A 42 year high headline, low headline looks awesome but what is your forecast . Neil dwane probably in the next 18 months as we go through brexit negotiations you can see at the margins, unemployment will rise again. Would say is the u. K. Has done very well in the shortterm because the u. K. Consumer has borrowed and spent. Savings rates in the u. K. Have no collapsed to the lowest level possible and your headline is that there is a wage squeeze. Postbrexit, it will constrain the spending by the u. K. , if money isumers cheap, they borrow from the fed they now borrow and spend. The bank of england is worried about the system and all of the other things we have seen in the u. S. So everything has been pulled forward in the u. K. Which is why i am more nervous that we see a slowdown, even if we get the government be a more fiscally supportive. I dont think in the next 18 months that it is a good thing. Alix for the hawks are doves . Joshua feinman i dont think it will raise rates. Alix
A 42 year high headline, low headline looks awesome but what is your forecast . Neil dwane probably in the next 18 months as we go through brexit negotiations you can see at the margins, unemployment will rise again. Would say is the u. K. Has done very well in the shortterm because the u. K. Consumer has borrowed and spent. Savings rates in the u. K. Have no collapsed to the lowest level possible and your headline is that there is a wage squeeze. Postbrexit, it will constrain the spending by the u. K. , if money isumers cheap, they borrow from the fed they now borrow and spend. The bank of england is worried about the system and all of the other things we have seen in the u. S. So everything has been pulled forward in the u. K. Which is why i am more nervous that we see a slowdown, even if we get the government be a more fiscally supportive. I dont think in the next 18 months that it is a good thing. Alix for the hawks are doves . Joshua feinman i dont think it will raise rates. Alix
Been a fan before i was in congress of going beyond the saids initiative feds policy. I felt like q1, q2 and q3 do not create the job increases that policymakers at the time thought. I have been concerned as we go back and look backwards since 2008 that said officials have always been a little reluctant to talk about some of the unintended consequences such as a distorting the price mechanism in our economy, depressing cap rates for real estate or running up equity prices which i think are a result we have flooded from qe2 into our economy affecting prices. Today, i have not heard discussion, we talked about the Balance Sheet and Interest Rates , i want to talk about the money multiplier affect in your toolbox. We flooded the system with reserves, but we have a money multiplier down at apples rates , 1930s types rate. I guess my view, you shouldnt lower Interest Rates on banks as raising rates and planting this very thoughtful, careful shrinkage of the Balance Sheet . Chair yellen the
Way. And what was your reaction yesterday to the president s sons release of those infamous emails . Well, i dont know the details of this. Listen, we have got at least a half a dozen different investigations that are going on this is worthy of the investigation. I dont know what went on. But we need to get to the bottom of it. On the one hand. I know that Opposition Research is something all campaigns do. Why youre necessarily talking to a foreign state, obviously thats disturbing. But i dont completely know. I havent read all the emails but i have no doubt that the investigations that are ongoing will get to the bottom of it did it worry you when you saw the market react to it did you think it was something that could derail momentum in the economy . Well, no. I mean, ive been around long enough to see momentary swings in the market. So no, im not im more concerned, again, about ultimately getting tax reform done, because nothing says economics quite like tax reform. I wish the democ
Way. And what was your reaction yesterday to the president s sons release of those infamous emails . Well, i dont know the details of this. Listen, we have got at least a half a dozen different investigations that are going on this is worthy of the investigation. I dont know what went on. But we need to get to the bottom of it. On the one hand. I know that Opposition Research is something all campaigns do. Why youre necessarily talking to a foreign state, obviously thats disturbing. But i dont completely know. I havent read all the emails but i have no doubt that the investigations that are ongoing will get to the bottom of it did it worry you when you saw the market react to it did you think it was something that could derail momentum in the economy . Well, no. I mean, ive been around long enough to see momentary swings in the market. So no, im not im more concerned, again, about ultimately getting tax reform done, because nothing says economics quite like tax reform. I wish the democ