Capitalism work for all. Across talking capitalism im joined by my guest Geoffrey Tucker in new york he is editorial director for the American Institute for Economic Research in los angeles we have piii and he is an independent economic and geo political analyst former commodities trader and Strategic Planning advisor and in indianapolis we Cross Alexandra hudson she is an independent scholar writer consultant and speaker or across type rules in effect that means you can jump in anytime you want and i always appreciate its go to pi 1st because i one of my rules on this program we always go to the person that got up early is that you got up really early for those programs and im very much appreciated by you know theres a lot of talk about how capitalism is. Performing and for home and we look at the generation x. We look at the middle millennial as we see the attraction of socialism in the polls so my question is very broad and its a very deep question at the same time as it is capitali
The generation x. We look at the middle millennial as we see the attraction of socialism in the polls so my question is very broad and its a very deep question at the same time as it is capitalism working if it is for whom go ahead. Its a great question. Kind of response question is whether capitalism who is capitalism i mean its 201920 years ago we had the strongest economy known to man with you know Everything Technology and the promises of the internet and efficiency the lowest real rate of unemployment back then versus real unemployment right now being a multiple of what the government states that it is so why was capitalism working so splendidly back then versus the over indebted over leveraged version of it right now it really begs the question over if its classical kind of adam smith and david ricardo. Joseph schumpeter capitalism as taught in college and grad school or if its more of an i and randy and survival of the fittest at any and all costs by any means necessary vulture
Here its a similar story in the u. S. , our high after going to the past 10 00, but within the s p, you still have the down names doing the best. Is the second best, it remains to be seen if there is any sort of substantial rally or just a rally within a bear market. You can see that reflected in other asset classes, 25 billion worth of supply coming online in just about two hours. Of the threeyear, it is doing continues to roll over today after yesterday. At the bestlding on performing within the s p as well. We will see as we head into the next few hours if we are able to hold on. Guy absolutely. The correlation between what were seeing around the market performance, people are certainly nervous about that relationship. U. K. , Boris Johnsons government is facing a serious challenge at the worst possible time in the virus outbreak. The Prime Minister hospitalized and the foreign minister under pressure to Solta Medical equipment shortages which are making headlines on a daily basis.
Footing. If we do get some kind of opecplus deal, that will provide some support in the markets. Guy we are seeing equity markets bid, and it is stuff the market has really fallen out of love with that is catching the biggest bid. The travel and leisure sector, airlines, some of the catering companies, the hotel groups really bid today. Bid, up by 1 . We are anticipating any second now the start of a Video Conference call between eurozone finance ministers. We will get the results of that maybe a little later on. We continue to watch what is happening over at st. Thomas hospital, where the Prime Minister of the United Kingdom is in intensive care. Withrms of what happening yields, going a little higher today. Trading at 37 basis points on the u. K. 10 year. Alix we will say higher maybe in quotes. For more on the impact of the virus, we are joined by kemal shree kumar by cobol shree kumar by hobo three rikumar. S are we seeing some sustained buying ability . Are greatse questions. I th
News from around the world what here international. Hello and welcome to cross talk were all things are considered im Peter Lavelle the Economic System known as competent as in has generated more wealth than any other system in history in many ways it is defined maternity itself hundreds of millions have been lifted out of poverty however competent lism has also witnessed growing income inequality the appeal of socialism currently on the rise. Crosstalk. In capitalism im joined by my guest Geoffrey Tucker in new york he is editorial director for the American Institute for Economic Research in los angeles we have piii and he is an independent economic and geo political analyst former commodities trader and Strategic Planning advisor and in indianapolis we Cross Alexandra hudson she is an independent scholar writer consultant and speaker right across cycles in effect that means you can jump in anytime you want and i always appreciate it lets go to pi 1st because i one of my rules on this