Content area
Full text
(This is not a legal transcript. Bloomberg LP cannot guarantee its accuracy.)
TOM KEENE, BLOOMBERG ANCHOR: Jon Ferro's World Cup poll has blown up so bad that --
JONATHAN FERRO, BLOOMBERG ANCHOR: Oh, thank you.
KEENE: -- he didn't have the gentleman from Coventry meet the gentleman from Sheffield and that would be Kallum Pickering joining us --
FERRO: I believe Kallum spend a little bit of time in Coventry actually, Tom.
KEENE: Really?
FERRO: Yes.
KEENE: OK.
FERRO: Because of the University of Warwick, Kallum, yes.
KEENE: Yes.
FERRO: There you go.
KEENE: Yes.
FERRO: He understands.
KEENE: Work is good from economics. Did you ever get a lecture there with Skidelsky?
KALLUM PICKERING, SENIOR ECONOMIST, BERENBERG: I did. Yes, just after the crisis too when he was appertaining a bigger fiscal stimulus in Gordon Brown put together.
KEENE: And Skidelsky has talked about Keynesian stimulus. OK. We're not in austerity anymore. But is the Trump fiscal policy, to rip up the script here, is it Skidelsky like?
PICKERING: If you take the premise. But the -- well, the U.S. economy is suffering from sacculus stagnation and then it demands high stimulus --
KEENE: Yes.
PICKERING: -- would benefit the U.S. I'm not sure that's the case. I think the U.S. is probably were just storing up a little fiscal trouble for the next five years. But the key bit that I really like actually of U.S. reform is the supply side. I think the U.S. has actually done some good pretty stuff.
KEENE: What is the supply, how you see given Harley Davidson can't move bicycles and motor cycles rather to China?
PICKERING: Well, not a trade issue. But for the U.S. domestic economy that simplification of the tax code rolling backs in the regulation. You see it in the survey makes U.S. companies are responding positively to that. That should raise U.S. potential growth a few tens of a percentage point.
FERRO: The risk here is though, Kallum, that we have the big boost of confidence with Donald Trump entering the White House and from businesses small and large and usually confidence as you know lead...