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Andrew Walworth, Tom Bevan and Carl Cannon discuss the state of negotiations over Ukraine's mineral rights, as well as the larger effort by the Trump administration to end the fighting in Ukraine. They also talk about a new TikTok interview with historian Victor Davis Hansen, who argues that Trump represents a return to “normalcy,” not a radical departure from political norms and what may be the next targets for the Department of Government Efficiency: public broadcasting, which has been losing audience to cable, satellite and web video services for decades, and the US Post Office, which faces increasing competition from private delivery services. Then lastly, Tom Bevan talks with Kevin Warsh of the Hoover Institution about inflation and the Federal Reserve. Warsh served as a member of the Board of Governors of the Federal Reserve from 2006 until 2011, and is often named as a leading contender to replace Jerome Powell as Fed Chairman.
Carl Quintanilla, Jim Cramer and David Faber discussed what to make of certain stocks going parabolic. Jim offered words of wisdom when it comes to searching for the next Nvidia. The Trump transition in the spotlight: The President-elect reportedly floated the idea of choosing former Fed governor Kevin Warsh as Treasury Secretary, and later nominating him to succeed Jerome Powell as Fed Chair. The anchors reacted to Citadel CEO Ken Griffin's comments about tariff risks. Also in focus: Gap and Ross Stores jump on earnings and holiday season guidance, Amazon to invest an additional $4 billion in Anthropic, OpenAI vs. Google, dueling magazine covers featuring Elon Musk. Squawk on the Street Disclaimer
US stocks ultimately finished higher with APAC mostly sustaining this momentum though China laggedDXY contained but remains above 107.00, EUR below 1.05 and Cable near 1.2550Fixed benchmarks are firmer but only modestly so as we await Flash PMIsCrude underpinned by ongoing geopolitical tensions as Russia fired a new medium-range ballistic missileUS President-elect Trump considers Kevin Warsh to serve as Treasury Secretary and then Fed Chair, via WSJLooking ahead, highlights include EZ, UK & US PMIs, UK Retail Sales, Speakers including ECB's Lagarde, Nagel, Villeroy, de Guindos & Schnabel, SNB's Schlegel & Fed's BowmanClick for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Nossos sócios Luis André Oliveira, Sarah Campos e Yara Cordeiro debatem, no episódio de hoje, os principais acontecimentos da semana no Brasil e no mundo. No cenário internacional, foram divulgados dados de atividade (PMIs) de diversos países, reforçando a divergência entre os Estados Unidos e o restante do mundo, especialmente a Europa, onde as 2 maiores economias (França e Alemanha) foram as principais forças baixistas. Novos nomes para o governo Trump foram veiculados, havendo a expectativa que Scott Bessent ou Kevin Warsh assumam o cargo de secretário do Tesouro. Por fim, houve intensificação dos ataques entre Rússia e Ucrânia, com elevação do tom das ameaças. No Brasil, não houve divulgação de dados econômicos relevantes, estando as atenções voltadas para o pacote de corte de gastos, cuja divulgação foi novamente adiada. No podcast, abordamos mais detalhes sobre as medidas que estão sendo debatidas. Nos EUA, os juros curtos abriram ao redor de 8 bps, enquanto os juros mais longos fecharam perto da estabilidade; e as bolsas tiveram bom desempenho – S&P500 +1,68%, Nasdaq +1,87% e Russell2000 +4,30%. No Brasil, os juros tiveram comportamento similar, e o Ibovespa subiu 0,91%. O euro desvalorizou 1,19%. O destaque da semana foi o petróleo, que subiu 6,46%, refletindo os avanços da guerra e os rumores sobre possível postergação de aumento de oferta pela OPEP. A Petrobras, diante desse cenário e com plano estratégico tendo sido bem recebido pelo mercado, subiu 5,58%. Na próxima semana será importante acompanhar a divulgação de dados de inflação nos EUA, na Europa, no Japão e no Brasil, além de dados de mercado de trabalho por aqui. Não deixe de conferir!
