Private debt its even more concerning even though Government Debt thats the most attention private nonfinancial day in the u. S. Is at 27 trillion versus public debt is at 19 trillion and the reason why private debt is so much more dangerous is because its more problematic is because public debt has more impact on the economic and the economic landscape shirt right now if you look at the past the roaring twentys the japanese boom of the eightys and most recently the u. S. In the early 2000 what did all 3 of those have in common its a huge levels of private debt low relatively low public debt but huge huge unsustainable levels of private debt that kind of just funded the incredible binge and rise you know theres also been a study in the not just of this borrowing taking place right because its really borrowing money that doesnt exist but as part of the Central Banks have been Holding Interest rates at abnormally low rates right this is nuts it only encourages it increases this behavior
Now the swamp is hitting back. The administration under attack from all side in d. C. After Michael Flynns resignation. Now we have democrats and Top Republicans demanding investigations into alleged links between the white house and russia and whether those links influenced the election. The president tweeted out, this russian connection is nonsense. Hes saying there is fake news going on, there is blind hatred in the news media. He just said that moments ago. Now andy puzder withdrawing his name after republican pushback. Is the d. C. Swamp fighting back . The d. C. Swamp is rising up, colluding and viciously fighting to take down the 45th president. Impeachment of the president is the end goal for the left. Facts, truth dont matter. Mike flynn is a small as cute of that bigger plan. The left is trying to make what happened here into the next water gate. You have to remember these are the same liberals who fiercely defended Hillary Clinton. Liz another writer said a top intelligence
Presidency. But now another fight brewing, saying that President Trump does not deserve any credit here. Welcome to risk reward, i am Elizabeth Macdonald in for deirdre bolton. All three major indices were up. And 340,000 people came back into the labor force. This after a slew of Companies Like ford, intel, exxon mobile and samsung announce their committee to send money and hire workers right here in the u. S. Our economist joe the plumber will be here. But first. We see how the markets reacted to positive news. Lori rothman with the latest. Reporter everyone here was satisfied with february jobs report, the numbers were better than expected. 235,000 jobs created. Well ahead of the wall street expectation of 190,000. Unemployment, 4. 7 , and average Hourly Earnings jumping up by 2 pu2. 8 from this time last year. For a long time the market today was pretty static, likely could be because expectations for an Interest Rate hike jumped up to 93 at next meeting that is march 15. Before re
Trying to console their students after trumps historic victory. Turns out they need some help, including therapy dogs. Keep in mind, your mornings are better because you woke up and it turns out youre with friends. I was born free i was born free thank you, kid rock, as he sings us to look at radio music city hall on the 10th of november, the 241st birthday of the marine corps. Nice. Steve, you were pointing out radio city, this is christmas time. If you listen closely, you can hear the i love that song. The election is over. Veterans day is tomorrow. Christmas is around the corner, thank goodness. I dont look forward to christmas because of the shopping thing. Theres too much emphasis on people needing gifts from me. So just dont do it and be a scrooge. I just get credit cards. You give me a credit card and ill do the shopping for you, gr gladly. President obama is rolling out the red carpet for president elect donald trump. And they will start the peaceful transition of power. Its on
There is Movement Towards him. Disney, moving down in the stock, the trouble with espn and thats disneys cash cow, its going to be down big. But the big money story, the long list of big names hitting record highs. Amazon leads the charge again and, yes, Varney Company is about to begin. Well, i wont back down. [laughter] you hear that, you know, the producers select very good music. No, i wont back down. All right. Bernie sanders is not backing down, he won another state. The economy, one of the big issues for democrat voters yesterday. A third of those democrat voters in West Virginia said theyd go for trump in november. How about that . More coming up on that issue, but right now, well check the market for you. Here is how were likely to open today, ever so slightly lower. But what do you expect after a 200 point plus gain yesterday. That was biggest gain in two months. It will open lower, but thats mostly because of disney, which is a dow stock, which will be down. That will cost t