Surveillance: Central Bank Roundup with Posen
Bloomberg Surveillance
00:00
The Fed's New Case for AmericanExceptionalism
I think the market is going to be negative, but I don't think in the US it's going to be disastrous as you and Lisa and John have repeatedly talked about rightly. This has been an incredibly resilient market in equities, even in real estate. The loss is commercial estates different, but in residential real estate, the losses have not been that large given the past run up. So going back to some two we were saying earlier, Tom. I think you're going to need in market terms some form of capitulation because that's just the side effect of there being actual tightening of credit conditions. We do have cycles. One of the things percolating Adam and Lake June is
Transcript
Play full episode
