And there was a lot of speculation at the time that you know the i. M. F. Was kind of greasing the skids for yet another metaphor. To cause the greek meltdown remember there was a lot of shenanigans going on Goldman Sachs cooked the books for grace that they could get into the euro under the master trading they they obliterated all the rules and regulations they got them in then greece quickly went into the garbage dump became a flaming dumpster and the i. M. F. Suddenly had a role to play it something was relevant to the yen and now here we are in 2020 and the i. M. F. Is like bailing out half the world over there i made a good job themselves of it because theyve become somebody in this world you know the i. M. F. From from being almost completely marginalized and worthless well back about 100 years ago we had this notion of communism and socialism and the workers would gain all the power and the workers would gain all the wealth but now weve discovered that nobody actually has to wor
The i. M. F. Is like bailing out half the world over there i made a good job themselves of it because theyve become somebody in this world you know the i. M. F. From from being almost completely marginalized and worthless well back about 100 years ago we had this notion of communism and socialism and the workers would gain all the power and the workers would gain all the wealth but now weve discovered that nobody actually has to work theres no work anymore and we find out when everybodys quarantined because nothings being made right there is and still like the economy their stock markets are floating up higher and higher and everything seems ok right now but now everybody has discovered the magic of the Printing Press and this is the danger of here its like well they could just print out money like what was all that stuff about with greece why were they forcing austerity on them when apparently they have a trillion dollars like how does the i. M. F. Which cant produce wealth right they
To come back to life, whether weve actually based on the numbers weve had in the last couple days seen a peak in confirmed cases, what all of that looks like. Then, of course, the fact that we have earning season kicking off in earnest this week, the big banks reporting and some key other names that give us some insight into the state of the economy and things like trade flows like jb hunt will report this week too. Number of analysts and strategists saying the number is meaningless, the eps number is meaningless, any guidance for q2 probably up in the air as well, that its really going to be the health of these companies, its going to be the Balance Sheets and how theyre able to weather what has been a complete shutdown in so many different parts of the economy, so many industries, so many different businesses dom . I mean, whats curious about this whole conversation debate, guys, thats happening right now is there are so many takes about just how much damage has been done to the econ
We do want to check where stocks are and what has been a volatile few hours of trading the dow holding on the a 1. 5 gain thats better than 300 points. That stunning claims number today. Everybody digesting that the stunning move higher in oil as well. The president saying there could be a cut of 10 Million Barrels lets welcome in jim she joins us on the phone. Welcome back i hope you and yours are safe and healthy. We are, scott i hope the same for everybody there and everybodys families we appreciate that. Can you sort of help us. I want to make sure our viewers understand exactly the angle that were coming from today what is your current positioning in the market . Are you net short as we speak . We have our own hedge fund which basically is always net long varying degrees. That is about 50 give or take a little bit net long. Thats on the low end of where its been. Thats probably where well be for a while. On the short onlies, its been hard the stay short. If the market goes your wa
A 500000000000 dollar rescue plan to help countries hit hard by the pandemic. Oil producers agree on the biggest cut in production ever but not everyone is yet ready to turn off the tap. And resurrecting a special good friday mass a year after the iconic cathedral was devastated by fire. Of the u. S. Says he tells aljazeera about the difficulties it faces twisting your fleets and cell phones plus known for its inglese plans to put on the u. F. C. To 49. 00 in california are stopped amid the coronavirus pandemic. Now the death toll from the corona virus across the United States has now passed 16 and a half 1000 in new york theyre all signs of improvement with a drop in hospital admissions but its still the west affected state and had a Record Number of deaths for a 3rd straight day now pictures have been matched of mass burials as morgues run out of space christensen reports. Hart island is new york citys potters field where those with no family or means to arrange a funeral are laid to