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Bloomberg Surveillance

Surveillance: 2021 Outlook With BofA's Blanch

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.81.2K Ratings

🗓️ 31 December 2020

⏱️ 32 minutes

🧾️ Download transcript

Summary

Francisco Blanch, BofA Head of Global Commodities & Derivatives Research, says the flurry of liquidity is driving the divergence in asset values. Lara Rhame, FS Investments Chief U.S. Economist, explains why 2021 will be a balancing act of long-run optimism with near-term challenges. Deborah Fuller, University of Washington School of Medicine Microbiology Professor, discusses the long-term effects of Covid-19. Karen Pierce, U.K. Ambassador to the U.S., says a trade deal with the U.S. can be done in 2021.

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Transcript

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0:00.0

When you get your news from Bloomberg, you don't just get the story. You get the story behind the story.

0:07.0

How your Evie's battery may not be as green as it seems.

0:11.0

Why a decrease in global birth rates could send countries scrambling to increase immigration.

0:16.2

You get context.

0:17.6

And context changes how you see things, how you change things, because context changes everything. Go to Bloomberg

0:24.6

dot com to get context. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene.

0:43.6

Daily, we bring you insight from the best in economics, finance, investment, and international

0:48.9

relations.

0:49.9

Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course,

0:56.2

on the Bloomberg.

0:58.0

Francisco Blanch, B of A, head of global commodities and derivatives research research joins us.

1:03.4

What's your take on this?

1:04.6

You've been writing about Bitcoin here and there

1:07.2

for years now, Francisco.

1:09.2

Has it now been accepted, widely accepted in the institutional investment community?

1:17.0

Well, look, I think, I think, uh,

1:21.0

cryptocurrencies in general and Bitcoin in particular are I think

1:23.7

crypto currencies in general and Bitcoin in particular are to your earlier question. I think they're clearly they're

1:27.6

clearly tokens and tokens are

1:30.5

commodities so I wouldn't necessarily qualify them as currencies.

1:34.6

Currencies are issued by a government.

1:38.9

Bitcoin or any any cryptocurrency can be issued by almost anyone right so in that sense it's a bit

...

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