7 Burst results for "John Claude Trichet"

"john claude trichet" Discussed on Wall Street Breakfast

Wall Street Breakfast

08:31 min | 2 weeks ago

"john claude trichet" Discussed on Wall Street Breakfast

"Welcome to seeking health. Editor's roundtable what moved markets this week the week ending august twenty seventh. Twenty twenty one. The third week in august actually the last week in august but markets. Were not really that quiet. There has been a lot of big a bit. An uptrend here coming into the jackson hole. Symposium virtual jackson hole symposium that kicked off this morning with comments by fed chair. Jerome powell that we will talk about that for now have been breeded but with bullishness by the market. So i'm curious what my co-panelists year are going to say about all this about everything else and introduce them now in no particular order brad olsen the vp of news. Kim khanh senior news editor stephen alpher managing editor of breaking news. I'm your host and moderator nathaniel e baker senior editor of strategic contributors so. Let's kick it off with kim as we normally do to give us the big picture view of what move markets this week only got markets looking like. They're going to close out a winning week. On after powell's performance today jackson hole which the market reaction was. You'd say was. They took it to be dovish In a grind going into the the jackson home market stocks were moving slightly higher into it. They did have a chance to sell off though when there's some worries about the explosions in couple and that kind of gave the market excuse to shake off some of the froth from its all-time highs and get ready for powell's speech at the same time you had Treasury yields climbing up pretty strongly during the week. Right up until a jackson started on thursday with the you know the first fence speakers coming out and things held up. You had the the ten year going up around one point. Three five percents on you know kind of close to its highest for all of august. It's dropped off now. Post powell but You know it's still holding onto to gains for the week so we give them you see a lot of of recovering inflation sensitive sectors. Doing well interesting. Yeah in the sectors curious there brad. What you saw from the winners and losers. We did have some earnings this week. And some a little bit of drama around individual stocks thinking about peleton so who were the winners and losers this week breath it'll mean reversion. We talked about how we crude was Over the past two sessions that can reverse streak of seven straight losses earlier this week and that consequentially help a lot of these highly volatile in. Enp's and oil-servicing name's devon energy occidental petroleum. The patch eat baker hughes halliburton mecca. Talk about those every single week. The either in the loser column or in the winter column. What i loved about this week was at least in the top ten. It was a nice even split among the winners. You had the five names in the energy column and you had five names In in gaming so penn national caesar's when Mgm in las vegas sands were the other five winners among the top ten Just i guess a emblematic of a little bit of the reflation trade is back on Delta varian is still a concern. There are some pockets that are growing but i think the market is looking a little bit ahead ear to the fact that maybe we're moving more towards her immunity on not so sure that being said the positive indications from the retail space is you set now. Some of the earnings best buy was pointing to really strong consumer demand and their earnings. Kohl's talked about turnaround in the consumer and they raised their outlook. And then on the other side of the weakness you saw. Were all the defensive. In staples names the names used to plow into When strains of cova decided to to rear up against general mills dollar tree jams smucker tickers. s j m. Were all calling out. Not all of them because they didn't report names like dollar tree for example in another state call out. Inflationary pressures like we're talking about the top of the show. Seems like yes. There is some sort of degree of of pass through a of inflation but clear that at least among