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Apr 21, 2024
04/24
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let's stick economists? 50 years ago there was one book paul samuelson you could ace it it was m1m to a gdp, gnp you load it, you memorize, you did it. but i've never seen economists down the street and answer a question like, why is my food more expensive? why can't i get a mortgage? so you need to imagine economics somehow it's like, i know somebody said the other day when the pharaohs built pyramids, i'm sure the gdp went up. but those poor mason the all didn't get anything. okay so how does that help the thing with cfos recently i talked to finally, they say our job is to bridge the gap between finance, marketing, etc. so it's like economists finance stick to themselves a language they know federal just those three things right open market transaction and i say reserves requirements and interest rates but all of a sudden we say you have to fight inflation. they go all we got is three levers here. you start say we can't do anything else. so it looks like there's a big click economist, finance, etc. who ha
let's stick economists? 50 years ago there was one book paul samuelson you could ace it it was m1m to a gdp, gnp you load it, you memorize, you did it. but i've never seen economists down the street and answer a question like, why is my food more expensive? why can't i get a mortgage? so you need to imagine economics somehow it's like, i know somebody said the other day when the pharaohs built pyramids, i'm sure the gdp went up. but those poor mason the all didn't get anything. okay so how does...
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Apr 20, 2024
04/24
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they have good economists — economically? they have good economists that _ economically?od economists that control the i economists that control the economy, and that's a big piece of it. vladimir putin is very good at and his economists are good at and his economists are good at and his economists are good at that high level economic picture. they also control the media and is no political freedom there the combination means that they can carry on for a long time unfortunately.- carry on for a long time unfortunatel . ~ . ., unfortunately. we have about 45 seconds left _ unfortunately. we have about 45 seconds left but _ unfortunately. we have about 45 seconds left but looking - unfortunately. we have about 45 seconds left but looking ahead i seconds left but looking ahead here, what do you think comes nextin here, what do you think comes next in the conflict? t here, what do you think comes next in the conflict?— next in the conflict? i think the us, congress- next in the conflict? i think the us, congress has - next in the conflict? i think. the us, congress has woken
they have good economists — economically? they have good economists that _ economically?od economists that control the i economists that control the economy, and that's a big piece of it. vladimir putin is very good at and his economists are good at and his economists are good at and his economists are good at that high level economic picture. they also control the media and is no political freedom there the combination means that they can carry on for a long time unfortunately.- carry on for...
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what does rational behavior mean from the point of view of economists? all, this is the assumption that a person knows what is better for him and what is worse, the second assumption is that a person... makes a reasonable choice and always chooses the best alternatives available; this is the position of classical economists or adepts behavioral economics? this is a methodological assumption in classical economics: classical economics is a very mathematical discipline, it is structured as a set of mathematical models, which, based on the assumption that rational economic agents act, are not necessarily people, they can also be firms that strive to get the maximum profit. studies their interaction, theoretical models make predictions, and empirical work evaluates how successful these models are, how they correspond to reality and then unsuccessful models are rejected, and successful ones are developed. behavioral economics arose in the early seventies, first of all it is associated with the names of daniel kanoman and amashetwerski, the seventies of the la
what does rational behavior mean from the point of view of economists? all, this is the assumption that a person knows what is better for him and what is worse, the second assumption is that a person... makes a reasonable choice and always chooses the best alternatives available; this is the position of classical economists or adepts behavioral economics? this is a methodological assumption in classical economics: classical economics is a very mathematical discipline, it is structured as a set...
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Apr 12, 2024
04/24
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something that is exercising economist and policymakers right now. fix, economist and policymakers rightakers riuhtnow.�* ., ., ., ., i, , ., right now. a lot of analysis at the moment _ right now. a lot of analysis at the moment for _ right now. a lot of analysis at the moment for what - right now. a lot of analysis at the moment for what the - right now. a lot of analysis at the moment for what the imf right now. a lot of analysis at - the moment for what the imf had had to say. she has been warning central banks to remain independent. we are expecting an announcement from the ecb. how much pressure do you think there is on central banks? was big to our guest and he was talking to the uk position, what about europe? policymakers will not be human _ what about europe? policymakers will not be human if— what about europe? policymakers will not be human if they - what about europe? policymakers will not be human if they did - will not be human if they did not feel so many pressures from the interest of others. we have some elections in the uk, us and in europe this year and policymakers a
something that is exercising economist and policymakers right now. fix, economist and policymakers rightakers riuhtnow.�* ., ., ., ., i, , ., right now. a lot of analysis at the moment _ right now. a lot of analysis at the moment for _ right now. a lot of analysis at the moment for what - right now. a lot of analysis at the moment for what the - right now. a lot of analysis at the moment for what the imf right now. a lot of analysis at - the moment for what the imf had had to say. she has...
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Apr 12, 2024
04/24
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, leading economist, head of the plan of the economic department, and now since october 2004 i have beenas deputy general director for economics, and this is how it has developed over the years of work. proposal for management of other incentive measures: development of long-term development plans for the introduction of new types products and production, which will improve production efficiency, financial performance, and increase profit margins, which will ultimately improve the well-being of our employees. industrial facility created by human labor increases the tranquility of nature. we confidently step into a new day. we do this to our music, the music that sounds inside each of us, it is everywhere in the sun, in timid movements, at the tips of our fingers, music inspires, makes us think and opens up thousands of expensive music can change the world because it can change us. music is inside each of us.
, leading economist, head of the plan of the economic department, and now since october 2004 i have beenas deputy general director for economics, and this is how it has developed over the years of work. proposal for management of other incentive measures: development of long-term development plans for the introduction of new types products and production, which will improve production efficiency, financial performance, and increase profit margins, which will ultimately improve the well-being of...
