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Bloomberg Surveillance

Trade Is Now War, Kotok Says

Bloomberg Surveillance

Bloomberg

News, Business, Business News, Investing

3.81.2K Ratings

🗓️ 8 August 2018

⏱️ 38 minutes

🧾️ Download transcript

Summary

David Kotok, Cumberland Advisors CIO & Co-Founder, says trade is now war, not even threatened rhetoric. Pablo Goldberg, BlackRock Head of Emerging Markets Debt, says Turkey has a problem with corporate debt, not with sovereign debt. Carl Weinberg, High Frequency Chief Economist & Founder, says global economic growth has pivoted towards Asia. Jeanna Smialek, Bloomberg News Economy Reporter, discusses diversity and representation, or lack thereof, among economists. David Rubenstein, Carlyle Group Co-Founder & Co-Chairman, joins to preview his interview with Boeing CEO Dennis Muilenburg. 

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Transcript

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0:00.0

There's so much news happening around the world that we're somehow supposed to stay on top of.

0:05.5

That's why we launched The Big Take. It's a daily podcast from Bloomberg and I Heart

0:11.4

Radio that turns down the volume a bit to give you some space to think.

0:16.5

I'm Wes Kossova.

0:18.0

Each weekday I dig into one important story and talk about why it matters.

0:23.7

Listen to the big take on the I Heart Radio app,

0:26.6

Apple Podcasts, we bring you insights. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene.

0:43.4

Daily, we bring you insight from the best in economics, finance, investment,

0:47.8

and international relations.

0:49.8

Find Bloomberg Surveillance on Apple Apple Podcast, SoundCloud,

0:53.8

Bloomberg.com, and of course, on the Bloomberg. What is David Kotock Cumberland Advisors Chief

1:05.0

It feels like we're going back to January.

1:06.7

The Vix has a 10 handle, the S&P 500 is just points away from a record high.

1:11.4

To discuss joining us here in New York is David Kotock,

1:13.7

Cumberland Advisors Chief Investment Officer and co-founder. Good morning to

1:17.6

David. Good morning John. It's a pleasure to be here. Are we back at

1:21.0

January? Well it certainly looks like it, you just described it, but remember February, fellows, January,

1:28.0

and we'll see what this next two months is going to bring.

1:32.0

In January, February, we explored the concept with people like yourself as to whether we were going to go into a new

1:37.1

trading regime, a new market regime of higher volatility, lower returns.

1:41.5

Is that where we're at and if we are why are we going back to a

1:44.4

10 on the Vicks and a record hardly S&P 500? Well I remember that discussion here

...

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