Their power and they certainly dont want to give up their 3rd element the exorbitant privilege member as the boomers who have more than any other generation really lived off that they exorbitant privilege of a total feel old based on the u. S. Dollar so i think these are the 3 ingredients coming together you know this is our theory is like looking at these 3 theories together and perhaps this could explain right well you know so things go in cycles right things go in seasons were familiar with the seasons and then there are the cycles there as they can recall cycle as a 60 year cycle in economics theres the boom and bust cycle theres the 4th turning right so this is a book about cycles in American History that are roughly 70 years in length 80 years in length and that this 4th turning would be the beginning of a chaotic to mulch us period and it was foretold that in 2020 this would kick in so it was predicted and you know we on this show it in talk. About why in 2020 was beat cycle b.
We have seen some push pull here. Some of that weakness still russellg with the was 2000. 8 . 10year yields continuing to rise. Breaking out of what was earlier 82month trading range between 54 and 78 basis points. Now, incredible the break and we have seen the last two days. Further weakness in the bloomberg dollar index. We are back to weakness that we have not seen since march 11. You wonder how much of that is the feds continued stimulus into the markets. I want to talk about the data that make up this morning. U. S. Jobless data showed continuing claims failed to decline again and instead rose above the forecast of 20 million, to 21. 5 million. The market is reacting to the news as a cast doubt on the hopes of a strong economic rebound. For more, we are joined by nela richardson, edward jones senior strategist. This is one of the first times for the market that it is reacting to the poor Economic Data. Been in your opinion, has driving the weakness of today after what has been a s
Let us know what reopening looks like in your part of the country. If you are in eastern or central time zones, 202 7488000. If you are in the mountain or pacific time zones, it is 202 7488001. A special line throughout the morning for essential workers, 202 7488002. You can catch up with us on social media. Message,end us a text 202 7488003 is that number. Good monday morning to you. Here is the headline from the wall street journal last week. All 50 states have taken steps to reopen. Revivers hoping to economies. That is what we are going to talk about this morning, reopening, asking you what it looks like in your part of the country. Here is a map from the New York Times. That map, the blue states are the states in full reopening or partial phases of reopening. The striped blue and yellow lines are regional reopening scum and all states on that map in some process of reopening. , illinois, has had a stayathome order in effect since march 21. That is set to expire on may 29. We are t
Thank you for joining us demonstrators in the u. S. Have taken to the streets for the 8th night in a row many defied curfew was imposed in a number of cities but the protests were relatively calm compared to previous days the demonstrators are demanding an end to racism after a white Police Officer killed and on armed black man george floyd by kneeling on his neck the mother of floyds daughter made an emotional appeal to people in the u. S. A powerful symbol of loss but now without a father. This is what. He goes. Through. The day. They get him to be with a family. She on the does not have. Found the mother of George Floyds daughter calling for justice. And. Because i want justice. I want justice for him because he was good i the frustrated at the lack of accountability around Police Brutality grows all across the United States dozens of cities saw mostly Peaceful Demonstrations continue in violation of curfew orders. As long as i can remember there has been a systematic inequality in
Present and that could explain this what were seeing in the world over the past 1020 years and that is you have the 3 cities trap and we see that with this growing tension between the United States and china and the fact that we outsource all our jobs to china and the 3 cities trap is the tension that arises when a rise in power is about to usurp a declining power so we do see that around the world but at the same time just as like nobody the power whoever is the power the alpha super super imperial power they dont want to give up their power who wants to give up power right the same with on a generational scale were seeing so youre seeing what is called the 4th turning and this was written about back in 1901 they predicted actually in this theory that in the year 2020 that would be the year where it all adds together and they didnt even warn of this other bigger 4th turning coming with a 3 cities trap but here we have the generations e. And the end of the millennial displacing boomers