Comments
Transcript
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BBI'd have to agree with some of the prior comments. I'd also add if you going to talk about covid disproportionately affecting certain groups of people, than you should also address how widespread rioting contributed to the spike in covid among those groups. The rioting will also cause wealthy people (and their tax dollars) to leave cities for suburbs and rural areas where their property and lives aren't put at risk every time a police officer uses excessive force.
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JDReal Vision? More like East Coast Liberal elite Keynesian apologist vision. Having 2 people echo chamber a one sided discussion back and forth is boring. "The government throwing people out of their homes during a pandemic" literally what? Somebody hire comrade Ed to centrally plan this economy so we can get out of this mess. Oh wait maybe he will make hiring people illegal, lol.
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JDIs robust evictions a policy error or culture error. People have not saved enough for a very long time. But, the fed has kept rates down for too long and encouraged too much spending.
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ACHmmm wonder why we became the richest country in the world since thats your excuse for violating all principles that lead us to being the riches: Respect of private property by the state Small government Individual responsibility Strong family and community social net What you ask for is bigger government, less individual responsibility cuz you know who saves? Respect contracts and property hahah no cuz we are riches country and dont need that....its a rabbit hole and there is bo end going down that path
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ACI'm definitely here for the drama around the Microphone. Love the content (seriously) but the constant prodding by Ed about the gaming mic is a reliably fun bit that is only outclassed by Ash's suppressed reaction and seeming irritation. Today it finally climaxed into a big passive aggressive move by Ash to position the Mic nearly front and center begging Ed and the viewers to lose their minds. Ed, please respond by positioning the Orchid in front of your face in the next DB.
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JGSteve Keen is another resource for MMT conversations. I agree with his critique that MMT's primary confusion is with the import- export aspect of the system. She seemed to switch from financial considerations, such as GDP and liquidity, to the actual products imported and exported. A Kelton-Keen conversation would reap a rich harvest, I think.
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PLThese cross-content recaps are great!
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PCI think we should stop believing that cases can go up or stay at a high level while deaths go down or stay low. We are at a point where the number of deaths from the new hotspots is compensating those of the old hotspots (NY, NJ etc). Casualties will start to go up. At the same time, the average age of new cases is rising (from around 30 to 40) and basically the growth rate of all age groups (even of those +75) starts to converge. Check out Jens Nordvig of Exante Data on twitter. It is no surprise to me. How can you protect the middle age and elderly if young people still living with their parents catch it, most of the case without knowing? How do you ensure social distancing in shops, post offices, pharmacies etc, from a large cohort of young, infected people with many not wearing a mask at all? Add to this the impact of badly ventilated and airconditioned rooms at home or in shops and you setup an environtment that ensures virus spreading to all age groups no matter how good the elderly try to protect themselves by wearing a mask and keeping some distance. My conclusion is that CFR will go back to its average of around 4% within 3-4 weeks and if the number of cases does not drop dramatically soon, the death count will be around 2000-3000 per day.
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jRIt’s a policy error when people get evicted? Ok Bernie!
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CAInteresting point on evictions as a sign post as to where the market is. I wonder if it is as binary as 'no rent paid, therefore evicted.' Obviously it's location dependent, but the picture is probably more nuanced comprising of tenants who can't afford any rent (so therefore evicted), and tenants who can afford, say 60% of rent, and landlords reluctantly accepting a 40% haircut because they realise the costs (and hassle) of having an empty property. If the balance in the rental market falls more into this latter scenario, i.e. landlords taking haircuts, evictions may not be as high as some believe. Of course, this may just end up passing the buck and squeeze landlords' loan obligations to banks and lenders. Thank you for the briefings.
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JBLove you guys, but could you have Karl Denninger of market-ticker.org to provide some balance to the virus hype? I am not calling you screaming Karen's or anything, but I would like to here some of the other side from RealVision. 3 million cases is still only 1% of 300 mil people. Kind of seems like the government way over-stepped their bounds shutting down non-sanctioned (politically connected) businesses. Personally, I would just remind everyone none of us are making it out of here alive! Thanks guys. Like the daily briefing format in the current environment. Josh
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JDLike the show but not the plugs of other shows on the platform. Just my opinion. It’s basically just a big advertisement.
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RWThe more you listen to Ed, the more you realise how widely he knows and thinks. Very interesting discussion
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JBPeter Cooper's continuous hand movements are distracting. Otherwise, top-notch!
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XMBrilliant as usual gents. Great to have Ash back. There is no doubt this is the best pairing in the world of financial news reporting. And by the way, no mention of the surging gold price?
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jRBecause someone gets evicted in no way equates to being ‘put on the street’. It could just has likely mean they’ve chosen to stiff their landlord and move back in with they parents.
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SZPete, you gotta speak up dude...nice and loud pls
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WYEnjoyed another great discussion between Ash and Ed. The third silent participant, Mic had little to say yet was often featured center stage. Mic may need to revert to an off camera support role. Again, thanks for all the good stuff Ash and Ed!
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SSI understand, COVID is important but I tune out most news about it.
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RTAsh, your expectations are showing.
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RTEd, you bias is showing.
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JNI would like to hear from economist who propose the steady state or ecological economics view. Let's hear how they view what has happened in our economy in the last 40 years, and most recently. This was proposed by Kenneth Boulding in the 60s and 70s. You talk to Austrian school, Chicago school, Keynesian but you have not heard from someone of this other view. This came out of the environmental movement of the 60s.
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NCWhen is Ed going to get a ridiculous looking microphone? I think Ed can out do Ash! Who’s with me?
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NFIt’s so good to see the dynamic duo together again!
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ELBrooks Brothers: Private equity strip mining. A bigger American Icon.
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DGOk so where is all the money coming from to go into ETF's? Don't tell it's from the Fed and consumers are broke.
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MTWhen I wear dress shirts, I only wear ones with button down collars.
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TBMOAR MICROPHONE lol (like More Cowbell - youtube search if you havent seen it) Appreciate the overviews you gents have been doing.
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ELAsh: please talk to a shrink about that glowing red phallic “Mike”. Plus move it away from your face/body.
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CBCant decide if Ash's mic looks more like a bong or a Fram oil filter..
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RDSnowman > NYC tourist poster.
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JSCorrection on the mortgage rates yr over yr. I believe Peter misspoke "3.29 to 3.26" should read, "3.92 to 3.26" as shown on the graph. Thanks for the info.