International Community Isn't Confident in U.S. Policy, Sinche Says

Bloomberg Surveillance

Bloomberg

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3.8 • 1.2K Ratings

🗓️ 19 July 2017

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Robert Sinche, a global strategist at Amherst Peirpont, says there's a lot of political and monetary uncertainty in the U.S. Then, Donald Straszheim, the head of Evercore ISI's China research team, says Washington won't be able to get what it wants out of China. Douglas Duncan, Fannie Mae's chief economist, expects strong U.S. housing price appreciation to continue. Finally, Jared Bernstein, a senior fellow at the Center on Budget and Policy, says the best thing the Fed can do is let the labor market run hot to create more wage pressure.

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0:07.0	How your Evie's battery may not be as green as it seems.
0:11.0	Why a decrease in global birth rates could send countries scrambling to increase immigration.
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0:36.7	Discover opportunities in a transforming world, B of A.M.com. slash VR. Merrill Lynch, M.L.com slash VR, Merrill Lynch, Pierce, Fenner, and Smith, Incorporated. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene with David Gura. Daily we bring you insight from the best of economics.
1:05.0	Finance investment and international relations.
1:08.0	Find Bloomberg surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course on the Bloomberg.
1:19.5	Robert Cinch with us with Amherst Pierpont. We were distracted by Morgan Stanley. Let's go back to simply dollar dynamics. A number of people said it's just about a week dollar. Can you bet either way on dollar right now?
1:33.6	You know, we've been a little more optimistic on the dollar and obviously we've been wrong and I think
1:38.1	a lot of that has been shifting expectations and data coming out of the US side.
1:43.1	So I think in that context, yes, this is a weak dollar.
1:47.4	It's weak pretty much across the board.
1:50.6	Maybe it's in a tie with the British pound because that's a weak relative currency also.
1:56.6	But clearly, you know, the markets don't like uncertainty and there is a lot of uncertainty
2:02.4	in the U.S. environment right now and a lot of it emanates from the political side.
2:07.0	And also probably a little bit of uncertainty now on the monetary side because the inflation numbers just haven't justified continued movements by the Fed,
2:15.8	which I think is critical for the dollar to move higher.
2:17.8	I always like talking to you about Japan and I noticed in a lot of analyst notes,
2:21.0	strategist notes this morning talk of a death cross
	...

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