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Apr 17, 2024
04/24
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perfectly balanced economists.nues today, with a former investigatior and former chairman set to give evidence. yesterday, the inquiry heard there were problems with the horizon it system as it was being introduced in 1999. 0ur correspondent azadeh moshiri is at the inquiry and joins me now. what are we expecting today? investigators were a big focus of this scandal and the testimony given thus far to the inquiry because their conduct has been such a big part of this. todayjohn london will be giving evidence, the investigator in 2010, you will remember she is the former sub—postmistress in surrey who was wrongfully convicted of stealing £70,000 and sent to prison while she was pregnant with her second child. she has told the bbc that pregnancy is what stopped her from taking bbc that pregnancy is what stopped herfrom taking her own bbc that pregnancy is what stopped her from taking her own life. bbc that pregnancy is what stopped herfrom taking her own life. she gave birth wearing an electronic tag and the post off
perfectly balanced economists.nues today, with a former investigatior and former chairman set to give evidence. yesterday, the inquiry heard there were problems with the horizon it system as it was being introduced in 1999. 0ur correspondent azadeh moshiri is at the inquiry and joins me now. what are we expecting today? investigators were a big focus of this scandal and the testimony given thus far to the inquiry because their conduct has been such a big part of this. todayjohn london will be...
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Apr 2, 2024
04/24
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joining us is michelle wim, greater economist economist.ow data in the first couple months of the year tends to be patchy in the best of times. are you confident the corner has turned for china's economy? michelle: i think judging from the march pmi data and also the january data, there are some signs of the economy at least stabilizing or picking up. i would say there is still cause for concern. if we look at it january february data, it is true the industrial production is surprising to the upside. if we look at the retail sales, i would say the momentum is still sluggish especially on the goods front. going back to the march pmi data, if you look at manufacturing, the majority was driven by the new export orders. especially for consumption demand, it remains to be seen if it is starting to recover more notably especially if we consider what is happening to the housing sector which is decelerating at this stage. haidi: you talk about the sluggishness and i think the thing i am always watching his confidence. sentiment. the concern about t
joining us is michelle wim, greater economist economist.ow data in the first couple months of the year tends to be patchy in the best of times. are you confident the corner has turned for china's economy? michelle: i think judging from the march pmi data and also the january data, there are some signs of the economy at least stabilizing or picking up. i would say there is still cause for concern. if we look at it january february data, it is true the industrial production is surprising to the...
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Apr 25, 2024
04/24
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FBC
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clinton economist, obama economist.e was out, i think he said on cnbc or some station, he said that if you can sell all these student loans, the point is it will boost consumer demand, which will cause higher inflation, higher interest rates and higher mortgage rates. thought on that, mr. falkander? >> yeah, i mean what jason is fuhrman is doing demonstrating there is still a part of the democratic party has not bought into this far heft approach towards government and wants to have credibility after joe biden is shown the exit because he and larry summers were have been out this the entire time saying if you throw this much money into the economy you will get inflation. larry, let's remember, i mentioned this before, but larry summers came out recently and said, if you inchewed mortgage interest payments and car loan payments that the inflation rate under joe biden would not have peaked at nine it would peak at 18. if you go to the traditional way, the way we measured inflation back in the '70s, include those numbers,
clinton economist, obama economist.e was out, i think he said on cnbc or some station, he said that if you can sell all these student loans, the point is it will boost consumer demand, which will cause higher inflation, higher interest rates and higher mortgage rates. thought on that, mr. falkander? >> yeah, i mean what jason is fuhrman is doing demonstrating there is still a part of the democratic party has not bought into this far heft approach towards government and wants to have...
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Apr 5, 2024
04/24
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economists surveyed by bloomberg expect the are b.i.licy -- the rbi to keep rates unchanged for a seventh straight policy meeting. why is th -- why are they expected to remain flat? >> this will be the seventh policy meeting where the rbi will be keeping policy rates unchanged. that's primarily because of high inflation and high growth. inflation is higher than the rbi's target range. rbi's governor has repeatedly said that rbi is not going to start easing anytime before the inflation comes out the 4% target rate on a durable basis. that is the number one reason. the second reason is, of course, high growth. india remains one of the fastest-growing economies in the world and its expected the rbi is going to clock 8% for the full-year just ending in march. the third reason is the possible indication by federal reserve of a rate cut. i think that gives rbi some breather on monetary policy easing. i think these factors will guide rbi's decision. haslinda: when will we see a rate cut by the rbi? some say not until the end of 2025. >> some e
economists surveyed by bloomberg expect the are b.i.licy -- the rbi to keep rates unchanged for a seventh straight policy meeting. why is th -- why are they expected to remain flat? >> this will be the seventh policy meeting where the rbi will be keeping policy rates unchanged. that's primarily because of high inflation and high growth. inflation is higher than the rbi's target range. rbi's governor has repeatedly said that rbi is not going to start easing anytime before the inflation...
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Apr 11, 2024
04/24
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tomasz wieladek is chief european economist at asset management firm t rowe price.e before this announcement and no great surprise, what we are looking at closely as the detail, the comments, the forecast about what may happen next. what do you read into this?— read into this? well, i think today the ave read into this? well, i think today they gave a _ read into this? well, i think today they gave a little _ read into this? well, i think today they gave a little bit _ read into this? well, i think today they gave a little bit of _ read into this? well, i think today they gave a little bit of what - read into this? well, i think today they gave a little bit of what we . they gave a little bit of what we call forward guidance on interest rates. they said that if things turn out as they think they will be a probably going to cut interest rates and myself i think that they will be cut in june and myself i think that they will be cut injune regardless of what and myself i think that they will be cut in june regardless of what the federal reserve does, for instance. rega
tomasz wieladek is chief european economist at asset management firm t rowe price.e before this announcement and no great surprise, what we are looking at closely as the detail, the comments, the forecast about what may happen next. what do you read into this?— read into this? well, i think today the ave read into this? well, i think today they gave a _ read into this? well, i think today they gave a little _ read into this? well, i think today they gave a little bit _ read into this? well, i...
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Apr 7, 2024
04/24
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we've got alicia her era, chief aipac economist.were discussing central-bank action and everyone is sitting on their hands. to what degree do domestic issues take a backseat? alicia: not enough to cut before the fed is the situation in and that is good news because if anyone were desperate, currencies would be hit like never before. nobody wants to be the name to hammer on. closest is the yen because a hike would not be enough if they had not announced a path to reduce the balance sheet. janet yellen said 7 trillion a month. lending conditions will not change. the market did not buy it and there's not much pressure on the yen because intervention will happen. in between the central bank in those trades. other than that, u.s. will have higher inflation, so everyone is waiting for a good reason. currency depreciation. haidi: in a lot of economy is where it has been wait and see, progress toward bringing down inflation has been glacial when i a lot of other indicators including labor market have been robust. are there underlying struct
we've got alicia her era, chief aipac economist.were discussing central-bank action and everyone is sitting on their hands. to what degree do domestic issues take a backseat? alicia: not enough to cut before the fed is the situation in and that is good news because if anyone were desperate, currencies would be hit like never before. nobody wants to be the name to hammer on. closest is the yen because a hike would not be enough if they had not announced a path to reduce the balance sheet. janet...
