18 Burst results for "Bank Of Japan"
"bank japan" Discussed on Power 106 FM
"Everyone that I say is coming shape, so trying to leave the Mama, leave that. Get your feeling The feeling a woman. Tell me that you come true girl. Make your baby I got to see I'm a bank, Japan the wealth feeling your woman love you too long. Tell me just, uh, daily dose on power mornings, right? If you're heading into the office If.
"bank japan" Discussed on Marketplace Morning Report with David Brancaccio
"Arising tide is expected to lift at least one very heavy boat today. Live from london. This is the marketplace morning report from the bbc. World service on victoria craig. Good morning a fleet of tugboats has succeeded in partially moving giant ever given containership which has been blocking egypt's suez canal for nearly a week that sound from the operation early this morning. The thirteen hundred foot long vessel is now at least eighty percent back on course and waiting for the tide to rise right about now to get it completely refloated. The bbc's selling of beal is in suez with the latest. Another refloat attempt is scheduled. The are trying to make the best use of the strong tides and this has had a lot of the high tides have had a lot in the rescue efforts by all means. This is a big breakthrough very positive news for egypt for world markets for oil prices as well more than ten percent of global trade passes through this canal. Selling a veal reporting there. Will the suez canal authority. Says it will take another three and a half days for the traffic jam of some four hundred thirty vessels to clear the canal. They're carrying freight worth billions of dollars including an important component of my and many early risers. Wakeup routine coffee beans. The suez canal is a vital shipping court for coffee making its way to europe from asia and east africa. Yon lumine knows a thing or two about that. He's the owner of jail coffee consulting. It's the asian and east. African coffees predominantly. What we call robusta. So that's the cheapest variety some people love it but that would be coffee from vietnam. Indonesia india uganda and most of that is robusta coffee. But of course there still a huge challenge to deal with the fallout from the speed congestion. So what will happen now. Because we've talked a lot about how this disruption and the suez canal is a big problem for just in time supply. Chains is coffee. One of them consumers are not going to feel that affect. There's an inventory with retailers. There's a green coffee inventory with coffee roasters in europe and they usually have a few weeks of inventory that is indeed good news especially for a coffee fanatic like myself but you know as the ship has been stuck for several days. What's the biggest concern weighing on their businesses. This two main concerns hip. European ports already at capacity. So there's going to be new queues. Forming the second effect is the empty containers. Attrition have been very tight supply before the situation. Everyone is going to be fighting over containers so if it's so difficult why not just fly it. Is that an option. No going by plane is huge. Expensive there's only a few specialties. That sometimes on exceptional basis get afraid. Coffee wouldn't be amongst them. Not at all lumine. Gel coffee consulting. Thanks so much for your time. Thank you so much. so movers. And shakers and financial markets this morning shares of billy billy often referred to as china's youtube fell as much as six percent in their debut on the hong kong stock exchange today the company which raised two point six billion dollars in listing is already traded on the nasdaq in new york. The secondary listing comes as chinese companies. Have come under increased pressure from washington elsewhere. Shares of japanese financial company nomura dropped more than sixteen percent today in tokyo. While shares of credit suisse are down fourteen percent in switzerland the pair warned of significant losses after one. Us hedge fund on friday sold more than twenty billion dollars of shares at owned at knock-down prices bbc's dominic o'connell explains what happened the obese explanation. Most people thought was at one big hedge fund and hitch vendors an investment firm that buys and sells shares on the market. They thought one big h must have gone bust and this morning. We had confirmation of that the swiss bank credit suisse said that a large us hedge fund head. Defaulted and that it would take a big hit as it'll be highly significant for its prophets and another bank. Japan's nomura had already said the losses would wipeout at second. Quarter profits ahead of about two billion dollars. People have worked out from that later. Between the two and other market intelligence the hedge fund has gone under is charles capital management. Hardly a household name. but it's a medium sized player in america markets founded an manages the money of gyco who coincidentally in two thousand and fourteen was banned from trading on the hong kong stock market and two thousand twelve. He paid out to civil insider trading charges in america. And as you say dumb. We've seen an impact on shares of credit suisse. Numero this morning. A banker in tokyo though told the f. t. that this could be a possible leeman moment. Is there any indication that this could cause a wider. Systemic issue for the broader global. Financial system will the truth is we don't really know because no one has the novelist look right. Inside causes trading book the inevitable comparisons i think rather than with leeann will be with a hedge fund called long term capital management which was an absolute master of the universe but in the late one thousand nine hundred ninety s unraveled spectacular would lead to a major market crash. Eventually it was all bailed out. It seems unlikely that chegos is another. Ltm but the truth is we don't really know and i think we weren't really know for another couple of days. The bbc's dominic o'connell thanks for breaking this down for us. Thank you well. How about something now to soothe a case of the mondays. That's music play during covid. Nineteen vaccinations at salisbury cathedral. In southern england organised at the thirteenth century cathedral said they wanted to play calming and familiar music. That makes people feel welcome. Now they've released an album so you can play the tombs at home via your favorite streaming service and a portion of the sales will go toward britain's national health service charities in london. I'm victoria craig with the marketplace morning report from the bbc world service. I'm chris clark. Host of our podcast the uncertain our and this season. We're looking at this thing. We used to call employment. You know a job the kind where the where you work pays you at least a minimum wage gives you health insurance sick days vacation. Those kinds of jobs have been disappearing and a whole lot of industries replaced by subcontractors gigs and armies of non employees and this season on the uncertain. Our we dig into history and policy to figure out what happened to the american job office workers. Er doctors janitors baseball players. Maybe even your job check out. This season of the uncertain. Our wherever you get your podcasts..
