Surveillance: Voters Turnout When They're Pissed, Goolsbee Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 6 November 2018
⏱️ 29 minutes
🧾️ Download transcript
Summary
Kathy Fisher, Bernstein Head of Wealth & Investment Strategies, says gridlock would be the best outcome for the markets. Doug Heye, Deputy Chief of Staff to Eric Cantor & Republican Strategist, guides us through two races in Iowa. Joe Lieberman, United Against a Nuclear Iran Chairman and Former Senator (D-CT), thinks Congress has let down the people. Austan Goolsbee, Fmr. White House Economic Adviser to President Obama, is hoping voters become increasingly skeptical of what they see on social media during elections.
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| 0:00.0 | Do you love Elon Musk? Do you hate Elon Musk? Do you have no idea what to think about Elon Musk? |
| 0:09.0 | Then we have just a show for you. He's become even more larger than life. |
| 0:14.4 | Buying Twitter doesn't get us closer to Mars. They are like really close to the edge of like |
| 0:18.8 | everything falling apart. Like oh Elon I, put a chip in my brain. |
| 0:23.0 | Each week on this podcast will break down, analyze, and debate the most important stories on Musk and his empire. |
| 0:30.0 | It's all one big universe. You just work for Elon Inc. From Bloomberg Business Week, this is Elon Inc. |
| 0:37.0 | listen wherever you get your podcasts. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene. |
| 0:55.6 | Daily, we bring you insight from the best in economics, finance, investment, |
| 1:00.1 | and international relations. find Bloomberg surveillance on Apple |
| 1:04.3 | podcasts, SoundCloud, Bloomberg.com and of course on the Bloomberg. |
| 1:10.0 | This is important and on an election day we're going to recalibrate with |
| 1:13.2 | Kathleen Fisher of Bernstein. Kathy it's a single-digit world one-year |
| 1:18.9 | trailing S&P up 6%. If I bought the footsion dollars it'd be negative 18% as well maybe on an election day |
| 1:27.4 | to have to recalibrate. |
| 1:29.6 | What do I recalibrate two in equities bonds in cash. You know we've been saying for some time |
| 1:37.9 | that investors should expect mid single digit returns. We're there. |
| 1:43.0 | You know, that's when you think of the past few years, |
| 1:45.1 | we've had some great years. |
| 1:46.9 | Last year was very, very strong across global equity markets. |
| 1:50.2 | It's not surprising this year is less good because we do think you're going to get |
| 1:55.2 | roughly 6% compound returns on US stocks over the next decade or so and maybe |
| 2:01.1 | seven-ish outside the US, which is one of the reasons we're |
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