we've pointed this out but now this is the new york times is and read tweeted and pushed also by paul krugman so we're going to go into some of the details that they're now coming around to in twenty eighteen that you and i were saying you know seven years ago eight years ago as well warning people about this but some of fracking is biggest skeptics are actually on wall street bethany mclean points out the sixty biggest exploration and production firms are not generating enough cash from their operations to cover their operating capital expenses in aggregate from mid two thousand and twelve to mid two thousand and seventeen they had negative free cash flow of nine billion dollars per quarter a key reason for the terrible financial results is that fact oil wells show a steep decline rate this is something that you and i have pointed out the red queen syndrome that is a huge steep decline rate and you have to keep on track in fact in fracking many people in the comments would say oh you know this is just propaganda and i report did also say that as well but here i'm going to read you some actua

when describing american style capitalism he says it's basically just men with guns thank you paul krugman ellis close move over to the curve so we hear about a flattening yield curve and we'll talk about trade a second but i want to talk about the old curve what does this indicate alister should anyone be worried. well under normal circumstances a flat you normally would indicate there's a recession in the offing or a very at least very strong chance of a recession in the offing but we've never seen this situation before i mean the idea that it flat you please into recession basically comes about because nobody is borrowing money with long maturities simply because you know let's say the economy is no longer following through whatever whatever. but this time it's not quite like the you. the commies in just concentration that is actually going like a train as you know powerless rice on this problem really is there's just so much money around the idea that you can compare a situation where there is a limited quantity of capital in the system which is a situation where there is over one hund

ten years after the financial crash, i talk with paul krugman. and our alicia menendez talks with michael arceneaux. >> announcer: additional support provided by: >>> and welcome to the program everyone. i am christiane amanpour in new york. hurricane florence is shaping up to be a catastrophic storm made even more so because of extra warm waters off the atlantic ocean. as millions flee for higher ground, the trump administration epa chose this moment to give them the green light to release methane into the atmosphere. we are still in alliance since president trump pulled out of the alliance accord. jerry brown pledging to make his state carbon free by 245. today his global climate action summit begins in san francisco and brings together prominent americans as well as chinese officials. he joined me earlier this week to warn that the global environment alliance has to do better before we all reach the point of no return. governor brown welcome from sacramento. >> thank you very much. great to talk with you. >> so you are really fighting fast and

when describing american style capitalism he says it's basically just men with guns thank you paul krugman ellis close to over to the curve so we hear about a flattening yield curve and we'll talk about trade a second but i want to talk about the old curve what does this indicate alister should anyone be worried. well under normal circumstances a flat you normally would indicate there's a recession in the offing or a very at least very strong chance of a recession in the offing but we've never seen this situation before i mean the idea that it flat you please into recession basically comes about because nobody is borrowing money with long maturities simply because you know let's say that the economy is no longer following through whatever whatever. but this time it's not quite like the u.s. economy is in just concentration that is actually going like a train as you know powerless reisa on this the problem really is there's just so much money around the idea that you can compare a situation where there is a limited quantity of capital in the system which is a situation where there is over o

when describing american style capitalism he says it's basically just men with guns thank you paul krugman ellis close to over to the curve so we hear about a flattening yield curve and we'll talk about trade a second but i want to talk about the old curve what does this indicate alister should anyone be worried well under normal circumstances a flat you normally would indicate there's a recession in the offing or a very at least very strong chance of a recession in the offing but we've never seen this situation before i mean the idea that it flat you please into recession basically comes about because nobody is borrowing money with long maturities simply because you know let's say that the economy is no longer following through whatever whatever. but this time it's not quite la the u.s. economy is in just concentration that is actually going like a train as you know powerless reisa on this the problem really is there's just so much money in iraq the idea that you can compare a situation where there is a limited quantity of capital in the system which is a situation where there is over one

