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6 episodes with frances donald
2 episodes with frances donald
2 episodes with frances donald
2 episodes with frances donald
2 episodes with frances donald
2 episodes with frances donald
U.S. tariffs are on pause for 90 days, but sizeable 10% tariffs imposed on most countries on April 5 remains in place, and it, along with steep tariffs on imports from China, could have significant implications for U.S. inflation and growth.In this episode we join Frances Donald, Chief Economist at RBC do with Josh Lipsky, Senior Director of the Atlantic Council's GeoEconomics Center as they discuss the latest developments in U.S. and global trade policy and their impact on economic growth.This episode was recorded on April 7, 2025.
François-Philippe Champagne, Industry Minister; Frances Donald, RBC ; The Front Bench with : Sharan Kaur, Jamie Ellerton, Karl Bélanger & Hannah Thibedeau.
Anthony Furey, Newfoundland and Labrador Premier; Frances Donald, RBC & Avery Shenfeld, CIBC; The Front Bench with: Sharan Kaur, Jamie Ellerton, Geoff Meggs & Marieke Walsh.
Presented in partnership with TMX Group A new world economy is rapidly emerging, and Canada needs to stake its claim. In the wake of the U.S. presidential inauguration, join us for a timely discussion of the economic and political factors set to reshape the economy in 2025, and their projected impact on Canadian businesses and investors. Tariffs on trade, fierce competition for investment, a global race to secure the critical minerals required to transition to clean energy…these are just some of the issues business leaders, investors and policymakers will grapple with in the year ahead. John McKenzie, CEO, TMX Group, will introduce a discussion featuring Frances Donald, Chief Economist, RBC and Steve Verheul, Principal, GT and Company Executive Advisors and President, Verheul Consulting Inc. The discussion will be moderated by esteemed economics columnist Kevin Carmichael of The Logic, who will guide the conversation on the emerging world economy and expectations for the year ahead. On January 21, 2025, join us at the Empire Club of Canada for a key discussion on the economic and political shifts shaping the global economy, and the policies Canada needs to succeed. *The content presented is free of charge but please note that the Empire Club of Canada retains copyright. Neither the speeches themselves nor any part of their content may be used for any purpose other than personal interest or research without the explicit permission of the Empire Club of Canada.Views and Opinions Expressed Disclaimer: The views and opinions expressed by the speakers or panelists are those of the speakers or panelists and do not necessarily reflect or represent the official views and opinions, policy or position held by The Empire Club of Canada.*
The Herle Burly was created by Air Quotes Media with support from our presenting sponsor TELUS, as well as CN Rail, and Fidelity.Greetings, you curiouser and curiouser Herle Burly-ites! Frances Donald is with us today, the economist explainer in chief, the person who puts the fun in economic fundamentals! She's joining us from her new perch as senior vice-president and chief economist at Royal Bank of Canada.All anyone can talk about is the economy these days: prices are too high... how low will interests rates go... what are the prospects for our economy... how badly will Trump tariffs hurt us? These are the questions on our minds and Frances is the person to answer them.Thank you for joining us on #TheHerleBurly podcast. Please take a moment to give us a rating and review on iTunes, Spotify, Stitcher, Google Podcasts or your favourite podcast app.Thank you for joining us on #TheHerleBurly podcast. Please take a moment to give us a rating and review on iTunes, Spotify, Stitcher, Google Podcasts or your favourite podcast app.Watch episodes of The Herle Burly via Air Quotes Media on YouTube.
Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature conversations with Dennis Gartman and Ian Lyngen, and a special appearance from Frances Donald. Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACFSee omnystudio.com/listener for privacy information.
Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Anurag Rana, Bloomberg Intelligence Technology Analyst, discusses Apple's iPhone output in India. Frances Donald, Global Chief Economist and Strategist for Manulife Investment Management, discusses U.S CPI data. Shana Sissel, President and CEO at Banríon Capital Management, joins to discuss her outlook on the markets. Jeffrey Cleveland, Chief Economist at Payden & Rygel, joins to discuss U.S CPI data, and his outlook for the US economy. Sally Bakewell, Bloomberg US Finance Team Leader, discusses why U.S banks may redo key profit guidance.Hosts: Paul Sweeney and Alix SteelSee omnystudio.com/listener for privacy information.
Frances Donald, Chief Economist and Strategist at Manulife Investment Management, joins Alan Dunne to discuss how the drivers of the economy and inflation are undergoing a structural shift and what this means for the economic outlook. We hear why Frances expects a recession in the US economy in 2024 and why the risks to her forecasts are on the downside. Frances outlines where she currently sees tactical opportunities in fixed income markets and why she expects equity markets to face headwinds as investors start to see “bad news as bad news” this year. The conversations delves into the big shift underway in the global economy, becoming more supply driven than demand driven and the implications this will have for inflation, monetary policy and fiscal policy over the medium term. -----EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Cem on Twitter.Follow Frances on LinkedIn.Episode TimeStamps: 02:39 - Introduction to Frances Donald06:39 - What caused a pivot from the central banks?13:10 - Why were they wrong about their forecast?20:43 - Where are the weak spots?23:58 - Does recession calls even matter?27:34 - Frances' outlook for the economy39:21 - Are we heading into a structural shift?51:04 - Will things change in the next administration?53:33 - Are fixed income markets becoming more investable?59:35 - Advice for the other investors01:01:15 - Thanks for...
The Herle Burly was created by Air Quotes Media with support from our presenting sponsor TELUS, as well as CN Rail.Today on the pod, a guest who makes me feel like we're doing something right around here at Air Quotes Media. Or, at least, not altogether wrong. That's because she keeps coming back to the show, pretty much every time we ask her. 5 times now! And that makes her the all-time record holder for appearances … taking her out of a tie with Peter Weltman.I want all our listeners to know, I've offered her the coveted full-time position as Herle Burly In-House Economist, but for some weird reason, she prefers to remain in her current job: Global Chief Economist and Strategist at Manulife Financial.Frances Donald is with us today!So today, a tour of most of the economic hot button issues:What's the outlook for the next 18 months?Canadian Fiscal Policy and the role of low deficits.Immigration and the economy.And why is there a shortage of skilled trades to build the housing we so desperately need?Thank you for joining us on #TheHerleBurly podcast. Please take a moment to give us a rating and review on iTunes, Spotify, Stitcher, Google Podcasts or your favourite podcast app.Watch episodes of The Herle Burly via Air Quotes Media on YouTube.
