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Bloomberg Surveillance

Surveillance: ECB's Challenge With Trichet

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.81.2K Ratings

🗓️ 2 September 2020

⏱️ 49 minutes

🧾️ Download transcript

Summary

Ivan Feinseth, Tigress Financial Partners CIO, says the market is predicting that there will be improvements in the industrial and manufacturing sectors. Steve Chiavarone, Federated Hermes Portfolio Manager, says many companies are focusing more on their tech operations as a result of consumer changes due to Covid-19. Deborah Fuller, University of Washington School of Medicine Microbiology Professor, says we are entering an exciting phase in the race for a coronavirus vaccine. Andrew Hollenhorst, Citigroup Chief U.S. Economist, says the Fed’s impact on the housing market by keeping interest rates low cannot be overstated. Former European Central Bank President Jean-Claude Trichet discusses the strength of the euro, Federal Reserve and ECB policy, and inflation concerns.

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Transcript

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0:00.0

When you get your news from Bloomberg, you don't just get the story. You get the story behind the story.

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.

0:16.2

You get context.

0:17.6

And context changes how you see things, how you change things, because context changes everything. Go to Bloomberg

0:24.6

dot com to get context. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene.

0:43.4

Daily, we bring you insight from the best in economics, finance, investment, and international

0:48.9

relations.

0:49.8

Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course,

0:56.2

on the Bloomberg.

0:57.7

Has the rally been justified?

0:58.9

Ivan Fineseth joining us now, Tigris Financial Partners, Chief Investment Officer, Ivan, has the rally been justified

1:05.2

by fundamentals?

1:06.2

Well, I mean, there's two issues and the main issue is there's no place else to put your money

1:11.4

and the powerful results have been driven by the incredible

1:16.8

efforts of Fed Chairman Powell.

1:18.4

I think Fed Chairman Powell single-handly saved the world.

1:21.2

I mean, he acted swiftly and decisively in March, pumping

1:25.6

tremendous amounts of liquidity into the financial markets, which in turn

1:29.6

caused other central bankers around the world to do the same.

1:33.5

And I think that's been the powerful driver of the recovery and the fact that, look, I believe

1:38.9

in the resiliency and the, of the, and the fort, the intestinal fortitude of the human spirit that we will come back.

...

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