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Last week, the UK economy grappled with escalating global trade tensions. UK inflation eased more than expected in March, with headline Consumer Price Index (“CPI”) falling to 2.6% from 2.8%, fuelling expectations of a Bank of England (“BoE”) interest rate cut in May. Core and services inflation also edged lower, reinforcing the view that monetary policy may soon shift. Economists noted tariffs might prove disinflationary, especially with weaker domestic growth. Markets are now almost fully pricing in three rate cuts this year. However, policymakers face uncertainty, with BoE policymaker Megan Greene highlighting the unpredictable impact of US tariffs and dollar weakness on UK inflation. Labour market signals remained mixed: claimant count rose and payrolled employment fell, but job postings climbed 3.3%, business sentiment weakened, CFOs grew defensive and the Institute of Chartered Accountants in England and Wales (“ICAEW”) confidence turned negative...Stocks featured:Bunzl, Endeavour Mining and J SainsburyTo find out more about the investment management services offered by Walker Crips, please visit our website:https://www.walkercrips.co.uk/This podcast is intended to be Walker Crips Investment Management's own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority (FRN: 226344) and is a member of the London Stock Exchange. Hosted on Acast. See acast.com/privacy for more information.
Building a Nation at War: Building a Nation at War: Transnational Knowledge Networks and the Development of China during and after World War II (Harvard UP, 2022) argues that the Chinese Nationalist government's retreat inland during the Sino-Japanese War (1937–1945), its consequent need for inland resources, and its participation in new scientific and technical relationships with the United States led to fundamental changes in how the Nationalists engaged with science and technology as tools to promote development. The war catalyzed an emphasis on applied sciences, comprehensive economic planning, and development of scientific and technical human resources—all of which served the Nationalists' immediate and long-term goals. It created an opportunity for the Nationalists to extend control over inland China and over education and industry. It also provided opportunities for China to mobilize transnational networks of Chinese-Americans, Chinese in America, and the American government and businesses. These groups provided technical advice, ran training programs, and helped the Nationalists acquire manufactured goods and tools. J. Megan Greene shows how the Nationalists worked these programs to their advantage, even in situations where their American counterparts clearly had the upper hand. Finally, this book shows how, although American advisers and diplomats criticized China for harboring resources rather than putting them into winning the war against Japan, US industrial consultants were also strongly motivated by postwar goals. J. Megan Greene is Professor of History at the University of Kansas. Her field of study is the history of the Republic of China under the KMT both in China and on Taiwan. She is also the author of The Origins of the Developmental State in Taiwan: Science Policy and the Quest for Modernization (Harvard University Press, 2008), a study of industrial science policy in China and Taiwan under the KMT. Li-Ping Chen is a teaching fellow in the Department of East Asian Languages and Cultures at the University of Southern California. Her research interests include literary translingualism, diaspora, and nativism in Sinophone, inter-Asian, and transpacific contexts. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network
Building a Nation at War: Building a Nation at War: Transnational Knowledge Networks and the Development of China during and after World War II (Harvard UP, 2022) argues that the Chinese Nationalist government's retreat inland during the Sino-Japanese War (1937–1945), its consequent need for inland resources, and its participation in new scientific and technical relationships with the United States led to fundamental changes in how the Nationalists engaged with science and technology as tools to promote development. The war catalyzed an emphasis on applied sciences, comprehensive economic planning, and development of scientific and technical human resources—all of which served the Nationalists' immediate and long-term goals. It created an opportunity for the Nationalists to extend control over inland China and over education and industry. It also provided opportunities for China to mobilize transnational networks of Chinese-Americans, Chinese in America, and the American government and businesses. These groups provided technical advice, ran training programs, and helped the Nationalists acquire manufactured goods and tools. J. Megan Greene shows how the Nationalists worked these programs to their advantage, even in situations where their American counterparts clearly had the upper hand. Finally, this book shows how, although American advisers and diplomats criticized China for harboring resources rather than putting them into winning the war against Japan, US industrial consultants were also strongly motivated by postwar goals. J. Megan Greene is Professor of History at the University of Kansas. Her field of study is the history of the Republic of China under the KMT both in China and on Taiwan. She is also the author of The Origins of the Developmental State in Taiwan: Science Policy and the Quest for Modernization (Harvard University Press, 2008), a study of industrial science policy in China and Taiwan under the KMT. Li-Ping Chen is a teaching fellow in the Department of East Asian Languages and Cultures at the University of Southern California. Her research interests include literary translingualism, diaspora, and nativism in Sinophone, inter-Asian, and transpacific contexts. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/history