Frances Donald, Chief Economist at Manulife Investment Management, joins to discuss markets, the Fed, and outlook for a soft or hard landing in 2024. Caroline Fredrickson, distinguished visiting professor at Georgetown Law, joins to discuss Donald Trump getting disqualified on the Colorado ballot for 2024, how it will fare in the US Supreme Court, and how Trump's legal issues will play into 2024. Lee Klaskow, Senior Analyst: Logistics at Bloomberg Intelligence, joins to discuss FedEx's earnings miss. Matt Palazola, Senior Analyst: P&C Insurance with Bloomberg Intelligence, joins to discuss Aon's acquisition of NFP. Hosted by Paul Sweeney and Emily Graffeo.See omnystudio.com/listener for privacy information.
Michael Hirson, 22V Research Head of China Research, discusses a new NBC News report that claims Xi Jinping warned President Biden that Beijing intends to reunify Taiwan. Frances Donald, Manulife Investment Management Global Chief Economist & Strategist, says we've already entered a global easing cycle. Jim Caron, CIO, Portfolio Solutions Group, Morgan Stanley Investment Management, advises a balanced portfolio approach going into what he expects to be a 'very rocky year'. Dan Ives, Wedbush Sr. Equity Research Analyst, says Apple margins will continue to expand despite pressure from EU regulators. Aaron David Miller, Carnegie Endowment for International Peace Senior Fellow, says 'huge' problems lie ahead for the US in addressing the Houthi attacks on Red Sea shipping vessels.Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.
Are the central banks on pause or not? We cover all the CB decisions/non-decisions this week and talk to former President of the Atlanta Fed and former FOMC member Dennis Lockhart to get his view on the central bank situation. How does Dennis view the FOMC meeting and the US economy in general?Afterwards, we call up Frances Donald, Global Chief Economist at Manulife Investment for some great analysis of the current situation. What are the right bets in markets and will risk assets surge as they did in 2007?Remember to get 30% off your first three purchases at www.stenoresearch.com with the coupon code 'macro30'.Hosts: Andreas Steno Larsen and Emil Møller
Ethan Harris, BofA Securities Head of Global Economics, sees a mild recession early next year. Frances Donald, Manulife Investment Management Global Chief Economist & Strategist says market is pricing in four Fed rate cuts next year. Kathy Jones, Charles Schwab Chief Fixed Income Strategist says there's a lot of disinflation in the pipeline. Dan Ives, Wedbush Sr. Research Analyst says AI is going to bigger than the street anticipates. Sean O'Brien, Brotherhood of Teamsters General President says Amazon is definitely a target going forward.Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.
Chris Harvey, Wells Fargo Securities Head of Equity Strategy, says we're seeing more of an economic malaise than recession. Frances Donald, Manulife Investment Management Global Chief Economist & Strategist, says we're headed into an environment where 2-3% inflation will become the "norm." Amanda Lynam, BlackRock Head of Macro Credit Research, says there's room for spreads to move higher. Greg Valliere, AGF Investments Chief US Policy Strategist, says the number one story to watch out for this summer is Ukraine. Ginni Rometty, Former IBM CEO & Author of "Good Power: Leading Positive Change in our Lives, Work and World," says there's little tolerance for AI to be wrong.Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.
The Herle Burly was created by Air Quotes Media with support from our presenting sponsor TELUS, as well as CN Rail, and Uber Canada.Our regular listeners will know that Frances Donald is Senior Managing Director and Global Chief Economist and Strategist at Manulife Financial. In 2019, when she was appointed to the role, she became the youngest Chief Economist in Canada — 1 of only 2 women to hold the title.Not at all surprising then that the economy is what we'll be talking about today. The stuff you might expect … the budget, inflation, interest rates, our industrial strategy with the VW deal as a backdrop to that. But then, I also want to get Frances' take on the immigration/wages relationship I've been exploring here on the pod. We'll follow up on my conversation a couple of weeks ago with Neil Hetherington and talk about full time workers at food banks. And then we'll take on Friendshoring … what are the tradeoffs and geopolitical implications here and what might it cost us?Thank you for joining us on #TheHerleBurly podcast. Please take a moment to give us a rating and review on iTunes, Spotify, Stitcher, Google Podcasts or your favourite podcast app.Watch episodes of The Herle Burly via Air Quotes Media on YouTube.
Frances Donald, Manulife Investment Management Global Chief Economist & Strategist, says "basically every traditional leading indicator of recession is flashing red." Peter Tchir, Academy Securities Head of Macro Strategy, says we're in a slow bleed into recession. Christopher Marinac, Janney Montgomery Scott Director of Research, says First Republic needs "a solution and they need one very quickly." Rep. French Hill, (R) Arkansas, discusses McCarthy's debt limit bill. Timothy Horan, Oppenheimer Senior Analyst, discusses Microsoft earnings and says the company is taking the lead on AI. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.
Lightning struck some U.S. and European banks recently, and investors may be feeling like the jolt is still coursing through them. Frances Donald, Global Chief Economist and Strategist at Manulife Investment Management, joins the Capital Markets Strategy team to delve into current bank problems' effects on the investment world and spark discussion on related topics: • What's been the historical response to banking volatility? • How do we define financial stability? • Are interest rates likely to go up or down in the near or distant future? • Where does macroeconomics come into play in the investment cycle? • Has our outlook for the coming months changed? The markets may be somewhat charged right now, but stay positive.
Frances Donald, Manulife Investment Management Global Chief Economist & Strategist, says the markets may need to price in more cuts from the Fed. Alessio de Longis, Invesco Senior Portfolio Manager and Head of GTAA Solutions, says the Fed is looking at "marginal increases" going forward, whereas the ECB, BOE "have more to go." John Stoltzfus, Oppenheimer Asset Management Chief Investment Strategist, says the Fed's credibility is still on the line. Sen. Mark Warner, (D) Virginia, previews the TikTok hearing by the House of Representatives' Energy and Commerce Committee. See omnystudio.com/listener for privacy information.
