Article about midwest cities trying to adjust to a more hightech future as part of our spotlight on magazine series. Thank you for joining us today. Good morning. Host we have heard the phrase rustbelt to represent these industrial towns across the midwest. Why are they now being called the brain belt . Guest the rust belt dates back to around the early 1980s. The rust belt has been hanging over some of these towns or cities for a while now. The idea of having to reinvent themselves is a long time coming. I think what we are hearing now is if you things. Sense that the United States is still a major manufacturer, but it will not be making the same things going forward. So the loss of certain types of manufactured goods to china or asia or anywhere else is being replaced by other goods, which tend to be higher tech, more advanced techniques, and require different skill sets to produce. So we see a shift across the country. In terms of the rust belt itself, you do still have a core of ma
Article about midwest cities trying to adjust to a more hightech future as part of our spotlight on magazine series. Thank you for joining us today. Good morning. Host we have heard the phrase rustbelt to represent these industrial towns across the midwest. Why are they now being called the brain belt . Guest the rust belt dates back to around the early 1980s. The rust belt has been hanging over some of these towns or cities for a while now. The idea of having to reinvent themselves is a long time coming. I think what we are hearing now is if you things. Sense that the United States is still a major manufacturer, but it will not be making the same things going forward. So the loss of certain types of manufactured goods to china or asia or anywhere else is being replaced by other goods, which tend to be higher tech, more advanced techniques, and require different skill sets to produce. So we see a shift across the country. In terms of the rust belt itself, you do still have a core of ma
Its got to give at some point. It does give. That is running out of steam. The dollar rise and the basically the bond selloff. You think thats going to run its course . I do. I think were still going to be anchored to europe, scott, and i think theyre going to be providing an awful lot of stimulus over there. Pushing on rates still. This is what draghi said. Im telling you what he said. He has put that trillion dollars where his mouth is. He will continue to put the additional 700 billion that he has potentially there. I think those are catalysts for lower rates over there. Weiss, im talking about over here, doc. You know, were anchored to that. How are we going to run from 240 up to 300 on the tenyear. We already are on their way up there. Tenyear yields up 65 basis points in a month. Are we going to continue that rise . Thats your question. Isnt it . Yeah. If its going to cause the stock market to wilt. Do you we agree or disagree . Partly. Im trying to be nice before the holiday. Go
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