Most Americans Will Get Tax Cuts, Lieber Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 20 December 2017
⏱️ 36 minutes
🧾️ Download transcript
Summary
Chris Rupkey, MUFG Union Bank Chief Financial Economist, likes the upward movement in yields but he doesn't trust it. Jon Lieber, PwC Washington National Tax Services Principal, doesn't think the Democrats will score points going after the deficit. David Miliband, International Rescue Committee President & CEO, says one of the phenomenons of globalization is people urbanizing, including refugees. Jim Bianco, Bianco Research LLC President & Founder, says the benefit of bitcoin right now is that it only has buyers.
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| 0:24.7 | Bloomberg in-car apps are sponsored by interactive brokers. Welcome to the Bloomberg Surveillance Podcast, I'm Tom Keene. |
| 0:40.0 | Daily, we bring you inside. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene. |
| 0:43.5 | Daily, we bring you insight from the best |
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| 0:57.0 | For investors firmly focused on DC, |
| 1:05.0 | with a big question, what does it mean for the US economy, |
| 1:08.0 | a one-off sugar high, or the beginning of a sustainable improvement |
| 1:12.0 | in US growth. |
| 1:13.0 | Joining us now to discuss is Chris Rupke, |
| 1:15.0 | MUFG, a Union Bank chief financial economist. |
| 1:18.0 | Chris, is it the former, a one-off sugar high or the latter, |
| 1:21.0 | the beginning of something more sustainable. |
| 1:23.4 | Well I guess the problem was starting in 2020 they think the tax reform is going to lead |
| 1:30.6 | to 3% GDP every single year for those final seven years or so. |
| 1:37.0 | That seems a bit of a stretch. |
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