kallum pickering, senior economist at berenberg bank. | economist at berenberg bank.d with that inflation data in a little over an hour. staying with inflation, a year ago today, president biden signed the inflation reduction act into us law. but america's first serious attempt to tackle the climate crisis has ruffled feathers, as it includes protectionist measures that might hurt europe's green industry. 0ur correspondent michelle fleury has more. the name inflation reduction act is confusing since most experts agree that has done little to lower inflationary pressures. why is it called that? let us say it but the politics of the day. when it was signed into law a year ago today prices were rising at the fastest pace a0 years. if it does not bring down inflation then what exactly does it do? according to president biden who is on ace three state tour this week it is helping to combat climate change, create jobs and lower people's healthcare bills.- jobs and lower people's healthcare bills. since i took office the — healthcare bills. since i took office the private _

others criticise theirs, economists saying they i theirs, economists saying they should have waited for like this.

kathy economist -- kathy economist -- half the economists who were here last year were worried about inflation and most were not of said we would be out of recession by now. it is a great example where this wasn't government, this was the private sector being innovative. what we have not talked about as much today is the potential downside and what is the role of government. government has to be careful not to stifle this. we are in international competition. we talked about china earlier, that is certainly true. but think about it another way -- if there is nobody auditing it, it could go out of control and have negative impacts on our economy ultimately an individuals. think of the bias and discrimination that could be in ai. speaking to a former dean, soon to be president of brookings. in the application process, in terms of ai, somebody came up with this database. the algorithm to determine whether it is going to be you are going to be you has built-in biases. you have to be careful to verify that this ai is working properly. adena mentioned this. the department of commerce has t

rather than economist. and definitely a monetary economist training my my view is that central banking, monetary policymaking has become very abstract, very model driven. and the assumptions behind these within the models embedded in the models. but, you know, rational expectations and a general equilibrium and and then these strange they have these strange represent to agents you know the entire economy and you know represented by a single company or a single individual that so abstruse these models so divorced from what we see in the real world that that that i think that they've led the the the central bankers into a sort of theoretical. that they they can't they don't really see what's happening i, i mean i'm not saying all of it. i think what's happened in particular in the last, you know, with the fed and other central banks is that was, if you remember, the financial crisis a bit a a tussle between the so-called doves, you know, who wanted lower and lower interest rates. and the hawks and the hawks r

so today economists expect headline cpi to drop again, as we were hearing from our economist dan hansonearlier, that would be from. 7.9% to 6.7% in june. but economists do reckon that core inflation is going to stay sticky and fall only from 6.9% to 6.8%. the monetary policy committee is going to be having a close eye on that. currently, goldman economists expect a quarter point hike from the boe next month, but the idea of a half point hike is back on the table, at least according to analysts at saxo bank and td securities. but don't forget as well, we have got a whole other batch of jobs and inflation data before the next boe decision on september the 21st. so we'll keep an eye on that as well. of course, how much inflation falls is going to be crucial to getting uk stocks back in investors. good books. so those numbers at the top of the hour are staying in britain ever since british politician turned pundit nigel farage said that his bank account was being shut down because of his political beliefs. on the issue of and i'm putting some air quote marks in here debunking has been thrus

i mean, some economists — across the country. i mean, some economists are — across the country.ts are saying _ across the country. i mean, some economists are saying this - across the country. i mean, some economists are saying this needs| across the country. i mean, some l economists are saying this needs to happen. it is short—term pain, long—term gain. but how badly would you say people have been struggling with these interest—rate hikes? and it's notjust that. we got the cost of living crisis, things are going up of living crisis, things are going up everywhere you look? 50 of living crisis, things are going up everywhere you look? so what we are seeinu up everywhere you look? so what we are seeing i — up everywhere you look? so what we are seeing i think _ up everywhere you look? so what we are seeing i think is _ up everywhere you look? so what we are seeing i think is 1.4 _ up everywhere you look? so what we are seeing i think is 1.4 million - are seeing i think is 1.4 million households whose disposable income look set to fall by about 20% and that's likely to bring the

