Welcome to the second day of the policy conference. My name is ilan kolet. Im the head of inflation and Commodities Research at Fidelity Investments in boston. Today, we have the pleasure of hearing the latest views from World Bank President David Malpass. President malpass is the 13th president of the world bank group. A term he began last year. Prior to joining the world bank, he served as undersecretary of the treasury for international affairs, founded a Macroeconomics Research firm, and served as the chief economist at bear stearns. While many of us know him now as a policymaker, there is a very long history in private sector macroeconomic analysis. Yesterday, when i was chatting with a retired friend of mine, he mentioned that the best moderators are funny, fluid, and forgettable. With that, president malpass, the floor is yours. That was funny and fluid and everybody will remember it. So you failed. Well, ilan, im very pleased to be here. Ive got some notes, and then ive got som
Message is xi jinping trying to send and how is it being received around the world . We are seeing this risk rally play out across asia markets. Completely unsurprisingly, the intors seeing most gains australia and tokyo are energy, materials, infrastructure related stocks looking to get a from the 78t billion pledge by the chinese president in his roads initiative. We are 30 minutes away from the china. In looking at the theme today, its hard to get away from the higher bys drive, led the cohesive comments from the Oil Ministers of russia and saudi arabia and beijing yesterday, saying that they want to go another nine months when it comes to this supply cut deal that was reached. And began in january. Take a look at this chart. To the supplier that opec cant control. U. S. Inventory numbers drilling reports as well. 20172018, and 2019 Consensus Forecast as well as the number for wti is all leading to 50 a barrel. The question is whether we can put higher put higher. We are seeing risk
Children were slaughtered in their school by the taliban. One of the worst attacks in taliban for years. Pakistan needs a strategy against all jihadi groups. Thousands of yazidi trapped in the sinjar mountain in need of urgent humanitarian aid. They are cold and hungry, desperate to get off the mountain. Plunging oil prices and western sanses hitting the economy. Russians cant see the bottom. Jed bush will explore a president ial run. People model their lives on their parents. If your parents worked in politics, you know the rest u iment we are called on to decide what we need. Pilgrimism is a response to that. I know what i believe. Flowerladen memorials by the attack. These two heroes were willing to lay down their lives so others might live we begin with the barbaric massacre of 133 children and nine Staff Members at a public military school in the city of peshawar. Survivors described how seven pakistani gunmen, some strapped with explosives stormed the school aring moving from cla
Pakistan needs a strategy against all jihadi groups. Thousands of yazidi trapped in the sinjar mountain in need of urgent humanitarian aid. They are cold and hungry, desperate to get off the mountain. Plunging oil prices and economy. Russians cant see the bottom. Jed bush will explore a president ial run. People model their lives on their parents. If your parents worked in politics, you know the rest u iment we are called on to decide what we need. That. I know what i believe. Flowerladen memorials by the attack. These two heroes were willing to lay down their lives so others might live we begin with the barbaric massacre of 133 children and nine Staff Members at a public military school in the city of peshawar. Survivors described how seven pakistani gunmen, some strapped with explosives stormed the school aring moving from classroom to classroom. They starting desperately anxious parents waited outside the school during the 8hour onslaught while inside some of the children were force
Their school by the taliban. One of the worst attacks in taliban for years. Pakistan needs a strategy against all jihadi groups. Thousands of yazidi trapped in the sinjar mountain in need of urgent humanitarian aid. They are cold and hungry, desperate to get off the mountain. Plunging oil prices and economy. Russians cant see the bottom. Jed bush will explore a president ial run. People model their lives on their parents. If your parents worked in politics, you know the rest u iment we are called on to decide what we need. That. I know what i believe. Flowerladen memorials by the attack. These two heroes were willing to lay down their lives so others might live we begin with the barbaric massacre of 133 children and nine Staff Members at a public military school in the city of peshawar. Survivors described how seven pakistani gunmen, some strapped with explosives stormed the school aring moving from classroom to classroom. They starting desperately anxious parents waited outside the sc