it's jim wilson. we do do booth the brochure took off his switch and with this ghostly look which it's as good on the ma croucher grown, this is about basic democratic lawyers are gets on and on the other side, unless it's about other values that aren't democratic in east indian not in the western democratic liberal sense cmo crowds actually bit iron. this conflict comes down to values. as gave them, it doesn't matter if someone is russian or ukrainian affinity god by morals, i ukrainian can take russia's side, i'll come and in van later, there are quite a few who say what's happening is right of thank you. muffin, wrote the ocarina had fish full 8 years ago. ukraine opted for free democratic world. china fry. hi alicia. democrat, the chavez. those into these are values that we hold dear. her shirts that hadn't tis here many of us who are born into this world, take them for granted that she lives from that. now we've come to realize this world as a fragile one. they're not just killing people, but the

walk down the street >> we've been watching the two-year, even the six-month, jim, pretty astounding yields. when mike wilsonnley says we're in some kind of speculative frenzy and the global liquidity allowed stocks to survive longer than they arguably should have -- >> in the two-year stocks what does he want? what kind of multiple does he want we already had a collapse of a lot of stocks that were involved with the broader rubric of enterprise software. we've had tremendous declines in pretty much every tech company. i think frenzy, is he speaking of the intel frenzy to get out what frenzy has he got there that's a terrible exit, like a bad football game in britain, liverpool loses and they're getting out of intel, to bend an analogy far further -- >> you've taken it way farther that's okay. >> trying to find something that describes the frenzy here is mike -- listen to me, mike it went up, now it's coming down stick with your game plan. don't mock the frenzy. >> he was on squawk and put this call -- he still says s&p 3k is a possibility in the first half. here is what he said putting it into context of pr

. >> jim, where do you think -- when do the mike wilsons of the world -- do they break here?tick with their guns and say that first half's going to have some reckoning of some kind >> is that woodrow wilson? which wilson >> yes, woodrow wilson >> wilson. wilson mr. wilson that's who it is that's what i'm thinking, right? because you see, he's kept you out of a great rally he got you out that was terrific, in jackson hole, well, that was fabulous, get us out but now we're back to jackson hole where you're starting to talk, thank you, mike santoli, for this, but the guy's been right. it's okay to say he missed this rally. he might say, listen, i think i said there are going to be animal spirits and they're going to wind down, but he said that people would be very depressed when they saw the earnings, and i think it's the opposite. they're seeing the earnings, like parker, like you mentioned earlier, seeing the earnings with illinois toolworks and they're saying, things are pretty good. did he count on mark zuckerberg talking about how it's time to batten down the hatches and ma

the new jim crow is a book i admire very much. baraka, mayor wilson, and baldwin.are all writers the students are familiar with. it's a brilliant piece. he did discover, too. host: which is your most recent book, which just came out this year. last year, i guess i should say. we will talk about that a little bit later in the program. let's hear from michael in broward county, florida. you are on with author chris hedges. caller: hello, mr. hedges. your work spans so much -- on the human condition, you describe a general sense of imbalance and i wonder if you have heard of dr. sapolsky of stanford or a doctor who developed dual brain psychology. i think he could help you with your work in the prisons as well. culture is biology and biology is culture. this external condition is a projection of an internal dichotomy between self-interest and group interest. you bring this up in your books quite a bit and what i mean by self-interest and group interest is it's a constant battle for blood within our brains dead within our culture. if you are completely focused on self

. >> i know you do >> jim, earlier in the week, we talked about what the mike wilsons of the world think this rally today, it's b of a, hartnett, says you got to fade 4,200 and thinks that the q1 highs will come by valentine's day. i don't hear you saying that >> well, no. i mean, i know that -- and i know david will hold me to these like white on rice, but golden cross, bank of america, not a real golden cross, jpmorgan. so, david, what do you think golden cross or not golden cross? >> don't both have to be rising, both averages? >> they both have to be rising, and that is the answer >> i don't like to talk about the things that i look at in public excuse me? >> i like the transports too much -- there were way too many stocks of companies that would go under they should be issuing stocks. memo to upstart. issue a massive amount of stock right now. memo to carvana, i want to see a hundred million shares this moment spot secondary take advantage of these prices, because otherwise, it may not come again david, i saw carvana vending machine out there, i would rip those cars out and put a co