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Bloomberg Surveillance

Immigration is the American Dream, Gutierrez Says

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.81.2K Ratings

🗓️ 18 June 2018

⏱️ 32 minutes

🧾️ Download transcript

Summary

Mary Lovely, Peterson Institute Senior Fellow & Syracuse University Professor, says the Chinese economy has opened up quite dramatically. Doug Peebles, AB CIO of Fixed Income, says investment grade average credit quality has never been as low as it is right now. Carlos Gutierrez, Former U.S. Commerce Secretary, thinks the current immigration policy is not good for the U.S. And Paul Sweeney, Bloomberg Intelligence Director of North American Research, updates us on media mergers.

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Transcript

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0:00.0

Welcome to Crash Course, a podcast about business, political, and social disruption and what we can learn from it.

0:07.0

I'm Tim O'Brien. Every week on Crash Course, I'm going to bring listeners directly into the arenas where epic upheavals occur and

0:15.5

I'm going to explore the lessons we can learn when creativity and ambition collide

0:20.7

with competition and power.

0:23.0

Listen to Crash Course every Tuesday on the IHeartRadio app, Apple Podcasts,

0:28.0

or wherever you get your podcasts. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene.

0:43.5

Daily, we bring you insight from the best in economics, finance, investment, and international

0:48.9

relations.

0:49.9

Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the Bloomberg.

0:57.0

Four months ago, there was a modest press release out of Think Tank America.

1:08.0

This would be the Peterson Institute brand.

1:10.0

It was a wonderful press release.

1:12.0

Douglas Erwin and Mary Lovely joined Peterson Institute for International Economics.

1:18.0

Many of you will know Professor Erwin of Dartmouth, perhaps fewer Mary Lovely of Syracuse University,

1:25.7

who is absolutely definitive on intellectual transfer

1:30.4

across nations.

1:31.6

And she joins us this morning with the Peterson Institute on

1:35.4

tariffs and such. Mary what's the number one thing we get wrong in our tariff

1:41.4

analysis or discussion 2018 vintage?

1:46.8

I think the biggest misconception is the extent to which the trade between the United States and China happens via multinationals,

1:57.0

via foreign firms operating in China.

2:00.0

To a large extent, it is supply chain trade.

...

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