RBS `Short' on Italian Banks Amid Uncertainty
Feb. 26 (Bloomberg) -- Alberto Gallo, head of European macro credit research at Royal Bank of Scotland Group Plc, talks about the Italian parliamentary election results, the prospects for a second round of voting and investment strategy. He speaks with Francine Lacqua on Bloomberg Television's "The Pulse." (Source: Bloomberg)
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The Inflation Sensation Making Investors Think Twice
28:39 - Jeffrey Gundlach, who in late 2014 said “TIPS are for losers,” now views Treasury Inflation Protected Securities as a good investment amid rising inflation. The securities have returned 7.5 percent in 2016, compared with a 4.5 percent gain for nominal U.S. sovereign debt, Bank of America Corp. indexes show. In Europe, ECB President Mario Draghi has come under fire in German media for causing an “inflation trap” -- an extended period of low interest rates paired with price gains that hurt the country’s savers. Goldman Sachs European Equity Strategist Sharon Bell discusses with Guy Johnson in London and Caroline Hyde in Berlin on "Bloomberg Markets: European Open."