some of these names these are low margin names typically out they are seeing some some inflation stick around Which couldn't back some of their margins and just one interesting loser to throw out there for the week was not on my list but just a fun fact. According to sentiment traitor amazon now over the past three weeks is now brought a lagging the broader market by its largest degree ever as a public company. So it seemed to me that you couldn't type the the share price movement fast enough. It was hitting thousand sitting two thousand three thousand But it seems like the last couple of weeks of just kind of stalling out forbidden. So that's kind of interesting. I don't know if that coincides with benzoate stepping down or him going into orbit but when way when the other it is an interesting interesting story. Yeah very interesting. Trends there stephen. What were you watching. I know there's been a lot of debate about the fed. And the powell comments What's your take there. Yeah i mean there was no major policy announcement. There which really hasn't happened since since bamber nike many many years ago. But i think it was important. I think i think powell speech did lean dovish. I think it was a a pushback against some public comments by others. Bullard bostick carter leading up to his speech. Those guys seem to kinda wanna move aggressively towards the taper. Powell gave to me indicated that he has no intention of aggressively moving towards taper and markets reacting positively bond yields are down. Gold's up dollars down. You know he's clearly learned the lesson of We talked about last week john. Claude trichet who tighten policy Response some ugly headlines headline inflation numbers in and helped contribute to that To the us debt crisis and economic crash and he's clerk cows clearly learn from two thousand eighteen when he hiked hydrates rates in and caused a bit of a market panic. So i don't think he's gonna move aggressively at all to taper and It was was little. Wasn't didn't get enough mansion last night because there was a lot of other news going on but the white house leaked that. They're considered leaning towards reappointing him as chairman of the fed and Lael brand as vice chairman or chairperson. So i mean there's no coincidences in public policy. You know so. I think it was. It was a signal that he he's on board with kind of. He's not gonna tied it with a lot of the other stuff going on right. Now and brainerd also rightly or wrongly has a reputation as a dove. So you've got to kind of fairly dovish voices. They're going forward atop the fed. Yeah i thought it was really interesting. Some of his comments around the infl- tightening. And how if it could be opposed a greater danger to tighten prematurely or to aggressively than it would to just let things run their natural course and perhaps it is based on his own experience in two thousand eighteen. But that seemed to be something that was that was new his comments. I guess it's important to distinguish here between tapering and hiking tapering. Sounds like it's still gonna go ahead late this year early next maybe but higher interest rates and he said this to that to raise rates they would need more it. Would it'd be more scrutiny than for tapering. So it was all very interesting. Nviend i think quite dovish yet. And it you know yes. There is a difference between tapering and hiking rates. But not as much as you think. It's it's tighter policy than otherwise right. So are we going to go on a path of tighter policier. We can continue with the existing policy. Is the bottom line. And he doesn't show any sign of wanting to tighter policy. It's a new trajectory right. It's all about the trajectory shift. It's not like they're gonna be tightening and loosening and tightening and loosening in short order. It's all about this longer. Trajectory move but this has been involved in for some time. The fact that they're they're going to be tapering right. So yeah and what follows. That obviously is tightening. But anyway let's move onto the next segment of the show where we discussed our favorite stories that we've seen edited contributed to seeking alpha or perhaps seen elsewhere on the twitter..

