Surveillance: Dollar Centrality Up Since 2008, Mallaby Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 10 October 2018
⏱️ 32 minutes
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Summary
Sebastian Mallaby, CFR Senior Fellow for International Economics, says the dollar's centrality in the global system has gone up since 2008. Claus Vistesen, Pantheon MacroEconomics Chief Eurozone Economist, thinks the Italian bond market is mispriced. Mike Mayo, Wells Fargo Securities Managing Director & U.S. Large-Cap Bank Research, prefers that banks have less revenues today but sustainable growth. Amanda Sloat, Brookings Institution Senior Fellow, thinks people are becoming increasingly more pessimistic towards Brexit.
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| 0:49.8 | Find Bloomberg Surveillance on Apple Podcasts, Soundcloud, Bloomberg.com and of course on the Bloomberg. Some of the top news in the world of global economics now and global finance |
| 1:06.0 | investors may be ignoring the risk that financial conditions could tighten sharply |
| 1:10.0 | and send tremors through the global economy. This all according to the International Monetary Fund |
| 1:15.0 | who warned that overall market participants appear complacent |
| 1:18.0 | about the risk of a sharp tightening of financial conditions. |
| 1:21.0 | Joining us to discuss, I'm pleased to say this morning, |
| 1:23.8 | in our studio here in New York is Sebastian Malaby, |
| 1:26.0 | CFR Senior Fellow for International Economics. |
| 1:29.1 | Good morning to you, Sebastian. |
| 1:30.3 | Great to be with you. |
| 1:31.0 | So let's get to that line from the IMF. Do you think investors are underappreciating the risk that financial conditions could tighten and what that could mean for the global economy? |
| 1:38.5 | If we focus on the US, I don't think that's true right now because when you've got growth at 4% that can mask a lot of financial fragility. |
| 1:47.0 | But if you project forward and you say, okay, this fiscal stimulus from the Tax Cat in December is going to be wearing off next year and into |
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