Currency which has been plunging over the past few years and part of the problem is that while Foreign Investors are piling in and driving up then they are higher than had fallen domestic savers Business People and stuff like that theyre piling into gold because theyre very familiar with gold they have a 3000 strong history year history with gold so that is kind of destabilized saying their local currency right well this is the game the Central Banks play with fear money and the gold market so the demand for gold is always there to some degree and the gold bullion banks on the Central Banks they play around with Interest Rates and they owe is get that 3 or 4 percent move up in gold which they then scalp on an almost daily basis they come in and they dump huge short shells or should say short sells into the gold market and they say. The market continuously thats why gold prices been very sluggish its moved up over the years but its very sluggish compare the amount of creation and debt c
Gold silver all that stuff here we see some headlines about this you know of course over the past week we saw a big plane hit a new all time high its back up to it didnt die like all the media had said and in fact we had Paul Tudor Jones and we had stan truck in miller then we had micro strategy then we had in our. Black rock lows a big people get into the space and then guggenheim also said now that theyre starting to buy bit coin so turkey has no cure for a gold craze that leaves the lira vulnerable turkey is trying to stabilize their currency which has been plunging over the past few years and part of the problem is that while Foreign Investors are piling in and driving up the layer higher than they had fallen domestic savers Business People and stuff like that theyre piling into gold because theyre very familiar with gold they have a 3000 strong history year history with gold so that is kind of destabilize saying their local currency right well this is the game the Central Banks pl
Via the coronavirus, and there is not much of the fed chair can say. Coronavirus is making all the decisions on the economy. Weakersales coming in than expected, actually the weakest since april. The High Frequency we have seen since then suggest the economy is slowing even further into november. The problem of course is there is no help from the fiscal side in washington, no talks about any additional covert relief package. Getting to the end of the year, most of the cares act expires. So people are looking to the fed, particularly people in the markets. They are looking at the yield curve, which has steepened slightly, still under 1 on the 10year, but there is a feeling that if the fed wanted to do something they could start buying at the longer and, changing the weighted average maturity of their purchases. If they did that, push down on Interest Rates. There is a feeling they may do that in december to send a message that we cannot do a whole lot to stimulate the economy but we are
And moderated by cogswell omak. My name is donna rapaccioli. As you may realize, 2020 marks 100 years of purpose driven his education at fordham. Since our inception we believe in the power of partnerships to inform and to lead change. I very much would like to thank the Gabelli Center for Global Security and analysis and our wonderful partners, the museum of American Finance and the society of new york for sponsoring todays conversation. The centennial series was designed to shine light on emerging and important trends. One of the things we had realize is that reflecting on our history provides new insights into the current challenges that have disrupted and change industries and Business Models. Todays session focuses on the challenges that leaders at that j. P. Morgan chase and company faced, and survived, as is seen in jpmorgans fall and revival how the wave of consolidation changed americas premier bank. Im very proud to say that j. P. Morgan is a largest employer of Gabelli Schoo
Make russias covert vaccine the countries of foreign minister exclusively tells our team why tehran is supporting sputnik the. Russian the russian reconstruction in a very bad experience with another country that i do not want to name. Those are your headlines this hour the kaiser report is next on our Show International and the u. K. And ireland prepare for. Hi im max tazz or this is the kaiser report so much going on lets check in with stacy right max you know how history rhymes might not necessarily repeat exactly but it certainly rhymes and were seeing flash back to the seventys these days so the most important question for me is should i get a feather haircut or a perm staying alive staying alive the old saying are you much of it because copyright is certainly much stronger since the seventys but what do you feel about oh yeah my wife sudha i got them colored tiles of my basement practice in the house all the way raw it was practicing the hustle google that but i think ill do the