"bank japan" Discussed on Bloomberg Radio New York
"Used Bloomberg radio. This'll is Bloomberg Daybreak Asia case that 119 arriving around the world with their not rising in China. Just having that vaccine available doesn't necessarily mean it's back. All clear path ahead. You've been countries Val Way ahead off the agent, developing countries in terms of finance, technology and capacity. They're part of the world really have missed of a double dip Recession. Bloomberg Daybreak Asia. Why, from Hong Kong and New York on Bloomberg Radio. Everybody Good morning from Hong Kong. I'm Brian Curtis. And I'm Paul Allen in Sydney, where it's just gone midday on the Friday and we got a kind of flat looking at six right now for a closer look at what's going on Doug Prisoners joining us now Duck? Yeah, just a little bit of positivity right now in Australia. Paula's sex 200 better by about 1/10 of 1%. We had mild positivity here in the states. Equity markets seemed to struggle through most of the day with the various issues surrounding the virus on the negative side, obviously the drag on growth resulting from tougher restrictions on the positive side. The expectation that will have widespread vaccine distribution within months. At the end of the day, the Dow was up 2/10 of 1% S and P 500 higher by about 4/10 of 1% NASDAQ, comprising about 9/10 of 1% on the day. A lot of that move higher came late in the day when CNBC reported that Senator Chuck Schumer was saying that he and Republican minority leader Mitch McConnell have agreed to resume talks on covert 19 relief. Couple of quick data points for Japan. Let's begin with October core consumer prices. You're over your reading of negative 7/10 of 1%. That was right in line with the estimate and the G Bohn Bank Japan, November Flash P m I. This is the man of manufacturing P m I a reading of 48.3. That's down from the October reading of 48.7 the end weakening ever so slightly at 103 83. You've got the Nikkei Weaker now by about 6/10 of 1% meantime, and sold the cost Be down about 1/10 of 1% wt I crude oil 41 65. So we're a little weaker here in the electronic session. 10 year Treasury down a full basis point and yield. 81 basis points. Brian All right, let's take a closer look at what we heard from the Fed today, Doug thanks very much for that, too. Fed officials declining to endorse boosting monetary stimulus. Cleveland Fed President Loretta Mester said fiscal policy support not additional monetary policy action. Is what the U. S needs the most at the moment. Virus case increase is very concerning and the fact that we don't have a fiscal package is very concerning the despaired impact of this pandemic. That's where fiscal policy plays a role because fiscal policy can be really targeted two households and small businesses that really need the aid. Misters remarks were echoed by Dallas Fit President Rob Caplan. Caplan wouldn't rule out the possibility that the economy slips back into recession given the spike and US virus cases. It is possible we could have negative growth. If this resurgence gets bad enough, and mobility falls off enough so that local officials even though they they don't want to do more restrictions. They don't have a choice, so the next couple of quarters is going to be very challenging. Kaplan said the feds emergency facility should be allowed to continue into 2021. He said he doesn't support increasing the central bank's asset purchase program right now. Donald Trump gonna make an appearance that a pick today? It Baxter's got global. All right. Thank you very much, boy. Yeah. Mr. Trump hasn't seen much of public since losing election, and this doesn't appear to be Whole lot in public. A senior administration official tells Bloomberg. He will not be making a formal address and will deliver comments and a slot not open to the public, where leaders get about three minutes to speak to each other. He has not participated in a pack since 2017. So it doesn't look like we're going to be seeing him today. There. Literally back to co back to back over 19 media conferences today in the U. S Vice President Mike Pence, says Donald Trump ordered the task force presentation today to ensure the American public that it is in control..
U.S. stocks close sharply higher as markets look beyond Election Day
"This election that is going down to the wire with Joe Biden looking like he may be just about ready to pick up that that victory. Or ring that victory bell. I guess I'm trying to say Doug is really affecting the markets. I wanna get right back to you to talk about stocks today and we're seeing now is this carries over to Asia right? And the fact that this blue wave that everybody was talking about last week failed to materialize, and it looks as though it least at this point that we're going to get A Democrat, Republican controlled Senate. And if you're right, Kathleen, and at this point, you're probably close to being right. If you look at what the data is saying so far on a Biden presidency It yields divided government right and that's a good scenario for the market is one thing that it does. It's reduces the chance that we're going to get any rollback in corporate taxes. At the same time, it kind of reduces the bet for a massive stimulus program. And if you're a fiscal hawk, this is good for you. And if you're the bond market than you have to take out that reflation trade, which is what we saw today, the yield on the 10 year falling 12 basis points and if you go back to, I think where we were in the last 24 hours on the 10 year. A 20 basis point moved from the high to the low. That's like the Fed cutting rates by a quarter point nearly right now in the Tokyo session where it's 75 basis points, we had a rally in US equities today, the S and P up 2.2%. Let's pivot to Asia very quickly. The Nikkei higher by 1%. Right now, we are also seeing much stronger. Japanese CNET 10 for 30 against the dollar The G bone bank Japan, October Services. PM I above the number that we saw in September. The current reading 47.7 and you look at the composite PM I also up from the September reading. The current reading at 48 W T I crude oil showing some weakness here at 38 70. So Kathleen, There is a lot going on my favorite
"bank japan" Discussed on Bloomberg Radio New York
"Our best friend great rated terrorists we have corporate credit facilities and then there's a large group of very important companies very diverse different sectors different needs just very different and and those are for them we have the main street facility in our intention is that if there are credit worthy company to accept their credit worthy companies in that space we're not able to get credit from the banking system because of the epidemic we want to be there to provide so that's we've been working on it so it's the significantly different from any other undertaking we have been working on here particularly because that that space is by definition it's a space where commercial banks really are the key form of liquidity and landing and the you know the the bank credit agreements are always negotiated so there isn't there isn't really high level of standardization each one's a little bit different so we've got to find a way to get to those borrowers get through their credit agreements and get them funding and we were working through the banking system do that we have now registered lenders who were were so that that the facility is effectively open now the lenders are registering in we can now begin to make loans one person to do so and those loans will soon be transferred ninety five percent interest in the will be transferred to a to the facility so where they are and you know work as well I think we've shown as we go with all these facilities we are learning were no one's ever done this exactly so we're we're we've been constantly taking feedback from lenders and borrowers and we'll keep doing that and that's true for all of our facilities center we feel we've got facility that can do the best job okay so that's an unconventional set of monetary policy that you're you're you're you're utilizing given unconventional nature of this health and therefore economic challenge kept crisis that we're facing we also see other banks Japan in Europe it is trying to control inflation targets using unconventional means such as your yield curve control and negative rates do we have empirical evidence to support deploying these tools in the United States as you see it there's a there's a split I see the evidence is mixed on negative rates there are those who believe negative rates are quite effective and there are those who see the embedded in India the results are somewhat ambiguous I think here in the United States we've looked at it carefully we looked at it during the you know the the long expansion that ended in February and chose not to well in the United States lately the FOMC has looked carefully at negative race and finished the season pretty broadly across the committee that negative rates are not something that we think is appropriate for the for the US economy at least at this time and and it's not something that we see ourselves resorting to instead we look at ourselves using asset purchases and forward guidance in terms of yield curve control as you pointed out it was it's currently being used by a couple of central banks around the world it's just rather than buying assets what you're doing is you're saying we won't let the treasury curve at a certain level move above something starts to move above that level the rating was above it then we'll buy treasuries to drive the rate back down yeah he did that for me please if these I just finished sorry but we're really just educating ourselves when it's not something in all the sensitive thank you for I also appreciate the fact that you said when the crisis passes we will put them away these new tools I think that is a very sober assessment into a return to normalcy once this crisis passed thank you for your leadership thank you your warm water correct hello again thank you for being here I started out with my opening comments talking about the situation we find ourselves in this country and I believe that this is a moment unlike any other that I have seen in in terms of the country's willingness to finally have your son these long lasting issues of race and putting them aside spoke to a group of five thousand demonstrators and I was almost brought to tears when I stood up to speak because of the problem was probably sixty five percent white the rest maybe brown and and and I've been American people so I think this is a different situation I believe that the federal reserve as a place in this particular moment I think the you can roll and and and one of the things I'm thinking about you know the the justice department used to do and probably still should do what they consider patterns and practices where there's a problem in a regular city the the sum of police department or the fire department arm or maybe just the third city I am a they go in and they they do a study and enter into a consent decree to drought and able the changes that happened in Ferguson Missouri Ferguson has changed dramatically but what I'm wondering how you would feel about patterns and practices with on some of our financial agencies where you know that there is an obvious lack of inclusion and maybe even a history of of of problems do you think that would work in the financial services world well we do well as you know we do supervise son thanks for fair lending practices in down here where we see that kind of pattern and practice we we I engage in strong enforcement measures so there is.
