Surveillance: Bank Capital with PIMCO CEO
Bloomberg Surveillance
00:00
S.P. Earnings Declining 16% Through the End of the Year
Andrew Keen: We should acknowledge this is an unusual time in markets. The full effect of tightening has not yet been felt by the economy but that tightening will continue to play out. Even if you don't get a recession, slowing growth especially the effect of slowing nominal GDP is going to be bad for operating leverage and put some pressure on earnings.
Play episode from 24:23
Transcript
