Extraordinary hour of top business and economic leaders in our third countdown president ial debate economic undercard. Our superstar lineup has all the angles covered. Tyler goodspeed, council of economic advisers acting chairman. He gives us the President Trump perspective. Vice President Biden supporter and media legend leo hindery. Robert kiyosaki and Real Estate Investor jeff greene go headtohead in our economic faceoff. And the godfather of Venture Capitalism, Alan Patricof on how he sees business faring under the 2020 victor. Stimulus negotiations continue in the nations capitol. Take a look. We have the dow jones industrials, mark it here, up 156 points. S p up 16. The nasdaq better by 19. Apparently quite a few of you as we are talking right now are looking for a stock alert and you didnt like your smile in the zoom video reflection. That was great news for align technology. Take a look at shares of the maker ofinvisalign. They are sparkling atop the s p 500 after posting Thir
Im max kaiser this is the kind of the report match skies are named by the magazine. The spectator magazine in the United Kingdom one of the most annoying things of 2019 thats right im on the same list as great a thorn bork and a lot of other stuff wow thats awesome take that joe rogan. Yes youre one of the 41 most annoying things about 21000 according to spectator magazine they call you an ex excitable duck sounding economist and con excitable dux voiced economist yes lets quacked on with these have of course the markets ended 21000 with partying like its 1999 you know in 1999 if you recall because you were part of that dot com thing well the nasdaq ended up 85 percent in 1909 it ended up almost 40 percent and 21000. 00 so its boom times again and were going to look at some tweets here about the whole 2019 assessment 21000. 00 just keeps Getting Better and better the nasdaq closed above 9000. 00 for the 1st time ever and is up almost 38 percent for the year that was earlier in december
Percent for the year that was earlier in december before the end of the year so were still looking back at that time going to comparison some 899. 00 youre. Indicating or inferring bubble like qualities i would imagine and it does look bubblicious you know but these are the rest of the world is a dire straits other you know also think about it the venezuelan stock market was up spectacularly recently since you said that im going to jump ahead to some a few another tweet tweet here to indicate what might be happening the rest of the world might be in distress but the fact is the u. S. Federal reserve bank has been printing enormous amounts of money and its going in lockstep with the increase in the nasdaq in the stock market because remember from mid september when the repo market turmoil erupted the fed started printing money and in the last 2. 00 weeks the 2019 here were in 20202020 but theyre still printing the last 2 weeks of 21000. 00 a printed 450000000000. 00 their assets at thei
A right so this is the same thing nasdaq is just a proxy for monopoly and the players that are winning this are both the bank and park avenue and park place the 2 most valuable spots on the board game of monopoly so. Thats this is exactly what ive been saying for a few years now if you keep printing trillions and trillions of dollars and you dont allow it to go into wages you cut them off you you you you you vilify the working person and you just give it to private equity speculators youre going to end up with this enormous bifurcation in the economy of extraordinarily wealthy plutocrats and kleptocrats and surf the surf class the losers the deplorable i might add that is also a hedge funds hedge funds play a big part in the repo market thats where they go for funding and then 10 x. Leverage up into the markets so thats important because of course as i mentioned heres the feds Balance Sheet it had been declining it was down 8 percent on. Year at one point for the 1st 3 quarters of 2019
World might be in distress but the fact is the Us Federal Reserve bank has been printing enormous amounts of money and its going in lockstep with the increase in the nasdaq in the stock market because remember from mid september when the repo market turmoil erupted the fed started printing money and in the last 2. 00 weeks the 2019 here were in 20202020 but theyre still printing the last 2 weeks of 21000. 00 a printed 450000000000. 00 their asset their Balance Sheet expanded by that so lets look at that fed Balance Sheet move up to 4. 166 trillion highest level in 14 months over for him to the 6000000000 over the last 4 months quote in no says is this q. E. This is nothing like it drone powell had said october 8th 2019 you can see that its a v. Shaped recovery in the feds Balance Sheet since. You know the nasdaq as i said was up 40 percent nearly 40 percent so 60 percent of the gain and the nasdaq happens from that point lets revisit my ongoing theory which is that youve got really low