a senior - economist. motorbikes are popular form economist.pularform of economist. motorbikes are popular form of personal transport across asia. the vehicles are cheap and convenient but can also cause mass amounts of pollution. busy cities need to make the switch to have more collective energy. taiwan believes it is the answer to lower the cost of going electric forced operation business correspondent sent this report from taipei to. here i am in taiwan and this little — here i am in taiwan and this little electric scooter may not look — little electric scooter may not look like _ little electric scooter may not look like anything revolutionary but it is. it is a world _ revolutionary but it is. it is a world first and i'm going to show— a world first and i'm going to show you _ a world first and i'm going to show you why. . there are show you why. there are millions of show you why. . there are millions of motor scooters here in taiwan— millions of motor scooters here in taiwan and they're very noisy— in taiwan and they're very noisy and _

well, now if we want to elect an economist for the 12th parliament , an economist. it should be chosen that has this is the characteristic of islamic economics without global economy, academic economics without administrative economics, without the administration of the country, the economy and the native economy of iran, if he knows these without distinction , this is where this position is determined by the expertise that they are a new expression, if this economist i have come here to be the only one who hates and hates. can i do what was done in mr. raisi's government ? he invited good friends who were interested in brevity, but you gave them a bad way. a complete economy was not achieved in the livelihood of the people, and some there is no history of other governments, and even worse, this inconsistency is the son of a change of power. why is a muslim in the construction government after the people's war and hashemi there, well , he was in control now . he used all the thoughts in a second. and as a result, it worked well in the reconstruction after the war wi

andl most economists i talked to would agree _ most economists i talked to would agree we _ most economistsed to would agree we cannot get all the wheatl most economists i talked to would i agree we cannot get all the wheat we need to— agree we cannot get all the wheat we need to go— agree we cannot get all the wheat we need to go towards _ agree we cannot get all the wheat we need to go towards the _ agree we cannot get all the wheat we need to go towards the parish - need to go towards the parish agreement— need to go towards the parish agreement goals _ need to go towards the parish agreement goals and - need to go towards the parish agreement goals and net i need to go towards the parishj agreement goals and net zero need to go towards the parish i agreement goals and net zero and long-term — agreement goals and net zero and long—term decarbonisation- agreement goals and net zero and | long—term decarbonisation without having _ long—term decarbonisation without having additional— long—term decarbonisation without having additional regulations - long—term decarbonisation without having a

economists in the survey are even more downbeat on china.re you expecting more easing from the pboc? mark: i think it is inevitable that the central bank in china is going to respond further. they seem to be relatively slow in getting it done this year as it is. wherever you look, there is warning signals from the chinese economy that things are not very good. even now, 5% dp growth looks optimistic and it will be hard for china to achieve that. yes, very likely that there will be more easing. probably very targeted and it could beat the rrr cut or another mlf cut but whatever it is, the direction is clear. they need to do more. they will probably allow the currency to weaken more as well. at the same time, it need to governments to be pushing is in other directions. they need to do more to clean up the property sector. they need to restore confidence in the banking sector as well. it is going to be a concerted effort between fiscal policy and monetary policy. for now, that is what investors see as a cap. -- as a gap. it is not everybody pus

spring in resident economist, europe chief economist jamie raskin. - rush.a reaction of relief that disinflation is in place, then we put the trades back on that we could have a re-acceleration of inflation. is there anything specifically in this report that would lend his hand? or are we looking at something else that might be concerning? >> the market is having a tough time working out how the data will feed into the decision, how it feeds into the reaction function of the fed. if you look at the underlying indicators in that report, we see two straight months where core inflation on a seasonally adjusted basis is consistent with the fed target. we have seen core goods prices coming down. basically, there's nothing in the report which points to a sustained period of reacceleration of underlying inflation. it means the balance of risks for the fed is changing. headline inflation probably in the right direction. there is more room to focus on the impact of rates on the economy. dani: is there any not necessarily that the economic picture deteriorates, but th