Building a Nation at War: Building a Nation at War: Transnational Knowledge Networks and the Development of China during and after World War II (Harvard UP, 2022) argues that the Chinese Nationalist government's retreat inland during the Sino-Japanese War (1937–1945), its consequent need for inland resources, and its participation in new scientific and technical relationships with the United States led to fundamental changes in how the Nationalists engaged with science and technology as tools to promote development. The war catalyzed an emphasis on applied sciences, comprehensive economic planning, and development of scientific and technical human resources—all of which served the Nationalists' immediate and long-term goals. It created an opportunity for the Nationalists to extend control over inland China and over education and industry. It also provided opportunities for China to mobilize transnational networks of Chinese-Americans, Chinese in America, and the American government and businesses. These groups provided technical advice, ran training programs, and helped the Nationalists acquire manufactured goods and tools. J. Megan Greene shows how the Nationalists worked these programs to their advantage, even in situations where their American counterparts clearly had the upper hand. Finally, this book shows how, although American advisers and diplomats criticized China for harboring resources rather than putting them into winning the war against Japan, US industrial consultants were also strongly motivated by postwar goals. J. Megan Greene is Professor of History at the University of Kansas. Her field of study is the history of the Republic of China under the KMT both in China and on Taiwan. She is also the author of The Origins of the Developmental State in Taiwan: Science Policy and the Quest for Modernization (Harvard University Press, 2008), a study of industrial science policy in China and Taiwan under the KMT. Li-Ping Chen is a teaching fellow in the Department of East Asian Languages and Cultures at the University of Southern California. Her research interests include literary translingualism, diaspora, and nativism in Sinophone, inter-Asian, and transpacific contexts. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/east-asian-studies
Building a Nation at War: Building a Nation at War: Transnational Knowledge Networks and the Development of China during and after World War II (Harvard UP, 2022) argues that the Chinese Nationalist government's retreat inland during the Sino-Japanese War (1937–1945), its consequent need for inland resources, and its participation in new scientific and technical relationships with the United States led to fundamental changes in how the Nationalists engaged with science and technology as tools to promote development. The war catalyzed an emphasis on applied sciences, comprehensive economic planning, and development of scientific and technical human resources—all of which served the Nationalists' immediate and long-term goals. It created an opportunity for the Nationalists to extend control over inland China and over education and industry. It also provided opportunities for China to mobilize transnational networks of Chinese-Americans, Chinese in America, and the American government and businesses. These groups provided technical advice, ran training programs, and helped the Nationalists acquire manufactured goods and tools. J. Megan Greene shows how the Nationalists worked these programs to their advantage, even in situations where their American counterparts clearly had the upper hand. Finally, this book shows how, although American advisers and diplomats criticized China for harboring resources rather than putting them into winning the war against Japan, US industrial consultants were also strongly motivated by postwar goals. J. Megan Greene is Professor of History at the University of Kansas. Her field of study is the history of the Republic of China under the KMT both in China and on Taiwan. She is also the author of The Origins of the Developmental State in Taiwan: Science Policy and the Quest for Modernization (Harvard University Press, 2008), a study of industrial science policy in China and Taiwan under the KMT. Li-Ping Chen is a teaching fellow in the Department of East Asian Languages and Cultures at the University of Southern California. Her research interests include literary translingualism, diaspora, and nativism in Sinophone, inter-Asian, and transpacific contexts. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/asian-american-studies
Building a Nation at War: Building a Nation at War: Transnational Knowledge Networks and the Development of China during and after World War II (Harvard UP, 2022) argues that the Chinese Nationalist government's retreat inland during the Sino-Japanese War (1937–1945), its consequent need for inland resources, and its participation in new scientific and technical relationships with the United States led to fundamental changes in how the Nationalists engaged with science and technology as tools to promote development. The war catalyzed an emphasis on applied sciences, comprehensive economic planning, and development of scientific and technical human resources—all of which served the Nationalists' immediate and long-term goals. It created an opportunity for the Nationalists to extend control over inland China and over education and industry. It also provided opportunities for China to mobilize transnational networks of Chinese-Americans, Chinese in America, and the American government and businesses. These groups provided technical advice, ran training programs, and helped the Nationalists acquire manufactured goods and tools. J. Megan Greene shows how the Nationalists worked these programs to their advantage, even in situations where their American counterparts clearly had the upper hand. Finally, this book shows how, although American advisers and diplomats criticized China for harboring resources rather than putting them into winning the war against Japan, US industrial consultants were also strongly motivated by postwar goals. J. Megan Greene is Professor of History at the University of Kansas. Her field of study is the history of the Republic of China under the KMT both in China and on Taiwan. She is also the author of The Origins of the Developmental State in Taiwan: Science Policy and the Quest for Modernization (Harvard University Press, 2008), a study of industrial science policy in China and Taiwan under the KMT. Li-Ping Chen is a teaching fellow in the Department of East Asian Languages and Cultures at the University of Southern California. Her research interests include literary translingualism, diaspora, and nativism in Sinophone, inter-Asian, and transpacific contexts. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/military-history