powell Jerome powell brad olsen jackson Kim khanh stephen alpher nathaniel e baker Post powell baker hughes halliburton fed Delta varian bamber nike Bullard bostick carter kim cova Claude trichet Mgm Kohl
"john claude trichet" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:57 min | 7 months ago

"john claude trichet" Discussed on Bloomberg Radio New York

"I'm going to see a lot of sectors come back. We should see a lot of sectors comeback that are things like restaurants and movie theaters that Mikey Services tend to be a little lower than average productivity. That means they're gonna have higher than average jobs per amount of GDP. Gross. So s I think we're set for a very good year in terms of job growth. In addition, the participation rate way anticipate will Mostly recover some of the game some of the losses it suffered over the past 12 months, in part because Those who are concerned about, you know, face to face job seeking can actually get back in the labor market as well as hopefully, the normalization of school schedules should allow You know parents to get back in the labor market, so it should be good from both the perspective of the number of jobs created as well as you know the amount of the population. It's actually back in the workforce, and perhaps markets have already prices And at least if you look at the equity valuations that we're looking at, and the question is what happens 2023. What happens 2024 even 2022. Whether there is sort of an ongoing virtuous cycle it gets created. By some of the stimulus by the job creation and growth can go a little bit faster than people currently are expecting. What's your view on that? Given the sort of consensus that we will see a slowing out of growth, a slowing out of inflation and return to the environment that we were in pre Cove? It? Right. So as Tom mentioned, you know, we have been somewhat cautious on potential GDP growth. But there have been some developed developments that have been I think favorable when thinking about the longer term outlook, one of those is that capital spending has really recovered quite robustly, particularly spending on tech. Rnd things that tend to be sort of high productivity. Uh, categories of spending, So I think that's one favorable development. I think if we do get an infrastructure package later this year, which seems Him likely. There's a lot of evidence that suggests that infrastructure eyes good for the economy is long run growth rate. So There are still a lot of negatives out there in terms of slowing growth in the labor force that will keep trend GDP growth definitely below 3% and probably below 2%. But there have been some favorable developments When we look at the productivity picture, Michael to finish up on the bond market. We've got a 30 year to 25 tens at 1 46 years bleeding Heart again Chairman Power tomorrow. You expect Chairman power to stay on script? I do. I think he's going to remain quite rubbish. I don't know if he unnecessarily is gonna have to fight the market per se, but I think he wants to. We'll have to reiterate that They're going to hike only when they are confident that inflation is going to be above 2%. And right now, it doesn't look like the inflation markets are pricing persistent above 2%. PC inflation, So I think power will have to address that. That perhaps misperception the market that they're going to be quick to tighten. Even when there's no inflation pressure out there, there's it for really. I want to steal a phrase from John Claude Trichet. And that is the idea of diffuse He was talking to me about productivity, defusing What is the diffuse mint of stimulus? Do you and your combine over there under Bruce Kasman? Do you have a confidence in knowing how stimulus will diffuse through the American system? I don't think the economics profession really has a lot of confidence in in understanding, stimulus to, you know, to the decimal point. We do think it will. Um Obviously boost spending, particularly stimulus checks, and that should help the overall economy. And once we kind of get out of this patch were and where we still have a lot of excess labor resource is Should help, you know, broad set of sectors of the economy. But, you know, I think we do have to be humble and kind of putting too much false precision on our understanding of how fiscal stimulus affects the economy too much, Okay. The number for Friday Mike For Friday. We're looking for 200,000. Okay? Yeah. My friend. You could say, sir, as always, JP Morgan, Chief U S economist looking for 200,000 on Friday. The range anywhere from 4 30 Positive toe Negative 35 times you do do Listen, John. You do pools on that. I actually won once and nailed the report. I've never done it since then. I haven't done it for a long time. You wanna do job skills? I don't do it. Don't do it. Okay. What do you betting I'm not getting anything. I'm betting that I'll survive the week. I guess drinks on the person who loses, so we'll put out our views. You wanna put out a number? You don't know. I don't I don't want you guys could do it. I refused to do it. Okay, so we'll be talking about it. Drink inside. Think it's so ridiculous. I mean, I get Feroli saying 200,000, But do we all agree? It's like a massive guesstimate. We said, I think estimates 1 95 is your median guesstimate. Coming from Friday. Director Travels Median Move Mike Farrell you JP Morgan is looking for much bigger numbers in the months to come to number would say that again. John 6 25 looking for 6 35 average 6 85 Ridge average. So that's 67 million people employed to over 10 months age numbers, and the point that he made here is that if it's a services led recovery that the productivity of each job is less so, you need more jobs to get created more people to go work in those restaurants. Old school. There's no question about that school recovery and the reactant standard. Let's be clear about that. Governor Abbott got fixed. I didn't eat. That's it. Bottom line down. I don't know where we are on the clock. John, did you just see the Europe headline Europe sales of new bonds. Exceed a good Julian dollars in record time. What do we make of that? Whereabouts have a high yield record, I think for this month hold on one second Tom, the Alfa If your bet on payrolls Really? He said that chance Wow. Drinks, you know, we have to find someplace open. You know her medically shield. But then I'm gonna take you already have haven't of it. All of the above, believe jobs air going up 232 your impressions and dollars question the impression Should Mike McKeon pressure We're going up. 242,000 take 40 take different. Here we go. OK, thanks for that. What I know is Red Sox pitching is riff. Wonderful. All I know this was a value and part of the shut the program absolutely coming up. In the open in about 20 minutes. Time. Create spaces. Senior equity strategist Patrick Pal Free on Bloomberg TV. Tom will take you over to Bloomberg Radio can't get down to the opening bell as we can get down to that futures do roll over a little bit on the NASDAQ briefly negative in the last 10 Minutes or so. The S and P 500, which have five and off by 1/10 of 1%. This is Bloomberg. Now, the latest news from New York City and around the world hears Michael Barr, the U. S. As rockets hit in Iraq base hosting coalition troops. Bloomberg's We need a young.

