he is a professor of econometrics as well as the president of the foundation for international economic research and. roles in effect i mean you can jump in anytime you want and i always appreciate what you're going to annan in new york as i said in my introduction and it appears that the pandemic is receding and globally although individual countries still have some serious issues but now is coming in the next phase of this crisis and figuring out the damage that has been incurred and how to move forward and you know in preparing for this program there are all wild estimations out there you know the elbe the you all of that. there seems to be no consensus so there seems to be it seems to be politically driven depending on how much you. that 11 letter 3 here what is your thinking here because the terrain is changed a lot and even if when things start opening up a lot of people are very hesitant to spend because no one knows what the recovery is going to look like it's going to be a self-referential issue for him yes i think there's also no agreement as to what indicators are going to look at. in

there is he is a professor of econometrics as well as the president of the foundation for international economic research and. process rules in effect i mean he can jump in anytime you want and i always appreciate what you're going to annan in new york as i said in my introduction and it appears that the pandemic is receding and globally though individual countries still have some serious issues but now is coming in the next phase of this crisis and figuring out the damage that has been incurred and how to move forward and you know in preparing for this program there are all wild estimations out there you know the l. the you all of that. there seems to be no consensus though there seems to be it seems to be politically driven depending on how much you.

government in tripoli the use of is a is an internet international security and political analysts for such a foundation for political economic and social research and he explains where the have to is likely to attack your sites. they do say so but. lang you make an analysis a civilian and we shouldn't take him serious because miss mari the spokesperson of the after hours army is making a lot of funny explanations savor the but from the point of perspective of a minute around a list you should took them if you take them serious for this reason the 30 history of foreign affairs takes the issue as a serious or warning him that it will have reckoned 2nd source if your targets the search for solutions and interest in sight is very valid known that turkey has also air defense systems which is. protecting its positions interests and especially the cities like tripoli for this reason if. 'd 'd after forces try to use the aircrafts in order to bomb being to the turkish interests and to cause issues probably turkish side will not stop back and use the air defense systems not only from the libyan soil but the same time from the mediterranean which turkey

of international wealth management and global head of economic research at credit suisse joins us nowgreat to speak to you. really interesting to talk to -- talk about the super trends in. we wanted to start with reaction about what we've heard in ajc and ecbt the responding. other questions thrown up by this ruling today? >> generally speaking on the german side, there has always been respect for quantitative easing is a monetary policy. even before coming to the questions pertaining to independence of monetary policy, there is suspicion around this particular tool, the andortionality of it keeping it in some way under control. matt: how concerning is this ruling? you ran -- you started out as a swiss income. you are obviously familiar with this market. if german courts are ruling the ecb reached too far with its q. week, that was limited. that was capped at 33% of issuance. what they are doing with the program right now is much more a bazooka, much more unlimited. is this a worry for the fixed income market? >> i think in the short term, it seems the ecb is absolutely clear for the

strategy it is also been welcomed on the international financial markets because we've seen global stocks. as a professional research fellow at the london school of economics know he thinks a successful finance would ease some of the political tensions in the e.u. over the pandemic. there's been vacillation going on for several weeks now european level about trying to agree on a recovery fund of some description and so far all that's been done by the european level is to create new loan instruments where this new fund differs if it goes ahead as france and germany propose is that it will give direct grants to regions and sectors which are in difficulty and that is game changing because it means that there's the possibility of a region of italy or a region of spain or an industry receiving actual cash and not having to repay it to a neighbor to recover from the co it 19 locked up. it's not yet it done deep in it will face several obstacles because broadly speaking northern europe has been against such a fund and southern europe has been for it france sits on the borderline between north and south germany traditionally has been very reluctant to engage in th

government in tripoli well you serve about there is an international security and political analyst for such a foundation for political economic and social research and he explains where after is likely to attack or sites they do say so but. lang you make an analysis a civilian and we shouldn't take him serious because miss mari the spokesperson of the after hours army is making a lot of funny explanations they were the but from the point of perspective of a military analyst you should talk to them if you take them serious for this reason the 30 ish mystery of foreign affairs takes the issue as a serious or warning him that it will have real consequences if you targets the search for solutions and interest in site is very well known that turkey has also air defense systems which is. protecting its positions interests and especially the cities like tripoli for this reason if. 'd after forces try to use the aircrafts in order to bomb being to the turkish interests and to cause issues probably turkish side will not stop back and use the air defense systems not only from the libyan soil but the same time from the mediterranean which turkey has 2 ship