never miss a chance to hit paul krugman.urther notice, juan, i'm going to assume the times wrote it until they prove otherwise. they should want to clear their name by proving to me that somebody else wrote it. >> juan: really? you think you have that much authority? >> greg: they worry about me, juan. [laughs] >> juan: every day i worry about you. i worry that you are going a little far into the trump camp here. >> greg: you know what i'm trying to do. >> juan: your point, i think you made this point. a lot of people have been critical of this anonymous writer. yesterday on fox news sunday, the senator from delaware said he thinks people shouldn't have done it. you have some responsibility, if you really want to make a statement, stand up and say it with your name attached to it. i will say i don't get your point about woodward's book. seems to me he is highly credible. whereas in the omarosa case, you can say... or even in the michael wolff case, you could say i don't know. but in this case, this guy's a veteran journalist

it's kind of like expected well many people around the world economy in particular the likes of paul krugman have been saying well you know where's the inflation there's no inflation all the peter schiff sort of people said there was going to be massive inflation because of all this money printing and quantitative easing and negative interest rates there's no inflation however because of the debt bubble and the black hole of debt there and that there would be bigger deflation and yet here we've seen as janet yellen recently suggested that the fed should. future booms right that the fed to deal with any crash they should promise market participants which eighty four percent of stocks in the us are held by the top ten percent but that they should promise market participants a boom and is this the sort of melt up are we seeing an irrational exuberance again are we see is this what the fed wanted is this an engineered you know you do have amazon you do have apple worth a trillion dollars there are several other heading towards that as well. you know this looks like a melt up you see in the chart

david: also "new york times" opinion columnist paul krugman, remember him? he is the one said it would be doom and gloom after the election. he says now judge kavanaugh is going to kill the constitution. anyway, what is happening with that? we're going to be asking steve forbes who will be in here in a moment and sound off on that and more. melissa: president trump on the hunt for the anonymous "new york times" author with his administration. more on the action he says should be taken now. ♪ a scratch so small you could fix it with a pen. how about using that pen to sign up for new insurance instead? for drivers with accident forgiveness, liberty mutual won't raise their rates because of their first accident. ♪ liberty. liberty. liberty. liberty. ♪ (guard) i've seen things unnatural things. these people they don't sleep... like ever. they reveal in extremes and defy limitations. these pursuits may seem unnecessary. but the scariest thing i can imagine is a world where this, doesn't exist. ♪ hawaii is in the middle of the pacific ocean. we're the most isolate

turn to "new york times" opinion columnist paul krugman.e says, i'm quoting directly from the headline, kavanaugh will kill the constitution. another quote quote from the op-ed. let me make a last minute appeal to republican senators who care about america's future, if there are any left. a little sarcasm there. don't do this, he says. a vote for kavanaugh will be a vote to destroy the legitimacy of one of the last federal institutions standing. that is extreme stuff. come on in, trump campaign advisor jeff balibon welcome back to the show, jeff. >> great to be here. stuart: destroy the legitimacy of the supreme court. have at it. >> hard to know where to begin. i'm going to begin, i'm not going to say it explicitly, you have hear of the randolini's law, i can't say it because i stay away from four-letter words. look up randolini's war. you said. these guys are johnny-one-note. president trump will kill the economy. the economy is booming. president trump will kill the constitution. brett kavanaugh will kill the constitution. they hate the

the us the people say the us dollars backed by the pentagon backed by war it's backed by even paul krugman to new york times is backed by violence so it seems in keeping with the spirit of botswana to have a currency that is promotes peace is that a fair statement yeah i'll think so because one on that. disk would. mean three well tell me more what i'm learning something. new is that what name of the currency has occurred had to be the new piece and it's called brain drain and sustains life when that is it and why it would. kick in i would sue that girl fad you know i would sue i mean so i think just by having cooling it's korea to me means you know we believe in this incest stain in the lives of the people who that time was on missile and no we don't care so let's talk about this for a second because they say that money is only good to be as effective as you can distribute it you know and not to be crude but they say it's a little bit like in the farming industry they talk about manure and they say you have to spread it around for it to be effective so it was money it's similar has to be

look at paul krugman, angry, angry.rish: yes, he is. >> people are doing things without their permission. can't let it happen. trish: i do remember that rather infamous piece he wrote on election night. >> still writing them today. trish: he went after me a couple fridays ago in one of his pieces because somehow he thinks social ism is probably the answer to all america's problems. i however, do not. >> that's a badge of honor. trish: what do i do. i know paul personally, nothing against him, what do i do, if he actually agreed with more that is more of a problem than us differing on that. >> you would be a rino if that happens. trish: let me ask you about a anonymous op-ed. i want to know what it would have taken for forbes to have published something like that? >> it would have had to have been a truly senior official, not a fake one. now come out that several years ago that the "times" took supposedly high official from the energy department trashing some policy or other, republicans liked, i forget what the details

