Surveillance: Coronavirus Response With Rajan
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 25 March 2020
⏱️ 38 minutes
🧾️ Download transcript
Summary
Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, believes we are entering a steep recession with tremendous policy response to follow. Raghuram Rajan, University of Chicago Booth School of Business Professor and former RBI Governor, discusses what India needs to do to combat the coronavirus crisis as the country locks down its population of 1.3 billion people. Carl Weinberg, High Frequency Economics Founder & Chief Economist, says we don't know the state of the economy of any major country in the world right now. Pavlina Tcherneva, Bard College Associate Professor of Economics, says the U.S. fiscal stimulus plan's focus on income support is the right thing to do. Jared Bernstein, Center on Budget and Policy Priorities Senior Fellow, says state fiscal relief is an essential missing part of congress's coronavirus stimulus package.
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Transcript
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| 0:00.0 | The media alone can't ease the tensions that come from the debate surrounding the issues we deal with every day. |
| 0:05.7 | However, we can create spaces where people can freely kick the tires of their preconceived notions. |
| 0:11.2 | I'm Tim O'Brien, and I'm the senior executive editor at |
| 0:13.8 | Bloomberg Opinion. On our platform we ask tough questions and solve complex |
| 0:18.1 | problems with the facts in mind. Because context changes how you see things and |
| 0:22.4 | how you change things. |
| 0:23.6 | Context changes everything. |
| 0:25.6 | Start exploring our opinion coverage and more at Bloomberg.com slash subscribe. 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, |
| 0:48.0 | and international relations. |
| 0:49.9 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com and of course |
| 0:56.2 | on the Bloomberg. |
| 0:57.2 | John against us on the phone I'm pleased to say is Mike Wilson, |
| 0:59.4 | Morgan Stanley Chief US Equity Strategist. |
| 1:01.9 | Mike always fantastic to catch up with you. |
| 1:03.6 | Let's just start with that first question. How should investors process the |
| 1:07.4 | agreement overnight in Washington, D.C.? |
| 1:10.3 | Well, good morning to all of you. I hope you're doing well in this lockdown. But, you know, look, I think this is, you know, this has been expected. Obviously for the last couple weeks, we didn't know the exact timing of to the size but I think given in the state of |
| 1:25.6 | Washington over the last few years they got this done pretty quickly and to |
| 1:29.2 | Troy is a serious number at least I mentioned you know with you've included QE, we've got a $6 trillion stimulus of |
| 1:36.1 | some, you know, some form. |
| 1:38.1 | Our estimates are, like everybody else, we think the second quarter is going to be a bit of a black hole |
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