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Apr 13, 2024
04/24
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ESPRESO
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for the third year in a row, simply, even talking with your colleagues, economists, well, they said,here are in the front, but there are relocated business, and it is not necessary to run away and take the company somewhere to slovakia or poland, you can do it in part of the western regions of volyn, zakarpattia, which does not know curfew, and in other regions near the western borders of the region, this is great a place where you can move. a huge amount of business, charge it precisely to support the wartime economy, and after all, it is in these regions that there are a lot of idps who often remain unemployed, respectively. need payments, and unfortunately not everyone gets enough, so i have a question to you, that is why it is not possible to do this in shmyhal, even if he sees the supreme yermak of ukraine every day, this is exactly what is bothering him, look, look, in our country, a lot of decisions are made based on one or another political expediency, we we live with you as if in a pre-election period, constant, and there are a lot of decisions. are accepted today, not based
for the third year in a row, simply, even talking with your colleagues, economists, well, they said,here are in the front, but there are relocated business, and it is not necessary to run away and take the company somewhere to slovakia or poland, you can do it in part of the western regions of volyn, zakarpattia, which does not know curfew, and in other regions near the western borders of the region, this is great a place where you can move. a huge amount of business, charge it precisely to...
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Apr 1, 2024
04/24
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CSPAN2
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i'm an economist, sorry, but i care a lot about productivity. it could be harmful for our innovation and our productivity. but you just asked me why is it harmful to older bodies? because you have you have elite economies, you know, and policy makers say, hmm, my job, you know, in my sixties and seventies is really rewarding. you know, it keeps my mind fresh. i'm involved in and in matters of importance, and therefore i'm important. and i do not deny that there are some jobs where if you can control the pace and the content of that job, it does keep your mind alive and you also get to control other people. and that actually gives you a sense of of hierarchy and being on top of the hierarchy. these are basic human needs. the human the human need to have resources and to control the pace and content of your life and just and it's very unfortunate that the people who make policy or who do work on this area are people with those rare jobs that you can do in old age. and what i wanted to do is to lift up all the other people that don't have control o
i'm an economist, sorry, but i care a lot about productivity. it could be harmful for our innovation and our productivity. but you just asked me why is it harmful to older bodies? because you have you have elite economies, you know, and policy makers say, hmm, my job, you know, in my sixties and seventies is really rewarding. you know, it keeps my mind fresh. i'm involved in and in matters of importance, and therefore i'm important. and i do not deny that there are some jobs where if you can...
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trust you, and this is already happening, because this trust begins to be institutionalized, as we economistsoss the street , you have a 0.5 rating there in the right place there’s only one side there, and five old women already means the rating is five, then you understand what ’s happening, then there’s a low rating for... the stadium won’t buy good seats, you won’t be able to go to another region at a higher rate, it turns out that this is the economy, joint consumption also intersects with the fact that you want to be more responsible, more socially oriented, and somewhere to gain access to those benefits that you cannot reach, well, this is a well-known fact, and all leading russian economists preach it, well in particular aleksandnov, the economy of trust, these 3d ones. vitamin d3, one of them is trust, it is true that when you trust your partner, you do not consider yourself to be standing somewhere at the top alone, but you accept that the people around you also correspond, occupy certain heights, or as in sharing, yes, what do you think, well , that’s how i feel about the car, i jus
trust you, and this is already happening, because this trust begins to be institutionalized, as we economistsoss the street , you have a 0.5 rating there in the right place there’s only one side there, and five old women already means the rating is five, then you understand what ’s happening, then there’s a low rating for... the stadium won’t buy good seats, you won’t be able to go to another region at a higher rate, it turns out that this is the economy, joint consumption also...
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Apr 16, 2024
04/24
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BBCNEWS
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here's the imf�*s chief economist.onomy continues to display remarkable resilience with growth holding steady and inflation declining. but many challenges still lie ahead. global growth was 3.2% in 2023 and is expected to remain at that level both in 2024 and 2025. this represents a 0.3 percentage point upgrade from our 0ctober projections for 2024, with stronger activity than expected in the us, china and other large emerging markets, but weaker activity in the euro area. 0ur correspondent michelle fleury is following this from new york. let's begin by talking about russia. the russian economy is predicted by the international monetary fund to grow this year at a rate higher than that of all g7 countries — and was a big jump from the imf�*s forecast injanuary — despite sanctions related to the war in ukraine. what's going on? that was one of the surprises in the report, the strength of the russian economy at a time when there are sanctions that were designed to hamper the economy but that does not seem to have worked
here's the imf�*s chief economist.onomy continues to display remarkable resilience with growth holding steady and inflation declining. but many challenges still lie ahead. global growth was 3.2% in 2023 and is expected to remain at that level both in 2024 and 2025. this represents a 0.3 percentage point upgrade from our 0ctober projections for 2024, with stronger activity than expected in the us, china and other large emerging markets, but weaker activity in the euro area. 0ur correspondent...
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Apr 20, 2024
04/24
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good, his economists are very good, his economists are very good, his economists are very good at thathere is no political freedom there so i think the combination means they can carry on for a long, long time unfortunately. we have about _ long time unfortunately. we have about 45 _ long time unfortunately. we have about 45 seconds left but looking ahead, what do you think comes next in this conflict? i think comes next in this conflict?— think comes next in this conflict? ~ ., , , think comes next in this conflict? ~' ., , , . , conflict? i think congress has woken up _ conflict? i think congress has woken up and _ conflict? i think congress has woken up and feels _ conflict? i think congress has woken up and feels a - conflict? i think congress has woken up and feels a sense l conflict? i think congress has| woken up and feels a sense of urgency and will pass this bill, and that will give the ukrainian side a much—needed shotin ukrainian side a much—needed shot in the arm. when you talk to ukrainians, they feel like everyone has forgotten them, washington, the us in particular. so i
good, his economists are very good, his economists are very good, his economists are very good at thathere is no political freedom there so i think the combination means they can carry on for a long, long time unfortunately. we have about _ long time unfortunately. we have about 45 _ long time unfortunately. we have about 45 seconds left but looking ahead, what do you think comes next in this conflict? i think comes next in this conflict?— think comes next in this conflict? ~ ., , , think...
