System and the problems with distribution and the Monetary System because as you know one of the Solutions Offered for the covert 19 pandemic is that were going to print chileans and trillions and trillions of dollars even more chilly and so weve printed for the 2008 crisis well here we have seen carstens hes the former head of the bank of International Settlements and we prince tweets about him Central Bank Interventions to quell the crisis need to reach the individuals and businesses who are all tamale affected the last mile of this channel is not yet in place and needs to be bridged urgently so hes talking about these trillions of dollars are going to be handed to the same banks they got that in 2008 j. P. Morgans of the world Citibank Bank of america all that stuff but the problem is especially in the situation its not those big banks that are having a liquidity crisis as it was back then or credit crisis or credit crunch its these small and Medium Sized Enterprises that operate al
Monetary system and the problems with distribution in the Monetary System because as you know one of the Solutions Offered for the covert 1000 pandemic is that were going to print chileans and trillions and trillions of dollars even more trillions so weve printed for the 2008 crisis well here we have seen carstens hes the former head of the bank of International Settlements and we prince tweets about him Central Bank Interventions to quell the crisis need to reach the individuals and businesses who are all tamale affected the last mile of this channel is not yet in place and needs to be bridged urgently so hes talking about these trillions of dollars are going to be handed to the same banks they got that in 2008 j. P. Morgans of the world Citibank Bank of america all that stuff but the problem is especially in the situation its not those big banks that are having a liquidity crisis as it was back then or credit crisis or credit crunch its these small and Medium Sized Enterprises that o
Trouble with selling a world Famous Treasure trove want to do the dressed in themes in mind for their priceless jewelry heist. But come to do your business live from berlin i want to get jones good to have you with us starting with a blockbuster i p o shares in chinese ecommerce giant alibaba has surged in its hong kong trading debut in what is one of the years most anticipated stock offerings the company which is already traded in the United States raised more than 11000000000. 00 in its 2nd realistic shares of alibaba surged more than 6 percent in the 1st few minutes of trading on about us offering is a huge boost for the Hong Kong Market which has seen business slow amid the ongoing and partly very violent prodemocracy protests. And as were in the region already lets talk about chinas role in the current a bit coin decline the much hyped crypto currency has fallen to 6 months low partly because china has announced plans to take a harder stance against cryptic currencies in general b
Got down worldwide today it was yesterday because everything seems further apart than ever but the thing is like we were never close to phase one to begin with nothing has changed the narrative has not changed since i was even earlier this march the end furthermore everyone now theyre looking at the december 15th deadline because thats really the backstop for the entire phase one deal right now thats the backstop and thats the leverage at present temporarily has and right now analysts are saying that if this tariff goes into place that will be terrorism 156000000000. 00 worth of goods and for the 1st time ever this will affect consumer goods and electronics so its funny because both sides keep sounding like phase one is close were almost there beijing same meetings will make make this happen like were going to get it together well get it done but then as they talk about it the closer they seem to get the more they kind of up the terms of what they was trying to keep saying well we want
A bearish cycle for the Worlds Largest cryptocurrency weve got a lot to get to on a very busy day so lets get started. And we begin with fears that in fact there will be no phase one trade agreement between the u. S. And china at least not this year and those fears are translating into lower economic forecasts for not just the u. S. And china but really for Global Economic growth the organization for Economic Cooperation and development said on thursday that the Global Economy is now at risk of settling into a quote low growth rut the o. E. C. D. Has now lowered its forecast for Global Economic growth in 2020 to 2. 9 percent from the 3 percent expected in september meanwhile the c. E. O. Said thursday that members of the g 20 continue to impose restrictions on imports in the 6 months through october with new measures affecting 460400000000. 00 in goods kristie as we do each day lets talk about this because 1st of all as we mentioned on wednesday right there is talk to. This phase one d