Disillusioned about the future. The eurozone may not survive. The most important influence in the world right now is populism. Erik it is straight ahead on bloomberg best. Hello, im Erik Schatzker. Welcome to davos and welcome to bloomberg best. Your weekly roundup of the most important Business News, analysis and interviews from Bloomberg Television around the world. Here at the World Economic forum, we had the chance to discuss the weeks biggest stories with some of the worlds finest minds. Lets take a day by day look at the top headlines. 2017 is starting out as the year of geopolitics, led by brexit and the Incoming Trump administration. But no single country is likely to have more effect on the Global Economy than china. Earlier this morning, their president spoke for the first time at davos. Nobody will emerge as a winner in a trade war. I saw the president of chinas speech as a major message. It is a message that says, lets recognize the fact that we are mutually interdependent.
Disillusioned about the future. The eurozone may not survive. The most important influence in the world right now is populism. Erik it is straight ahead on bloomberg best. Hello, im Erik Schatzker. Welcome to davos and welcome to bloomberg best. Your weekly roundup of the most important Business News, analysis and interviews from Bloomberg Television around the world. Here at the World Economic forum, we had the chance to discuss the weeks biggest stories with some of the worlds finest minds. Lets take a day by day look at the top headlines. 2017 is starting out as the year of geopolitics, led by brexit and the Incoming Trump administration. But no single country is likely to have more effect on the Global Economy than china. Earlier this morning, their president spoke for the first time at davos. Nobody will emerge as a winner in a trade war. I saw the president of chinas speech as a major message. It is a message that says, lets recognize the fact that we are mutually interdependent.
Stocks have reacted so favably to what is happening. If you look at the equity valuations of Global Equities without Financial Services since the crisis. Equity prices are up 100 . Until the selection, financials were down 20 to 30 . So you are starting with a phenomenal valuation discount. Thats why i think this will be sustainablfor a while. I think discussion of rolling back the parts of regulation that have been not effective and by no means am i a proponent of rolling back all regulation. We can see there are portions of this that have been costly and ineffective and slowed the growth of banks. I think there is some wind in the sails here. Trish you couple that are higher Interest Rates and thats feeding this as well. I dont think there is any business that wont benefit from higher Interest Rates. Gary viewers talk about how the financial industry suffered from regulation. But i always ask what kind of thing will make the earnings grow faster for the banks . I cant think of anybod
Stocks have reacted so favably to what is happening. If you look at the equity valuations of Global Equities without Financial Services since the crisis. Equity prices are up 100 . Until the selection, financials were down 20 to 30 . So you are starting with a phenomenal valuation discount. Thats why i think this will be sustainablfor a while. I think discussion of rolling back the parts of regulation that have been not effective and by no means am i a proponent of rolling back all regulation. We can see there are portions of this that have been costly and ineffective and slowed the growth of banks. I think there is some wind in the sails here. Trish you couple that are higher Interest Rates and thats feeding this as well. I dont think there is any business that wont benefit from higher Interest Rates. Gary viewers talk about how the financial industry suffered from regulation. But i always ask what kind of thing will make the earnings grow faster for the banks . I cant think of anybod
Stocks have reacted so favably to what is happening. If you look at the equity valuations of Global Equities without Financial Services since the crisis. Equity prices are up 100 . Until the selection, financials were down 20 to 30 . So you are starting with a phenomenal valuation discount. Thats why i think this will be sustainablfor a while. I think discussion of rolling back the parts of regulation that have been not effective and by no means am i a proponent of rolling back all regulation. We can see there are portions of this that have been costly and ineffective and slowed the growth of banks. I think there is some wind in the sails here. Trish you couple that are higher Interest Rates and thats feeding this as well. I dont think there is any business that wont benefit from higher Interest Rates. Gary viewers talk about how the financial industry suffered from regulation. But i always ask what kind of thing will make the earnings grow faster for the banks . I cant think of anybod