Tag Archive: Cool Video

Cool Video: Dollar and Fed

I joined Tom Keene and Marty Schenker (chief content officer) on the set of Bloomberg TV this morning. Schenker discussed some of the geopolitical issues in the Middle East, and Keene asked about the impact on the dollar. I expressed my concern that the chief threat to the dollar's role in the world economy is the several administrations have increasing weaponized access to the dollar and the dollar funding market.

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Cool Video: China Still Needs to Provide more Stimulus

The IMF projects that China will expand by less than 6% in 2020, but unless China provides more stimulus, it may be difficult to achieve.  This is not only my view but also the view of Helen Qiao, the chief economist for Greater China at Bank of America.  I was on the Bloomberg set with Alix Steele and Ms. Qiao earlier today.

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Cool Video: With Rick Santelli on CNBC

I was invited to Rick Santelli's Exchange on CNBC earlier today. There is a 3.5-minute clip of the interview that can be found here. Despite being a dollar bull for nearly a decade (since around the time of my first book--Making Sense of the Dollar--), I do not think a strong or weak dollar is desirable. It is about the level that is appropriate depending on business conditions and the economic cycle.

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Cool Video: Thoughts on ECB

A few hours after the ECB announced a new package of monetary accommodation, I joined a discussion on CNBC Asia with Nancy Hungerford and Sir Jegarajah.  Here is a clip of part of our discussion. I make two points.  The first is about the euro's price action.  What impressed me about it was that the euro posted an outside up day, trading on both sides of the previous day's range and closing above its high.

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Cool Video: The implication of CNY7.0+

President Trump's tweets last week announcing the end of the tariff truce signaled a new phase in the US-Chinese tensions.  China responded as did investors.  I was fortunate to have been invited to the Bloomberg set to discuss the issues of the day.

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Cool Video: Sketch of Bullish Case for Gold

I know some people who are always bullish gold. I am not. In fact, I often think I can find higher returning assets. However, I have recently have turned bullish gold, and while in Toronto on business, I was invited to the set of Bloomberg to discuss my change of heart.

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Cool Video: End of Tariff Truce Spurs Over Correction

The S&P 500 recorded a key reversal on May 1, and the end of the tariff truce ensured follow-through selling.  With today's early losses, it is off nearly 3.5% this month.   In my brief chat with Stuart Varney at Fox Business, I suggest that the stretched technical condition left the market vulnerable to a "buy in May and go away"  scenario. 

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Cool Video: Q1 US GDP Optics may Mark Near-Term Peak in Divergence Theme

I joined Tom Keene and Francine Lacqua to talk about US GDP with David Riley from BlueBay Asset Management. Here is a link to a 2.5-minute clip. The initial estimate of Q1 US growth was well more than nearly anyone expected. The details were underwhelming as the consumption was halved and the GDP deflator was halved. Final private domestic sales, which strips away inventories, trade, and government spending rose 1.3%, the least more than five years.

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Cool Video: Discussion of the Deflationary Risks in Japan and Brexit

I joined CNBC Asia’s Amanda Drury and Sri Jegarajah via Skype earlier today as the new week was beginning in Asia. In this three minute clip, we discuss the outlook for the BOJ and sterling. Most of the rise in Japan’s inflation is due to food and energy prices. Despite an aggressive balance-sheet expansion effort, the BOJ has missed its target by a long shot.

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Cool Video: Trump Ahead in 2020?

First, I tried playing down the significance of Goldman's call. The markets have anticipated this. redictIt.Org has shown the President to be an easy favorite since the start of the year. Charles Payne, the host, dismissed these results because he said they reflect professional gambler. I don't know if that is true or even relevant (ad hominem?).

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Cool Video: Fed’s Independence Challenged and Defended

I was on the set Fox Business set this afternoon talking with Charles Payne and Quincy Krosby about Fed policy. Payne suggested that both the political left and right are trying to politicize the Federal Reserve to print money for their favorite programs.

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Cool Video: Bloomberg–Sterling and the Euro

I joined Shey Ann and Amanda Lang on the Bloomberg set to talk about sterling and the euro. The media makes it sound like there was a coup in the UK and Parliament has taken control of Brexit. This is an exaggeration. The House of Commons did secure tomorrow to have "indicative votes" on the different alternatives. These votes are not binding on the Prime Minister who as already indicated some alternatives that she will not accept.

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CNBC Clip: February 24 Brexit

We tried a CNBC hook-up in Asia via Skype on February 25.  I did not think there would be a clip, but I stumbled on it looking for something else.  Click here for the roughly 2.5-minute interview done from my apartment in NYC.  The discussion is on Brexit and sterling. 

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Cool Video: Fox Business–Stocks and the US Consumer

I joined Varney and Company on Fox Business TV earlier today. Varney had liked by bullish call on stocks from the end of last year, but seemed dismayed that I have turned cautious. I suggested that the S&P are approaching a key area a little above 2800 that has capped in Q4 18.

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Cool Video: Noise or Signal?

From the second half of last week through the first half of this week, the S&P 500 rallied.  It surpassed our target of 2700 and made it to almost 2740, retracing more nearly 2/3 of the decline from the record high set last September. It stalled ahead of the 200-day moving average, which had previously offered support declines. 

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Cool Video: Bloomberg Clip US Growth in Relative Terms

With a jam-packed week for investors, and several high profile earnings reports, first look at Q4 GDP, the resumption of US-China trade talks, the FOMC meeting, and US jobs, it was a good time to be invited on the set of Bloomberg TV, with David Westin and Lisa Abramowicz. The clip here is with Matt Winkler, Editor-in-Chief Emeritus.

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Cool Video: Brexit–Now What?

I joined Wilf Frost, and Sara Eisen on the CNBC set at the NYSE shortly after the House of Commons delivered an unprecedented defeat to UK Prime Minister May. Catherine Mann (Citi) and Christopher Smart (Barings). The guests generally agreed that a delay in Brexit was likely.

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Cool Video: Bloomberg Economic Discussion

I joined Chris Wolfe from First Republic Wealth Management on the set of Bloomberg's Daybreak to discuss market developments and the outlook for the US economy. We generally agreed that while the economy is slowing it is doing so from unsustainably strong levels.

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Cool Video: CNBC Squawk Box

I was part of the "Trading Block" on CNBC earlier today. The sharp fall in stocks and oil would have led many, like Joe, to anticipate dollar weakness. Instead, the dollar rallied. Perhaps, I suggested, the dollar was acting like a safe haven. Bill yields are high enough to make cash a reasonable alternative to park one's savings.

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Cool Video: Euro Pressured Lower

As a long-term dollar bull, I was happy to accept Bloomberg TV's invite to come to the set on the day that the Dollar Index made new highs for the year and the euro punched through the $1.1300 support that has held since mid-August.  

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