The TDS has spread around the world! Biden unleashes the ATACMS to be used inside Russian territory. Is this a strategic undermining of Trump, an attempt to kick start WWIII, or is there even a more plausible explanation? Zelensky broadcasts he knows the war is soon drawing to an end, Will he come out ahead or will he be forever the manchild that fell for the Wests dirty tricks? Underwater Comm cables are being cut between Finland and Germany, ABBA and 1980s Berlin Punk fans are furious. The Country of Georgia is in a state of public conflict as Russia and Europe race to see who can play their fiddle the best. We walk through a few tips on surviving the Broligarchy and all the drama surrounding the cabinet picks. DON’T KISS THE RING! RESIST! DON’T NORMALIZE TRUMP! Get your anti-Trump propaganda mantra trending on Bluesky today! ART: SurveyorJose Trump dances to victory Executive Producer of MMO #146: Trashman, The Finest this world has to offer Fiat Fun Coupon Donators: Patrick S. Boobs and Beer Tom from Wyoming Anon, you know how you are! Hempress Emily M. This weeks Boosters: trailchicken | 3,333 | BAG DADDY BOOSTER! Boolysteed | 2,222 chadtoshi | 169 jasper89 | 145 Shownotes Ep 146 GOOD NEWS NOTRE DAME Ukraine GMA Long Range Missiles Coverage ATACMS We Did Lavrov ATACMS response Germany Finland Cable C-Lion1 Georgia WION Report on Georgia Election Protests Treasury Kevin Warsh on Stanford School of Business Podcast AG (Matt Gaetz) FOX Breaking Gaetz Hack CBS Report on Gaetz Hack NBC Report on Gaetz Hack Gaetz on Epstein Other Appointments CBS Warrior Board Brendan Carr FCC CBS World News Tonight Other Appointments Australia CBDC Age Verification in Australia
Donald Trump has been quickly filling his cabinet and senior administration positions with a flurry of nominations to his cabinet. The key members of his economics team are still unclear, however. On Tuesday we learned Howard Lutnick will be nominated for Commerce Secretary, taking him out of the contest for Treasury, where the names of Scott Besent, Kevin Warsh, and Marc Rowan continue to circulate. Who will get the top jobs and what will they mean for economic policy in the second Trump term? On this episode of the Free Expression podcast, Fox Business host and former chairman of the National Economic Council Larry Kudlow discusses with Gerry Baker the Trump economic policy team, and explains why he decided not to pursue being Treasury Secretary himself after meeting with Donald Trump, why extending the Trump tax cuts will be the “first order of business” when the new administration takes over, and why tariffs are the way to fix a broken global trading system. Learn more about your ad choices. Visit megaphone.fm/adchoices
De Amerikaanse staat Pennsylvania overweegt het aanleggen van een eigen strategische bitcoinreserve. Een wetsvoorstel om dit mogelijk te maken ligt momenteel bij het Huis van Afgevaardigden. Daarmee voegt Pennsylvania zich mogelijk bij een groeiende lijst van Amerikaanse staten die experimenteren met crypto-initiatieven, waaronder Florida, Wisconsin en Michigan. Pensioenfondsen in deze staten hebben al voorzichtig posities in Bitcoin ingenomen, wat de interesse van lokale overheden verder lijkt aan te wakkeren. Deze ontwikkelingen spelen zich af tegen de achtergrond van de recente verkiezing van Donald Trump als president. Trump heeft herhaaldelijk gesproken over een nationale bitcoinreserve, waarbij hij suggereerde dat de 200.000 in beslag genomen Bitcoin van de overheid de basis zouden kunnen vormen. Senator Cynthia Lummis uit Wyoming wil nog verder gaan en heeft plannen aangekondigd om die reserve fors uit te breiden. Dit alles benadrukt de groeiende rol van Bitcoin in de Amerikaanse politiek. Ondertussen klinken er steeds meer geruchten over het mogelijke ontslag van SEC-voorzitter Gary Gensler. Trump heeft eerder aangegeven dat hij Gensler op zijn eerste werkdag als president zou willen ontslaan. Het is echter nog onduidelijk wie zijn opvolger zou worden, mocht dat daadwerkelijk gebeuren. Naast een nieuwe leiding bij de SEC is ook de positie van minister van Financiën van groot belang voor de cryptosector. Namen als Kevin Warsh, Scott Bessent, Marc Rowan en Howard Lutnick worden genoemd als mogelijke kandidaten voor deze sleutelpositie in Trumps nieuwe kabinet. Op de markt zelf blijft Bitcoin zich bewegen binnen een smalle bandbreedte na de spectaculaire stijging van vorige week, waarbij het een piek bereikte van 93.500 dollar. Ondertussen heeft Michael Saylor, oprichter van Microstrategy, nog eens voor 4,6 miljard dollar aan Bitcoin gekocht. Dit past in zijn langetermijnstrategie, die hij het ‘21/21-plan' noemt. Het idee is om tegen 2025 minimaal 21 miljoen Bitcoin te bezitten of beheren via investeringsvehikels, een strategie die navolging lijkt te krijgen van andere bedrijven. De bredere cryptomarkt doet vrolijk mee, met forse stijgingen in altcoins zoals Solana, XRP en zelfs memecoins. Op macro-economisch niveau zien we signalen van een draai in het sentiment: met centrale banken die mogelijk minder renteverlagingen doorvoeren, kan dat ook gevolgen hebben voor de huidige marktdynamiek. Gasten Remy van der Nagel Links Pennsylvania denkt aan bitcoinreserve De zoektocht naar minister van Financiën Host Daniël Mol Redactie Daniël MolSee omnystudio.com/listener for privacy information.