Building a Nation at War: Building a Nation at War: Transnational Knowledge Networks and the Development of China during and after World War II (Harvard UP, 2022) argues that the Chinese Nationalist government's retreat inland during the Sino-Japanese War (1937–1945), its consequent need for inland resources, and its participation in new scientific and technical relationships with the United States led to fundamental changes in how the Nationalists engaged with science and technology as tools to promote development. The war catalyzed an emphasis on applied sciences, comprehensive economic planning, and development of scientific and technical human resources—all of which served the Nationalists' immediate and long-term goals. It created an opportunity for the Nationalists to extend control over inland China and over education and industry. It also provided opportunities for China to mobilize transnational networks of Chinese-Americans, Chinese in America, and the American government and businesses. These groups provided technical advice, ran training programs, and helped the Nationalists acquire manufactured goods and tools. J. Megan Greene shows how the Nationalists worked these programs to their advantage, even in situations where their American counterparts clearly had the upper hand. Finally, this book shows how, although American advisers and diplomats criticized China for harboring resources rather than putting them into winning the war against Japan, US industrial consultants were also strongly motivated by postwar goals. J. Megan Greene is Professor of History at the University of Kansas. Her field of study is the history of the Republic of China under the KMT both in China and on Taiwan. She is also the author of The Origins of the Developmental State in Taiwan: Science Policy and the Quest for Modernization (Harvard University Press, 2008), a study of industrial science policy in China and Taiwan under the KMT. Li-Ping Chen is a teaching fellow in the Department of East Asian Languages and Cultures at the University of Southern California. Her research interests include literary translingualism, diaspora, and nativism in Sinophone, inter-Asian, and transpacific contexts. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/chinese-studies
Building a Nation at War: Building a Nation at War: Transnational Knowledge Networks and the Development of China during and after World War II (Harvard UP, 2022) argues that the Chinese Nationalist government's retreat inland during the Sino-Japanese War (1937–1945), its consequent need for inland resources, and its participation in new scientific and technical relationships with the United States led to fundamental changes in how the Nationalists engaged with science and technology as tools to promote development. The war catalyzed an emphasis on applied sciences, comprehensive economic planning, and development of scientific and technical human resources—all of which served the Nationalists' immediate and long-term goals. It created an opportunity for the Nationalists to extend control over inland China and over education and industry. It also provided opportunities for China to mobilize transnational networks of Chinese-Americans, Chinese in America, and the American government and businesses. These groups provided technical advice, ran training programs, and helped the Nationalists acquire manufactured goods and tools. J. Megan Greene shows how the Nationalists worked these programs to their advantage, even in situations where their American counterparts clearly had the upper hand. Finally, this book shows how, although American advisers and diplomats criticized China for harboring resources rather than putting them into winning the war against Japan, US industrial consultants were also strongly motivated by postwar goals. J. Megan Greene is Professor of History at the University of Kansas. Her field of study is the history of the Republic of China under the KMT both in China and on Taiwan. She is also the author of The Origins of the Developmental State in Taiwan: Science Policy and the Quest for Modernization (Harvard University Press, 2008), a study of industrial science policy in China and Taiwan under the KMT. Li-Ping Chen is a teaching fellow in the Department of East Asian Languages and Cultures at the University of Southern California. Her research interests include literary translingualism, diaspora, and nativism in Sinophone, inter-Asian, and transpacific contexts. Learn more about your ad choices. Visit megaphone.fm/adchoices
Building a Nation at War: Building a Nation at War: Transnational Knowledge Networks and the Development of China during and after World War II (Harvard UP, 2022) argues that the Chinese Nationalist government's retreat inland during the Sino-Japanese War (1937–1945), its consequent need for inland resources, and its participation in new scientific and technical relationships with the United States led to fundamental changes in how the Nationalists engaged with science and technology as tools to promote development. The war catalyzed an emphasis on applied sciences, comprehensive economic planning, and development of scientific and technical human resources—all of which served the Nationalists' immediate and long-term goals. It created an opportunity for the Nationalists to extend control over inland China and over education and industry. It also provided opportunities for China to mobilize transnational networks of Chinese-Americans, Chinese in America, and the American government and businesses. These groups provided technical advice, ran training programs, and helped the Nationalists acquire manufactured goods and tools. J. Megan Greene shows how the Nationalists worked these programs to their advantage, even in situations where their American counterparts clearly had the upper hand. Finally, this book shows how, although American advisers and diplomats criticized China for harboring resources rather than putting them into winning the war against Japan, US industrial consultants were also strongly motivated by postwar goals. J. Megan Greene is Professor of History at the University of Kansas. Her field of study is the history of the Republic of China under the KMT both in China and on Taiwan. She is also the author of The Origins of the Developmental State in Taiwan: Science Policy and the Quest for Modernization (Harvard University Press, 2008), a study of industrial science policy in China and Taiwan under the KMT. Li-Ping Chen is a teaching fellow in the Department of East Asian Languages and Cultures at the University of Southern California. Her research interests include literary translingualism, diaspora, and nativism in Sinophone, inter-Asian, and transpacific contexts. Learn more about your ad choices. Visit megaphone.fm/adchoices
As inflation dynamics diverge between the UK and the US, the Bank of England (“BOE”) is poised for potential interest rate cuts ahead of the Federal Reserve. Bloomberg reports that the momentum of lowering inflation in the UK, with further easing expected, bolsters the case for a summer rate cut. Despite warnings from BOE Monetary Policy Committee members Jonathan Haskel, Catherine Mann and Megan Greene about the likelihood of rate cuts, market dynamics suggest a shift in monetary policy could occur sooner due to the UK's distinct economic conditions.Stocks featured:Mondi, Dr Martens and DunlemTo find out more about the investment management services offered by Walker Crips, please visit our website:https://www.walkercrips.co.uk/This podcast is intended to be Walker Crips Investment Management's own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange. Hosted on Acast. See acast.com/privacy for more information.
