First Word Podcast
Ken Prewitt reviews the week's big stories.
Hosted by Ken Prewitt
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Union’s Milleker Says ECB May Reverse Rate Increases (Audio)
Oct 13, 2011
David Milleker, chief economist at Union Investment GmbH in Frankfurt, says an interest rate reversal by the European Central Bank is "definitely in the cards." Milleker talks with Bloomberg's Ken Prewitt on Bloomberg Radio's "Bloomberg - The First Word."
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Soc Gen’s Nixon Says European Markets Are ‘False’ (Audio)
Oct 13, 2011
James Nixon, chief European economist at Societe Generale SA in London, says the European Central Bank decides to intervene in markets on a daily basis and "prices, to some extent, are arbitrary." Nixon talks with Bloomberg's Ken Prewitt on Bloomberg Radio's "Bloomberg - The First Word."
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Chillingworth Says Government Securities Unappealing (Audio)
Oct 13, 2011
Julian Chillingworth, who helps manage 16 billion pounds ($25 billion) at Rathbone Brothers Plc in London, says his firm is "moving away from government securities" because returns are so low. Chillingworth talks with Bloomberg's Ken Prewitt on Bloomberg Radio's "Bloomberg - The First Word."
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Newedge’s Piazza Says Larger Greek Haircut on Table (Audio)
Oct 11, 2011
Annalisa Piazza, senior market economist at Newedge Group in London, says European nations are talking about a haircut of up to 50 percent on Greek debt. Piazza talks with Bloomberg's Ken Prewitt on Bloomberg Radio's "Bloomberg - The First Word."
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Berenberg’s Schmieding Says Higher U.S. Taxes Needed (Audio)
Oct 11, 2011
Holger Schmieding, chief economist at Berenberg Bank, says it would be difficult for the U.S. to cut its budget deficit without introducing higher consumption taxes. Schmieding talks with Bloomberg's Ken Prewitt on Bloomberg Radio's "Bloomberg - The First Word."
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Credit Suisse’s Parker Says Expectations Are ‘Dramatic’ (Audio)
Oct 10, 2011
Bob Parker, senior adviser at Credit Suisse Asset Management, says Angela Merkel and Nicolas Sarkozy are "building up dramatic expectations" as they promise a recapitalization blueprint for banks this month. Parker talks with Bloomberg's Ken Prewitt on Bloomberg Radio's "Bloomberg - The First Word."
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VTB’s Mackinnon Says Bank Recapitalization Needed (Audio)
Oct 10, 2011
Neil Mackinnon, an economist at VTB Capital in London and a former U.K. Treasury official, says the recapitalization of Dexia "may well be" a template for the rescue of other European banks saddled with Greek debt. Mackinnon talks with Bloomberg's Ken Prewitt on Bloomberg Radio's "Bloomberg - The First Word."
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Standard Life’s Milligan Says Economy to Sputter Ahead (Audio)
Oct 10, 2011
Andrew Milligan, head of global strategy at Standard Life Investments Ltd., says the U.S. economy "will sputter forward" and will avoid recession. Milligan talks with Bloomberg's Ken Prewitt on Bloomberg Radio's "Bloomberg - The First Word."
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Rabobank’s Foley Says Potential for Volatility Remains (Audio)
Oct 7, 2011
Jane Foley, a senior currency strategist at Rabobank International, says as European policymakers focus on the sovereign debt crisis, there is "still the potential for volatility." Foley talks with Bloomberg's Ken Prewitt on Bloomberg Radio's "Bloomberg - The First Word."
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GLC’s Bell Sees Soft Growth Ahead for U.S. Economy (Audio)
Oct 7, 2011
Steven Bell, chief economist at hedge fund GLC Ltd. in London, says there are signs the U.S. economy is "slowly beginning to improve." Bell talks with Bloomberg's Ken Prewitt on Bloomberg Radio's "Bloomberg - The First Word."