Surveillance: Trichet On Negative Interest Rates
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 10 December 2019
⏱️ 37 minutes
🧾️ Download transcript
Summary
Seema Shah, Principal Global Investors Chief Strategist, expects equities to rise next year, giving "vertigo" discomfort to investors. Jonathan Fenby, TS Lombard European Politics Managing Director & China Chairman, says the silence between the U.S. and China shows negotiations are very serious. Jean-Claude Trichet, Former President of the European Central Bank, says the positive effects of negative interest rates outweigh the negative. David Kostin, Goldman Sachs Chief U.S. Equity Strategist, says economic activity in the United States is still strong. Matt Winkler, Bloomberg Editor-In-Chief Emeritus, discusses his latest Bloomberg Opinion piece. And Emily Wilkins, Bloomberg Government Congressional Reporter, wraps the impeachment news of day.
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Transcript
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| 0:00.0 | When you get your news from Bloomberg, you don't just get the story. You get the story behind the story. |
| 0:07.0 | How your Evie's battery may not be as green as it seems. |
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| 0:17.6 | And context changes how you see things, how you change things, because context changes everything. Go to Bloomberg |
| 0:24.6 | dot com to get context. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene. |
| 0:43.3 | Daily, we bring you insight from the best in economics, finance, |
| 0:47.1 | investment, and international relations. |
| 0:49.7 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, |
| 0:56.2 | on the Bloomberg. |
| 0:57.7 | Let's turn to market. |
| 0:58.7 | See Michelle with us in London here, the chief strategist for the principal global investors group. |
| 1:04.0 | I'm thrilled that she could be with us. |
| 1:05.6 | I love your note because it's short and right to the point. |
| 1:09.4 | And Sima, you have some wonderful phrases that I need you to explain to our audience across America |
| 1:15.2 | and worldwide. |
| 1:16.4 | I love the idea of the vertical of equities. |
| 1:20.2 | This isn't Alfred Hitchcock, is it? What is equity vertical for next year? |
| 1:25.0 | So what it means, Tom, is we are expecting equities to continue to rise next year, really inflated by Central Bank easing, |
| 1:32.0 | not really inflated by very strong economics. |
| 1:35.2 | And as they continue to rise and those valuations become more and more expensive and disconnected |
| 1:39.4 | from weak economics, it means that you're going to get to the point when investors are getting |
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