A proposito di Sud America, giovedì il presidente cinese Xi Jinping e quella peruviana Dina Boluarte hanno inaugurato un enorme porto nella città di Chancay, una piccola città poco a nord della capitale Lima. L'infrastruttura è stata finanziata con 1,3 miliardi di dollari dalla Cina su un totale di 3,5 miliardi, con l'obiettivo di agevolare il commercio diretto con l America Latina tramite l'Oceano Pacifico: Xi e Boluarte hanno anche firmato l'estensione dell accordo di libero scambio tra i due paesi. Un mega-porto cinese in Perù, per la precisione a Chancay, testimonianza della prospettiva sempre più globale ed extra-asiatica dell espansionismo logistico cinese, che sotto il cappello della famigerata Belt and Road Initiative procede a ritmo spedito (o quantomeno porta a termine progetti avviati in precedenza, come in questo caso). Approfondiamo il tema con Giovanni Tria, Professore Onorario di Economia, Università di Roma Tor Vergata.Al via il vertice del G20 di Rio de JaneiroÈ iniziata oggi la prima sessione di lavori del vertice dl G20 di Rio de Janeiro dedicata alla discussione dell'Alleanza per la lotta contro la fame e la povertà, bandiera della presidenza brasiliana di Luiz Inacio Lula da Silva. Il progetto - che mira a sradicare la fame e la povertà nel mondo entro il 2030 - si propone di sviluppare e finanziare politiche per combattere la malnutrizione con modelli diversi per ogni regione del mondo. L'accordo ha già incassato la firma di 81 paesi dei cinque continenti, all'Unione Europea e all'Unione Africana, nove istituzioni finanziarie globali e 31 Ong di tutto il mondo. In attesa che parli presidente del Consiglio Giorgia Meloni (alle 16.10 è iniziato un bilaterale con Lula), da Rio ha parlato il ministro dell'economia Giorgetti che ha ricordato come sulla manovra "stiamo meglio di Francia e Germania". Per il ministro: "Certamente stiamo meglio del mio collega francese che gliel'hanno bocciata, del tedesco che manco l'ha presentata. A Landini che dice che siamo autoritari ma noi siamo molti più rispettosi del Parlamento di Francia e Germania, mettiamola così". Ne parliamo con Vincenzo Miglietta, Radiocor.Trump e le nomine chiave al tesoro e alla Federal ReserveSi allarga la cerchia dei pretendenti alla carica di segretario al Tesoro statunitense della prossima amministrazione Trump. Secondo il Financial Times, il presidente eletto starebbe valutando altri profili, oltre a quelli emersi pubblicamente subito dopo la sua vittoria. Restano in prima fila Scott Bessent, che è già uno dei consiglieri economici più importanti di Trump, e Howard Lutnick, copresidente del team per la transizione presidenziale. Secondo fonti vicine al presidente eletto, altre tre persone sarebbero entrate nella cerchia dei pretendenti: Kevin Warsh, ex governatore della Federal Reserve; Marc Rowan, Ceo di Apollo Global Management, e Bill Hagerty, senatore del Tennessee. Approfondiamo il tema con Alessandro Plateroti, Direttore Newsmondo.it.
RenMac discusses the process of price discovery in the political prediction markets, the current state of the horserace, the outlook for employment, why Kevin Warsh is off-base in his criticism of the Fed's September decision, and market seasonality.
