4 Burst results for "Mayor Draghi"

"mayor draghi" Discussed on Slate Money

Slate Money

08:56 min | 8 months ago

"mayor draghi" Discussed on Slate Money

"One react wondering feel the story let me actually move back to your friend. Mario draghi and europe. And i wanna ask you about because you are now. The co proprietor of the loss-making then you've european. It's not lost. Make you your stays thanking. You need to do your research. It's not it made a small profit so going to invest. Or you're going to the money in the next you the felix raise money if we're not going to invest so that it can make lessons it's it's actually to invest during including keep fighting with the new european. What is what is the new year. The new european was pump newspaper paid in the supermarkets after brexit in two thousand sixteen and it's grown for circulation of just under twenty thousand. It's got a small digital presence. It tons of very small profit. But it's basically it was an anti brexit news sheet and a forty eight pages weekly and now look the war's over brexit has been settled so the new european which appealed very much to that forty eight percent of brits who voted for remain against brexit. What's he gonna do. And i was approached to invest that magic word and held them. And i've decided because i'm very pro-european i think it's a shame about brexit without subtle if i can help and grow this thing a bit then old. Good you still. It seems have some kind of hope and faith in the european project. What chances do you give mayor. Draghi in italy is prime minister. You think he's going to be able to succeed by in light. How should we measure whether he succeeds not as an enormously difficult task because he doesn't come out of the political arena. He my party following it to run a party. So he's essentially being appointed because of his moral authority and his record is a central banker. He's tossed how we measure his success. And i think frankly i don't know whether he lost long them. Maybe eighteen months or something. That's pretty off the coast in italian politics. But it'll be by two things. The first is how he tackles the public health crisis which endures so. Vaccinations you can get a bit of british lock. The way we in britain accelerated on vaccinations. You got the vaccines in got a program out. That will be the first thing so you see the tide of covid infections declining and so the restoration of analogy. That's number one number. Two italy has four hundred billion or so euros to spend under the european union's one point nine trillion also euro relief package which included a very important commitment by the germans unprecedented to grow common barring the financial markets. Mario draghi needs to be able to tap that money in order to do so. Who need to be some economic reforms. Labor market and from whatever pension reform things like that that sort of the conditions for disbursement that money. If he can do sixty or seventy percent of that he will be hero of italy. I would give him evens. Chances by would say hasn't the the the ability of politicians to push through like quote unquote structural reforms. Especially in this era of you know kind of populism in italy in particular because of how fractured it seems like he's going to have a very very large challenge ahead of him. Oh it's huge. It's huge. I spoke to a senior taliban official today. Said he dropping yet another name and he said look in the end. This is the right choice for italy. It might not be the right choice. For mario draghi but we're fortunate that we can call him and he is almost the last cod standing on the deck. He didn't want to do this. I know that he stayed away. He was dreading the cool but in the end. Things have got so serious. The such deadlock. He's taken the challenge. And i wouldn't write him off i. It's really difficult on the ball of expectations needs to be set low true. Maybe doesn't it also say something that the most famous person. The person that everyone is turning to is a central banker. And i guess perhaps that also says about where the global economy is right now or has been for the past. Well i think that's very important because the ellen obviously is treasury secretary dragging now is prime minister This is true that there was talk. About mach connie becoming the leader of the liberal party in canada. Remember that he always had political ambitions. You think that's a new thing that we're going to start seeing central bankers becoming politicians. Now i don't. I think drug is the exception that tests that rule. I think yes mark. Connie was may have been interested but then christa freeland that f. t. Journalists snuck in under the tent flat and of you know she's proving very good so in general. I think it tells you it's what was said earlier. It says something about the moral authority of auditions. That you know the technocrats central bankers are seen as the sort of potential saviors. They're the only ones left that are effective. They're also elected when they're central bankers raises their unelected. But it's also dangerous the way we've become and you know we haven't really talked about this but this is a theme in the book about qe and the power of the central bankers that it's almost that the fiscal policy that's in the bargain has really been downplayed ignored him. We've just got addicted to this easy money and quantitative easing monetary policy to keep everything afloat although that conversation is changing since we can be a little bit topical here the big noise in washington. This week is lowering summonses. Op ed in the washington post. Another central bank attend politician who has been basically on the site of. Don't do too much fiscal policy. One point nine trillion dollars is too much in warning of some vague parade of horrible. He's definitely left the democratic party reservation at this point line. On what's your opinion of larry. Mize brilliant intellectually brent wrote for the f. t. i wouldn't ever challenge him in an economic soggy. I'll tell you that his voice counts still. That's my opinion. He's a platt because of his intellect. So larry summers was an f. T. is i don't know if he's still has an fte columnist but he was one of when you started up the online commentary. He was one of the first. I think you mentioned and then in two thousand eighteen there was this letter to the editor published in the f. t. that you tweeted and the letter was you know the ftc's mostly white guys in there. There just isn't very much diversity and that's bad and all this and you tweeted the letter and said it's time for a revolution and then also in the book you kind of here and there. We alluded to this before. Talked about the alpha male problem. At the fda. An mean in recent years has been metoo in in the us especially. We had this whole racial reckoning this summer in a lot of media outlets are sort of grappling now with race ama- gender and all this stuff when you said it was time for a revolution like what happened. Has there been one of my success. A besides your successor swim off. That's quite important but she didn't get the job because she's a woman right because she's an outstanding manager jonas but it's quite important when he said he got an for male problem. The successor is a woman by the way the other thing is. I made a commitment just around that time of saying revolution that the top leadership of the f. t. would be fifty fifty on gender balance by twenty twenty two and i said we'll do it before that and we have a now. There's actually more emmys. The assistant manages as a women than men. so that has been tackled. And it's being tackled though crucially on merit which is what i believe in when it comes to diversity in general so big word. It's used a lot these days. I don't think that diversity should be the organizing principle.

