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Aug 22, 2018
08/18
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u.s. centric factors. by running the u.s.nomy hot, which has been the unashamed strategy of minutia and trump -- trump, they have an automatic stabilizer in the world in that the rest of the world economy, not running at that same kind of heat. .ct as a bit of a break this part of the cycle, we start to lose control. the fed starts to chase the unemployment rate lower. it can run the hot domestic economy if the world economy can soak up that excess demand. the risk for u.s. centric investors as you get a policy reaction, external to the u.s. and here, we have to come back to the thing we haven't mentioned thus far, which is the trade narrative. that is very material in terms of whether the u.s. strategy can find friends or develop enemies. that is the big risk factor for 2019. matt: let me get back to kathleen on that, then, on the trade issue. confidenttrump so that he is making the right moves with protectionist policies, with tariffs because the u.s. is such a closed economy and the u.s. is able to whether that thing -- we
u.s. centric factors. by running the u.s.nomy hot, which has been the unashamed strategy of minutia and trump -- trump, they have an automatic stabilizer in the world in that the rest of the world economy, not running at that same kind of heat. .ct as a bit of a break this part of the cycle, we start to lose control. the fed starts to chase the unemployment rate lower. it can run the hot domestic economy if the world economy can soak up that excess demand. the risk for u.s. centric investors as...
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Aug 17, 2018
08/18
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BLOOMBERG
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u.s. centric, there is plenty. jon: does that make sense to you? >> it does.ut it comes back to the basics. and less we see some form of inflation, yield and not going to go up a whole lot. in the world is the 10-year because of all the other reasons we have given it down 10 basis points. the spread to u.s. treasuries, i think they are the we had ance early 2016 real concern in china and emerging markets. does that differential between emerging markets and the united states added up to you? >> i have to go back to the strength of the dollar. why are treasuries more attractive today than they were three months ago -- because the dollar is stronger. not because there is a weakness thehe economy or there is flipside of this, emerging markets are weakening because of the strength of the dollar. what you are lending is costing you more. the benefits for the spread differential favors the treasury. jon: the strength of the u.s. dollar and what happens with it? >> the funding conditions around it takes it one step deeper. what the fed is doing with their balance shee
u.s. centric, there is plenty. jon: does that make sense to you? >> it does.ut it comes back to the basics. and less we see some form of inflation, yield and not going to go up a whole lot. in the world is the 10-year because of all the other reasons we have given it down 10 basis points. the spread to u.s. treasuries, i think they are the we had ance early 2016 real concern in china and emerging markets. does that differential between emerging markets and the united states added up to...
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Aug 19, 2018
08/18
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BLOOMBERG
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u.s. centric i think there is plenty there already. >> it makes sense. i think it comes back to the very basic, unless we see the weaker dollar, unless we see some form of an asian, most likely wage inflation, it is not going to go up a whole. the worst short in the world is the tenure for all the other reasons that we have driven yield back down to the 20 basis points. >> let's look at the spread. the treasuries. versus the and right now. spread to u.s. treasuries have been wider since 2016 where we had a real concern in china. emerging markets. does that differential. add up to you? back to the strength of the dollar. as creating this differential. why are treasuries more attractive today than they were three months ago? the dollar is stronger. that is there is elitist in the economy. been a flipside. emerging markets are weaker because of the strength of the dollar. those dollar-denominated assets is cautioning you more. the benefit for the spread differential favors the treasuries more than all year long. >> it is an important variable right now. >>
u.s. centric i think there is plenty there already. >> it makes sense. i think it comes back to the very basic, unless we see the weaker dollar, unless we see some form of an asian, most likely wage inflation, it is not going to go up a whole. the worst short in the world is the tenure for all the other reasons that we have driven yield back down to the 20 basis points. >> let's look at the spread. the treasuries. versus the and right now. spread to u.s. treasuries have been wider...
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Aug 17, 2018
08/18
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BLOOMBERG
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u.s. centric, there is plenty to do there already. jonathan: does that make sense to you? >> it does.ut it comes back to the basics. unless we see a weaker dollar, unless we see some form of inflation, yields are not going to go up a whole lot. probably the worse short in the world is the 10-year because of all the other reasons we have driven yields down to 10 basis points. jonathan: the spread to u.s. treasuries, i think they are the widest since early 2016 we had a real concern in china and emerging markets. does that differential between emerging markets and the united states add up to you? >> again i have to go back to , the strength of the dollar. it is creating this differential. why are treasuries more attractive today than they were three months ago? because the dollar is stronger. not because there is a weakness in the economy or there is the flipside of this, emerging markets are weakening because of the strength of the dollar. those of dollar denominated assets in which you are lending is costing you more. the benefit for the spread differential favors treasury more than i
u.s. centric, there is plenty to do there already. jonathan: does that make sense to you? >> it does.ut it comes back to the basics. unless we see a weaker dollar, unless we see some form of inflation, yields are not going to go up a whole lot. probably the worse short in the world is the 10-year because of all the other reasons we have driven yields down to 10 basis points. jonathan: the spread to u.s. treasuries, i think they are the widest since early 2016 we had a real concern in...
