Surveillance: Too Early For High Yield Calls, Says Caron
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 9 December 2020
⏱️ 29 minutes
🧾️ Download transcript
Summary
Jim Caron, Morgan Stanley Portfolio Manager, thinks that calls for inflation and significantly higher yields are very premature. Kathleen Smith, Renaissance Capital Co-Founder & Partner, says 2020 will be a year in the record books for IPOs. Doug Kass, Seabreeze Partners President, says it has been a horrible environment for shorting stocks. David Rubenstein, Carlyle Group Co-Founder and Peer-to-Peer Host, discusses his interview with World Economic Forum Founder Klaus Schwab.
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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 | This is going to be a theme this morning, John, jump in here. |
| 0:59.8 | This is really, really important. |
| 1:01.9 | We have seen this, John, for over a decade of people modeling |
| 1:06.8 | out a higher interest rate environment time after time after time it hasn't happened. |
| 1:14.0 | Dominic Constum and Credit Suisse years ago had the mother of all charts on this. |
| 1:18.7 | It's been the great missed call of, I'm going to say 15 years. |
| 1:24.0 | I think whenever the CEO of a bank starts making calls about markets |
| 1:28.0 | it makes it very awkward for everyone who works at the bank. |
| 1:31.0 | When that issue comes out a little bit late to me |
| 1:33.0 | telling me J.P. Morgan have nothing to do with 10 year treasuries now. |
| 1:37.0 | You know, Mr Diamond says he won't touch him at the 10 foot pole. |
| 1:40.0 | Mr Diamond listens and watches every morning you guys. You know, let's let's be clear |
| 1:44.0 | Joyce Chang, John Norman, |
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