we've pointed this out but now this is the new york times is and read tweeted and pushed also by paul krugman so we're going to go into some of the details that they're now coming around to in twenty eighteen that you and i were saying you know seven years ago eight years ago as well warning people about this but some of fracking is biggest skeptics are actually on wall street bethany mclean points out the sixty biggest exploration and pretty.

it's kind of like expected well many people around the world economy in particular the likes of paul krugman have been saying well you know where's the inflation there's no inflation all the peter schiff sort of people said there was going to be massive inflation because of all this money printing and quantitative easing and negative interest rates there's no inflation however because of the debt bubble and the black hole of debt there and that there would be bigger deflation and yet here we've seen as janet yellen recently suggested that the fed should. future boom is right that the fed to deal with any crash they should promise market participants which eighty four percent of stocks in the us are held by the top ten percent but that they should promise market participants a boom and is this the sort of melt up are we seeing an irrational exuberance again are we see is this what the fed wanted is this an engineered you know you do have amazon you do have apple worth a trillion dollars there are several other heading towards that as well. you know this it looks like a melt up you see in the

are imposing has the emperor been exposed as having no clothes other words the dollar as paul krugman of the new york times admitted is backed by nothing except men with guns so if that threat is removed and people don't take those men with guns seriously anymore like they shouldn't it is we're going to are we going to see this action over in europe ignoring the iranian sanctions that figure out ways to do business in iraq. is that going to open up a pathway toward a more egalitarian global economy less dominated by the big war machine in the us david i think it will think it's happening next you will know i watch not a lot of your stuff not all but the asian if the structures bank would be a believe you know i mean that plus if circumvented the swiss system as you know so there's all kinds of telltale signs that are just fiction or reality that have been substantial changes in the brics that have been used to circumvent the dollar and this will continue if you look at the silk road was going to take place between europe and china this is highway metaphorically that will take place an

you had economists like paul krugman preach for the choir. then president trump comes along and says we can do better and the data is showing that. consumer confidence, 18-year highs. both in corporate and real america. >> take it back to his administration. this is the new normal. we shouldn't be expecting 3% gdp growth. they deregulate, cut taxes and stimulate the economy. the nfib, the small businesses are the ones increasing wages. they are deploying their capital into their own people. they are raising wages on at least a third of their workforce. it's not just a top line corporate america story. this is small businesses that are increasing wages. they are the ones that create jobs. charles: greenspan loves to talk about productivity. another critical component of our comi economy, could that be a good component coming forward. >> you cannot have substantial wage increases. to throw a little bit of caution into the discussion. if you look at what the new york fed is discussing with what we already know about q1 and q2, we'll probably end

paul krugman of the new york times tweeting whatever eventually happens, brett kavanaugh was a smarmyng, entitled guy. obviously had a skeleton in his closet. matthew dowd writing she has nothing to gain and everything to lose. for 250 years we have believed that he in these scenarios. enough is enough. a former colleague of brett kavanaugh and michelle malcolm sounding off about the media's parent like demonization of the supreme court nominee. listen to this. >> can't win for losing. when people are accused of something wrongly, they have a strong reaction and brett was indignant, offended and all the things a person, a good person would be when they have been wrongly accused on a national stage and their name has been dragged through the mud. he would be upset too. it was the goodness in brett coming out to say this is wrong and i'm not going to take this anymore and i'm really glad he did that. they keep repeating and parroting over and over again that the accuser, ford was not on trial. neither is brett kavanaugh. and yet he has been convicted and hung by these have them high jus