what economists say we can expect. (♪♪) rsv can be a dangerous virus...eeze] ...for those 60 and older. it's not just a cold. and if you're 60 or older... ...you may be at increased risk of hospitalization... [coughing] ...from this highly... ...contagious virus. not all dangers come with warning labels. talk to your pharmacist or doctor... ...about getting vaccinated against rsv today. >> for your money tonight, the inflation rate increase from 3% in june to 3.2% in july. >> the statistic breaks a 12 month streak of decelerating inflation. but as kron four's anna wiernicki reports now some economists say they are still hopeful that the new data is not necessarily a sign the economy is headed in the wrong direction. >> economists say that while the rise in inflation isn't what we like to see, they say it was expected and they say just shows how challenging the fight to bring down inflation will be moving forward. >> our plan is working. president joe biden says july's consumer price index report is good news for americans. we have more to do, inflation is

and joining me now for analysis is our europe economist, chief europe economist jamie rush from bloomberg economics. morning to you, jamie. there's been a lot of talk, especially from people around the government, about wages growing faster than prices. for the first time in nearly two years. i wonder how much that would actually be a cause for the for celebration, especially from the bank of england's perspective? yeah, if it keeps meaning that rates have to go up higher and higher, then i suppose it's not a cause of celebration. it's kind of a case of good news is bad news here. um mean? yeah. wage growth is much too fast. you know, above 7% is running too fast for the bank of england. it's not consistent with the inflation target. it would need to fall back to somewhere between 3 and 3.5% for the bank of england to feel comfortable that they're on track for 2% inflation. and we're nowhere near that yet. and how much of a hot wage print would you need to see jamie to change your outlook for peak rates? i think you currently see 5.75%, right? yeah. so we're expecting to hike in the next

thank you, gholamreza mesbahi moghadam, an economist and a former representative of the islamic council. well , we had a different discussion than the parliament itself. now, the three priorities you mentioned are expertise, experience, mental health, and the new example that we in the period when we got the economic experts and elites in the parliament, we got the best ones. currently, according to the atmosphere in the domestic field and the international field, the proposed solution, i mean in selecting the people of doberman, there was no concept of your suggestion or recommendation for the people in the selection of my elites. health, see castile "ziyad" in the meaning of ancient iran university is a "high deficiency" of this caste, or so to speak, if we look at it with pathological methods, it is divided into two categories: the external factors are separate, the mischief of the world, like you see sanctions, and other issues . there are different internal parts, which form is between zero and it can't be said that sometimes all the problems are variable and he notices outside, i'

the parliament needs politicians and economists. it needs politicians, it needs people who know about the world situation , it needs commitment to islam and agreement with the islamic republic, but not these issues. those who are in this commission should do better be it people in the world, be it economy , be it the world be it agriculture, be it things, be it global issues . that they should be specialists because in today's world it is necessary to have a special specialist in the field that a muslim should have . solve and political he should know the country, our current situation in this regard with the war without a representative, be an expert and be committed. the representatives are committed and committed to the economic and military principles and have the powers that can speak 504 years ago. it has been 36 years since those days. it is the virtual alleys of summer 1402, with that voice that is now gone, they have covered the words with this label of invitation to the elites , without a doubt, people will be more motivat

the figure was well below the 50.3 economists had forecast.ring activity in the uk was mirrored in the eurozone, where the index fell to a 33—month low of a7. both figures will be closely monitored by bank of england and ecb policymakers ahead of their next interest rate decisions. joining me now is chris williamson, chief business economist at s&p global market intelligence. s&p global is the company behind the pmi data. good to see you. does this mean the uk is heading into a recession? mat uk is heading into a recession? not a recession — uk is heading into a recession? iirrt a recession yet, but certainly a downturn. the figures are consistent with the economy contracting midway through the third quarter. we have seenin through the third quarter. we have seen in ice growth the spring after the problems of last autumn with the trust budgets and so forth, but business has picked up again —— truss budget and so forth. higher interest rates are really taking their toll on the economy now, companies are reporting falling demand and activity, so