John Claude Trichet Bruce Kasman Red Sox Tom Mike McKeon Michael Barr 200,000 Michael New York City John 2023 2022 Mike Farrell 2024 Patrick Pal Free Feroli 1/10 Bloomberg five Mikey Services
"john claude trichet" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:03 min | 1 year ago

"john claude trichet" Discussed on Bloomberg Radio New York

"A prolonged low rate environment I think we have taken a conservative outlook on the interest rates their full in this regard we also changed a lot on the line planning and Goldman's twenty twenty call sees U. S. economic and earnings growth we'll hear from David Kosten chief US equity strategist having a view hello good sense is gonna make you necessary a whole lot of money all this and more coming up in the next hour okay best from Bloomberg world headquarters in New York I'm Doug prisoner let's check this hour's top business stories and the markets there are mixed signals on whether the trump administration will implement fresh terrace on Chinese imports as of Sunday White House adviser Peter Navarro was saying earlier he has had no indication those tariffs won't be put on now to be fair Navarro is the consistent hawkish voice from the administration earlier we were told Chinese officials are expecting the trump administration to delay that threaten terror of increase in other trade news house Democrats have embraced the U. S. Mexico Canada trade agreement after some key revisions were made the house is planning to vote on this the next week in the Senate Majority Leader Mitch McConnell was saying the Senate will take it up after any impeachment trial the fed's two day policy meeting will wrap up tomorrow in Washington followed by a press briefing from fed chair J. Powell Dow Jones is reporting Saudi officials have held meetings in recent weeks with international investors to sound out their views on a possible listing of Aramco shares in Asia after the bell here in the U. S. chevron said it will write down as much as eleven billion dollars on its natural gas assets more than half of this race a write down is due to the reduced value of its holdings in the Appalachian shale region we check markets every fifteen minutes here on Bloomberg the end is holding firm at one OO eight seventy four against the dollar and in the equity market the Nikkei two twenty five is down two tenths of one percent in Hong Kong the hang sang is higher by two tenths of one percent on the mainland Chung high composite is essentially flat meantime and sold the cost be higher by two tenths of one percent and in Sydney the ASX two hundred I had by nearly half of one percent global news twenty four hours a day on air and on quick take by Bloomberg powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries I'm Doug prisoner this is Bloomberg former European central bank president John Claude Trichet reflected on the legacy of former federal reserve president Paul Volcker who passed away at the age of ninety two calling him the iconic central banker Trichet's spoke with Bloomberg's Jonathan ferro and Tom Kean the last book he published to keeping IT has been absolutely incredible in terms of lessons to be learned from your life he said the three keys are able prices sound finances and good government and that he was not the putting his palm it to say that today on some finance and good government it practically old advanced economy way I'm not up to the challenges stable prices we are leading in the legacy of Paul as we got this ticket prices which which she gives a measure of his own influence on the he's on the children at the bank can't say enough about the book keeping out of course this is Mister Volcker writing with Bloomberg news Christine Harper great honor to have Christine write that book with chairman Volcker in his final two years of life shone poetry shade a new phrase I know John for a wants to jump in here on it let me get the conversation started how does John Claude Trichet define fiscal space well I would say a lot of on please have some physical space in your advanced economy and should utilize their school space as the P. as possible with great determination in their interest and in the interest of the continental and global economy all others are in a totally different situation and that's all the difficulty with the concept of peaceful space at the global level as well as at the European level thank you to tendency to over simplify the recommendation and to say either used to be there the sound and reasonable as regards to the fiscal position all you should be as expensive as possible but it's not like to simplify over simplified accommodation follow follow number of countries like Germany and the Netherlands as examples A. V. I. D. that there should be much much sure I would say I aggressive utilization of physical space is absolutely right and goes without saying in my opinion all those it's not the same and I give the date on the United States of America thank you bye my understanding because at the risk of position he's not signaling a lot of the school space in the U. S. packaged in life you don't call this sun focus on Europe a at an area that you have to have a C. as the C. B. president since two thousand three that was the last time that we have a multi policy review at the C. B. Christine account is now undertaking that tell us what you think needs to be done well I think she's right to to look at it exactly like the fed to look today in the visitation pagan skin continues even not misled is so we we have a number of issues that that state a week we tell the judgment that you are I would say making on non conventional measures that have been sold as heavy as polite as by the older central banks in the world is it something that you would consider permanent and structural or is it something which was greedy and victory waiting for her as the economies of the advanced the country's going back to normal then says error you have also will be a way how do you run your division of price stability United States paid to look at he is a certain angle and concluding provisionally to my knowledge we don't change the differential price stability two percent but we are we will be more symmetric he know utilizing this decent definition of price stability so is it the same questions to might be us in Europe now you want understanding is that the most important one is certainly the definition of positivity and how do you run that and I would personally a I would take positionally concluded that the change of the figure would not be appropriate personality at the time that he was called Mike said to go up to four percent instead of two percent I don't think it was a it would have been a good idea to day to day strange I you don't styles the idea that you will percent or one percent would be better it seems to me that we should not forget that the central banks are there to anchor medium and long term expectation and that being said it's clear to me that to this running of monetary policy with these definitions should be symmetric of course and I am Luigi Tatian on that but again I don't want to anticipate on the medication of the governing council that was John Claude Trichet former ECB president coming up Ryanair CEO Michael o'leary your fears you take care of business and don't hold back taking care of your health shouldn't be any different.

