Meantime, lets talk about the headlines. Brexit, Prime Minister Boris Johnson and the had a callmmission earlier on in the group agreed to hold two months of talks to talk about a postbrexit trade deal. Boris johnson said there is no reason why they shouldnt get a brexit deal done in july. However, u. K. Has ruled out an extension. We have a political economist joining us, what is your sense of what is going on here . Degree, is there any surprise in the idea that an extension is not forthcoming . I dont think so. What we are seeing is pretty much the same old story, different day. It feels like its 2020 but it feels like its 2018 all over again. The same issues are coming out. You can see that from the eu which is saying we wanted an agreement but not at any price. Both want an agreement but there are stipulations and as we have seen for the last few years and we will continue to see for the next while, there are red lines that are still sticking points that will ultimately they will
Exceptionally broad and clear overview of the state of economic life. The actual conditions we face how those relate to those dark stories that we hear in our politics to the conditions americans havens experienced. Its fair to say that things are much better than politics and the critics of the market economy would suggest that we face risks but that mood are the most important it is a controversial thesis as a conservative i am resistant and being told everything is fine. But it is a very powerful argueof thesis. A thoroughly supported thesis in the book so to respond to the argument is one of the smartest social analyst and policy thinkers in washington. He is the chair and senior fellow of economic studies at the Brookings Institution director on the future of the middle class author of important how the american middle class is leaving everyone else in the dust and what to do about it. The format will be very simple we have an overview and then we will offer a response i will help
Virus could soon peak in new york city. Weve already seen the apex in madrid italy is clearly over the hump that means buy storks. Cover your shorts. The bull is backs todays run d 1627 points marking its best day in two weeks s p soaring 7. 03 . Nasdaq 7. 3 . Can it really be this easy or does this represent too much optimism i think its a bit of the latter wall street is a group of index buyers and traders when we care about the new number of coronavirus cases, number of hospitalizations and mortality rate index buying was so intense it moved stocks like they were play things now, does that mean we should buy the nasdaq when we have more ventilators, sell it if we dont have enough personal protective equipment . Do we buy the s p retail etf when we get a decent number from, i dont know, Governor Cuomo . No, its kind of ridiculous. Were simply seeing, though, the flip side of what happens when people were downbeat as they were last week when the president s team told us some pretty ho
The actual conditions we face over recent decades with the dark stories that we hear with those conditions of diamerican experience and that the critics of ther market economy those are among the most important of those critics the controversial pieces i am resistant to be told everything is fine. But it is an argument that you will see here tonight that is a fairly supportive thesis in the book. When the smartest social analyst and policy thinkers in washington the chair and senior fellow of economic studies at the Brookings Institution with the future of the middle class and the author of a number of books including dream orders. And the format is very simple. And the moderator brief conversation and with the q a. So lets welcome michael strain. [applause] thank you for that very generous introduction. It contains the argument that you are making the American Dream is not dead the subtitle it is excellent cover theres nothing to read on the inside but we will talk about that. So what
And his new book is an exceptionally clear and broad overview of the state of American Economic life. The actual conditions we face, that trends over recent decades, how those related to some of the dark stories that we hear in our politics about the conditions americans have experienced and also what our prospects are. I think its fair to say he finds think so much better than the mood of our politics and the critics of the market economy would sometime suggest but that we do face risks and that maybe that mood and those critics are among the most important of those risks. Its a controversial thesis. I do say as a im resistant to being told everything is fine. But it is a very powerfully argued thesis and as you will see and hear tonight, a very thoroughly supported thesis in the book. Richard reeves, one of the spar social analysts and policy thinkers in washington, richard is a whitehead chair and senior fellow atn economic status of te brookings institution. Hes director of the bro