Former Fed board governor Kevin Warsh thinks the Fed's signaling of rate cuts this year prematurely loosened financial conditions, making its own job of bringing inflation back to 2% harder.
Ben and Tom discuss earnings from CVS, CINF, Chipotle, and SNAP, the streaming sports app deal between Disney/Fox/WB, and takeaways from an evening with Kevin Warsh. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures:https://www.narwhalcapital.com/disclosure
On this episode of 3 More Questions, you'll hear David Novak's answers to: Which leaders have been instrumental to your growth and development and what'd they teach you? Has there been a time when you've had so much conviction about a decision only to rethink it? Have you ever gone public about something controversial? And should you do that as a leader of a business in the first place? ... BONUS RESOURCE: To gain confidence as a leader, you need a plan for tackling common leadership challenges. My new online course "Taking People With You" will give you practical ways you can resolve issues and keep your team moving forward toward your biggest goals. Get free access here — https://howleaderslead.com/courses/
Today's guest is Kevin Warsh, a brilliant economist who served on the Federal Reserve board of governors during the 2008 financial crisis. In this episode, you'll get his powerful insights into our current economic climate. These are trends every business leader needs to be aware of right now. But there's an even bigger insight for you here, too. When you ask Kevin about his success, he is quick to give credit to the other leaders he's worked for. That's how he's grown his own leadership skills. That's a must-have mindset for any leader. We've got to actively pay attention to the leaders around us and learn from them. Whether you've got a boss who's fantastic … or whether you don't … you've still got a huge opportunity either to adopt or avoid the strategies you see other leaders using. And this episode will help you do just that! You'll also learn: How to deal with doubters – especially if you're younger than those you lead What we can learn from the 2008 economic crisis (and why it matters right now) The strength of a team that (respectfully) disagrees with each other A powerful framework to analyze big trends in order to make sound decisions What it's like to walk into the Oval Office and interview to be Fed Chair
JPMorgan is advising First Republic on strategic alternatives, after JPM and 10 other banks announced a $30B deposit into the embattled bank. Treasury Secretary Janet Yellen lauded the move, but told lawmakers that the government would not refund all uninsured deposits for every bank that fails. The Federal Reserve begins a critical two-day policy meeting; former Fed Governor Kevin Warsh discusses the central bank's options to hike, pause, or pivot, and he argues that a time-out is in order. High profile tweeters like Elon Musk and Bill Ackman are also weighing in. Plus, sports merchandising, betting, and collectibles company Fanatics has scored a new deal with the National Hockey League. NHL Commissioner Gary Bettman joins Fanatics CEO Michael Rubin to discuss the outfitting deal and the future of live sports. Spoiler: sports streaming isn't off the table for Fanatics–at least in the long term. In this episode:Michael Rubin, @michaelrubinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie
Cryptocurrency is increasing in popularity but still confusing to many consumers and finance professionals alike. On this episode of All Else Equal, finance professors Jules van Binsbergen and Jonathan Berk admit they don't understand why some central banks are introducing digital currencies and why there would be need in our economic system.To help answer these questions they speak with Kevin Warsh, a former governor for the Federal Reserve and current Visiting Fellow at the Hoover Institute at the Stanford School of Business. Kevin makes the case for regulating crypto currencies and what that would look like, and says the recent collapse of FTX, the world's largest crypto currency exchanges, is not an indicator of this being a failing currency. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
John Cogan and Kevin Warsh are both Senior Fellows at the Hoover Institution who have spent the careers in and out of government trying to make it more efficient and cost effective. On this show, they discuss their newest white paper, Reinvigorating Economic Governance: Advancing a New Framework for American Prosperity, which is intended to provide a framework to revitalize the governance of economic policy based on our nation's foundational system of natural liberty. In addition, they also discuss why liberating the power of the individual, and encouraging the promulgation and dissemination of new ideas, and ensure the fidelity of institutions to their mission, then the United States should significantly improve its economic performance and serve as a more formidable force in the world.
