Surveillance: Time for Governments to Try MMT?
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 20 March 2020
⏱️ 29 minutes
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Summary
Jack Ablin, Cresset Wealth Advisors CIO & Founding Partner, explains why Modern Monetary Theory could be part of the fiscal and monetary policy response to the coronavirus crisis. Subadra Rajappa, Societe Generale Head of U.S. Rates Strategy, says I've never seen this kind of volatility in the treasury market. Nathan Sheets, PGIM Fixed Income Economist and Macroeconomic Research, says we should expect over one trillion dollars in fiscal stimulus within the next ten days. Sam Stovall, CFRA Chief Investment Strategist, says the Fed could reopen its arsenal activities used to combat the financial crisis of 2008.
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| 0:00.0 | Join us in New York on November 29th for the Bloomberg Canadian Finance Conference, |
| 0:04.6 | proudly sponsored by National Bank of Canada Financial Markets. |
| 0:07.8 | 2023 marks the 11 year anniversary of our Canada focused event and continues the tradition of providing timely |
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| 0:21.9 | as speakers from Northland Power, World Bank, Transolta, and many more. |
| 0:26.0 | Register at Bloomberg Live.com I'm Tom Keene. |
| 0:43.5 | Daily, we bring you insight from the best |
| 0:45.9 | in economics, finance, investment, and international relations. |
| 0:49.9 | Find Bloomberg Surveillance on Apple Podcasts SoundCloud, Bloomberg.com and of course |
| 0:56.1 | on the Bloomberg. |
| 0:57.1 | Let's bring a Jack Avalon shall we, Crescent Waffadvisors, CIO and founder as well. |
| 1:03.0 | Fantastic to catch up with you, Jack. |
| 1:05.0 | Walk us through what you're seeing in terms of policy. |
| 1:07.4 | Is it enough to deliver a circuit breaker |
| 1:10.1 | for this very volatile, a liquid market? |
| 1:13.0 | Yeah, it, well, we're waiting. |
| 1:17.0 | You know, obviously monetary policy, it was pretty effective, |
| 1:21.0 | reasonably effective in, you you know creating the money market liquidity |
| 1:25.9 | you know maybe going off with a few bumps but all in all I think is it's |
| 1:32.2 | pretty steady and's what we did |
| 1:33.4 | learn a lot of the last crisis |
... |
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