Surveillance: Fiscal Vs. Monetary Policy With Buiter
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 23 September 2019
⏱️ 26 minutes
🧾️ Download transcript
Summary
Willem Buiter, Citi Special Economic Adviser, says in Europe, there has not been a thorough "cleaning up" of the bank balance sheet. Wendy J. Schiller, Brown University Chair of Political Science, says politicians do not like uncertainty. Julia Coronado, MacroPolicy Perspectives President & Founder, offers her take on U.S. economic data. Admiral James Stavridis, former Supreme Allied Commander at NATO and Bloomberg Opinion Columnist, says anytime domestic politics assert themselves into international security concerns, there is a great risk.
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| 0:00.0 | Join us in New York on November 29th for the Bloomberg Canadian Finance Conference, |
| 0:04.6 | proudly sponsored by National Bank of Canada Financial Markets. |
| 0:07.8 | 2023 marks the 11 year anniversary of our Canada focused event and continues the tradition of providing timely |
| 0:13.8 | insights and actionable strategies. We'll have senior government |
| 0:17.1 | officials from Saskatchewan, Quebec, British Columbia, Alberta and Ontario as well |
| 0:21.9 | as speakers from Northland Power, World Bank, Transolta, and many more. |
| 0:26.0 | Register at Bloomberg Live.com I'm Tom Keene. |
| 0:43.5 | Daily, we bring you insight from the best |
| 0:45.9 | in economics, finance, investment, and international relations. |
| 0:49.9 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com and of course |
| 0:56.1 | on the Bloomberg. |
| 0:58.5 | Villam Bouter joining us here in New York City Special Economic Advisor formerly of the the NPC at the Bank of England. |
| 1:04.1 | Good morning to you, Willem. |
| 1:05.7 | We've had three growth scares in the last 10 years, 2011, 2012, 1516, and now |
| 1:10.9 | 1819. Each and every driven by manufacturing, led by manufacturing, |
| 1:16.0 | and the previous two didn't bleed into services in a big way. |
| 1:20.0 | It was a head fake. We got out okay. |
| 1:22.0 | Is this any different? |
| 1:23.7 | Well time to tell I'm getting increasingly concerned that in Europe, Euro area especially |
| 1:30.5 | it may be something different that we will get because of the extreme weakness of manufacturing data |
| 1:37.0 | and sort of supplementary information about global trade coming from Korea that confirms this weakness as being more, I think, than just a manufacturing slowdown. |
| 1:50.7 | And I'm afraid this looks like it could really rub every part of the economy the wrong way |
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