fund even at the worst money market offering rates in any bank in the country did better than rate deleo last year this is he almost underperformed negative yielding bones maybe he is the hedge fund because ray dally of course is worth like $10000000000.00 listen connecticut has bridgewater capital capital which has tens of billions under management maybe he's the hedge fund that the repo market is bell yeah nobody knows why the fed is intervening in the repo market they did suggest while davus was going on that they might actually start lending cash directly to hedge funds maybe he's he's the guy maybe that's the quid pro quo for him that's why he's up there saying don't fight the fed people don't do it i mean i lost you know like maybe he's up there now championing the fed telling people to get into this market at all time highs and you know he's changed his tune well he wrote a book because last year called principles and in this book he list like a 100 or 150 of his principles of how he became so successful as a money manager. yielding virtually 0 results and so i think the 1st princ

fund even at the worst money market offering rates in any bank in the country did better than rate deleo last year this is he almost underperformed negative yielding bones.

think the 1st principle anyone should understand when talking about ray dahlia is don't listen to rate deleo that's principle number one if you buy his book you could use it as a doorstop or maybe can. linwood but it has no practical value as a source of information it's a plagiarizing aristotle from 2700 years ago for one thing and it's just a lot of verbiage i mean if you it's a lot of words it's a word salad meaning nothing well you know who do does get celebrated by the market by market commentators by the likes to see n.b.c. is jack welch now jack welch of course ran general electric from 1901 to 2001 the stock price increased by 4000 percent under him but it was a one time trick everybody is now trying to copy him of course what he did is just hollow out general electric general electric used to being an amazing american corporation that built this country turned us into an industrial powerhouse amazing engineering well he came up with a clever idea of getting rid of all the expertise getting rid of technology getting rid of manufacturing getting rid of all the stuff that germany now c

one percent that there is anger ready to ignite and i think ray deleo as i said he sees it just as a you know a cold hearted analyst you don't become a billionaire being warm hearted and fuzzy and hysterical again you saying that it's all debt field so that there's 200 trillion in debt approximately on the planet and so if those supply lines are cut if they if there's a boil on the street it combusts and suddenly some countries unable to buy u.s. treasuries anymore or they go completely dead dollars ation then that means higher interest rates and then you have a totally did dollar rise to a globalized world and it's all against all that's my next topic because i have an on that document i have on your lap i have q.e. and negative interest rates will they or will won't they go negative this year our guest michael hudson this past year he said that rates are going to go as negative as 25 percent if they want to maintain the central bank run system they will have to take interest rates down to 25 percent negative he says is that going to happen or will the whole system collapse will wil