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Apr 17, 2024
04/24
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but the economist has just published an article that turns our impression but the economist has justed an article that turns our impression of the zoomers on its head. in america, the hourly pay growth among 16 to 2a—year—olds hit 13% year on year — a little more than double the rate for workers over 25 years of age. in the uk, using a different measure — people aged 18—21 saw their average pay rise by 15% — far outstripping pay rises among the other age groups. in respect of wage growth, as reflected in household incomes the average 25—year—old american has an annualfamily income of around $40,000 — that's over 50% more than the average baby—boomer at the same age. are the zoomers worthy of our pity? the millennials grew up thinking a job was a privilege, the zoomers the economist would suggest, treat it as a right, and act accordingly — taking things slowly, prioritising self—care, working less hours not more. callum williams is from the economist. he wrote the article on gen z�*s wealth. i hope you've got your tin hat, because the general view of the zoomers have it tough. are you
but the economist has just published an article that turns our impression but the economist has justed an article that turns our impression of the zoomers on its head. in america, the hourly pay growth among 16 to 2a—year—olds hit 13% year on year — a little more than double the rate for workers over 25 years of age. in the uk, using a different measure — people aged 18—21 saw their average pay rise by 15% — far outstripping pay rises among the other age groups. in respect of wage...
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Apr 25, 2024
04/24
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FBC
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plus, biden continues to spend his keister off democrat economist and honest man has pointed out thellion or more because of joe biden's plans to cancel student loans will increase inflation and increase interest rates. that includes increasing higher mortgage rates. basically biden makes trying to temporarily boost consumer demand while the business supplies of goods and services but that is stagflation scenario or worse. mr. biden says he will permit personally expire the trump tax cuts. permit retired biden expire and retire. steve moore committee to unleash prosperity hosted more money w nbc radio. former assistant track secretary for economic policy and chief economist, fbi and gentlemen welcome. michael faulkender, this was unexpectedly poor report. most of slower growth. to lead a fed gdp trackers two -- nine. actual number came in at 1.6. 1t inflation numbers came much higher than expected. you have a 3.7% deflator it's the worst of both worlds what is going on here? >> it really is. this is an action but you take money, borrow money from abroad sell them to go spend the mone
plus, biden continues to spend his keister off democrat economist and honest man has pointed out thellion or more because of joe biden's plans to cancel student loans will increase inflation and increase interest rates. that includes increasing higher mortgage rates. basically biden makes trying to temporarily boost consumer demand while the business supplies of goods and services but that is stagflation scenario or worse. mr. biden says he will permit personally expire the trump tax cuts....
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Apr 5, 2024
04/24
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BLOOMBERG
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this is something that economists have to deal with.ve gotten significantly upwards revision to faster population growth. it means faster growth in the economy and the labor market. it means that you're going to have a higher break even level for employment the amount of jobs you need to create in order to give the numbers steady. this is something that the chair has been focused on since later last year. 2023 was all about improving supply chains and labor supply. 2024 extends that improvement where the growth and the population is just that strong. and so this is a real supply side story that is supporting growth in the economy without creating inflationary pressures. >> i want to come back to where rates will go in a moment. but just is staying on immigration, ellen. it's going to back key issue in the u.s. election if you get trump 2.0. what sort of economic impact are you expecting? >> so i do think that this puts the administration in a sticky spot because according to our surveys, households list immigration as the second most co
this is something that economists have to deal with.ve gotten significantly upwards revision to faster population growth. it means faster growth in the economy and the labor market. it means that you're going to have a higher break even level for employment the amount of jobs you need to create in order to give the numbers steady. this is something that the chair has been focused on since later last year. 2023 was all about improving supply chains and labor supply. 2024 extends that improvement...
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Apr 27, 2024
04/24
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RUSSIA24
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inflation is no longer just a buzzword among economists.arsh reality that is hitting americans' wallets. families across the country are struggling to meet basic needs such as food and fuel. despite the biden administration's statements to the media, the undeniable truth stands before us. economic policies that are touted as bailouts are actually exacerbating workers' financial burdens. the american population, that is, all those for whose sake, in general, baydonomics was started, as a program to improve the quality of life of the middle class, they do not feel it, there are two planes here: the real picture and psychological perception. the president has forced pharmaceutical companies to lower the price of prescription drugs, he's working to get big banks to reduce fines on non-performing loans, to... to lower the cost of raising children and those who need care, all the things that weigh on on our families, we have made progress, but it is not enough, people are unhappy, we unhappy, but it is president biden who has the ability to solve
inflation is no longer just a buzzword among economists.arsh reality that is hitting americans' wallets. families across the country are struggling to meet basic needs such as food and fuel. despite the biden administration's statements to the media, the undeniable truth stands before us. economic policies that are touted as bailouts are actually exacerbating workers' financial burdens. the american population, that is, all those for whose sake, in general, baydonomics was started, as a program...
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Apr 30, 2024
04/24
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BLOOMBERG
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. >> economists were expecting 0.1%.ver, if you dig into the data, the consumer spending numbers accelerated. overall, good news. just as a reminder, the euro area was in a shallow recession and the second half of last year. all the data and brands are good news that the euro area will have exited that recession grown in the first quarter. tom: what do we expect for the prado europe -- broader euro areas? >> the euro area we expect 0.1. before that we get that out of spain, italy, and germany. germany is the one we watched closely. germany had a contraction in the fourth quarter. initially we thought they also would be contracting. they changed and said it would be slight growth in economists are expecting that slight growth. the economy with the stronger growth will be spain. we get that data in just over an hour's time. those are expected to be 0.4. that is a slowdown for the previous quarter, but it's a very strong member, zero .4. tom: spain has been outperforming many in the euro zone. in terms of inflation, is ther
. >> economists were expecting 0.1%.ver, if you dig into the data, the consumer spending numbers accelerated. overall, good news. just as a reminder, the euro area was in a shallow recession and the second half of last year. all the data and brands are good news that the euro area will have exited that recession grown in the first quarter. tom: what do we expect for the prado europe -- broader euro areas? >> the euro area we expect 0.1. before that we get that out of spain, italy,...
