Surveillance: Lew Urges Fiscal Action
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 3 December 2020
⏱️ 34 minutes
🧾️ Download transcript
Summary
Tony Dwyer, Canaccord Genuity Chief Market Strategist, says historic excess liquidity is what is driving markets higher. Kathy Jones, Schwab Center for Financial Research Chief Fixed Income Strategist, says credit spreads are about as tight as they can go right now. Kit Juckes, Societe Generale Chief FX Strategist, discusses what's next for central banks. Jacob Lew, Former U.S. Treasury Secretary, sees a long, hard winter ahead without additional fiscal support.
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| 0:00.0 | Join us in Seattle on November 8th for Bloomberg's intelligent automation briefing about transformation in a time of uncertainty. During this special evening event, top business and IT executives will gather to explore ways in which intelligent automation can offset economic |
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| 0:25.7 | Bloomberg Live.com slash automation slash radio. Welcome to the Bloomberg Surveillance Podcast, I'm Tom Keene. |
| 0:33.0 | Daily, we bring you insight. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene. |
| 0:43.0 | Daily, we bring you insight from the best in economics, finance, investment, and international relations. |
| 0:49.5 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the |
| 0:56.2 | Bloomberg. |
| 0:57.2 | We can catch up with Tony Dwyer right now, Can Accord Genetty Equity Strategist. |
| 1:00.8 | Tony, he is starting to feel uncomfortable with where this market |
| 1:04.8 | as is right now, given what is going around all around the world around us in Europe, in the |
| 1:10.6 | United States even more so in the last 24 hours? |
| 1:14.0 | It just is it's disheartening to hear but it just goes to show what drives the |
| 1:20.9 | market is money it's always driven the market. |
| 1:22.9 | And it's unfortunately the social side of it |
| 1:26.1 | isn't as important as the excess liquidity side of it. |
| 1:29.6 | And the excess liquidity side of it, |
| 1:31.1 | as you guys know is absolutely extraordinary but just |
| 1:33.8 | a quick comment on the dollar so if you look back over the last since 2009 |
| 1:38.9 | since the great financial crisis there's been three other periods of such a |
| 1:44.3 | pronouncely weak dollar. Historically when it gets down more than 8% which it did in |
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