Surveillance: Gallo Says German Government Must Intervene in DB
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 26 September 2016
⏱️ 47 minutes
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| 0:00.0 | With Bloomberg you get the story behind the story, the story behind the global birth rate, |
| 0:04.7 | behind your EV batteries environmental impact, behind sand. Yeah, sand, you get context. |
| 0:10.8 | And context changes everything. |
| 0:12.6 | Go to Bloomberg.com to get context. |
| 0:15.0 | Who you put your trust in matters. |
| 0:18.0 | Investors have put their trust in independent registered investment |
| 0:22.0 | advisors to the tune of $4 trillion. |
| 0:24.7 | Why? |
| 0:25.7 | Learn more and find your independent advisor.com. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene always with Michael McKee. |
| 0:45.0 | Daily, we bring you insight from the best in economics, finance, investment and international relations. |
| 0:52.0 | Find Bloomberg Surveillance on iTunes, |
| 0:54.3 | SoundCloud, Bloomberg.com and of course on the Bloomberg. |
| 1:00.0 | A lot going on here today in the markets. What exactly and why? Let's ask Alberto Gallo. |
| 1:10.0 | He's a fund manager, portfolio manager, of course, with Algebra's investments. |
| 1:17.0 | Alberto, is there anything you can see that is... |
| 1:21.0 | Let's put it this way. have we seen a psychological change, some sort of mood |
| 1:27.2 | change in the markets or just maybe kind of a one-off thing today. I think there is an exit from the buy everything which was |
| 1:37.8 | following the the Fed whole decision that created a big euphoria. We're coming |
| 1:42.2 | back to fundamental problems. So in Europe we have too many |
| 1:45.9 | banks, Deutsche is got the wrong business model and it's going to take a long long time to |
| 1:50.8 | adjust it. It's not insolvent, but they need to raise a lot of capital. The US fine, |
| 1:55.8 | 14 billion is equal to their market cap today. So there's a lot of capital to be raised. |
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