Populist politics his combine standard republican tax cuts and deregulation with restriction policies of trade and immigration. And sometimes inflammatory those with lawmakers alike. Have those policies been successful in Going Forward what lesson should policymakers apply with the left and the right . List two great guest first Casey Mulligan is a professor at the university of chicago serving as the chief economist the council of economic advisers with the Trump Administration from 2018 august 2019 and the most recent book just last month is your hired. And michael is the director of Economic Policy studies here at aei author of the American Dream is not dead. Released february of the sheer. To start off casey will speak for about ten minutes then mike will offer a ten minute response and then we will have a Panel Discussion and toward the end at about 1045 we will do q a. Please submit your questions on twitter with ask aei. Good morning. I have some slides to share during my presen
Have those policies been successful in Going Forward what lesson should policymakers apply with the left and the right . List two great guest first Casey Mulligan is a professor at the university of chicago serving as the chief economist the council of economic advisers with the Trump Administration from 2018 august 2019 and the most recent book just last month is your hired. And michael is the director of Economic Policy studies here at aei author of the American Dream is not dead. Released february of the sheer. To start off casey will speak for about ten minutes then mike will offer a ten minute response and then we will have a Panel Discussion and toward the end at about 1045 we will do q a. Please submit your questions on twitter with ask aei. Good morning. I have some slides to share during my presentation good morning i really appreciate aei organizing this i want to monetize your time you can find more in my new book readers have been time for also coming away agreeing that pop
U. S. Threatening any recovery optimism. Australia braces for the end of a record run. Gdp data showing whether the 30 year recession free streak is over. Looking at how markets are trading, u. S. Futures under pressure after stock markets in the u. S. And in most thats ended mostly positive stock markets in the u. S. Ended mostly positive rating. Friday. Oflly no real substance concrete measures against beijing. We have the dollar index falling friday, the declines continue on down. 2 . Monday, this as confrontation with china continues but after the s p 500 closed may on an up note and now at the highest level in more than 12 weeks. 1. 7 , about 35 a barrel level. This is the highest in 11 weeks and the biggest the klein in more than a week. Decline in more than a week. Russia and saudi arabia agreed to coordinate on the deal reached by opecplus to cut output. Seeing u. S. E futures falling. Upside holding on with futures trading in this part of the world. Nikkei futures trading high
Business lending facilities to keep credit flowing as u. S. Job losses surge past 30 million. Shery lets get started with a quick check of the markets. We are seeing pressure on u. S. Futures, falling more than a percent at the moment, after the s p 500 fell from the sevenweek high. But yes, it was the best month since 1987. We saw the s p 500 climbing 13 this month. We have more pessimism about the economy today. We had dismal jobless claims data. Slowing down but elevated. We have positive sentiment being filtered through with the fed expanding the scope of the main Street Lending program. Also, the nasdaq was helped by results from microsoft, facebook, and tesla. When it comes to wti, we continue to see extended gains. It is trading near 19 per barrel. This, as we saw signs of fuel consumption start to recover in the u. S. We have a few markets that are closed across asia. China,cludes hong kong, singapore, india, and many more. Limited trading in the asian session. Haidi yeah. Shar
Been Holding Interest rates at abnormally low rates right this is nuts it only encourages it increases this behavior absolutely this is kind of what drove everybody to borrow more because debt is cheap why not take on more debt and thats actual thats must been happening corporates have now been issuing junk bonds at record levels record levels and they are deeply Indebted Companies that d are actually using debt to pay off equities so theyre kind of just like borrowing money just to prop of your own share values and thats been working because youve seen the Massive Equity rise and as you pointed out well all time highs right now we only have like 15 seconds when i ask you about this real quick Federal Reserve just injected another 104 1000000000. 00 into markets overnight again on thursday and ran over night into friday the Federal Reserve is just a huge part of this right continuing to dump cheap money at lowest Interest Rates and its not good for the economy unless were not only that