Trade Could Derail It All, Pearl Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 23 April 2018
⏱️ 29 minutes
🧾️ Download transcript
Summary
Carl Weinberg, High Frequency Economics Founder, says the market should be thinking about inflation risks but it's not currently. David Pearl, Epoch Investment Partners Co-Chief Investment Officer and Portfolio Manager, says Boeing looks a lot cheaper on free cash flow than it does on earnings right now.Tom Porcelli, RBC Capital Markets Chief U.S. Economist, says Europe has stabilized. Kit Juckes, Societe Generale Global Fixed Income Strategist, doesn't think oil prices are going to run away.
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| 0:00.0 | Business stories aren't just about business. They're also about policy, politics, finance, and more. |
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| 0:24.7 | Bloomberg in-car apps are sponsored by interactive brokers. Welcome to the Bloomberg Surveillance Podcast, I'm Tom Keene. |
| 0:40.0 | Daily, we bring you inside. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene. |
| 0:43.5 | Daily, we bring you insight from the best |
| 0:45.9 | in economics, finance, investment, |
| 0:48.1 | and international relations. |
| 0:49.8 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com and of course on the |
| 0:56.4 | Bloomberg. |
| 0:57.4 | It's one security, one number, the 10-year Treasury and 3%. Just what is so |
| 1:09.2 | important if there's anything important at all about a psychological line in the sand that hasn't been crossed in more than four years. |
| 1:16.0 | We can bring in now Carl Weinberg, high frequency economics founder who joins us in New York, Carl, |
| 1:21.0 | important or not important at all? |
| 1:23.6 | Well, it's psychologically important, I think, but I'm hard-pressed to argue that the |
| 1:28.8 | gentle rise we're seeing in the Bondiels over time is really making a breaking force on the economy. |
| 1:34.1 | With inflation sizing up to be around, I don't know, 2.5% or thereabouts, you're looking at |
| 1:39.2 | half a percent real rate of interest on 10-year bonds, that's not going to do the job that the Fed has to do |
| 1:45.8 | of slowing the rate of growth of jobs in the economy. |
| 1:48.3 | Carl, would you describe this as gradual, though? |
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