Surveillance: BOE Bond-Buying with Blanchflower

Bloomberg Surveillance

Bloomberg

News, Business, Business News, Investing

3.8 • 1.2K Ratings

🗓️ 28 September 2022

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Danny Blanchflower, Dartmouth College Professor of Economics and Former BOE Monetary Policy Committee Member, says UK markets are now in chaos. Katrina Dudley, Franklin Mutual Series Portfolio Manager, says the Bank of England's purchase of long-dated UK government bonds is a "quantitative conundrum." Alan Ruskin, Deutsche Bank Chief International Strategist, says the BOE's move places even more pressure on them at the front end of the curve. Saira Malik, Nuveen Chief Investment Officer, says that as long as the dollar and yields continue to move upward, investors need to brace themselves for more pain.

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0:00.0	Is inflation finally on the retreat? Can labor markets withstand an economic slowdown and demographic
0:05.9	headwinds? Will the tense geopolitical climate ease or escalate? This is the Outthinking
0:11.4	Investor. Join us as we re-examine the past, present-day opportunities and future possibilities
0:18.3	in global capital markets. The Outthinking Investor, an award-winning
0:23.2	podcast from PGIM. This podcast is intended solely for professional
0:27.1	investor use. Past performance is not a guarantee of future results.
0:31.0	This is Barry Rittles here to tell you about another podcast we think you'll love
0:35.2	listening to. Masters in Business. Join each week for an enlightening conversation with some of
0:40.6	the smartest people in investing and business. Doing business in Europe, it's
0:45.5	told about being local. Stocks are way too cheap. This is where you want to be.
0:49.0	I think life and markets are intertwined. Subscribe to Masters in Business today.
0:53.7	On Apple, Spotify, or wherever you get your favorite podcast.
1:04.9	Welcome to the Bloomberg's surveillance podcast. I'm Tom Keane, along with Jonathan Ferrell
1:10.2	and Lisa Abramowitz. Daily, we bring you insight from the best and economics finance
1:16.0	investment and international relations to find Bloomberg's surveillance. An Apple podcast
1:21.6	suncloud, Bloomberg.com, and of course, on the Bloomberg terminal.
1:29.7	We've got to go to the Dartmouth bubble to speak to David Blanchflower. Of course,
1:33.3	Professor of Economics at Dartmouth. That college is experienced at the Bank of England
1:37.7	and a student and a doubter of a fully-employed United Kingdom, a fully-employed America,
1:43.5	as well. There he was, David Blanchflower. John Major at 79 years old, coming down the aisle at
1:50.7	Westminster Abbey for the Queen's funeral. I've always adored the straight-talking Norman Lamont
1:56.2	now 80 years old. In 1992, I will editorialize they did not hide. Where is Liz Truss?
	...

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