Never Underestimate Mario Draghi: Chillingworth

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Dec. 05 (Bloomberg) -- Julian Chillingworth, Chief Investment Officer at Rathbone Unit Trust Management, discusses monetary policy worldwide and a possible stimulus surprise for the EU. He speaks on Bloomberg Television’s “On The Move.” (Source: Bloomberg)

Ahead of the four -- ahead of the ecb and not the numbers.

The markets are probably very nervous and worried about the fact that a strong number from the united states will perhaps cause them to taper in december.

There are a lot of jitters around tapering and, at the end of the day.

They are going to rain in luxury policy.

That means a stronger policy.

I'm trying to get my head around the extra liquidity because they always prefer bad news at some point the stimulus will come out of the market.

I think that, at the end of the day, there is a bit of volatility around the beginning of tapering.

People should take the positive.

We are very optimistic about the outlook of the short and medium term in the united states.

You want to remain invested in it in a number of years -- for a number of years.

They haven't forecast answer plot -- surprised markets.

I think that they are very worried about the deflation coming in to the economies across europe.

I would not expect a surprise announcement.

There is a talk of bank deposits.

It he talks more broadly about the numbers and the market economies.

What is the next step?

Are we going into asset quality reviews?

Maybe?

You should never underestimate it.

He made surprises in the january and february part of the year with his package that does something a bit more than that there is a coalition agreement and i think she will be behind some of the stimulus.

Talk to me about your favorite picks.

Talk to me about the macro environment.

They are diverse.

Indeed.

They are a macro-play.

There is growth in china and the fact that it demonstrates some discipline and boost cash flow.

The cash flow comes through next year and stronger growth in oil prices.

We will go back to your your unit trust.

Coming up, we are joined later in the hour.

I will ask him about his 2014 investment strategy.

We'll have more on this story and if apple can deal with this on the move.

This text has been automatically generated. It may not be 100% accurate.

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