Does he have the ability to do this, do you agree with the decision . Sen. Schumer i agree with the decision and i know that he will check things out legally. Thank you, everybody. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] a we take you live to discussion on fiscal policy in the Incoming Biden Administration and congress, hosted by the brookings institution. Size i think is ambiguous and policy occur through a political process. I would rather see something that is a little bit smaller but that could pass this week or next week, rather than wait for something that is a little bit until, but will not pass february. If you look at the output gap, i think a trillion dollars is a reasonable figure for the next round of stimulus. I think democrats should be willing to take a couple hundred billion dollars less than that. Republicans should be willing to take a couple hundred billion dollars more
With the cares act in march and prevented the covid pandemic from doing even more harm to the economy and welfare of americans than it did. The cares act is essentially been spent, many people are about to lose benefits. Unless Congress Acts. And unless Congress Acts fiscal policy soon will be a drag on growth. They are still more than 11 Million People still unemployed by the official count. Most economists and certainly those gathered here today agree more fiscal support is necessary. Following that discussion, we turn to an issue predating the pandemic him one that persists. How to think about the federal debt and very low Interest Rates. Its growing and unsustainable rate. There is sentiment among comp economists for doing anything about that right now. When is a debate about how and how best to address that Going Forward. Had to balance the risk and cost. And too little Public Investment. We look at that issue with the paper posted on our website. By two veterans of economic polic
Figures showing 6. 7 percent year on year growth in the 3rd quarter. Its a bright spot in a sea of otherwise bad economic news. The countrys currency, the lira has plunged in value, Foreign Investors continue to abandon the country. Inflation remains stubborn. And now corona virus infections are rising fast. Streets are empty are than usual. Turkey has reported record numbers of new coburg, 19 cases. Thats led the government to impose more restrictions. Theyre pushing many restaurants and Small Businesses to the brink of ruin. Fast food store and used to have 6 employees. Now he has only 2 left and he can hardly pay them because you know, thats why weve been struggling for 7 months. But now we are really thinking, what should i do . Mock up and go, i might have no other choice. The government of president , one has cut Interest Rates in an attempt to boost the economy, but the countrys central bank has no change course. In mid november, its new governor hiked the main lending rate by 4
Outrage over chinese official tweeting the fake image of an australian allegedly killing a child throws Prime Minister calls to morris and calls the chinese repugnant and demands an official apology from beijing office. Welcome to the program. More than 100 people have been killed in the what the un calls a massacre in the countrys northern bonos states. I witness is saying militants on motorcycles rounded up and killed farmers who were bringing in their harvest. No one has claimed responsibility, but the hardest groups have attacked the area. In recent years. The victims of a gruesome massacre laid to rest in a mass burial. The reports say the farm workers were attacked by armed insurgents on motorbikes. While they were harvesting rice, someone shot others with their throats cut. It is that there were 6 of us in the bush. Then we headed back into the village. We were shocked when we got there, micah. We found the bodies and that was where the main killings took place. Then we went thr
Still have a crack at taking the senate, but with biden inching to the white house, what policymaking is the market baking in . Biden hasy rains, but taken many by surprise. Joe the real winner this week, not biden, not trump, the good old 6040 portfolio. Everybody had left it for dad not long ago. Theof the best weeks for 6040 portfolio in a long time. End of election volatility. We are not likely to get a big stimulus. The diversified investor wins again. Romaine another big winner on the week was anyone shorting volatility. Most volatility measures started to pick up. The idea that we were going to get a contested election, at least today it looks like we may get a result here. That seems to have settled the market a little bit here. Some clarity as to what congress will look like. Your main measures of market volatility, and bond market volatility, all moving forward. Keyline diversification is and Asset Classes for the year that have beaten all of them, crypto. Who would have thou