saying there is a lot of leverage in the system, we are headed for a minsky moment. the tech gains was due to a buildup of leverage in dealer positioning. manus: you take your minsky moment, your equity market, and i will see you and raise you on a bond also. have a look at this, this is a very aggressive movement in terms of -- there you go. there is your bond market. the magic of tv, the bond market appear to. -- appeared. look at the scale of the outflows, the biggest since march 2020. you are looking at 10 year notes, the worst week in 42 years with the loss of over 40 -- of over 4%, the last time we saw that was 1980 and that was a vulgar shock. even i cannot remember where i was in 1980. dani: [laughs] i don't think you were in london trading yet. those are my favorite moments. we have to give a shout out to our queen of charts valerie. let me get you into what the markets are doing this morning. we are seeing a more or less flat equity session when it comes to u.s. futures. there is a little bit of underperformance intact, we saw it rebound late in the day. yo

it's a battle that the country may have already lost geology. minsky, oxy paris, demo discussions on a wo. kiss him at the whole council culture just took out the op ed section of r t dot com. thanks for joining us. we're back soon with more of your friday. ah no one else seemed wrong. when all, please just don't hold any world. yes, to shape out disdain becomes the advocate. an engagement equals the trail. when so many find themselves worlds apart, we choose to look so common ground. max and stacy are in mexico and re heading south and we're getting closer and closer to the napa center, the global sensor point now of the big coin revolution. ah oh me sophie shepherd not saying this is so because visionaries, well, and the prettiest program which have a unique asset has extraordinary endurance to cold. but about his nickname, the iceland will continue talking to extreme athlete. when half the school is the biggest, all of ours, and we just always dressed, covered up no stimulation. logically, it is directly connected to the vascular system, which is how did you notice in everybody of

final in the christmas exams are, there was a correspondence from radio moscow course job ish new, minsky. later on, i know we met him and spoke to him very fine. boy, he was taking interviews, but from among the english speaking students, and one of students told him this is why hey, why don't you interviewed to canadian boys, yours? what the canadian life that's how just my accidents. course job ish, new best cases. when he give me an interview, sure, why not? and so we had a very fine interview. he said, j u boy speak very good english. i said was it's canadian english. and he says, well would you come in for our management's invite you to come to work for us? i sir. well, he's why we thought it just in passing later on, we got to call contact from him. and he has come on up to the radio station. and that was in the center of moscow. and we, they interviewed us. would you like to work for us as translators, announcers, and, well, we do really don't know the particulars of this because we never had done that before. we confessed immediately. but we had the makings of that. in 1957, mosc

but young minsky hoped to at least bring attention to urban mobility question nearly till funds of africa is a working population are employed in funding. so the sectors, economic importers can't be overstated. it also provides food for millions of fundies, of course, but climate change pauses a growing threat to agriculture, drought stricken soil that has been leached or eat nutrients, cannot produce a decent harvest. so how can food security be maintained? here is one answer from render. coaxing a decent harvest out of the soil is tough here and the mountainous chicken b district of north and rwanda. eugene hi. dina manor and his wife worked from dan till dusk. their field are on steep slopes, so when it rains, the water flushes the soil down into the valley. if things don't change the farm of fears, his family could face starvation. since this is their sole source of income, the only thing he thought you look at these bananas liked watching and we used to harvest banana bunches weighing over 50 kilos insulation. so looking at this one, you can see we have a problem, look on them. a sit

as he shall ado, minsky explains how the shift awoke ism has been tearing france apart. this is in the fighting mode when the government actually concerned about a new cultural totalitarianism that's been creeping in from the endless sphere, specifically from the u. s. now, in a little under 12 months criticism over that u. s. inspired activism, race and gender called woke ism has been growing the ideal the u. s. wants to lecture france has provoked bafflement. on that said michael boosted the contrary to the united states. we accept much more grouping by ethnicity, by culture, by religion, and precisely where there is a kind of idea of universality was reported worthy. so it was the golden age. so we're not going to criticize the americans for that. when we see slavery, they abolished in the united states in 1865 with lincoln, and william france in 1848. that's even 17 years before. but we're not going to say we did it before. have to go away as you. so i really don't see how the americans can see something like that. because if you look at all of the history of our cou