one percent two percent eleven billion dollars twenty four hours fifteen minutes four percent two years two day
"john claude trichet" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:23 min | 1 year ago

"john claude trichet" Discussed on Bloomberg Radio New York

"European central bank president John Claude Trichet reflected on the legacy of former federal reserve president Paul Volcker who passed away at the age of ninety two calling him the iconic central banker Trichet spoke with Bloomberg's Jonathan ferro and Tom Kean the last book he published the keeping IT has been absolutely incredible in terms of lessons to be learned from his old life he said the three very keys are able prices sound finances and good government and he was not the putting his upon so to say that it on some finance and good government it practically old advanced economy way I'm not up to the challenges Stephen prices we are leading in the legacy of Paul as we got this ticket prices which which she gives a measure of his own influence and the he's on the cheek as a banker can't say enough about the book keeping out of course this is Mister Volcker writing with Bloomberg news Christine Harper great honor to have Christine write that book with chairman Volcker in his final two years of life shone poetry shade a new phrase I know John for a wants to jump in here on it let me get the conversation started how does John Claude Trichet define fiscal space well I would say a lot of countries have some physical space in your advanced economy and should utilize the LP school space as the P. as possible with great determination in their interest and in the interest of the continental and global economy all those in a totally different situation and that's all the difficulty with the concept of peaceful space at the global level as well as at the European level they keep the tendency to over simplify the recommendation and to say either used to be there the sound and reasonable as we got said that he's good position all you should be as expensive as possible but it's not going to simplify over simplify the recommendation well follow number of countries like Germany and the Netherlands as examples A. V. I. D. that there should be much much I would say a aggressive utilization of musical space he's absolutely right and goes without saying in my opinion others it's not the same and I give the date on the United States of America thank you bye my understanding because it is if he's good position he's not signaling a lot of physical space in the U. S. techies to make you don't call this sun focus on Europe a at an area that you have to have a say as the C. B. president since two thousand and three that was the last time that we had a moment she policy review at the CP Christine the count is now undertaking that tell us what you think needs to be done well I think you're right to to look at it exactly like the fed to look today in the visitation pagan skin continues even I'm not misled so we we have a number of issues that that state a week we tell the judgment that you are I would say making on non conventional measures that have been so so heavy applied by the older central banks in the world is it something that you would consider permanent and structural or is it something which was bleeding and Victor are you waiting for as V. eight economies of the advanced countries going back to normal themselves ed you have also will be a way how do you run your division of price stability United States said look that he is a certain angle and concluding provisionally to my knowledge we don't change the differential price stability two percent but we are we will be more electric he know utilizing this decent definition of price stability so is it the same questions might be asked in your heart my you want understanding is that the most important one is certainly the definition of price stability and how do you run that and I you would personally as a I would say provisionally concluded that the change of the figure would not be appropriate personality at the time I was gone I said to go up to four percent instead of two percent I don't think it was a it would have been a good idea to day to day strange I you don't styles the idea that you will percent or one percent would be better it seems to me that we should not forget that the central banks are there to anchor medium and long term expectation and that being said it's clear to me that there is this running of monetary policy with these definitions should be symmetric of course and I am always the duration on that but again I don't want to anticipate of the medication of the governing council that was John Claude Trichet former ECB president.

John Claude Trichet Paul Volcker president two percent four percent one percent two years
"john claude trichet" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:57 min | 2 years ago

