We Are Starting to Use Up Capacity, Ablin Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 20 February 2018
⏱️ 30 minutes
🧾️ Download transcript
Summary
Jack Ablin, Cresset Founding Partner and Chief Investment Officer, says companies have seen a remarkable amount of pricing power; it was much more than he expected.Greg Valliere, Horizon Investments Chief Political Strategist, says Pennsylvania is uniquely blatant with their gerrymandering. Sam Stovall, CFRA Investment Strategist, says he does not see a recession on the horizon. Kevin Cirilli, Bloomberg Chief Washington Correspondent, calls in on his way to the White House to review the latest in Special Counsel Mueller's indictments.
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Transcript
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| 0:00.0 | Welcome to Crash Course, a podcast about business, political, and social disruption and what we can learn from it. |
| 0:07.0 | I'm Tim O'Brien. Every week on Crash Course, I'm going to bring listeners directly into the arenas where epic upheavals occur and |
| 0:15.5 | I'm going to explore the lessons we can learn when creativity and ambition collide |
| 0:20.7 | with competition and power. |
| 0:23.0 | Listen to Crash Course every Tuesday on the IHeartRadio app, Apple Podcasts, |
| 0:28.0 | or wherever you get your podcasts. 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, and international |
| 0:48.9 | relations. |
| 0:49.9 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the Bloomberg. |
| 0:57.0 | It is a massive week of issuance. Over the next three days we will have |
| 1:07.6 | 258 billion dollars worth of supply from the Treasury, record issuance of three and six month bills. |
| 1:16.4 | Three month bills worth $51 billion, |
| 1:18.6 | six month bills for $45 billion, |
| 1:21.2 | both unprecedented in their size. |
| 1:24.0 | So let's ask what price will the Treasury get for them. |
| 1:27.5 | Joining us now is Jack Albin. |
| 1:29.1 | He is Cresset founding partner and chief investment officer. |
| 1:33.4 | Jack, greater catch up with you on a newly founded firm as well. |
| 1:37.2 | So congratulations to that, Jack Ablin. |
| 1:39.2 | Let's just get to the bond market if we can first. |
| 1:41.6 | A huge week of issuance. |
| 1:43.7 | What price is the Treasury going to have to cough up for that much supply? |
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