and off i beat her, shall ado minsky reports for demonstration in paris. oh, just as it's not been authorized hasn't seen the sort of support we saw in the protest just a week ago when around 80000 education workers came back to the streets at cost frogs and to show their discontent with the ever changing. they say covert regulations, the protocols in school with tracy have been chaotic figures. they say that fewer than 2 percent of teachers were out today, this protest, but it's not the last one. there is another one that is scheduled for next week that has been given the approval by the authorities. however, what we have seen is huge and get on the teachers. we've spoken to you about the fact that those ever changing rules came from an education minister who was on the holiday in ib. channel cooler. i'm furious that in 2 years of the pandemic, nothing has been done to adapt to it. we are not protected. we don't have masks, we have nothing, both neural also because vacation is shocking. we have the right to a vacation as much as every one else. it's not u

well, we'll have a look at that minsky. but what else do you use? couldn't you go to school if you have to chill? no, but on a scale, some slick pulls, which option would you? high on you already answered your question about the possibility of recognizing the don it's can lu hands, people's republic. republics. but my answer is very simple. we need to make sure that the means can agreements are implemented will because there are many people who are waiting for any excuse to absolve key if of you, the commune, sabotaging the means, cream ins, the document that has been endorsed by the un security council. but she was with alex benedict f. thank you. or the for radio stations are now having an interview for, for a minister lover of that in. well, you said 3rd and the natives secretary general versus jan stoughton. burke has lost touch with reality. maybe you live in different realities. incidentally, mister stockton back is going to give us an interview. morgan had 5 p. m. had it, well, let him do want to ask him a question minister elaborate if i can

just a day ago that cooler heads need to prevail and that china wants to see a return to the minsky agreement of 2014, in 2015, adding quote, we call on all sides to say, cool headed and avoid doing things that will escalate the tensions and hype up this crisis. meanwhile, china been quietly working on its own. busy busy payment system to allow cross border transactions in you are as trade and investment with the rest of the world grows. china cross bank or cross border inter bank payment system will be a huge part of this new digital currency system. joining data break all the sound is boom by the co host, an crypto analysts crit, the i and ben swan. all right, chris, the i want to start with you on this one breakdown this cross border inter bank payment system. is this trying to answer to the swift banking system? of course it is. this has been something that china has been working on for years and years because it had the threat of being cut out of this was system for years now. and it was something that the u as hell of a china in case the dispute a word to escalate. and that would have b

this is typically referred to as a minski moment where the banks realize the underwriting standards were a little looser than they should have been right about 350% debt to gdp, which is about you know, 50%, actually 30% above where we are for the last crash in 2009 so it is something that i'm monitoring although i'm not raising a five alarm fire about it at this moment, but your prior two points were right. we're going to see top line pressure for certain companies and sectors over the next few months as demand may deteriorate in certain pockets when we transition from a physical stimulated demand to alabor an wage earning stimulated demand and so i'm concerned that we'll see some pockets of weakness as we make that transition. i'm concerned on the bottom line that inflation will stay hot particularly with the port closures and disruptions we're seeing across the globe. particularly with the problem areas we're seeing in trucking and shipping so i suspect that to stay hot until trip so companies will have top line and bottom line challenges, but there are a set of companies that are uni

the final in the christmas exams, there was a correspondence from radio moscow course job ish new, minsky, later on, imo, we met him and spoke to a very fine boy. he was taking interviews a but from among the english speaking students, and one of the students told him is why, hey, why don't you interview the 2 canadian boys? here is what the canadian boy that's how just my accidents. course job ish, new best cases. when he give me an interview, sure, why not? and so we had a very fine interview. he said, j u boy speak very good english. i said was it's canadian english. and he says, well would you come in for our management's invite you to come to work for us? i sir. well, he's why we thought it was just passing later on. we got to call contact from him and he says, come on up to the radio station. and that was in the center of moscow. and we, they interviewed us. would you like to work for us, as translators, announcers. and, well, we do really don't know the particulars of this because we had never had done that before. we confessed immediately, but we had the makings of that. in 1957,