"john claude trichet" Discussed on Bloomberg Radio New York

"Along with town gene and Paul Sweeney and the S. and P. five hundred is higher at the open up a tenth of a percent or two points to thirty fifteen Dow Jones industrial average up to transfer center fifty one points to twenty seven thousand two hundred fifty and the nasdaq's up to transfer center sixteen points to eighty to eighty nine ten year treasury that'll change on two point oh five percent the yield on the two year one point eight three percent NYMEX crude oil up nine tenths percent or fifty four cents a fifty eight fifty nine a barrel call my school the tenth of a percent of a dollar ninety to fourteen forty three seventy announce the euro one point one one four seven against the dollar the yen went away point six two Tom and Paul the current thing so much of liberty interactive brokers tutors and fed day enter couple it's publishes moments ago and General Electric at city group he makes real clear he raises the two thousand nineteen free cash flow outlook we'll do that with current apple are here in fifteen minutes right now the interview of the day for those of you worried about weaker economic growth in is the fed behind Sreekumar of us record global economics has been absolutely dead on on a diminished GDP out of the trump stimulus any joins as a whole was low the the the chairman and his PhD is have to frame out an economic growth bottle which I would believe you gonna tell me is sub two percent but house services Subi of two percent I'd I'd the Mormon dom a good morning microphone three go to close it okay first with doctor yes I I would say one point five to two percent is a base case without the trade water getting much was without a currency water without anything geopolitical run rate is a center tendency one point seven five percent let's say that is the mid point hello Eddie for any of the following happened that is the big conflagration in the South China Sea Iran Saudi Arabia already if you have one the economic side the deviation of the tread water then you are talking about is getting even lower another guy conflict conflagration would be if the red Sox because not gonna happen all right a tree so again you mention trade wars I mean it it it appears that nothing is gonna happen it you know we just they just are on the way back from Shanghai the US contingent looks like it you know it best it's going to kick the can down the road is that enough for the market is that okay for the market just to kick the can down the road if it is just to kick the can down the road combined with continued fed rate cuts and probably resuming of quantitative easing we're gonna take you you for then I think you can keep it going for about six to nine more months ball the issue is at some point in time the valuations reach to very high levels I'm looking for one point five percent on the ten year I am you can have let's say another ten to fifteen percent rice inequities then people are going to realize that the valuations are not supportable I call it the Dutch tulip mania central office building sixteen thirty seven it kept going up and up and up people thought they could beat up the price of just one brother both units and then you figure it out eventually that it does not it seems way too high when that happens it's hard to say but that's exactly what we are headed with the way the fed is behaving despite the great wall some are suggesting perhaps even a recession mid to late twenty twenty are you in that camp hi I mean to me twenty twenty camp in terms of the recession except for the last two days Monday Tuesday and today Wednesday the three month to ten year has been consistently negative yeah I'd just today this morning it is gone slightly to the positive side my expectation is is going to go back very quickly down again to the negative level after the fed decision this afternoon so what do you expect anything so let's say the fed does twenty five percent today do you think they go all the way in do maybe three more rate cuts by mid next year they're gonna be that aggressive in that consistent they will do whatever the market wants them to do okay so if you find that they ever dated depend not market