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I think it is important to separate the dollar, which is the medium of exchange from and the global reserve currency. and i think it will remain the global reserve currency fromserve curr what has been sie nineteen seventy one , the primary reserv1 the primaref the world, which are treasury. bonds and the way the system bac has basically worked since nineteen seventy one , and in particular since post-8 eighty two , is that we have.s.e subjugated the u.s. defense industrial base, the u.s. middle and working classes to support the value of a realggest d market on basis, because our biggest export were treasury bonds. great for wall street ,ts, thal it was great for washington bureaucrats. that s that s what we export it. that system made sense. it quite frankly, from seventy one to eighty nine , it was critical in helping us win the cold war. it was a big deal . ....
Very different against russia will be the last war we canfigh afford to fight. lou gruman is an economist. he joins us now. thanks so much for coming on . this seems to be happening kindh of right in front ofo us for those who are paying attention. butdon t yo i don t hear anyy talking about it. and i wonder why. is not a yeah, there there s not a whole lot of talking about it outside of the of the nicheet wall street community. there s there communs some chat. about it there, but there s not been a lot of talk about ultimately what i think wasinani one of the biggest moments inn finance and in the global economy. since closin since nixon closed the gold window in nineteen seventy one , which wa s what you mentioned before, which was the u.s. freezing russian efax reserves last spring.ally i so basically that was saying those are us dollars.d we printed those dollars. he pel and even though there s been no court case and the people who own those dollars have not been implicated ....
SPAR Group, Inc. (NASDAQ:NASDAQ:SGRP) Q3 2022 Earnings Conference Call November 14, 2022 10:00 am ET Corporate Participants Phillip Kupper - Three Part Advisors Mike Matacunas - Chief. ....
The wall street community fears that another .75 hike next month and more after that. the inflationary environment gets disturbance turning here after four straight weeks of advances that were stopped last week. not a great start to this week. more on that in just a minute. now there s this. say it ant so, joe? bill clinton s treasury secretary warned president biden against extending the moratorium on student loan payments. larry summers says inflation will get worse for everybody else because of it. hillary vaughn on why the administration seems to be hinting in this case. no, he s not. why our professor tells us, oh, yes he is. welcome. i m neil cavuto. i want to go to hillary vaughn on what could be coming in days. hillary, what are you hearing? president biden is keeping ....
Actually held china s feet to the fire, the president is doing that, sending our team over there to discuss economy and try to get something done and we expect in this new year that we come to some type of an agreement when trade deal with china so that both countries can benefit and we as americans stop getting taken advantage of by foreign nations. sandra: before i go, said something that really stuck out to the wall street community, set a heck of a lot of u.s. companies that have sales in china are going to watch their earnings downgraded until they get a deal. does the president agree with that comment, is that really the forecast from the white house? i haven t talked to the president about that comment specifically but we were talking about today is a great economy is this country is experiencing for the first time in eight years because of a failed policies of barack obama, the fundamentals of the economy are strong, we are moving forward in a way that no one thought possib ....