And john delaney for his support and also especially thank you for the distinguished leaders joining today in our alumni board members. Its my pleasure to introduce the people who will be leaving this incredible conversation. Sylvia Mathews Burwell is president of American University and the first woman to lead the institution. She previously served as the 22nd secretary of the u. S. Department of health and Human Services and also served as the director ofth the office of management and budget and shes also served as the president of Global Development program and chief operating officer at the bill and Melinda Gates foundation and president of the walmartrt foundation. Shshes joined today by gary con and chief economic adviser to president trump, the former president and chief operating officer Goldman Sachs and an alumni of the american i welcome you both. Im sure you are ready to start the conversation. Iem. Thank you for the introduction and leadership at this fine institute. Than
Laboratory University Wide collaboration incubator for policy innovation. We can make the best and brightest in the publicprivate academic and sectors as well as journalism. This program was a generous gift. Todays topic is the path to recovery. What is the true state of the u. S. Economy and it couldnt be more timely. We would like to take a moment to acknowledge or cosponsor. American university and think him for his support. Especially thank you for the distinguished leader turning us from today are board of trustees and alumni board members. Is my pleasure to introduce the people who will be playing this incredible conversation. Soviet is president of that university and first woman to lead the institution. Shes the 22nd secretary of the u. S. And health and Human Services and served as the director of the opposite of management and budget and shes also start with the president of Global Development of chea chief operator officer and president of the walmart foundation. I welcome y
Their reasons for closing may be different, but one reason is always presented as an obstacle to production. The liquidity problem is really bothering us and taking away our production power. One of our biggest problems is financing. I know many manufacturers. I know that due to the financial problems and the breakdown of the working capital, the parliament passed a law last year to improve the financing problem of companies, which has now been promulgated for the implementation of the production and infrastructure financing law , a set of very useful rulings to facilitate financing, whether from the supply route banking finance, whether the capital market, financing from Foreign Investment and the provision of the countrys infrastructure, now after about 10 years with this law, the possibility of direct investment by banks in Infrastructure Projects is provided in this law , while taking into account that banks should not invest in the infrastructures given to the banks, in fact, they
For the Us Government to borrow money for 30 years. The big spike at the end is the concern. That is the cost of borrowing over 30 years. The Us Government is being forced to pay more as investors worry they will lose out when compared to the returns they can get from those higher Interest Rates. Its a similar story in the uk where like other governments there will be concern in the corridors of power that it costs more to pay off the National Debt and so there is less cash for other things. Simon french is Chief Economist at the uk Investment Bank Panmure Gordon and i asked him to explain to me what is going on. Your summary was pretty accurate. The higher for longer Interest Rate environment is spooking investors who have been for at least 15 years of the view that Central Banks have their back in terms of keeping Interest Rates low, but also buying Government Debt, quantitative easing, money printing, which many viewers have been familiar with over the last 15 years, has gone into r
Later on in the show, you wont want to miss it. First, the dow had a major milestone that even the president had something to say about. We did in fact break 25,000, very substantially break it, very easily. So i guess our new number is 30,000 but what it means is every time you see that number go up on wall street, it means jobs, it means success, it means 401 k s that are flourishing it also means americans are getting richer from the stock market the s p 500 opening the year with three Straight Record closes this is the first time thats happened since 1964. 54 years ago, for those keeping score. The dow and nasdaq on their own recordwreaki recordbreaking rallies. Could 2018 be better than 2017 how long can this euphoria on wall street last i remember 1964 like it was yesterday. It was yesterday for you. Ha ha ha. Ha ha ha. Dow 25,000 is a big deal. Why . People that typically wont be talking about the stock market are now talking about the stock market people that havent looked at t