It ok because i hear more and more top read more and more about a cave recovery and that is that in michigan a defeat in my in my opinion because it means the if you have the k. Its the the leg of the k. Youve given up on ok because the other part. Of the economy its true because its that in their benefit here i really worry when people talk about new normals and when they talk about the economy youre my friend well who has become normal since 2008 has been completely different from the old normal people have the normal youre go back to a balance but really the economy hasnt grown at all since the 2008 crisis all of the growth in g. D. P. All of the growth in wealth has accrued to the Financial Sector to the real estate sector to the one percent for the 99 percent oh theyve gone down and down and down so the new normal is you cant get rich again by hanging out. And joining the middle class like you goes through the new normal has all of the year increase in wages in service in rents an
Hello and welcome to cross talk were all things are considered im Peter Lavelle it remains unclear who will be the occupant in the white house this january what can be easily predicted is the state of the economy where tens of millions of citizens it appears what is called the case shaped recovery is permanently dividing the country and the house and the have nots and this seems to be acceptable for those who are the outs. To discuss this and more im joined by my guest Michael Hudson in new york is a professor of economics at the university of missouri kansas city and author of through give them their debts and in bangkok were joined by steve keen hes a crowdfunding professor of economics on a tree on as well as a distinguished research. Fellow of the institute for strategy resilience and security of University College london originally crossed up rules in effect that means you can jump in anytime you want and i always appreciate it ok let me go to michael in new york you know this jus
In the Central Asian state has left hundreds injured. In just a few moments time that back in an hours time voted to bring you the latest global news update will see you again. Hello and welcome to cross talk where all things are considered im Peter Lavelle it remains unclear who will be the occupant in the white house this january what can be easily predicted is the state of the economy where tens of millions of citizens it appears what is called the case shaped recovery is permanently dividing the country and the house and have nots and this is. Seems to be acceptable for those who are the house. To discuss this and more im joined by my guest Michael Hudson in new york he is a professor of economics at the university of missouri kansas city and author of through give them their debts and in bangkok were joined by steve keen hes a crowdfunding professor of economics on a tree on as well as a distinguished Research Fellow of the institute for strategy resilience and security of Univers
This second half rally continue . Then a stimulus stalemate the latest from washington as both pelosi and mnuchin talk covid relief. And later its been one of the biggest winners of the pandemic, why peloton is getting a new street high price target over at jpmorgan its actually not a bad place to start right there, guys, because for the second day in a row, david, we have had some analysts raising targets even on names that they maintain at neutral, today its b of a which yesterday kept apple at a neutral, they upped their target acknowledging moment tim today they do the same thing with tesla, this Equity Funding will fulfill growth and their price objective goes to 500 plus yeah. Listen, every day brings more things that for me are reminiscent of the late 90s its hard to avoid it. I made some comparisons yesterday, many High Quality Companies of course are getting the fuel this time as opposed to what was a broader spectrum of companies perhaps at much higher multiples, many of whic
Recognizeey i myself. The warnings we had and decisions made about the most recent worldwide Intelligence Committee in january of 2019, and i quote, the United States and the world will remain vulnerable to the next pandemic where large scale outbreak of contagious disease that could lead to massive rates of death and disability, severely affect the world economy, strain international resources, and increase calls from the United States for support. We must ask ourselves what are the warnings are going unheeded, and what can we do right now to protect the American People from other threats . Before the unthinkable happens in the future, how can we exercise strategic and precisive foresight to the best of our ability today to ensure are a nation prepared for tomorrow . That same worldwide threat assessment Cyber Attacks is a top global threat with china, russia, iran, and north korea, raging a silent war capable of shutting down with such Information Systems and critical jeopardizing cr