The main theme among the top financial minds at the Milken Conference was challenging consensus and rejecting myths that have recently gained steam.
— who challenged the ideas herself during opening remarks — a five-person panel featuring some of the world's smartest financial minds immediately laid seige.
"You have about 70% of the global economy that is slowing, but it's still growing," she said."We're not expecting a recession. It's certainly not in our baseline." "There is not a synchronized global slowdown at all," he told Lagarde during his panel."The US is actually doing very well, and we would argue that it's actually doing better than its long-term potential. So we're rather optimistic."— the chief economist at PGIM — also cited recent economic data as putting to rest the idea of an imminent recession. In addition to the latest GDP print, he pointed to stronger-than-expected consumer confidence data released on Tuesday.
"The fact that the Fed has become much more dovish actually gives us confidence that the cycle extends," she told BI."You don't typically have recessions in the conditions we have right now — because the Fed is usually one of the reasons you have a recession, because they tighten too quickly.", a global investment strategist at Principal Global Advisors, the key variable is China. And judging by how conditions are presently, she says there's reason for optimism.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Milken conference celebrates capitalism amid a rising tide of inequalityGreed may no longer be good, and the Predator's Ball label may not apply, but this year's Milken Institute Global Conference is most definitely rooted in capitalism — even if thorny subjects like rising inequality and socialism are now part of the conversation.
Weiterlesen »
Morning Money at the Milken Institute Global Conference
Weiterlesen »
Billionaires Under Fire Confront Wealth Gap at Milken ConferenceStephen Schwarzman, with a net worth of $14.3 billion, could buy one for all 329 million people in the U.S. today -- and then do so again tomorrow for 222 million of them. The wealth on display this week at the annual Davos-style conference organized by Michael Milken, once of junk-bond fame, is capturing
Weiterlesen »
Reform capitalism or face revolution, billionaires are told at Milken ConferenceAlan Schwartz of Guggenheim Partners warned of future 'class warfare,' saying, “It’s not whether we should be capitalist or socialist. It’s how do we make sure that capitalism is working the way it has in the past.'
Weiterlesen »
Masters of the Universe Eye 2020At MIGlobal feelings are generally warmer towards Trump than in previous years. But the president's trade and immigration policies still rankle a proudly globalist class. More in today's edition of Morning Money at the Milken Institute Global Conference
Weiterlesen »
White House's Mulvaney says China trade talks will be resolved 'one way or the other' within two weeksSpeaking at the Milken Institute Global Conference, Mulvaney said the U.S. would not accept an trade agreement with China unless it was a great deal.
Weiterlesen »
10 of the world's best investing minds shared their biggest fears at Milken — and the lack of consensus is a major red flag of its ownTen experts at the Milken Institute Global Conference couldn't agree when asked about the biggest risk facing the investment landscape and economy.
Weiterlesen »
SoftBank plans to double the size of the business unit managing its massive Vision Fund, going from 400 people up to 800The comments, made by SoftBank Investment Advisors CEO and Vision Fund leader Rajeev Misra, came at the Milken Institute Global Conference.
Weiterlesen »
'If you have no capital, why be a capitalist?': The global elite at Milken can't stop talking about populismFrom Alexandria Ocasio-Cortez to Trump to the Gilets Jaunes, populism was on people's minds at the Milken Institute Global Conference in Beverly Hills.
Weiterlesen »
'Small earthquakes can lead to large tsunamis': A Wall Street chief risk officer breaks down why European turmoil is what keeps her up at nightEurope's economy looks more and more vulnerable, and Credit Suisse Chief Risk Officer Lara Warner said at the 2019 Milken Institute Global Conference.
Weiterlesen »