economist in -- economists in general believe you reduce quantity, that is to say number of workers, right? because you don't allow people to trade ao lower price and then what's mandated by the floor, in this case a minimum wage. so what was particularly troublesome, i think, with that explanation is that we saw huge growth in employment at the same time we saw wage increases. >> guest: right. >> host: so that doesn't lend itself very well to minimum wages. minimum wages you will see wage increases potentially, but you will presumably also see a drop in employment from it. >> guest: and there's also a aspect to these minimum wage hikes because they tend to harm the job prospects of the least skilled, least educated workers, a disproportionate numberm of whom are black and hispanic in this country. and so to the extent that you are raising the minimum wage, you're disproportionately harming those groups. andst the hard to move up the rungs on the ladder if you can't get to the first rung, if you can't get that entry-level job. and what these wage hikes often do is price people out of

here is the oecd's chief economist.— global growth. here is the oecd's chief economist.e good news in the forecast — chief economist. some good news in the forecast today, _ chief economist. some good news in the forecast today, the _ chief economist. some good news in the forecast today, the overall - the forecast today, the overall economy is improving. we expected it to moderate to 2.7% in 2023 and 2.4 in 2024, but it is low in terms of the growth we saw before the recent crises. a , the growth we saw before the recent crises. n, , ., the growth we saw before the recent crises. , ., , the growth we saw before the recent crises. , ., crises. many of the gloomy forecasts of a few months _ crises. many of the gloomy forecasts of a few months ago, _ crises. many of the gloomy forecasts of a few months ago, the _ crises. many of the gloomy forecasts of a few months ago, the reality - crises. many of the gloomy forecasts of a few months ago, the reality is l of a few months ago, the reality is not as bad as expected. we are also seeing high inflation its remaining stickier

the new finance minister may have met him check, and internationally renowned economist has pledged to return to rational policies, use it to find information that the security expert like olds on chicago. however, remain cautious. even if the new team were to convince ardon of a policy shift, he says, talk, he's economy wouldn't just switch, play, recover, lost. it's been, goes to camps. the problem is that all right, cool. now it has been through radio so much in the last few years that are not easy or quick fix this 3. it will take many years to fix and whatever you do, it will be very painful. if you have to increase interest rates to lower inflation . we will be faced with a huge risk of very high unemployment survey. there's the public and the president will actually have the patients to see through this thrust formation. yep. and remain so you have to be see here at the mall kitchen and the new no one wants to hear about more economic pains. people want prices to go down and the economy to heal. so things might get more difficult before they can get better. and then use now conf

, signaling a return towards more conventional conventional economic policies. timothy ash is an economist at blue bay asset management in london, and he's an associate phil a chatham house. 10, thanks for joining us. rates looked at the 15 percent. i think you were expecting a lot more words you out. how do you look at this? what, what's happened? well, he places 40 percent, so 50 percent policy rights means negative 25 percent real rates hops. the coupling flows with, with such large negative real rates taking how's the balance of payments? problem, lots content that's it needs to close the how does it close it? you know, if it's not in a high rates, it's got to let the count see a just an attrition check is just that's the finance ministers just come out just now saying that he thinks the ethics regime will attract effects in flows or capital inflows. i should say, up suggests they're going to let the exchange rate valves of interest rates do the heavy lifting, incentive, closing the trade and current account deficit? do you consider this a turnaround for turkey's monetary policy in any

it's kind of it's kind of a strange and the rest of society gets divided among economists on politicalunds and that gets away gets in the way from doing the science which ca or concept economic devices. we where i was at we put out that report led by a large part by someone chemist research. and we basically just used a literature's to say here's what the literature says will happen. it wasn't necessarily what we thought we would happen. here's to what the scientific literature says, and it was just completely dismissed. so can you talk a little bit about how you see that from a journalistic point of view because it's been a big change with trump that that occurred. well again, it's part of what i was getting at earlier when i said the journalist sort of put aside their their traditional standards when it comes to covering and administration and went into this full resistance mode and thought that their job was to you know, stand up at press briefings every day and great the president or or break the press secretary not simply cover the administration but to resist it and and you you s

