[laughter] david one of the most powerful women in the Business World is ruth perez. She started as an investment banker at Morgan Stanley, rose to be the cfo, and was recruited away to be the cfo of google and now alphabet. She has a norms influence and has done a great job in making certain their Balance Sheet works well and they really are more better organized. Ive no doubt she is going to be a power to alphabet, unless the next president says, i would like her to be secretary of treasury. She will be a terrific candidate for that position. During this time google has done quite well in alphabet has done well. Your stock is up 20 and i should say, from the time you became cfo, the stock is up over 200 in market cap over 200 . Done quite well under your leadership. Im curious, are more people looking at doing searches during this time than ever before or are people not spending as much time searching . Ruth people are spending a lot of time searching. We have trillions of searches e
Is international. Hi there im max kaiser this is the kaiser report you know the stock market as a subset of the economy has undergone a transformation and become the plaything for speculators fueled by incredibly egregious money printing by a rogue central bank and this is causing all manner of dislocations mal investment in societal changes for more lets turn to Stacy Herbert hey well you know what something that you predicted would happen is happening and its coming true billionaires lining up to take their companies private so what will robin her dish trade when everything has been l b. Right so as weve been saying on the show for a number of years all this money printing in the strategy of Companies Taking themselves private or buying back their own shares with the 0 percent Interest Rate would end up with a economy and a stock market that doesnt exist anymore because its all been taken private remember during the 1980 s. Michael milken introduced the revelation in the revolution i
Deadlocked on stimulus we know the economy needs more stimulus, certainly pockets of it do. Does the stock market, though . What is if it doesnt happen im not sure if the stock market is pricing it in, happening right now. I mean, theres no scoreboard that i can tell you definitively its being priced in, but i dont think its in there. So if you do get something, i think it will be good for sentiment and it will probably lead to new highs, but if you dont, independent nm not sure as wbig of a disappointment as i would have thought six months ago. A lot of works continues to work, ive been talking about the housing stocks all year. Lows in particular in that index, low looks prime for a mega breakout, about to take out previous resistance, put that one on your radar. And then theres leadership from energy today, which is kind of weird. We were looking at some of these names and exxon could double from where its trading right now and still be negative on the year thats how beaten up this
A number of years all this money printing in the strategy of Companies Taking themselves private or buying back their own shares with the 0 percent Interest Rate would end up with a economy and a stock market that doesnt exist anymore because its all been taken private remember during the 1980 s. Michael milken introduced the revelation in the revolution in leveraged buyouts the l. B. O. They borrowed money they acquired companies they sold off assets they kept a difference and they made many many billionaires the 1st huge wave of billionaires in America Thanks to Jackson Burnham mike milken in the leveraged buyout down 2020 weve got the end game every Single Company is a private equity firm Berkshire Hathaways a private equity firm all hedge funds are private equity firms all private equity firms or private equity firms are all borrowing money and 0 percent Interest Rate theyre all taking all the pieces off the board every house and house sell the monopoly board called americas being
People the plight of babies dont feed the people you dont have to make sure. You get to choose. What you are to international bringing your live news update from our studio here in moscow welcome to the program. First the world seeing a resurgence of covert 19 with countries registering a record spike in infections its forcing governments to bring back restrictions triggering outrage among the population in particular protest against social inequality as its been reported that the pandemic is heading poor and other vulnerable groups hardest our europe correspondent charlatan ski has a story. Coverage 19 pandemic has highlighted many problems from inadequate medical resources to a lack of trust in governments around the world but perhaps the starkest issue that its exposed is how different it is to experience a pandemic if you are poor compared to those with money. Thank you thank you thank you thank you you. People in parts of madrid face new restrictions on movement there has been an