Frances Donald, Manulife Investment Management Global Chief Economist & Strategist, says the focus on the Fed month-to-month can be distracting. Kelsey Berro, JPMorgan Asset Management Fixed Income Portfolio Manager, says "the risk of a hard landing does go up" if the Fed considers re-accelerating to 50 basis points. Alicia Levine, BNY Mellon Wealth Management Head of Equities & Capital Markets Advisory, says Powell is sticking to the Volcker playbook. Diane Swonk, KPMG Chief Economist, says it's important that Powell laid out how data dependent the Fed is. See omnystudio.com/listener for privacy information.
Rob Arnott, Research Affiliates Chairman, explains why he likes international value stocks. Frances Donald, Manulife Investment Management Global Chief Economist & Strategist, says we are moving closer to stagflation. Jay Bryson, Wells Fargo Chief Economist, thinks it is all about the Fed for the foreseeable future. Libby Cantrill, PIMCO Public Policy Director, discusses the current state of US-China relationship. See omnystudio.com/listener for privacy information.
Jonathan Pingle, UBS Chief US Economist, says the guts of the US GDP report look weak. Frances Donald, Manulife Investment Management Global Chief Economist & Strategist, is more concerned about the next four quarters going further than today's GDP report. Walter Piecyk, LightShed Partners Technology, Media & Telecom Analyst and Partner, says he sees evidence of a weakening consumer. Jeanine Wai, Barclays Senior Oil & Gas Exploration & Production Analyst, discusses how investors are keeping Chevron in line. See omnystudio.com/listener for privacy information.
Frances Donald, global chief economist and strategist with Manulife Investment Management's multi-asset solutions team, joins podcast host John P. Bryson to explore current inflationary forces and their economic impact. Frances offers real-life examples to explain the differences between inflation, deflation, and stagflation, and she examines the tools that the U.S. Federal Reserve has to fight inflation while discussing how their implementation can affect markets and the economy. In addition, she considers which indicators could signal whether inflation may have peaked and she offers her outlook on the U.S. economy and prospects of a recession. Finally, Frances discusses portfolio positioning for investors in today's economic environment.
On today's episode of “The Macro Trading Floor,” Andreas and Alfonso welcome Frances Donald Global Chief Economist & Strategist at Manulife Investment Management. Walking through the most important macro factor right now, inflation, Frances shares how every central bankers worst nightmare is manifesting itself in markets. Sharing her outlook on inflation and the bond market, Frances sees a scenario where the flattening yield curve will lead to another inversion across 2's 10's & 5's 30's. Could a new regime of secular stagflation be upon us? Frances then shares her actionable trade idea, but to hear that, you'll have to tune in! -- Follow Frances: https://twitter.com/francesdonald Follow Andreas: https://twitter.com/AndreasSteno Follow Alfonso: https://twitter.com/MacroAlf Follow Blockworks: https://twitter.com/Blockworks_ Subscribe To The Macro Compass: https://themacrocompass.substack.com/ Subscribe To Stenos Signals: https://andreassteno.substack.com/ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Referenced In The Show: Fed Likely to Consider 0.75-Percentage-Point Rate Rise This Week: https://www.wsj.com/articles/bad-inflation-reports-raise-odds-of-surprise-0-75-percentage-point-rate-rise-this-week-11655147927 ECB to design new bond-buying plan to tackle market turmoil: https://www.ft.com/content/c519e5d5-f4c3-4554-9484-ddca75cf9bf3?sharetype=gift Stop Fooling Around, J-Pow: https://themacrocompass.substack.com/p/bad-cop-good-cop#details -- Timestamps: (00:00) Introduction (00:59) Top Stories Of The Week (07:41) Take Of The Week (14:33) Feature Interview With Frances Donald (16:03) FOMC Meeting (22:38) Inflation (27:21) The Neutral Rate (30:55) The Yield Curve (35:59) Frances' Actionable Trade Idea (39:27) Quantitative Tightening (42:42) Post Interview: Final Thoughts -- Disclaimer: Nothing discussed on The Macro Trading Floor should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
Frances Donald, Economist and Strategist at Manulife Investment Management, provides a preview of Wednesday's Fed rate decision and how high hikes could go. Bloomberg News Personal Finance Reporter Suzanne Woolley discusses her Businessweek story The Key to Surviving a Bear Market Is Managing Your Emotions. Bloomberg News Editor Tom Maloney explains why crypto billionaire fortunes have vanished as quickly as they were made. And we Drive to the Close with Megan Horneman, Chief Investment Officer at Verdence Capital Advisors. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan. See omnystudio.com/listener for privacy information.
Frances Donald, Economist and Strategist at Manulife Investment Management, provides a preview of Wednesday's Fed rate decision and how high hikes could go. Bloomberg News Personal Finance Reporter Suzanne Woolley discusses her Businessweek story The Key to Surviving a Bear Market Is Managing Your Emotions. Bloomberg News Editor Tom Maloney explains why crypto billionaire fortunes have vanished as quickly as they were made. And we Drive to the Close with Megan Horneman, Chief Investment Officer at Verdence Capital Advisors. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan. See omnystudio.com/listener for privacy information.
Lori Calvasina, RBC CApital Markets US Equity Strategy Head, says we are back at a crossroads for markets. Frances Donald, Manulife Investment Management Global Chief Economist & Strategist, says the US consumer is losing purchasing power. Steven Wieting, Citigroup Private Bank Chief Economist & Chief Investment Strategist, expects 2023 to be a year of decline for EPS. Julian Emanuel, Evercore ISI Chief Equity & Quantitative Strategist, says his base case is still for no US recession. Darwei Kung, DWS Portfolio Manager and Head of Commodities, anticipates oil demand will come down. See omnystudio.com/listener for privacy information.
Kathy Jones, Charles Schwab Chief Fixed Income Strategist, expects the Federal Reserve to reduce the pace of its policy tightening as U.S. inflation moderates. Andrew Weiss, Carnegie Endowment for International Peace Vice President of Studies, is skeptical the U.S. has any great power to shift the ultimate political direction of Russia. Frances Donald, Manulife Investment Management Global Chief Economist & Strategist, expects inflation to move back to 2% in 2023. Sarah Hunt, Alpine Woods Capital Investors Portfolio Manager, says it's important to have some cash in your portfolio. See omnystudio.com/listener for privacy information.
