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Business economics, its two hours 15 minutes. Thank you everybody for joining us this morning over coffee. The opening session of the policy conference, i am the director of the center of the National Independent business. And i am delighted to introduce the vice chair of the white House Counsel of Economic Advisor. Preparing for the session i found that we have a foundational commonality and he is originally from sweden, im originally from minnesota, the land of american. He stopped a bit short of the minnesota border and currently on leave from the university of chicago where he is the professor of Public Policy studies at the University School of Pu ....
Director of the center of the National Independent business. And i am delighted to introduce the vice chair of the white House Counsel of Economic Advisor. Preparing for the session i found that we have a foundational commonality and he is originally from sweden, im originally from minnesota, the land of american. He stopped a bit short of the minnesota border and currently on leave from the university of chicago where he is the professor of Public Policy studies at the University School of Public Policy. In the Freedman Institute program on research and healthcare markets and policies wit ....
Any precipitous policy, at least not at the present time. How much more shock can this market take before theres longterm effects on the economy . What do you think . Look, the market the markets had a shortrun correction, and i guess its 10 or 11 or something. Weve been through this many, many times before. And i dont think even though its frontpage story and nobody likes to see their asset values go down, i just dont think at this point its going to have much of an impact. I will qualify that, depends how long this lasts, how deep it goes, but i could cite a number of historical experiences. The one i remember the most, i was a cub scout way back when, and i remember the 1987 market crash and i remember president reagan going out and saying the economic v economy is fundamentally sound, and it actually grew by 3 or 4 in the next couple years after this crash. President trump said it in this room two nights ago, we just think the economy is sound, and therefore i just dont think this ....
Im not saying the market is wrong, it is what it is. You know, youve got millions of people trading all around the world. I just think everybody, whether youre an investor or whether youre, you know, ordinary, main street person, people should not overreact. Thats an important thing, to not overreact. This is in america we have an incredible Strong Public Health stu the d as i said to president has taken rapid fire, unprecedented actions to help protect in the event of emergency or, you know, further deterioration. I think these are very good things. Very constructive things. Reporter numbers on wall street for several days that the president would consider more extreme measures to respond, potentially even up to suspending the tariff on china as one emergency measure due to the virus. Is he considering that or any other measures . Mr. Kramer theres nothing definite i can report. Theres a lot of conversations in and out of t ....
60 of the 900,000 people are trapped in the region. We begin in iran, where parliamentary elections are underway, with numerous moderate would be candidates banned from running, the poll is predicted to result in a more hardline parliament, loyal to the countrys Supreme Leader. Turnout is seen as critical as critics of the regime are being urged to boycott the vote. Reformistssts want to introduce ideas of western regimes and implement that here. I dont like that at all. Fromhave been banned standing as candidates and i am delighted about that. I have never voted and i am not going to vote. Nothing is going to get better. The situation is getting worse, every day. Life has become very hard in iran. People are starving. How do you expect them to vote . They are fed up. Corruption. Much we cannot take it anymore. Lets go to james andre, who is in front of a polling station in tehran. You have visited quite a few polling stations thi ....