economists were expecting rates to stay on hold.derstand that an indian start up decided to not make a payment to a loan after a dispute with lenders. it could jeopardize one of india's highest flying startups. they've been trying to strike a deal with creditors to restructure the loan while seeking to lift its unit last year. china evergrande's property unit has a delayed report that may bring shears closer to a resumption of trading. they reported a profit of just under $200 million for 2022, reversing a prior year's loss but fell short of 2020's results. the stock of the most indebted developer in china has been suspended for more than a year. dani: adrian, thank you. coming up, apples expensive new headset tests the tech giants marketing might. we will discuss all of that. this is bloomberg. ♪ >> in the same way mac introduced us to personal computing and iphone introduced us to mobile computing, apple vision pro will introduce us to spatial computing. this marks the beginning of a journey that will bring a new dimension to powe

economists talk about something called the ikea effect. and this is the idea that you something more that you build yourself. economists call this a cognitive bias that we value something more, that we build ourselves. and this idea that we coax that people in communities have capabilities to solve is so overlooked in our desire to build. and in the public sector. politicians talk about the most efficient solution. but what's often overlooked in, i think, the most pressing crisis that we have in front of us right now is, a legitimacy crisis. we can look for efficiency, but we may not find it. and all of the efficient solutions in the world that from the top may not matter if none of us believe in the system that we're working in. and so legitimacy issue may come at an efficiency tradeoff. but what's more important is us together allowing people the platform and, the opportunity to work together to creatively solve problems. so a lot of my work inspired by another nobel prize economist who passed away not long ago, elinor ostrom and ostrom

that led some economists to believe that the rba will be hiking.e flipside we had an employment report which showed the jobless rate going up. we had signs of easing in the economy. another thing we are seeing in the housing market is prices are going back up again which the reserve bank does not want. there are a few things that are playing against each other. making the decision is really hard so that is one reason why economists and markets to leave this meeting is alive and anything could happen tomorrow. paul: every meeting has been live. 11 of the past 12 have seen a rate increase. what are the impacts we might anticipate from the increases so far we have not seen yet? >> one of the things we have yet to see is the move from fixed-rate mortgages which were fixed around two to three years during record low interest rate period to they will come up for removal around september and october. that is when economists say the largest impact of rate hikes will be felt. it is still lagged and we are not really seeing the impact of 11 rate rises so muc

2011 the - economist magazine published on the cover saying, economist magazine published on the coversayingd from the weakness of his opponents and defend a permissive environment in the public sphere and the mainstream media. he was very damaging my country. he restored a broken economic system and did nothing to improve a political system that was based on collusion. he was a disaster for my country. find based on collusion. he was a disaster for my country. and yet he had many supporters. _ disaster for my country. and yet he had many supporters. he _ disaster for my country. and yet he had many supporters. he was - disaster for my country. and yet he had many supporters. he was a - had many supporters. he was a successful businessman turned politician. the parallels with donald trump do not stop there, do they? he was mired in scandal, as you touched on, personal and professional. i am looking at the rap sheet here, charges of bribery, tax fraud, sex with an underage prostitute. he was convicted on several occasions but managed to avoid jail time. what was it about him that still inspire

data due out later on friday from us economist department is likely to confirm prices are cooling. but with inflation still stubbornly high, policymakers here, as in many other developed economies, aren't done raising interest rates. michelle fleury reporting. let's quickly show you how markets reacted. all major major intersystem 0k all major major intersystem ok but japanese nikkei all major major intersystem 0k butjapanese nikkei opening but japanese nikkei opening slightly lower, butjapanese nikkei opening slightly lower, down by about i%. in other news, sporting goods giant nike has reported its latest earnings for the fourth quarter and revenue coming in at $12.8 billion. that's slightly higher than expected and it also means they have beaten revenue estimates for seven straight quartrs, with sales jumping in both its modest market, north america, and in china following the easing of covid—19 restrictions. chinese authorities have released data showing factory activity. it fell to its five—month low in may. the economy engine has been showing signs of slowing after the post—c