dani: it is fascinating that we are seeing the economists capitulate first. the contrarian economists are the ones saying we don't see a recession anymore and strategists have yet to catch up. unclear when that will change. one thing that is not helping sentiment this morning is the top story, again, the credit rated -- rating agencies out for blood. it was pitch last week on the u.s. deficit in late yesterday, it was moody's lowering credit rating on 10 different small and midsized u.s. banks. this is not the big lenders but basically citing real estate and other pressures in industry. again, it is having a market white impact. valerie: they cited various reasons why they chose to downgrade or reassess this 27 u.s. banks but they had a key theme through them. first, it was higher funding costs which we know have eroded off and ability. we saw that in the earnings. a lot of the regionals showed a net interest margin compression, meaning they are paying more for deposit. they are less profitable. higher funding costs top-of-the-line from moody's. the second is

we know that mellon at heart was an economist. he was a banker. he was a very successful businessman. and did you know, you've probably heard already times that he was the first the the first venture capitalist in the united states. and he had a way of making great visionary investments. right now, we sitting across the street from a beautiful that will go back to this evening the thomas jefferson building of the library of congress. but at the very same time that thomas jefferson building was being built, andrew mellon was paying out of his own to build the fantastic we now know as the u.s. national gallery of art. what's more, he donated his own collection of to create the basis of an even bigger collection. he knew that if it wasn't the mellon gallery, it was the national gallery that if he built it ten times larger than it needed to be for his own paintings, you know, supply would show up, people would donate the and they did. i mean, that shows the way the man was such a forward thinking, visionary. and of course, that art museum is a great g

you can pick your economist. _ eventually. you can pick your economist, your— eventually.orecaster i eventually. you can pick your| economist, your forecaster as eventually. you can pick your . economist, your forecaster as to eventually. you can pick your - economist, your forecaster as to how economist, yourforecaster as to how far rates might go, some suggest we might see incremental increases perhaps still november, december, that might be the end of it. but the other question alongside that for people with ice on mortgage rates and such like, how long does it stay at that rate for two that and such like, how long does it stay at that rate for two— at that rate for two that last point is difficult. _ at that rate for two that last point is difficult, there _ at that rate for two that last point is difficult, there could _ at that rate for two that last point is difficult, there could be - is difficult, there could be relatively good news, you ask two economist and you get five or six opinions and it is important to say this is not a science, this is a choice, economist

ali aghamohammadi from economists of the country and members of the expediency recognition council of mr. mohammadi, hello, good time, mr. agha mohammadi, hello, good time to you, good google , my connection with mr. mohammadi has been disconnected, colleagues are trying to reconnect , let's say one thing, now the soft news, a part of the program now i can say, for example, that with the specialists of the center parliament research is for a representative to be rich and influential , and we have a research center for such issues. it works as a research game, and what do you think about such issues? how much do you make ? i think that the gentlemen who don't have a research center because i respect my friends are already active in our own university and other than the research center of your representative in which the first one does not have the correct understanding of many issues, this will work and the comments in the fields that take place so wide that from we are mistaking the capacity of the foreign research center, the research institute, the number of responsibilities, in the

of economists were seeing a small hike. you can see it in the aussie dollar today. earlier in the session they were holding onto gains but now it is falling against the dollar. ozzie stocks are still extending their gains and on the front end of the yields. the yield of the lowest since early june. i'm going to turn out to china. they have been a swash of disappointing weak economic data. caixincaixin the manufacturing pmi data coming in missing estimates. it is in contractionary territory now. you have tumbling home sales last month and negative news. country garden is reconsidering equity sale. a lot of indications of how dire things are the property market right now and it is more blows to the china equity bulls. hong kong shares are paring earlier gains today as well. lizzy: thanks to bloomberg's tanie chen. i want to get to the rba decision. i am joined by valerie tytel and garfield reynolds. let's start with the because australia's central bank has kept his interest rate unchanged following the cooling of inflation pr

