Make their statement before trump gets under way there. Absolutely, bill, heres what happened. They started to gather north of the Silicon Valley region. For those of you unfamiliar with that part of california. The police were put on high alert earlier this morning. Specifically because of what happened in southern california. Costa mesa last night. There was a trump rally, it turned violent. A number of cars that were damaged. Riot police were brought in. Given the fact that mr. Trump is scheduled to speak shortly at that location in burlingame, specifically the Hyatt Regency, the police were put out early at that particular location. They have barricades up. You can see them just past those people we saw walking. A large contingent there are hundreds and hundreds of people at that particular hotel. They pushed against the barricades and then they tore them down and rushed the hotel. At that point, the riot police which were standing to the side moved in and pushed the protesters bac
Government institutions but is connected and responsive to the every day concerns of our people. Theres no doubt that how a united europe works together can be improved. But look around the world at authoritarian governments and those that are ruled by fear and oppression. And there is no doubt that democracy is the most just and effective form of government ever created. [ applause ] and when i talk about democracy, i dont just mean elections. Because there are a number of countries where people get 70 , 80 of the vote but they control all the media. And the judiciary and Civil Society organizations and you have to be registered and are intimidated. I mean real democracy, the source we see here in europe and in the United States. So we have to be individuvigilae pillars of democracy. Not just elections but the rule of law as fair elections, a free press, vibrant Civil Societies where citizens can work for change. And we should be suspicious of those who claim to have interests of euro
Being against a rate hike and accepting its not inevitability are two very different things. We need to understand the difference. While you may not like it, you need to start accepting it. First, he get that we cant have ultralow rates forever, even if theyre good for the stock market for the duration. Eventually too much money chases too few goods and we get inflation. Inflation is pernicious. There are reasons weve never had ultralow rates forever. It has to do with the inevitable debasement of our money and dramatic decline in our purchasing power. The fed has two mandates, promote an environment for an flourishing economy, and the second to avoid inflation so people cant keep up with the rising price of goods. I certainly am not in favor of turbo charged inflation. However i am concerned that the first mandate might be upended by higher rates. Right now, after that barn burner of an employment number last friday, its difficult to fret over job losses. Ive been worried about the pr
By higher rates. Right now, after that barn burner of anmployment number last friday, its difficult to fret over job losses. Ive been worried about the precariousness of our trading partners like china. But china is back in bull market mode, even if the strength is in consumers and not industrialrelated. The data out of europe is pretty strong, that i follow. We know a lot of the strength comes from weaker euro. Companies that sell in europe rows are taking share from american competitors. Thats decidedly bad. But to worry about china or europe, that seems wrong. Thererwill be negative reverberations in emerging rkets. Thats a given. Theres always people caught up in that old trade. Thats one reason im not crazy about a rate hike. Them every day for weeks on end. Most important, i believe the causing the exports of our dramatically versus overseas competitors. Well have playoffs as manufacturers cant keep up, as we open borders versus every other country. They seem to be offset right n
Turbo charged inflation. However i am concerned that the first mandate might be upended by higher rates. Right now, after that barn burner of an employment number last friday, its difficult to fret over job losses. Ive been worried about the precariousness of our trading partners like china. But china is back in bull market mode, even if the strength is in consumers and not industrialrelated. The data out of europe is pretty strong, that i follow. We know a lot of the strength comes from weaker euro. Companies that sell in europe rows are taking share from american competitors. Thats decidedly bad. But to worry about china or europe, that seems wrong. There will be negative reverberations in emerging markets. Thats a given. Theres always people caught up about a rate hike. But these ramifications are inevitable and youll hear about them every day for weeks on end. Most important, i believe the dollar will soar on a rate hike, causing the exports of our companies to decline dramatically