Mark vassella. This is Bloomberg Markets asia. Ishaad that rally continuing we have treasuries and focus. Goldman sachs making the call about what could happen if. Ields go up to 4. 5 looking unlikely at the moment. But who knows. Jay powell, two testimonies on capitol hill. Highly cognizant of global markets. He would be aware of the significance and scrutiny over these separate days of testimony. Up fory report, setting janet yellen 2. 0. He will be want to be treading carefully given the web saw sessions we have had over the past few weeks. Over withtrong hand yesterday pushing its 50day price action on the friday session. Where watching the opening in hong kong. Got a barrage of japanese numbers coming out this week. How are we tracking so far . Sophie we have stocks across the board gaining ground at the tie ask the taiex. We are looking for yellen 2. 0 from jay powell. Hovering around 1. 07 against that backdrop. We have stocks in tokyo led higher by electronics, telcos seeing th
One of the themes that emerged in the aftermath of the Grenfell Tower fire was the link between the disaster and austerity. Thats an idea thats particularly galling, given just how rich the royal borough of kensington and chelsea actually is. Im here in elm park gardens, which is a road about three miles south from Grenfell Tower, on the other side of the borough. The average Property Price here is £1. 8 million. But its actually here that the real story of the grenfell fire begins. You see, on this road, the council sold off a load of its property, including some of these basement flats. They took £6 million from those sales, they added in £3 million from elsewhere, and they put that £9 million or so budget towards renovating and refurbishing Grenfell Tower. That refurbishment was supposed to make it a nicer, warmer place to live. Grenfell was selected by the borough and kctmo, its tenant management organisation, to complete the renovation of buildings in this corner of the boroug
From the role of the u. S. Dollar as the dominant reserve currency or from the role of the United States as a safe haven for capital. Theed we might say, one of key things that the United States produces is a social does serve so well as a safe haven for saving some capital. You could say that what john makin, liked to call the wealth Storage Service effectively is traded internationally for net imports. Have a truly distinguished panel to address the economic questions of trade deficits amidst the current Political Forces in play. Each member of the panel will speak for 13 to 15 minutes, opening comments after which, we will give the panelists a chance to react to ideas and clarify their points. After that we will open the floor to questions and will adjourn promptly at 00. At 12 00. L, thewill be jeff franke professor of Capital Formation and growth at harvard university. He is on the Business Cycle committee and previously served on the council of economic advisers Whose Research in
Speakers included a formal consultant from the office of the u. S. Trade representative and member of the White House Council of economic advisors. From the American Enterprise institute, this is two hours. Well start again. Good morning, ladies and gentlemen, im glad youre with us. Im alex pollock from the r street institute. And we welcome you on trade deficits and the Trump Administration. It goes without saying debates about trade, tariffs, other barriers to trade, balance of trade and payments and shifts in foreign exchanges, whether the flee of gold in old bays or reserves nominated in fiat currencies now have a long and controversial history in domestics and in politics. These debates feature the famous and essential contrast between the interests of producers on one side and those of consumers on the other, abiding asymmetry and pressures for adjustment between countries with persistent deficits like the u. S. Versus those with persistent surplus, germany for example. Naturally
Us. Im alex pollock from the r street institute. And we welcome you on trade deficits and the Trump Administration. It goes without saying debates about trade, tariffs, other barriers to trade, balance of trade and payments and shifts in foreign exchanges, whether the flee of gold in old bays or reserves nominated in fiat currencies now have a long and controversial history in domestics and in politics. These debates feature the famous and essential contrast between the interests of producers on one side and those of consumers on the other, abiding asymmetry and pressures for adjustment between countries with persistent deficits like the u. S. Versus those with persistent surplus, germany for example. Naturally throughout this is the desire of politicians to get and remain in office. Political economy is certainly the accurate term here. Discussions of trade deficits cannot be divorced from the International Monetary system, levels of Exchange Rates or role of the u. S. Dollar as the d