Surveillance: My View Of Capitalism Is Localism, Rajan Says
Bloomberg Surveillance
Bloomberg
4 • 1.1K Ratings
🗓️ 26 February 2019
⏱️ 29 minutes
🧾️ Download transcript
Summary
Raghuram Rajan, Author of "The Third Pillar" and Former Reserve Bank of India Governor, advocates for pushing decision making back to the local level. Julian Emanuel, BTIG Chief Equity and Derivatives Strategist, wants a break in the rally because we could get a performance chase. Diane Swonk, Grant Thorton Chief Economist, says there is a blind faith in China's ability to provide growth and command. Taylor Riggs, Bloomberg News Reporter, brings us an update from the JPMorgan Investor Day.
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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 | Daly, 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, |
| 0:53.7 | Bloomberg.com, and of course, on the Bloomberg. |
| 1:00.1 | The third pillar how markets in the state leave the community behind, is an extraordinary effort and hugely anticipated by Rogin. |
| 1:09.6 | A guy named Alarian writes a blurb about it, some guy Yale Schiller. |
| 1:15.1 | Yellen, I think she was with a Fed for a while, Professor Rogoff. |
| 1:20.2 | But I think what's most moving for me, John Ferro, is a March of Harvard who with Jagdish |
| 1:26.4 | Bagwadi defined Indian excellence in academics for me, says a strikingly insightful analysis and that barely describes it. |
| 1:37.7 | Why don't you bring in Professor Rajan on the third pillar? |
| 1:41.2 | Formerly of the Reserve Bank of India. |
| 1:43.0 | It's great to have you with us, Ragu. |
| 1:45.0 | And I want to talk about the third pillar. |
| 1:47.0 | And typically when you go into postgrad and you do a political economics course, |
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