The Herle Burly was created by Air Quotes Media with support from our presenting sponsor TELUS, as well as CN Rail and the Ontario Real Estate Association.We're back with the pod's favourite economist: Frances Donald! Ms. Donald is Managing Director, Global Chief Economist, and Global Head of Macroeconomic Strategy at Manulife Investment. We're going to discuss the Canadian economy, the global economy, central banks, and Pierre Poilievre's favourite topic: inflation. Thank you for joining us on #TheHerleBurly podcast. Please take a moment to give us a rating and review on iTunes, Spotify, Stitcher, Google Podcasts or your favourite podcast app.Watch conversations from The Herle Burly on YouTube.
Kristalina Georgieva, IMF Managing Director, says vaccinating the world will help ensure that higher inflation proves temporary. Marc Benioff, Salesforce CEO, says CEOs need to get their companies to go net-zero. Anna Han, Wells Fargo Equity Strategist, discusses the Federal Reserve's “huge” involvement in equities. Frances Donald, Manulife Investment Management Global Chief Economist & Strategist, does not expect the Fed to be able to hike in 2022. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Francisco Blanch, Bank of Americca Global Commodities & Derivatives Research Head, says energy prices could potentially be a multi-year problem. Diego Mesa Puyo, Colombian Energy & Mines Minister, says we are headed for a commodity supercycle. Frances Donald, Manulife Global Chief Economist & Global Head of Macroeconomic Strategy, expects growth and inflation will decelerate materially in 2022. Saira Malik, Nuveen Global Equities CIO, says lays out the bull case for equities and her earnings outlook for next year. Dan Clifton, Strategas Head of Policy Research, says it's "Field of Dreams" week in Washington. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Michael Gapen, Barclays Chief U.S. Economist, the U.S. retail sales miss reflects more the comedown from stimulus payments than delta variant fears. David Stubbs, JPMorgan Chase Bank Global Head of Market Strategy, says we are in the midst of a productivity shock. Frances Donald, Manulife Investment Management Global Chief Economist & Head of Macroeconomic Strategy, says the manner of the Fed's taper is more important than the timing. Joe Feldman, Telsey Advisory Group Senior Research Analyst & Assistant Director of Research, expects the next decade to be pretty rosy for major retailers. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Michael Gapen, Barclays Chief U.S. Economist, the U.S. retail sales miss reflects more the comedown from stimulus payments than delta variant fears. David Stubbs, JPMorgan Chase Bank Global Head of Market Strategy, says we are in the midst of a productivity shock. Frances Donald, Manulife Investment Management Global Chief Economist & Head of Macroeconomic Strategy, says the manner of the Fed's taper is more important than the timing. Joe Feldman, Telsey Advisory Group Senior Research Analyst & Assistant Director of Research, expects the next decade to be pretty rosy for major retailers. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Dr. David Levy, CEO of EHE Health, discusses how vaccinations can beat the Covid-19 virus. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Technology Reporter Austin Carr share the Businessweek Magazine cover story Beijing's Tech Crackdown Makes China Model the Law of the Land. Steven Skancke, Chief Economic Advisor at Keel Point, and Frances Donald, Chief Economist at Manulife Investment Management, provide a preview of Wednesday's Fed decision. And we Drive to the Close with Hilary Kramer, President and CIO at A&G Capital. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Dr. David Levy, CEO of EHE Health, discusses how vaccinations can beat the Covid-19 virus. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Technology Reporter Austin Carr share the Businessweek Magazine cover story Beijing's Tech Crackdown Makes China Model the Law of the Land. Steven Skancke, Chief Economic Advisor at Keel Point, and Frances Donald, Chief Economist at Manulife Investment Management, provide a preview of Wednesday's Fed decision. And we Drive to the Close with Hilary Kramer, President and CIO at A&G Capital. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
If you have tried to buy almost anything in the last several months, there is a good chance it costs you more today than it did previously. These cost increases, or inflation, have been a dominant topic of conversation both at the proverbial water cooler as well as with economists. I can’t solve the water cooler part, but I am excited to welcome back to Frances Donald, Senior Managing Director & Head of Macro Strategy at Manulife Investment Management. We of course talk about inflation, and Frances is not shy to share her opinions. Great stuff, and should really get you thinking and help put a lot of things in perspective. Before we get started, this is my second conversation on the podcast with Frances, while you don’t have to listen to the first one, it is worth checking out. To do that, just scroll through the episodes on your favorite podcast app. There are over 200 prior episodes, so if any other topics or guests catch your eye feel free to listen to those as well. Most episodes are evergreen in their content so even if we recorded them a month or a few years ago, still good info to take it. Thats it, I hope you enjoy my conversation with Frances! Guest Bio Frances Donald is a Senior Managing Director, Chief Economist & Head of Macro Strategy at Manulife Investment Management. In her role she forecasts global macroeconomic and financial trends, analyzes the economy and capital markets for potential opportunities and risks, and serves as a thought leader both within the firm and externally. As a senior member of the firm’s multi-asset solutions team, she coordinates global macro research, assists in the team’s return forecasting process, and contributes to portfolio positioning views. Prior to joining Manulife, Frances worked as a financial economist for Scotiabank in Toronto, and before that as a global macro analyst for Pavilion Global Markets in Montreal. Earlier in her career, she held various positions at Deloitte, Roubini Global Economics, and Bank of Canada. Frances is a frequent public speaker and regularly appears in international media, including Bloomberg and CNBC. 401(k) Fridays Podcast Overview Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over 200 prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!
The Herle Burly was created by Air Quotes Media with support from our presenting sponsor TELUS, as well as CN Rail.Alright, it's time for another Herle Burly 2-part pod!Part 1 is the return of one of our most listened-to pod guests, Frances Donald! If you'll recall Ms. Donald is Managing Director, Global Chief Economist, and Global Head of Macroeconomic Strategy at Manulife Investment. And we are going to talk about ... what else? The Budget. Did we all forget about the budget, already? Where's it going to take us in this next year? Are there longer-term growth elements in the budget? What's the potential for rising inflation and rising interest rates?Part 2 of the podcast is the ever-insightful, consistently profane, mostly hilarious, Political Panel with strategists and comms gurus Jenni Byrne and Scott Reid. We are going to talk about the devastating Residential School tragedy in B.C. Then, it's the latest Leger numbers in Ontario – showing Ford at 34, the liberals at 26 and the NDP at 25. Are these numbers real? Will Amos is stepping aside and officially seeking professional help for peeing in a cup on camera. Then, it's Carney vs. Poilievre. Plus, we'll throw our “HEY YOUs!” out into the digital ether!Thank you for joining us on The Herle Burly podcast. Please take a moment to give us a rating and review on iTunes, Spotify, Stitcher, Google Podcasts or your favourite podcast app.Watch conversations from The Herle Burly on YouTube.