Recent statements from Bank of England ("BOE") officials indicate a reluctance to ease their inflation-fighting stance, despite confirming a technical recession late last year. Chief economist, Huw Pill, emphasised the need for several more months of data before being convinced that inflation would fall and remain at the BOE's 2% target. Monetary Policy Committee members, Megan Greene and Catherine Mann, acknowledged some easing in wage pressures but highlighted the ongoing tightness in the labour market. Governor Andrew Bailey, steering focus toward positive forward-looking data, such as purchasing managers' indexes and sentiment indicators, remains cautious about easing. Former BOE chief economist, Andy Haldane, once hawkish, now warns of deepening the UK recession if interest rate cuts are not implemented soon...Stocks featured:Rio Tinto, HSBC Holdings and MondiTo find out more about the investment management services offered by Walker Crips, please visit our website:https://www.walkercrips.co.uk/This podcast is intended to be Walker Crips Investment Management's own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange. Hosted on Acast. See acast.com/privacy for more information.
There's rebellion in the air in Westminster. Rishi Sunak is facing an uprising of right-wing MPs over his thwarted Rwanda deportation plan, while Keir Starmer is looking at the biggest challenge to his authority since he became leader, with more than 50 MPs voting against the Labour position on an Israel-Hamas ceasefire. Our Political Editor Kitty Donaldson tells us how the day played out in the corridors of the House of Commons, and political science professor Rob Ford gives us his analysis. Plus: Bank of England policymaker Megan Greene tells Bloomberg the hard work on bringing down inflation must continue. Hosted by Yuan Potts and Stephen Carroll See omnystudio.com/listener for privacy information.
This episode of The Agora involves a departure from our normal format as we mark 10 years since MacroPolis was launched.During that time, so much has happened in Greece: The debt crisis, political turmoil, social upheaval, the migration crisis, diplomatic breakthroughs and impasses, and natural disasters.So, with the help of 10 friends and colleagues, we looked back on their most memorable moments of the last decade in Greece.Thanks to Alexandra Voudouri, Georgia Nakou, Omaira Gill, Jens Bastian, Marcus Walker, Yiannis Palaiologos, Megan Greene, Joanna Kakissis, Nikos Skoutaris and Mariangela Paone for taking part in this episode and providing such a rich and diverse array of recollections. Hosted on Acast. See acast.com/privacy for more information.
Today's Flashback Friday is from episode 586 published last October 27, 2015. Megan Greene joins us today to discuss the results of the 2015 John Hancock Investor Sentiment Survey. She shares her views on whether or not the Fed's will raise the interest rate, if the stock market is rigged and how she believes monetary easing stokes financial inequality. There are still a few spots left for the Orlando Property Tour! Go to JasonHartman.com to reserve your spot. Key Takeaways: Jason's Editorial 2:07 Ms. Hartman is an extreme do it yourselfer 5:16 Jason wants me to increase my rent to value ratio 7:16] Sign, sign everywhere a sign 8:27 Inflation induced debt destruction 9:27 Orlando Property Tour has a few spots left 10:37 Meet the Masters in January 10:44 Venture Alliance Mastermind - February in Dubai 12:14 “Divorce the story, marry the truth” - Tony Robbins quote Megan Greene Interview: 13:37 Regulations and less market liquidity causes volatility 14:47 High frequency trading makes it difficult for small players 16:55 The stock market is partly rigged 18:16 What's the next move for the Fed 21:19 Results of the investor sentiment survey 22:07 The Fed's may hike in December 23:24 Monetary easing stokes financial inequality 25:07 Pushing investors into riskier investments 26:54 Infrastructure spending may be in the future for the U.S. 27:31 How will a rate hike affect mortgage holders 29:42 Mobility is a benefit for Gen Y workers 30:51 Risks coming from outside of the U.S. Mentions: Tony Robbins JasonHartman.com Garrett Sutton Manulife John Hancock Asset Management Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
Inflation is expected to have fallen last month by more than one per cent, which will provide some encouragement to the MPC for it to consider when to pause or halt entirely the current cycle of interest rate hikes. However, wholesale price increases already in the system may see some of that fall reversed in September. This will be a double-edged sword for one section of the community. The “triple lock” on state pensions and other benefits will be applied next April and is expected to be well above the rate of inflation at that time. At its most recent meeting, the MPC showed a three-way split, with the independent members all having differing views of what the Bank of England should do with monetary policy. Swati Dhingra voted for no change, while Megan Greene voted in line with the permanent members of the committee for the twenty-five-point hike, which was eventually agreed upon, while Catherine Man and Jonathan Haskell voted for another fifty points. Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
Last month's fifty-point hike in the base rate of interest is being considered a “rush of blood to the head” that came because of the headline rate of inflation in May remaining unchanged. Using the same logic, the market expects the MPC to revert to its staid policy of twenty-five-point hikes that have become its “staple offering” for almost the entire period of its current rate hike cycle. The meeting, which takes place next Thursday will be the first since Silvana Tenreyro completed her stint as a member, and it is unlikely that her “ultra-hawkish” views on inflation will be continued by her replacement, Megan Greene. Greene who will bring a wealth of international economic experience to the role will take time to bed into the role just as her predecessors have. With Michael Saunders having left almost a year ago and Tenreyro having just left, the MPC has been shorn of two economists who believed that rates would have risen faster in response to the factors that were driving inflation. Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