I think the data is made said dependent okay the data is tailored to whatever they want to say inflation is expected to go up to two percent even if it doesn't go up in ten years you keep repeating it if we have a boom economy and if we have a this is me if we have a boom consumer even though other segments of the equation or diminished can they what do they do when they're up to is free and for rate cuts if they got a boom consumer you have a bold consumer today you have had the consumer even supporting in the diminished growth of the second quarter Tom but if you look to see what happens go back to two thousand six two thousand seven December two thousand seven when the recession began the consumer sentiment was very high because the S. and P. five hundred it just reached a record level stock prices were high whole whole prices were high consumer sentiment was high into the that was the beginning of the recession so the catalyst that so the cattle's there in in obviously in in twenty seven twenty eight was the housing market and all the derivatives tied to that and so on and so forth is there anything what would you think would be a catalyst for a recession whether it's mid to late next year well I think what the situation today is the hosting is knocking that kind of the situation anymore we are in safer situation all other kinds of debt have increased substantially because of the very low interest rates the difference between two thousand seven and two thousand nineteen is the fact that today the interest rates that are to be read to Lowell compared with baby would be two thousand six two thousand seven you could then talk in terms of blowing the rates I tried to put an end to the ground recession that was starting to take place the question is what do you do what the state debt is excessive that is to to date of one point five trillion millennials cite unable to purchase their first homes and all of that is good to transmit to the economy eventually with the owning scrolled starts to slow down it's probably going to be very good in the second quarter but we are looking for your tone down that after but are we going to see that coming I mean one of the great studies of economics you really don't see recessions coming I mean you you're enjoying a boom you enjoy the boom you don't see a recession coming and you don't even know you go to session when it happened take a game the last one may of two thousand eight oil prices hit a hundred and forty five dollars a better hi John Claude Trichet as president of the European central bank on July third of that DHEA Tom he thought inflation was the big risk and he increased interest rates easy be raised rates July of two thousand eight and then they had to of course backtrack ready could be cut several times well the end of the year so inflated recession doesn't wave a flag before it comes but in terms of what is happening with housing right man hold a four WD indexes steadily declining according to the Bloomberg terminal on my most favorite index ones and only value week up every morning to the Bloomberg terminal to look at the negative using that and today we are that the new record level loss of last night thirteen point eight trillion right I'm looking for that to go to twenty trillion before the end of two logs in your bedroom streams he amber glow across her bed right that's what makes me up thank you so much greatly appreciated of course we get a huge response from doctors camara's on to is because of a a more tepid economy green on the screen I don't to make of it Paul it really does have a preferred look does it does it does I mean you looked yesterday just up a couple of points here and I think people will have a silence he come back at two o'clock well there it is little bit agreed in the screening yields use a common excuse me the two year locked one point eight three two zero I go to four digits on that day that's what we do here one point eight three two zero on a two year old don't forget over coverage Bloomberg radio Bloomberg television we do that two PM this is Bloomberg a national headlines right now with John Tucker jun up Poland Bernie Sanders Elizabeth Warren set the terms of debate the crowded.