economists do not have crystal balls. but _ to be enough? economists do not have crystal balls.nterest rates to stay high for— expecting interest rates to stay high for a — expecting interest rates to stay high for a long time. so whatever high fora long time. so whatever support— high for a long time. so whatever support you put in place is likely to be _ support you put in place is likely to be needed for a long time. so the government— to be needed for a long time. so the government is wary of doing anything on that _ government is wary of doing anything on that the — government is wary of doing anything on that. the other point is that if you try— on that. the other point is that if you try and — on that. the other point is that if you try and intervene, it makes the bank— you try and intervene, it makes the bank of— you try and intervene, it makes the bank of england'sjob harder because the bank— bank of england'sjob harder because the bank wants people to suffer to some _ the bank wants people to suffer to some extent so that the economy because _ some extent so that the e

it's an essay like an economist along with other experts and you said it's a terrible idea. not have missed it, i would not have put my signature on it, but what i want to say is that we we see us politics we see that us politics has been captured by these geopolitical strategies that do not think about the economy. they only think about who has the longest budget who is the first who is the coolest they don't think about globalization in terms of economics. but when i think about the economy and about globalization. i understand that the global economy should serve people and support interaction between different countries. this is real globalization, not globalization as the only system to support america like this city on a hill, like the very first most leading country? better for the countries, er, the global economy or the national economy, after all, if today the global economy does not serve as the tool you are talking about. the global economy still needs to be better protected and supported, and why can i say this, because look at russian diplomacy if russia looks

chief economist at anz.ou can get a round up the stories you need to know to get your day going in today's edition of daybreak. you can get that on dayb on your terminals and customize your settings so you only getting news on the industries and assets you care about. this is bloomberg. ♪ paul: a quick check of the latest business headlines. to set up a factory for manufacturing lithium ion sales. the estimated initial investment is $1.6 billion for an ev battery plant that will have a production capacity of 20 google what hours. the state government says it will generate 13,000 jobs. apple is set to announce its mixed reality headset later on monday at its worldwide developers conference. likely to be named either the reality pro or ex are pro the headset will be an ultra premium device made of glass, carbon fiber and aluminum. the product blends augmented virtual reality and is set to cost $3000 per ubs may reportedly delay releasing second-quarter results until the end of august. the bank is due to r

>> luckily, doctors are better at diagnosing things then economists are.ists to make them look good but they're not that super at forecasting the economy. i'll give you an example, "the wall street journal" surveys a number of economists, has for many years for various things. and one of the things they ask is how likely do you think a recession is, u.s. recession in the next 12 months. last october, it was the highest ever. 63% said they saw a recession in the next 12 months. g but if you go back to the month that the recession would begin, the worst ever post-war recession, bass only 23%, which is above average, but they sort of missed that one. and of course, the stock market tends to actually have a better record of predicting recessions than economists. it's with no means perfect, paul samuelsson who won the nobel prize made a joke that the stock market has predicted nine of the last five recessions. it's not that good. it peaked earlier because that sharp possession. the fact that we're pretty strong now really reflects what people think. what price

or economist, equipment operators. i think that that human element is always there when it comes to of killing people and you know, in the war or in the battle, be able to destroy cities and destroy villages and so on. and you're, you're an operator of the equipment. then you're part of it, right? you can't ignore the fact that your participation on, on many levels to what is happening on the ground. so i don't think human skin to the absolve themselves from saying that or doing or, or saying i have nothing to do with this. this is the machine that did it. no, it's not. you know, uh everybody who's part of that process is involved. and so we have to acknowledge that, and you mentioned to us the sports, there's a, there's a severe negative side to it. we're seeing, you know, oh, soldiers who've gone into battle or has been part of that, their stories in march. there's movies being made on that in many of those things are emerging, it has a negative, it has a huge negative side on the people were operating this machinery

