I am max kaiser this is the kaiser report lockdown baby present planet global lockdown while things are being revealed as the tide of neoliberalism goes out stacy yes one can just see you until we say otherwise that we realize we are under lockdown as is most of the rest of the world this is the covert 19 pandemic on going around the world but on top of that we have a money printing pandemic we have a us feel dollar global system pandemic that weve been discussing for the past 10 years here on kaiser report and one of the people most responsible for the imbalances that we see in the world that the global trade imbalances the global neal liberal imbalances caused by. All of this insanity of sending our manufacturing overseas for example is Larry Summers he was the treasury secretary under bill clinton from 1909 to 2001 so he oversaw glass steagall remove all he oversaw w t o. Except in china into the World Trade Organization he saw all those sort of things that dismantled the commodity
Deb. I want to talk very briefly about two or three things. First, the issue of testing and how that has changed the complexion of the approach we are going to be able to take. Testing was an issue, many questions of testing in this room for number of times. Now that we literally have hundreds and hundreds of thousands of testing out there, there are a few things we could do with that. One of the things is when we make policy of what we are going to be doing with the rest of the country, particularly those areas that are not hotspots, we need to know what the infection is there. We need to put a light on those dark spots that we dont know. We have to act policy wise on data. We are going to be getting more data, a lot more data. The other thing is the areas of the country that are not hotspots, that are not going through the terrible ordeal that new york and california and Washington State are going through, they still have a window of significant degree of being able to contain. In ot
A key figure in americas downfall the problems of the kovac 19 virus today and the problems in the markets around the world have a direct antecedent to Larry Summers and that codds array of elites harvard elites and wall street the leads who decided to this array the American Economy carve out everything and leave a rotting corpse in their wake and now hes frantically trying to deflect and assign blame and point fingers and he needs to look in the mirror Larry Summers as a heinous repulsive character in American History who is goes down in history as somebody who is a Benedict Arnold the almost quality theres a saying that goes he who smelt it dealt it well heres the guy who smells the situation perhaps hes the one that dealt this rotten smelly situation now think about it in the United States as we covered many times that the United States is a hospital masquerading as a country we have 18 percent of our g. D. P. Is devoted to the Health Care System and one of the arguments that many
How these cuts will be disk it and how willing will russia be . Certainly some optimism today. Jakarta is coming online. A pretty steep fall off of stocks yesterday. We are rising. Ingapore is up the csi 300 is up. 3 . The dollar is looking pretty mixed across asia. The reaction from that meeting has been seen in the korean won. We are seeing that strength. Nine out of 17 economists respected the hole. Some were expecting for a cut. We are looking ahead to governor lees press conference. We will hear more clues about the trajectory of where rates go and whether they will embark on this qe theme that we have seen in many Central Banks. The dollar yen, we are seeing a little come off of the yen. Were advancing on the back of the oil prices in the euro, premuch flat. Lets stick to oil. Prices are rising again ahead of that opecplus. The worlds Top Producers may be moving closer to a deal on curbing output. Volatility remains a key theme. Wti has seen another 24 hours of wild springs with
Warns america to prepare for a painful time as new york surpasses chinas Hubei Province in reported cases, the deadliest day so far. Japan proposes its biggest ever stimulus package as the virus threatens a deep recession. The Business Survey this hour will gauge some of the damage. Haiti. Haidi haidi. Haidi lets take a look at how we are setting up in australia. Trickling online in the staggered open, seeing early signs of positivity when it comes to this market after ending the session lower yesterday. We are seeing upside of about. 7 at the moment as we are awaiting the rba march 18 Meeting Minutes later today. We are trying to get past the worst quarter ever, so downside of 25 for australian stocks over the last three months today is a new day and new zealand, we are seeing gains for a Third Straight session as the rbnz is doubling down in the bond purchase program. Japanese shares looking a little bit lower. They had the worst quarter since 2008 and the kospi also trending lower a