The decision taken by the MPC last month, in response to the May inflation data, has brought the prospect of a recession close according to a renowned investment manager in the City. The fact that the Bank was forced to change tack on its cycle of interest rate hikes after so long shows that it is far from being on top of the problem. The data releases for May and the current level of inflation have led Schroders Investment Managers to believe that the base rate will reach 6.5% later in the year. It is probable that a further fifty-point hike will be agreed in August before the Bank feels comfortable returning to two twenty-five-point hikes later in the year. Megan Greene, who joins the MPC this week, spoke in an article published yesterday by the Financial Times of her view that Central Banks would do well to be cautious about expecting inflation and therefore interest rates would settle back down to their now long-established level. There are too many imponderables within the global economy currently to be certain that “normal service will be resumed.” Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
Mike Wilson, Morgan Stanley Chief US Equity Strategist, says the bear market is continuing. Megan Greene, Kroll Institute Global Chief Economist, says the Fed is not finished here. Jeannette Lowe, Strategas Managing Director of Policy Research, says crossing the X-date would not necessarily mean a US default. Dan Ives, Wedbush Senior Equity Analyst, says AI could add "another $30 per share to the Apple story." Daniel Ricciardo, Red Bull Racing Reserve Driver & 2018 Monaco Grand Prix Winner, wants to find an F1 seat in 2024, and wouldn't rule out a return to racing with Red Bull. 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 Bank of England again finds its independence under threat as the Government apparently wanted the new member of the Monetary Policy Committee to be from the Treasury. Governor Andrew Bailey held firm in discussions with the Prime Minister and Chancellor of the Exchequer after it was agreed that Silvana Tenreyro would leave her role in two months' time. It was agreed that the new member of the Committee should be Megan Greene, a candidate who is well known in the City as the Chief Global Economist of U.S. private investigations and advisory firm Kroll. Bailey disagreed in principle with Jeremy Hunt over the appointment of Tenreyro's replacement since he believed that it would send the wrong message to the markets. It was felt that his reporting of MPC decisions and his responsibility for testifying before the Treasury Select Committee could be second guessed by a member who has dual loyalties. While the domestic housing market continues to falter, there was more bad news for the sector from commercial real estate which has seen a slump in activity as the economy continues to weaken. Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
The IMF reiterated its view that the UK economy will be one of the worst performing major economies. It expects the country to experience a contraction of 0.3% during 2023, although this is a slight improvement over its previous outlook. It expects a marginal rebound in 2024 when it believes that the economy will grow by 1%. The continuing high price of gas, although it is now receding, the rise in interest rates and trade performance still affected by Brexit are cited as the main reasons for the decline. The Office for Budget Responsibility agrees that the economy will contract by but by slightly less than the IMF prediction. It estimates that there will be a contraction of 0.2% but no recession. The Chancellor of the Exchequer, Jeremy Hunt, struggling to find any positives in the IMF report, commented that the UK has upgraded its own forecasts for this year as well as 2024 and 2025. He pointed out that the IMF has praised the Government for its current economic policies that will eventually lead to sustainable growth. Hunt also announced a change to the makeup of the Bank of England's Monetary policy Committee yesterday. Silvana Tenreyro will leave in early July. She will be replaced by Megan Greene. Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
In March 2023, the European Central Bank (ECB) launched its quantitative tightening (QT) policy, to unwind its portfolio of assets that resulted from its quantitative easing (QE) policy of the last decade. Despite the scarce evidence on the effects of QT, it was never attempted in the Euro area. Most lessons can only be drawn from the 2017-19 experience in the United States. In this episode of The Sound of Economics, Maria Demertzis invites Grégory Claeys and Megan Greene to discuss why the ECB has decided to go down the route of quantitative tightening and what it could mean for the future of the euro area. Relevant publication: Finding the right balance (sheet): quantitative tightening in the euro area, report by Grégory Claeys, requested by the ECON Committee, European Parliament
Steve Eisman, Neuberger Berman Eisman Group Senior Portfolio Manager, sees an oncoming market regime shift. John Stoltzfus, Oppenheimer Asset Management Chief Investment Strategist, sees the S&P 500 at 4,400 year-end, but there's a "chance that we may see that exceeded." Priya Misra, TD Securities Global Head of Rates Strategy, says the markets are pretty well priced for the end point of the hiking cycle. Megan Greene, Kroll Institute Global Chief Economist, says the Fed will keep rates high this year. Ian Bremmer, Eurasia Group President and Author of "The Power of Crisis," discusses US-China tensions as the US shoots down fourth object. See omnystudio.com/listener for privacy information.
