Skip to content
Bloomberg the Company & Its ProductsThe Company & its ProductsBloomberg Terminal Demo RequestBloomberg Anywhere Remote LoginBloomberg Anywhere LoginBloomberg Customer SupportCustomer Support
  • Bloomberg

    Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world

    For Customers

    • Bloomberg Anywhere Remote Login
    • Software Updates
    • Manage Products and Account Information

    Support

    Americas+1 212 318 2000

    EMEA+44 20 7330 7500

    Asia Pacific+65 6212 1000

  • Company

    • About
    • Careers
    • Diversity and Inclusion
    • Tech At Bloomberg
    • Philanthropy
    • Sustainability
    • Bloomberg London
    • Bloomberg Beta
    • Gender-Equality Index

    Communications

    • Press Announcements
    • Press Contacts

    Follow

    • Facebook
    • Twitter
    • LinkedIn
    • Instagram
  • Products

    • Bloomberg Terminal
    • Execution and Order Management
    • Content and Data
    • Financial Data Management
    • Integration and Distribution
    • Bloomberg Tradebook

    Industry Products

    • Bloomberg Law
    • Bloomberg Tax
    • Bloomberg Government
    • BloombergNEF
  • Media

    • Bloomberg Markets
    • Bloomberg Technology
    • Bloomberg Pursuits
    • Bloomberg Politics
    • Bloomberg Opinion
    • Bloomberg Businessweek
    • Bloomberg Live Conferences
    • Bloomberg Apps
    • Bloomberg Radio
    • Bloomberg Television
    • News Bureaus

    Media Services

    • Bloomberg Media Distribution
    • Advertising
  • Company

    • About
    • Careers
    • Diversity and Inclusion
    • Tech At Bloomberg
    • Philanthropy
    • Sustainability
    • Bloomberg London
    • Bloomberg Beta
    • Gender-Equality Index

    Communications

    • Press Announcements
    • Press Contacts

    Follow

    • Facebook
    • Twitter
    • LinkedIn
    • Instagram
  • Products

    • Bloomberg Terminal
    • Execution and
      Order Management
    • Content and Data
    • Financial Data
      Management
    • Integration and
      Distribution
    • Bloomberg
      Tradebook

    Industry Products

    • Bloomberg Law
    • Bloomberg Tax
    • Bloomberg Government
    • Bloomberg Environment
    • BloombergNEF
  • Media

    • Bloomberg Markets
    • Bloomberg
      Technology
    • Bloomberg Pursuits
    • Bloomberg Politics
    • Bloomberg Opinion
    • Bloomberg
      Businessweek
    • Bloomberg Live Conferences
    • Bloomberg Apps
    • Bloomberg Radio
    • Bloomberg Television
    • News Bureaus

    Media Services

    • Bloomberg Media Distribution
    • Advertising
  • Bloomberg

    Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world

    For Customers

    • Bloomberg Anywhere Remote Login
    • Software Updates
    • Manage Contracts and Orders

    Support

    Americas+1 212 318 2000

    EMEA+44 20 7330 7500

    Asia Pacific+65 6212 1000

Bloomberg UK

Switch Editions
  • UK
  • Europe
  • US
  • Asia
  • Middle East
  • Africa
  • 日本
Sign In Subscribe
  • Bloomberg TV+

    Bloomberg Surveillance

    Bloomberg Surveillance

    Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day.

    Bloomberg Radio

    Bloomberg Surveillance

    Bloomberg Surveillance

    The economy and markets are "under surveillance". Bloomberg Surveillance, covering the latest news in finance, economics and investments.

    Listen

    Quicktake

    Storylines: Heroin's Hidden Ingredient

    Storylines: Heroin's Hidden Ingredient

    A $324 jug of acetic anhydride made in Mexico by an American company was enough to produce 90,000 hits of high-grade heroin. The drug cartels can't get enough of it.

    Also streaming on your TV:

    • Markets
      Markets
      • Economics
      • Deals
      • Odd Lots
      • The FIX | Fixed Income
      • ETFs
      • FX
      • Factor Investing
      • Alternative Investing
      • Economic Calendar
      • Markets Magazine
      Toronto Bankers Trickle Back Downtown, Echoing Wall Street Peers

      Markets

      Canada Pension Posts 6.8% Return as Equity Selloff Mutes Gains

      A Kohl's Department Store Ahead Of Earnings Figures

      Business

      Kohl’s Cuts Profit View as Higher Costs Ensnare Another Retailer

      Market Data

      • Stocks
      • Commodities
      • Rates & Bonds
      • Currencies
      • Futures
      • Sectors

      Follow Bloomberg Markets

      View More Markets
    • Technology
      Technology
      • Work Shifting
      • Code Wars
      • Checkout
      • Prognosis
      Opening Day of Mobile World Congress Barcelona 2022

