Of the 1980 s. Theres going to have to be a global coordinated sit down to rearrange the global 4 x. Market we arrange the global currency grit and the dollar is not the thing were going to have to match it against because that runaway value in the dollar is whats causing this deflation and thats whats causing this global depression part 2 so theyre going to have to rejigger the global currency grid and as all with they always come back to gold theyre going to do a whole recalibration of the global currency markets against the against gold so thats the only way out of this gold has sold off magnificent leads hugely so its bitcoin because down 45 percent by one day last week so there will be turmoil it doesnt move smoothly look at the lady 810000 945. 00 that was a what you could call a very tumultuous period but in terms of the dollar yes it is stronger right now it is going up in many. And sees this is something that weve been tracking for over a decade here and one thing people need
Welcome to the second day of the policy conference. My name is ilan kolet. Im the head of inflation and Commodities Research at Fidelity Investments in boston. Today, we have the pleasure of hearing the latest views from World Bank President David Malpass. President malpass is the 13th president of the world bank group. A term he began last year. Prior to joining the world bank, he served as undersecretary of the treasury for international affairs, founded a Macroeconomics Research firm, and served as the chief economist at bear stearns. While many of us know him now as a policymaker, there is a very long history in private sector macroeconomic analysis. Yesterday, when i was chatting with a retired friend of mine, he mentioned that the best moderators are funny, fluid, and forgettable. With that, president malpass, the floor is yours. That was funny and fluid and everybody will remember it. So you failed. Well, ilan, im very pleased to be here. Ive got some notes, and then ive got som
Welcome to the second day of the policy conference. Im the ahead of inflation, oddities research and fidelity in boston and today we have the pleasure of hearing the latest views from the 13th president of the World Bank Group determined he began last year prior to joining he served as undersecretary of the treasury for international affairs, founded a Macroeconomic Research firm and served as the chief economist while many of us know him now as a policymaker there is a very long history in the private sector economics. When i was chatting with a friend of mine he mentioned the best moderators are funny, fluid and forgettable. With that, the floor is yours. Im very pleased to be here. Ive got some notes and then it is nothing as to tell people about and am looking forward to the conversation and the National Association the meetings were one of my favorite in the 1980s when i was at the Senate Budget committee and the joint Economic Committee select switched on to be back and see some
The World Bank Group determined he began last year prior to joining he served as undersecretary of the treasury for international affairs, founded a Macroeconomic Research firm and served as the chief economist while many of us know him now as a policymaker there is a very long history in the private sector economics. When i was chatting with a friend of mine he mentioned the best moderators are funny, fluid and forgettable. With that, the floor is yours. Im very pleased to be here. Ive got some notes and then it is nothing as to tell people about and am looking forward to the conversation and the National Association the meetings were one of my favorite in the 1980s when i was at the Senate Budget committee and the joint Economic Committee select switched on to be back and see some old friends. The 1980s was an important time for u. S. Growth but like today, the years presented challenges for growth especially for the developing countries theres quite a few topics today but the one id
September, and if you havent paid attention tesla shares are down 10 this week alone only two trading days. If they had gotten ai from oh. Well talk about that, a war of words, openai is firing back at elon musk. Theres 1 chance well talk about it. Publishing emails appear no show the tesla cofounder did support creating a for profit entity. Lets begin with the markets and the testimony from the fed chair today. Jim, got some news on what he will say in terms of written words. Yeah. Look, i kind of when march is off the table, i think this is, obviously, one of those, i want to get a little more expansive and getting tired of the game of what month instead, what i see is a man who said listen, were not going to have a hard landing or soft landing. Were fine if it gets weaker well cut. Its kind of a Great Central bank essay about what you need to do in order to be able to get out of an inflationary period. David, i think hes becoming more of a, lets just say a true statesman how far to