Markets Have Been Ridiculously Overpriced for Weeks, Gartman Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 19 October 2017
⏱️ 39 minutes
🧾️ Download transcript
Summary
Dennis Gartman, the editor and publisher of the Gartman Letter, reacts to the recent highs in the stock market and says markets have been ridiculously overpriced lately. Prior to that, Alan Ruskin, Deutsche Bank's global head of G-10 FX strategy, says 1987's Black Monday was extraordinary but 2008 was far worse. Finally, Saadia Madsbjerg, the managing director at the Rockefeller Foundation, says the forest fire prevention budget is under pressure.
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| 0:00.0 | Business stories aren't just about business. They're also about policy, politics, finance, and more. |
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| 0:24.7 | Bloomberg in-car apps are sponsored by interactive brokers. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene with David Gura. |
| 0:44.7 | Daily, we bring you insight from the best of economics, |
| 0:47.8 | finance, investment, and international relations. |
| 0:50.8 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg. the global head of G10 FX Strategy at |
| 1:05.7 | Deutsche Bank, joins us here in our Bloomberg 1130 studios in New York. |
| 1:09.4 | Let's start with the news out of Spain, right of Northern Spain, I suppose I should say. |
| 1:13.0 | What does this mean for the economy of the region more generally? |
| 1:15.8 | There are a number of other places, not unlike Catalonia. |
| 1:18.6 | They're probably watching what's unfolding. |
| 1:20.4 | They're watching this dynamic between Spain and Catalonia. |
| 1:24.0 | What are the lessons to be learned both politically and economically from what we're seeing happen there? |
| 1:27.0 | Well, I think there's some danger that what you have is some resources get pulled out of Catalonia to other regions in Spain and |
| 1:37.0 | you know net net those other regions probably benefit to some degree Catalonia |
| 1:42.2 | loses out. The uncertainty overall |
| 1:46.0 | probably means that Spain tends to lose out to some extent and I think |
| 1:51.5 | you're seeing that in some of the downward revisions to growth but for the moment at least I think you know those |
| 1:56.1 | downward revisions are quite modest does it say anything to you about the the future of the |
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