"bank japan" Discussed on Heartland Newsfeed Radio Network
"Of that magnitude in place so you know that's what maybe there is a sense of hallways coming together in the bond market but i don't think the bond market's really tell you very much except that there's a bunch of runners route running the central banks of the world the fantasy our bank japan and russia than other need. We have an economy. That's laboring struggling to keep a booming forward from all of this nonsense insensitive. The government does david one more thing before we wrap up. Obviously we know that central bank manipulation can give people the impression of growth and they can point to certain numbers that make it look like there's there's real growth but it's not real growth. It's not sustainable. It's phony in some way. What kind of metrics should we be looking at it to be able to distinguish real growth from the you know the counterfeit kind well you know i. I don't know if there's any good major but <hes> i do know that <hes> i what i like to look at is <hes>. How much is the debt rowing <hes> versus. How much is this so-called measured g._d._p. April now let me just put a finger of what's thatta point on that and i think story will be clear remember at the <hes> either rate the national prices leitch and low seven. There is about fifty trillion of that on the u._s. Economy public and private that is households corporations financial institutions and government and everybody designed we in all remembers that well you know overdone it our our ourselves into brazil charity and now we're suffering massive drama donald kirby too early to everything fell apart and the road was ending in the bed came back the end of the central banks the world and doubled down saying now here. We are ten years later rubbed and the total on the u._s. Economy nolan view. I know one. You weren't any lessons or change direction. We now have seventy two trillion of death all right so what the u._s._a. Gonna be everybody borrowed because they interest rates so low as government. We crazy now that businesses record temporary fifteen actually dmed got a crisis..
"bank japan" Discussed on KSFO-AM
"Good Tuesday Morning, America's First news continues on this eighteenth day of June. Af en markets this morning. Asian stocks were mixed today as caution set in ahead of interest rate decisions by the fed reserve and other central banks. Japan's Nikkei eased South Korea's coffee was up slightly Hong Kong. Hang sang was up as well. The Shanghai composite slightly lower shares rose and Taiwan and most of southeast Asia here at home on Monday. The SNP edged up the Dow also rose and the NASDAQ climbed point six percent Russell two thousand of smaller companies stocks it was up a little more than a half percent as well. Will he won't? He fed reserve chair Jerome Powell. Tantalizing. The financial world with the prospect that the Bank may soon cut interest rates for the first time in over a decade when the fetish us policy statement Wednesday in Powell hall that do suffer said the message is likely to echo, a theme already struck. The fed will act if it thinks the trade wars are threatening the US economy. However, Jim Tierney with US concentrated growth and Andrew slimming of Morgan Stanley told CNBC. They don't expect any rate cuts. I don't think the fed does anything on Wednesday. Look at the last eight no quarters, no cut last eight quarters. We've average three percent GDP growth and we've had three quarters that world low two percent growth quarters. We're in a growth slowdown. Is it permanent or temporary in the temporary camp? And the fed shouldn't jump to reassure the market here. They've done enough so far. They don't need to cut on Wednesday Sandra. Do they cut on Wednesday? Well, I look, I, I doubt it but it's all that how they indicate. But I think that if, if it was a bigger concern, you wouldn't have the market within two percent of an all time high. There's a lot of negative in yet. The markets is very resilient. I don't think this is just the story of well the the market thinks the Fed's gonna cut rates. I think there's a much deeper story of why the market is so resilient, which is what well you know what? No look. I think we're going to have a re-test the low. We had may this summer. So first of all, say that, but what no one seems to discuss is the market is at the same level. It was in January of two thousand eighteen we have gone nowhere for seventeen months, and when that happens the level of bearish this filled and what happens if like a beach ball holding underwater, eventually that beach ball is going to pop out of the water. We've been. Going nowhere for a long time. And I think that's the story of why the market is so resilient as that so many people have grown very bearish, even though the markets hanging in there. So I think I don't think it's just about the fed. I think it's about positioning is very, very negative right now now outside of trade conflicts. The manufacturing sector is weakening on Monday. The fed Reserve Bank of New York reported that an index it compiles plunged this month into negative territory, Lockheed Martin is spending one.