some economists are worried on a deeper level.he past few decades china's astonishing growth has been powered mainly by building. factories, roads, bridges, houses, you name it, china needed to industrialise and it did. but there comes a point where there is only so much you can build before it starts becoming a waste of money. you cannot grow the chinese economy by building more buildings. you cannot. it was necessary up to a point but now it is not anymore. demographics are not telling you to build more buildings. manufacturing has reached a peak. so if china is running out of road, literally and figuratively, what do you do now? you can encourage consumer spending like in western countries but china's communist party that seems wasteful not to mention individualistic. you can always relax regulations in finance or tech but again, that means giving up a lot of government power. maybe the chinese leadership is ok with the way things are. let's not forget that in spite of this crisis the rate of growth is still higher then pretty

economics and the opposite is possible, but at least with a university education, the number of economistserent assemblies is usually less than ten people , almost all the mohseni assemblies of this assembly do not have the total number of economists of all the assemblies of the period of the assembly, for example, a round number of 560 people. this is the case here, did we not neglect it? now, as i don't know where to put myself now, worse than the people, what currents and what people, that is, where we should have chosen to close the list, where we should have chosen , in the sense that i am a citizen, we did not pay attention to the fact that we in any case, majid sami, the economist, we need the parliament to talk about the country's current crises in the last 10 years, the economy was the country's first-class problem, at least without finding a solution , and you are here now as a representative of the political current, you are on the list that will be closed. how do you pay attention to this issue? but exactly when you look at the past, people are afraid of being nicknamed by the

someone who has apparently studied economics is also an economist. one of our criteria in closing the opportunity, is that we think, for example, in the parliament , there should be an economist, a doctor, an academic, a woman , a clergyman, a young person, an experienced person, but the equation is a lot of unknowns, really, in closing the documentary list in tehran or in the provinces we will try to establish a balance, of course, everything is not in our hands, that means sending a white page of canvas painting to the parliament, showing balance, and hello sir, draw whatever you like and if you draw well , you will find that you have drawn it, not like this . the choice of the pattern in the glass is very special they know the places, people use it and you don't care. is it me or not? people have influence. it is trusted by cities where people give themselves to 10 clans. it is not good. if this prejudice exists, it is not good , but it happens. i would say that the reason for this is toshan's high expertise , that is. i would like it to be the sa

what economists - £700, £800. it sounds extremely stressful. what economists are i stressful.o happen to combat inflation. the argument is, everyone hurts. this is argument is, everyone hurts. this is a short—term pain for long—term gain. do you agree with that? i a short—term pain for long—term gain. do you agree with that? hind gain. do you agree with that? i find it difficult to _ gain. do you agree with that? i find it difficult to agree _ gain. do you agree with that? i find it difficult to agree with, _ gain. do you agree with that? i find it difficult to agree with, in - gain. do you agree with that? if�*ic it difficult to agree with, in the sense that i'm not quite sure what the expectation is, like people in our situation or similar situations are supposed to do. i understand that there are quite rightly help funding for those on the lower wages, but those on the middle ground who don't have savings of those amounts, we both work long hours... i'm not sure. i understand the long—term plan, but in the short term, you're talking about people potentially losing their hom

escala's job was then the position of chief economist. i came to the enterprise.e practically did not work as the chief economist of the enterprise, it was in complete ruin. six months later. i was appointed head of a garment factory. when i was already appointed, i was very young. i was only 28 years old and no one believed that i was here about work for more than six months, it was said that whom you brought here for an appointment, what she will do there and i say, i will work. it's been working for 15 years now. we have decided for the military area for foreigners. that is , the work was different, what was found, then we worked with the arrival of an investor. we started sewing women's clothes. it is stylish designed for women from 25 to 45 years old mostly. at the beginning we had about 30 employees, today we have a division of 120 people. someone designs models. we have there is a design bureau. there are tailor stylists. there are designers, they develop collections. and we want models. mainly dresses, trousers, blouses, we sew in collections, at the momen

