is at 19 trillion and the reason why private debt is so much more dangerous is because its more problematic is because public debt has more impact on the economic and the economic landscape shirt right now if you look at the past the roaring twentys the japanese boom of the eightys and most recently the u. S. In the early 2000 what did all 3 of those have in common its a huge levels of private debt low relatively low public debt but huge huge unsustainable levels of private debt that kind of just funded the incredible binge and rise you know theres also been a study in the not just of this borrowing taking place right because its really borrowing money that doesnt exist but as part of the Central Banks have been Holding Interest rates at abnormally low rates right this is nuts it only encourages it increases this behavior
Been Holding Interest rates at abnormally low rates right this is nuts it only encourages it increases this behavior absolutely this is kind of what drove everybody to borrow more because debt is cheap why not take on more debt and thats actually thats whats been happening corporates have now been issuing junk bonds at record levels record levels and they are deeply Indebted Companies that d are actually using debt to pay off equities so theyre kind of just like borrowing money just to prop of your own share values and thats been working because youve seen the Massive Equity rise and as you pointed out well all time highs right now we only have like 15 seconds when i ask you about this real quick Federal Reserve just injected another 104000000000 dollars into markets overnight again on thursday and ran over night into friday the Federal Reserve is just a huge part of this right continuing to dump cheap money at lowest Interest Rates and its not good for the economy unless were not only
Money just to prop of your own share values and thats been working because youve seen the Massive Equity rise and as you pointed out well all time highs right now we only have like 15 seconds when i ask you about this real quick Federal Reserve just injected another 104000000000 dollars into markets overnight again on thursday and ran over night into friday the Federal Reserve is just a huge part of this right continuing to dump cheap money at lowest Interest Rates and its not good for the economy unless were not only that but they also include 28. 42 day term loan repos into this agenda and thats the new news for right now so theyve tried to inject money into the system consistently that has not solve the problem so now theyre extending the term and trying to increase more liquidity and right now the most worrisome part of all is that theyve made this the new normal so whats going to happen when they take their hand out of the Banking System right now they cant i think we all know eur