Surveillance: Negative Rates with Mohamed El-Erian
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 24 December 2019
⏱️ 41 minutes
🧾️ Download transcript
Summary
Michael Holland, Holland & Co. Chairman and Founder, thinks the Fed is far more important for markets than a U.S.-China trade deal. Dana Telsey, Telsey Advisory Group CEO & Chief Research Officer, believes retailers will follow in Amazon's footsteps with one-day shipping. Mohamed El-Erian, Allianz Chief Economic Adviser and Bloomberg Opinion Columnist, says it is not up to central banks to get out of the negative rates experiment. Mike Darda, MKM Partners Chief Economist & Macro Strategist, says investors should be tactically cautious going into 2020. David Kotok, Cumberland Advisors Co-Founder & CIO, says negative interest rates are at a peak.
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| 0:00.0 | Business stories aren't just about business. They're also about policy, politics, finance, and more. |
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| 0:24.7 | Bloomberg in-car apps are sponsored by interactive brokers. Welcome to the Bloomberg Surveillance Podcast, I'm Tom Keene. |
| 0:40.0 | Daily, we bring you inside. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene. |
| 0:43.5 | Daly, we bring you insight from the best |
| 0:45.9 | in economics, finance, investment, |
| 0:48.1 | and international relations. |
| 0:49.8 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the Bloomberg. |
| 0:57.0 | Michael Holland with this as well, many of you will know him for the courage to be in the |
| 1:06.0 | markets as well. Michael, what happens after a bang-up double-digit year? What's the history of what happens next the history is is pretty |
| 1:16.8 | clear that if you look at the last quarter of a century they've been six years of |
| 1:21.4 | performance like we just had in the US 25 to 30 percent in over |
| 1:27.9 | three quarters of those years the following year you had double digit rates of |
| 1:31.7 | return another was Newton Law of Motion, |
| 1:34.0 | things in Motion, stay in Motion, that's what's happened. By the way in the other years you lost money |
| 1:38.5 | so historians would all be millionaires of history simply repeated itself. |
| 1:42.4 | See he took physics as Harvard now is he would all be millionaires of history simply repeated itself. |
| 1:42.6 | See, he took physics. |
| 1:43.8 | Herver, that was eating fig mood. |
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