Surveillance: Virus Causing Oil Shock, Says Goldman's Currie
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 6 February 2020
⏱️ 35 minutes
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Summary
David Folkerts-Landau, Deutsche Bank Chief Economist, says there is no question that the movement away from the political center is infecting monetary and fiscal policy. Jeffrey Currie, Goldman Sachs Global Head of Commodities Research, says the biggest impact from the coronavirus is coming from the quarantine. Henrietta Treyz, Veda Partners Director of Economic Policy, says Senator Romney will receive significant backlash for his conviction vote against President Trump. Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, says we are in a liquidity driven bull market and the market is being traded very defensively. Lanhee Chen, Hoover Institution Research Fellow and Policy Director for Mitt Romney's 2012 Presidential Campaign, reacts to Senator Mitt Romney's decision to vote to convict President Trump of abusing his power.
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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, on the |
| 0:56.4 | Bloomberg. |
| 0:57.8 | With us in London is David Folkert's Landau of Deutsche Bank, not only leading the research team at Deutsche Bank, but with |
| 1:04.5 | his important research over the decades on flows of capital. |
| 1:08.2 | Dava, you have been clear and straightforward on negative interest rates. |
| 1:12.1 | We just heard Christine Lagarde speak of the lower bound that we're at. |
| 1:16.4 | Give us an update on what negative interest rates are doing to Continental Europe. |
| 1:28.3 | Well, first, no know, Lagarde has been dealt a bad hand in a sense that she stuck with the situation and she inherited and the question is how to get out of it. |
| 1:31.4 | I believe there is a strong consensus at the political level |
| 1:34.6 | developing that negative interest rates are to quite a large extent responsible |
| 1:40.6 | for discontent within the broader population for a feeling that we're no longer, |
| 1:48.0 | we meaning Central Banks and are no longer in control of |
| 1:52.0 | what's going on of monetary policy. |
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