lying about and that was the the dud rate could have been as high as 10% but the us now say it is down to around 2% but we don t have the facts on that. the reason so many countries are signed up to it is the long term lag effect they have on civilians once conflict ends. children, sometimes a small bump of the yellow tag on them, they see them as something curious and then they go off. a small bomb. the ukrainians have asked for these, they are not signatories. russia has used these cluster munitions already in ukraine. parts of ukraine are very heavily mined already and this of course is a difficult decision as the us said but you have got morally difficult decisions, do you want the offensive of ukraine to grind to a halt? no. do you want ukrainian
but the lag effect, it has taken a lot longer than i thought, it is almost coming to a theater near you. so they re going to go out and champion the bidenomics, they might be doing it at the exact wrong time in the cycle, though. jake, it s obviously for the lead republican donald trump, why are republicans leaning so hard into joe biden s age when pretty much donald trump is within a stones throw of the same age as biden? but i just think that all of the issues that we are so rightly talking about here and concerned with are all gonna be blown away by the cases that are going to come up for donald trump. that is why they are leaning into biden s age. if they were to debate on anything else, the economics, his performance with nato, any of that stuff. i mean what have they got? at this point they are leading away from what is going on with donald trump. let s talk about what trump is doing. he is attacking iowa s governor, he is calling the state of
do you think it is risky, bidenomics, they have branded it, that is where it s going. is it risky? the economy is doing well, it is fragile. it could turn and then could bidenomics end up being a brand that they are tagged with by republicans? not in a good way. it is extraordinarily risky because you talk about the recession that does not come yet, is it an inevitability? we have the federal reserve that has raised interest rates as much of the i have, and will probably raise interest again rates again next week. but the lag effect, it has taken a lot longer than i thought, it is almost coming to a theater near you. so they re going to go out and champion the bidenomics, they might be doing it at the exact wrong time in the cycle, though. jake, it s obviously for the lead republican is, donald trump, why are republicans leaning so hard into joe biden s age when pretty much donald trump is within a stones throw of the same age as biden? but i just think that all of the issues
charles. hinting it s a possibility. they have been what they call data dependent so as news comes out, they make adjustments, i will say over the last going back to last friday. you had three key members of the federal reserve suggest last friday last friday austan goolsbee talked about golden path. fed members as well new york fed president also sounding optimistic. the economy is long, we know as that happens that inflation will start to pull back on its own and there is this lag effect. imagine the proverbial snowball that becomes a bolder. all the hikes they did almost a year and a half period it gets bigger and bigger and bigger and rolling down hill faster and faster. they have got to be very careful that maybe they have done enough
where do you see us going from here and you mentioned the fed, dave. are you worried that jay powell will go too far? that happens to be a major concern of mine. mine too, charles. you and i have shared this same concern the last six months. if you look at where the jobs were at, education is, government and healthcare, are you in what world does an interest rate of .8 or quarter point change that hiring rate? what we need to look at are the sectors that are sensitive to interest rates. those sectors did not have very many jobs. so i am praying that the fed sits on their hands, steps playing the economy like it s a video game and lets things settle down. right now i m not saying the economy is fantastic. but it ain t broken when you have inflation coming down to 4% and gdp growth about 2%. let s not break it, charles. i m concerned that will happen. who know what s the lag effect