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Aug 25, 2018
08/18
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CSPAN
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u.s. centric, silicon valley. robots, we're pretty good at it, but germany comparably good. japan is a true leader. begun to testady a commercial health care robot, which will solve a problem that very serious in health care. if people are injured or they're older, they have to be picked up and moved. people do that. it takes two people, which is a very unproductive way to use nursing talent, to pick up a more, to do ites carefully. it's clearly far more productive was compliantt and had just one task, that could help the nurse or doctor, you you or me up and move from journey to bed. they're starting to be now.rcialized it's a very narrow purpose robot, not general purpose. doesn't replace nurses. it helps you -- it reduces health care cost because the nurse is doing other things which is more valuable than brute force. >> industrial robots, probably robotsion more service are coming to mind. >> the second most common robot the roboolume today is lawn mower, becoming popular men.y among ha! not surprisingly. and maybe you could be sexist, i that it's popular among women. an
u.s. centric, silicon valley. robots, we're pretty good at it, but germany comparably good. japan is a true leader. begun to testady a commercial health care robot, which will solve a problem that very serious in health care. if people are injured or they're older, they have to be picked up and moved. people do that. it takes two people, which is a very unproductive way to use nursing talent, to pick up a more, to do ites carefully. it's clearly far more productive was compliantt and had just...
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u.s. centric. russia from the e.u. that criticism of the iranian sanctions but nobody gives them over russia so i can wrap up this point here alex to me but again we are in broad agreement here doesn't it just end up being empty rhetoric i mean it is just as egg on his face because you can say one thing they can talk about developing a european wide us with system but if they don't do it if they don't and that's why but if they don't do it where's the credibility where's the credibility alex. doesn't have much credibility at this point and i think when e.u. leaders are talking about moving away from the u.s. i think you're exactly right but i don't think there's much to it and i think even an even more important point is that inside the e.u. they can't reach much consensus so while you can have a motto on it or merkel saying one thing you have other countries that are opposed to north stream are opposed to france and germany as policies within the e.u. and that also stretches to migration and other issues so the e.u. j
u.s. centric. russia from the e.u. that criticism of the iranian sanctions but nobody gives them over russia so i can wrap up this point here alex to me but again we are in broad agreement here doesn't it just end up being empty rhetoric i mean it is just as egg on his face because you can say one thing they can talk about developing a european wide us with system but if they don't do it if they don't and that's why but if they don't do it where's the credibility where's the credibility alex....
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Aug 22, 2018
08/18
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CNBC
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u.s. centric -- u.s. economic environment. economic growth has been accelerating in the u.s.back of tax cuts, deregulation the outlook for earnings is good it's less exposed to some of the tariff issues and the economic mixed results and slowdown overseas >> with so much attention focused by investors and by members of the media on the f.a.n.g. stocks, a few other big cap tech stocks does it make it easier or more difficult to find these underloved names that you're successfully finding? we have a rigorous process geared towards finding stocks with the correct fundamentals. we're looking for stocks that are going through rapid change, that are going through growth inflections, that have a high likelihood of success in terms of beating estimates, taking market share in strong industries we are finding a broad number of ideas. >> you look at some of these names. tactile, a top holding for you how did you come across this company? how much research do you do to say this is a company worth owning how much time does that take >> it takes quite a bit of time. we have a broad team o
u.s. centric -- u.s. economic environment. economic growth has been accelerating in the u.s.back of tax cuts, deregulation the outlook for earnings is good it's less exposed to some of the tariff issues and the economic mixed results and slowdown overseas >> with so much attention focused by investors and by members of the media on the f.a.n.g. stocks, a few other big cap tech stocks does it make it easier or more difficult to find these underloved names that you're successfully finding?...
