And a lot of those stocks on fire. For some folks, that is all you need to move this market. Caroline it really does blow your mind. Taylor i will leave you here with three comments, not to cut you off, caroline. Jeffrey gold main and end cam partners are three analysts raising their prices on amazon. Almost a 2 trillion company can rise more than 5 on the day. Jeffreys, 3800 price target from goldman. Looking at 3350. Talking about the structural shift underway from these companies that are not just benefiting from a work from home environment, that is a permanent change that they see not going away. Caroline i take you or three, i raise you three. Im looking at morgan stanley, rbc, and socgen worrying about the complacency in the market. Looking toward the election we have in the u. S. , the risks as we get into august, september, and the turn we see in the market. Lets get the take from chief Investment Officer who is still with us. Is there complacency in this market . Brent maybe
Com but right now stay with us for more amazing programming right here on r. T. International. Time max keiser this is the kind of report thats right we ventured global depression style longer recession forget the recession. Or. The pression this will last a few years ago so you know whats going to stay well endings are always always always new beginnings so its an opportunity to come up with new Companies New monetary systems new economic ideas and new populations and ways of interacting with each other so one of the headlines i want to turn to here is from africa and this guy runs a big Clean Company in africa and he says 80 percent of my big question customers do not hold any crypto they buy bitcoin to make payments that is the state of crypto and africa not speculative so obviously theyve jumped ahead from big question as a store of value and theyre using it as a global trade unit of account in particular he pointed out that almost all cars at least where he lives in africa come fr
A global trade unit of account in particular he pointed out that almost all cars at least where he lives in africa come from overseas like japan and theres a huge used car market where they ship the cars used cars from japan to africa and these people are paying for its with bitcoin right you know this is an example of an area of the world that was considered lagging but could leapfrog to the head of the class remember part of the reason china became such a huge economy is that they entered into the Global Economy during the age of mobile phones and there wasnt really you needed to build the infrastructure of the old copper wire base telephony same thing in india in africa because they are already mobile phone. Marianna oriented are dominated now with mobile payments and with bitcoin in Crypto Payments they are in a position to leapfrog the world and become the 1st hyper big quite as ation example and that would be an enormous if they could leave the world yeah of course for domestic p
Or the rest of the world. With Earnings Seasons coming up and a few key Economic Data points later this month, how confident are you in the economic recovery . Great setink we had a of economic figures really since midmay through june when the reopening story was gaining the most momentum. Reports,o great jobs pmi, sales, housing data, all to the upside. Economic price indices we follow are in the u. S. Now at alltime highs. That being said, i think we may have a time of slowing in perhaps in the weeks ahead as Economic Data plays catchup with what we are seeing in the country with a slower reopening broadly. So the job state of this past month captured the time from midmay to midjune. The next jobs report will capture midjune to mid july, when we started seeing thoses likes and those spikes and a pause in the reopening. As you mentioned, we also had earnings starting in earnest next week july 15. From an earnings perspective for two to we are seeing downward for q2, we are seeing a do
International norms and this point might be coming about right now john thanks for your time beach on tell us ole from germanys the left party thank you thank you all right time for another slice of the colors report states here standing by to translate the business and markets lingo and make sense of whats not there to stay close. To what weve got to do is identify the threats that we have its crazy to confront a shouldnt let it be an arms race is on all sides very Dramatic Development only really im going to resist i dont see how that strategy will be successful very critical time time to sit down and talk. Time acts as if this is to cause a report thats right weve entered a global depression still a longer recession forget the recession its the d. Were the pression this will last a few years you know so you know lets get into it stacy well endings are always always always new beginnings so its an opportunity to come up with new Companies New monetary systems new economic ideas and n