At their highest level ever. But the best trade may be emerging far away. The eem is far outpacing the s p 500 over the last three months a nosedive in the dollar it is at its lowest level since april 18 is it time to rotate out of the u. S. And look abroad for the next big trade, tim . It seems like it could be a rerun of creating a globe. These are dynamics we havent seen in a long time. If you look at where the dollar is if you are investing in emerging markets, the currency is at least 50 of your return profile and high yielding currency is a driver of this reality but its the turkish and african moneys the blowoff top was around 51. 75. I think you have rates moving higher, but normalizing. Normal high rates for em arent good if you look at the source trade and things moving around the world, some of this is about a global recovery. In some sense at least, the u. S. Dollar and rates will stay lower for longer and thats fantastic for the rest of the world. We may be in the depths o
Hello and welcome to crossfire all things are considered im Peter Lavelle this spiral downward depending on who you believe in the media the civil unrest in america is the result of systematic racism this explains protests and rioting but it does it the commanding heights controlling the Financial System media and the Business World are loath to admit it its the economy stupid for them race always trumps. To discuss this and more im joined by my guest Jason Nichols in able to consider. He is a professor of africanamerican studies and in new york we crossed to Margaret Kimberly she is the editor and senior columnist at the black gender report as well as the author of the book prejudicial black america and the president s are right process rules in effect that means you can jump in anytime you want and i always appreciate ok was 1st go to margaret here in my introduction i said that race always trumps class and if you look at Mainstream Media particularly the liberal media that is the me
Congress and the in action of a president the people that have the most money are protected and now we have this horrific death of george lloyd which i think it was very i was very pleased that there was a universal virtually universal reaction to this this is this was an atrocity but that seems so long ago when we think of the of the riots and continued protests and the actions of the president here but the messages are always on race and i think thats misguided because at the end of the day this is a class issue it always is a class go ahead. You know in the in the u. S. Race determine what class one is in we can theres no clean dividing line in this country and floyds death is something that happens every day to a black person by the way every day to 3 people in this country an average of 3 People Killed by the police. And racism is a big part of that so this story begins with racism and the racism thats practiced all the time mostly against black people but i think the reaction to
Thats misguided because at the end of the day this is a class issue it always is a class of go ahead well you know in the end you as a race determine what class one is in theres no clean dividing line in this country and floyds death is something that happens every day to a black person by the way every day to 3 people in this country an average of 3 People Killed by the police and racism is a big part of that so this story begins with racism and racism thats practiced all the time mostly against black people but i think the reaction to it as you say they were both in was universal and i think the protests obviously were sparked by his killing but i think they are sustained and growing because of anger about. Many things in this country people are suffering people are struggling it is something that is almost for been to talk about its not an issue in college 6 the Corporate Media doesnt say anything about it we already had an economy that was not doing as well as we were told when we
We actually are still in the middle of a pandemic. Tens of millions of people have lost their jobs weve seen acts of congress and the in action of a president the people that have the most money are protected and now we have this horrific death of george lloyd which i think it was very i was very pleased that there was a universal virtually universal reaction to this that this is this was an atrocity but that seems so long ago when we think of the of the riots and continued protests and the actions of the president here but that message is always on race and i think thats misguided because at the end of the day this is a class issue it always is a class go ahead. You know in the in the u. S. Race determine what class what is it we cant theres no clean dividing line in this country and floyds. Death is something that happens every day to a black person by the way every day to 3 people in this country an average of 3 People Killed by the police and racism is a big part of that so this st