Frances Donald, global chief economist and global head of macroeconomic strategy at Manulife Investment Management, discusses the outlook for inflation and how rising prices affect both consumers and investors. Inflation can be difficult to measure because different indicators such as the Consumer Price Index may use different price inputs. She explains how government spending and the economic reopening may affect inflation, and also why technology, digitization, and remote working are deflationary forces. Finally, if rates rise further, it’s important for investors to watch the pace of the move and why exactly rates are rising.
Andrew Sheets, Morgan Stanley Chief Cross Asset Strategist, says this cycle looks much shorter and faster than what we're used to. Tony Dwyer, Canaccord Genuity Equity Strategist, markets are so overbought, that they may be approaching stall speed. James Athey, Aberdeen Standard Investments Senior Investment Manager, says the ECB needs to fine-tune its messaging. Frances Donald, Manulife Investment Management Global Chief Economist & Head of Macroeconomic Strategy, says relative fiscal policy is a key global market driver. Dr. Jennifer Nuzzo, Johns Hopkins Center for Health Security Senior Scholar, says India is on the brink of a humanitarian crisis. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Andrew Sheets, Morgan Stanley Chief Cross Asset Strategist, says this cycle looks much shorter and faster than what we're used to. Tony Dwyer, Canaccord Genuity Equity Strategist, markets are so overbought, that they may be approaching stall speed. James Athey, Aberdeen Standard Investments Senior Investment Manager, says the ECB needs to fine-tune its messaging. Frances Donald, Manulife Investment Management Global Chief Economist & Head of Macroeconomic Strategy, says relative fiscal policy is a key global market driver. Dr. Jennifer Nuzzo, Johns Hopkins Center for Health Security Senior Scholar, says India is on the brink of a humanitarian crisis.
High home prices and child care costs hurt Canada more than people think, economically hampering our next generation of workers and spenders, warns Manulife's chief economist.
High home prices and child care costs hurt Canada more than people think, economically hampering our next generation of workers and spenders, warns Manulife's chief economist.
David Malpass, World Bank President, says the inequality in the global recovery is striking. Tony Crescenzi, PIMCO Market Strategist, Portfolio Manager & Member of the Firm's Investment Committee, says the rise in real interest rates is not affecting broader markets. Frances Donald, Manulife Investment Management Global Chief Economist & Head of Macroeconomic Strategy, says negative real yields are unsustainable. Yuli Edelstein, Israeli Health Minister, says the country is crossing the line of 50% of the population getting at least a first vaccination shot. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
It's another Herle Burly 2-part pod for you today.For Part 1, we have Frances Donald in the Zoom box. Ms. Donald is Managing Director, Global Chief Economist and Global Head of Macroeconomic Strategy at Manulife Investment Management. In 2019 at 33 years of age, she became the youngest Chief Economist in Canada. And one of only two women to hold that title in this country. Among other things, we're going to talk about the budget ... what is the right budget for Canada, right now? And what can we afford?Part 2 of the podcast is the Political Panel with our comms and campaign gurus, Jenni Byrne and Scott Reid. We're going to talk about:Erin O'Toole's response to Liberal claims that he's some kind of far-right Canadian Trump Monster.Yves Blanchet's drive-by smearing of Omar Alghabra.With the Inauguration down south Scott and Jenni and I will discuss transition of power – Chretien to Martin to Harper to Trudeau – and we'll tell some of those stories.And finally, it's the end of KeyStone XL.Plus, #HEYYOU!Thank you for joining us on The Herle Burly podcast. Please take a moment to give us a rating and review on iTunes, Spotify, Stitcher, Google Podcasts or your favourite podcast app.Watch conversations from The Herle Burly on YouTube.The Herle Burly was created by Air Quotes Media with support from our presenting sponsor TELUS, as well as CN Rail.
Sam Stovall, CFRA Chief Investment Strategist, discusses investor optimism as attention turns to earnings season. Greg Valliere, AGF Investments Chief U.S. Policy Strategist, says Joe Biden will probably go big and prevail with his initial stimulus bill. Frances Donald, Manulife Investment Management Global Chief Economist & Global Head of Macroeconomic Strategy, says this week's jobless claims data is a tipping point. Jeff Currie, Goldman Sachs Global Head of Commodities Research, says commodities are showing signs of a structural bull market. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
The Federal Reserve said it will continue to support the economy through massive monetary stimulus until it sees “substantial further progress” in employment and inflation. Discussing the news is Bloomberg News Global Economics and Policy Editor Kathleen Hays, Bloomberg Stocks Editor Dave Wilson, Frances Donald, Chief Economist at Manulife Investment Management, Steven Skancke, Chief Economic Advisor at Keel Point, Steve Blitz, Chief U.S. Economist at TS Lombard, Bloomberg Economics Senior U.S. Economist Yelena Shulyatyeva and Randy Watts, Chief Investment Strategist at O'Neil Global Advisors. Hosts: Carol Massar and Tim Stenovec. Producer: Doni Holloway. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Frances Donald, Manulife Investment Management Global Chief Economist & Head of Macroeconomic Strategy, says we should be more afraid of stagflation than we should be about low rates. Michael Holland, Holland and Company Chairman, says he can't justify buying a great deal of fixed income right now. Leslie McClure, Drexel University Dornsife School of Public Health Department of Epidemiology and Biostatistics Chair, says we have to continue to be cautious even after we vaccinate a large portion of the population. Ed Mills, Raymond James Washington Policy Analyst, discusses how politics continue to get in the way of a stimulus deal in Washington. Alex Webb, Bloomberg Opinion Tech Columnist, discusses Bob Dylan's decision to sell his songwriting catalog. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Bloomberg Intelligence Chief Equity Strategist Gina Martin Adams and Bloomberg Stocks Editor Dave Wilson set the Businessweek Agenda. We breakdown bank earnings with Anton Schutz, President at Mendon Capital Advisors. Bloomberg Businessweek Editor Joel Weber and Bloomberg Businessweek National Correspondent Josh Green discuss Josh's story on how a surge of early votes from seniors in Florida has put Joe Biden ahead in the critical battleground state. The impact of a lack of fiscal stimulus is on the mind of Frances Donald, Global Chief Economist and Head of Macro Strategy at Manulife Investment Management. And we Drive to the Close with Kevin Miller, CIO of The E-Valuator Funds. Hosts: Carol Massar and Paul Sweeney. Producer: Paul Brennan. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Frances Donald, Manulife Investment Management Global Chief Economist and Global Head of Macroeconomic Strategy, warns of the headwinds facing the U.S. economy. Rick Davis, Bloomberg Contributor and Former McCain Campaign Manager, explains how the terms of debates are negotiated as President Trump refuses to participate in a virtual debate. Michael Moore, Bloomberg News U.S. Finance Team Leader, discusses Morgan Stanley's acquisition of Eaton Vance. Abby Joseph Cohen, Goldman Sachs Advisory Director and Senior Investment Strategist, says a blue wave in the 2020 U.S. election could benefit markets. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Perhaps a middle ground can open up between unrestrained spending and unreasonable restrain for Canada's COVID-19 recovery, says Frances Donald, Global Chief Economist & Head of Macroeconomic Strategy at Manulife. She and host Edward Greenspon bring nuance to the popular discourse in economics around how a recovery could & should look for your favourite local businesses, in Canada's industries and in global markets. Plus historian J.D.M. Stewart joins us for a special chat. You don't want to miss this! -- Music: Raro Bueno by Chuzausen under a creative commons license
Perhaps a middle ground can open up between unrestrained spending and unreasonable restrain for Canada's COVID-19 recovery, says Frances Donald, Global Chief Economist & Head of Macroeconomic Strategy at Manulife. She and host Edward Greenspon bring nuance to the popular discourse in economics around how a recovery could & should look for your favourite local businesses, in Canada's industries and in global markets. Plus historian J.D.M. Stewart joins us for a special chat. You don't want to miss this! -- Music: Raro Bueno by Chuzausen under a creative commons license
It's been a great year for the stock market. But it's been a terrible year for the economy. How does that make sense? Steve Paikin talks to Frances Donald, managing director, Global Chief Economist & Global Head of Macroeconomic Strategy for Manulife Investment Management; and Brian Milner, freelance business and economics writer.See omnystudio.com/listener for privacy information.
Bill Gross, PIMCO Co-Founder & Former Fixed Income Fund Manager, says the bond world is now a melding of the Fed and the Treasury. Dan Ives, Wedbush Securities Director of Equity Research & Analyst, says the pullback in technology stocks is healthy for the sector. Frances Donald, Manulife Asset Management Global Economist, says we are currently looking at a K-shaped recovery and job losses may become permanent. Pat Foye, MTA Chairman, says ridership is down past Great Depression levels. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
We get the Businessweek Agenda with Bloomberg Stocks Editor Dave Wilson and Bloomberg Intelligence Chief Equity Strategist Gina Martin Adams. William Haseltine, Chair and President of Access Health International, discusses his living e-books "A Family Guide to Covid: Questions & Answers for Parents, Grandparents and Children" and "A Covid Back To School Guide: Questions and Answers For Parents and Students.” Bloomberg Businessweek Editor Joel Weber and Bloomberg News Senior Editor John Hechinger talk about a Wall Street titan that tripled its money by buying struggling hospitals. Frances Donald, Chief Economist and Head of Macroeconomic Strategy at Manulife Investment Management, breaks down jobless claims. Ed Rosenberg, Head of ETFs at American Century, talks about investing in ESG ETFs. And we Drive to the Close with Bill Smead, CEO at Smead Capital Management. Hosts: Carol Massar and Jason Kelly. Producer: Doni Holloway. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Frances Donald, Manulife Investment Management Global Chief Economist, says inflation may be coming more from deglobalization and large fiscal spending rather than monetary policy.Geoffrey Yu, BNY Mellon Senior Strategist, says markets are pricing in yield curve control. John Ryding, Brean Capital Chief Economic Advisor, says we may still have an unemployment rate above 9% by the end of this year. Michael Nathanson, MoffettNathanson Founding Partner and Senior Research Analyst, explains how TikTok could become Microsoft's deal of the decade. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
We get the Businessweek Agenda with Bloomberg Intelligence Chief Equity Strategist Gina Martin Adams and Bloomberg Stocks Editor Dave Wilson. Dr. Crystal Watson, Senior Scholar at the Johns Hopkins Bloomberg School of Public Health, talks about the importance of coronavirus contact tracing. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Campaign Finance Reporter Bill Allison discuss Mellon leading 2020 GOP donors and defending the use of racial stereotypes. We get Businessweek Economics with Frances Donald, Chief Economist and Head of Macroeconomic Strategy at Manulife Investment Management. Bloomberg News Finance Reporter Hannah Levitt discusses Wells Fargo readying thousands of job cuts to start this year. And we Drive to the Close with David Trainer, CEO at New Constructs. Hosts: Carol Massar and Jason Kelly. Producer: Doni Holloway. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
The Federal Reserve put a floor under its large-scale asset purchases and projected interest rates will remain near zero through at least 2022 as policy makers seek to speed the economy's recovery from the coronavirus recession. To discuss the news and break down Fed Chair Jay Powell's press conference are Bloomberg News Global Economics and Policy Editor Kathleen Hays, Frances Donald, Global Chief Economist at Manulife Investment Management, Lewis Alexander, Chief US Economist at Nomura, Bloomberg Intelligence Chief U.S. Interest Rate Strategist Ira Jersey, Lindsey Piegza, Chief Economist at Stifel Financial and Shawn Cruz, Manager of Trader Strategy at TD Ameritrade. Hosts: Carol Massar and Jason Kelly. Producer: Doni Holloway. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, says signs are showing that a bottoming process has begun in stocks. Bill Dudley, Bloomberg Opinion Columnist & Former New York Fed President, says the Fed can do very little about the initial demand shock from the coronavirus. Carl Riccadonna, Bloomberg Economics Chief U.S. Economist, says the Fed is taking market stabilizing measures, but not looking to stimulate the economy. Frances Donald, Manulife Investment Management Global Chief Economist & Head of Macro Strategy, says the coronavirus has been a shock that has slowed down the U.S. consumer. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
