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Gary . Gary cohen. We have the founder and chief Investment Officer of bridgewater. Larry summers, former u. S. Treasury secretary. Thank you for joining us in this great Bloomberg Panel debate. The world needs more easing. How difficult is it going to be for the fed to raise rates . The fed is probably going to rates this year. Our expectations of the imf is that to have any midyear contrary to what is expected. The fact that the fed is going to do that is good news in and of itself. It shows that two things are moving in the right direction. Employment is up, unemployment down. And inflation is hopefully giving little signs of moving up in the right direction. With these two indicators, which have been extremely well communicated and identified by janet yellen, who has done a terrific job in communicating and giving the right anticipations to market operators, i think ....
Investor. Larry summers, former u. S. Treasury secretary. Thank you for joining us in this panel debate. The world needs more yous. How difficult is it going to be for the fed to raise rates . They will probably raise rates this year. The expectation is to have any midyear contrary to what is expected. The fact that the fed is going to do that is good news in and of itself. It shows that two things are moving in the right direction. Employment is up, unemployment down. And inflation is hopefully getting little signs of moving up in the right direction. We have these two indicators which have been extremely well communicated and identified by janet yellen who has done a terrific job in communicating and getting the right anticipations to market operators. I think that is good news in and of itself. The consequences will be a different story. There will be side effects, spillover effects, and volatility. This is unavoidable. In terms of the sheer raising interest it is clearly a good sig ....
The ims. We have the founder and chief Investment Officer of bridgewater. Larry summers, former u. S. Treasury secretary. Thank you for joining us in this great Bloomberg Panel debate. The world needs more easing. How difficult is it going to be for the fed to raise rates . The fed is probably going to rates this year. Our expectations of the imf is that to have any midyear, contrary to what is expected. The fact that the fed is going to do that is good news in and of itself. It shows that two things are moving in the right direction. Employment is up, unemployment down. And inflation is hopefully giving little signs of moving up in the right direction. With these two indicators, which have been extremely well communicated and identified by janet yellen, who has done a terrific job in communicating and giving the right anticipations to market operators, i think that it i ....
Institutional bonds, everything up for grabs driving optimism. Driving that hunger for risk. That is how stocks are opening higher. We got better and is china. The purchasing Managers Index in terms of manufacturing, not falling as much. It was all about the ecb yesterday. That is what happens to the euro. 1. 113 at the moment versus the dollar. Down almost 2 . So big moves when it comes to currency. Thanks for marriott draghi. Big moves in oil. Sad news on the back of the death of the king of saudi arabia. He lived to a grand old age. How it is trading on the day. Up pops up 2 . Questions about whether his brother will continue with his predecessors policies. Also, will they keep their oil minister . Big questions but oil markets are getting a boost on the back of the saudi arabias king abdullas passing. This is about ecb returning. Borrowing costs driving down. Italy down. 1. 46 italy is looking to borrow on the 10year. Spain ab ....