now, this is far more than economists predicted. scott mcgrew says those economists are terrible at predictions. >> at least when it comes to predicting those jobs numbers. the media poll economists each month, they come up with a consensus number and it's almost always wrong. wrong 13 of the last 16 times. and each time smart people guessed too low, they underestimate the economy. they low balled it again this month. a breathtaking 339,000 jobs added in may. a number in the twos would have been a big number, so economists are just throwing up their hands in happy frustration. they're so confused by how well the economy is doing. they were looking for a number in the high 100,000s, which showed you how wrong they were. now, even the jobs numbers are based on estimates, and the government raised their estimates from previous months as well, adjusting those numbers upwards, which is yet more good news. >> there is lots of robust hiring at the payroll level, and so the good news continues for those who are employed with a large corpora

and prime minister, where economists aerial vehicles are used to shut down logistics convoys. we saw a number of different examples in which the billions were effectively becoming casualties of the systems. and this is again a largely, um, sort of i guess make nathan to be around systems that have long standing records in terms of the research that show that they invariably violate park human rights. they violate our rights privacy, our rights due to equality and non discrimination. we saw how facial recognition technologies was used against black life matter. protesters at the arch following the murder of george floyd. i imagine now systems that are weaponized using the same technologies which are biased and which, which also when not biased or used in context that are discriminatory, institutionally, that can only lead to the further erosion of our rights. and, and this is why it's so important to, to tackle those technologies, you know, discreetly, before we get into, to sort of this essential this debate on a, i mean, sort of taking over the world and mat, you brought up t

however, independent economists do claims the truth, inflation rates essentially much higher. and so from man, if there's a team here and by then if you want more, you can have the ability to read up. com slash business. we're also on the data, we can use youtube channel, of course, plenty of other stuff on and creating a business special from last week where we talk even more about the current economic situation in to can you files us on facebook as well as data retail business and for me, in the business team this time around the s o c next time taking the, [000:00:00;00] the, the energy everybody wants say, everyone needs it just to make it sustainable, please. changing to renewable energy sources is feasible. so why isn't it happening? to borrow today on dw the i'm tired of the 34 years. i was a metal i didn't know what has the best on the never ending. story of asbestos starts june 21st on d w. the, we have all the technology we need for the energy revolution. moving away from fossil fuels is possible but what use a lot food at pods, electricity grids such as those in ind

, what is the line between semi autonomous weapons which are currently used in combat and fully economists and how we cross that line yet? well, we're getting close and certainly if you know the systems we have today, and you showed pictures of many of the different robotic systems that are in development under see in the air are still controlled by people. humans are still directing them in that video. humans are in the loop making decisions very few countries and really none of the leading military nations have rule out fully. economists, webpage that will be making their own decisions about whom to show on the battlefield. and the technology exists today. all it takes is for somebody to put it together. there were some videos that came out in ukraine last summer that showed all of the components of the technology. humans were still in charge, but really all, it takes it for a few minutes to just step out of that loop. and then we, we begin to cross that threshold where machines are making their own decisions on the battlefield. i was going to kill. yeah, melanie, i want you to watch thi

with the economists that work at the fed, the ph.ds and the economists that work there on these models, they have a variable in the equation called "r." and "r" is interest rates. and that's the one thing that they can control more than anything is "r," interest rates. and in that variable, they try to equate where demand is equal to supply. because when demand is greater than supply, it creates a lot of inflation. so they try to create a dynamic where demand is equal to supply or just marginally higher than supply, creating a 2% inflation rate so they don't want to tinker with that, once they've settled on the rate. once they stop here at 5, i believe they're done for an extended period of time. an extended period is the rest of this year into next year. i don't expect any fed long of rates for some extended period of time. because they put a lot of money in the money supply, cut rates to zero for too long, credit too much inflation a lot of that is on the fed. and what they want to do, really, is exit left let the markets do its work. let the work they've done at 5%, fed funds rate,

economist.eard those comments about data pushing potentially the fed into a corner but let's dig into this. beyond the headlines, i know you have felt this had some signs of softness, this jobs picture. >> right, everybody has focused on the strong nonfarm payroll monthly gains. on the others of this report is the very week household employment change, negative 310 or so. much of this decrease in household employment is driven by a plunge in self-employed people. i think what's going on is these people during the pandemic were selling crafts on etsy or ebay are suddenly seeing perhaps a plunge in demand for the products so they want to go out and find a real job. that's what's being counted in the nonfarm payroll. however,, i think nonfarm payroll is capturing this transition from a sector that was not measured, rather than telling you about the overall flow of the economy. overall, the labor market is softening. matt: why does it look like wall street only cares about the establishment survey,

