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Bloomberg Surveillance

Single Best Idea with Tom Keene: Eswar Prasad & Jed Kolko

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.81.2K Ratings

🗓️ 3 February 2026

⏱️ 3 minutes

🧾️ Download transcript

Summary

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. 

In this episode, we feature our conversations with Cornell University’s Eswar Prasad & Jed Kolko of the Peterson Institute for International Economics. 

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF

 

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Bloomberg Audio Studios, Podcasts, Radio News.

0:12.2

A single best idea.

0:14.1

I'll get this out on Twitter and LinkedIn, but it's a stunning book.

0:18.6

It's not that long of a book, The Doom Loop, Asar Prasad of Cornell,

0:23.1

why the world economic order is spiraling into disorder. I can't, in all of my career, I can't

0:30.7

imagine someone who is so wonderfully optimistic about the system writing such a difficult book. Edward Prasad with the

0:40.6

doom loop is just about where we are after our experiment in globalization. Here, author of

0:47.6

the doom loop, as R. Prasad. As I thought about all the forces that I was going to argue would push us

0:53.3

back to a more stable

0:54.6

world, a more stable equilibrium.

0:56.6

I began to realize that each of these forces might actually generate more instability rather

1:01.4

than stability.

1:02.8

So the book ended up being one about where economics, domestic politics and geopolitics,

1:08.4

which always go on parallel tracks, they intersect with each other, but in this case, they're feeding off each other into a negative

1:14.0

loop, a negative feedback loop and bringing out the worst in each other.

1:18.2

Asar Prasad, I can't say enough how odd this book is.

1:23.3

To have Edward Prasad do a book called The Doom Loop is just extraordinary.

1:30.9

Janet Yellen says, Prasad's compelling and clear-eyed analysis, etc.

1:36.1

I'll take a careful look at that.

1:37.5

You may hear much more about that through the year.

1:41.7

Jet Coco in today.

1:43.7

Jet Coco is something ages Ages ago, it truly, he basically invented

...

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