The Reserve Bank of Australia has allegedly made some bad calls in recent years and now the Australian Treasurer has commissioned a major review. This episode's guest, Dr Peter Tulip of the Centre for Independent Studies, has long pushed for a review of the RBA. Peter, a former RBA and US Fed economist, thinks the RBA can learn from other central banks such as the Fed and Sweden's Riksbank, and it can avoid future bad policy decisions which cost hundreds of thousands of jobs. About this episode's guest - Dr Peter TulipPeter Tulip is the Chief Economist at the Centre for Independent Studies, a leading Australian think tank. Peter has previously worked in the Research Department of the Reserve Bank of Australia and, before that, at the US Federal Reserve Board of Governors. He has a PhD from the University of Pennsylvania.Peter's twitter handle: @peter_tulip Links relevant to the conversationPeter's previous appearance on Economics Explored:https://economicsexplored.com/2022/04/11/the-high-cost-of-housing-and-what-to-do-about-it-w-peter-tulip-cis-ep134/Australian Treasurer's 20 July 2022 announcement of RBA review:https://ministers.treasury.gov.au/ministers/jim-chalmers-2022/media-releases/review-reserve-bankPeter's CIS paper on the RBA:https://www.cis.org.au/publication/structural-reform-of-the-reserve-bank-of-australia/Kevin Warsh's review of the Bank of England Monetary Policy Committee:https://www.hoover.org/sites/default/files/transparency_and_the_bank_of_englands_monetary_policy_committee.pdfThis is the 2010 Statement on the Conduct of Monetary Policy that Peter refers to at the end of the episode:https://www.rba.gov.au/monetary-policy/framework/stmt-conduct-mp-5-30092010.htmlThis is the most recent statement:https://www.rba.gov.au/monetary-policy/framework/stmt-conduct-mp-7-2016-09-19.htmlCreditsThanks to the show's audio engineer Josh Crotts for his assistance in producing the episode and to the show's sponsor, Gene's consultancy business www.adepteconomics.com.au. Please consider signing up to receive our email updates and to access our e-book Top Ten Insights from Economics at www.economicsexplored.com. Also, please get in touch with any questions, comments and suggestions by emailing us at contact@economicsexplored.com or sending a voice message via https://www.speakpipe.com/economicsexplored. Economics Explored is available via Apple Podcasts, Google Podcast, and other podcasting platforms.
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Today on the Larry Kudlow Show: Larry talks with a number of very special guests about big government socialism, supply-side tax cuts, teachers on strike, wage hikes, and emphasizes to kill the bill! Guests include: Michael Goodwin, Kevin Warsh, Scott Rasmussen, Bjorn Lomborg, Tyler Goodspeed, Michelle Girard, Jim LaCamp, Liz Peek, and Steve Moore.
Today on the Larry Kudlow Show: Larry talks with a number of very special guests about big government socialism, supply-side tax cuts, teachers on strike, wage hikes, and emphasizes to kill the bill! Guests include: Michael Goodwin, Kevin Warsh, Scott Rasmussen, Bjorn Lomborg, Tyler Goodspeed, Michelle Girard, Jim LaCamp, Liz Peek, and Steve Moore.
Larry Kudlow interviews Kevin Warsh on his show on January 8, 2022.
Larry Kudlow interviews Kevin Warsh on his show on January 8, 2022.
On this episode of Keiser Report, Max and Stacy look at the WSJ editorial by a former Fed governor, Kevin Warsh, pointing his finger at the central bank for causing inflation. In the second half, Max chats to Mish Shedlock of MishTalk.com about inflation and its causes.
In 2006, after a stellar career as a financier and economist in the US, Kevin Warsh was elevated to the highest level of banking globally when he was appointed to the US Federal Reserve Board. Within two years, the world was plunged into a global financial crisis. Now, 12 years on, another global crisis has been triggered by COVID. Kevin shares his remarkable insights into the role of central banks during times of financial turmoil, and the significant knock-on effect for investors, with Magellan’s Chairman and Chief Investment Officer, Hamish Douglass.
In the words of former FOMC Governor, Kevin Warsh, “If you’ve seen one financial crisis, you’ve seen one financial crisis”. The uniqueness of shocks makes this so and the result is that policymakers need to constantly innovate in their response to episodes of heightened uncertainty. Now a visiting scholar at the Hoover Institute, Kevin shares with me his perspective on the pandemic of 2020, evaluating the mix of forces that brought the VIX to a new time high even as the Treasury market nearly imploded. Kevin’s experience on the FOMC during the global financial crisis has taught him lessons about the institutional realities of crisis firefighting: in the moment, a central bank may be left with few good options and be forced to use controversial measures to restore market functioning. In Kevin’s rendering, what’s more important is the set of reforms pursued by a central bank between crisis events that matters most and here the Fed may not have done enough in the decade between the GFC and the pandemic. We end on an optimistic note, with Kevin expressing confidence that the US will get it right and the dynamism that characterizes the economy will again emerge. I hope you enjoy this episode of the Alpha Exchange as much as I did, my conversation with Kevin Warsh.
