Economic update so professor the market has just kind of shrugged off this entire conflict between iran and the u. S. Its now hitting all time highs and essentially concluding that honor has been served in the middle east and everyone can move along now what do you think is this really over or is merely a teaser and the other shoe just hasnt dropped yet. You know its a complicated story on the one hand the markets are right of course this was see it or it was see it or on new years to assassinate a foreign general when he is leave it in his own country a person who has that an adversary for a long a person carrying a diplomatic passport which means you can give his car a ticket let alone kill him a very bizarre action and the world looks at this as a kind of roll Good Behavior which is the truth everywhere except in the media. Year on the other hand the iranians having to look like theyre doing something in response send missiles that dont get to the target theyre ostensibly aimed at s
A board on the ground to catch us up on the floor of the shield and just how far a i have were filled to the brim with some very important stories so lets dive right in. Following irans missile strike on the bases in iraq that house u. S. And u. K. Troops markets initially dropped while oil spite but quickly retraced back to even as details emerged the pentagon later confirmed that iran launch more than a dozen missiles against u. S. Military forces in iraq but so far there were no reports of casualties the attack did not target any Oil Infrastructure which was a major point of concern for Global Markets in fact the nasdaq rallied to new record highs wednesday following the attack as it was highly asian was less than feared while crude oil retreated down 2 percent President Trump addressed the spikes wednesday morning in washington our Great American forces are prepared for anything iran appears to be standing down. Which is a good thing for all parties concerned and a very good thing
Did not target any Oil Infrastructure which was a major point of concern for Global Markets in fact the nasdaq rallied to new record highs wednesday following the attack as a was highly asian was less than feared while crude oil retreated down 2 percent President Trump addressed the spikes wednesday morning in washington our Great American forces are prepared for anything iran appears to be standing down which is a good thing for all parties concerned and a very good thing for the world as we continue to evaluate options in response to a rain in aggression the United States will immediately impose additional punishing economic sanctions on the iranian regime. Investors are relieved and many analysts interpret the strike as iran lashing out but not for escalating the situation tensions are likely to continue but Current Base Case scenario does not assume a broader military conflict so while the market has bounced back and the vix is low indicating that fear has subsided has the entire t
Will go back to the auditorium at the Cato Institute for the 2019 cato surveillance conference. Senior fellow, thank you both to those watching at home for joining us. As i mentioned at the start of the conference we focused on issues of surveillance oversight and this years conference or this morning you heard about an array of institutions and entities and persons who work to oversee the secret use of intelligence collection. This ranges from the pfizer court to the inspectors general to government, billy office to the Intelligence Committee of congress and one of the newer and in many ways most publicly useful entities overseen the Intelligence Committee is the piracy and Civil Liberties oversight board. Its a number of valuable reports that have given us unique insights into the programs weve heard discussed earlier such as section 702 and section 215 the authority used for the phone records collection program. Im sure it will be a fascinating discussion so i will pass it off to ou
Julian welcome back to the Cato Institute for the 2019 cato surveillance conference. I remain senior fellow julian sanchez. Thank you to those present and those watching at home for joining us. As i mentioned at the start of the conference, we focused on issues of surveillance oversight at this years conference. This morning, you heard about an array of institutions that work to oversee the secret you seven the secret use of intelligence collection ranging from the fisa court to the inspectors general to the Government Accountability office to the Intelligence Committee of congress and one of the newer and in many ways most publicly useful entities overseeing the Intelligence Community is the privacy and Civil Liberties oversight, which has produced a number of valuable reports that have given us unique insight into some of the programs that were discussed earlier, like section 215, the authority used for the phone records collection. What im sure will be a fascinating discussion, i wi