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Bloomberg Surveillance

Surveillance: Schwab’s Jones Sees Turbulent 2021

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.81.2K Ratings

🗓️ 28 December 2020

⏱️ 28 minutes

🧾️ Download transcript

Summary

Kit Juckes, Societe Generale Chief FX Strategist, sees a V-shaped economic recovery. Kathy Jones, Schwab Center for Financial Research Chief Fixed Income Strategist, warns of a turbulent year ahead. Lindsey Piegza, Stifel Chief Economist, discusses the delicate balance facing policymakers in the Covid-19 era. Steve Sadove, Former Saks CEO and Mastercard Senior Advisor, says holiday retail sales show a healthy consumer environment.

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Transcript

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0:00.0

Together we have the opportunity to build a more sustainable and inclusive future.

0:06.0

At the Bloomberg New Economy Forum, we help make this possibility a reality

0:11.0

by cultivating new connections among global leaders that transcend geographies, industries

0:16.3

and ideologies.

0:18.4

Because when global leaders work together, the outcomes benefit all of us.

0:23.0

Learn more at Bloomberg surveillance podcast. I'm Tom Keene.

0:43.3

Daly, we bring you insight from the best in economics, finance,

0:46.9

investment, and international relations.

0:49.7

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

0:56.2

Bloomberg.

0:57.2

Let's get over to Kit Jukes right now from Sock-Gen, Chief FX strategist, and Kit, let me put a question to you that Marie and I have been discussing today.

1:04.9

I talk to Daniel Lacai about as I mentioned.

1:08.2

How confident are you that the EU is going to be able to efficiently and quickly hand out the stimulus money from its

1:17.2

rescue package as needed.

1:18.8

I'm confident that they'll get it done. I'm absolutely confident that there'll be glitches

1:26.7

along the way because that's how Europe works. But I'm still confident that we've passed

1:32.0

a turn in the road if you like where

1:34.9

fiscal policy after being really hardly active for the last decade is finally coming

1:41.5

to the party in a meaningful fashion and I think that for me that's the important

1:46.0

thing we know we've we've we've we've we're not going to do this quickly as someone won't

1:49.6

it won't be you know there'll be glitches along the way but it's happening and for the last 10 years

1:55.8

the ECB's been the only game in town and this money is is going to get spent and

...

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