Kevin Warsh, Former Federal Reserve Governor, says the Fed acted with overwhelming force to shelter the U.S. economy from Covid-19. Richard Haass, CFR President, says American alliances may not survive a two-term Trump presidency. Edward Morse, Citigroup Global Head of Commodity Research, says supply actions will continue to dominate the oil market. Julia Coronado, Macropolicy Perspectives Founder, says the Fed's forecast of 10% unemployment by year's end is not unreasonable. Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, says the rate of change in equity markets will continue to be positive for the rest of the year. Barry Eichengreen, University of California Berkeley Professor, Barry Eichengreen, University of California Berkeley Professor, discuses “the political scar of epidemics." Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Kevin Warsh, Former Federal Reserve Governor, says the Fed acted with overwhelming force to shelter the U.S. economy from Covid-19. Richard Haass, CFR President, says American alliances may not survive a two-term Trump presidency. Edward Morse, Citigroup Global Head of Commodity Research, says supply actions will continue to dominate the oil market. Julia Coronado, Macropolicy Perspectives Founder, says the Fed's forecast of 10% unemployment by year's end is not unreasonable. Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, says the rate of change in equity markets will continue to be positive for the rest of the year. Barry Eichengreen, University of California Berkeley Professor, Barry Eichengreen, University of California Berkeley Professor, discuses “the political scar of epidemics."
What matters? Well, New York City for one. We get to that topic towards the end of this show, but prior to that we visit first with economist Kevin Warsh of the Hoover Institution. He has a lot to say about humongous stimulus packages, Congress, the role of China in this thing, and what the Fed should and shouldn't be doing. Then, newly minted Ricochet podcaster and chip the old block Spencer... Source
What matters? Well, New York City for one. We get to that topic towards the end of this show, but prior to that we visit first with economist Kevin Warsh of the Hoover Institution. He has a lot to say about humongous stimulus packages, Congress, the role of China in this thing, and what the […]Sponsored by Express VPN, Freshly, Laurel Springs School Join the conversation and comment on this podcast episode: https://ricochet.com/podcast/ricochet-podcast/it-matters/.Now become a Ricochet member for only $5.00 a month! Join and see what you’ve been missing: https://ricochet.com/membership/.Subscribe to Ricochet Podcast in Apple Podcasts (and leave a 5-star review, please!), or by RSS feed. For all our podcasts in one place, subscribe to the Ricochet Audio Network Superfeed in Apple Podcasts or by RSS feed.
Historic market and econmic volatility from the coronovirus crisis. Originally aired on SiriusXM on May 16, 2020.
Kevin Warsh discusses similarities and differences between the current COVID-19-related economic volatility and past economic crises. He offers his perspective on the types of recovery the United States could expect (“W”—not a “U” or a “V”) and why, even in the best of times, there is so much less economic certainty than we believe.
Recorded March 24, 2020, 11AM PST Hoover Institution Fellow Kevin Warsh provides a briefing on the COVID-19 pandemic and how it is affecting the US economy. The Hoover Institution presents an online virtual briefing series on pressing policy issues, including health care, the economy, democratic governance, and national security. Briefings will include thoughtful and informed analysis from our top scholars. ABOUT THE FELLOW Kevin Warsh serves as the Shepard Family Distinguished Visiting Fellow in Economics at the Hoover Institution and lecturer at the Stanford Graduate School of Business. To receive notifications about upcoming briefings, please sign up by clicking here: http://eepurl.com/gXjSSb.
Kevin Warsh, Jason Furman and Laurence Boone join a wide-ranging panel discussion with Breakingviews to size up the global monetary and fiscal responses to the economic lockdowns enforced to halt the spread of Covid-19; and to map out a recovery back to something like normal. See acast.com/privacy for privacy and opt-out information.
