Youve got really low Interest Rates now for 10 years near 0 or in some cases negative and there are a few private equity folks that are taking all the stock off the board you know in remember a monopoly. The winner has all the real estate and everyone else becomes 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 serve to sort of class the. The losers the poor bulls i might add that is also a hedge funds hedge funds play a big part
Youve got really low Interest Rates now for 10 years near 0 or in some cases negative and there are a few private equity folks that are taking all the stock off the board you know in remember a monopoly. The winner has all the real estate and everyone else becomes 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. Surf the surf class the losers the poor bulls i might add that is also a hedge funds hedge funds play a big part in the rep
Rogers weve had 29yearolds making 1 million a year, expecting to make 2 million the year after that. Diana ferry but if youve got plastic money, theres Nothing Holding you back. History will prove the bakkers were honest people. Reporter Insider Trading could become wall streets watergate. Pauley what do we call greed the day before an indictment . Im afraid recently, weve called it success. Robinson the u. S. Economy, which used to be the envy of the world, is in the most serious trouble since the Great Depression. Inflation is rising while our standard of living is declining. Thomas there was tremendous inflation and not much growth. The country was not in a Great Depression in 1980, but the United States was in the dumps. Dobyns on wall street, it was cold, gray, wet, and miserable. There was no comfort to be found outside. And for investors, there was not much inside, either. The tickers carried almost nothing but bad news. Mclean wed come off a terrible decade for investing. Peopl
Yesterday, but again we were talking about Massive Gains not just through the month of july but year to date as well well continue to keep an eye on this if youre watching treasury yields, this is where you would anticipate seeing moves if there were a downgrade if people were afraid of rushing into this. But it turns out u. S. Treasuries are still a safe haven and why the yields are still a bit lower. The 2year note trading at 4. 86 . Of course, all that related to what were seeing. Talk about the downgrade because it is our top story. Theyre citing what theyre calling an erosion of governance Emily Wilkins joining us now good morning to you. Good morning, andrew. Yes, shocking news yesterday at least for some of those in the Biden Administration seeing that downgrade in the u. S. Credit ratings from a aaa to a aplus this is only the second time the u. S. Credit rating has been downgraded like this treasury secretary janet yellen is quickly depending the Biden Administration she says
what do we wall greed the day before an indictment? i m afraid recently we ve called it success. the u.s. economy, which used to be the envy of the world, is in the most serious trouble since the great depression. inflation is rising, while the standard of living is declining. there was tremendous inflation, and not much growth. the country was not in a great depression in 1980, but the united states was in the dumps. on wall street, it was cold, gray, wet, and miserable. there was no comfort to be found outside. and for investors, there was not much inside either. the tickers carried almost nothing but bad news. we d come off a terrible decade for investing. people were skeptical of the stock market. it was a very sleepy wall street back then. most economists expect a serious recession, with at least 2 million more americans losing their jobs. i regret to say that we re in the worst economic mess since the great depression. literally from the