you so much neither she runs a research out there caprice of a program in south africa thanks for joining us. now the international monetary fund is worried about an economic collapse in brazil the country went through a major recession in 2016 and has just begun sable ice the current coffin $1000.00 pandemic is threatening a full recovery. from up here it all looks peaceful the statue of christ the redeemer overlooking the copacabana. but just downstairs father omar has to conduct mass as a life stream as no visitors are allowed in his chapel the beaches are empty to the city of rio de janeiro under lockdown with tens of thousands infected with corona virus and $600.00 dying every day and yet the government wants to shut down to end warning of an economic collapse. are geared toward it though this idea that the economy is less important because life is 1st is not true i have always said that both of them have to be treated responsibly. the i.m.f. too has warned of an economic collapse for a country only 4 years out of recession brazil's economic minister is worried. although we are protected the population and everyone has the resources what is the use of

in tripoli now let's bring in use of who's an international security and political analyst for sets a foundation for political economic and social research joins us from ankara on skype and mr about i welcome to the program and there's a lot of big talk here isn't there do you think after will attack turkish sites. they do say so but. when you make an analysis as a civilian we should look taking serious because miss mari the sport force not the after so army is making get out the funny explanations they were they but from the point of perspective what we need to reanalyze this should talk down if you should take them serious for this is them. take the issue serious saw warmest. if it targets that there was action sent interest in sight and if have to is planes should target positions how well prepared is turkey on the ground to respond. yeah it is very well known that turkey has also air defense systems which is. protecting its a position of interest and special of the cities like tripoli for this reason if. 'd 'd their forces try to use the aircrafts in order to get bomb being to the turkish interests and so the position is probably tur

of her green is an international call a misnomer of research at ad marco he says it's too early to say whether there's any sort of economic recovery in china right now. i think we can tax the chinese export numbers when they have to pinch of salt i think it's very much down to the fact that china was largely shopped for fabric and now up so you have as we said a chance but what we're saying sorry clear we just look at all the status from across the world look at germany for food is there a sense that going forward. expect to see chinese that's for fall again so i don't so not only that when we look at the actual level of consumer activity in china this so far far below what it was previous but the recession itself when you go surprisingly the economy sort of gone off a cliff and it seems to be stabilizing at very low levels now and we start well as lockdowns these we should say demand rice slowly the other side of things is as far as the virus concerns everyone is taking tiptoeing basically into. getting back to activity but we know from the whole social distance saying and the behaviors going forward that people talk abo

and death and illness and misery and economic ruin and the world health organization and others are exchanging information and research, and there are international examples to draw from and all sorts of experts with different views on this chewing through these difficult questions, we are being led by the guy who wants a magic pill to solve all our problems. for more on the coronavirus conversation that's happening without the united states, i'm joined by senator chris murphy, democrat of connecticut. this is the thing, senator, that i'm most worried about is that in some ways we have made a lot of progress, insofar as, if you look at the trends nationally, we're not climbing up some huge epidemic curve. there's some worrying signs in certain places. but it just seems we're sort as unprepared for whatever comes now with the exception of increased testing capacity as we were two months ago. >> yeah, and the danger here as we reopen is that you risk throwing lambs to the wolves because we have made this progress by social distancing, by essentially keeping ourselves away from situations in which we could get infected. now as we all re-emerge from

analysts expected partridge peregrine is an international economist and head of research and market these are is it's too early to say whether there's any sort of economic recovery in china right now. i think we can tax the chinese export numbers where they have to pinch of salt i think it's very much down to the fact that china was largely shop for 3rd brand and now so you have as we said a chance but what we're saying is very clear we just look at all the status from across the world look at germany into soldiers in. the sense that going forward. see china is that for fall again so i also not only that when we look at the actual level of consumer activity in china this so far far below what it was previous but the recession itself when you go surprisingly the economy sort of gone off a cliff and it seems to be stabilizing at very low levels now and we start as lockdowns these we should say demand rise slowly the other side of things is as far as the virus concerns everyone is taking tiptoeing basically into. getting back to activity but we know from the whole social distance saying and the behaviors going forward that people talk about a new normal we

economic research and leading authority of organizational and strategic change for more than 30 years. the business and economic correspondent for the pbs news hour for that grand strategy at international security studies department at yale university. so tonight they are discussing rebecca's new book capitalism in the world on fire. considering everything happening around us more than ever based on the strenuous researching copious experience it shows how what they can do to fix it. the convincing arguments passion is a clarion call to action for business leaders and interested leaders everywhere so i will let the authors tell us more. thank you so much for joining us tonight. >>. >> this is my advanced reading copy. i get a lot of books in the mail and this is what i actually read and then i said this is something to be taken seriously. so let's start with you making that convincing argument. >> thank you for joining me on this program and thank you to everyone who dialed then i was hoping when we launch the book to have an in person and event now that seems like a distant paradise hopefully everyone on the call has had something to drink thank you for joining me tonight so the summa