Dr. Scott Gottlieb considers the next steps in the U.S. response to pandemic, including a nation-wide tech strategy for Covid-19 screenings. The Federal Reserve has employed billions to buoy the American economy, and it still has more work to do, according to former Federal Reserve Governor, Kevin Warsh. Learn more about your ad choices. Visit megaphone.fm/adchoices
Recorded on September 28, 2018 Ten years ago, the worst financial crisis since the Great Depression hit the United States and spread to other countries, including the United Kingdom. Here to discuss what happened then and where the world is now are former Federal Reserve governor Kevin Warsh and former chancellor of the exchequer George Osborne. Kevin Warsh and George Osborne discuss the 2008 financial crisis, how they dealt with it at the time, what they would have done differently, and whether the economy is headed toward another downturn. Warsh discusses how the United States failed to realize how bad the crisis was until it was already too late. The crisis had a huge impact on Europe and the United States and set off a global panic. However, within two years the economy was already growing by 2 percent and the quantitative easing used by the Fed was no longer needed as the world changed. Warsh and Osborne analyze the state of the US and UK economies today and the trade war with China. They argue that there are two ways to approach China: either try to contain it or co-opt it. Innovation and growth in the United States are necessary to prevent China from gaining more purchasing power and greater influence on the international market. Osborne analyzes the effects Brexit could have on the single market and trade with the UK’s geographically closest trading partner, France, and airs his concerns about what Brexit means for the UK’s future. He argues that Margaret Thatcher, who helped create the single market in the EU, would never have voted to leave it. While a future financial crisis is always possible, Warsh and Osborne end on optimistic notes: that there is still room for growth in the two countries’ economies and that a better financial future for many Americans and British is still possible through good economic policies, including lower taxes and less regulation.
Kevin Warsh, former Federal Reserve governor and distinguished fellow at the Hoover Institution, pays Grant’s a visit to discuss the state of the world and markets. 1:55 Making sense of the move in bond yields 6:20 The Fed and the market. Who’s in charge? 11:41 Generation-length trends in interest rates 20:07 David Hume, corporate profits and interest rates 23:23 The evolution of money Subscribe to the Grant's Current Yield Podcast on iTunes, Stitcher, iHeart Radio, Google Play Music or listen from our website, www.grantspub.com
Former senior economic adviser to President Bush and current Hoover fellow Kevin Warsh was in the running to become the next Federal Reserve chairman in 2017. Warsh shares insights from his interview with President Trump for the job, his take on interest rates, the state of the Republican Party and job growth.
Trump's excellent tax speech. 3% growth, 15% biz rate. Link biz tax cuts to wage-earners. Simplification. Middle class. Working people. Deductions end for top earners. End war against investment, biz & success. End class warfare. Supply-side. Details in few weeks. Policy baseline gives $500b cushion. Growth pay-for. Funding Harvey-Fema? Emergency Supp? CR? $200b? Debt limit (gold)? Big support for Trump tax cuts in Trump states. McCaskill, Donnelly, Mansion, Heitkamp. Under pressure. Kevin Warsh takes Fed lead in predictit betting markets. Wonderful oil traders story in Texas. Profits, rescues, contributions. Oil/gasoline impact? Is Gold about to break out? Debt limit fears? Solid but not spectacular jobs. No Fed till year end (maybe). Soft wages, easing inflation, Harvey. Inflation tax cut. Profits booming. Discounted present value model shows stock rally continues. Roger Stone: Making of President 2016. McMaster out. Tough on Bannon. Medical marijuana. Trump/Kelly new team. Trump drafted letter to fire Comey. Did Comey exonerate Hillary before investigation finished?
Trump's Gettysburg speech: blunt & clear on tax cuts v. tax hikes. Prosperity v. recession. JFK, Reagan, (Bill Clinton). If Hillary's tax and spend, Obama 3.0, was going to work, it would have already worked. But it failed. Time for change. Please Mr. Trump, hold on to your defense of life, unborn, judges, Roe v. Wade to states. Gift from God. Is the race over? Still a path for Trump? Al Smith dinner: more incivility. Steve Bannon: vote-rigging, conspiracy Carlos Slim NYT, Jeff Bezos WAPO, get Paul Ryan? TV network w/ Trump? Trump ant-Nafta & immigration hurting in Arizona, NM, Colorado, Nevada. 32 electoral votes. McCain ok. George P. Shultz "Learning from Experience." Greatest living American. Kevin Warsh & LK. Write-in vote? Prof. Jeremy Siegel: Passive investing
Trump econ plan: Big tax cuts, 4% growth, optimism, JFK/Reagan tradition. Trump plan: is a strong Trump dollar coming? False econ? Fed politicizing low rates for Obama & Hillary? Trump surge in polls: Hillary health lie? More on emails? Deplorables? Trump issues, esp econ. Swing states shift to Trump. Law & Order, cops, black outreach, softer immigration. Will Fed raise rates? Former Fed governor Kevin Warsh on need for big Fed reforms. Fed Up left-wing reforms? Political Fed? Economic optimism fades: New numbers for August uniformly bad. No productivity, no biz investment Are stocks in trouble? Falling profits; no rebound likely. Why are bond yields rising?
