For those who are open to hearing truth, there is a lot of important insight in this discussion.
Hedgeye CEO Keith McCullough and Jesse Felder, former hedge fund manager and founder of The Felder Report, in a pro-to-pro investing discussion about the current market environment. Here is a direct video link.
Here’s what the “Buffett Yardstick” looks like as of the end of May using @AtlantaFed‘s latest estimate for Q2 GDP/GNP: pic.twitter.com/qLh7LZE6uf
— Jesse Felder (@jessefelder) June 1, 2020
It’s been over a decade since the 2008 banking meltdown, and yet many Americans are still living with the consequences of the financial crisis and the Obama administration’s decision to bailout banks over people with their own tax money. As Covid-19 spread around the world, and the economic impacts of the public health crisis began to take shape, the U.S. government once again faced a similar choice regarding bailouts. This time, Congress passed the CARES Act, which, on paper, aimed to help working people and small business owners most affected by both the virus and the lockdown measures used to combat the crisis, seemingly marking a shift from the 2008 crisis handling. Yet, as banking expert Nomi Prins points out to “Scheer Intelligence” host Robert Scheer in the latest installment of his podcast, banks and large companies are once more taking advantage of a crisis to swindle the public.
Here is a direct audio link.
Danielle DiMartino Booth offers an excellent big picture update in this presentation.
We are delighted to be hosting a special online event on ‘The Global Economy in a Covid-19 World’ with Danielle DiMartino Booth at 5.30pm BST on Thursday 21st May. Brought to you by The Oxford Guild, its Collegium Global Network of top universities, Cambridge Guild, Imperial Finance Society, King’s Business Club, Warwick Finance Societies and other leading university societies, the event is 100% free and open to all. Here is a direct audio link.
