captions copyright national cable satellite corp. 2008 for years now, it s been assumed that america s destiny was to be overtaken by china as the world s largest economy, and that may still happen, but actually it s china s economy that now seems under pressure in the face of robust american efforts to stop china taking advantage of the free trade that it never practices itself. the people who know china best, the rich china, can t wait to get their money out and their kids educated in the west and the people of hong kong who are risking bloody repression of support of their british heritage don t trust the goodwill or longevity of the communist regime. for years it s been assumed that globalization under pinned by free trade was unstoppable and unambiguously good. even though it was much more obviously good for the rich people of poor countries than for the poor people of rich ones. yet trump s tariff hikes against china seem to be bringing more investment dollars h
return to major cities to go back to work slowly to start using public transport so the number could spike of the next few days and we do have to watch that closely and at the same time the chinese government have continued to implement stricter measures even to prevent the spread of this new current virus we know and who pay for example over the weekend they banned any vehicles from being on the streets that were non-essential be also they ve sealed off many residential compounds in who base specially but also outside of cuban places like they doing residential compounds have one strict entrance which residents can go in and out of if you don t live there you may not be able to enter they take your temperature they ask you where you ve been in fact everywhere you go in cities even in beijing miles away of from who pay if you enter an office building a shop they take your temperature they take your details and still public. major public gatherings are prevented parents are of
which followed only 10 years after this you can trade an option that has no intrinsic value at all it just has implied value based on. time to time value plus. the volatility or beta so if you have been on a stock and the option is the buy the stock in the 6 months in the future and the underlying stock goes up and down a lot then you have an implied value for that option and so it s a way to price risk but the way to price risk is the need to know time time best have value time has to use the and align prevailing interest rate to establish a baseline of the value of time from now on the curve from short to long so if you re negative as we ve said before you have. no value of time as a matter of fact time as a negative value i have often quipped that negative interest rates are a way for goldman sachs to go backwards in time and steal from clients in the past you know having looted all their current clients and future clients they need to go backwards in time so negative inte
been on a stock and the option is the buy the stock in the 6 months in the future and the underlying stock goes up and down a lot then you have an implied value for that option and so it s a way to price risk but the way to price risk is the need to know time time best have value time has to use the and align prevailing interest rate to establish a baseline of the value of time from now on the curve from short to long so if you re negative as we ve said before you have no value of time as a matter of fact time as a negative value i have often quipped that negative interest rates are a way for goldman sachs to go backwards in time and steal from clients in the past you know having looted all their current clients and future clients they need to go backwards in time so negative into. give the opportunity to commit crimes in the previous decades but put in the time machine aside. the negative rates to make the entire proposition financialization moot because without a baseline t
been on a stock and the option is the buy the stock in the 6 months in the future and the underlying stock goes up and down a lot then you have an implied value for that option right and so it s a way to price risk but the way to price risk is the need to know time time best have value time has to use the and align prevailing interest rate to establish a baseline of the value of time from now on the curve from short to long so if you re negative as we ve said before you have no value of time as a matter of fact time as a negative value i have often quipped that negative interest rates are a way for goldman sachs to go backwards in time and steal from clients in the past you know having looted all their current clients and future clients they need to go backwards in time so negative interest rates give the opportunity to commit crimes in the previous decades but putting that time machine aside. the negative rates make the entire proposition financialization moot because withou