economists are split, but it is a slim majority for 25. the market is priced in the middle.t of local banks are calling for jumbo hikes, based purely on the inflation outlook. it sounds similar to what is going on in the u.k.. they have an unexpected rise in core inflation, higher than expected wage increases and some improving prospects for growth. it's really tempting for them to go for a jumbo hike today. they've seen their currency weaken a lot versus the euro. they risk a devaluation of the currency slightly like their neighbor sweden has seen. dani: i've been fighting the urge to call it a hot course summer all morning, but i've been doing it. >> the big one is at noon today. the unexpected rise in core inflation saw yesterday alongside that really hot labor report that reflected a lot of wage pressures going on in the u.k. labor market. the market is pricing 35 basis points for today, so squarely in the middle. the next two meetings have priced in 75 basis points. the market is thinking is going to be a jumbo hike, whether it's today or in august. we whitley see an ar

i take my economist at.ers you a great risk of adjuster return, we are over great -- overweight cash, but we are underweight our normal allocation. shery: morgan stanley's chief u.s. equity strategists. we are less than half an hour away from the market opens in japan, south korea and australia. how are we setting up? annabelle: that's the big question, how investors will react to the fed sticking or staying on pause. a lot of mixed signals coming through from what we saw on the dot plots versus what came through in the guidance. how investors will interpret that is the big question. broadly the readthrough from strategist as we can expect a level of resilience and that was reflected this morning in futures, kiwi stocks gaining here at the open. u.s. futures staying fairly flat this morning but we saw the upward roof -- upward momentum in the price. .1% overall. that is the longest win streak we have seen in about 18 months. take a look at what we see in the fx space because again we are trading fairly flat,

they can do that with the rrr cuts which economists do. forecasts could come this week but very much likely to kick in next quarter. relate what needs to be done is on the physical side of things. that is where beijing seems to be reticent to deploy anything to do with rolling out stimulus measures for the property market. that is the biggest drag on the economy right now. getting people to buy big-ticket ticket items like cars, washing machines, dishwashers, anything related to the property market as well. also cars qe and people asking y has the pboc not done qe? we look at the balance sheet of that central bank, it is low compared to japan and that fed than the u.s.. getting the central government and getting the pboc to roll out more aggressive measures, let's see if that is likely. yousef: thank you for the analysis. really important. so here it -- sofia horta e costa, our chief correspondence and hong kong. president biden has held progress in restoring ties as his secretary of state antony blinken wreps up meetings with president xi

economist ellen accident never is here.ll tell you why she thinks investors should pause today and another in july. if you haven't already, follow us on podcast. check out apple, spotify, other pod apps check out the economists at the virtual financial adviser summit there's still time to sign up. scan the qcor de or visit cnbcevents.com with gold bond... you can age on your own terms. retinol overnight means... the smoothing benefits of retinol. are now for your whole body. plus, fast-working crepe corrector diminishes wrinkled skin in just two days. gold bond. champion your skin. as a business owner, your bottom line diminishes wrinkled skin is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network, with no line activation fees or term contracts... saving you up to 75% a year. and it's only available to comcast business internet customers. so boost

lena komileva, managing partner / chief economist, g plus economics.he stays with us. stay with bloomberg. ♪ francine: welcome back to the open, 23 minutes into the european trading day. the focus on u.s. jobs and whether that will blow everything out of the water and push the fed toward an interest rate hike in june which is not priced in. stocks gaining between 0.4% and 0.7%. we are back with lena komileva, managing partner / chief economist, g plus economics. we are talking about the fed and what we expect in june and beyond. the ecb is interesting because we heard from the french central-bank other who said what they did is feeding through inflation, is that correct? lena: i did not catch the last part. francine: is it starting to filter through inflation, which is why we see it coming in below expectations and many european countries? lena: central banks can have relief because falling headline cpi rates in the euro zone and in the u.s. and u.k. have finally started to converge toward the central bank 2% target. we are nowhere near that. what is a