sixty canada mario draghi Connie eighteen months italy four hundred billion washington forty eight percent forty eight pages first european union Draghi seventy percent two things nine trillion fifty fifty mark Mize This week
"mayor draghi" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:22 min | 2 years ago

"mayor draghi" Discussed on Bloomberg Radio New York

"I am looking right now at a ten year government Boondi yelled that is the lowest since October two thousand sixteen amid the crisis in Europe. At that time, we are not in a crisis. Certainly the eurozone's economy is slowing twenty s now Brendon Brown senior fellow at the Hudson institute and publisher of the newsletter monetary scenarios, Brendan thank you so much for being with us. So let us start with that German Boondi yield which is almost turning negative yet. Again, it's near zero. What does that tell you? Well, it tells me two things all the European outlook is very weak and to get. And Secondly, it tells me extremely. Relations now on the way through the European Central Bank. So Dr Brown going back to last week with the comments from mayor Draghi. What did you hear in that report? Or what did you see that took you by surprise if anything? I would say to four chief Italian nationalist. Maybe a long way. Sticks changing economists very much in line with the central bankers club. If there was anything which was a bit surprising. It was just speaks of Chesapeake extended onto the pin. Thanks again through this funding, which will rise up to okay. Up to thirty percent of energy. Yeah. I was struck by that too. And one of the interesting things that I thought was that European banks actually have fallen. Yes, since then, even though you would think cheap loans that's a positive, right? But I guess people were looking at the fact that the outlook for the years ends economy was decline, and you have those bond yields that are going nowhere still very deeply negative or zero. It's just really interesting to me. I I just have to wonder do you think Brennan that there is too much pessimism baked in at this point or that it is sort of has been priced in. Or do you think that there's another potential downside surprise that could emerge from the European region? What if it's going to be a downside surprise? It's going to be one political with the will send Lexi whatever happens to the European elections at the end of may. And what that might mean for populist parties in any particular. Secondly, wants to do the cream China. Whether it's many people think it's going to be. Intention of Washington's policy towards tackling. Europe and unfair trade practices, which could give a new twist down to European economy. So so I think these about the negative aspects. And of course, here that is very how'd you get in the head imagine market story in China as you say baked into the nicotine. He instead. Two hundred and fifty basis points between Germany Italy. You have to say twenty five percent full already baked in which essentially at some point industrial is going to split up. Dr Brendan Brown. Thank you so much for your commentary. Dr Brown is a senior fellow and publisher of the newsletter monetary scenarios at the Hudson institute calling in from London. So at least I think the big issue. I think what I took away last week is obviously things in Europe the economic situation Europe. I guess is just maybe just confirmed from that it is very weak doesn't seem to be a serious turn. So the question I have is did the go far enough with some of their monetary policy. Or are they out of tools? Yes. I mean, honestly, they went further than some people expected unleashing the second round of our this additional round of cheap financing to banks. The question is where banks can even do that. I mean, there was a story in the financial times last week that I thought was very telling which is. Talking about how Mario Draghi himself acknowledged that some banks had taken those cheap loans and used the money to buy sovereign bonds euro-zone bond rally, this is not the purpose. The purpose is to extend credit to businesses and individuals sort of spur growth if they're just buying bonds. That are yielding nothing. What does that do? Right. Exactly not circulating in the money back through the economy. And I guess it also highlights once again for those of us who weren't paying as much attention as we should have just how geared the European economy is to China and some of the trade issues, they are in a slowing economy really impacts the European Union significantly and that is structural the banking issues in Europe are structural. So kind of goes to your point that maybe the is approaching the end of its rope per se, so and this is sort of what's interesting to me because the sense that it yields are not going to rise very much in Europe has been holding down yields in the US because there is a sort of global. Demand for yield in this global sort of financial repression that is on going. There is a question, especially as President Trump prepares to unleash his budget. Which we've gotten a preview of how much can the deficit rise before people in the US care, especially given the fact that you can't yelled anywhere else. In other words, will you actually have yield in the US or is this just basically? Yes, we sit here with you. Exactly what ten year at two two point six three percent and the thirty or just at over three percent, but relative to certainly relative to Europe and other parts that is yield. Right. And so this is sort of the question right now is that you know, if you don't see yields rising, do you have more talk of Mt of the idea that you can borrowing forever. And it won't matter because yields aren't going up. It's interesting. The so we'll see kind of the debate that comes out of the Trump President Trump a business plan for lack of a better word budget comes out here. And we'll see kind of where where they look to find funding. Whether it's. Simply domestic spending cuts or where there's some of the other areas that can really be in play for this budget. But as Michael Mckee told me, it's probably not worth the paper. It's parental. Indeed. For coming up. We're gonna be talking about that Ross can be talking about retail sales. And of course, the tragic crash of the Boeing seven thirty-seven and the potential implications.

Europe Dr Brendan Brown China Hudson institute European Central Bank senior fellow US publisher Brendan Brendon Brown Boondi European Union Chesapeake Mario Draghi eurozone President Trump Michael Mckee central bankers club Lexi Brennan
"mayor draghi" Discussed on MAD MONEY W/ JIM CRAMER - Full Episode

MAD MONEY W/ JIM CRAMER - Full Episode

02:02 min | 3 years ago

"mayor draghi" 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
"mayor draghi" Discussed on MAD MONEY W/ JIM CRAMER

MAD MONEY W/ JIM CRAMER

02:02 min | 3 years ago

"mayor draghi" 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