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Speaker 1: write to it today on Venezuela and Greenland. I said
Speaker 1: to Paul Sweeney, I think I learned more about Greenland
Speaker 1: Monday in twenty four hours than in my entire life.
Speaker 1: I really, you know, study up on it so I
Speaker 1: could ask Tina Fordham smart questions and all that. But
Speaker 1: there it is, Greenland and Venezuela. We extended the conversation
Speaker 1: today with Wendy Schiller. Let me give you some background
Speaker 1: besides her new book out on inequality State to State,
Speaker 1: which is getting a It's a very academic book. They're
Speaker 1: not going to do a Landman series out of it,
Speaker 1: but it's a very academic book. And Professor Schiller is
Speaker 1: acclaimed years ago for writing a basic Civics book like
Speaker 1: it was a big deal back then. It was just
Speaker 1: like Civics one on one for people who missed Civics
Speaker 1: one oh one. And Wendy Schiller Brown claimed for that effort.
Speaker 1: In that book is the Louisiana Purchase of eighteen oh
Speaker 1: three Schiller on Greenland and Louisiana.
Speaker 2: It is the Louisiana Purchase, and we're going to buy
Speaker 2: a major territory. Now, you know a lot of people
Speaker 2: don't know the scope of Louisiana purchase, how much land
Speaker 2: that was, and why it was so important, you know,
Speaker 2: to go west and sort of opening that entire gateway
Speaker 2: and really solidifying I think, US expansion. So it's really
Speaker 2: going to have to be a justification when again people
Speaker 2: are worried about things at home, the president seems to
Speaker 2: be focusing, with some exceptions, on matters abroad.
Speaker 1: Wendy Schilder later on GUNA. Mccunda was with US of
Speaker 1: Yale and Tough School, of the Fletcher School. I should
Speaker 1: say at Tough, so Professor mccunda said the same thing
Speaker 1: is it on Scaroid? Just what all presidents do? They
Speaker 1: shift from the domestic angst over to foreign analysis policy
Speaker 1: and maybe some inks there as well, and President Trump
Speaker 1: is doing that right now. We start a strong today
Speaker 1: with Jordan Rochester with Miszuo, and he went to something
Speaker 1: that I think is really interesting, which is all the
Speaker 1: outlooks come out and everybody reads them all. Samurai leads
Speaker 1: on this better than anyone. Read the Outlook six pages,
Speaker 1: ten pages. Dare I say an eighteen page outlook? I
Speaker 1: hate you? We read them all, there's a zeitgeist, and
Speaker 1: it all falls apart in the vicinity of mid January.
Speaker 1: Jordan Rochester and the angst of January.
Speaker 3: The hardest part of January every single year is we
Speaker 3: tend to have those consensus trades that everybody read about
Speaker 3: in those outlooks, ye start to unravel. It's quite famous, really,
Speaker 3: So typically have a few banks that do ten top
Speaker 3: trades and six out of ten maybe even higher, and
Speaker 3: fall apart in the first two weeks. So far, that
Speaker 3: hasn't been the case because volatierty has been relatively low.
Speaker 3: If you look at volt typically in January, youurro dollar
Speaker 3: volatility for example, falls in January around eight percent of
Speaker 3: the time going over the past twenty years, So it
Speaker 3: might be just a quiet January.
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