It is hard to talk down your currency when fundamentals are improving. The currency has been a headwind, but we believe we are justified by the domestic strength of the economy. The reason they are not too concerned yet by the euro is it s an aan end is it seems to be an exogenous shock. It is a manifestation of the confidence of the eurozone and their policy. The eurozone is now growing as much as the united states. And so, i dont know if you change Monetary Policy if it affects that much. I think the euro is correcting for a changing growth rates that is now reestablished in the eurozone. He is trying to tight rope between announcing a tapering decision ahead of the governing council, he really didnt have a lot of leverage with his words. Jonathan joining me here is the head of global bonds and chief investment strategist at pgim limited, also eric stein from eaton vance, and trey parker at highland capital management. Gents, great to have you on the program. Here is what jumps out t
It is hard to talk down your currency when fundamentals are improving. The currency has been a headwind, but we believe we are justified by the domestic strength of the economy. The reason why they are not too concerned about the euro is it seems to be an exogenous appreciation, it is a manifestation of the confidence of the eurozone and their policy. The eurozone is now growing as much as the united states. And so, i dont know if you change Monetary Policy if it affects that much. I think the euro is correcting for a changing growth rates that is now reestablished in the eurozone. He is trying to tight rope between not announcing or preannouncing a tapering decision ahead of the governing council, he really didnt have a lot of leverage with his words. Jonathan joining me here is the head of global bonds and chief investment strategist at pgim fixed income. Also eric stein from eaton vance, and trey parker at Portfolio Manager at highland capital management. Gents, great to have you on
It is hard to talk down your currency when your fundamentals are improving. The currency has found a headwind, but we believe we are justified by the domestic strength of the economy. The reason they are not too concerned by the euro is it seems to be the result of a good demand sharp, not an exogenous shock. It is a manifestation of the confidence of the eurozone and their policy. The eurozone is now growing as much as the united states. I dont know if you change monetary policy. I dont know if it would affect it much. I dont know if the euro is now affecting the changing growth rates now established by the euro. Theyre not announcing some sort of tapering the decision ahead of the governing council. He really did not have a lot of leverage with his words. Jonathan joining me is robert tipp, chief investment strategist at pgim limited, also eric stein from eaton vance, and trey parker at highland capital management. Great to have you on the program. Heres the thing that jumped out at
As the economy continues to outperform. It is hard to talk down your currency when fundamentals are improving. The currency has been a headwind, but we believe we are justified by the domestic strength of the economy. The reason why are not too concerned yet by the euro is it seems to be an exogenous shock. It is a manifestation of the confidence of the eurozone and their policy. The eurozone is now growing as much as the united states. And so, i dont know if you change Monetary Policy if it affects it much. I think the euro is correcting for a changing growth rates that is now reestablished in the eurozone. He is trying to tight rope between not announcing a tapering decision ahead of the governing council, he really didnt have a lot of leverage with his words. Jonathan joining me here is the head of global bonds and chief investment strategist at pgim fixed income, also eric stein from eaton vance, and trey parker at highland capital management. Gents, great to have you on the progra
Job growth, labor force participation, it is a solid report. We need more americans back to work. Some are opting not to join the labor force and it is important that we make it attractive for them to join the labor force. You are talking about another 222,000 jobs, the moving average 194,000 jobs. It is almost inconceivable. Wages and price pressures will eventually show up, so it will not bring the bond yields down very much and it will not calm the fed beyond a short amount of time because if we are really doing 200,000 jobs, i think they are still going to face inflation pressures. Despite the strong jobs report from the standpoint of jobs gained, not necessarily from wages, which is what janet yellen is watching seriously as one more hikehas left in the year, probably december. Jonathan joining me is aniistian on money am and robert tipp, head of global bonds. Chris, lets start with you. Does payroll support change anything at all for the Federal Reserve . Not really. The fed was