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Aug 13, 2018
08/18
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BLOOMBERG
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u.s. centric and more value type. turkey used to be considered a ghost economy. i don't think we can say that any longer. we have seen valuations in the growth stock get so high and such a wide margin in multiples versus the value stocks that we prefer to be in more developed type of countries and the u.s. stocks end of the valley rather than the growth die-- side. julie: do you see some opportunities for you were we are seeing unjustified selling for example? mariann: the u.s. markets have been up this morning so far. we think that is rational. we saw this selloff in asian markets overnight. there is not a large buying opportunity being created in here. just a general, we don't expect the markets to do much of anything except probably accept growth into value. julie: finally going to happen. mariann: it was a year-and-a-half were both almost consistently outperformed value. and then in july, we somehow we think is an infection point in a move to the value stocks with a outperform growth is that, you know, we look back and say that was the turning point. we are n
u.s. centric and more value type. turkey used to be considered a ghost economy. i don't think we can say that any longer. we have seen valuations in the growth stock get so high and such a wide margin in multiples versus the value stocks that we prefer to be in more developed type of countries and the u.s. stocks end of the valley rather than the growth die-- side. julie: do you see some opportunities for you were we are seeing unjustified selling for example? mariann: the u.s. markets have...
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Aug 3, 2018
08/18
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CNBC
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u.s. centric focused.ight now there's 62 trillion of gdp outside of the united states, there's 18 in. 62 and 18. so at the end of the day, we're looking at china melting down here you have a fed that's tightening policy at the same time reducing their balance sheet in september by 50 billion a month. at the same time the trump administration has their fingers around the china neck with tariffs. there's no question once again the global economy will veto this fed they will break the fed over their knee within the next six months >> why >> because global economy will feedba back to the u.s it's already happening as the fed has been hiking rates here the last six months, emerging markets have crumbled global gdp is down almost 100 basis points china is a major -- i think china is actually in recession ten years ago today, even in the spring of 2008, we were in recession and nobody knew it with the weakness in china, the credit tightening conditions in china are leaking over to australia, leaking over to canad
u.s. centric focused.ight now there's 62 trillion of gdp outside of the united states, there's 18 in. 62 and 18. so at the end of the day, we're looking at china melting down here you have a fed that's tightening policy at the same time reducing their balance sheet in september by 50 billion a month. at the same time the trump administration has their fingers around the china neck with tariffs. there's no question once again the global economy will veto this fed they will break the fed over...
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Aug 14, 2018
08/18
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FBC
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u.s.-centric or global companies. and they haven't been putting their money there to invest in turkey.ke a lot of the large cap u.s. stocks and so some of them are cummins and altria is one and -- cheryl: bayer is on the screen. you like the three names. there. is cummins, year-to-date, chart is down. is that an opportunity in your opinion? >> it is. for a year half we've seen value underperform growth in the s&p 500 and we saw delta in the month of july where value started to outperform growth. is that the inflection point? time will tell. we think it is. cheryl: all three charts tell me you're looking for something with a little bit of a discount on it. thank you, so great to have you. >> thank you. cheryl: we just snapped a four-day losing streak for the dow and s&p. [closing bell rings] that is it for "countdown." next up david asman and melissa francis. they will take you through "after the bell. melissa: yes we are. back to winning on wall street. stocks climbing today. the dow ending the day up about 112 points at the close. not bad. s&p 500 and nasdaq also in the green. i'm mel
u.s.-centric or global companies. and they haven't been putting their money there to invest in turkey.ke a lot of the large cap u.s. stocks and so some of them are cummins and altria is one and -- cheryl: bayer is on the screen. you like the three names. there. is cummins, year-to-date, chart is down. is that an opportunity in your opinion? >> it is. for a year half we've seen value underperform growth in the s&p 500 and we saw delta in the month of july where value started to...
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Aug 28, 2018
08/18
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BLOOMBERG
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u.s. centric conversation. if i am a u.s. investor in the dax this year.ave done -5%. guy, bring up that great chart you had at the top of the hour. guy: it's there. tom: it's all about the u.s.. it's the only game in the town at the moment. this is all about corporate earnings growth. this is not about geography. it is which companies are growing earnings. there is a strong correlation between earnings surprise and stock price the room. we have to find companies that consistently deliver. in the u.s., we have had material advantages that have been conferred by the administration, the tax cuts and jobs act, fiscal expansion, and the deregulation ever since the election. that has provided an environment that has been plain for all to see. other markets will get there. guy: when? the european economic cycle, with our 10 years on in one week from lehman brothers. they feel like they have never recovered. james: you have to be very selective. in the european banking sector, i look at santander. guy: that's not europe. james: it is not the european play. you ha
u.s. centric conversation. if i am a u.s. investor in the dax this year.ave done -5%. guy, bring up that great chart you had at the top of the hour. guy: it's there. tom: it's all about the u.s.. it's the only game in the town at the moment. this is all about corporate earnings growth. this is not about geography. it is which companies are growing earnings. there is a strong correlation between earnings surprise and stock price the room. we have to find companies that consistently deliver. in...