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Apr 24, 2024
04/24
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CNBC
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a debate with the fed and economists you've got to love to see the fur fly. >> well, there are memberseach side within each group, right? you have the fed folks who are optimists and pessimists and some economists, as well the growth in productivity is the biggest part in how the economy grows, and whether we're seeing a post pandemic noise in the data, or is it a real boom here's the data for the five years before the pandemic. productivity grew at a trend like 4.4%. through the first quarter of last year, it dropped to 1.3, followed by a really worrying decline. but it's come back the past three quarters have seen an off the chart number average of 3.7% chicago fed president austan goolsbee laid out how critical it is for the fed to get this right. >> that's fundamentally going to change everything about the economy, in a way. and it would have direct implications for monetary policy it would put us back in an environment that would very much be like the late '90s, where you could have faster wage growth without inflation, you could have faster gdp growth >> but there are skeptics wh
a debate with the fed and economists you've got to love to see the fur fly. >> well, there are memberseach side within each group, right? you have the fed folks who are optimists and pessimists and some economists, as well the growth in productivity is the biggest part in how the economy grows, and whether we're seeing a post pandemic noise in the data, or is it a real boom here's the data for the five years before the pandemic. productivity grew at a trend like 4.4%. through the first...
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Apr 3, 2024
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did economist get it wrong?s there something else going on in the economy that has not generally been accounted for? how do you explain? >> this could take up all of our time but i will try to be brief because this is something macroeconomists think about all the time these days. i think pandemic and post-pandemic economics are unique. global pandemic. i would not say the phillips curve is dead, i would say the simple linear phillips curve is comatose and the nonlinear phillips curve, meaning what happens in the relationship between unemployment or economic activity inflation looks pretty different when economies are bumping up against the full capacity. what happens -- what happened in the pandemic was you have strong demand both because people had boosted their savings considerably from not interacting within person services, going on vacations, restaurants, that along with fiscal and monetary support colliding head-on with global supply constraints when consumer preferences were shifting directly to that part
did economist get it wrong?s there something else going on in the economy that has not generally been accounted for? how do you explain? >> this could take up all of our time but i will try to be brief because this is something macroeconomists think about all the time these days. i think pandemic and post-pandemic economics are unique. global pandemic. i would not say the phillips curve is dead, i would say the simple linear phillips curve is comatose and the nonlinear phillips curve,...
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Apr 15, 2024
04/24
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antoni, former white house chief economist, smb chief economist joe lavorgna.t to work backward as little bit because i like what lydia kind of reminded us. know one is talking about recession, but it is intriguing, seven rate cuts, three rate cuts, no rate cuts, after that we start talking about rate hikes. is it still out of the realm of the possibility the inverted yield curve could be right? >> it could be right. no landing may be hard landing. it was unusual last year when most people thought there would be a recession and most recessions happen when people don't see it. of all the economists consensus of the view you will have it. businesses might be a little more prudent. they might overhire but not getting so on soes sieve. charles: they been reluctant to fire as well. >> they have been reluctant to fire, that is exactly right. the yield curve will normalize at some point, charles. the question is how. if the yield curve normalizes the fed is cutting rates significantly. that is sign the yield curve is weaker. if long rates potentially rising significan
antoni, former white house chief economist, smb chief economist joe lavorgna.t to work backward as little bit because i like what lydia kind of reminded us. know one is talking about recession, but it is intriguing, seven rate cuts, three rate cuts, no rate cuts, after that we start talking about rate hikes. is it still out of the realm of the possibility the inverted yield curve could be right? >> it could be right. no landing may be hard landing. it was unusual last year when most...
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Apr 22, 2024
04/24
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a learned economist politician who some people remember him with this family face, mr. doctor, this is his duty now, and some of us tried to create a foundation with this hope for the future. let the young people hope for the future , go out with hope and trust , the red line is the table and the livelihood of the people. he said that operational plans should be implemented quickly. your excellency , i came and explained the problems of the people's schools and housing , but now, after a year has passed , i come to you with joy and i say from the bottom of my heart , which of you, golbaran, said that iran is not only tehran , there are 80 million people who need justice it should be observed in all the provinces of the country. something above 10 thousand billion tomans there is a plan that can be opened. he believed that the problems of the people should be removed with the cooperation between the forces and the unity that should exist between the people. we hope that in 2007 we will be able to increase the growth of the gross domestic product even higher with these co
a learned economist politician who some people remember him with this family face, mr. doctor, this is his duty now, and some of us tried to create a foundation with this hope for the future. let the young people hope for the future , go out with hope and trust , the red line is the table and the livelihood of the people. he said that operational plans should be implemented quickly. your excellency , i came and explained the problems of the people's schools and housing , but now, after a year...
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Apr 16, 2024
04/24
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as an economist, i always like to count numbers. the last salary for the month of march for vegetable growers, taking into account the light of the crop, was about 3,500 per hand. there are vacancies, and we invite those who wish to come and work with us in comfortable, greenhouse conditions. hello, you are watching the program say don’t be silent, in the studio of victoria popova and tatyana shcherbina. and today our guest is sergei nikrashevich, general director of the minsk greenhouse plant. good afternoon. hello. sergei ivanovich, a year ago we heard that belarus wants to provide itself with fresh harvests of vegetables, in particular cucumbers, all year round. what's going on inside the greenhouse complex, right? the production volume to plan is more than 200 tons, that is, in november you have such beauty , yes, in november we already get the first harvest, and of course, this work begins in september, and the last harvest of this year, that is, the interval between the last and the first harvest, how long does it last? this m
as an economist, i always like to count numbers. the last salary for the month of march for vegetable growers, taking into account the light of the crop, was about 3,500 per hand. there are vacancies, and we invite those who wish to come and work with us in comfortable, greenhouse conditions. hello, you are watching the program say don’t be silent, in the studio of victoria popova and tatyana shcherbina. and today our guest is sergei nikrashevich, general director of the minsk greenhouse...
