Did Biden Get the Economy All Wrong?

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 18 November 2021

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

DB-Nov 17,2021: After weeks of backlog in the L.A. ports, officials say they’ve finally made some progress and cleared about 29% of the cargo. Last month’s retail sales report resulted in a gleeful leap in stocks and the U.S. dollar. As inflation continues to rage through the economy with the highest CPI in 30 years, President Obama’s former economic adviser, Steven Rattner, blasted the Biden administration for getting it all wrong despite warnings. Bitcoin, which hit an all-time high earlier this month, continues to fall. Darius Dale of 42 Macro joins to give his insight on the resiliency of the U.S. dollar, inflation, and Bitcoin. Interviewed by Maggie Lake. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3kMfoAi Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:35.4	Hello, welcome to the Real Vision Daily Briefing.
0:37.8	It's Wednesday, November 17th, 2021.
0:41.0	I'm Maggie Lake here with Dariusdale of 42 Macro.
0:44.4	Hi, Darius.
0:45.4	Hey, Maggie, how are you?
0:46.8	I'm doing well.
0:47.6	Thanks, making it through the week, great hump day.
0:50.0	And it was a little bit of an interesting one.
0:52.6	U.S. stocks retreated across the board.
0:55.2	We actually had the rustle, the biggest loser of the major averages down over 1%.
1:00.0	We saw Treasury yields, meanwhile, edge lower.
1:03.8	And the U.S. dollar index at its highest level since July 2020.
1:08.0	The currency action was very much in focus over in Asia as well.
1:12.2	Real visions.
1:13.2	Weston Nakamura sent this report from Tokyo.
	...

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