World might be in distress but the fact is the Us Federal Reserve bank has been printing enormous amounts of money and its going in lockstep with the increase in the nasdaq in the stock market because remember from mid september when the repo market turmoil erupted the fed started printing money and in the last 2. 00 weeks the 2019 here were in 20202020 but theyre still printing the last 2 weeks of 21000. 00 a printed 450000000000. 00 their asset their Balance Sheet expanded by that so lets look at that fed Balance Sheet move up to 4. 166 trillion highest level in 14 months over for him to the 6000000000 over the last 4 months quote in no says is this q. E. This is nothing like it drone powell had said october 8th 2019 you can see that its a v. Shaped recovery in the feds Balance Sheet since. You know the nasdaq as i said was up 40 percent nearly 40 percent so 60 percent of the gain and the nasdaq happens from that point lets revisit my ongoing theory which is that youve got really low
Youve got really low Interest Rates now for 10 years near 0 or in some cases negative and there are a few private equity folks that are taking all the stock off the board you know in remember a monopoly. The winner has all the real estate and everyone else becomes a right so this is the same thing nasdaq is just a proxy for monopoly and the players that are winning this are both the bank and park avenue and park place the 2 most valuable spots on the board game of monopoly so. Thats this is exactly what ive been saying for a few years now if you keep printing trillions and trillions of dollars and you dont allow it to go into wages you cut them off you you you you you vilify the working person and you just give it to private equity speculators youre going to end up with this enormous bifurcation in the economy of extraordinarily wealthy plutocrats and kleptocrats and serve to sort of class the. The losers the poor bulls i might add that is also a hedge funds hedge funds play a big part
Youve got really low Interest Rates now for 10 years near 0 or in some cases negative and there are a few private equity folks that are taking all the stock off the board you know in remember a monopoly. The winner has all the real estate and everyone else becomes a right so this is the same thing nasdaq is just a proxy for monopoly and the players that are winning this are both the bank and park avenue and park place the 2 most valuable spots on the board game of monopoly so. Thats this is exactly what ive been saying for a few years now if you keep printing trillions and trillions of dollars and you dont allow it to go into wages you cut them off you you you you you vilify the working person and you just give it to private equity speculators youre going to end up with this enormous bifurcation in the economy of extraordinarily wealthy plutocrats and kleptocrats. Surf the surf class the losers the poor bulls i might add that is also a hedge funds hedge funds play a big part in the rep
Morning. And yields, highs of the day with the ten year approaching 186 now. Road map begins with that blockbuster jobs report. Futures point to a strong rally at the open as employers add 266,000 jobs last month. Top white house economic adviser larry kudlow will join us, first on cnbc. Well talk about jobs, the markets and who knows what else. And uber safety concerns, Ride Sharing Company disclosing thousands of assaults in the past couple of years stronger than expected november payroll number boosted by hiring and healthcare, restaurants and transportation the return of those gm workers from their strike also played a role in auto parts wages up 3. 1 from a year ago looking for a little less than that, which had some wondering whether or not inflation is returning to the narrative. I think that you can actually look at a couple of the numbers different ways if you actually adjust the cost. You dont see that you just see 1 . I will say as i said in the tease i did with the people f
Stocks of companies with obviously great fundamentals but a Battle Ground with fire. And madness. Count me out too much effort. Sometimes though you have to take a stand and in a market like this one where the bullish animal spirits can bowl anybody over. Including today the dow inched up 30 points s p advanced and then some battlegrounds, even for me, too tempting to ignore thats why i have been taking a stand with tesla i might have gone back and forth, two of the biggest hornets nests of our time what separates the tesla a battleground stock that i feel compelled to champion from the netflix which i lost conviction in championing it for years at lower levels okay, all my career i have been fascinated by companies with vociferous bulls and ferocious bears if only because theyre so entertainling. Three things distinguished the stocks from regular run of the mill equities. First, theyre cult like the house of pleasure. People buy them because they love the product and the product trans