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Apr 20, 2024
04/24
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valery chichalashvili, a diplomat, economist, politician, to talk about is happening in georgia, we areted, georgia has gone to the next level, sometimes we see a very similar path with ukraine, and there were uprisings, and there were rallies, and there were protests, and there was a war with russia, and territories were cut off from georgia by russia, and that's why we're curious, people rose up there again to protest against for... we once discussed this law in quite some detail, when it was a year ago, it was in march of last year, just when tens of thousands, if not hundreds of thousands, came to the central street the capital of tbilisi, which is located where the parliament is located, right in front of you you see a photo behind me, this is the parliament right there, and opposite the parliament. these are people who are protesting against the law, which is simply very similar, very similar to the russian law on so-called foreign agents, i will tell a little about what is going on, because mr. valery is not here yet, i hope he will be, but there is no guarantee, because there th
valery chichalashvili, a diplomat, economist, politician, to talk about is happening in georgia, we areted, georgia has gone to the next level, sometimes we see a very similar path with ukraine, and there were uprisings, and there were rallies, and there were protests, and there was a war with russia, and territories were cut off from georgia by russia, and that's why we're curious, people rose up there again to protest against for... we once discussed this law in quite some detail, when it was...
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most of an economist at oxford university's china center, he spoke to the w about whether china and the us can find common ground. that's very hard to say. i mean, you know, if you look at the areas where they think of where blinked comes, uh, the american readouts at least, you know, said that they had actually had some, some constructive discussions. it was about, you know, a, i governance about people to people exchanges. so students may be going backwards and forwards and academics because of a climate change, you know, is obviously something they can talk about. fentanyl control, you know, wish the chinese have promised to get on top of the, these kinds of areas. obviously there's discussion about the ministry of dialogue actually has resume. so that's a good thing. but, you know, generally yellow was talking about over capacity when she was in china a couple of weeks ago, blink. and was talking about. ready again, today the you commission itself has kind of concerns about this as well. and the problem is that the chinese economy, you know, it's endemic, it structurally kind of bui
most of an economist at oxford university's china center, he spoke to the w about whether china and the us can find common ground. that's very hard to say. i mean, you know, if you look at the areas where they think of where blinked comes, uh, the american readouts at least, you know, said that they had actually had some, some constructive discussions. it was about, you know, a, i governance about people to people exchanges. so students may be going backwards and forwards and academics because...
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Apr 14, 2024
04/24
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BLOOMBERG
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looking a lot better than what economists had projected. check on the health of japan. annabelle: wanted to get your reaction to that. one more puzzle piece in terms of momentum, we hear from policymakers it feels like they are not in a hurry, no immediate impetus to help the yen strength and. >> yeah, data suggests economic momentum is recovery and cuts are strong. so i hope to say domestic inflation is much stronger than one year ago. and therefore, japan is likely to be gradually hawkish. and july could be the timing for the boj to hike. at the boj meeting, bank of japan will release its inflation forecast. that is quite likely. after the upgrade, think of japan can hike any time. so june is a bit too early, but still june meeting with decent chance of boj rate hike. that will support japanese yen. annabelle: thank you for your time, that was head of japan fx strategy in tokyo. more ahead, this is bloomberg. ♪ >> stocks watching when trade opens, energy, defense, equities may move after iran's attack. her uncle's unhappy. i'm sensing an
looking a lot better than what economists had projected. check on the health of japan. annabelle: wanted to get your reaction to that. one more puzzle piece in terms of momentum, we hear from policymakers it feels like they are not in a hurry, no immediate impetus to help the yen strength and. >> yeah, data suggests economic momentum is recovery and cuts are strong. so i hope to say domestic inflation is much stronger than one year ago. and therefore, japan is likely to be gradually...
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Apr 17, 2024
04/24
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i want to bring in tressis chief economist, daniel lacalle.rview with the ufc champ he actually understands. merge personal discipline with fiscal discipline and accountability t seems it boils down to that, unfortunately governments, particularly western governments seem to have forgotten about that. >> absolutely. mr. m-oicano said it perfectly. the biggest problem, the governments completely forgotten what they have to do defend the power of currency and help small and medium enterprises and what's happened now the monsterous debt in the united states is impoverishing citizens, the middle class and making it more difficult for small and medium enterprises both to access credit but also to thrive because it is not just higher debt which means higher taxes, higher inflation, lower growth and lower real wages in the future. it is that it is a massive transfer of wealth from the real productive economy to the bloated administration and that always leads to massive discontent. so ultimately the problem here is that we are living in a moment in w
i want to bring in tressis chief economist, daniel lacalle.rview with the ufc champ he actually understands. merge personal discipline with fiscal discipline and accountability t seems it boils down to that, unfortunately governments, particularly western governments seem to have forgotten about that. >> absolutely. mr. m-oicano said it perfectly. the biggest problem, the governments completely forgotten what they have to do defend the power of currency and help small and medium...
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Apr 12, 2024
04/24
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economists are reducing the amount of expected rate cut. net interest income, jp morgan is set to win big, partly because of the size compared to peers. earnings of 20 $3 billion in the first quarter, seven times more than the estimated average. investment banking has benefited from strengthening u.s. equities and dealmaking and jp morgan has the edge again with a projected $1.8 billion, up 10% from a year before. bank of america is a rival likely to report 1.3 billion dollars from investment banking, up 14% from a year ago. for updates on how big banks plan to counter exposure, wells fargo is the one to watch as the share of lending is the highest versus the largest peers. a 2% right down of cre loans would reduce by 13% before accounting for reserves that have already been satisfied. haidi: from wall street banks to india's lenders we are scouring for trading talent as the economy booms in the employment market is so strong that stories are circulating about private bankers demanding 50% pay hikes. our reporter joins us with more with tod
economists are reducing the amount of expected rate cut. net interest income, jp morgan is set to win big, partly because of the size compared to peers. earnings of 20 $3 billion in the first quarter, seven times more than the estimated average. investment banking has benefited from strengthening u.s. equities and dealmaking and jp morgan has the edge again with a projected $1.8 billion, up 10% from a year before. bank of america is a rival likely to report 1.3 billion dollars from investment...
