Socialism has come into the american mainstream for the first time in our countrys history. There has been socialist candidates but they were never in the mainstream. But now come in fact at a time when many thought socialism had collapsed at the end of the 20th century now suddenly it is back with a vengeance. Will not surprise there are a lot of books that take stock of this. By a large it is an appeal to history the idea socialism has never worked before certainly for not lack of being tried. The largest countries in the world russia and china and india so the issue is it didnt work before so it will not work now. But the problem with that argument the young people dont know that history and even those that do say listen we are trying a new form of socialism come its not authoritarian its democratic. Our model is not london or mao that scandinavia we like the way people live so why not that scandinavia model . We have new types of socialism. It isnt just grievances and gender grieva
Across stock economic recovery im joined by my guest Benjamin Cowen lubbock he is the director of the Free Market Institute professor of economics at Texas Tech University as well as a senior fellow with the independent institute and in los angeles we cross to he is an independent economic and geopolitical analyst as well as a former commodities trader all right gentlemen crossed up rules in effect that means you can jump in anytime you want and i was appreciating lets go to los angeles 1st here i said in my introduction i guess probably the most important question there is as we come out of this pandemic and its all going to be about the economy and its everything were going to think about for the next few months if not years is about recovery so infer a very simple question will it be a v. A you or an l go here well weve been in an l. Shaped depression since the 2008 financial crisis i mean only that true. He cannot make data on unemployment inflation g. D. P. And the like have been
The code in 1000 pandemic now the focus is on devastated economies were in a recession will it morph into a depression will the recovery be a huge. Or an l. Shaped across the uk economic recovery im joined by my guest Benjamin Cowen lubbock he is the director of the Free Market Institute professor of economics at Texas Tech University as well as a senior fellow with the independent institute and in los angeles we cross to blighty and he is an independent economic and geopolitical analyst as well as a former commodities trader all right gentlemen crossed up rules in effect that means you can jump in anytime you want and i was appreciated lets go to los angeles 1st here i said about my introduction i guess probably the most important question there is as we come out of this pandemic and its all going to be about the. I mean its everything were going to think about for the next few months if not years is about recovery so infer a very simple question will it be a v a you or in hell go ahe
Coded 1000 pandemic now the focus is on devastated economies were in a recession will it morph into a depression will the recovery be a u. Or an l. Shaped across uk economic recovery im joined by my guest Benjamin Cowen lubbock he is the director of the Free Market Institute professor of economics at Texas Tech University as well as a senior fellow with the independent institute and in los angeles we cross to blighty and he is an independent economic and geopolitical analyst as well as a former commodities trader all right gentlemen crossed up rules in effect that means you can jump in anytime you want and i was appreciated lets go to los angeles 1st here i said in back of my introduction i guess probably the most important question there is as we come out of this pandemic and. Its all going to be about the economy and its everything were going to think about for the next few months if not years is about recovery so infer a very simple question will it be a v a you or in hell go ahead
That the worst of this may be behind us. And they can start thinking about what the recovery is going to look like. Someet i know we have earnings coming out. Romaine travel companies will be reporting after the bell. On booking, what we are looking at, the g1 numbers coming in at 2. 29 revenue. That was the estimate for 2. 15. Well belowitda estimates. The estimate was for 363 million. So, no real forecast here. The company did say that covid19 would profoundly impact the travel industry. We will dig deeper to see if we can find a little bit more about any Forward Guidance for the company, basically saying they would emerge from the crisis in a position of strength. Scarlet right now, this is something that all companies are open for, to come out in a position of strength. For we go, i want to get an idea from you. This is something that Joe Weisenthal posited this morning. How much do you think this equity market rally has been premised on the idea that there will be more stimulus, a