      Technology

      Xiaomi Logs First Revenue Fall After Covid, War Hurt Demand

      Grab In Singapore Ahead Of Earnings Release

      Technology

      Grab Revenue Rises, Loss Narrows on Rising Ride-Hailing Demand

      U.K. to Pursue Sale of State-Owned Broadcaster Channel 4

      Future of British Business

      UK Set to Lift Channel 4 Public TV Rules After 10 Years

      Follow Bloomberg Technology

      View More Technology
    • Politics
      Politics
      • US
      • UK
      • Americas
      • Europe
      • Asia
      • Middle East
      U.K. Prime Minister Boris Johnson Hosts Japan's Prime Minister Fumio Kishida

      Politics

      Boris Johnson Avoids More Fines as Police End ‘Partygate’ Probe

      North Korea Koreas Tensions

      Politics

      Biden Has Little to Entice Kim Jong Un to Stop Weapons Tests

      Featured

      • Next China

      Follow Bloomberg Politics

      View More Politics
    • Wealth
      Wealth
      • Investing
      • Living
      • Opinion & Advice
      • Savings & Retirement
      • Taxes
      • Reinvention
      gianluigi aponte GETTY sub

      Wealth

      Ex-Banker Builds $19 Billion Fortune From Global Shipping Boom

      Key Speakers At The Sohn Investment Conference

      Wealth

      Plotkin Shuts Melvin Hedge Fund Left Reeling by Redditor Attack

      Featured

      • How to Invest

      Follow Bloomberg Wealth

      View More Wealth
    • Pursuits
      Pursuits
      • Travel
      • Autos
      • Homes
      • Living
      • Culture
      • Style
      With Sequel Plans, Rob Reiner Turns 'Spinal Tap' Up to 11

      Pursuits

      With Sequel Plans, Rob Reiner Turns 'Spinal Tap' Up to 11

      EuroMillions winners

      Pursuits

      Winners of £184 Million EuroMillions Jackpot Revealed

      Featured

      • Screentime
      • New York Property Prices
      • Where to Go in 2022

      Follow Bloomberg Pursuits

      View More Pursuits
    • Opinion
      Opinion
      • Business
      • Finance
      • Economics
      • Markets
      • Politics & Policy
      • Technology & Ideas
      • Editorials
      • Letters
      MEXICO-HOLY WEEK-TOURISM-FEATURE

      Sarah Green Carmichael

      Goldman Sachs Now Has Wall Street's Best Vacation Policy

      Fed Chair Powell Holds News Conference Following FOMC Rate Decision

      Conor Sen

      Welcome to Our Be-Careful-What-You-Wish-For Economy

      Bitcoin 2022 Conference Draws Cryptocurrency Industry Professionals And Investors To Miami

      Liam Denning

      The Tricky Politics of Anti-ESG Investing

      Follow Bloomberg Opinion

      View More Opinion
    • Businessweek
      Businessweek
      • The Bloomberg 50
      • Best B-Schools
      • Small Business Survival Guide
      • 50 Companies to Watch
      • Good Business
      • Subscribe to the Magazine
      A $60 Billion Crypto Collapse Reveals a New Kind of Bank Run

      Finance

      A $60 Billion Crypto Collapse Reveals a New Kind of Bank Run

      The Math Prodigy Whose Hack Upended DeFi Won’t Give Back His Millions

      Feature

      The Math Prodigy Whose Hack Upended DeFi Won’t Give Back His Millions

      UK Is About to Become Stagflation Nation

      Economics

      UK Is About to Become Stagflation Nation

      Follow Bloomberg Businessweek

      View More Businessweek
    • Equality
      Equality
      • Corporate Leadership
      • Capital
      • Society
      • Solutions
      ‘Toxic’ London Law Firm White & Case  Accused of Forcing Out Grieving Lawyer

      Equality

      ‘Toxic’ London Law Firm White & Case  Accused of Forcing Out Grieving Lawyer

      How Cash Payments Changed Low-Income Americans’ Lives

      Economy

      How Cash Payments Changed Low-Income Americans’ Lives

      As Covid Lingers, Mastercard Revamps NYC Offices for a New Era

      Equality

      Mastercard to Cover Employees’ Travel for Out-of-State Abortions

      Follow Bloomberg Equality

      View More Equality
    • Green
      Green
      • Science & Energy
      • Climate Adaptation
      • Finance
      • Politics
      • Culture & Design
      Germany Braces for Strong Storms, Possible Tornadoes

      Green

      Germany Braces for Strong Storms, Possible Tornadoes

      Tesla Dealerships And Charging Stations Ahead Of Earnings

      Finance

      Tesla’s Removal From S&P Index Sparks Debate About ESG Ratings

      Featured

      • Data Dash
      • Hyperdrive

      Follow Bloomberg Green

      View More Green
    • CityLab
      CityLab
      • Design
      • Culture
      • Transportation
      • Economy
      • Environment
      • Housing
      • Justice
      • Government
      • Technology
      South Dakota Faces Rising Covid-19 Cases

      Housing

      Counties Pledge to Break the Cycle Between Jail and Homelessness

      Time zones abstract concept vector illustration.