paul krugman said the economy would probably never recover from donald trump becoming elected president. president obama deserves credit for having a long-lasting recovery, even thought it was slow and pathetic and sickly, the slow and steady growth was 2% when the average was 4% for the united states. president trump has gotten that right back up. the tax policy has yet to have its full effect on the economy. the massive deregulation aloud for a huge amount of excitement. president trump, it's his economy now, he owns it. kennedy: if you have a three-legged stool of economic greatness, and cutting spending. if the president could work with congress to do that, i don't think there would be any historic measure for how well this economy could do. i don't know if anyone in washington is bold enough to do that. >> that's something president clinton was able to do. that wrems had the throngest lasting economic good times the united states has seen. it went for 10 straight years. everybody remembers the 90s, it was largely pretty good. there the republicans don't have any appetite for it. th

paul krugman called for a worldwide recession, if not depression. the world was coming to an end.hat do you know. here's the thing. obama can try and take credit for this economy. why we know it is trump's economy is that from that day forward, consumer optimism went through the roof. small business optimism went through the roof. and business managers, ceos, optimism went through the roof. the economy is motored by optimism and the best thing happening in the last several days really was that the michigan sentiment index again hit a new high in september. so what's going to drive the holiday season, what's going to drive hiring and expansion? it's this optimism that things are getting better. you know what, you just have to give the nod to president trump for that. john: you know, the market was flat from november 2014 to november 2016. it was essentially flat. corporate earnings were flat. the market fell off a cliff when president trump first got elected but rebounded right away, when people decided to discount the capriciousness of then candidate donald trump with what was goi

we go back to the night president trump was elected, paul krugman and others saying it will be economicter, the market will crash, it will never recover. nancy pelosi saying that the tax cuts would lead to an armageddon, an economic armageddon, "the l.a. times," if trump thinks he can get more than 3% growth he is dreaming. these people were so wrong, why should we believe that president obama is now right? >> i think, listen i think we should all be pretty happy where the economy is right now. fallacy in thinking donald trump all that had much to do with it. let me finish -- david: you knew i was going to yum in. >> i sure in. i've been on the show once or twice before. david: go ahead. >> we're in history, one of longest periods of economic expansion going on nine years right now. david: yes. >> donald trump has been president for less than two years. so you do the math. it didn't start under him. david: we have done the math. kayleigh, so have people inside the white house of course. kevin hassett, one of his chief economists was at the press briefing. let's listen to a little what h

that was blamed by paul krugman at "the new york times" and "the new york times" in general as behind joe buckner's killing of gabby gifford said wendy to five others out there, which is insane. the southern poverty law center was for the most part left out the stories that the family research center. as recently as last year, "the new york times" editorial court proving they don't even read their own paper cited the crosshairs on their appearance website is the reason behind the shooting of gabby gifford's. he then had to issue a painful and embarrassing retraction. but you see how once something gets out there, it sticks with people. that is why they don't want the of the burning bro was one a shot at republicans at the baseball field inspired by progressive politics. they don't want that the shooter and family research center was inspired by this other law center. they don't want it out there because advocates out herbal stick. when "the new york times" editorial board, not some random reporter or somebody posting on twitter, and editorial signed by the board said something of a ne

that was by paul krugman at "the new york times" and "the new york times" in general as being the inspiration behind the shooting of gabbard giffords encoding of six people and wounding five others out there, which is insane. it's double standard. the southern poverty law center was left out of stories about the shooting in the family research. as recently as last year "the new york times" editorial board proven they don't even read their own paper cited the crosshairs on sarah payloads website shooting of gabby gifford's. they then had to issue a painful and embarrassing retraction. do you see how once something gets out there, if sticks of people. that is why they don't want the fact that was the one who shot at republicans. they don't want that the shooter and the shooter did the research center was inspired by the southern poverty law center. they've stopped. when "the new york times" editorial board, not some reporter posting something on twitter, and editorial signed by the board something in the same issue by the way. you realize what were up against once something gets into the consci

in new york, state that paul krugman in a tweet today said that we were saying was a heretical hellhole, is number 50 -- tyrannical. thank you, paul. always good press to her from a nobel laureate. in regular policy chances that the number one state followed by nebraska, idaho, iowa and indiana and yet again new york performs really stellar there. and now when you look at economic freedom, which is both fiscal and regulatory policy, you can seek in that lord is performing best across-the-board although in regulatory policy lord is actually as good as it is on fiscal policy or on personal freedom for that matter but it's the anywhere can probably improve the most relative to other states. he see that new york performs quite badly here. then in terms of personal freedoms, things change. new york is not number 50, not that tyrannical hellhole. it's only number 40. but you see here a separate cast of characters, maine, nevada, new mexico, colorado and again new hampshire. and, unfortunately, i lived in texas for a long time. i was a professor at texas state university, go bobcats. the fact