"bank japan" Discussed on KDWN 720AM
"Good Tuesday Morning, America's First news continues on this eighteenth day of June. Af markets this morning. Asian stocks were mixed today as caution set in ahead of interest rate decisions by the fed reserve and other central banks. Japan's Nikkei eased as South Korea's kospi was up slightly. Hong Kong's Hang sang was up as well. The Shanghai composite slightly lower shares rose and Taiwan and most of southeast Asia here at home on Monday, the S and P edged up the Dow also rose and the NASDAQ climbed point six percent Russell two thousand of smaller companies stocks that was up a little more than a half percent as well. Will he won't? He fed reserve chair Jerome Powell. Tantalizing. The financial world with the prospect that the Bank may soon cut interest rates for the first time in over a decade when the fetish use a policy statement Wednesday in Powell hall. Do suffer said the message is likely to echo, a theme already. Struck the fed will act if it thinks the trade wars are threatening the US economy. However, Jim Tierney with US concentrated growth and Andrew slimming of Morgan Stanley told CNBC. They don't expect any rate cuts. I don't think the fed does anything on Wednesday. Look at the last quarter's no cut last eight quarters. We've every three percent GDP girls and we've had three quarters that were low two percent growth orders. We're in a growth slowdown, is it permanent or temporary? I'm in the temporary camp. And the fed shouldn't jump to reassure the market here. They've done enough so far. They don't need to cut on Wednesday. Do they cut on Wednesday? I'll look I doubt it but it's all that how they indicate. But I think that if, if it was a bigger concern, you wouldn't have the market within two percent of an all time high. There's a lot of negative. And yet, the markets is very resilient. I don't think this is just the story of well the, the market thinks the Fed's gonna cut rate. I think there's a much deeper story of why the market is so resilient, which is what the you know what? No look, I think we're gonna have a re-test the low we had may this summer. So first of all, say that, but what no one seems to discuss is the market is at the same level. It was in January of two thousand eighteen we have gone nowhere for seventeen months, and when that happens the level of bears this filled. And eventually, what happens, it's like a beach ball holding underwater, eventually that beach ball is going to pop out of the water. We've been going. For a long time. And I think that's the story of why the market is so resilient as that so many people have grown very bearish, even though the markets hanging in there. So I think I don't think it's just about the fed. I think it's about positioning is very, very negative right now now outside of trade conflicts. The manufacturing sector is weakening on Monday. The fed Reserve Bank of New York reported that an index it compiles plunged this month into negative territory, Lockheed Martin is spending one.
"bank japan" Discussed on KDWN 720AM
"America's First news continues on this eighteenth day of June. Af en markets this morning. Asian stocks were mixed today as caution set in ahead of interest rate decisions by the fed reserve and other central banks. Japan's Nikkei eased South Korea's coffee was up slightly Hong Kong. Hang sang was up as well. The Shanghai composite slightly lower shares rose and Taiwan and most of southeast Asia here at home on Monday. The and SNP edged up the Dow also rose in the NASDAQ climbed point six percent Russell two thousand of smaller companies stocks it was up a little more than a half percent as well. Will he or won't? He fed reserve chair. Jerome powell. Tantalizing. The financial world with the prospect that the Bank may soon cut interest rates for the first time in over a decade when the fed issues policy statement, Wednesday in Powell, hold that news conference, the message is likely to echo, a theme already str-. Doc, the fed will act if it thinks the trade wars are threatening the US economy. However, Jim Tierney with US concentrated growth and Andrew slimming of Morgan Stanley told CNBC. They don't expect any rate cuts. I don't think the fed does anything on Wednesday. Look at the last quarter's no cut last eight quarters. We've ever three percent GDP growth and we've had three quarters that were low two percent growth orders. We're in a growth slowdown, is it permanent or temporary? I'm in the temporary camp. And the fed shouldn't jump to reassure the market here. They've done enough so far. They don't need to cut on Wednesday. Andrew today cut on Wednesday. Either. I'll look I doubt it. But it's all that how they indicate. But I think that if, if it was a bigger concern, you wouldn't have the market within two percent of an all time high. There's a lot of negative and yet the market is very resilient. I don't think this is just the story of well the, the market thinks the feds gonna cut rate. I think there's a much deeper story of why the market is so resilient, which is what well you know what? No look. I think we're going to have a retest of the low we had may this summer. So first of all, say that, but what no one seems to discuss is the market is at the same level, it was in January of two thousand eighteen we have gone nowhere for seventeen months. And when that happens, the level of bearishness build an eventual what happens if like a beach ball holding underwater, eventually that beach ball is going to pop out of the water, we've been. Going nowhere for a long time. And I think that's the story of why the market is so resilient and that so many people have grown very bearish even though markets hanging in there. So I think I don't think it's just about the fed. I think it's about positioning is very, very negative right now now outside of trade conflicts. The manufacturing sector is weakening on Monday. The fed Reserve Bank of New York reported that an index it compiles plunged this month into negative territory, Lockheed Martin is spending one.
"bank japan" Discussed on Animal Spirits Podcast
"On the table. Whatever the number is. It's people that have eight hundred bucks or thousand bucks three thousand bucks. I'm like, yeah. It could be two percent. But what does that thirteen dollars who? Really cares. That's that's the problem is once you there's a big leap going from zero to two percent, or whatever you can get. And then when you get to that two percent or threshold at his now, then changing around that's kind of like the TF's going from five basis points to four it doesn't matter that much, but the thing is getting going from zero to two at least does you something? So we've we've mentioned it enough on the show that we should probably getting royalties from Goldman Sachs, Marcus banks theon when we use. I believe it's now a two point two five percent, you can get and again, it's there's no fees. It's easy to transfer. But there's a million other places. You can do it at two. There's ally has one Capital One has when I believe that you could go to a credit union, CDs, we've mentioned is probably not the best option because they're not liquid. But even that you can get respectable rates now money markets short-term bond. ETF's short from Uni ETF says there's all these things I did a post about this in December which I'll link to that is maybe the probably a little higher now. Than but so let me ask the question when money goes from just a savings account. Earning nothing we're checking account or nothing into a high yield savings is that cash on the sidelines still on the sidelines. Or is it a double cash on the sidelines because it can go to yield and then stocks. So I think what we're trying to say is that if all of our listeners just open a high yield savings account, we will inject another thirty thousand dollars into this economy. And if we take a piece of that nine trillion dollars interest. So why charts also also sent us the US expectations of higher interest rates on savings account. Takes us rose worth survey. Oh, it's got to be a survey. But the funny thing is since two thousand fifteen when rates sort of rising. This hasn't this risen a little bit not much only thirty seven percent of people. Now think that rates are going higher and in two thousand fifteen when they actually we're gonna rise. It was twenty eight percent of people in maybe the reason that these savers don't think rates are gonna rise in their counts because the rates never do rise and their savings accounts. So because people just don't know, I guess, it's maybe we take this granted we because we again, we get a ton of emails about this from listeners who ask us will what what am I supposed to do with this? This was like this was a hot topic because we got like a dozen emails on what is Michael talking about with better rates in a liquid rapper actually to be honest. What I was talking about was like short term bond funds. Why would you lock up your money and five year city for two point two percent when you could buy shorter bonds and get like to win three per se? That's what I was talking about. But but obviously, Marcus and other banks like this are or another liquid alternative still the chart that Ryan showed with fed funds rate, creeping higher, and what Bank Japan, you not moving at all. It's sort of like gasoline, reverse you could see crude oil from seventy to fifty and prices at the guest pump. Just don't move or at least. That's how it feels. Can. I throw out a thought here is this a conspiracy theory. No, I feel like people say crude, that's borderline charlatan. Right. It's like the people that say, call S and P five hundred spos-, and we. Currency. It's spoonfuls Speu. Is it really? Yes. Not suppose subsidize. Okay..
