Welcome thanks for having me no one gives an introduction like kaiser report thanks max well it well deserved now the front page of the economist magazine says free money in one month the United States printed more money than it had in 200 years how much longer can this money printer go burb before the whole thing collapses well thats the debate this going to be had right now so you all of a sudden as i say we talked about missing 2010 she of money is ruined so you might as well have the governments critics as much of it as a lawyer and going to a competing money supply came along right because i mean so now youve got these 3 different forms of competing money coming along youve caught more modern money tree theory whereby the governments just crazy creates all the money youve got the middle system which is what weve had for the last decades which is fractional reserve banking where the banks kr. Privately yes like a hybrid caused by cops and this free market stroke crony capitalist re
Case against him to be dropped. Those are your headlines my colleague your heart will be here in an hours time with another look at the headlines i want to argue International Stay with us. The low end welcome to cross top where all things are considered on people about economics is called the dismal science for reason it is often imprecise and almost always open to see what you want to see in many ways economics remains in our however the Economic Situation sets us all know is much more than about our its about the way we. Will live for this foreseeable future are we witnessing a recovery if so what kind of. Discussing the economy and more im joined by my guest daniela de Martino Bucci is an daoist she is the c. E. O. And chief strategist for Quill Intelligence a research and a linux firm she is also the author of fed up an insiders take on why the Federal Reserve is bad for america as well as they call mr Bloomberg View and in new york we cross to marshall are actually is a Research
A covert 1000 patients. Today im pleased to make a truly historic announcement in our battle against the china virus that will save countless lives the f. D. A. Has issued an emergency use. Authorization and thats such a powerful term emergency use authorization for a treatment known as convalescent plasma. This is a. Powerful therapy that trance uses very very strong antibodies from the blood of recovered patients to help treat patients battling a current infection set an incredible rate of success todays action will dramatically expand access to this treatment now this comes one day after President Trump took to twitter and flan the f. D. A. For making it very difficult for Drug Companies to get people in order to test the vaccines and therapeutics of flu Drug Administration chief steven hahn he said this type of plan its been used with Infectious Diseases for years now. So plasma is the liquid portion of the blood that liquid portion contains the Natural Immunity that someone develo
The nasdaq on track for a 5th week worth of gains here and the dow is erasing its losses for all the year at its highest level since late february, its also having its bests august since 1984. We turn to the Investment Committee for this we have just been seeing green, green, green for it seems like weeks, if not nonts months at this point it is surprising the markets have marched higher the way they have over the last several months since the pandemic lows its not all surprising all the factors were looking at from the fiscal side, the monetary side and the virus side are lining up in support of equity just think about what happened with chair powell yesterday and the historic announcement he made about departure from the prior inflation targeting regimes to this averaging inflation concept. What does that mean . That means rate will be low, low, low for the foreseeable future we think thats two years from now. That is very support ifr five f valuations then you have this fiscal stimu
Ride to the rescue and do things that its never done such as get into the high yield bond market and rescue companies that have been downgraded which is set off what we call animal spirits the likes of which weve never seen now we have individual that does this smallest of Retail Investors pumping up things like insolvent companies such as j. C. Penney and hertz that have actually declared bankruptcy filed for chapter 11 and yet investors in general are so convinced that because of the feds extraordinary actions to contain the al fall of the credit market of the credit bubble bursting that the fed no matter what happens is going to have their back with i mean thats like the fed choosing winners i mean is that really healthy for the economy because it again thats kind of an evolution i mean thats a choice its not really Market Forces as were always told to worship here i find. Really quite bewildering and what is the doing if youre buying Corporate Bonds i mean this is this is its not c