The Federal Reserve kept its benchmark interest rate steady and continued to signal policy would stay on hold for the time being as the U.S. enters a presidential election year. To discuss the news is Bloomberg News Global Economics and Policy Editor Kathleen Hays, Bloomberg News Stocks Editor Dave Wilson, Steven Skancke, Chief Economic Advisor at Keel Point, Frances Donald, Chief Economist at Manulife Investment Management, Bloomberg News Bond Reporter Alex Harris, and Josh Wright, Chief Economist at iCIMS. And we Drive to the Close with David Kotok, Chairman & CIO at Cumberland Advisors. Hosts: Carol Massar and Jason Kelly. Producer: Doni Holloway. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Frances Donald, Manulife Asset Management Head of Macroeconomic Strategy, says we have not experienced a period of such heightened trade tensions since the 1930s. Barry Eichengreen, University of California Berkeley Economics Professor, says if there is to be progress on trade with China, it will have to be incremental. Shannon Cross, Cross Research Co-Founder, says the entire tech-hardware industry is moving toward service models, centered around recurring payments from consumers. Henrietta Treyz, Veda Partners Director of Economic Policy, says U.S. voters are still concerned about the economy but less so than during the recession. And Demian Flowers, Commerzbank Automotive Analyst, says in order to profit from autos, overall manufacturing costs must go down. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Frances Donald, Chief Economist at Manulife Investment Management, and Bloomberg Global Macro Strategist Vincent Cignarella, discuss payrolls rising 96,000, a three-month low, after a downwardly revised 131,000 advance the prior month, according to a Labor Department report Friday that trailed the median estimate of economists for a 150,000 gain. Bloomberg News Deals Reporter Scott Deveau explains how billionaire Bill Ackman made a big bet on himself even as some investors were second-guessing the future of his hedge fund, Pershing Square Capital Management, and how that bet is paying off thus far. Bloomberg Businessweek Editor Joel Weber and Businessweek Freelance Writer Andrew Zaleski share the story of salt king Ben Jacobsen's effort to turn seawater into a culinary cult following. Jalak Jobanputa, Founding Partner at FuturePerfect Ventures, breaks down venture capital investing in the cryptocurrency world. And we Drive to the Close with Jim Russell, Portfolio Manager at Bahl & Gaynor. Hosts: Carol Massar and Jason Kelly. Producer: Paul Brennan. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
David Kelly, JPMorgan Asset Management Chief Global Strategist, says monetary policy tools are ineffective. Frances Donald, Manulife Asset Management Head of Macroeconomic Strategy, expects a recession in 2020. Jane Foley, Rabobank Head of FX Strategy, is cautious about EM. Max Nisen, Bloomberg Opinion Healthcare Columnist, says 20 million people would lose coverage if Obamacare is struck down. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Federal Reserve officials scaled back their projected interest-rate increases this year to zero and said they would end the drawdown of the central bank's bond holdings in September after holding policy steady on Wednesday. Discussing the news is Kathleen Hays, Bloomberg News Global Economics and Policy Editor, Bloomberg Stocks Editor Dave Wilson, Frances Donald, Head of Macro Economic Strategy at Manulife Asset Management, and Bloomberg News Federal Reserve Reporter Steve Matthews. Bob Eisenbeis, Vice Chairman and Chief Monetary Economist at Cumberland Advisers, and Bloomberg News Bond Reporter Alex Harris, recap Fed Chairman Jay Powell's press conference. And we Drive to the Close with David Rosenberg, Chief Economist & Strategist at Gluskin Sheff. Hosts: Jason Kelly and Paul Sweeney. Producer: Paul Brennan Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
The Federal Reserve raised borrowing costs for the fourth time this year, ignoring a stock-market selloff and defying pressure from President Donald Trump, while dialing back projections for interest rates and economic growth in 2019. We break down the news and market reaction with Bloomberg News Global Economics and Policy Editor Kathleen Hays, Bloomberg Stocks Editor Dave Wilson, Frances Donald, Senior Economist at Manulife Asset Management, Jeffrey Cleveland Chief Economist at Payden & Rygel, Steve Blitz, Chief U.S. Economist at TS Lombard, Alex Harris, Bloomberg News Bond Reporter and Jeff Krumpelman, Chief Investment Strategist at Mariner Wealth Advisors. Hosts: Carol Massar and Jason Kelly. Producer: Paul Brennan Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Randy Anderson, Chief Economist at Griffin Capital, and Frances Donald, Head of Macroeconomic Strategy at Manulife Asset Management, discuss Federal Reserve officials raising interest rates for a third time this year and reaffirmed their outlook for further gradual hikes well into 2019. Alex Harris, Bloomberg News Bond Reporter, breaks down Fed Chair Jay Powell's post decision news conference. And we Drive to the Close of the market with Ryan Detrick, Senior Market Strategist for LPL Financial. Hosts: Carol Massar and Jason Kelly. Producer: Paul Brennan Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Chris Flavelle, Bloomberg News Climate and Adaptation Reporter, reports on the historic rainfall in North Carolina brought on by Hurricane Florence. Shahab Jalinoos, Credit Suisse Global Head of FX Trading Strategy, says dispersion is "the name of the game" in currency performance. Mike Mayo, Wells Fargo Securities Senior Analyst, thinks banks are less susceptible to cycles than in the past. Frances Donald, Manulife Asset Management Head of Macroeconomic Strategy, is concerned about 2020 based on fiscal numbers. Michael Phelps, Olympic Gold Medalist & Colgate Global Ambassador, tells Tom and Pimm how they can reduce their water waste. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Alex Harris, Bloomberg News Bond Reporter, and Frances Donald, Head of Macro Economic Strategy at Manulife Asset Management, discuss Fed officials saying they're ready to raise interest rates again, as long as the economy stays healthy.Greg Farrell, Bloomberg News Investigations Reporter, and Bloomberg News Legal Reporter Andrew Harris, talk about whether President Trump will pardon Paul Manafort. Michael Sasso, Bloomberg Businessweek Economy Reporter, explains why China is buying U.S. factories for their trash. And we Drive to the Close of the market with Bill Smead, CEO at Smead Capital Management. Hosts: Jason Kelly and Taylor Riggs. Producer: Paul Brennan Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Carol is joined by Nico Grant, Bloomberg News Tech Reporter, and Cody Acree, Analyst at Loop Capital, to discuss Broadcom taking a hit for acquisition of CA Technologies for $18.9 billion. Frances Donald, Head of Macro Economic Strategy at Manulife Asset Management, talks about why trade tensions are now becoming economically important. Greg Portell, Partner at A.T. Kearney, breaks down media mergers news, including Disney and Comcast fighting for Fox. Julie Verhage, Bloomberg News Fintech Reporter, and Eric Newcomer, Bloomberg News Startup Reporter, explain that Uber is now accepting Venmo payments from riders. And we Drive to the Close with Eric Clark, Portfolio Manager at Accuvest Global Advisors. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Guy Johnson, Bloomberg Television, recaps his exclusive interview with Turkey's Prime Minister Erdogan. *AND* Phoenix Kalen, Societe Generale Director of Emerging Markets Strategy, says (if) Turkey's central bank fails to 'step in' crisis could reach a tipping point. Frances Donald, Manulife Asset Management Senior Economist, says that this morning's data suggests that Q2 is going to be the comeback kid that we hoped it would be. Ryan Prete, Bloomberg Government State Tax Reporter, says that after yesterday's sports betting ruling, states will want to take steps to ensure they get a piece of this untapped profit. Brooke Lampley, Sotheby's Fine Art Division Vice Chairman, discusses the importance of the collector in creating context after Sotheby's $157M sale of a Modigliani nude. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Listen to our special guests from Manulife Asset Management
John Ryding, Founder of RDQ Economics, thinks the stimulus we're getting is pretty unprecedented. Gideon Rose, Foreign Affairs Magazine Editor, says we're getting a global lesson in comparative politics right now. Frances Donald, Manulife Asset Management Senior Economist, says to pay attention to the retail sales number. Bill Rhodes, Citigroup Former Vice Chairman, thinks some investors have gone overboard because they didn't want to be left out. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Frances Donald, Senior Economist at Manulife Asset Management and Chief Economist at John Hancock Financial Services, explains to Jason the changes in consumer, investor, and executive sentiment numbers in the home and job market. While we don't know exactly why the economic is experiencing such a resurgence, Frances does attribute at least some of it to the potential policy changes Trump is looking to bring. Frances and Jason also discuss pent up real estate demand, and how student loan debt is impacting that. Key Takeaways: [0:57] Investor sentiment gives a positive outlook for the US economy [3:39] Is Trump the cause of the economic forecast? [4:56] Rising interest rates present a challenge for the housing market [7:57] Trump is inspiring confidence in companies all across the country [9:38] Real estate investment is a small part of the total economy [14:30] There are two true drivers of rental housing [16:47] The housing and rental markets are not currently in their natural order [20:26] The importance of demographics in relation to wage growth Websites: www.JohnHancock.com @FrancesDonald There are fewer multipliers to growth from a rental market than there are from a housing market.
Frances Donald, Senior Economist at Manulife Asset Management and Chief Economist at John Hancock Financial Services is today's guest. Jason Hartman and Frances discuss consumer, investor, and executive sentiment numbers in the home and job market. While we don't know exactly why the economic is experiencing such a resurgence, Frances does attribute at least some of it to the potential policy changes Trump is looking to bring. Frances and Jason also discuss pent up real estate demand, and how student loan debt is impacting that. Key Takeaways: [1:12] Investor sentiment gives a positive outlook for the US economy [3:54] Is Trump the cause of the economic forecast? [5:11] Rising interest rates present a challenge for the housing market [8:12] Trump is inspiring confidence in companies all across the country [9:53] Real estate investment is a small part of the total economy [14:30] There are two true drivers of rental housing [17:02] The housing and rental markets are not currently in their natural order [20:41] The importance of demographics in relation to wage growth Websites: www.JohnHancock.com @FrancesDonald There are fewer multipliers to growth from a rental market than there are from a housing market.
Jason Hartman talks with Frances Donald, Senior Economist at Manulife Asset Management and Chief Economist at John Hancock Financial Services. The two discuss consumer, investor, and executive sentiment numbers in the home and job market. Frances can't say for certain whether or not Trump is the reason behind the economic resurgence, but she does believe Trump's potential policy changes are the reason behind the stock market rally. Frances and Jason also discuss how the real estate market still has pent up demand despite growing student loan debt and young people being unable to buy homes. Key Takeaways: [1:12] Investor sentiment gives a positive outlook for the US economy [3:54] Is Trump the cause of the economic forecast? [5:11] Rising interest rates present a challenge for the housing market [8:12] Trump is inspiring confidence in companies all across the country [9:53] Real estate investment is a small part of the total economy [14:30] There are two true drivers of rental housing [17:02] The housing and rental markets are not currently in their natural order [20:41] The importance of demographics in relation to wage growth Websites: www.JohnHancock.com @FrancesDonald There are fewer multipliers to growth from a rental market than there are from a housing market.
Finally an economist talks about some new, positive stuff! Jason welcomes guest expert, Frances Donald the Senior Economist at Manulife Asset Management and Chief Economist at John Hancock Financial Services. Frances is a wealth of information as she shares CEO, consumer and investor sentiment numbers with regards to the housing market and the job market. Jason can't seem to pin Frances down on whether or not Trump, our first real estate president, is responsible for the growing economy but she does acknowledge the stock market is rallying based on the promised policy changes. Frances says despite student loan debt and banks being reluctant to give mortgage loans to younger people the pent up demand leaves room to run in the real estate market. Key Takeaways: [4:42] Frances has a positive outlook for the U.S. economy based on the investor sentiment survey. [7:24] Does Trump deserve credit for the good economic forecast? [8:41] The challenge for the housing market moving forward is that interest rates are moving up. [11:42] Companies large and small are feeling more optimistic with Trump as president. [13:23] Residential investment or housing is a small percent of the total economy. [18:00] Frances Donald shares the two drivers of rental housing. [20:32] The natural relationship between housing and rentals is currently broken. [24:11] Wage growth and how it relates to demographics. Mentioned in This Episode: Jason Hartman Real Estate Tools John Hancock @francesdonald on Twitter
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