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Apr 21, 2024
04/24
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ESPRESO
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newspaper is not only a political-economic or economic economy, but also a political magazine, the economisted it. the column, the author, i will try to pronounce, i am not convinced that i will do it flawlessly, i don’t even hear it often in chinese, it’s not that fenyujun, no, yu, feng yun, i apologize to all chinese and chinese-speakers, wrote that he is an expert in chinese , and he wrote such, such, such a main idea and such an emphasis, russia will definitely lose to ukraine. why did i apply? this is the attention, and not only me and our editors, dear ones, they also directed me, if they were to direct me in the sense that since china is obviously a totalitarian country, well, okay, authoritarian, but even in an authoritarian country this is a problem. everyone has one voice, there are no discussions, if they happen, it is very much under the blanket somewhere. in some offices, in complete silence, and so on, and if someone even publishes something in the main english economic magazine called the economist, then it cannot be, this is my opinion, i just came up with it, it is obvious,
newspaper is not only a political-economic or economic economy, but also a political magazine, the economisted it. the column, the author, i will try to pronounce, i am not convinced that i will do it flawlessly, i don’t even hear it often in chinese, it’s not that fenyujun, no, yu, feng yun, i apologize to all chinese and chinese-speakers, wrote that he is an expert in chinese , and he wrote such, such, such a main idea and such an emphasis, russia will definitely lose to ukraine. why did...
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Apr 16, 2024
04/24
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, court economists at the kremlin, they are very, very stressed about this topic, because they understand they choose with... now people, now and so they have an unemployment rate, it is lower than the natural level, that is, the natural level, it is approximately 3%, that is, it is considered the norm, they currently have 2.7, 2.9, that is, in such keys, that is, it is believed that the russians, who are at the front, are also him employed, that is, he does, but in fact he does not produce anything, a tank that comes off the assembly line, his task is to leave on his own, to get to the front. and there, i'm sorry, to die with the crew, it's all simple, that is , it does not add any added value to the economy, it does not produce anything, economists sound the alarm on this topic, plus they say yes, if we still pull people out of from moscow, from peter, there are certain industries that will simply fail, the metallurgical industry, agriculture, some others critical enterprises, they will just really fail, and they think about this topic very, very hard at a time. actually, this issue can
, court economists at the kremlin, they are very, very stressed about this topic, because they understand they choose with... now people, now and so they have an unemployment rate, it is lower than the natural level, that is, the natural level, it is approximately 3%, that is, it is considered the norm, they currently have 2.7, 2.9, that is, in such keys, that is, it is believed that the russians, who are at the front, are also him employed, that is, he does, but in fact he does not produce...
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Apr 16, 2024
04/24
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while economists kind of raised their estimates, we saw d.b.s. was the latest to raise their estimates on the back of g.d.p. growth. there's still a lot of concern about domestic consumption and being able to keep the same or similar economic growth throughout the year to reach what the government wants, which is around 5%, as they say. in terms of the negative side of things, look at the topline figures. retail sales were lower than expected. home sales, home prices dipping down. nothing in sight that is potentially going to change that dynamic and without those two things, analysts warn that this is simply not sustainable. tom: you touched on the domestic consumption, the retail story. is there any sign than the be leaguered consumer in china that those things, that assumption, that optimism is turning around? katia: there are some signs that later in the year things could improve but there aren't a lot of details yet on it and what i'm referring to is the government's cash for clunkers program. what they're hoping is that consumers can bring i
while economists kind of raised their estimates, we saw d.b.s. was the latest to raise their estimates on the back of g.d.p. growth. there's still a lot of concern about domestic consumption and being able to keep the same or similar economic growth throughout the year to reach what the government wants, which is around 5%, as they say. in terms of the negative side of things, look at the topline figures. retail sales were lower than expected. home sales, home prices dipping down. nothing in...
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and certainly not the economist as well . uh, the additions, uh, i'm very used to deflecting from, you know, real concern. so by projecting, you know, some squares on to other countries. but as you mentioned, the americans are feeling the pinch already. how long do you think they will be able to sort of use foreign policy instead of talking and doing some real policies until other countries such as the bricks plus uh, china, russia, and ryan and the others decide that things don't have to be the slides there is an alternative, and they create a whole set of alternative organizations to the united nation standard, national monetary fund world. but there has to be an alternative. and one says, and alternative the whole world will gravitate towards the end of the united states . so isolated itself as thank since isolating, russia, isolating, china, isolating them. but it's isolated so many people that know it's left all alone. and all the rest of the people have to say is we can make our own world. we know they do well because i
and certainly not the economist as well . uh, the additions, uh, i'm very used to deflecting from, you know, real concern. so by projecting, you know, some squares on to other countries. but as you mentioned, the americans are feeling the pinch already. how long do you think they will be able to sort of use foreign policy instead of talking and doing some real policies until other countries such as the bricks plus uh, china, russia, and ryan and the others decide that things don't have to be...
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Apr 29, 2024
04/24
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we have spoken to various adolescent economists.eeds to work on some of these metrics in order to achieve that goal of a developed country by 2047. haslinda: thank you so much for that. let's stay with india, it has the third-largest ecosystem in the world with the major focus on ai and emerging technologies. our next guest owns a vc fund and investing consumer products and services company. let's bring in the founding and managing partner. good to have you with us. we will take a look at venture funds in india at a pretty much slowed over the past few years. do you see a reversal? >> all that the vc's we see are very optimistic about the entire ecosystem. i think that a lot happens just under the surface which is not visible if you are not coming to india frequently, but all of us that are investing in look at what is happening in india, there is a lot of action and activity. the strength this year from an investment perspective. haslinda: talk to us about the action you were talking about. which sectors in particular are attractin
we have spoken to various adolescent economists.eeds to work on some of these metrics in order to achieve that goal of a developed country by 2047. haslinda: thank you so much for that. let's stay with india, it has the third-largest ecosystem in the world with the major focus on ai and emerging technologies. our next guest owns a vc fund and investing consumer products and services company. let's bring in the founding and managing partner. good to have you with us. we will take a look at...
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Apr 22, 2024
04/24
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belarus produces all the goods that economists include in the result of the work of light industry. own textiles, leather, accessories, companies that make things from them, sell them and deliver them to cities and countries. raw materials and products are exported. in the case of leather, for example, these are raw hides, but our manufacturers, as in all sectors of the economy, try to conclude contracts for the supply of finished products. the profit is higher, by the way, they willingly take semi-finished products and products from us. if we talk about textiles, we sell yarn, threads, fabrics, especially the popular linen and wool. now in the top accessories. we do it ourselves, but in russia this position sank after the west imposed sanctions. therefore , our manufacturers are studying demand and negotiating with russian colleagues. plans are underway for a joint venture that will churn out buckles, rivets and zippers for both markets. and, of course, they take the final product from us: our underwear, tights and socks, classic sportswear, coats and jackets, bags, shoes and fur c
belarus produces all the goods that economists include in the result of the work of light industry. own textiles, leather, accessories, companies that make things from them, sell them and deliver them to cities and countries. raw materials and products are exported. in the case of leather, for example, these are raw hides, but our manufacturers, as in all sectors of the economy, try to conclude contracts for the supply of finished products. the profit is higher, by the way, they willingly take...
