WEBVTT - Single Best Idea with Tom Keene: Tina Fordham & Ebrahim Rahbari

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>Single best idea and the single best idea. I can't

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<v Speaker 2>believe I'm saying this over twenty years ago, was to

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<v Speaker 2>have an informed conversation. And there were battles then and

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<v Speaker 2>along the way and even still now about the duration

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<v Speaker 2>of the conversation and the need to lift up and

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<v Speaker 2>particularly for all of you listening each and every day,

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<v Speaker 2>and we're humbled by what in the industry is called

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<v Speaker 2>time spent listening time spent watching, which is how long long,

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<v Speaker 2>the length of how long people watch. And we're humbled

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<v Speaker 2>by that each day our special events. We had a

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<v Speaker 2>special event today in studio from London. Tina Fordham joined

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<v Speaker 2>us with their colleague Abrambari at Fordham Global Foresight. They

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<v Speaker 2>are the foundation of what City Group built in research

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<v Speaker 2>and it's a long history. I'm not going to bore

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<v Speaker 2>you with it. But the recent liftoff of City Group

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<v Speaker 2>expertise was David Balin in the equity space and over

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<v Speaker 2>into fixed income, and Willem Bouder, the giant from the

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<v Speaker 2>Netherlands in economics, and then Katherine Mann. Catherine Mann came

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<v Speaker 2>out of my record I can't remember right now, but

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<v Speaker 2>I want to say over to brandeis outside Boston and

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<v Speaker 2>then expertise, foundational expertise in the relationship of China with

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<v Speaker 2>the United States, and wrapped around them was Ibraham Obarian

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<v Speaker 2>Foreign Exchange in Tina Fordam in international relations. Here Tina

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<v Speaker 2>Fordam her latest on Ukraine.

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<v Speaker 3>Ukraine joining native I don't think has been a realistic goal.

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<v Speaker 3>But Ukraine with having a European perspective, as the EU

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<v Speaker 3>likes to say, is a realistic goal, and that is

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<v Speaker 3>an anchor for the European Union. I think, you know,

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<v Speaker 3>the military strategists like to quote the old saying that

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<v Speaker 3>no plan survives first contact with the enemy. When Vice

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<v Speaker 3>President Advance gets to Munich, he'll get an earfull and

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<v Speaker 3>be confronted with the European reality because Russia's on our doorstep.

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<v Speaker 3>We've got several Natal member states that are very concerned.

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<v Speaker 3>This isn't just about creating a demilitarized zone in the

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<v Speaker 3>occupied territories. If it were that simple land for peace,

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<v Speaker 3>it would already have been done.

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<v Speaker 2>China Fordham now her colleague imbrah Mbari here on our

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<v Speaker 2>debt and our deficit.

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<v Speaker 4>I think people have been missing how focused they are

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<v Speaker 4>on to some degree managing what they see as a

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<v Speaker 4>vulnerability in terms of the level of debt and deficit

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<v Speaker 4>and how much power they have. I mean, the standard

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<v Speaker 4>answer you get from anybody on US fiscal is well,

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<v Speaker 4>the executive can't really do very much. Is congresses job.

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<v Speaker 4>Congress is so dysfunctional and divided. We are seeing them

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<v Speaker 4>taking out They're trying to cut spending. They have a

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<v Speaker 4>lot more power over Congress than previous administrations have had.

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<v Speaker 4>So there's I think interesting fiscal action going on right now,

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<v Speaker 4>which is different from what people expect. There's the bigger

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<v Speaker 4>question that a lot more people ask about, which is,

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<v Speaker 4>you know, when are we entering the period of physical

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<v Speaker 4>crisis in the US. And there, I think massive topic

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<v Speaker 4>to watch. But that timing, you know, if anything is

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<v Speaker 4>actually slightly pushed back relative to what we thought a

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<v Speaker 4>couple of months ago, than you know, what people were expecting.

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<v Speaker 2>Ibrambari and Tina Fordham A Forulnerablobal Foresight. What an eventful

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<v Speaker 2>February it has begun. Of course, the Chairman's testimony and

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<v Speaker 2>the CPI today and the PPI tomorrow, retail sales on Friday,

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<v Speaker 2>all of a sudden becomes very important. I'm not going

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<v Speaker 2>to take the sharpness of single best idea to pontificate

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<v Speaker 2>on that, but it's a nominal number. That means it's

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<v Speaker 2>a top line number. It's all in, including inflation. It'll

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<v Speaker 2>be really interesting to see the linkage there retail sales

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<v Speaker 2>dynamics over to what we see within the CPI on

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<v Speaker 2>your commune across the nation. Thank you on Serious XM,

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<v Speaker 2>Apple car Play Android Auto. Good morning to a snowbound

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<v Speaker 2>ninety nine one FM. Nathan Hager's batteries wore out in

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<v Speaker 2>a snowblower. It was so deep by that I think

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<v Speaker 2>I got the three inches of snow, so it just outrageous.

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<v Speaker 2>Good Morning in New York, Bloomberg eleven three to zero

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<v Speaker 2>in Boston ninety two nine FM. On this day of

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<v Speaker 2>pitchers and catchers on YouTube and of course at YouTube podcasts,

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<v Speaker 2>it's single best