This week on Kudlow and Pawlenty’s Money & Politics, Apple gets hit with a huge tax bill, Trump and immigration, it’s the same old Fed at Jackson Hole with some withering criticism from former Fed governor Kevin Warsh. Finally, Trump’s outreach to the Black community and the politics of political correctness.Sponsored by Casper, The Great Courses Join the conversation and comment on this podcast episode: https://ricochet.com/podcast/kudlow-pawlenty/fathers/.Now become a Ricochet member for only $5.00 a month! Join and see what you’ve been missing: https://ricochet.com/membership/.Subscribe to Money and Politics Podcast in Apple Podcasts (and leave a 5-star review, please!), or by RSS feed. For all our podcasts in one place, subscribe to the Ricochet Audio Network Superfeed in Apple Podcasts or by RSS feed.
Fed Jackson Hole meeting: Our money is a mess. Fed version of Davos, and just as liberal. Probably more harm than good for economy. Monetary natives are restless: From left, Dartmouth's Andrew Levin Fed-Up. Easy money, minority governors, reduce inequality. From right, former Fed governor Kevin Warsh blasts central bank. Veteran WSJ reporter Jon Hilsenrath blasts models and blames Fed for populism and public disillusionment. Other lib academics want 3-4% inflation that would ruin savers & investors. And conservative John Tamny wants to end Fed. Meanwhile economy 1.2% last 4 quarters in GDP revisions. Profits down y/y 5 straight quarters. Biz investment down again. Productivity down. Need to slash biz taxes across-the-board to revive econ, jobs, wages. Also deregulation. Obama-Care must go. Fed can produce money, but it cannot produce jobs. Need steady, reliable KingDollar to attract investment, raise confidence, keep prices stable. At 3% inflation, money value halves in 23.5 years. At 2% inflation, value halves in 35 years. Why not zero inflation? Ann Coulter book: "In Trump We Trust." But did Trump betray her on immigration? Can Trump still win? Losing in swing states. WSJ reporter Jay Solomon new book: "The Iran Wars: Spy Games, Bank Battles, Secret Deals That Reshaped Middle East." Supreme Leader Ali Khameini big winner. Why Trump tax plan is recovery winner, but Hillary's a recession loser. Want higher wages? Slash corp taxes. Stocks down on week. Fed? Profits?
GOP block Trump? Some RNC block block Trump. Hillary shaky favorite. GOP cave-in on budget: Cong Dave Brat Fix the Fed: former Fed Gov. Kevin Warsh. Fed pulls back from rate hikes. Stocks up 5th straight week. Shaky econ stats
Speakers: James McCaughan , CEO, Principal Global Investors. Cliff Noreen, President, Babson Capital Management LLC. Tad Rivelle, Chief Investment Officer, Fixed Income, TCW. Aram Shishmanian, CEO, World Gold Council. Kevin Warsh, Distinguished Visiting Fellow, Hoover Institution; Former Member, Federal Reserve Board of Governors. Moderator: David Zervos, Chief Market Strategist, Jefferies LLC. Among the monetary measures central banks have taken to address the lingering impact of the 2008 financial rupture, keeping interest rates artificially low has been a primary aim. The term "financial repression" has become associated with that policy. Such measures were launched in the hope of not only stimulating economic activity but to ease the pressure of servicing onerous public debt. Concern is growing, however, that quantitative easing has distorted markets by interfering with the proper pricing of risk and, by extension, obscuring the true cost of capital. Our panel of experts will explore the possible effects of sustained QE and the quest for financial stability. For instance, are bubbles inflating? Will these effects be similar or will they vary from market to market? What costs will long-tem financial repression impose on the Federal Reserve and other central banks? What tools can be employed as alternatives?