What you make a distinction in the book but tween the high profile rap artists that we know to bach and you know it who are pretty much left alone not completely right but but the the judicial system has really gone after amateur or local explained whats happened well thats right i mean there are some isolated digs examples of more high profile well known artists who have been caught in the crosshairs of this as well but as a general rule this is something that amateur rappers are facing and there are a number of reasons for that but one of them is i mean above and beyond the fact that they lack the name recognition that well known artists like to pocker have its that theyll select the resources to mount anything like a vigorous defense and so they become more vulnerable its easy for prosecutors to use rap lyrics against these young amateurs either to get convictions or more often to scare them into taking a plea bargain when we dont have the help in the both of you say we dont really
Sheet of toilet paper will cost more than 1. 00 and that point is rapidly approaching they can air drop all the money they want and all theyre going to do is cause more dislocation especially with the cantillon effect so youll have toilet paper barons like Warren Buffett will be sitting on a warehouse with 50000. 00 rolls of toilet paper and hell be out there laughing like i tried a wife now america and america be like hes a genius for hoarding all the toilet paper he took billionaire toilet paper and then the big billionaire is going to be like were not going to lend you money to bail out your banks member i predicted this a few years ago when they ultimately need the bailout money theyre going to come to the bitcoin billionaires and the big point billionaire just say no as libertarians quote unquote we believe you need to learn how to manage yourself better so were not going to bail out j. P. Morgan or wells fargo or h. S. B. C. Or barclays youre going. I have to learn how to be adul
I am Francine Lacqua in london. These are your markets, doing a little bit great after the week we had last week. The ftse gaining some 2. 2 . A risk on bit more of move. I would caution everyone that these are on thoughts that the central bank would step in, and it is not because of threats that the coronavirus is getting any better. Lets get to the bloomberg first word news in new york city. Number of deaths of coronavirus around the world is over 3000. New york city has reported its quarantined to her manhattan apartment after contracting the virus and iran. Whennor cuomo says it was not if the virus made its way to new york. Aking a hit in february after spread of the coronavirus. Pmi plunged to a record low of 40. 3. The official reading also reached a record low of 35. 7. Chinas economy is gradually returning to work. 70 of at 60 to capacity last week up from about 50 two weeks ago. In the u. S. , former Vice President joe biden has won the South Carolina primary. It puts him clo
Wells fargo on fire of course that means were going to be speaking in the 2nd half to Alex Schaefer of burning bank fame so thats one of his works that hes working on right now but in terms of this pandemic and the day globalization that we see about it of course this is something that report has been warning essential a about this crisis for the past 10 years weve said all of this just in time globalization would basically cause us to be very fragile when one thing goes wrong it all falls apart and weve seen that weve seen that with now the medical supplies all those masks are made in china antibiotics are made in china vitamin c. Is made in china all sorts of pharmaceuticals are made in china and they have the monopoly on it so fears of a supply shock are rattling stocks and Global Markets as well outbreak continues investors are more used to dealing with the occasional threat of negative demand shocks an unexpected hit to demand for goods and services but the potential for a negativ
Morgan and jamie diamond thats no good prices they wont be able to make money and theyre the ones behind the electronic food stamps right those are all jamie diamond so now thats going to go wide jamie diamond food rationing coupons of course the supply shock is being met with a supply of more cash everywhere you look hong kong was giving citizens or residents 10000. 00 hong kong dollars i know in china they were giving the equivalent of 1500. 00 as well to any citizen or resident of han who self reported coronavirus and in fact did have it so they were encouraging people to come forward and not hide amongst the population and in order to get them to stop so they were there was air drops there and in terms of the u. S. Of course were already seeing that as guaranteed almost that theres going to be a rate cut in march and theres going to be you know this month and then theres going to be a rate cut to. By the end of the year so were going to going to 0 the treasury yields are obviously