michael: lowflation. priya: lowflation. nick: ditto, lowflation. if greenspan was a trader, would you take the other side? michael: yes. priya: i would. nick: absolutely. jonathan: would you buy the 2023 iraq bond or the hope note of a similar maturity? michael: well, maybe the iraq bond. priya: the iraq bond. nick: wow, that's a tough one. i would probably stick with the u.s.. jonathan: going to leave it there. andael collins, priya, nick, from new york to our viewers worldwide, you are watching "bloomberg real yield." ♪ vonnie: this 12:30 p.m. in new york and 5:30 p.m. in london and 12:30 a.m. in hong kong. i am vonnie quinn. welcome to "bloomberg markets." ♪ vonnie: from bloomberg world headquarters in new york, here are the top stories on the bloomberg and around the world that we are following. the dollar is reversing course, strengthening today. andsuries are falling results are mixed after stronger than higher results in july. what's pushing equity investors to rewrite trading theories. bill gross gives his reaction to jobs data. he thinks w

priya: lowflation. nick: ditto, lowflation. nick: ditto, lowflation.f greenspan was a trader, would you take the other side? michael: yes. priya: i would. nick: absolutely. jonathan: would you buy the 2023 iraq bond or the hertz note of a similar maturity? michael: well, maybe the iraq bond. priya: the iraq bond. nick: wow, that's a tough one. i would probably stick with the u.s. and go with hertz. jonathan: going to leave it there. michael collins, priya misra, and nick maroutsos. from new york to our viewers worldwide, you are watching "bloomberg real yield." ♪ ♪ david: what propelled you to want to join this company? brian: i just always wanted to work for my dad. david: did he say you could start at the bottom and work your way up, or did he say you could start at number two? brian: that is maybe what i wanted to happen. david: did anybody say is he ready to be president? brian: everybody, including myself. david: have you ever had problems with your cable? brian: sure. david: is it intimidating for the cable repairman to come to your house? >> wou

priya: lowflation. nick: ditto, lowflation. if greenspan was a trader, would you take the other side? michael: yes. priya: i would. nick: absolutely. jonathan: would you buy the 2023 iraq bond or the hertz note of a similar maturity? michael: well, maybe the iraq bond. priya: the iraq bond. nick: wow, that's a tough one. i would probably stick with the u.s. and go with hertz. jonathan: going to leave it there. michael collins, priya misra, and nick maroutsos. from new york to our viewers worldwide, you are watching "bloomberg real yield." ♪ we check our phones 85 times a day. so it only made sense to create a network that keeps up. introducing xfinity mobile. it combines america's largest, most reliable 4g lte with the most wifi hotspots nationwide. saving you money wherever you check your phone. yeah, even there. see how much you can save when you choose by the gig or unlimited. call, or go to xfinitymobile.com. xfinity mobile. it's a new kind of network designed to save you money. ? emily: it has been nearly six years since t

priya: lowflation. nick: ditto, lowflation.f greenspan was a trader, would you take the other side? michael: yes. priya: i would. nick: absolutely. jonathan: would you buy the 2023 iraq bond or the hertz note of a similar maturity? michael: well, maybe the iraq bond. priya: the iraq bond. nick: wow, that's a tough one. i would probably stick with the u.s. and go with hertz. jonathan: going to leave it there. michael collins, priya misra, and nick maroutsos. from new york to our viewers worldwide, you are watching "bloomberg real yield." ♪ ♪ emily: coming up on bloomberg best, the stories that shaped the week in business around the world. another cast change rocks the trump west wing. apple stores are seeing bright times ahead, the barrels of oil keeps rates low, and a stronger job report. >> the u.s. has a strong economic report but i do not think it moves markets much. alix: the dow breaks through 22,000, so, where are stocks going from here? >> dow 30,

michael: lowflation. priya: lowflation. nick: ditto, lowflation.f greenspan was a trader, would you take the other side? michael: yes. priya: i would. nick: absolutely. jonathan: would you buy the 2023 iraq bond or the hertz note of a similar maturity? michael: well, maybe the iraq bond. priya: the iraq bond. nick: wow, that's a tough one. i would probably stick with the u.s. and go with hetz. -- and go with hertz. jonathan: going to leave it there. michael collins, priya, and nick, from new york to our viewers worldwide, you are watching "bloomberg real yield." ♪ who knew that phones would start doing everything? entertaining us, getting us back on track and finding us dates. phones really have changed. so why hasn't the way we pay for them? introducing xfinity mobile. you only pay for data and can easily switch between pay per gig and unlimited. no one else lets you do that. see how much you can save when you choose by the gig or unlimited. call or go to xfinitymobile.com. xfinity mobile. it's a new kind of network, designed to save you money. fr

a piece was written this morning about the persistent problem of lowflation.istory from 1749 on, if you divide the between wartime and peacetime and what you find in wartime the wholesale prizes wore 8.2% and if peacetime declined half a percent per year. why is that? in wartime you have government spending, very heavy spending on top of a fully employed economy and more demand than supply, prices go up. in peacetime you tend to have enough productivity you have deflation. if we're at peacetime and we have skirmishes but i think we generally can say we're at peacetime and you can expect deflation. these people have grown up aen in inflationary era and think that's the way god made the world but it isn't, it's quite the hops. and the other question is why do they want inflation anyway? you know, they all have 2% inflation target. david: let's talk about it, more than one and less than three. gary: i never heard a journalist say why do you have 2 worse, draghi or yellen or anybody else. i think it's because they fear deflation. they want a cushion. but they all

i think that is what the lowflation grants them.t is not going to stop a really slow normalization of rates. it is going to mean at any meeting you have the option. you have the option of saying let's not make things on beer the need to the while we start introducing the balance sheet reduction program. let's just pause for a bit and see how that goes. david: as you say, give someone an excuse if they don't want to raise rates. what if it is the reverse? what if they want to raise rates for a whole bunch of reasons? would they be weak enough to prevent them from raising? kit: they don't have to be. i'm going to flip it around and say, what it stop the european central bank from normalizing rates if there was a debate that said rates are too low and we should be getting them low we don't like them down here? you might see that happen. you might see a different dialogue despite the inflation tha data. for the fed, it creates a consensus in favor of getting rates up any faster than the have been going. that's probably the right way to