joining from us london is jim o'nei o'neill, chairman of goldman sachs asset management. have a great perch, jim. last week when we were reading all the commentary of the day after draghi, d.a.d., day after draghi, ft, i don't know if you saw this, their piece it was a "bold move." as you were listening, did it seem like he was dancing around the issue or did he deliver on his promise from the previous week? was there some real meat there? >> well, obviously they didn't announce any specific steps last thursday so there wasn't real meat in that context, but he certainly followed it up with some further very strong indications of the sorts of things the ecb is considering, and what i find so fascinating about it all is the markets trying to sell off obviously that day, and friday we came roaring back, probably helped a lit by the u.s. payrolls but a bit of a shift in psychology for famous last words but from my experience, when you have markets managing to rally despite supposedly disappointments by policymakers, you know, that's usually a better sign, and i think it's beca

you were out that said they need to act more quickly to push the euro down, but then we talked to jim o'neillip side of that is it creates much bigger problems with the yuan in china and they've allowed the yuan to start rising again. that's putting pressure on the united states. >> i don't think it would be a simple step down to parity. if you try to do it quickly, you're going to have questions, whether china and even the u.s. can tell rate that. look where our growth is and can we tolerate our lack of competitiveness if we go to parity. i think the world is going to -- we think there is a lot of value in the structure products. you've had housing imapproval, no commercial real estate built in the last three, four years. you have relatively attractive underwriting standards, you have a market that's shrinking. i think there is a lot of value there. and honestly we're short france. we really think france has a lot of great optionality at a little over 2% on the ten year. we're not really sure how europe solves a problem. france's banking system is huge. it's got a lot of -- it's got the larg

bush and on monday, goldman's rock stock, jim o'neill will be our special guest. >>> "squawk box" wantsndrew ross sorkin. go to google plus and add us to your circles. each day we'll solicit your questions, ask ben about his books or andrew about the show. if we pick your question you'll get an invite to hang out on august 15th with ben and andrew starting right after "squawk box." you can also submit your questions via twitter t to @squawkcnbc, #squawkhangout. it's your chance to talk live to "squawk" and one of the most interesting authors of our time, so come, hang out with us. stay connected with "squawk box" on google plus, and on twitter. >>> welcome back to "squawk box." the economy adding 163,000 jobs last month, more than expected. joining us is former council of economics adviser chairman under president bush and hoover institution fellow ed lazear. good to see you, ed. >> good to see you. >> hopefully you've been watching, mark makes the point that if you go long-term and just do the math that there's fits and starts and there's a mean here and here is where we are up and dow

is that the problem solvers are not here, the o'neills, whitens, and they speak broadly about republicans, but back to the comments about gingrich and jim wright business. comment on that as a trend over the period you served. >> well, i think that's true. how can a leader be elected leader if he's perceived as being conciliatory. john boehner goes through that every day. i'm not saying, but he is committed to bringing back more openness in the house, but whether deals can be done in conference, whether members have the time and the inclination to talk at the committee levels, but even committees where there is an open process. i mean, the committees follow the 5-minute rule. they can't just impose a gag order on amendments unless there's a drastic motion for the previous question, but no, i would say it's definitely harder for members to have that stature and get legislated. now, that's not to say those who are elected can't do it, but they are obviously responsible to the caucuses, but clearly folks have different traditions. boehner remembers when he started, there was still a sense of openness, a modified closed rules didn't really

o'neills and those guys, and that's probably a victim. and they speak broadly about republicans, but let's go back to your comment about gingrich and the whole jim wright business. would you just comment on that sort of as a trend over the period you served? >> well, i think that's true. how can a leader be an elected leader if he's conceived as being conciliatory? john boehner goes through that every day. i'm not saying that he's not. i think he certainly tries in a number of respects. he was and is definitely considered to be bringing back more openness in the house. but whether deals can be done in conference, whether members have the time and the inclination to even talk to each other maybe at the committee levels, but even committees where there is an open process, i mean, the committees do follow the five-minute rule. they can't just impose a gag order on amendments unless there's a drastic motion for the previous question. but, no, i would say that it's definitely harder for members to have that stature and get elected. now, that's not to say that those who are elected can't do it. they're obviously responsible to their caucuses. but clea