Three Percent Unemployment: The Optimism of Unicredit
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 30 June 2017
⏱️ 41 minutes
🧾️ Download transcript
Summary
Harm Bandholz, Unicredit's chief U.S. economist, talks about his optimistic view of the unemployment rate and says it would be positive for the U.S. if the Eurozone strengthens. Robert Profusek, a partner at Jones Day, says the pace of deal-making isn't slowing but it's taking longer to close. Finally, Dennis Gartman, editor and publisher of the Gartman Letter, says the recent gold drop may have been caused by Venezuela selling.
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| 1:15.5 | We begin with Tom Band to Holtz,. He's the US Chief Economist at Unit Credit |
| 1:23.0 | and joins us here in our Bloomberg 1130 studios. We'd be remiss if we didn't talk |
| 1:27.2 | about the meeting in Portugal earlier this week. Central bankers working to |
| 1:30.9 | coordinate their efforts together. |
| 1:33.0 | Certainly interesting commentary from them. |
| 1:34.4 | What's your takeaway from what they had to say in Portugal? |
| 1:37.0 | Well, I think the clear message is that they are all looking at a global economy that |
| 1:40.0 | looks an awful lot better than it did only a couple of months ago certainly a year ago and |
| 1:45.3 | I mean they are all aware that they used almost well basically unprecedented monetary policy |
| 1:50.4 | easing to you know to fight this deep recession and crisis that we have seen |
| 1:54.4 | several years ago and now that the world is looking better they are very |
| 1:58.9 | gradually preparing certainly markets that they are willing to take a step back. |
| 2:05.0 | So we just see it as a very early careful signal to show transparency, that they are willing and to withdraw accommodation but it's nothing that is imminent. |
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