Thats obviously a recipe for disaster in any long term Property Investor and i say sam zell would tell you this is this is a disaster and of course we have some headlines regarding this is sort of this is the classic mistake of Property Developers and now theyve turned it into a huge market like that we work to open ear companies go we theyve signed the billions and billions of long term leases and the idea is to fill it up with short term tenants and the economy is going under and the company is probably going to go bankrupt and that theyre the biggest leaser in major cities all over the world and it was totally predictable there the number one tenant in london denver new york and i think it was los angeles as major cities around the world they are the number one there if they go under theres going to be huge dislocation and in fact were going to get to that headline from the fed president of boston he talks about that but. Heres a 1st tweet if you wake up on a caster mattress hail a
A half years after we said this and this is how to buy has failed to make homes more affordable ok lets talk about this for a moment so the government injects a bunch of free money into the Housing Market and prices go up and as a result people find they are less affordable so the government puts in more free money to help people buy these on a form which as the effect of moving the price of the homes up again. So its not that people can afford houses thats not the problem the problem is that the central bank the bank of england and the banks in the u. K. Keep injecting lots of. Bailouts for Home Builders and the banks that support the mortgages and the homebuilders thats causing the prices to go up thats now it also has a corollary effect and that would be a moral hazard because people who buy into these homes and they keep the price keeps going higher because the bank printing money they then use it as an automatic teller machine and they dont work anymore and we know weve lived in l
Thats not the problem the problem is that the central bank the bank of england and the banks in the u. K. Keep injecting lots of bailouts for homebuilders and the banks that support the mortgages and the homebuilders thats causing the prices to go up thats now it also has a corollary effect and that would be a moral hazard because people who buy into these homes and they keep the price keeps going higher because the bank printing money they then use it as an automatic teller machine and they dont work anymore and we know weve lived in london for many years and there are many many people that live in london who dont actually have a job right they just wait for the government to keep boosting home prices and then they take it out of the equity extraction as cash this is incredibly detrimental to the fabric and the character of the nation because theyre not working. And this is what led to bricks in my view well thats my view as well that a cause breaks it across trumpet cause all of the
Beyond the. British. Cleared of receiving millions in funding from overseas including from russia. There was. A man she had accused of sexual harassment. But. This is the kaiser report its like yoga for your mind stacy. Thats right indeed you know what weve been covering for the last 10 years basically the response to the Global Financial crisis which was caused by of course a global crime wave from the bankers and what we did is weve lowered rates weve printed money printed money printed money printed money were printing money is going on the fed is going to be printing. Tens of billions every day for the net up and talk to protest so theyve announced that. The other sort of thing that they did is they intervened in the Property Market in order to prop it up through all sorts of schemes under obama. The likes of say blackstone a massive private equity firm was allowed to take over much of the Property Market here in the United States also in germany and ireland in the United Kingdom i
Joining the conversation Fox Business Network dagen mcdowell, daily caller editorinchief chris bedford, former republican candidate steve forbes, great to see you this morning. A lot to talk about, also on deck this morning former Senior Adviser for president george w. Bush, Fox News Contributor karl rove to preview democratic debate tonight. Also Peter Navarro is here this morning to talk u. S. China trade when we do have big news this morning on that and North Carolina attorney general josh to talk about perdue farm opioid settlement, big show coming up. Ii want to kick it off with u. S. China trade olive branch, if you will, President Trump delaying a 5 tariff increase on chinese goods, delay that by 2 weeks, the president tweeted this, at the request of the vice premier of china lou he, celebrating seventh anniversary on october 1st, weve agreed as gesture of good will to remove increased tariffs, 25 to 30 , prooctober 1st to october 15th, the president also spoke about china at th