We're Not In a Bond Rout Yet, Gross Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 7 July 2017
⏱️ 55 minutes
🧾️ Download transcript
Summary
Bill Gross, a fund manager at Janus Henderson, says the bond market isn't in a rout yet and to expect one more Fed rate increase this year, likely in December. Prior to that, Alan Krueger, a professor at Princeton University, says the U.S. is heading toward a labor shortage economy. James Glassman, a senior economist at JPMorgan, says the jobs data for June show people are recognizing the economy's in a better position today. Finally, Max Baucus, the former U.S. ambassador to China, says foreign leaders don't know what to expect from President Trump's inconsistency.
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| 0:00.0 | With Bloomberg you get the story behind the story, the story behind the global birth rate, |
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| 0:21.6 | Discover opportunities in a transforming world, B of A, M.com slash VR, |
| 0:28.9 | Merrill Lynch, Piers, Fenner and Smith, Incorporated. Welcome to the Bloomberg Surveillance Podcast. |
| 0:34.0 | I'm Tom Keene with David Gura. |
| 0:47.0 | Daily we bring you insight from the best of economics. |
| 0:50.0 | Finance, investment, and international relations, |
| 0:53.0 | find Bloomberg surveillance on Apple Podcasts, |
| 0:56.5 | SoundCloud, Bloomberg.com, |
| 0:58.7 | and of course on the Bloomberg. We begin our job coverage in this hour with Alan Kruger of Princeton University, |
| 1:10.3 | a truly giant of modern economics, particularly his work on the hourly wage. |
| 1:14.6 | You can talk about that in a bit. |
| 1:16.1 | You're piling through one of my books of the summer a couple years ago. |
| 1:19.9 | Leonard Euler, mathematical Genius in the Enlightenment, |
| 1:22.5 | which is really heavy reading. |
| 1:24.4 | A lot of math in it, a lot of formulas. |
| 1:27.4 | Fortunately, Tom, it's the beginning of the summer. |
| 1:29.7 | Yeah, but it's a tough book to get through because it's got a lot of theory in it. |
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