An extra blade but fatalistically and we see this time and time again so the us. At any moment they could get off this path in the camp of walking into the buzz saw that make conceivably but fate is drawing them to the blade you know we had Aristotle Plato socrates they understood the man right they understood what tribes us and we always tried to the buzz saw thats the way powerful people are powerful nations do it they just go straight into the buzzsaw theres no other option they can just like kindly walk off the stage you know its just goes into the but is cyclical nature of nature is one that can be dramatize stand in the case of humans they typically will be drawn to fatalistic and unnecessarily and thats what makes a tragic speaking of tragic just look at that chart this is our deficit numbers plunging here it is the deficit serves the us record it is widest budget deficit in fiscal 2020. Since the 2nd world war that was a child she was what she was a massive global tragedy at th
Front. Caroline the question is whatd you miss . Data shows that the u. S. Retail sales rose in september at the fastest pace in three months. Numbers released next week and china are expected to reveal that the nation is on pace to grow this year, with Industrial Production on fire. When you look at the big picture, joe, economic reports confirm that china needs the u. S. And the u. S. Needs china. Their economies are linked handinhand on the industrial and consumption levels. There are many issues between these governments, that we would see. But there is a link between the two economies and it is remarkable. Joe it is pretty striking because so much of the story of the economy, the Global Economy some overproduction in china, it is the opposite. You see this in our charts that Cameron Crise made. Industrialine is recovery of precrisis levels, very impressive. On the consumption side, it is very far below precrisis trends. Chinasuction side of economy is roaring back a lot faster. Ca
Any. To. The max kaiser. For many years now weve been saying that a new Bretton Woods is inevitable. And this past week that i may have said exactly the same thing a new private words is coming oh boy stacy whats going well so many people and so much media has focused on the clown car show happening in the us elections that they kind of overlooked this whole i. M. F. Is calling for a new Bretton Woods which of course would be seismic it would coincide with the 50 Year Anniversary and 2021 is a 50 Year Anniversary of the us Dollar Standard remember we went off the Gold Standard temporarily and august of 1971 Richard Nixon said there were close in the gold window just temporarily until they could default on their debts to england and of course 50 years later were still defaulting on the debts but we could be seeing a new Bretton Woods who knows whats going to happen but youre talking to simon dixon in the 2nd half about that in the meantime you know really whats going on is that through
They could default on their debts to england and of course 50 years later were still defaulting on the debts but we could be seeing a new Bretton Woods who knows whats going to happen but youre talking to simon dixon in the 2nd half about that in the meantime you know really whats going on is that through cities trap that weve talked about which is the rising power china always ends up in conflict with the decline in power which is the United States in the situation we certainly see that heating out and you see that however even in the attitudes of people around the world here is a chart which is worlds leading economic power this question was asked to people in advanced economies around the world and among advanced economy publics 48 percent thought china was the number one power 35 percent thought the u. S. And amongst germans it was 55 percent china as a leading power and 17 percent of the u. S. And this is unfathomable a low says adam to use this idea of the 3 cities trap you know
Coming up, the newest entrant in electric vehicles now paddling its way into the Public Market with its skateboard inspired suv and the spac helping to move that power. In their first joint interview, the ceo of canoe, have you heard of this, theres a waitlist, yeah. And special acquisition player Hennessy Capital acquisitions, they are here for you. Republicans getting their turn to answer back after the dncs biden harris led assault on the trump white house. We are live on the ground in North Carolina taking the pulse of voters in the 2020 swing state. Plus, who really loaded the president ial gun thats pointed at tiktok right now . The social media heavy just volleyed its own attack in the form of this lawsuit against President Trump himself. We will tell you what it says with less than an hour to the closing bell, its another wild monday so lets start the claman countdown. Liz breaking news. Double trouble bearing down even closer to the United States over the gulf of mexico. The a