Surveillance: We Are Likely In A Recession, Shilling Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 12 March 2020
⏱️ 32 minutes
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Summary
Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, says the single most important thing that we could see as a sign of backstopping confidence in the financial markets right now would be a meeting between President Trump and Speaker Pelosi and Senator Schumer. Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, says the market sell-off is sheer panic. Christian Schulz, Citi Economics Team Director, discusses the need to "socialize losses" as central banks and governments combat the economic fallout from the coronavirus. Gary Shilling, Bloomberg Opinion Columnist & A. Gary Shilling & Co. President, says we are probably in a recession already. Marcus Ashworth, Bloomberg Opinion Columnist, says the world is looking at the U.S. to do something big and soon.
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| 0:43.5 | Daily, we bring you insight from the best |
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| 0:49.8 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the |
| 0:56.4 | Bloomberg. |
| 0:57.4 | Really pleased to say joining us in the studio, Julian Emmanuel, B. TIG, Chief Equity and |
| 1:02.0 | Derivative Strategist. |
| 1:03.6 | Julian, what a moment. |
| 1:04.7 | Nine p.m. Eastern time last night. |
| 1:06.7 | Let's get you to that moment. |
| 1:07.7 | The president delivering his address. |
| 1:09.8 | Your response as those words came out. Look, the market told you everything you needed to know, that, you know, there was too much |
| 1:19.9 | of an element of backward looking this, there was a little bit too much self-congratulation. |
| 1:25.9 | This is a time for humility, but more importantly, this is a time for action. We saw the sketches, |
| 1:32.3 | the outlines of it, but I would suggest to you that the single |
| 1:37.1 | most important thing that we could see as a sign of backstopping confidence in |
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