Paul Sweeney two percent two year five percent ten year eighty nine ten year eight three percent twenty five percent forty five dollars seven five percent fifteen minutes fifteen percent four digits three month ten years two days
"john claude trichet" Discussed on MAD MONEY W/ JIM CRAMER

MAD MONEY W/ JIM CRAMER

02:02 min | 3 years ago

"john claude trichet" Discussed on MAD MONEY W/ JIM CRAMER

"Now there was a time when the big banks the world world shake your footing and far more intertwined in the art today back then these contagious stories gravitas that's no longer the case these are reasons to buy our banks not to sell them but try telling that to the seller soup panic today in the old days it made sense for the us market to go down the detained financial crisis seven years ago we had a similar situation italy at the time that your pin central bank was raising interest rates to fight non existent inflation when the real illness was deflation john claude trichet the now disgraced sent central bank chief raise interest rates twice right into the teeth of recession john claude van damme would have been a better central banker on november nine twenty seven italian tenure hit seven point four eight is government broke down south near the turmoil caused buyers to void new italian bond issues sound familiar worrisome is it always the third largest bank it used to hearing that because it's meant to freak you out this spillover was the dow plunged eighty nine points from twelve thousand eight hundred seventy two thousand seven hundred eighty one in a move it was this catastrophic as it was ridiculous i say is in retrospect there was no one ever a new central banker mayor draghi took over the starters bond by program the italian market among the greatest single investments in history right went almost every expert was telling us it would collapse the corners before as appointment was predictably concentrated in vigil financials or the globe but let's just stick to a home with this cookie ajay maureen stock dropped from thirty five to thirty two on that big down day and before rallying a bit and then finishing member of twenty seven at twenty eight dollars turns out get this twenty bucks right do you know it was the last big buying opportunity for the stock quadrupled key magic acquired drubel this full european scare sends the world's premier fans down hard and.

claude van damme mayor draghi us italy john claude trichet twenty eight dollars seven years
"john claude trichet" Discussed on MAD MONEY W/ JIM CRAMER - Full Episode

MAD MONEY W/ JIM CRAMER - Full Episode

02:02 min | 3 years ago

"john claude trichet" Discussed on MAD MONEY W/ JIM CRAMER - Full Episode

"Now there was a time when the big banks the world world shake your footing and far more intertwined in the art today back then these contagious stories gravitas that's no longer the case these are reasons to buy our banks not to sell them but try telling that to the seller soup panic today in the old days it made sense for the us market to go down the detained financial crisis seven years ago we had a similar situation italy at the time that your pin central bank was raising interest rates to fight non existent inflation when the real illness was deflation john claude trichet the now disgraced sent central bank chief raise interest rates twice right into the teeth of recession john claude van damme would have been a better central banker on november nine twenty seven italian tenure hit seven point four eight is government broke down south near the turmoil caused buyers to void new italian bond issues sound familiar worrisome is it always the third largest bank it used to hearing that because it's meant to freak you out this spillover was the dow plunged eighty nine points from twelve thousand eight hundred seventy two thousand seven hundred eighty one in a move it was this catastrophic as it was ridiculous i say is in retrospect there was no one ever a new central banker mayor draghi took over the starters bond by program the italian market among the greatest single investments in history right went almost every expert was telling us it would collapse the corners before as appointment was predictably concentrated in vigil financials or the globe but let's just stick to a home with this cookie ajay maureen stock dropped from thirty five to thirty two on that big down day and before rallying a bit and then finishing member of twenty seven at twenty eight dollars turns out get this twenty bucks right do you know it was the last big buying opportunity for the stock quadrupled key magic acquired drubel this full european scare sends the world's premier fans down hard and.

claude van damme mayor draghi us italy john claude trichet twenty eight dollars seven years