Trying to hide the costs of all of what we produce cry all these bad Business Cycles that naturally happen we go down we decline people become inefficient and this creates efficiency and capitalism but we dont want this to happen anymore because we dont want the feds friends to suffer so weve had this situation where the fed keeps on building up its Balance Sheet but also trying to encourage participants in the economy to imbibe and ingest and eat essentially all that bad debt so here is proof of this in terms of the junk bond market what the fed did by basically false advertising what they were doing the fed bought no bond e. T. F. None 0 zilch in august e. T. F. Holdings actually fell pot almost no Corporate Bonds the fed started buying Corporate Bond e. T. F. For the 1st time ever in may and Corporate Bonds for the 1st time ever in june these programs have been ballyhooed with enormous fan fare in the meat. That the fed would look up a special purpose vehicles with 750000000000. 00
So efficient where the best producers the scene with our plastics we produce all these plastics because we have a giant you know oil and gas industry globally and well you know what theyre making a lot of profit from making plastics were going to get to the plastics that but i 1st i want to talk about our Financial System so the fact that we just keep on trying to hide the costs of all of what we produce all these bad Business Cycles that naturally happen we go down we decline people become inefficient and this creates efficiency and capitalism but we dont want this to happen anymore because we dont want the feds friends to suffer so weve had this situation where the fed keeps on building up its Balance Sheet but also trying to encourage participants in the economy to imbibe and ingest and eat essentially all that bad debt so here is proof of this in terms of the junk bond market what the fed. Good bye basically false advertising what they were doing the fed bought no bond e. T. F. Non
Continue to hold up well. Temporary laidoff workers in some ways have been brought back. 6. 6 million jobs. Guy no surprise the bank of canada has left the key rate at 25 basis points. So untilontinue to do capacity is absorbed. There is a huge output gap that exists in United States and globally. That needs to be sorted out before we see any sort of rate rise. Mirror whatting to is happening in the United States on an imminent. Many suspect on unemployment. Many suspect we will see the bank of canada mirroring what we have seen from the fed with a focus on average inflation. Atx we are taking a look elliot management trying to block chevrons takeover of noble energy. You have elliott trying to block the companies. Chevron is trying to buy noble energy. They got shut out of the anadarko deal. Both stocks are holding on with gains in the market. I dont know why they would try to break up the deal. Nevertheless they are trying to break it up. Turning to the vaccine and the race for the c
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
And tech is staging a comeback, or at least it was, after yesterdays big losses well off the highs. Another brutal day of nikola the first sell rating on wall street and colorados governor warning of a potential wave of Coronavirus Infections the governor will join us with the new measures he is taking to try to stop the spread first up, lets focus on the big stories were watching one hour left of trade we have the latest on the stimulus stalemate in washington a half hearted bounce this morning. It seems like the dip buyers they keep drawing new lines in the sand as they back up and this morning the s p 500 futures got down to 3200 almost right to the tick we did bounce off there and then we have the post 2 00 p. M. Eastern time selling again a little Risk Reduction where people are not quite sure if if the footing is there for a strong close this down trend developed here were going back gagain to the june 8th high. Were turning around i point to the late july area. A lot of the leve