Models Don't Work in Crisis, says Spence.
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 16 May 2018
⏱️ 36 minutes
🧾️ Download transcript
Summary
Michael Spence, Nobel Laureate & NYU Professor of Economics & Business, says models don't work in crisis, but experience does. David Riley, Bluebay Asset Management Chief Investment Strategist, says the resurgence in the U.S. dollar is the pain trade for markets. Jane Foley, Rabobank Senior FX Strategist, thinks the consensus short dollar position for 2018 is capitulating. Miranda Carr, Haitong International Executive Director of Equity Research, says China cannot rely on U.S. Technology in the long term. Kevin Cirilli, Bloomberg Television & Radio Chief Washington Correspondent, finds its hard to say that these congressional investigations aren't political at this point.
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Transcript
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| 0:00.0 | To me, context is about pattern recognition. |
| 0:02.8 | It's connecting the dots. |
| 0:04.4 | It's giving readers an ability to synthesize |
| 0:07.6 | a number of different perspectives |
| 0:09.2 | so they can understand how the greater whole works, |
| 0:12.0 | because nothing really occurs in isolation anymore. |
| 0:14.4 | I'm Tim O'Brien and I'm the senior executive editor at Bloomberg Opinion. |
| 0:18.0 | On our platform, we ask tough questions and solve complex problems with the facts in mind. |
| 0:23.0 | Start exploring our opinion coverage and more at Bloomberg.com slash subscribe. Welcome to the Bloomberg Surveillance Podcast, I'm Tom Keene. |
| 0:40.0 | Daily, we bring you inside. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene. |
| 0:43.5 | Daily, we bring you insight from the best |
| 0:45.9 | in economics, finance, investment, |
| 0:48.1 | and international relations. |
| 0:49.8 | Find Bloomberg Surveillance on Apple Podcasts SoundCloud, Bloomberg.com, and of course, on the Bloomberg. I'm going to steal from John Farrell right now folks. You do that when you're speaking |
| 1:07.0 | to the Laureate Michael Spence of New York University and that when you're a gentleman |
| 1:12.4 | who changed graduate school education across this nation |
| 1:16.2 | profoundly as Michael Spence did at Stanford GSB a few years ago. |
| 1:22.6 | And when you do what he did within economics |
| 1:24.7 | across numerous economics platforms, |
| 1:27.0 | including our study of information, |
| 1:29.8 | how we receive, how we push, |
| 1:31.7 | how we miss information with his Nobel Prize with Mr. |
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