Surveillance: Liquidity And Solvency Critical, Kostin Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 2 June 2020
⏱️ 34 minutes
🧾️ Download transcript
Summary
Lewis Alexander, Nomura Chief U.S. Economist, says the U.S. unemployment rate will continue to rise before this recession is over. David Kostin, Goldman Sachs Chief U.S. Equity Strategist, says the current market rally has been driven by a select group of companies. Ian Bremmer, Eurasia Group President, says the U.S. is not on the brink of civil war. Dennis Gartman, Retired Editor of The Gartman Letter, says he finds it very difficult to be bullish on risk assets.
See omnystudio.com/listener for privacy information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | With Bloomberg you get the story behind the story, the story behind the global birth rate, |
| 0:04.7 | behind your EV batteries environmental impact, behind sand. Yeah, sand, you get context. |
| 0:10.8 | And context changes everything. Go to Bloomberg.com to get context. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene. |
| 0:28.0 | Daily, we bring you insight from the best in economics finance investment and international relations |
| 0:34.4 | find Bloomberg surveillance on Apple Podcasts soundcloud bloomer.com and of course on |
| 0:41.0 | the bloomer what we're going to do right now is drive forward to the Friday jobs report. |
| 0:46.0 | And there's no one better to do that with. |
| 0:48.0 | And Louis Alexander, he is with Numera, and has an esteemed career in academics out of Yale, out of Stanford, |
| 0:54.6 | and also in market economics. |
| 0:56.9 | Lou, I know John and Lisa want to get to what we'll see Friday, |
| 1:00.6 | but I've got to give you a victory lap on an essay you wrote, I'm going to guess a decade |
| 1:06.1 | ago, maybe coming out of your public service under Secretary Geithner, where you talked about technology of the haves and the have-nots. |
| 1:16.3 | You absolutely nailed it then, Dr. Alexander, and now we've got the likes of Amazon borrowing at full faith and credit yields. Can |
| 1:25.8 | technology do you just visualize these technology giants just advancing over |
| 1:31.8 | the coming years and decades to ever bigger ever more dominant? |
| 1:36.0 | So I think one of the questions of the economy over the last 10 years has really been why |
| 1:40.5 | hasn't productivity growth and stronger given how important |
| 1:44.0 | and how pervasive tech has been. |
| 1:46.7 | Look we're going to a real-time experiment of what we can really do with |
| 1:50.9 | technology and I think we're going to be positively surprised so in many |
| 1:56.0 | ways I do think this is an opportunity for that I think the question really is |
| 2:01.6 | is the right industrial structure for that a small |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Bloomberg, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Bloomberg and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

