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