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Bloomberg Surveillance

U.S. Politics Have Been Thoroughly Corrupted by Money, Sachs Says

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.81.2K Ratings

🗓️ 20 November 2017

⏱️ 31 minutes

🧾️ Download transcript

Summary

Harm Bandholz, UniCredit Chief U.S. Economist, says the time for tax reform is right but we don't need a tax cut in this environment. Jeffrey Sachs, Columbia University Professor, says the debt to GDP ratio has doubled in the last decade and will double again.Michael Nathanson, Moffettnathanson Founding Partner & Senior Research Analyst, says Twitter is not a great place for advertising and branding. Steve Hanke, Johns Hopkins University Professor, says the political mess and resulting hyperinflation in Zimbabwe is transferable to other nations. 

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Transcript

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0:00.0

Business stories aren't just about business. They're also about policy, politics, finance, and more.

0:06.5

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0:10.5

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0:16.7

podcasts and audio articles in the car. Download the Bloomberg Mobile App now to get started.

0:22.0

Find it in the Apple App Store or on Google Play.

0:24.7

Bloomberg in-car apps are sponsored by interactive brokers. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene.

0:43.4

Daily, we bring you insight from the best of economics.

0:46.5

Finance investment and international relations.

0:49.5

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

0:56.3

Bloomberg.

0:58.0

It is very, very good to run in with Harm Bundles here this morning.

1:05.0

We'll talk on the U.S. economy and maybe even touch on Germany as well.

1:09.4

We've got headlines coming out.

1:10.9

The Walter Journal talking about Marvell in the semiconductor space

1:14.0

that's now an official deal Marvell and Cavian cavium to combine creating an

1:21.7

infrastructure is the lead headline right.

1:24.0

Harm bundles with us. Let's go big and broad here, harm on a Monday.

1:29.0

Do you believe in the president's 3% GDP, whatever the moment is he's talking about we can do a

1:36.5

sustained 3% or even higher. Do you buy it?

1:40.3

Unfortunately no. First of all we got to clarify sustain 3% growth means lifting

1:45.6

potential growth towards 3% not the last two quarters of 3% GDP growth which we

1:50.6

have seen for various reasons.

...

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