Surveillance: Fiscal Caution With IMF's Gaspar
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 10 July 2020
⏱️ 34 minutes
🧾️ Download transcript
Summary
Vitor Gaspar, IMF Director of Fiscal Affairs, says global debt is at some of the highest levels in history. Jim Paulsen, Leuthold Weeden Capital Management Chief Investment Officer, says U.S. markets are experiencing an expansion in a new bull market. Mohamed El-Erian, Allianz Chief Economic Advisor, says the migration of layoffs from small to large companies is causing an economic shift. Helane Becker, Cowen Senior Research Analyst, says up to 200,000 airline industry employees could lose their jobs in the fourth quarter.
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Transcript
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| 0:00.0 | Business stories aren't just about business. They're also about policy, politics, finance, and more. |
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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 |
| 0:45.9 | in economics, finance, investment, |
| 0:48.1 | and international relations. |
| 0:49.8 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the |
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| 0:57.7 | For those of you of Global Wall Street, working on a Friday and reading into the weekend, |
| 1:02.2 | this is without question the most important |
| 1:04.6 | interview Bloomberg will do on the state of global fiscal policy. |
| 1:09.5 | Vida Gaspar doesn't get the ink Gita Gopkinath gets at the IMF but trust me his |
| 1:16.7 | fiscal monitor is a critical document in these times. Dr Gasppar joins us now |
| 1:22.4 | Vidor I want you to give me an update. Dr Gessbar joins us now. |
| 1:22.8 | Vidor, I want you to give me an update on your confidence that we can expand by trillions |
| 1:29.6 | our debt over the justification that interest rates are so low. Do you buy that concept? |
| 1:37.0 | Yes, I do, Tom. So what we emphasize in this blog that I've just put out together with Kitagopinath is that global debt is at this point in time at record levels. Never in history has global public |
| 2:00.2 | debt being so high. It is now above 100% of world GDP. It is so high because we're facing |
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