      Design

      Architects Draft a New Blueprint for a Labor Movement

      Police protest Corky Lee

      Culture

      A Photographer’s Mission to Write Asian Americans Back Into History

      Follow Bloomberg CityLab

      View More CityLab
    • Crypto
      Crypto
      • Decentralized Finance
      • NFTs
      • Regulation
      • Technology
      US-BITCOIN-FTX

      Crypto

      FTX US Offers Trading of Old-School Stocks as Crypto Backstop

      Key Speakers At The Bitcoin Conference

      Crypto

      Julius Baer Braves ‘Bubble-Burst’ Moment in Crypto Wealth Push

      Cryptocurrencies in the Czech Capital as Traders Assess Stablecoin Fallout

      Crypto

      Bitcoin Price Chart Suggests Rally Is Looking Shaky 

      Follow Bloomberg Crypto

      View More Crypto

Live on Bloomberg TV

CC-Transcript

  • 00:00WE UNDERSTAND THEY MAY LOOK AT OFFLOADING AND LOOK AT PUTTING NEGATIVE RATES ON LOAN. DOES T IT TELL YOU THEY ARE NERVOUS? LARRY: IT TELLS YOU BELATEDLY THAT THEY ARE TO SOME EXTENT FOR STABILITY OF THE SYSTEM, AND IT CERTAINLY IS PERHAPS ALSO A SIGN THAT NEGATIVE RATES ALONE MAY NOT SPUR THE LENDING ACTIVITY THEY WOULD LIKE TO SEE THROUGH HAPPEN RUN THIS THOSE CHANNELS. FRANCINE: HOW MUCH MORE CREATIVE WILL CENTRAL BANKS GET AND IT'S NOT ONLY THAT THEY ARE THINKING TIME-OUT BOX. THEY DON'T HAVE A BOX ANYMORE. LARRY: WE HAVE HEARD FROM BEN BERNANKE ON THIS PARTICULAR ISSUE. BUT WE HAVE SEEN THAT GLOBALLY I HAD AN NATION HAD BEEN HELD DOWN AND FALLING PRICES TO THE STHEAVENT THEY CAN HOLD THESE LEVELS WE'LL PROBABLY SEE THOSE NUMBERS HOLD FAR BIT. BUT NOT LIKELY TO BE REPEATED. TOM: LARRY, IT'S A FRIDAY. NOT MUCH IS GOING ON IN THE MARKETS. IT'S TIME FOR A HATHAWAY RECALIBRATION. HOW ARE WE DOING IN OUR RENATION? WE ARE REINFLATING. WHAT SCORECARD DO YOU GIVE US FOR OUR RENATION? LARRY: WELL, THE RENATION FOR THINGS LIKE CONSUMER PRICE SINCERE ONLY EVIDENT IN A FEW PLACES AND MOST EVIDENTLY IN THE UNITED STATES WHERE THE FED HAS LARGELY CHOSEN TO IGNORE THE UPTICK IN CONSUMER PRICES. IT'S HARDER TO ACHIEVE LEVELS OF ACTIVITY. OBVIOUSLY, YOU DON'T REALLY SUPPORT MUCH BY WAY OF INFLATION PRESSURES, BUT MARKETS AND FOR THAT MATTER POLICY MAKEERS HAVE BEEN A LITTLE BIT TOO EXTREME IN THEIR TAKE ON WHAT'S DRIVELING WORLDWIDE ECONOMIC ACTIVITY. I THINK THOSE FEARS HAVE QUITE RIGHTLY BEEN PUT TO REST. NOR ARE THEY LIKELY ALL THAT GOOD BUT THOSE MEDSES WE JUST TALKED ABOUT. TOM: IF YOU LOOK AT A DOW JONES CHART, NOT ALL THAT EXCITING. POSITIVE GROWTH A SURPRISE, LARRY, YOU'RE TALKING ABOUT POSITIVE GROWTH SURPRISES. WHERE ARE THEY? LARRY: SO THOSE GOOD SURPRISES ARE FAIRLY BROAD BASED. AS WE SEE THEM ACROSS THE SECTORS OF ECONOMIC ACTIVITY ACROSS AREAS OF GEOGRAPHY, PERHAPS THE MORE ENCOURAGING HAVE BEEN THAT SERVICES HAD BEEN HOLDING UP BOTH DEVELOPED AND EMERGING ECONOMIES THROUGH MOST OF THE CONCERNED PERIODS OF GROWTH THAT WE HAVE RE-VISITTED IN THE LAST SIX MONTHS, IT DOES APPEAR AS THOUGH WE ARE BEGINNING TO TURN THE CORNER. IT SOME OF THE ADJUSTMENTS MAY BE MORE FULLY REALIZED, AND FOR THAT PERSPECTIVE, IT'S ALSO SHOWN A LITTLE BIT BETTER NUMBERS. FRANCINE: LARRY, ARE WE TURNING BETTER NUMBERS? I READ THE KEY TAKE AWAY FROM THE THURSDAY WAS THE DE FACTO CEASE-FIRE AGREED IN THE SHANGHAI MEETING OF G-20 ECONOMIES SEEMS TO BE IN FORCE. IS THAT RIGHT? LARRY: I DON'T REALLY KNOW IF THERE WAS A DE FACTO CURRENCY WAR CESSATION AND SOME OF THE CONCERNS ABOUT DOLLAR STRENGTHS, HOW THAT MIGHT PLAY OUT IN THE EMERGING MARKETS WAS PROBABLY PART OF THAT GENERAL DISCUSSION BUT SURELY NONE OF THE CENTRAL BANKS ARE GOING TO TIE THEIR HANDS TO CURRENCY AND HAVE STRONG OBJECTIONS AND OBJECTIVES THEY ARE TRYING TO ACHIEVE.
  • NOW PLAYING

