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Surveillance: Central Bank Credibility (Podcast)

Bloomberg Surveillance

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Is There a Knock on Effect Into the Economy?

There's going to be potential for huge wealth effect. You could see a knock on affect into the economy that we would not have thought about two or three years ago. Peter, because i think this wealth creation has hit stocks. There is less money these people were spending money. Your going to see a cut down on conferences. You're gin to see less spending on the rigs that are required to make o, do the mining. The amount of money lost is painful. I mean, the accounting of this, peter, i find extraordinary. If we go from 21 thousand down to a peterche or ten thousand, or from 60, whatever thousand down to ten thousand, i mean

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