yes, and economists would call this a second order effect.their mortgage rates and they demand higher paid from their employer, and it becomes a vicious circle. this is something the bank of england and other central banks have been worried about, the second order effects. what many economists got wrong is that they anticipated that after covid, our unemployment rates would be a lot higher. that hasn't happened and while it is on an individual basis, we are all feeling the pinch from the cost of living crisis because almost everybody who wants a job as a job on an aggregate level in the whole economy demand has been a lot more resilient because we have all still gotjobs, and that means the bank of england will have to work harder to push down on demand and, really, to raise the risks of recession of in the risks of recession of in the economy so inflation goes lower again. we've just done a segment on this programme about us inflation halving and a 93% chance that rates will not go up, and might start receding. last week on this programme we

economists have been trying to predict what happens next. particularly concerning assessment came on bbc radio from karen ord, chief market strategist at j.p. morgan. >> our economy is running too hot. the difficulty for the bank of england is they have to create a recession. they have to create uncertainty and frailty because it is only when companies feel nervous about the future that they will think, maybe i will not put through the price rise. or workers, when they are less confident about that job, think they will not push for higher pay. it is weakness in activity that gets rid of an action. nancy: let's talk about this more with jamie rush, chief european economist for bloomberg. is she right? what you just heard there? is some deaconess what the economy needs? jamie: she is. it is what the bank of england went out to achieve. they have raised interest rates in the idea of getting the economy to slow down. when the economy slows, unemployment goes up. people worry more and are less likely to push for a big wage increase. it is true th

i wrote a few ago hayek was more than just an economist. he published impressive works on political psychology and the methodology of the social sciences. he's like marx, only right? and with that i'll introduce our distinguished speakers and get off the stage. or technically put down my microphone. bruce caldwell is research professor of economic ics at duke university and director of the center for the history of political economy. he may be the greatest hayek scholar. he has the general editor of the collected works of f.a. hayek, which has just been completed after more than 20 years. he is the author of hayek's challenge, an intellectual rule biography of f.a. hayek. and he's here today because. he is the coauthor of the new fall biography hayek, a life. though it was a life of such accomplishment that this is only the first of two volumes after he discusses the biography, we'll hear from deirdre mccloskey. and speaking of interdisciplinary scholarship, deirdre is the distinguished scholar isaiah chair in liberal thought at the cato in

luigi speranza, chief global economist, bnp paribas.ring you some of the company stories in tech stories we are following today. adobe shares gained in the u.s. after trading and raised its full-year forecast revenue and profit outlook on optimism that generative ai features will spur demand. you mentioned ai, you get a rally. they say software sales will be about $19.3 billion. in europe bloomberg has learned intel received 10 billion euros in subsidies from the german government for a chip manufacturing complex. the u.s. tech company had previously postponed construction which it had agreed to with 6.8 billion euros. it blamed economic headwinds. coming up, former u.s. secretary of state, henry kissinger, spoke on china-u.s. relations. we will bring you some of that conversation, next, on bloomberg. ♪ >> i think our service revenue will grow relatively steadily in the second and third quarters. it is still hard to say how much it will grow, but it is part of the overall echo system for marketplace -- ecosystem for marketplace merchant

while nevada lawmakers and the governor of said it's a great deal for the state sports economists sayust the opposite. people who are spending money at stadiums, buying tickets, bind. can sessions even going out to eat outside the stadium? >> that's money that was mostly spent by people who are local to the area. >> and so it's just a reshuffling of existing money in the community and doesn't generate lots lots of new spending or job growth in the area. >> and nevada residents seem to agree a public opinion poll on the nevada legislature site finds of the more than 3,000 people who have voted. 71% oppose the a stadium deal. if you're taken vacationers out of the casinos and out of the high price shows and putting him into a low cost leader for the las vegas a's. that's probably a loss to vegas economy, not a net gain. also opposed to the deal. the oakland 68, the diehard group of a's fans who want the team to stay in oakland. but one owner john fisher to go ownership group. >> you know, just a shock and we need somebody in here who actually wants investment team and be a part of commu