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Aug 21, 2018
08/18
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CNBC
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u.s.-led centric then. >> exactly the washington consensus the brainchild of john williamson, his idea ofngton consensus, he coined the phrase, was that it was simply a wi for developing countries to plug themselves into the international economy. he didn't believe that developing countries should give unrestricted access to international capital flows. that capital account fundamentalism, the idea that countries should open capital accounts and let flows in, that was an obsession of the u.s. treasury and imf that proved in the end quite destabilizing for developing countries. china has a completely different framework. >> one quick question, putting that again to the current state of affairs, generally speaking turkey aside, are you still constructive on em and the em outlook from here? >> i would say as long as we stay in an environment where u.s. monetary conditions are tightening, whether that means the dollar continues to strengthen, u.s. yields continue to rise, that will be a hostile environment for capital flows to meaning mideaster emerging markets but emerging markets have a hig
u.s.-led centric then. >> exactly the washington consensus the brainchild of john williamson, his idea ofngton consensus, he coined the phrase, was that it was simply a wi for developing countries to plug themselves into the international economy. he didn't believe that developing countries should give unrestricted access to international capital flows. that capital account fundamentalism, the idea that countries should open capital accounts and let flows in, that was an obsession of the...
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Aug 29, 2018
08/18
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ALJAZ
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years ago and while it is see no centric it's not an excuse for this film to ignore the presence of the country's other groups this is the same reason why minorities in the u.s. are upset about the lack of representation so we have a piece here from someone who sent us a video comment the title is crazy which asians is not a radical win for representation i was born in singapore and currently lives in australia and this is what she talks about on the limits of representation. when we're talking about asians as a movie. that one that might be itself a great moment a representation of us from right now do something it is not we are stereotyped to begin with and this movie creates chinese people of singapore minorities and singapore on to represent them very well very much and in this movie we are seen in service positions to the chinese eat a thing of the opening got some of them and this is a problem clinching that this movie is selling itself and not represent a show and when i see it what i see is all of the people who have been dismissed in singapore to begin with and now this movie is doing so on and global is the and it's not representation it's not repr
years ago and while it is see no centric it's not an excuse for this film to ignore the presence of the country's other groups this is the same reason why minorities in the u.s. are upset about the lack of representation so we have a piece here from someone who sent us a video comment the title is crazy which asians is not a radical win for representation i was born in singapore and currently lives in australia and this is what she talks about on the limits of representation. when we're talking...
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Aug 23, 2018
08/18
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BLOOMBERG
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u.s. market as of now. in fact, their core business is very china centric. all of the revenues coming from china. thing i have to point out is that a loss the u.s. merchants they are trying to list are going to encounter some difficulties. , these merchants that have been trying to sell through alibaba are getting hit by the tariffs. ma has is a jack promised donald trump trump last year that he wants to create one tolion jobs in the run-up 2021, and that is not conducive in this environment. francine: thanks so much. lulu chen, bloomberg reporter in hong kong. tariffs coming into effect as trade talks resume in washington. we talk trade, tensions, this is bloomberg. ♪ francine: economics, finance, and politics. this is "bloomberg surveillance." i am francine lacqua in london. and check in on what is trending. brexit is tricky, but we have put together a pick your own brexit game. pick to see if you can get a good deal, pretty fun, actually. it is a hard game. saudi aramco is said to have put their ipo on hold. sources told bloomberg the oil giant is focusing on buying a strategic stake in a chemi
u.s. market as of now. in fact, their core business is very china centric. all of the revenues coming from china. thing i have to point out is that a loss the u.s. merchants they are trying to list are going to encounter some difficulties. , these merchants that have been trying to sell through alibaba are getting hit by the tariffs. ma has is a jack promised donald trump trump last year that he wants to create one tolion jobs in the run-up 2021, and that is not conducive in this environment....
