Is A Credit Event Coming?

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 1 November 2023

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

🚀 The Exponential Age is going to permanently change the world on every level, including your day-to-day life. Have it work in your favor - https://rvtv.io/3FAb8hj Dr. Komal Sri-Kumar, president of Sri-Kumar Global Strategies, joins Maggie Lake to discuss the impact of Fed Chairman Powell's statements during today's meeting and explore the dynamics surrounding the supply and demand of US Treasuries. Get more of Sri's incredible research here: https://srikonomics.substack.com And don’t forget to check out the Exponentialist, Raoul Pal and David Mattin's new research service on how technology is reshaping our world and what the Exponential Age means for investors: https://www.realvision.com/thefuture Unlock the potential to showcase your brand to our global audience. Contact us at partnerships@realvision.com for advertising inquiries. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	People are going to lose their minds. This is a moment in history, unlike anything humanity's
0:04.5	gone through. It's a very different world for humans to come. Take a step back and see the
0:08.8	broad picture, which is the way all these technologies are interlinked. Because this is all about
0:14.4	exponentiality, and humans can't think at exponential terms. How consequential do you want to say
0:19.9	machine intelligence is? It's almost certainly as consequential as writing. How long did writing
0:25.7	take to disseminate through the human population, you know, hundreds, thousands of years, and we're
0:30.9	dealing with it now on a scale of months. But in this kind of world, you're comparing 100%
0:36.0	growth every year, and the numbers become astronomical. AI is going to spot patterns in the world
0:43.0	that we're just completely invisible to us, even if you think that the AI and the robots are your
0:48.2	demise. You might as well blood the invest in and make some money out of it. If not, you're just
0:52.4	going to be angry man, shaking your fists at the clouds.
1:09.8	Is a credit event coming? Hi everyone. Welcome to the Real Vision Daily Briefing. With me
1:14.0	today is Dr. Sri Kumar, president of Sri Kumar Global Strategies. Hi, Sri. Welcome back to the
1:19.7	Daily Briefing. Good to be back with you Maggie. And as always on a perfect day, we love talking to
1:25.9	on Fed day, and we had the Federal Reserve Policy Committee announced that it is leaving its benchmark
1:31.2	rate unchanged. That opened the door for a stock market rally. We saw a pretty decent gains across
1:37.8	the board. Now stuck the best performer up about 1.6 percent, S&P up, S&P 500 up a percent,
1:43.8	down up more than a half a percent, and even the Russell, which was down earlier, that was the
1:48.8	laggard all day. That managed to pop into positive territory at the very end. We saw the vix
1:53.8	come down 7 percent and the treasury yields hanging the two year below 5 percent, the 10 year hanging
2:01.4	around 4.77. So when we look at, and then of course we have the press conference. So not only do
2:07.2	we have the decision, but we had Jay Powell taking questions from journalists and reporters. What
	...

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