"bank japan" Discussed on Newsradio 1200 WOAI
"W away. I San Antonio police officer will be okay after he was shot early this morning by a car theft suspect police chief William McMahon is as the rookie officer would just year on the force noticed a stolen car with a phony plate and tried to pull it over. But the driver smashed to the gate of the Chroma apartments on Hamilton wolf in the medical center, then jumped out of the vehicle and ran into apartment hallway with the officer right behind your soon as you also reached the end of the corridor. Suspect was hiding behind the wall, and he jumped down Yasser shot the officer returned fire despite bleeding from a gunshot wound. The upper chest and held him until backup arrived. Mcmahon is praised the officers, courage. It was dueling rallies last night right near the US southern border, President Trump and former democratic congressman bedtime or going head to head on border walls. El Paso city leaders in El Paso, Texas, have been saying President Trump is wrong about their border wall. Having an impact on crime. They're saying El Paso is a safe place and that police data shows violent crime hasn't dropped since that wall was built but at a rally in the border town. The president says it's been hearing a lot of things all the wall didn't make that much of a difference. You know, where it made a big difference right here in El Paso. And right near the arena where the president was speaking El Paso native and former democratic congressman Bego Rourke at a rally saying his hometown is safe. Overwork is considering running for president himself in twenty twenty. Meantime, California, governor Gavin Newsom is pulling more than two thirds of the three hundred sixty California national guard troops from the southern border and a press conference. He blasted the Trump administration's claims of chaos at the border saying legal crossings are at their lowest point and decades calling the whole border issue manufactured on compromise announced last night defined border security and avoid another government shutdown and calls. Her nearly one point four billion dollars in border fencing in the Rio Grande area, Texas, far less than the five point seven billion and more than two hundred miles. President Trump wants democratic Representative Nita Lowey among lawmakers announcing the agreement in principle last night. Some people may think it's a great deal. Some people may have done it differently. But we did it together. And I think it's really a good product. But conservatives don't think it's a good product in an op Ed early today. Sean Hannity calls a garbage and urges President Trump. I'm not to cave in sign it and Blanchard Texas northeast of Houston five family members were found dead at their home yesterday. One being a fifteen month old girl. Polk county. Authorities are not clear how the incident occurred but hinted at murder suicide saying they are not looking for a suspect. There'll be more regulations in place for writers of those electric scooters this week city council will approve crackdowns in several areas. Designed to make the scooter safer. The biggest change scooter use will be prohibited between eleven at night and six in the morning as a way to cut down on accidents and injuries. Well, two pairs of shoes. From pop star. Katy Perry's fashion label being pulled from store shelves over their alleged resemblance to black face retailers Dillard's and WalMart took pairs of loafers and high heeled sandals. From the Katy Perry collections label author websites yesterday both were sold in black and featured blue is a gold triangular. Nose and bright red lips periods. Not responded to the black face allegation. This comes after designer label Gucci stop selling a black sweater last week that people said resembled black. Face and product came under fire in December for a line of bags featuring monkey light characteristics. That people said were racist. A we are all getting tidy. And the Queen of tidy is getting rich. Bloomberg's Denise Pellegrini. Has today's and focus report. I joey. Murray condo is apparently cleaning up the Bank. Japan's reigning Queen of tidiness is writing a huge wave of popularity. Thanks in part to her Netflix show tidying up with Mari condo. Adhere to less is more. But not when it comes to business. In addition to her Netflix show and her bestselling books. Bloomberg's Isabel Reynolds says called Mari media charges up to twenty seven hundred dollars to become a registered consultant. I when you have to pay five hundred dollars a year to retain the occasion Reynolds says condo plans to open an online, salon sort of like a four prophet declutter anonymous, she was conscious of the fact that the house can be kind of Lindley stressful says, she thought obese would have a kind of community to discuss the issues that come up but analysts Kanter consulting say condos gain may be retailers loss as consumers clean up more and buy up less. I'm Denise Pellegrini. Bloomberg business for NewsRadio.
"bank japan" Discussed on Bloomberg Radio New York
"Up on market. So key for markets this week, obviously, U S, China, trade talks. We've got Robert lighthizer the US TR along with Treasury Secretary Mnuchin they will be meeting with the Vice Premier Li in Beijing at the end of the week. And then earlier today, we heard from White House adviser Kellyanne Conway, she was talking to Fox News saying that President Trump wants to me president Xi, very soon. Conway went on to say, the president wants a deal. He wants it to be fair to Americans and American workers and American interest. Market seems to like what they heard we've got a stronger dollar too. And that is mildly supportive for the Japanese equity market. We've got a weaker yen. As a result one ten thirty eight Indiana against the dollar now bear in mind yesterday. The Nikkei was off on holiday. So we're playing a bit of catch-up here. Just to put that in perspective. But nonetheless, we're up one point four percent right now, the Cosby is ahead three tenths of one percent. Similar gain in Sydney for the ASX two hundred terms of long term interest rates. We have the ten year treasury holding ended about two sixty five right now. Crude oil fifty to forty five been a lot of volatility in crude yesterday, we were down quite a bit. And then we have in terms of eco data some money supply numbers coming out of Japan AMT to 'em three of about two percent. Plus year-over-year nothing to be too terribly concerned about right, Kathleen Hayes, we can talk more about the outlook for Japanese inflation. But before I leave you look at the minis for the American market all up at least two tenths of one. One percent next. Stop San Francisco. Ed Baxter is covering global news from the Bloomberg nine sixty newsroom. All right. Thank you. Douglas war of words between Japan, South Korea. Over dispute heats again over remarks made about the emperor Japan's chief cabinet secretary. Ashida SOGA is asking a South Korea lawmaker to retract what he'd said about the emperor. He calls the comments extremely inappropriate the impasse on funding. The US government gets deeper the president goes to the southern border. Meanwhile, the governor of California Gavin Newsom decided to pull national guard troops from the border China. Developing fisticuffs space capabilities