that was blamed by paul krugman at new times. the "new york times" in june as inspiration behind the shooting of gabby giffords and killing six people and wounding of five others out there, which is insane. it's double standards. the southern poverty law cetner was for the most part left out of stories about the shooting in the family research council. as recently as last year the "new york times" editorial board, they don't even read on paper, cited the crosshairs on sarah palin website as a reason behind the shooting of gabby giffords. they been at issue of painful and embarrassing retraction but you see how once the get out there, it sticks with people. that's why they don't want the fact that the burning pro is one who shot and republicans at the baseball field, inspired by progressive politics. they don't want that the shooter at the penn research center was by the southern poverty law cetner if they do want that out the because they know if they get out it will stick. when the "new york times" editorial board is not some ra

paul krugman spoke to bloomberg about the negotiations.ear, it looks as the status basically quo. my original prediction was that we would get cosmetic changes to nafta, enough so donald trump could say i won and business would go on. that is mostly the way it is looking. the leading candidate in the brazilian presidential race is in stable condition out of a -- after a neil -- near fatal stabbing. the attacker said he had been sent by god to kill the candidate. the elections are next month. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am taylor riggs. this is bloomberg. david: thank you. , a sunday,o today when hank paulson when in front of the press to announce the government was taking over fannie mae and freddie mac. >> fannie mae and freddie mac are so large and so interwoven in our financial system that a failure of either would cause great turmoil in the financial markets at home and around the globe. we have determined it is necessary to

>> for one thing you know you shouldn't believe paul krugman and most economists.f you put them in a room and if you asked them an on musely -- anonymously how they vote, they would all be liberal democrats. we have people with decent educations, general educations but not specific skills who can be retrained and moved into higher productivity jobs. the key is, you've got to make it attractive to invest in the united states and that means getting rid of not regulation that protects people, but regulation that just creates paperwork and that's what we're doing by getting decent trade agreements so we can export what we do well in addition to buying from the world what they have to offer and expanding these training programs so people can get it done. >> we've got to leave it right there. thank you for your energy and expertise this morning. we appreciate it. >> thank you. >>> more "fox & friends" on the otherch side. stay with us. buffalo style chicken in a pouch-- bold choice, charlie! just tear, eat... mmmmm. and go! try all of my chicken creations! chicken! you a

at "the new york times" paul krugman forecasts a crash and says the market will never recover.h record since president trump won. and the stock market has added $9.5 trillion in value. when it comes to money trump's policies were right. the left was wrong. and look what we've got. an economy growing at double the pace of the obama years. unemployment at generational low. all-time low for minorities. low interest rates and low inflation. that is big picture trump era economics. if you watch this program, you watch the most powerful stock market rally i can remember in my 40 years of covering financial news. since the election, the dow has gone up an astonishing 8,000 points. how often have we said, open your 401(k) and smile? well do it again now. 55 million with a 401(k). 30 million with an ira. a millions more with other pension plans, check those accounts now. you will have a very good day. thank you, mr. president. the third hour of "varney & company" is about to begin. ♪ stuart: well, look at this, 26,700. we're up 60 points. remember the election day? we were at 18,000. ge

steve: we heard that from paul krugman of the "new york times."ted the government in crisis and he build us back. of course, the legacy of donald trump and the reason he is trying to get republicans reelected to the congress in november is the fact that we are -- the economy is humming. that is his trump card. we had christian whiton a former senior policy advisor for donald trump and we had peter morsey on "fox & friends" earlier this morning. and they both talked earlier this morning about barack obama may be talking about his record over 8 years. they have looked at it wasn't so great. >> go back and look at the facts the financial crisis occurred in 2008 and stabilized in 2008 and should have been straight up from there. because of obamacare, because of the tax hike, because of the clouds he put over the economy for all 8 years of his presidency saying to business people you didn't build that because the company you created. well, there is a road in fronts of that company paid for by the government. all of that really killed economic growth. >