our dc's raquel martin explains why this is feuer than some economists expected. >> well, economists were expecting a slightly higher number. still, they argue this latest jobs report is a positive sign for the u.s. economy and the white house certainly agrees. vice president kamala harris as the u.s. economy is continuing to rebound after the pandemic in july, the country added another 187,000 new jobs. go ahead and plant. >> the biden administration says democrats investments are paying off the july report also shows unemployment dipped to 3.5% and average hourly wages rose again by 0.4% time nominee is working. but republicans disagreed just not working for working families. missouri republican senator eric schmitt calls bidenomics a disaster. you know, costing working families $10,000 more a year just to keep so wage growth has not kept up with inflation. that's what's hitting. people tied to grocery store. white house economist jared bernstein says republicans need to check their facts. look, inflation is down. 2 thirds off of its peak. >> got a lot of republicans walking around

well, we have been following this full-scale war with a group of economists since the beginning of this full-scale war sanctions, we gave proposals regarding sanctions, we constantly met with representatives there, international experts, with michael mcflull, co-chair of the international group on stations, constantly discussed which would be the most effective and from the fact that we we see well, in fact, the best and the most losses are inflicted on the enemy in the sanctions related to the oil and gas sector, in fact , energy and everything related to it , the sanctions that were imposed on the financial sector, the shutdown of swift banks, well, that's just at that time it seemed that these were the most severe sanctions in general, what can be done to give russia a break from words, but compared to the sanctions that began to be imposed later, those sanctions already look so moderate well, yes, the banks there began to conduct transactions a little longer yes, 80% , if brothers on the total volume of the banking sector is disconnected from swift, but they work through small banks

this is slightly larger than economist expected but it is still narrowing.t and surplus coming in at 2.345 trillion yen. a lot to do with the trade surplus which has widened. now we have a trade surplus of 1.5 09 trillion yen. a lot to do with the exchange rate and taking into account external demand. we have more to come. this is bloomberg. ♪ haidi: korean stocks are related to superconductors and jumping by the daily limit. semiconductors are not just type. >> it could be the breakthrough we need for quantum computing from a commercialization expected with high-speed trains, it could change so many things. we lose so much heat and data centers. haidi: let's bring in our asia stocks reporter. forgive me for that exuberance. let's talk about semiconductors. are they related to breakthroughs and how the jetta meant is this? >> >> good morning. the south korean stock market has been captivated. we have seen several stocks rallying. even at the exchange warnings that these are abnormal, and many have flimsy links to the superconductor breakthrough material, eve

you said you were a senior economist.'m exaggerating rather than specifying are you a senior economist or unemployed. or maybe you 're in the underground business all right i'm really an economist workbook. and now i'm unemployed, my friends and i united, we drink underground so that we don't have to pay taxes. so you are absolutely right. i 'm in the underground business. thank you, really, we're only making ends meet for now, but you know, judging by, because it's not so bad on your desk and make it. has borrowed has bought all after all the actor, has arrived has got used to a beautiful life. and you have not seen for so many years. i meet at an empty table. well , it's like not in russian. and when did we see each other? didn't see each other. we haven't seen it anywhere. i didn't see you. i don't know, i don't want to know. dream, so i did not understand in which city we met? in odessa you can't refute that? did you perform in odessa 11 years ago? in august i feel like i know you. well, at least i saw it. okay, thank

charles: i want to bring in another really great economist.rned us that higher yields on japanese bonds could cost the united states a trillion dollars. heritage economist, peter saint on. peter, here is the thing. your eyes glaze over, when you talk about bond yields, jop sneeze japanese yields i have avoid it like going to the doctor. we talked about this cap, releasing this cap. the thinking it went up a lot, that the markets, people, japanese would stop buying our bonds. by the way they're the biggest holders of our bonds far more than china. >> yep. charles: they loosened the caps like letting a rodeo bull out of chute. they rocketed higher. walk us through how this will ultimately impact our economy. >> that is a great comparison, charles. you know japan has spent 10 years doing what is called yield curve control as part of their zero interest rate policy and they were trying to artificially simulate the economy with basically free money without killing the banks and pensions. they were trying to con tour the curve. they are now giving u

