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Today. Nice to see you in person for a change. I think people are predisposed to think of you as bearish. Why a bubble in the u. S. . Why this feeling now . Well, i think that we have to distinguish the different sectors in the u. S. The bubble is in the most popular stocks is making great companies. Amazon, netflix, so forth, but theyre highly priced and dont forget. October 99 to march 2000 the nasdaq 100 doubled and then it went down 70 . And navidia which is one of the millennials favorite stock declined in 2000 to 2002 by 95 . After 2007 it declined by 88 . I think we are in a financial bubble, not only stocks but also bonds and we have this liquidity bubble. I would rather invest in europe than the u. S. And where the economy is improving. Thats people think. In asia we have cheaper markets. If you look at the u. S. Market compared to other markets, it is at the highest level ever. If i say improving economy in the u. S. Thats what you say. I disagree. You dont agree . No. On wha ....
Good afternoon, everybody. Premium professor getting trade and investment policy here at the hum friday institute and school here at the university of minnesota. This is a special, special of our 20 years of seminars on global policy. The vietnam war was a series of event both domestic that ended the lives of millions of people and in that generation. Disputes have raged about every aspect of that war in the decade since it was over and they actually started before obviously. From time to time. And cant wait on the dispute involved. And thats what the seminar is about. And very fortunate to have with us to introduce today the students of the vietnam period my colleague professor paul stone of the Humphrey School and university of Minnesota Department of history. Ill introduce the speaker and handle the question and answer period following our pespeaker. Paul stone. [ a ....
Good afternoon, everybody. Premium professor getting trade and investment policy here at the hum friday institute and school here at the university of minnesota. This is a special, special of our 20 years of seminars on global policy. The vietnam war was a series of event both domestic that ended the lives of millions of people and in that generation. Disputes have raged about every aspect of that war in the decade since it was over and they actually started before obviously. From time to time. And cant wait on the dispute involved. And thats what the seminar is about. And very fortunate to have with us to introduce today the students of the vietnam period my colleague professor paul stone of the Humphrey School and university of Minnesota Department of history. Ill introduce the speaker and handle the question and answer period following our pespeaker. Paul stone. [ a ....
Good afternoon, everybody. Premium professor getting trade and investment policy here at the hum friday institute and school here at the university of minnesota. This is a special, special of our 20 years of seminars on global policy. The vietnam war was a series of event both domestic that ended the lives of millions of people and in that generation. Disputes have raged about every aspect of that war in the decade since it was over and they actually started before obviously. From time to time. And cant wait on the dispute involved. And thats what the seminar is about. And very fortunate to have with us to introduce today the students of the vietnam period my colleague professor paul stone of the Humphrey School and university of Minnesota Department of history. Ill introduce the speaker and handle the question and answer period following our pespeaker. Paul stone. [ a ....
Good afternoon, everybody. Premium professor getting trade and investment policy here at the hum friday institute and school here at the university of minnesota. This is a special, special of our 20 years of seminars on global policy. The vietnam war was a series of event both domestic that ended the lives of millions of people and in that generation. Disputes have raged about every aspect of that war in the decade since it was over and they actually started before obviously. From time to time. And cant wait on the dispute involved. And thats what the seminar is about. And very fortunate to have with us to introduce today the students of the vietnam period my colleague professor paul stone of the Humphrey School and university of Minnesota Department of history. Ill introduce the speaker and handle the question and answer period following our pespeaker. Paul stone. [ a ....