Still Vigor in the Global Economy, Crescenzi Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 17 August 2018
⏱️ 33 minutes
🧾️ Download transcript
Summary
Tony Crescenzi, PIMCO Market Strategist, says the U.S. economy is late cycle. Romaine Bostick, Bloomberg News Editor, discusses scaling back the frequency of quarterly reporting per President Trump's tweet. Jay Bryson, Wells Fargo Global Economist, thinks Turkey's crisis is more idiosyncratic than systemic. Ed Yardeni, Yardeni Research President, says earnings are coming in stronger than he expected. Dana Telsey, Telsey Advisory Group Chief Research Officer, says JC Penney's search for a CEO is essential to the company's future.
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Transcript
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| 0:00.0 | The media alone can't ease the tensions that come from the debate surrounding the issues we deal with every day. |
| 0:05.7 | However, we can create spaces where people can freely kick the tires of their preconceived notions. |
| 0:11.2 | I'm Tim O'Brien, and I'm the senior executive editor at |
| 0:13.8 | Bloomberg Opinion. On our platform we ask tough questions and solve complex |
| 0:18.1 | problems with the facts in mind. Because context changes how you see things and |
| 0:22.4 | how you change things. |
| 0:23.6 | Context changes everything. |
| 0:25.6 | Start exploring our opinion coverage and more at Bloomberg.com slash subscribe. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene. |
| 0:43.5 | Daily, we bring you insight from the best in economics, finance, investment, |
| 0:48.0 | and international relations. |
| 0:49.9 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the Bloomberg. Tony Cresensi hoping we don't talk to him about Tesla Pimco's markets |
| 1:07.7 | trying to jistly joins us around a table. Don't worry Tony we're not gonna do |
| 1:11.2 | it. Do you want to talk about it do you want to talk about tweeting and |
| 1:13.4 | driving or ambient well I'm very careful about I'm a I drive with two feet and |
| 1:18.0 | which I tell you not to do but I've not had an accident knock wood in 30 years. I'm a defensive driver. |
| 1:24.8 | You're a defensive driver? What is it? What is a defensive driver? |
| 1:27.8 | Meaning my foot being on the break at all times means I'm I think I'll be safe. |
| 1:31.0 | It's all dangerous. Tony it's great to have you with us. |
| 1:34.0 | Let's talk about a market, shall we? |
| 1:36.0 | Where's the conviction call line for you right now? |
| 1:39.0 | The conviction is to go up in quality, up in cash, and up in the capital structure. It is late cycle, meaning the U.S. |
| 1:49.1 | expansion is entering its 10th year. Once next June arrives, we'll have seen the longest US peacetime expansion ever. |
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