David Rubenstein: Inflation, a Temporary Problem

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 16 November 2021

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Billionaire investor and founder of The Carlyle Group David Rubenstein discusses the risks and longevity of inflation. Having worked in the Carter Administration, Rubenstein considers whether today’s economic environment might match that of the 1970s. In his extended interview, he discusses the markets, the supply chain, President Biden’s economic agenda, the Fed, and crypto. CNBC’s Kayla Tausche recaps the virtual meeting between President Xi and President Biden, highlighting the key topics of concern: Taiwan, trade, and Covid-19. Plus, crypto is falling, and meat and dairy prices are rising. In this episode: Kayla Tausche, @kaylatausche David Rubenstein, @DM_Rubenstein Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:04.0	This is Squawk Pod. I'm C NBC producer Katie Kramer today on our podcast.
0:09.0	David Rubinstein, a special interview with the founder of the Carlisle Group and billionaire investor.
0:15.0	Inflation is higher than the Fed would like it, and higher than you and I would like it, but I don't think we're going to the 1970s again.
0:21.0	I think it's a temporary problem. How long inflation will last, what the
0:25.1	markets are worried about and how crypto fits into it all.
0:28.4	crypto though is here to stay. I don't think people are going to use it only as a
0:32.0	proxy for inflation. I think they just
0:33.8	see it as a different way to make an investment decision. We've got that big
0:37.9	interview plus a high-stakes video chat between President Biden and President
0:42.0	she, see NBC's Kayla Toushi.
0:43.9	The administration has been clear that it is seeking
0:46.6	a sort of reset in China policy.
0:48.6	It won't use that word.
0:50.5	Those stories and talking turkey, today on the podcast.
0:55.0	It's Tuesday, November 16, 2021.
0:58.0	Squawk Pod begins right now.
1:01.0	Stand Becky by in three, two, one, fuel please.
1:05.0	Good morning everybody.
1:07.0	Welcome to Squawk Box here on C.
1:08.0	I'm Becky Quick along with Joe Kernan.
1:11.0	Andrew is off today. The price of
	...

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