U. K. s Supreme Court, with 11 judges to hear the governments case on triggering brexit. Manus you are welcome to bloombergs daybreak europe, are flagship morning show in london. Good morning, i manus cranny. All eyes will be on the bond and equity markets, and the currency market. The world wakes up to its Third Political dislocation in as many as six months. Brexit, trump, matteo renzi. What happens next in the bond markets will be critical for the policy of the European Central bank. This is italian market calm before the potential political and market storm. Paul krugman is trying to gain a possible euro prices. What you have is 10 year Government Bond yields, the best rally in as many months. Weve rallied nearly 20 basis points. The spread against germany widens, with action down now 160 basis points. Will we retest those wide areas . The risk premium for Holding Italy, of what happens next, of who is the next leader of italy, is whats going to play out in Global Markets over the
About our economic crisis and argue that it can be traced back to the 1970s when our Economic System shifted from benefiting a vast majority of americans to one which mostly benefits only the very rich. This is about an hourandahalf. [applause] good to see you will hear. Lets cut quickly to the chase. What is it and the dna of capitalism that makes this so unstable . Since the beginning of economics as a discipline back in the days of adam smith and David Mccarty who were the first to develop it as a comprehensive way of thinking about things, economist of worry about that. It has never been, except maybe in the last 30 years, the case that a significant portion of the profession, let alone the public imagine that capitalism was anything else. The reality has been from the beginning wherever capitalism has established itself, it has been stunningly unstable. It is all the time facing three to seven years of economic downturn. Give you an example. The last time we had a major collapse o
Former defence minister A.K. Antony on Monday expressed outrage at the attempts to bury the Rafale scam, arguing that the Narendra Modi government will not be able to escape accountability now.
Referring to the new revelations and start of investigations in France, the former defence minister said: “The subsequent series of events and documents placed in public record have now affirmed the stance of the Congress party about wrongdoing and corruption in the Rafale deal. What is, indeed, mysterious is the fact that despite 48 hours having lapsed, the Prime Minister and the defence minister have decided to maintain complete silence on ordering of investigation into the Rafale deal by the French Public Prosecution Services.”