Surveillance: We're Barreling Towards A Depression, Sahm Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 12 May 2020
⏱️ 33 minutes
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Summary
Michael Shaoul, Marketfield Asset Management Chairman, Portfolio Manager & CEO, says the disturbance caused by the virus has ratcheted up the need to use and invest in technology. Marvin Loh, State Street Senior Global Market Strategist, says Northern Asia appears more favorable than U.S. stocks for investors right now. Claudia Sahm, Washington Center for Equitable Growth Director of Macroeconomic Policy and Former Fed Economist, says we're falling into a deflationary spiral and barreling towards a depression. Richard Haass, Council on Foreign Relations President, talks about his new book, "The World: A Brief Introduction," and navigating the biggest challenges coming in the 21st century. Michelle Patch, Johns Hopkins University School of Nursing Assistant Professor, says there has been an improvement in availability of ventilators for COVID-19 patients.
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| 0:00.0 | The media alone can't ease the tensions that come from the debate surrounding the issues we deal with every day. |
| 0:05.7 | However, we can create spaces where people can freely kick the tires of their preconceived notions. |
| 0:11.2 | I'm Tim O'Brien, and I'm the senior executive editor at |
| 0:13.8 | Bloomberg Opinion. On our platform we ask tough questions and solve complex |
| 0:18.1 | problems with the facts in mind. Because context changes how you see things and |
| 0:22.4 | how you change things. |
| 0:23.6 | Context changes everything. |
| 0:25.6 | Start exploring our opinion coverage and more at Bloomberg.com slash subscribe. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene. |
| 0:43.5 | Daily, we bring you insight from the best in economics, finance, investment, |
| 0:48.0 | and international relations. |
| 0:49.9 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com and of course |
| 0:56.2 | on the Bloomberg. |
| 0:57.2 | We're still up 15%. It's been really impressive what some of these big tech companies have |
| 1:00.9 | done during the slowdown and in the shutdown as well. |
| 1:03.8 | We can start a conversation right there this morning with Michael Schowell of market-filled |
| 1:07.1 | asset management, the chairman and portfolio manager and CEO, a busy man Michael, |
| 1:10.8 | fantastic to catch up with you this morning let's just |
| 1:13.4 | start there what stops the big from getting bigger you know nothing really other |
| 1:20.2 | than you know valuations and eventually I think market cap overwhelms the capacity of a |
| 1:25.5 | market to support it. But, look, I said to Tom earlier on television, I think at a time of great uncertainty, |
| 1:32.4 | I think investors are happy to embrace the relative certainty of |
| 1:36.4 | technology earnings and there is an understanding correctly that you |
... |
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