economist at our place. of coach is one of the worst performers in the s&p 500 today after planning to buy the parent company of michael kors. this is bloomberg. ♪ how can you sleep on such a firm setting? gab, mine is almost the same as yours. almost is just another word for not as good as mine. save 50% on the sleep number limited edition smart bed. plus, 36 month financing on select smart beds. shop now only at sleep number. and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com matt: welcome back. the s&p index dips down into the red and treasury yields spike after the 30 year auction that we just saw at the top of our. right now, the s&p is little changed. yields climbing across the curve. the 10 year over 4%. 30 year over 4%. it has come up since then and it traded lower before the auction as well. we are seeing the movement ri

this handsome mohammad , as an economist, needs to elect expert elite representatives and, of course, with a healthy mind in the administration of the country . that we did not vote for the representative to verify mehrad's ability. the criteria are simpler. anyone who has the experience of representing the parliament believes that the parliament should be transformed from a dedicated institution to a specialized institution. representatives who are familiar with basic concepts such as growth rate. economic it is very general, he does not have a correct understanding of the scientific concept. i remember that the rate of growth and simple development of the country's economy may seem elementary, but as an economist, one of the members of the parliament , he believes that the presence of elites in the parliament improves the status of this power. to adjust, they were revolutionary characteristics, they were relatively young, and in addition to this, in the field of his own studies and research, and the experience of mesbahi moghadam, the presence of elites and specialists in the house

economists say the ecb will deliver one final increase in interest rates next month. according to bloomberg school and it says the deposit rate will be lifted to 4% in september. at the same time, respondents reckon officials will start cutting borrowing costs next march, a month earlier than they previously thought. now, pimco founder and former cio, bill gross, said stock and bond markets are both overvalued and bullish investors have got it wrong. he spoke to bloomberg about his outlook for markets and inflation. bill: i think there is a case for 3% inflation going our plus or minus. i think if we got to that point, then the fed would again to consider stopping and maybe even lowering rates over the next year or so but i do think the 10 year, you know, it's probably overvalued and has been overvalued for a long time in terms of a lower yield and too high of a price. you know, if said funds actually came down to 2.543% the 10 year term premium that is the spread between 10 years and fed funds has been 135 basis waits over a long period of time so if you had 135 basi

china will be releasing its latest inflation figures in the next hour and economists think prices mayices may have continued to fall injuly after being flat injune. unlike the rest of the world, china is experiencing a rare episode of sliding prices. earlier, eyes spoke to the former achieve at the international monetary fund's china division who gave me staying on this.— staying on this. consumer demand — staying on this. consumer demand has _ staying on this. consumer demand has been - staying on this. consumer demand has been very - staying on this. consumer l demand has been very weak staying on this. consumer - demand has been very weak and consumer prices have been flat, they are likely to show in the most recent data that we are in deflationary territory full producer prices, the prices producers leave —— people raw goods, intermediary goods, they have been squeezing industrial profits and if they are not in deficient territory already i think we will see official confirmation shortly. another asian economy _ confirmation shortly. another asian economy that - confirmation short

president with scholars and economists, by interpreting the balances and different economic trends to science and knowledge and experts in this field, have different views with a group of so-called economists. which is attributed to the state economy of economists who believe in free economy and private economy constantly hold meetings with mr. president at different hours and talk to each other and use their knowledge in making decisions . it has been a week now that the communication with the president on thursday has been witnessed by some industrialists, the industrialists whose industrial complex , the large complex of badaha, thousands of workers and economically active workers, have had problems. and the necessary orders in the same second meeting surahs that are invited to the meeting to the vice president's office. meetings that are held with other elite groups, culturalists, artists of my service, university professors, teachers, bazaarians, and various groups . face-to- face meetings are also held. in other cases, our phone line, our communication system , and correspondenc

