Examining the Interest Rate Path and Consumer Health
Jun 14, 2024
auto_awesome
Neil Grossman discusses rate outlook and inflation expectations, Melissa Otto talks tech bubble vs big tech, Steve Hanke examines dollar strength and inflation path, Anjee Solanki previews retail sales and consumer health
Market valuations indicate a potential tech bubble, while low long-term borrowing costs may stimulate the economy.
Sanctions are deemed ineffective and counterproductive, leading to unintended consequences and adverse impacts on economies.
Deep dives
Nationwide Supports Financial Professionals with Client-Friendly Resources
Nationwide, as a financial services company, aids financial professionals in enhancing retirement security for their clients through accessible resources and innovative solutions. By providing support and tools, Nationwide aims to instill confidence in clients' financial futures, contributing to a more secure retirement.
Economic Insights: Potential Market Instabilities and Inflation Concerns
Neil Grossman expresses concerns about market valuations, highlighting the possible bubble-like nature in the current economic landscape. Referring to Apple's market value surge based on new ventures, he reflects on the unprecedented stock movements triggered by minor announcements. Moreover, Grossman underscores inflation challenges, emphasizing the significant impact on consumer costs despite slightly slowing growth rates.
The Role of Inverted Yield Curve in Stimulating the Economy
Grossman contemplates the potentially stimulative effects of the inverted yield curve in the current economic structure. Contrary to traditional expectations of economic downturns, Grossman suggests that the curve's current dynamics may be supportive, particularly in terms of low long-term borrowing costs and attractive short-term yields. By exploring the complex interplay between borrowing dynamics and government funding, he highlights the unanticipated economic support resulting from the structure.
Discussion on the Effectiveness of Sanctions and Protectionism in Global Policy
Steve Hankey critiques the efficacy of sanctions and protectionist measures in shaping international policies. Drawing on historical precedents and scholarly evaluations, Hankey argues against the effectiveness of sanctions, emphasizing their tendency to backfire and lead to unintended consequences. By examining cases like the US sanctions on Iran and Russia, he highlights the limitations and adverse impacts of such policies on targeted economies and geopolitical relationships.
Watch LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Surveillance hosted by Paul Sweeney and David GuraJune 14th, 2024 Featuring:
Neil Grossman, founder and former CIO at TKNG Capital, discusses his outlook for rates and expectations for inflation and Jay Powell in the coming months
Melissa Otto, host of TMT Research at Visible Alpha, joins for a tech discussion and breaks down whether investors are facing a tech bubble or if they should opt against broadening out and stick primarily with big tech
Steve Hanke, professor of applied economics at Johns Hopkins, joins for a currency discussion and examines dollar strength amid global uncertainty and talks about his expected path for inflation in 2024
Anjee Solanki, National Director of Retail, US at Colliers, on the health of the consumer and gives a preview of retail sales next week