EMs Have Different Growth Issues, Bailin Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 7 June 2018
⏱️ 35 minutes
🧾️ Download transcript
Summary
David Bailin, Citi Private Bank Global Head of Investments, says Brazil is early in its economic recovery. Elsa Lignos, RBC Global Head of FX Strategy, thinks currencies are doing what they're supposed to do as shock absorbers. Steve Keen, Kingston University Professor, says the vibrant stage of American capitalism was the forties to the sixties.Doug Kass, Seabreeze Partners President, says the complexion of the market seems to be changing.
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| 0:57.0 | So let's start with emerging markets. First it was Turkey, then Argentina, now Brazil, |
| 1:08.0 | there's some pain emerging in EM. And EM Central Bankers are asking the Fed for help. |
| 1:12.8 | Indonesia's new Central Bank chief joined his counterpart in India in calling on the Federal Reserve |
| 1:17.6 | to be more mindful of the global repercussions of policy tightening. |
| 1:21.3 | Joining me to discuss is David Baylin. |
| 1:23.0 | I'm really pleased to say who joins us here in New York, City Private Bank Global |
| 1:26.1 | Head of Investments. |
| 1:27.1 | Good morning, David. |
| 1:28.1 | Good morning, thank you for having me. |
| 1:29.6 | So another Central Bank hike, this one coming from Turkey and EM is constantly |
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