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Aug 28, 2018
08/18
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ALJAZ
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ago and while it is seen no centric it's not an excuse for this film to then ignore the presence of the country's other groups this is the same reason why minorities in the u.s. are upset about the lack of representation so if you haven't seen the film i'll explain what that means if this next comment we we got a video comment from someone who wrote this piece crazy rich asians is one of the saddest moments her take and here's what she sent us. triumph or representation for asians in america in a suitable context than that little bit more complicated so singapore is currently having a big debate about inequality and a lifestyle is the pick that in the movie pretty much out of reach for most and of koreans secondly it's problematic that the only minorities represented that seem to be servants pretty much as a scene involving six feet guards which is just flagrantly racist especially with the scoring of ominous music. and finally there's this weird constellation of singapore with china with the choice to open a movie of a quote by napoleon bonaparte about china which these imply is that singapore is a chinese country and i think basically rep mis represent sin
ago and while it is seen no centric it's not an excuse for this film to then ignore the presence of the country's other groups this is the same reason why minorities in the u.s. are upset about the lack of representation so if you haven't seen the film i'll explain what that means if this next comment we we got a video comment from someone who wrote this piece crazy rich asians is one of the saddest moments her take and here's what she sent us. triumph or representation for asians in america in...
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Aug 29, 2018
08/18
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ALJAZ
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years ago and while it is see no centric it's not an excuse for this film to ignore the presence of the country's other groups this is the same reason why minorities in the u.s. are upset about the lack of representation so we have a piece here from someone who sent us a video comment the title is crazy rich asians is not a radical win for representation i was born in singapore and currently lives in australia and this is what she talks about on the limits of representation. when we're talking about asians it's a movie. that one that mocked itself as a great moment a representation of us from right now do something it is not just a one time to begin with and this movie creates chinese people of singapore minorities in singapore on to represent them very well very much and in this movie we are seen in service positions to the chinese eat a thing of the opening got some of them and this is a problem clinching that this movie is selling itself. when i see it what i see is all of the people who have been dismissed in singapore to begin with and now these movies doing so on a global is the and it's not representation it's not representation for everyone the idea
years ago and while it is see no centric it's not an excuse for this film to ignore the presence of the country's other groups this is the same reason why minorities in the u.s. are upset about the lack of representation so we have a piece here from someone who sent us a video comment the title is crazy rich asians is not a radical win for representation i was born in singapore and currently lives in australia and this is what she talks about on the limits of representation. when we're talking...
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Aug 15, 2018
08/18
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BLOOMBERG
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centric. that famous phrase, this time is different. is the u.s.mpletely different way whatever the tone is. how does that political trumpian tone changer economics? >> it means the abandonment of certain policy orthodoxies has occurred in emerging markets and developed markets. cks on central bank independence, talking about tariffs, things that may work from time to time, but is quite a shift. tom: this word orthodox is used in economics in an important way. day,e telegraph the other "there are rules of the road when you get to this contagion." roserkish inflation sharply. the market expected a 100 basis point hike. they did not hike. it looks politicized. he says real rates in turkey are plummeting. we worry about capital flows, international investors. basically 101 says you have to be aggressive and tighten monetary and perhaps fiscal policy in response. preview of what can happen anywhere where you see 20 deficit's he coming a problem. francine: let's get to istanbul and our middle east anchor. you have been there for a couple of days. you kn
centric. that famous phrase, this time is different. is the u.s.mpletely different way whatever the tone is. how does that political trumpian tone changer economics? >> it means the abandonment of certain policy orthodoxies has occurred in emerging markets and developed markets. cks on central bank independence, talking about tariffs, things that may work from time to time, but is quite a shift. tom: this word orthodox is used in economics in an important way. day,e telegraph the other...
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Aug 29, 2018
08/18
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ALJAZ
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years ago and while it is see no centric it's not an excuse for this film to ignore the presence of the country's other groups this is the same reason why minorities in the u.s. are upset about the lack of representation so we have a piece here from someone who sent us a video comment the title is crazy rich asians is not a radical win for representation was born in singapore and currently lives in australia and this is what she talks about on the limits of representation. when we're talking about asians as a movie it's important to note that one that mocked itself as a great moment a representation of us from right now do something it is not just a one time to begin with and this movie creates chinese people to singapore minorities in singapore on to represent it very well very much and in this movie we are seen in service positions to the chinese eat a thing of opening got some of them and this is a problem clinching that this movie is selling itself as the nation when i see it what i see is all of the people who have been dismissed in singapore to begin with and now this movie is doing so on and global is the and it's not representation it's not represent
years ago and while it is see no centric it's not an excuse for this film to ignore the presence of the country's other groups this is the same reason why minorities in the u.s. are upset about the lack of representation so we have a piece here from someone who sent us a video comment the title is crazy rich asians is not a radical win for representation was born in singapore and currently lives in australia and this is what she talks about on the limits of representation. when we're talking...