In-Depth Look - Economy Check - Bloomberg: Learning English through Listening

hola amigos como estana qui les paso otro videito con subtitulos para aquellos que deseen mejorar en sus english skills :D haha este es un videito corto de casi 3 minutos pero abajo del video tendran los subtitulos asi que solo tienen que pulsar play y ver los subtitulos de abajo espero les sirva ya que me tomo mucho esfuerzo hacerlo pero si les va servir me doy por satisfecho :) espero comentarios, sugerencias o algun video que quieran que subtitule

00:00 It’s time now for Tom Keene, Bloomberg Editor-at-Large and host of Bloomberg Surveillance right here on Bloomberg Radio… 00:05 …and, Tom, our focus today is what is really going on with the economy? What do you mean by that? 00:09 Well, you look at equities bonds, currencies, commodities, you can see not much is going on. 00:13 -When you look at the spread market… -Because we’re stuck in a range? 00:16 Yeah, it’s just range-bound trading and all that, but you look at the spread market, there’s been a big, big improvement. 00:20 Let’s go to a chart right away. The Bloomberg financials’ conditions index, Michael Rosenberg and our team put this together. 00:27 Above the red line is good news. That was back before the crisis. 00:32 Down we go, and then down we plunged to a negative 10 standard deviation’s truly unprecedented… 00:38 …and you can see how nicely we’ve recovered. 00:41 That’s a set of 10 or 11 spreads. The IMF uses that in their financial stability report as well. Just one indicator things are getting better. 00:50 -Sure, one of many; one of the green shoots out there. -Yeah. 00:52 What does this Bloomberg financial conditions index track, though, when it comes down to - you’ve mentioned spreads? 00:57 Corporate, it’s all spreads. Corporate spreads, immunity spreads, elaborate OIS, it’s just soup…uh, spreads… 01:01 …you add salt and pepper, and you can get a picture of the financial conditions that are out there and it’s a big improvement. 01:07 -Dean Maki has been relentlessly optimistic… -Dean Maki at…? -… at Barclays Capital. -Okay. 01:13 And you know, he’s suggesting here look, things are pretty good. 01:15 Savings rate is higher than we believe, when he runs through the numbers… 01:20 …and it leads up to a remarkably optimistic end of 2009, and at 2010, that goes to 2.8 percent positive GDP… 01:30 …so Barclays Capital really leading the way in optimism as we go into this year… 01:35 What is he saying about things like inflation, though? That’s certainly something the bond market is worried about. 01:38 That’s a very good point. He’s looking at lesser inflation than the gloom that’s out there. 01:42 He thinks it’s overstated. And you get to a top-line GDP which is actually within means. 01:47 It’s a very pleasant report, if you would, from Barclays Capital. 01:52 You get real economic growth combined with, as you allude to Scarlet, lesser inflation. 01:58 Now what are you looking at on Bloomberg Surveillance this morning? 02:00 Well, you’ve got George Magnus of UBS, he’s got a more cautious view than Dean Maki. 02:04 George Magnus will join us, and Dino Kos of Portales Partners will join us as well, as we try to wrap up the week. 02:12 -It’s been a soup of a week, don’t you think? I mean… -'A soup of a week,' that’s a good way of putting it. 02:18 -…no real trends here. -Yeah, yeah. Well, we’re grasp – we're clutching at straws here. 02:21 Yeah, and don’t forget Jan Hatzius of Goldman Sachs with a far, more cautious view… 02:24 …he reaffirmed negative 3 percent for this quarter a few days ago. 02:29 Okay, we look forward to it. Bloomberg Surveillance starts at 7 am, runs through 10 am, New York time.