Jim Bianco joins Bloomberg TV to cover the Labor Market, Mixed Signals in Equities, Recession Timetable with Jonathan Ferro & Megan Greene.
Covid 19 has been a crisis without borders. In a highly interconnected world, every country has felt the impacts of the pandemic, from supply chain disruption to low productivity and high inflationary pressures. Should the post-pandemic economic recovery be a global project? For decades, the UK has been a key player on the economic world stage, but is this still relevant today at a time when the UK faces domestic financial challenges and global supply chains are decoupling? Or can the ripple effect of lending a hand to one economy, become a good investment for Britain's future? The Spectator's economics editor, Kate Andrews speaks to Simon Clarke, MP for Middlesborough South and East Cleveland who was chief secretary to the Treasury at the start of the pandemic; Professor Nouriel Roubini, economics expert and author of the book MegaThreats: The ten threats the imperil our future and how to survive them; Megan Greene, the global chief economist at the Kroll Institute and Michael Jacobs, who is a professor of political economy at the University of Sheffield. This podcast is kindly sponsored by the Bill and Melinda Gates Foundation.
Megan Greene is a senior fellow at the Watson Institute for International and Public Affairs at Brown University and is the global chief economist at Kroll. Megan is also a contributing editor and columnist for the Financial Times and is a returning guest to the podcast. She rejoins David on Macro Musings to talk about a recent article she has written titled, *UK Market Turmoil is a Harbinger of Global Events to Come.* David and Megan also discuss the basics of what caused the UK's recent crisis, how persistent inflation continues to impact the global economy, the current outlook for international energy production, and a lot more. Transcript for the episode can be found here. Megan's website Megan's Kroll profile Megan's Twitter: @economistmeg David's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Click here for the latest Macro Musings episodes sent straight to your inbox! Related Links: *UK Market Turmoil is a Harbinger of Global Events to Come* by Megan Greene *The World is Starting to Hate the Fed* by Edward Luce
The United States economy is currently marked by high inflation, a strong dollar, rising food and energy prices, and historically low unemployment. The shortage of microchips presents another challenge, as do the ongoing consequences of climate change. Can the Federal Reserve lower inflation without sending the economy into a deep recession? Should the United States be incentivizing domestic manufacturing of advanced microchips? What will the Inflation Reduction Act mean for a transition to a greener economy? To address these questions, EconoFact Chats welcomes back Binyamin Appelbaum of the New York Times, Scott Horsley of NPR, Greg Ip of the Wall Street Journal, and Megan Greene, a columnist at the Financial Times and the Global Chief Economist at Kroll.
The United States economy is currently marked by high inflation, a strong dollar, rising food and energy prices, and historically low unemployment. The shortage of microchips presents another challenge, as do the ongoing consequences of climate change. Can the Federal Reserve lower inflation without sending the economy into a deep recession? Should the United States be incentivizing domestic manufacturing of advanced microchips? What will the Inflation Reduction Act mean for a transition to a greener economy? To address these questions, EconoFact Chats welcomes back Binyamin Appelbaum of the New York Times, Scott Horsley of NPR, Greg Ip of the Wall Street Journal, and Megan Greene, a columnist at the Financial Times and the Global Chief Economist at Kroll.
From Sri Lanka to Pakistan, El Salvador to Ghana, Egypt to Tunisia, some emerging economies are feeling the pain of rising commodity prices, higher interest rates and a strong dollar. Is a wave of historic debt defaults coming for emerging markets?On this week's episode, hosts Soumaya Keynes, Mike Bird, and Alice Fulwood continue their exploration of the impact of the strong dollar. First, Kroll chief economist Megan Greene explains which countries she thinks are most vulnerable. Then, a look at what was behind the Latin American debt crisis of the 1980s, which led to an economic downturn more severe than the Great Depression. Finally, our trade and economics editor Ryan Avent says that many nations have learned lessons from past crises that could help them weather this difficult period.Sign up for our new weekly newsletter dissecting the big themes in markets, business and the economy at www.economist.com/moneytalks For full access to print, digital and audio editions, subscribe to The Economist at www.economist.com/podcastoffer See acast.com/privacy for privacy and opt-out information.
From Sri Lanka to Pakistan, El Salvador to Ghana, Egypt to Tunisia, some emerging economies are feeling the pain of rising commodity prices, higher interest rates and a strong dollar. Is a wave of historic debt defaults coming for emerging markets?On this week's episode, hosts Soumaya Keynes, Mike Bird, and Alice Fulwood continue their exploration of the impact of the strong dollar. First, Kroll chief economist Megan Greene explains which countries she thinks are most vulnerable. Then, a look at what was behind the Latin American debt crisis of the 1980s, which led to an economic downturn more severe than the Great Depression. Finally, our trade and economics editor Ryan Avent says that many nations have learned lessons from past crises that could help them weather this difficult period.Sign up for our new weekly newsletter dissecting the big themes in markets, business and the economy at www.economist.com/moneytalks For full access to print, digital and audio editions, subscribe to The Economist at www.economist.com/podcastoffer See acast.com/privacy for privacy and opt-out information.