that could be used as weapons against u s satellites that is according to the US Pentagon CNN now reporting the Russia may be using the same capabilities South Korea has chosen soul for its bid for the twenty thirty two Olympics. It's pitch will also include hopes that it could jointly host with North Korea has a peace gesture global news twenty four hours a day on air and a tick tock on Twitter power by more than twenty seven hundred journalists and analyst. And more than one hundred twenty countries in San Francisco, I'm Ed Baxter. This is Bloomberg Kathleen ambassador, thanks so much. Let's get right to Patrick Bennett. Now, he's rejoining us from Hong Kong, he's strategist for Canadian Imperial Bank of commerce, and as we were going to break Patrick. We got that red hot sticky on the Bloomberg that the B O J cut its purchases of ten to twenty five year bonds for the first time since July, and as I look at a series of headlines in our Bloomberg news feed prior to this Mitsubishi. You have Jamie Morgan Stanley securities. That's a long name said that they were unlikely to cut their bond purchases at this point. Even though there's lingering speculation it will do. So as yield's fall around the world. So what are you putting it all together? Governor quotas said more than one time. Look we adjust our bond purchases when we have to write what do you expect to happen here and particularly with with yields in the bond market in Tokyo. Look exactly we hadn't seen them. They pitches for a long time since July of last year in that sector. Take place to the idea and the notion that the goal of inflation looks to still be a long long way away and Japan has eased an extraordinary amount tonight and are trying to take some of that some of that back off the table whether they want to use that again in the future because they look at a slower growth or not don't quite clear, this stage, would I'm sure we'll hear from the for the Bank that's committed to path leasing, but there's inflation is going to take some time to follow on. Are you are why just curious what you think about Jap Japanese equities real quick. Look, I think it depends on where the yen guys, we we think the yen is going to be a little bit stronger from this point instead to that as there are for as there is for global growth. Yeah. We strengthened quite a lot since you've got that announcement from about one ten fifty to one ten thirty five for the end. But I wanna go a slightly different direction your own home country central Bank. Maybe the next two to ease or to to move to neutral New Zealand. Yeah. Yeah. Yeah. Look, I'm not sure about that. I think that this. The interest or this excitement about. Reserve Bank of New Zealander or even moving to Ezer eight I think is unnecessary. I think they're already a very accommodative levels. I think the back is quite excited about it. When they look at house prices, the upshot of that is in analogy of that is we've talked about. The market talks about the central banks to cut rates because house rises a somewhat flat will by that same logic. That should have liked in twenty times in the last ten years when house prices were tripling. So know, look I Don hall to that. It's not the central banks are all to be targeting house process. So Patrick in terms of the global economy, if you want to it's hard to get a little bit scared and pessimistic is it outside the US that got the euro area. Looking not so great German economy. French Italian colonies have slowed down people worry about maybe even a contraction in Germany for a quarter. So you've got all this happening. And then you got in, you know, Paul Krugman US recession coming are you in that camp where people just overdoing it? Absolutely not in in that campaign. I think, you know, look, I think gets to the headlines it's already happened. I think the IMF warning of slowdown is is a little bit alarmist. The Chinese slow-down was is it really slow down or is at moderation which had been expected for a very very long time. I think central Bank policies remain vigor accommodate accommodative at this time. I think the engine of global growth the US continues with with quite a bit more. My may Tim wasn't -ticipant it'd towards the end of last year and China itself, we're not ready to throw in the towel on on the Chinese economy, either we think that there's a good amount of stimulus in the pipeline notwithstanding associated you probably don't see runaway dollar strength going forward. What's your best pick at the moment? Of course, we actually like China we like selling China from this from this point. We think around six IT's a good level for that. We think the economy's still continues to grow. We think we'll get some resolution to trade. There's dollar looks undervalued on the idea that we get a resolution to try the here Niger as well. We've just seen as we'd be talking about the Bank Japan removing some of that accommodation. The the economy is performing your quite strongly. So it's sort of a mixed bag, and I would say across plays a more important in the.
"bank japan" Discussed on Newsradio 970 WFLA
"This is a Bloomberg market minute. I gave that Spock joyful Murray condo is apparently cleaning up that's the Bank. Japan's reigning Queen of tidiness is writing a huge wave of popularity. Thanks in part to her Netflix show tidying up with Mari condo. Here too less is more. But not when it comes to business. In addition to her Netflix show and her bestselling books. Bloomberg's Isabel Reynolds says called Mari media charges up to twenty seven hundred dollars to become a registered consultant and wants to. Oh, and you have to pay five hundred dollars a year to retain the. And Reynolds says condo plans to open an online salon sort of like a for profit declutter is anonymous. He was conscious of the fact that decluttering your house can be kind of and stressful. So she thought it would be to have a kind of community to discuss issues come up but analysts at cantor consulting say condos gain may be retailers loss as consumers cleanup, more and buy up less. Denise pellegrini. Bloomberg radio. Us-backed forces in eastern Syria launching an attack on the last ISIS stronghold to battle this weekend. Taking place in the province of Deir El Zorro as the US led coalition provides support from the air moments ago. We got new information indicating that forty-one ISIS positions were captured by STI forces this weekend on Saturday the Syrian democratic forces announced the launch of their final major offensive against ISIS in the village of bagels. The SDS says that over the past week nearly twenty thousand civilians have fled the area amid a lull in fighting. Fox's trae Kingston the Middle East bureau. Prosecutors in Milwaukee charging a man for the fatal shooting of a police officer Jordan freak is accused of killing officer Matthew Rittner who was serving a search warrant Rittner is the third Milwaukee police officer killed in the line of duty in eight months room for one more in the growing field for twenty twenty Senate democrat Amy klobuchar of Minnesota expected to announce her presidential campaign today, which stars will shine bright on music's biggest. Tonight is sixty percent annual Grammy awards is lining up to the music event of the year. With today's biggest hit makers in two icons take.
