Palatine losing 9 today. Dominos is down 3. 3 . Is that the one where the guy ate like 40 pieces in 30 days . Joe that is the other one. Romaine lets dive deeper into the action. Mike the vix has clearly shot up a little bit below 12 before thanksgiving. Today, up to about 16. Any time it has risen this year, it has been sort of corresponding trade tensions ratcheting up. What is interesting is that moves in the fed have often echoed by risk reversals in the korean won. Volatility between puts and calls on that currency. This week is different in that the risk reversals have not really errored the move higher. You can see, the white is the vix. They risk reversals are the ones not really moving in lockstep. This was pointed out by a volatility specialist his interpretation is basically that this suggests that the pivot is increasingly moving to the u. S. Side of the trade war. Abigail we are just two days into the month of december on a trading basis and we are already looking at two d
The international. Either imax guys or this is the kaiser report you know one of those mysteries when the bailouts came in 2008 oh theres a lot of money printing going on people said well wheres the inflation the government says theres no inflation you know and then a lot of people say well actually health care and education are skyrocketing in value you dont count and thats why youre misreading inflation and this has been going on for years new evidence suggests. We found it we found the missing inflation stacie right that is because 2019 has been a year that all that was hidden is being revealed trump is the great revealer in politics and geopolitics so he now openly says what was always the truth for example that were there for their oil we werent there to help the women and children of iraq were there to take their oil and that is the truth and that has always been the truth he has revealed this truth he has also revealed that in fact our trade policies since nafta since especially
Sector. And as we cover here one explanation is greed and that these you know they used auto dealers are just pushing loans on people just to get that 20 percent you know Interest Payment for a month or 2. 00 knowing that persons going to go bankrupt so the missing inflation number has been discovered right because as you point out he donek adjustments hid the inflation and when the government reports the Inflation Numbers if something is rising in price a lot they cut it they dont report if they dont put it in the basket of c. P. I. Dont put in the basket of the inflation index that they use to report on Inflation Health Care was getting too expensive so they removed it however americans are now borrowing lots of money for that skyrocketing Price Health Care and we see that now in the defaults on their subprime credit rate and sub prime auto because you need a car. To get to work you need a car to get to the hospital and these are things that are not included in the basket so now the
Means all banks except for the largest 100. 00 is blowing out according to Federal Reserve data and the 3rd quarter the delinquency rate at these banks rose to 6. 25 percent thats even higher than during the peak of the financial crisis so the delinquency rate has more than doubled in just the past 2 years delinquency rate means 30 days or longer overdue your payments are. The largest banks have a delinquency rate of 2. 58 percent so half of what youre seeing in the subprime sector. And as we cover here one explanation is greed and that these you know the used auto dealers are just pushing loans on people just to get that 20 percent you know Interest Payment for a month or 2. 00 knowing the person could go bankrupt so the missing inflation number has been discovered right because as you point out he dominic adjustments. Hid the inflation and when the government reports the Inflation Numbers if something is rising in price a lot they cut it they dont report if they dont put it in the ba
Shellady and moodys economist john lonski. Welcome to both of you. Scott, what do you make of what is happening right now . Maybe because of stormy weather, folks expected to participate in Online Shopping more than otherwise would be the case. How do you sort of look at that . The shocking numbers, Online Shopping still has not eclipsed bricks and mortar. Depending who you read about 20, 25 . What do the malls look like when there is 50 50 . There is a still room to have Online Shopping area. I think bets, ultimately death knell at some point in time but right now it is small. We need to see 10 billion, the market would love. That would be something good to underpin we see what happened today. U. S. Economy, u. S. Consumer, the way they feel, it is a good recipe. Stuart john, youve been telling me the consumer is the key to this recovery and even when ceos, cfos, sort of dialed back expectations or not hired as many or ratcheted down their plans, the consumer had none of that. Is that