head of asia economics and chief china economist at ubs.ro stuff, we're looking at earnings this week. plenty to look ahead to, we have alibaba, tencent and jd last week. this week it is baidu, made on and child me -- meituan and xaomi reporting. alibaba and tencent were strong, but jd is when we saw a mess. we're not clear on the narrative in the text sector, or if this is a comeback order for these companies. we finally got confirmation of when banks will start reporting. the next few days or so, we will get the likes of china life, china citic bank and throughout the week, bank, icbc and the big four. rish: policy earnings, we got them -- aussie earnings as well, we got the likes of bhp, santos, and qantas out on thursday. busy for corporate australia. less busy, woodside, a strike on their hands. workers will be walking off the job next month if they cannot reach an agreement by wednesday. david leads our asia energy coverage, we're talking about australia, the second-biggest lng exporter in the world. this could really impact that beca

a well-known swedish economist . he recalls that when he first came to kyiv back in the 90s, he was unpleasantly surprised by the lack of knowledge in the economy among the people who were responsible for the reforms. in it, who were responsible for reforms in those economies? well, actually, they were about everyone, because there was, for example , viktor pynzenyk, but there were not many of them and they did not have this power, or mr. so and that he also had a similar impression, i know that you consulted the ukrainian government under kuchma, there was no permanent cooperation after 2014, after a certain time, for various reasons , including political ones, economic reforms began, and we can say that it was just a case, it should not have happened, but for some reason it happened in such a hobby as a young man in the 80s i created a team of other young reformers who worked on the most important problems of economic growth and stability without hope that it would be implemented ever, but it turned out that we wer

it needs economists. it needs politicians . it needs people who are knowledgeable about the world situation . there must be commitment to islam and agreement with the islamic republic. it would be better for the work of the people, the work of the country, from military affairs, agriculture, economy, and everything else to be informed , then those in this commission should be aware of the people in the world. he wants to enter iran to rule in front of the world and this was the echo of his voice, to be the first rank of real muslims in the streets and streets, and because in today's world, it is necessary that we have a muslim who has expertise in everything , i must know the people closely, i must be a spiritual ray, the issues of the clergy want to go. he must be related to expertise, believe in this law and be a muslim, be an expert person who can solve people's problems, know the politics of the country, our current situation in relation to the war without a representative, he must be an expert, be committed, be committed t

this handsome mohammad, as an economist, needs to elect representatives of the elite experts and, of course, with the role of mental health in the administration of the country first of all, it goes back to the parliament that could have reformed it, it goes back to the months we voted, that is, you who did not qualify us as a representative , mehrad has the simplest criteria , he has the experience of representing the parliament, he believes that the parliament should change from a dedicated institution to an the representatives who are familiar with the basic concepts in the parliament should become specialized. concepts such as the economic growth rate , which is very general, the correct understanding of the concept of a person may grow and become easier . the members of parliament are also on this is the belief that the presence of the elites in the parliament improves the position of the power . they made their own list based on the high indicators of the regulator . they were relatively young. we had people who were human in the field of economics and who were above the elites

no economist believes this not even i read a lot of left wing economists and keynesians. none of them. there's just no scholarly economic that has this idea. everyone, the great depression came the policy mistakes of the 1930s we debate which are the important ones, but. but everyone agrees it's from the past mistakes. the 1930s are raising. maybe raising marginal tax rates. the 63%, maybe the fed clamping down on the money supply, maybe allowing the banks to fail. that was ben bernanke's idea. the problems with the gold standard, maybe it was the national recovery act as is emily's. it says maybe the the the contradiction of capital ism the contradiction of trying to raise prices relative to wages in industrial monopolies and trying to raise wages relative to prices by unions and. raising one relative to the other will make them both go up again that completely. it completely makes no sense. so at were the the political war on capital? well, this is what we debate, but nobody there is no economic that says that somehow automatic the boom of the twenties had to lead and t