Surveillance: Reddit Revolution With Mishkin
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 28 January 2021
⏱️ 37 minutes
🧾️ Download transcript
Summary
Steen Jakobsen, Saxo Bank CIO, explains the "social revolution" underway as the battle between retail investors and hedge funds continues. Shannon Cross, Cross Research Analyst, says big tech results show the consumer has been extremely resilient. Andrew Sheets, Morgan Stanley Chief Cross-Asset Strategist, says broader fundamental trends remain intact and important. James Angel, Georgetown University Professor, discusses how regulators may address the volatility in the markets. Frederic Mishkin, Former Federal Reserve Governor & Columbia University Professor, discusses the debate over whether central bank stimulus has created asset bubbles.
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| 0:00.0 | Together we have the opportunity to build a more sustainable and inclusive future. |
| 0:06.0 | At the Bloomberg New Economy Forum, we help make this possibility a reality |
| 0:11.0 | by cultivating new connections among global leaders that transcend geographies, industries |
| 0:16.3 | and ideologies. |
| 0:18.4 | Because when global leaders work together, the outcomes benefit all of us. |
| 0:23.0 | Learn more at Bloomberg surveillance podcast. I'm Tom Keene. |
| 0:43.3 | Daily, we bring you insight from the best in economics, finance, |
| 0:46.9 | investment, and international relations. |
| 0:49.7 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the |
| 0:56.2 | Bloomberg. |
| 0:57.2 | We've got to get to Stein Jacobson this morning. |
| 0:58.8 | Saks her bank, CIO, waiting patiently. |
| 1:01.8 | Stein, I'll just kick things off. |
| 1:03.5 | You take on the last couple of days in this market, please. |
| 1:08.5 | I think it's super interesting, |
| 1:09.5 | and I think it plays into the bigger narrative that's in place that we have a social revolution going on between the halves and the have-nots. |
| 1:17.0 | In the words of the people who play the stock market, the Wall Street suits and the retailers. |
| 1:23.0 | We have the fact a Fed that continues to play a game where they ignore facts. |
| 1:28.1 | I guess Powell's next statement would be that the world is flat or that gravity is something that was invented in terms of fake news. |
| 1:35.8 | And finally I think most importantly we have the fact that you know Fed needs to stand out one day |
| 1:40.9 | soon together with the Treasury Secretary that is incoming |
| 1:44.1 | and realize that the financial repression that goes on today creates a market which is |
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