A very substantial degree of monetary accommodation is still needed for underlying inflation pressures to gradually build up and support headline Inflation Development in the mediumterm. We are also unanimous in communicating no change to the forward guidance. We only have to wait for wages and prices. We were unanimous in setting no precise date for when to discuss changes. The last thing the governing council may want is an unwanted tightening of the financing conditions. Jonathan joining me around the table today is the cohead of Global Portfolio management fixed income at Goldman Sachs asset management. And the credit columnist for bloomberg gadfly. Over in dallas, the chief Investment Officer of highland capital management. Guys, great to have you with us. Lets begin with you, mike. Yesterday and through today, this really interesting dynamic asserting itself. The first time i have seen in a number of years, the euro is stronger and the peripherys bid. Can that continue . Mike i t
A very substantial degree of monetary accommodation is still needed for underlying inflation pressures to gradually build up and support headline Inflation Development in the mediumterm. We are also unanimous in communicating no change to the forward guidance. We only have to wait for wages and prices. We were unanimous in setting no precise date for when to discuss changes. The last thing the governing council may want is an unwanted tightening of the financing conditions. Jonathan joining me around the table today is the cohead of Global Portfolio management fixed income at Goldman Sachs asset management. And the credit columnist for bloomberg gadfly. Over in dallas, the chief Investment Officer of highland capital management. Guys, great to have you with us. Lets begin with you, mike. Yesterday and through today, this really interesting dynamic asserting itself. The first time i have seen in a number of years, the euro is stronger and the peripherys bid. Can that continue . Mike i t
A very substantial degree of monetary accommodation is still needed for underlying inflation pressures to gradually build up and support headline Inflation Development in the mediumterm. We are also unanimous in communicating no change to the forward guidance. We only have to wait for wages and prices. We were unanimous in setting no precise date for when to discuss changes. The last thing the governing council may want is an unwanted tightening of the financing conditions. Jonathan joining me around the table today is the cohead of Global Portfolio management fixed income at Goldman Sachs asset management. And the credit columnist for bloomberg gadfly. Over in dallas, the chief Investment Officer of highland capital management. Guys, great to have you with us. Lets begin with you, mike. Yesterday and through today, this really interesting dynamic asserting itself. The first time i have seen in a number of years, the euro is stronger and the peripherys bid. Can that continue . Mike i t
And nobody else would consider myself a journalist. I began to take on the life of being an interviewer even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . David i read the other day that you opened your fund for 24 hours and 5 billion showed up, so how does somebody raise 5 billion in 24 hours . Paul it was not exactly true. It was true in the sense that once the offering was, because it was first come, first serve, there was a lot of demand. 23 hours later it was filled up. But it took a number of months of preparation. David that makes me feel better. How much do you manage now overall . Paul 34 billion at this point. David you started it in what year . Paul 1977. David how much money did you have been . Paul 1. 3 million. David where did you get that . Paul friends and family. I was a practicing lawyer and in early 1977, i decided that what i had been doing managing a small amount of, a tiny amount of f
And nobody else would consider myself a journalist. I began to take on the life of being an interviewer even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . David i read the other day that you opened your fund for 24 hours and 5 billion showed up, so how does somebody raise 5 billion in 24 hours . Paul it was not exactly true. It was true in the sense that once the offering was, because it was first come, first serve, there was a lot of demand. 23 hours later it was filled up. But it took a number of months of preparation. David that makes me feel better. How much do you manage now overall . Paul 34 billion at this point. David you started it in what year . Paul 1977. David how much money did you have been . Paul 1. 3 million. David where did you get that . Paul friends and family. I was a practicing lawyer and in early 1977, i decided that what i had been doing managing a small amount of, a tiny amount of f