    Central Bank Extremes Not Likely Repeated: Hatheway

  • 06:50

    Bolt to Invest Heavily in Micromobility

  • 15:25

    What's Next for the UK Economy: New Voices Discussion

  • 06:52

    Easyjet CEO on Summer Bookings, Outlook, Staff Shortages

  • 12:45

    First Look With Surveillance: Stocks Slide, China Warns US

  • 47:18

    'Bloomberg Daybreak: Europe' Full Show (05/19/2022)

  • 01:23

    China Warns US of ‘Dangerous Situation’ Over Taiwan

  • 01:25

    Daybreak Europe Show Open: Growth Under Pressure

  • 01:28

    G-7 Convenes With Russia, Global Economy Topping Agenda

  • 07:07

    El Adou: Inflation Squeezing Retailers' Margins

  • 02:06

    Sri Lanka Enters Default, Warns of Surging Inflation

  • 05:08

    Stocks Extend Rout on Growth Fears

  • 03:58

    The Age of Scarcity Begins for the Global Economy

  • 48:18

    'Bloomberg Daybreak: Middle East' Full Show (05/19/2022)

  • 01:04

    Sri Lanka Enters Default and Warns of Surge in Inflation

  • 03:10

    Stock Selloff, Fed Put, Treasury Yields: 3-Minute MLIV

Stream Schedule:

U.S. BTV+
  • U.S. BTV+
  • U.S. BTV
  • Europe BTV
  • Asia BTV
  • Australia BTV
  • U.S. Live Event
  • EMEA Live Event
  • Asia Live Event
  • Politics Live Event
No schedule data available.

Central Bank Extremes Not Likely Repeated: Hatheway

  • Bloomberg Surveillance

  • TV Shows

April 22nd, 2016, 9:44 AM GMT+0000

Larry Hatheway, chief economist at Gam Holding Group, discusses a report that the Bank of Japan may eye possible negative loan rates, reflation efforts by central banks, and where he finds market growth surprises. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)


  • More From Bloomberg Surveillance

    • 02:16:45

      'Bloomberg Surveillance Simulcast' Full Show 5/18/2022

      19 hours ago
    • 00:57

      Juckes: It's Blind Luck If Europe Can Avoid a Recession

      20 hours ago
    • 02:13:34

      'Bloomberg Surveillance Simulcast' Full Show 5/17/2022

    • 04:36

      Retail Sales Rise in April Despite Record Inflation

    All episodes and clips
  • Bloomberg Markets

    "Bloomberg Markets" is focused on bringing you the most important global business and breaking markets news and information as it happens.
    More episodes and clips
    • 06:52

      Easyjet CEO on Summer Bookings, Outlook, Staff Shortages

    • 01:04

      Sri Lanka Enters Default and Warns of Surge in Inflation

    • 03:10

      Stock Selloff, Fed Put, Treasury Yields: 3-Minute MLIV

    • 02:12

      Singapore Airlines Narrows Losses

  • QuickTake

    Explaining the world with Bloomberg News
    More episodes and clips
    • 01:42

      Ikea to Start Selling Renewable Energy to Homes in Sweden

    • 02:17

      Power of TikTok Shown to Boost Sales

    • 03:03

      Grocery-Store Boom to Outlive Pandemic?

    • 02:45

      Inside the History of Montreal’s Plex Homes

See all shows
Terms of Service Trademarks Privacy Policy ©2022 Bloomberg L.P. All Rights Reserved
Careers Made in NYC Advertise Ad Choices Help