"bank japan" Discussed on WBZ NewsRadio 1030
"One thirty nine on WBZ changes in the tax law translating into smaller returns in smaller refunds this year. Senate minority leader Chuck Schumer talked about it during a Sunday news conference in New York when people see their returns, they're going to realize how badly this tax Bill of last year hurt them thus far tax returns of average two hundred seventy dollars less than last year. But there are reports that some folks have had to repay the government thousands of dollars in underpaid taxes diplomats in the US Arab countries in Europe set to meet with his Rayleigh leaders ABC's Jordan animator with a preview. Israel's prime minister will meet next week with top US officials at a conference on the Middle East in Poland Benjamin Netanyahu says he'll sit down in Warsaw with US secretary of state, Mike Pompeo and vice President Mike Pence preventing Iran from gaining a military foothold in Syria. He said, we'll top his agenda. The palestinians. Authority will not attend the conference due to its boycott of the Trump administration following the Jerusalem capital decision toward on a Miller ABC news Jerusalem, the woman in New York gives new meaning to the old Wendy's commercial. Good mad when she was told that the Bronx restaurant popular for its Jamaican food run out of hamburger. She left came back with a baseball bat and was seen on surveillance footage. Breaking out the joints windows. Police are searching for the suspect. One forty on WBZ time now for a weekend edition of Bloomberg business idea with that Spock joy, Murray condo is apparently cleaning up the Bank. Japan's reigning Queen of tidiness is writing a huge wave of popularity. Thanks in part to her Netflix show tidying up with Mari condo. Dot com. Less is more. But not when it comes to business. In addition to her Netflix show and her bestselling books. Bloomberg's Isabel Reynolds says called Mary media charges up to twenty seven hundred dollars to become a registered consultant on once you oh, and you have to pay five hundred dollars a year to retain the occasion. And Reynolds says condo plans to open an online salon sort of like a for profit declutter anonymous. She was conscious of the fact that cutting house can be kind of and stressful says she thought obese let's have a kind of community to discuss the come up but analysts that cantor consulting say condos gain may be retailers loss as consumers cleanup, more and buy up less. I'm Denise Pellegrini. Bloomberg business on WBZ. Boston's NewsRadio one forty one on WBZ time. Now for us to check sports Celtics issues this season incorporating all of their talent, especially getting Gordon Hayward comfortable after missing all of last year. It's resulted in a thirty five and twenty one record good for. In the Eastern Conference. Now, the Celtics are waiting on bated breath to hear about the knee injury to Kyrie Irving. He left last night's game with the clippers in the second quarter. What's being called a sprained knee for now? However is expected to undergo further testing today. Meanwhile, Marcus Morris held court after blowing a twenty eight point lead to the clippers. He let it be known this season. It's been a grind to say. The least a.
"bank japan" Discussed on WBZ NewsRadio 1030
"It's six thirty eight. Here's the latest in business from Bloomberg. Without join forces, Mari condo is apparently cleaning up the Bank. Japan's reigning Queen of tidiness is writing a huge wave of popularity. Thanks in part to her Netflix show tidying up with Mari condo. Here too less is more. But not when it comes to business. In addition to her Netflix show and her bestselling books. Bloomberg's Isabel Reynolds says called Mari media charges up to twenty seven hundred dollars to become a registered consultant. And once you when you have to pay five hundred dollars a year to retain the occasion and Reynolds says condo plans to open an online salon sort of like a for profit declutter anonymous. She was conscious of the fact that decluttering your house can be kind of Lindley stressful says she thought it would be a kind of community to discuss come up but analysts at cantor consulting say condos gained maybe retailers loss as consumers clean up more and buy up less. I'm Denise Pellegrini. Bloomberg business on WBZ. Boston's NewsRadio US-backed forces in Syria are starting at attack against a lot is a stronghold in Syria near the Iraqi border. This is an eastern Syria. A spokesman for the Syrian democratic forces says a job should be finished by the. End of the month. But cautions that ISIS could still potentially post security threats in the future. The Islamic terror groups still has territory in parts of the country that are currently under the control of the Russian-backed a Syrian government, South Korea's foreign ministry has announced a new deal with the US on the cost of close to thirty thousand US troops on its soil. The State Department's Timothy bet says everyone is happy about this agreement..
"bank japan" Discussed on We Study Billionaires - The Investors Podcast
"So when we think that the Japanese government has two hundred and fifty percent debts GDP lot of that two hundred and fifty percent. Bank of Japan actually owns forty percent of it. Since the Bank of Japan is essentially a branch of the government. That means the government was acquired forty percent of all its debt by printing money from thin air and buying fit. The Bank of Japan is effectively cancelled forty percent of all Japanese government debt printing money buying Japanese government bonds. Now by buying so many bonds, they had pushed the yield on the ten year government bond found zero percent with you. Buy bonds will push the price up so high with the yield goes down to zero. And in fact, they even push yield into negative territory or some months. Now, that means that this enables the Japanese government borrow as much money as they want a zero percent interest which something world has never seen before. Now. This also has mobile implications because when the Japanese government bond yields only yields nothing. Then of course, people in Japan with bar rather by a US government bonds yielding two point. Nine percent a seems like a lot of money relative did nothing. And so money coming out of Japan and puts downward pressure on interest rates in the United States and Europe and everywhere else in the world. So sometime back here and a half, even perhaps two years ago. Now, thank you. Japan found it is programmed buying eighty trillion a year was are too much. They didn't have to buy that many government bonds year in order to hold the interest rates, zero percent. They could by far fewer bonds, thirty trillion forty trillion a year that would still be enough to keep the interest rates zero percent. By the bonds, you push up the price that pushes down yield so they didn't have to create eighty or ninety trillion a year, the whole deals zero percent. Now, why do they make nouncement the last week or so? And this announcement they that, okay, the new policy is we're not going to hold the interest rates at zero percent. We're going to let them move up a little. We're going to hold them somewhere around ten basis points. Certainly no higher than twenty basis points. Now, why did they do this? I think that this may be part of a globally. Coordinated prodigy among global central bankers, try to push up interest rates a little bit around the world because there is concerned that inflation is coming back and of the global economy is in danger of overheating. We have very low unemployment in the US, and generally the global economy has recovered though by allowing the Japanese bond, ios move up and or twenty basis points that should make it easier for the US. Government bond yields move up ten or twenty basis points acting as something of a break on the US economy, which many people fear could overheat because of big tax cuts and spending increases by the government, though by interpretation would be the, we saw the Bank of England increase interest rates last week or so, and they ECB is now winding down its quantitative easing program kind of globally, coordinated tightening, global monetary policy. This is just another aspect of that. I suspect you know, all this talk about Japan and how these central banks are buying bonds and pushing rates zero. It's absolutely fascinating. You know, there's a organization called the yard, Denny research organization and monthly. What they do is they publish a chart that looks at the total assets of the major central banks around the entire world. So the ones that they look at are the fed, the People's Bank of China, the EC be Bank Japan. And what they do is they overlay all of these balance sheets for all these central banks, and they've been doing this since two thousand eight during this started, they'll last credit cycle and what I find fascinating. You brought this up in your response where you said it looks like it's a coordinated, you know, central banking event. And when you look at the way that the assets of central bankers balance-sheets has moved, it's almost a perf. Exactly straight line when you combine all of them. But when you look at one or the other, it's kind of lumpy in all over the place. But when you combine all over muc- like this perfectly straight line and what I find fascinating and this is where I want to hear your opinion is recently in the last three months you've seen the total assets of all.
