Posted by: Tom Keene on October 10, 2010
I had to take the last ten or so days off to focus on Surveillance Midday. It’s a terrific team effort: one part editorial, two parts television 101, and three parts making it up as we go. I’m really big on putting method before style or at least nailing method as style develops.
Which brings us to motor skils. Where should the mouse go on the terminal? Which of four screens should carry NI HOT? (The famous Bloomberg red stickies). What if Lousie Yamada falls off her chair? Do I catch her or keep on talking? Do I look at camera 1 or camera 7? If Rex, William and Emily all talk at the same time does a tree fall in the forest? You get the picture. Motor skills.
He Did Not Mail It In
What a joy to have a conversation with 84-year young Alan Greenspan. I received a wide set of e-mails expressing outrage, angst and look-back tirade over the Chairman’s attendence at our FX10 Summit. I chose to do minimal look-back and maximum look-forward…carefully.
Alan Greenspan was very good. Stan Getz was Stan Getz. Al Hunt is a “liberal Democrat.” If you have a bad back it gets better with age because the vertebrae fuse together. Europe is essentially North of Milan and South of Milan. We should tax now to avoid fiscal crisis later. Uncertainty is causing “liquid cash flow” to not go into fixed investment. See the entire conversation at a Bloomberg near you.
As Greenspan left to go out into the “turbulent” night, I could only think, he did not mail it in.
“Overall despite occasional reference to a strong dollar policy — which increasingly sounds anachronistic — there is little to suggest that the dollar’s direction is anything but down,” writes Steven Englander of CitiFX.
USTRBROA INDEX GP M ROLL: Here is real trade-weighted USD and the regression from 2002 dollar strength. The dollar has weakened ~22%. Note that a plunge below the 2008 nadir is “only” about a one-deviation move off trend. I would suggest that at some point dollar weakness becomes not political ECONOMICS but rather, POLITICAL economics.
Thanks to all for the many, many kind notes on the launch of Surveillance Midday. (And yes, a few less kind. “Put it on at Midnight!) We miss Bloomberg on the Economy, but are beyond thrilled to hand the show to Michael McKee and Sara Eisen.
Bloomberg Editor-in-Chief Matt Winkler nails what we are attempting with the linkage of curiosity and names-make-news. I agree. It was, is, and always will be only… about the guests.