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Single best idea and our single best idea is when there is tragedy, we go to the science of aviation with Bloomberg Intelligence. This has obviously been a commitment by Bloomberg for well over thirty years. It was definitive in Dallas with George Ferguson and Mary Schlangenstein, and we just build out an ability to look at Boeing and then out of London and down to Paris to look at Toulouse and Airbus. We're committed to the coverage of aviation
and today was a very difficult day. We thank Danny Lee and Bangkok who was absolutely spectacular on Asia in the reach from the Pacific rim over to Mumbai and Amenabad to speak after this terrible plane crash. In particular George Ferguson yeoman's duty, not in Dallas, George Ferguson definitive in the industry and Oslo at a conference. We thank him for giving us some real wisdom on the seven eighty seven, the seven seventy seven and our safety to fly.
Francis Donald stopped by with RBC Capital Markets wonderful to calculation of GDP Francis Donald on these uncertain.
Times, Well, there's all sorts of measures of uncertainty, and no surprising, whatever measure you're using is at an all time high. And what that means for forecasters but also for businesses. My clients, the CEOs that I talk do you hear from them? What I hear is we have to risk manage around downside and upside. We can't have one scenario that we base our business operations on. We
have to plan and prepare for a wide range. But this uncertainty, it is not actual policy that is problematic here, although yes, there are some elements of it that are problematic. It's what is the game that we're playing. We cannot write the playbook until we know what the game is itself, And so forecasters and businesses are actually operating with much ward wider set of scenarios available.
Francis Donald of RBC Capital Markets, the vice chairman and the former vice chairman, Richard Clarita of Columbia University, and of course all of his work at PIMCO was with us today. This before the June eighteenth FED meeting. I asked him a question I'm certain I've never asked him before Richard Clarina on gold.
I'm following this pretty closely because the purchases in the official data, the purchases of gold are large, and they've been picking up. I'll share an anecdote with you. I was in Asia ten years ago seeing a very sophisticated official investor, official institution investor, and we were talking about gold even then. This is like twenty fourteen, twenty fifteen, and that was in the context of Kiwi Infinity, and I said to him, well, why invest in gold. You
can buy inflation index security. It gives you a hash against inflation. And he looked at me and he said, gold doesn't default. And so I don't think the US is going to default either, but certainly we have seen that allocation. And again talk about back to the future. I mean central backs have been holding gold as a reserve for hundreds of years, and so we're sort of getting back into that mindset.
Richard Claire to there on gold. I really never thought I would speak with one of our great academics on monetary theory about gold. But there is the surprises of surveillance and your commute across the nation, across Canada, serious exem channel one, twenty one, Humbled by that old technology boy. It delivers each and every day Good Morning ninety nine one FM in Washington, ninety two nine in Boston, and Bloomberg eleven three to zero in New York. YouTube. Subscribe
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