It Will Take a Generation Before the Renminbi Plays a Global Role, Eichengreen Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 10 November 2017
⏱️ 39 minutes
🧾️ Download transcript
Summary
Barry Eichengreen, a professor of economics at University of California Berkeley, discusses global currencies and comments on China's move to open markets for financial firms, saying "it will take time, if it happens." Prior to that, Gabriela Santos, global market strategist at JPMorgan Asset Management, says we should be expecting some correction in the markets. Finally, Steve Rattner, chairman at Willett Advisors, says there's a better than 50/50 chance that the House flips in the 2018 elections.
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| 0:00.0 | With Bloomberg you get the story behind the story, the story behind the global birth rate, |
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| 0:10.8 | And context changes everything. |
| 0:12.6 | Go to Bloomberg.com to get context. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene with David Gura. |
| 0:29.2 | Daily we bring you insight from the best of economics, finance investment and international relations, |
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| 0:43.0 | And of course, on the Bloomberg. |
| 0:47.0 | Gabrielle Sentos, as I mentioned, is here with this from JPM Funds. |
| 0:51.0 | She's the chief global strategist, and we're happy to have her here. She's |
| 0:55.1 | drinking hot coffee because the whole East Coast is |
| 0:58.8 | freezing today. I was noticing that. |
| 1:02.2 | Hockey season. I was noticing. Like winter. |
| 1:03.0 | Hockey season. |
| 1:05.0 | Tom Keene has wandered in the studio in his Montreal Canadians' jersey. |
| 1:10.0 | He's ready for hockey season. |
| 1:12.0 | When you look at... he's ready for hockey season. |
| 1:13.4 | When you look at the markets have been down up down |
| 1:18.4 | but not going rocketing higher as they have been |
| 1:21.5 | as we get deeper and deeper into tax reform. Is that because |
| 1:24.6 | people are holding their breath at this point or has sentiment kind of turn? This was a |
| 1:30.0 | discussion that we were having on Bloomberg Television yesterday and what did you miss. |
| 1:34.5 | Has sentiment turned? |
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