Lots More on the Coming 20-Year Storm with Viktor Shvets

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 29 November 2024

⏱️ 31 minutes

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Summary

The election of Donald Trump, with his promise of more tariffs and a much tighter stance on immigration is a source of major macro uncertainty. To some it marks the end of a certain neoliberal consensus about globalization, and the pre-eminent role played by financial markets. According to today's guest, we're at the beginning of a long, turbulent period that may not be resolved for two decades to come. On this episode, we speak with macro strategist Viktor Shvets, and author of the new book, The Twilight Before the Storm: From the Fractured 1930s to Today's Crisis Culture. He talks about the big rethink that's underway on a whole host of issues that pertain to the global economy, starting with trade, and why it will take years for the dust to settle.

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Transcript

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0:00.0	Direct lending has been one of the most dynamic areas of the private alternative space these last few years,
0:05.9	having grown massively as a source of capital for both corporate borrowers,
0:10.0	but also financial sponsors that have kept going from strength to strength,
0:13.5	and have needed that private capital to foster the growth that they've been experiencing.
0:17.8	For leading alternative investing insights, listen to Speaking of Alternatives from
0:24.0	P-GIM. The forces shaping markets and the economy are often hiding behind a blur of numbers.
0:30.6	So that's why we created the big take from Bloomberg podcasts to give you the context you need
0:36.2	to make sense of it all.
0:42.0	Every day in just 15 minutes, we dive into one global business story that matters.
0:44.9	You'll hear from Bloomberg journalists like Matt Levine. A lot of this meme stock stuff is, I think, embarrassing to the SEC.
0:49.4	Follow the Big Take podcast on the IHeart Radio app, Apple Podcasts, or wherever you listen.
0:58.2	Bloomberg Audio Studios.
1:00.9	Podcasts, Radio News.
1:03.6	Joe, it started.
1:05.2	It started.
1:06.0	It's what, like two, three weeks later?
1:08.7	Yeah, so we had, yeah, three weeks, weeks basically since the election and the trade war, at least
1:14.4	to some extent, maybe a trade skirmish.
1:16.6	We don't really know what's going to happen.
1:17.8	It's kind of begun.
1:18.8	It started last night.
1:19.8	Yeah, so Trump, he didn't tweet.
	...

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