"bank japan" Discussed on Stance
"Montague. And today we're going to take a look at the growing outlook of accepted sexually and it's a facts on black youth and culture with us. Today we had the head of the center of trans American issues. Dr Deborah Holt and recording artist, paper, boy, good evening to you both evening. Similarly, dream episodes in the second season. We targeted his memory or dream of the charter earned an Alfred, which again comes with no introduction, all explanation to you have to walk out what's going on and you do, but I didn't think it's difficult. I mean, it's it's not difficult in the way that looking at potassium painting is is not difficult if you open up to it. I mean, it's how make you feel and jokes still funny even if they come in this starting kind of baffling frame. So I didn't think I wouldn't describe it as elitist. I think it it certainly does. Conform to many peoples expectations about what's TV drama or sitcom space, it light, but I didn't think incomprehensible to anyone if they have the kind of witness and patients to tunnel that brains and you have to concentrate too. That's true. I didn't just just just about the legacy of Atlanta. Rarely. I don't think I've read a review anyone slighted. It tell me if I'm wrong, it seems to be something that's universally adored by critics. You know, he won golden clay as television series. Comedy, best performance by an actor. An EMMY is welfare standing lead actor in comedy series. You know, it's a lot of pressure, but what do you think the legacy will be? Lanta definitely commissioned the third season. I think they will keep it short and sweet just because I think Donald has ambition seen I. He's been blockbusters the, you know, his song dropped and it was huge and also all the other actors there. The huge now like lucky STAN. Feels and then you film code sorry to bother. You bet she was in a blockbuster. So I think as time goes on, they will want to move onto other projects, not just be the kids in Atlanta, so, and also you kind of I kind of wanted to end just to keep the like the wire, which was a beautiful, five seasons. You don't want to to to kind of go off on a very strange path like maybe the Simpsons head and also the legacy on a wider Skype is that people will be looking to commission more innovative shows. This was FX is biggest show ever. So I think the cable networks will be wanting to replicate this. There are now Asian American shows that are being commissioned. I think they're gonna get more inventive, the going to reach more audience, try to women, hopefully trans issues. I think when when you said Donald Glover wanted to night twin peaks with retinas, then I think he. He's absolutely achieved that. He's created this world within a world, and I think the legacy of the enduring kind of appeal lanterns that you can go back and watch it again. And again, and it's not a single audience can be passed on three generations or all those who is points trooper are using. It doesn't have a legacy in the sense of his very clearly the brain drone Gration of one person and oversee working with your team, great writers. But therefore I think it kind of is something that can be replicated. It may be, it shows that you can. You know, they district, which started with HBO Showtime of trying to reinvent television salted. A wall is continuing, and it's not over yet. And and that demonstrates that as for Lanta finishing, I'm kind of I, I think he's right. I think he Congo for much longer. I'm scheduled for it to end because it's already cleared that the reason a way out for these characters on what's more. All that predicament that it depicts Israel one, it's true. It's not. I mean, of course invented, it's one that's experienced fine people's. That was young and eighty minute discussing hope to phenomenon that is that Lanta that was the first of many series stocks takes which was presented by crystal Genesis and produced by Rachel porter. If you enjoyed this episode of stance takes please subscribe and rightists review. You can reach us via stunts podcasts dot com. Plus app starts podcast on Twitter, Instagram and Facebook. Listen out for regular starts episode on the first table. Thanks so much for listening. Right? No, that. The band. Contraband Bank, Japan. Oh, they're going to find out.
"bank japan" Discussed on The Jason Stapleton Program
"Hundred plus the twenty and spent one hundred eighty thousand dollars of that other parties, capital. All of this points to you and unlike inflation, inflation is able to find that rising prices. There's no particular end. Duress prices. I been prices go up to you percent year. They've been doing that for, you know, a very long time that rate necessarily, but we've had rising prices for over one hundred years. There's no reason why it couldn't go on for another hundred thousand but consuming capital exponential exceleron rate. Well, that has a finite terminus doesn't it. I mean prices. Okay. Prices are double in ten years w after that. Another ten, I mean as long as your income is going to universally sweat that much, but if we're consuming all extent accumulated capital, everybody should be worried about that is what happens when you run out we'll. And that's the argument that a lot of people make is that this is unsustainable that it's going to fall apart that we're gonna see a collapsed because of this, and then you look back and you say, well, okay, people have been saying that for a hundred years and when the debt was when the debt was at seven trillion dollars, people were saying it was unsustainable, and here we are at twenty two or whatever it is. So what do you say to the guy who says, no, I get that. That's nice theory, but it just hasn't ever happened and deficits. Don't matter debts doesn't matter because we just we're just gonna keep going. I mean, right now, the Bank, Japan. I talked about it yesterday on the show, two hundred percent debt-to-gdp ratio. That's double what we have here in America. What do you say to the guy. Who says this can go on indefinitely forever. So my my, my short answer is a quote, Adam Smith. This says, there's a great deal of ruin in the nation. So just because ruin you haven't reached Venezuela yet doesn't mean we're not on that path. And then obviously, number two, some folks were very premature, making some guy Gusset predictions for when things we're going to happen. But on a more serious note, if you take a look at the kinds of indicators that I'm talking about, you'll purchasing power being one another as marginal productivity of debt. So here went says, okay, well, GDP's rising, that's true, but in order to make GDP Ryan's we are obliged to borrow. I mean, that's how any business expands. If you have a small chain of four hamburger restaurants, and you wanna open the fest, you take out a loan, you borrow. But given that borrowing you can get out of that lupus explained earlier, but they net borrowing only increases increase exponentially. The problem here again, if you look at this indicator is that it takes more and more borrow dollars of death to create one dollar GDP or the other. What look at it as a diminishing return, a dollar borrowed ads, less GDP than a dead. It's a diminishing return. I published in every once in a while, update a graphic, marginal productivity of debt, going back to nineteen fifty nineteen. Fifty happens to be the oldest data that I've been able to easily get my hands on. I don't know if better of older data exist in that or not, but I haven't found it. And what you see is diminishing return that in those days, as I recall him, I don't have the graph in front of me marginal productivity of debt. As about a dollar that is you borrowed dollar and you added dollar debt. It's really been falling dental decline ever since. That's another one of those very worrying things and using analogy to physics. The question is going to be the heat death of the universe until the physicists debate in, uh, there was this big band supposedly, and you know, everything blows apart. But of course, gravity is pulling tending to pull it back in. And so there's a number, the calculate based on the mass and based on the speeds that everything is flying called escape velocity. And everyone wants to know is the escape is the actual velocity of expansion greater escape velocity. And if so, you'll have the heat death of the universe. That's everything will get farther and farther apart. All the stars will eventually burn up their fuel and turn into, you know, black, whatever's and everything will get colder and colder and colder. What you'll have is widely dispersed matter. You know, basically at absolute zero near absolute. Zero and that with the end will just continue that way..