the white house. claudia, you were the economist. so, um, could i please get you to assess the biden speech, the pluses and minuses? according to you. let's start with the pluses. what did you like in the speech from an economic point of view. all right, so 1st of all, i'm an economist, not a political person. so then obviously there's that piece of the speech. what really is important to me as an economist is to watch the see change, read by and has done a lot of swing for the fences with his policies. you know, that's tough to do. you can argue about the policies, but as he's been stressing a lot is he's future investments and fort and these are good, right. building them for structure, getting the, the are the internet out and on and on like they've done a lot of good in the last year to what people are going to make their assessment on what they are living right now. you know, you can tell people in the future, but it's like what have you done for me lately? right. and so i think that's the challenge you face of. one thing that i

the chief apac economist at moody's that is -- analytics.teve, look at the most direct policy impact we could see this week. potentially, a move from the pboc. do you think that is warranted? isn't that something we are expecting given that so much signaling has spent -- pointed to the opposite from the people's bank of china? steve: i think definitely there will be stimulus coming along the way for china. given the really weak numbers and the unevenness of the data coming out of china. i am not so sure there will be an overall rate cut, a cut in the lpr or something like that. my guess is that because of the now very high debt level in china and the high debt level amongst the whole government, amongst households, amongst business, perhaps, a rate cut may not be the way that the policymakers want to go to stimulate the economy. because, there will not be a desired stimulated increase, a broad increase in debt across the economy. i think there is a greater chance of there might be much more targeted stimulus to try to simulate some of the sp

he's chief economist, come out spunk in germany. your thanks for joining us. we know that germany has been worried for a while about it's attractiveness in a globalized world. this year has been especially difficult, is it just mentioned, especially with the war with the energy prices. a deal like intel is a big deal in the figurative sense of the word. does it tell us what we need to know about germany's attractiveness? no, i think the same we contact the industry is a special kind of industry. we're a subsidies are i use it. but i think when you would like to learn more about that to the general attractiveness of germany, they look at all of the other firms. then also look not only at energy issues, what we have been seeing based on indicators over the past 15 years is in general erosion in the quality of germany as a location to do business. this has been, this has to do with a bad roads, raise a high call for texas, and rucker see the problems when it comes to digital infrastructure. and these things need to be fixed. right? those investments that perhaps

it, but from these are the economists who are using office seeds value and trading a new one. and they'll say about a new or used to let you know in these currency would not lead to any dependents or any such strategic support in motion. and that feeling instead of taking go for the nature of your side of the team. a likely scenario is that soon, half of all i continue and imports will be paid for in you one. so to what extent is this part of april or a trend? let's bring in dw corresponding thoughts on how to in taipei. so do you think other countries will start paying for chinese input to shore up their dollar reserves? a yes. to avoid the risk of following us the assets. many states started to do so, especially central and south american countries. the rent may be holdings of 4 countries, brazil, chilly mexico and peru recently approach $30000000000.00. an increase of about 10 times compared to the end of 2018. for them, china is the number one trading part of like brazil, a sports island or, and soybeans and imports, chemicals and machinery. initially, the process of chine

we spoke with the economist on the i've list, i can have a hebrew, you've said washington's return on investment when it comes to supplying cube with more weapons at the end of the day only amounts. so it continued loss of ukrainian lights of everything but not to is a made to is able to put into the sort of yes or is, is worth nothing. it is getting destroyed in the blink of an eye. so it is talking for the nato that to whatever they were, where flexing their muscles with, apart from the new, loopy are so from the us, it's west. nothing. so they can't even do anything with it. yes, they wanted to have premier to grow russia out of the black sea, but it didn't work and it won't work. and there's not even the slightest view on this. this will work. so there's really nothing military what they can gain. now the ordinary people in ukraine, and it doesn't matter if they feel a bit more ukrainian or they feel a bit more russian are suffering. the country has lost more than half of the population and people are suffering and stuff right. and people are dying and both sides and what floor th