a new dreamers bill. those are world news headlines for this hour on behalf of the internet international team thanks a lot for watching and we hope to see you again soon. max kaiser this is the kaiser report some much to get to important stuff let s check in with stacey maxwell we have a headline here suggesting that the bank of america analysts are ready to take on the widow maker and that is betting against u.s. government bonds which have been in a bull market over what 45 years something like that a long time many decades so bank of america we believe we are at a secular turning point for both inflation and interest rates with quote new central bank mandates excess fiscal stimulus including u.b.i. less globalization fading deflation from disruption and demographics the 40 year bull market in bonds is over they say they say it s over max and he is there to start looking at that top dark blue line is deflation assets and how they have performed over the past few decades an
by max kaiser this is the kaiser report some much to get to important stuff let s check in with stacey maxwell we have a headline here suggesting that the bank of america analysts are ready to take on the widow maker and that is betting against u.s. government bonds which have been in a bull market over what 45 years something like that a long time many decades so bank of america we believe we are at a secular turning point for both inflation and interest rates with quote new central bank mandates excess fiscal stimulus including u.b.i. less globalization fading deflation from disruption and demographics the 40 year bull market in bonds is over they say they say it s over max and he is there to start looking at that top dark blue line is deflation assets and how they have performed over the past few decades and they outperform the inflation assets we ve been having deflation they say and they count inflation assets which they predict will outperform the next 10 years commodit
of 1907 or the bull market crash of 1993 the answer has always been to extend and pretend and that means to extend the maturity out to longer maturity days. and watched bills maturities rise in value because the central bank has been instrumental in assisting in this bull market in bonds by purchasing a lot of these paper to keep interest rates artificially low and that s the story of the past 40 years if bank of america is correct and the bull market of bonds is over and interest rates are going to start going up that means that pretty much 90 percent of the american economy in the global economy will start to become insolvent so they re basically identifying trends that you and i have pointed out here for the last few years and increasingly making a focal like the globalization they re now seeing that and that s because of the city s trap america doesn t like to see china overtaking it but it is overtaking us so we will withdraw from the world we ll try to make sure that no
here for the last few years and increasingly making a focal like the globalization they re now seeing that and that s because of the city s trap america doesn t like to see china overtaking it but it is overtaking us so we will withdraw from the world we ll try to make sure that nobody else can trade with china will introduce tariffs on china as we have done and biden has yet to remove the tariffs that trump introduced on many of the goods coming out of china we ve introduced tariffs on on goods from canada and europe so i m not sure if biden has yet considered even removing those he s also saying where there s a feeling deflation effect so a lot of that deflation effect has banned from the central banks have you as you ve identified because central banks can t print money they can print credit and the credit is deflation because they just that credit can never be paid back so therefore it s always deflationary it s going to collapse all the time but also that technological a
central bank mandates excess fiscal stimulus including u.b.i. less globalization fading deflation from disruption and demographics the 40 year bull market in bonds is over they say they say it s over max and here is their charts looking at that top dark blue line is deflation assets and how they have performed over the past few decades and they outperform the inflation assets we ve been having deflation they say and they count inflation assets which they predict will outperform the next 10 years commodities real estate tips e.a.a. f e u.s. banks value and cash which is weird but cash of course in inflation asset. is europe a strong australia a. far east deflation assets are government bonds us and investment grade s. and p. 500 u.s. consumer discretionary growth and u.s. high yield bonds. well this is the big one the big onto a lot of the big bull market over the past 40 years that has been the foundation upon which the economy around the world particularly in the united stat