And its rare that someone can be converted over tO Thinking the other way by a reason or well put together constructive argument. And that will certainly be the case here. This is really Joe Biden saying tO Those who may be undecided. Look, its better to be about dennis done, and its cheaper to be about getting this done. Then it is safer for american service, men and women to be about get this done rather than in. And at some point the decision had to be made given a deal was already done. And he made reference tO That deal that the Trump Administration had done with the taliban. Who said, look, there was a deal done. And this is true, there was a deal done with the taliban. That said, we will pull the american troops by this date. And that with me the 31st, but there was nothing in that deal that said the taliban, by that date, had to be involved in a Coalition Government with the existing afghan government or a government of national unity. There was nO Term put tO The taliban. That
Its a little over an hour. Welcome, everyone, as the commemoration of Alexander Hamilton continues, im president of the museum of the american finance. Our partner is Alexander Hamilton Awareness Society an organization you turn to for all things hamiltonian we welcome in their leadership. Mike youthon our founder and former Board Chair john herzog. And south has amazing Alexander Hamilton documents to check out afterwards. Of course cspan audience. 20 years ago our Board Chair wrote me a note that started with the words a stroke of luck. What he was referring to he had been introduced to a Soony Buffalo Phd candidate who was interested in Alexander Hamilton and early financial history. This was well below the show, there were few of us like dig and myself doing a deeper dive on the financial aspects of his vision. Our first look at bob was his phd thesis, 1300 pages. That is staggering. To put that in perspective. My was 300 his is 1,000 more. It led to the first equip about bob from
What a 24 hours its been. One of the headlines i take from today is what this all means for where we may be going from here. Jp morgan comes on the show raises the Year End Target not cuts raises to 4,600 from 44 said they remain constructive and equities see the latest round in Growth And Slowdown fears both premature and overblown. Is he write . How do you see it. Well, i dont know if he is right. I hope he is and i admire his timing. Its coming at a moment where a lot of people have flipped from bullish to bearish because of one rough day in the market. But im not surprised at all thats the environment we soo that all the time people spend way too much attention focused on what they see in a given Day Or Week and extrapolate the worstcase scenarios. And thats why i have a job quite frankly. Because we go the opposite Way Snp i tried not to watch or listen to media yesterday. The S P 500 at the low point was 3. 6 off an alltime record high, completely fine and absolutely normal. You
International investor, Jim Rogers argue that there is cause for concern, and the governments continued claim that inflation will only be transitory, should not be taken a Base Value for michelle should degrees from to fancy, i believe universities. And so shes certainly are educated, smart woman. So she says everything is okay, you dont have to, were not going to have economic problems again because washington have solve the problem throughout history all over the world. We have had recurring economic problems, whether we like it or not. It would be wonderful to people in Washington Dc of now solve our problems forever. I am dubious and skeptical and history would indicate that despite her Ivy League degrees, theyre going to be problems again. Learning us now to go further end up on this is jeffery Chapter Contributor with real clear markets. Now jeffrey, we keep hearing from the government that Inflation Wont be around for a long, but then they say it will get worse, but it still won
Time to get you brought up to speed on the morning level. Use headlines. Join us again. That the welcome back to Kaiser Report. I Max Kaiser and Stacy Herbert with another special episode. Summer Solutions Today were talking with John Robina of Dollar Collapse Dot com. Stacy right. 2021 has been the year of the i word inflation. Even the central bank is mentioning inflation. Is it transitory . However, as the central bank is arguing, or are we going to see something worse coming forward in the next year or 2 . Yeah, we have inflation all of a sudden after what, 2 decades of 0 inflation and all of a sudden were at 4 or 56 percent depending on the the measure use. And the interesting thing about this version of inflation is there are a lot of cross currents, you know, there are a lot of what they call base effects where we had kind of deflation at the beginning of the panoramic. And so the year over a year comparisons are exaggerated by the really low numbers back that and but then weve