Living in an age of global populism, a transition as profound as those in 1848, 1905, 1968. Give me a primer on global populism today because it affects american politics, european politics, and you are saying it is the age of global populism. David i compare it to those years because there are certain pivots in history where countries all around the world are facing the same problem but answering in different ways. 1848, workers revolution. 1905, you had the progressive era, industrialization. 1968, the rise of the bohemian radicals. And now we are facing the rise of populism. I read over a bunch of my old columns just to prepare for this a very humbling experience. What i see is me and a lot of people noodling over the same issues. We are just trying to figure out we are in this Pivotal Moment and what exactly is going on. The thought that occurred to me this morning was i was in europe in the 1990s. I saw the decline of the soviet union, german reunification, mandela coming out of p
Alibaba is returning to the bond market after a twoyear absence. It plans to raise 7 billion. Debate on tax reform is still ongoing when it comes to the wall street session. Gains that weme still see a mixed picture especially when it comes to japan. We are extending the losses here today. Not sure what it is due to, if crash looming. E the fundamentals do not support that. Betty something we need to watch closely. Watching tax reform here also the Inflation Report on wednesday were any further clues on whether the fed is going to go ahead with that rate hike in december. In the meantime as the asian markets are opening up my left it to the first word news with jessica summers. Jessica chinas drive to curb credit growth and leveraging is showing signs of success. The pboc said the aggregate billiong was 160 against estimates of 166 million. M2 money supply rose more than 2 . The bank of japan governor said he is expecting to achieve 2 inflation and looking at expectations through guida
Going on. Afteran stocks slipping we had a mixed session over in asia. Government bonds followed treasuries higher. Investors trying to figure out what the reduced odds of another Interest Rate hike mean for them. Euro drifting lower before the ecb releases minutes of its latest policy meeting. Zinc trading near a 10year high. That is a very quick snapshot of the markets. Now lets get to the bloomberg first word news. Sebastian south koreas president says donald trump has agreed to ask for consent before taking any military action against north korea. Gameirst News Conference and he said only his country could greenlight a strike. He warned that kim jonguns regime is approaching a red line. White house chief strategist steve bannon has gone public with his long simmering feud with some of trumps top economic advisers. Prospecthe american that he often battles with Steven Mnuchin and gary cohn. Benin did not immediately respond to request for comment on the interview. Minutes from the f