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Clouds. Thats not something we have said most of this week. Its been a really unseasonably strong system to come in. 50s for temps. Remember monday with 30s and 20s . Well have some high clouds but i think a lot of those are clearing the area, allowing High Pressure to build in and bush off this cloud deck sooner. We had some rain earlier but looks like everything is about done here, except in Southern California, where they are getting the rain and snow there. For us today, temps are near or a little above average. Sal is here now to see if anything is going on. We have a crash right now, steve, and traffic is going to be a little slow in this area because of this crash we saw with a medic and Fire Department. Montague expressway at dela cruz, this involves a couple different cars. Also two medics called for trauma ....
Report straight ahead stay with us. This is the kaiser a party of all or that expression if you find yourself in a hole stop digging sounds logical right now for one particular industry. Well thing indeed in fact there are 2 industries and weve talked about them often thats the Tech Industry we have the tech bubble 2. 00 with we were left peloton all of those sort of companies and we have the fracking one and thats important for this 1st headline for wall street dot com because he looks at all these bubbles going on what he says is heres what im worried about with the everything bubble how cash burn machines power the real economy and what happens to the economy when investors refuse to have more of their cash burned so he calls it the cash burn machines these are investors willing to just keep throwing money into ever losing operations we work. Of course theyve been losing money for 10 years or less in the case of we work but they ....
Its a beautiful thing because it doesnt cost anything you can get all the cash you want from the central bank for free they give it they give you trillions and trillions of dollars if youre a friend of theirs you get to burn a trillion and you keep a 1000000000 thats the deal so lets say Hillary ClintonsForeign Policy for example they government gives her a few trillion dollars she burns countries down but she gets a 1000000000. 00 in fees thats true of hedge funds as true of private equity funds they get trillions of dollars from the central bank they burn everything down their arsonists but they get to keep a nice a souvenir like a 1000000000. 00 like mitt romney is a good example of somebody who made a business out of this and eventually you run out of the free money runs out in the case of venezuela for example this is a true fact they actually ran out of ink to print ....
Example they government gives her a few trillion dollars she burns countries down but she gets a 1000000000. 00 in fees thats true of hedge funds as true of private equity funds they get trillions of dollars from the central bank they burn everything down their arsonists but they get to keep a nice a souvenir like a 1000000000. 00 mitt romney is a good example somebody who made a business out of this and eventually you run out of the free money runs out in the case of venezuela for example this is a true fact they actually ran out of ink to print the money that they were burning. That was the end of that weve seen over the past 3040 years Interest Rates have been declining and declining and declining and declining so theyre always able to roll it over and sell it to another chump because theres always another chump at the end of a declining Interest Rate curve so however what ....
Investors otherwise known as a ponzi scheme or a pyramid scheme this is essentially was driving the economy is burning cash yeah its a beautiful thing because it doesnt cost anything and you can get all the cash you want from the central bank for free they give it they give you trillions and trillions of dollars if youre a friend of theirs you get to burn a trillion and you keep a 1000000000 thats the deal so lets say Hillary ClintonsForeign Policy for example they government gives her a few trillion dollars she burns countries down but she gets a 1000000000. 00 in fees thats true of hedge funds as true of private equity funds they get trillions of dollars from the central bank they burn everything down their arsonists but they get to keep a nice a souvenir like a 1000000000 dollars mitt romney is a good example of somebody who made a business out of this and eventually th ....