Observed to show that you know most people on bloomberg and c. And b. C. Will tell you we want lower Interest Rates this is great for the ordinary american right most americans live paycheck to paycheck no matter how much you earn getting by is still a struggle for most people these days 78 percent of full time workers said they live paycheck to paycheck from 75 percent last year according to a recent report from Career Builder overall 71 percent of all u. S. Workers said they are now in debt up from 68 percent a year ago so you see debt piles are climbing. Of course this is what the fed wants with the lowering rates they want the ordinary american to cripple themselves with debt to make themselves have fewer choices in life because youve got to get that paycheck to meet the minimum payment on your Credit Card Debt right so 40 years ago the. Transition from industrialization to financialization so people had jobs and the economy reflected a workforce that would earn discretionary capit
Bankers to meet when the markets arevolatile, trade tensions are heightened, the Global Economy is slowing, theond market i flashing a warning sign, and theres a lot of uncertain over Interest Rate policy. But thats exactly what is happening in h jacksone, wyoming, and the stakes are high. This annual gathering of federal officials is turning into onef the mostanticipated of all, especially given the deep divisions among policymakers. Steve liesman is there. Reporter as the fed gathers in the shaw of the Teton Mountains for the annual jackson holeeeting, the first officials to speak didnt tell the markets what they wanted to hear about the need for deep Interest Rates cs in the months ahead. I didnt think the cut was propriate necessarily but i went along with it to get back to neutral, but my forecast i ju to hold. My sense was weve added accommodation. Right. And it wasnt req in my view. I think were g in aood place relative to the manda were asked to achieve. Reporter the fed presid
And a triple threat to middle east tensions as israel carries out an airstrike against iranian troops in syria just days after a suspected israeli drone attacks in iraq. You want to know and he is in the studio next hour with a closer look at todays top stories but right now it is time for your board and. Welcome. Guys or didnt know that they are the stories. We listen to you. I like that all right. Yes we cover many headlines on Keiser Report and port dot com you can find links to the headlines i get asked that all of the time and for example heres our 1st chart why we are likely to see a 4 decade bull market in bonds like this ever again and thats 40 years of ever declining yields ever rising bond prices well thats my life you know i started on wall street 40 years ago and been living the luxury of life of ever cheaper money ever since literally not having to work a day in my life because the assets bought it 40 years ago gone straight up. And its gone up every year since then just a
Theres not much industry left here so what if weve been building more piles of debt and im going to turn to some of these headlines for the past week that ive observed to show that you know most people on bloomberg and c. And b. C. Will tell you we want lower Interest Rates this is great for the ordinary american right most americans live paycheck to paycheck no matter how much you earn getting by is still a struggle for most people these days 78 percent of full time workers said they live paycheck to paycheck from 75 percent last year according to a recent report from Career Builder overall 71 percent of all u. S. Workers said they are now in debt up from 68 percent a year ago so you see debt piles are climbing. Of course this is what the fed wants with the lowering rates they want the ordinary american to cripple themselves with debt to make. Themselves have fewer choices in life because youve got to get that paycheck to meet the minimum payment on your Credit Card Debt right so 40 y
Right most americans live paycheck to paycheck no matter how much you earn getting by a still a struggle for most people these days 78 percent of full time workers said they live paycheck to paycheck from 75 percent last year according to a recent report from Career Builder overall 71 percent of all u. S. Workers said they are now in debt up from 68 percent a year ago so you see debt piles are climbing. Of course this is what the fed wants with the lowering rates they want the ordinary american to cripple themselves with debt to make themselves have fewer choices in life because youve got to get that paycheck to meet the minimum payment on your Credit Card Debt right so 40 years ago the transition from industrialization to financialization so people have jobs and the economy reflected a workforce. Would earn discretionary capital that they would spend on consumer goods that were made in america then you want to financialization all the jobs one overseas is outside of the guys states an