where do you see things now that worry about a month I would actually
about a month I would actually
about a month I would actually distinguish between what we actually see
distinguish between what we actually see
distinguish between what we actually see in the markets and the story that Wall
in the markets and the story that Wall
in the markets and the story that Wall Street is telling the story that Wall
Street is telling the story that Wall
Street is telling the story that Wall Street is telling is all optimistic
Street is telling is all optimistic
Street is telling is all optimistic we’re gonna have all this boost economic
we’re gonna have all this boost economic
we’re gonna have all this boost economic growth a lot of that seems to me to be
growth a lot of that seems to me to be
growth a lot of that seems to me to be based upon wishful thinking if you look
based upon wishful thinking if you look
based upon wishful thinking if you look at a chart of the stock market over the
at a chart of the stock market over the
at a chart of the stock market over the past ten years you see this big dip with
past ten years you see this big dip with
past ten years you see this big dip with the economic crisis and there’s huge
the economic crisis and there’s huge
the economic crisis and there’s huge huge rise and then there’s a little
huge rise and then there’s a little
huge rise and then there’s a little further wiggle at the top which is
further wiggle at the top which is
further wiggle at the top which is what’s happened since this election the
what’s happened since this election the
what’s happened since this election the markets are not in fact building in huge
markets are not in fact building in huge
markets are not in fact building in huge optimism about Trump I think they are
optimism about Trump I think they are
optimism about Trump I think they are probably under weighting the chance of
probably under weighting the chance of
probably under weighting the chance of catastrophe
catastrophe
catastrophe greg’s it was another recent world event
greg’s it was another recent world event
greg’s it was another recent world event where a lot of people in the immediate
where a lot of people in the immediate
where a lot of people in the immediate aftermath said oh this is going to be an
aftermath said oh this is going to be an
aftermath said oh this is going to be an economic catastrophe that hasn’t quite
economic catastrophe that hasn’t quite
economic catastrophe that hasn’t quite happened yet but it sounds like maybe
happened yet but it sounds like maybe
happened yet but it sounds like maybe what you’re saying is be careful about
what you’re saying is be careful about
what you’re saying is be careful about getting too comfortable well actually it
getting too comfortable well actually it
getting too comfortable well actually it wrecks it was a huge shock to the
wrecks it was a huge shock to the
wrecks it was a huge shock to the European project it’s the consequences
European project it’s the consequences
European project it’s the consequences five years ten years down the pike could
five years ten years down the pike could
five years ten years down the pike could be really severe it did not put people
be really severe it did not put people
be really severe it did not put people with zero experience in charge of
with zero experience in charge of
with zero experience in charge of running the British government it’s
running the British government it’s
running the British government it’s people with long to experience it’s
people with long to experience it’s
people with long to experience it’s competent they talk to people who are
competent they talk to people who are
competent they talk to people who are are reasonable but it’s nothing at all
are reasonable but it’s nothing at all
are reasonable but it’s nothing at all like what happened here there’s this
like what happened here there’s this
like what happened here there’s this global moment that populism is having
global moment that populism is having
global moment that populism is having ayran hearing that it’s certainly here
ayran hearing that it’s certainly here
ayran hearing that it’s certainly here but but in Europe as well that rise of
but but in Europe as well that rise of
but but in Europe as well that rise of populist leaders you wrote recently that
populist leaders you wrote recently that
populist leaders you wrote recently that that term is is somewhat miss attributed
that term is is somewhat miss attributed
that term is is somewhat miss attributed to Donald Trump in the sense that in his
to Donald Trump in the sense that in his
to Donald Trump in the sense that in his first few weeks he has pretty much been
first few weeks he has pretty much been
first few weeks he has pretty much been citing economically with big business
citing economically with big business
citing economically with big business versus the individuals he populist we
versus the individuals he populist we
versus the individuals he populist we can mean a bunch of things and normally
can mean a bunch of things and normally
can mean a bunch of things and normally when you say populism you have in mind
when you say populism you have in mind
when you say populism you have in mind someone who is is in fact going to soak
someone who is is in fact going to soak
someone who is is in fact going to soak the rich and do all kinds of stuff for
the rich and do all kinds of stuff for
the rich and do all kinds of stuff for the populist and is doesn’t care about
the populist and is doesn’t care about
the populist and is doesn’t care about the elite
the elite
the elite [Music]
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