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Apr 3, 2024
04/24
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you don't have a phd and you are running an organization with many phd economists. can you speak about how your ground has helped you navigate? chair powell: when i graduated from college i had no plan other the idea that i liked what i saw in the careers of people like george schultz or cyrus vance. the idea was, these are people with a mainly private sector or career that served in the government at intervals and were able to do public service. i grew up in washington dc and all my family was not involved in any of this really this is what i observed and i thought i would like to do that. by some miracle that happened. it was not careful planning. i always wanted to do public service and i wound up doing that. i served as an aide on the hill. all these different things i have done. it is how that happened. arvind: one last question. do you have advice for the students in the room whose interests are to move between the public and private sector? chair powell: that's a great plan for people. people have different tolerance levels for volatility. i quit the and went
you don't have a phd and you are running an organization with many phd economists. can you speak about how your ground has helped you navigate? chair powell: when i graduated from college i had no plan other the idea that i liked what i saw in the careers of people like george schultz or cyrus vance. the idea was, these are people with a mainly private sector or career that served in the government at intervals and were able to do public service. i grew up in washington dc and all my family was...
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Apr 8, 2024
04/24
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because if we look at the economist, the in mental support is going to the well back report. it's saying that south asia is growing, but employment levels are actually falling. why is that? because they have so far they in creating the big manufacturing um landscape like south southeast asia. so far we have that could be, as i mentioned in india, but it's really brand new. we have the best with the techs that mean that's true, but it's really minor compared to the growing population. just remember that south east has population grows much faster than se asia population. so this is why they need many more jobs. and then it's really very hard to create, not always because you, you need that investment to do so. you need the companies to, to believe been in your company. is it just all your country just not so easy. so yes, creating the right employment is the way to go, but it's if they need to, certainly uh, by the attack that 40 megs meant to create those factories and, and as i said, also services not only, not only goods. yeah. and you mentioned bangladesh, though, i mean,
because if we look at the economist, the in mental support is going to the well back report. it's saying that south asia is growing, but employment levels are actually falling. why is that? because they have so far they in creating the big manufacturing um landscape like south southeast asia. so far we have that could be, as i mentioned in india, but it's really brand new. we have the best with the techs that mean that's true, but it's really minor compared to the growing population. just...
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i'm now joined by michael hudson and the american economist undistinguished research professor of economics at the university of missouri. professor hudson, it's great to talk to thank you very much for being available. that's good to be here. now i know that your academic interest on academic ambition is in exploring and writing a history of dat from seminarian times. throwing secret teeth are futile. you're up to the present that i'm sure that must have offered you a unique lance onto the american that which has cross 13 for trillion mark recently. do you see that primarily as an economic, as an ideological or perhaps as a psychological issue or do you see it as an issue at all on the surface? it's a, an economic issue. yes. and the logical because of the entire 19th century explained why a death overhead was going to be crushing the economy. uh, already you know, under marks. uh uh and uh, the rest of the last of the 19th century people were saying, finance capital is both an unproductive as an economic bird. but it'd be getting around the 20th century. there was a whole illogical claim
i'm now joined by michael hudson and the american economist undistinguished research professor of economics at the university of missouri. professor hudson, it's great to talk to thank you very much for being available. that's good to be here. now i know that your academic interest on academic ambition is in exploring and writing a history of dat from seminarian times. throwing secret teeth are futile. you're up to the present that i'm sure that must have offered you a unique lance onto the...
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Apr 11, 2024
04/24
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very unexpected because out of 30 economists expected -- out of 30 economists surveyed, only one expected this rate to come through. this is looking at latin american central rates, but peru is the line you see in purple, so it is a lot lower than counterparts in the region. a surprise coming through because last month, inflation slowed a lot less than had been expected, so still remaining above the peru central-bank target. rates really playing into the session intraday today. we had u.s. ppi inflation. you look at what we are seeing for futures coming in line, but a u.s. ppi print that came in lower than what economist had been expecting, so that was a relief. otherwise, the focus in the session came down to big tech. with the earnings season about to kick into full gear later today, u.s. tech stocks very much the focus, as we saw alphabet, for instance, inching closer to the $2 trillion mark. amazon hitting a record high. apple jumping on plans to revamp its mac line as well. morgan stanley you can see under pressure. bank names -- jp morgan, wells fargo, citi, all reporting earnings l
very unexpected because out of 30 economists expected -- out of 30 economists surveyed, only one expected this rate to come through. this is looking at latin american central rates, but peru is the line you see in purple, so it is a lot lower than counterparts in the region. a surprise coming through because last month, inflation slowed a lot less than had been expected, so still remaining above the peru central-bank target. rates really playing into the session intraday today. we had u.s. ppi...
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Apr 17, 2024
04/24
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evelyn herrmann is a european economist at bank of america and joins us from paris.his latest fall in uk inflation, we are still some way off the target of 2%. when do you think the target of 2%. when do you think the bank of england is going to make its decision to cut? . the bank of england is going to make its decision to cut?— its decision to cut? , the cutting cle is its decision to cut? , the cutting cycle is actually _ its decision to cut? , the cutting cycle is actually august - its decision to cut? , the cutting cycle is actually august now. - its decision to cut? , the cutting cycle is actually august now. i i its decision to cut? , the cutting i cycle is actually august now. i have to admit that into this week we thought that there was more of a chance that the bank of england might be confirmed to cut around june. if the interest rates had continued to show a better slowdown, if the... inaudible enough to get the bank of england, so we are happy with our base rate of the bank of england cutting cycle in august... inaudible given inflation, it could be a l
evelyn herrmann is a european economist at bank of america and joins us from paris.his latest fall in uk inflation, we are still some way off the target of 2%. when do you think the target of 2%. when do you think the bank of england is going to make its decision to cut? . the bank of england is going to make its decision to cut?— its decision to cut? , the cutting cle is its decision to cut? , the cutting cycle is actually _ its decision to cut? , the cutting cycle is actually august - its...