In this special edition of the Macrocast, Tony and John welcome Megan Greene, Harvard Kennedy School Senior Fellow and Kroll Institute Global Chief Economist, to the show. Megan expands on her recent column in the Financial Times, where she makes an important point few pundits have acknowledged: There's not much policymakers outside the Federal Reserve can do about inflation. The group walks through various policy responses to inflation and the supply- and demand-driven forces behind rising prices. Plus, the group discusses energy prices, the methodology for measuring inflation, and more.Read Megan's Financial Times column here.Read the rest of Megan's FT columns here.Read Megan's bio and check out her site here.
Francisco Blanch, Bank of America Global Research Head of Global Commodities and Derivatives Research, says demand-rationing measures may be needed around world to tame record fuel prices. David Kirkpatrick, Techonomy Founder & Author of The Facebook Effect, discusses Meta after Sheryl Sandberg. Kathy Jones, Charles Schwab Chief Fixed Income Strategist, says the Fed's forecasts are aspirational. Megan Greene, Harvard Kennedy School Senior Fellow & Kroll Institute Global Chief Economist, doesn't expect a recession in the next 12 months. See omnystudio.com/listener for privacy information.
The latest economic forecasts published by the European Commission as well as IMF show low growth and high inflation. Maria Demertzis is joined by Grégory Claeys and Megan Greene to discuss the economic outlook on both sides of the Atlantic. They discuss the possibility of stagflation, inflation duration and its implications, interest rates increasing and the risks that it entails, as well as other ways of containing inflation.
Raghuram Rajan, University of Chicago Booth School Professor & Former Reserve Bank of India Governor, says the market believes the Fed is serious about inflation. Angela Stent, Brookings Nonresident Senior Fellow & “Putin's World” author, says Putin's army is over-extended. Barton Crockett, Rosenblatt Securities Tech Analyst, doesn't see Elon Musk backing down from the Twitter deal. Megan Greene, Harvard Kennedy School Senior Fellow & Kroll Institute Global Chief Economist, says a soft landing will be tough for the Fed to achieve. Mike Schumacher, Wells Fargo Head of Rates and Macro, says the market has to price in a lot more Fed tightening. See omnystudio.com/listener for privacy information.
Guests: Host of Masters in Business, Barry Ritholtz, Megan Greene, Global Chief Economist at Kroll, Bloomberg politics contributor Jeanne Sheehan Zaino and Republican Strategist, Amy Tarkanian. See omnystudio.com/listener for privacy information.
In the 1950s and 1960s, the dollar was as “good as gold” – until it wasn't. The dollar no longer served as the centerpiece of the world's fixed exchange rate arrangement when the Bretton Woods system broke apart in the early 1970s. But the dollar has remained, to this day, the dominant currency for international trade and global finance. What advantages does the United States enjoy because of the special role of the dollar? Are other currencies, like the Euro or the Renminbi, or even cryptocurrencies, likely to replace the dollar's hegemonic position? Megan Greene discusses this topic which has important implications for the United States economy as well as the stability of the world monetary system. Megan is a Senior Fellow at the Mossavar-Rahmani Center for Business and Government at Harvard Kennedy School, and is also the first Dame DeAnne Julius Senior Fellow in International Economics at Chatham House, UK.
In the 1950s and 1960s, the dollar was as “good as gold” – until it wasn't. The dollar no longer served as the centerpiece of the world's fixed exchange rate arrangement when the Bretton Woods system broke apart in the early 1970s. But the dollar has remained, to this day, the dominant currency for international trade and global finance. What advantages does the United States enjoy because of the special role of the dollar? Are other currencies, like the Euro or the Renminbi, or even cryptocurrencies, likely to replace the dollar's hegemonic position? Megan Greene discusses this topic which has important implications for the United States economy as well as the stability of the world monetary system. Megan is a Senior Fellow at the Mossavar-Rahmani Center for Business and Government at Harvard Kennedy School, and is also the first Dame DeAnne Julius Senior Fellow in International Economics at Chatham House, UK.
Ernest Moniz, Former U.S. Energy Secretary, says Russia will soon find buyers for its discounted oil. Nouriel Roubini, Roubini Macro Associates CEO & TheBoomBust Co-CEO, says the Fed's dot plot is not realistic. Megan Greene, says monetary policy divergence among central banks is impossible to maintain over a period of time. Seema Shah, Principal Global Investors Chief Strategist, doesn't expect much more upside for equities from here. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Seth Jones, Center for Strategic and International Studies International Security Program Director, doesn't see Russia looking for an off-ramp that would be acceptable to NATO or the Ukranian people. Elsa Lignos, RBC Global Head of FX Strategy, discusses the outlook for the Euro. Megan Greene, Kroll Institute Global Chief Economist, says we're likely to see stagflation in Europe. Doug Kass, Seabreeze Partners President, details his philosophy for navigating the market amid so much uncertainty. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
In episode four of ALTLOOK: The Alternative Investments Podcast, David Larsen and Megan Greene, Kroll's Global Chief Economist, discuss how alternative asset funds are taxed and the implications for investors if tax rates change.
Leading global economist and FT columnist Megan Greene joins Alan Rusbridger to discuss the impact that Russia's invasion of Ukraine will have on the global economy. See acast.com/privacy for privacy and opt-out information.
Staff Writer Derek Kirk chats with New Hope Community's Megan Greene about her work on Hope Farm and International Women's Day.
Mary Barra, General Motors Chair & CEO, discusses the automaker's fourth-quarter results, investments in vehicle and battery production and the Biden administration's plan to increase electric-vehicle adoption. Megan Greene, Harvard Kennedy School Senior Fellow & Kroll Institute Global Chief Economist, says bad jobs day numbers on Friday shouldn't be a surprise. Evan Brown, UBS Head of Multi-Asset Strategy, says this will be Europe's year. Michael Nathanson, MoffettNathanson Senior Research Analyst, thinks people are underestimating the long-term value of Google's search. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Mona Mahajan, Edward Jones, Senior Investment Strategist, expects to see an era of moderation in 2022. Megan Greene, Harvard Kennedy School Senior Fellow & Kroll Institute Global Chief Economist, expects to see weaker growth in the U.S. this year. Amesh Adalja, Johns Hopkins Center for Health Security Senior Scholar, expects to see omicron peaking in weeks, no months. Henry Rome, Eurasia Group Global Macro Director & Deputy Head of Research, says Iranian leadership today is rational in the way it pursues its policies. Kumar Galhotra, Ford Americas & International Markets Group President, says demand is there for electric vehicles. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Subadra Rajappa, Societe Generale Head of U.S. Rates Strategy, still expects a strong growth trajectory over the next several years. Megan Greene, Harvard Kennedy School Senior Fellow, says Turkey is the canary in the EM coalmine. Seth Carpenter, Morgan Stanley Chief Global Economist, expects inflation to peak at start of 2022. Stephen Stanley, Amherst Pierpont Chief Economist, says it's going to take a while for the Fed to catch up. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Megan Greene, Kroll Institue Global Chief Economist & Harvard Kennedy School Senior Fellow, says supply shocks will be the biggest drag on growth and persist for at least next six months. Chris Marangi, Gabelli Funds Co-Chief Investment Officer, says the rate-driven rotation to value and smaller caps echoes Q1. George Saravelos, Deutsche Bank Global FX Research Head, says the U.K. is at the epicenter of FX. Omar Aguilar, Schwab Asset Management CIO & Head of Investments, says it always easy to continue to build a wall of worry. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Adam Tooze, Columbia University Professor and Author, "Shutdown: How Covid Shook the World Economy", discusses the Covid crisis and the stalled recovery amid the virus's resurgence. Megan Greene, Harvard Kennedy School Senior Fellow, says she is not worried about runaway inflation. Cristiano Amon, Qualcomm CEO, expects “material supply improvements” toward the end of the year. Jim O'Sullivan, TD Securities Chief U.S. Macro Strategist, is cutting 2021 growth numbers because of the fading fiscal stimulus boost. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Megan Greene, Harvard Kennedy School Senior Fellow, says the Fed will likely hike rates before its own forecast. Dr. Amesh Adalja, Johns Hopkins Center for Health Security Senior Scholar, doesn't the the uptrend of virus cases in Europe coming to the U.S. Ann Miletti, Wells Fargo Asset Management Head of Active Equity, says innovation will continue to be an important driver for earnings and cash flow. Don Mullen, Pretium CEO & Founder, says we are in the early days of market opportunity. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, says this year will be all about the relative vs. absolute performance of stocks. Megan Greene, Harvard Kennedy School Senior Fellow, says the ideas of potential growth and economic equilibrium might be antiquated. Joshua Sharfstein, Johns Hopkins Bloomberg School of Public Health Vice Dean, says there is some evidence that the new variants may be more lethal, but it doesn't change the fundamental epidemiology of the virus. Diana Amoa, JPMorgan Asset Management Senior Fixed Income Portfolio Manager, says liquidity is not an issue right now. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Megan Greene is an economist who actually sticks her head out the window, and takes real world observations as seriously as the models. For that reason (and many others), she's currently a Fellow at Harvard's Kennedy School of Government, and a Fellow at the Rhodes Center. On this episode Mark talks with Megan about what a post-Covid economy might look like, whether we're already in a global Depression, and how the American unemployment model is a little more European than many people think.
At what point will the standoff in Washington DC start doing serious harm to the US economy?Vishala Sri-Pathma speaks to two victims of the shutdown. As a prison officer, Eric Young is currently not getting paid by the government, even though he is still legally required to turn up for work. He is also a national union representative, and is calling on the government to start planning for a lockdown of jails as staffing numbers dwindle. Meanwhile Bob Pease, head of the Brewers Association, says that small craft beer makers could be facing real a crisis if the government doesn't start issuing licences again soon.So how much longer can this all go on for? We ask Megan Greene, chief economist at US asset managers Manulife, and the BBC's North America reporter Anthony Zurcher.Producer: Laurence Knight(Picture: A signs says the Renwick Gallery museum is closed because of the US federal government shutdown; Credit: Eric Baradat/AFP/Getty Images)