Bloomberg Businessweek XPO's Jacobs Talks Logistics, Economics and Geopolitics
Oct 4, 2023
Brad Jacobs, Chairman at XPO, discusses logistics, economy, and his forthcoming book. Rose Stuckey Kirk talks about technology helping underrepresented people. Brett Pulley shares details of Tyler Perry's media empire. Topics include reducing carbon emissions, social responsibility initiatives, automation in warehouses, and fiscal stimulus.
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Bond Yield Uncertainty
- Investors are uncertain about the peak of bond yields, especially the 10-year yield.
- This yield influences mortgage rates and corporate borrowing costs, impacting the US economy.
Leon Black's Bond Prediction
- Brad Jacobs recalls Leon Black's advice to buy high-yield bonds when they dropped to 10%.
- Black believed they would not go lower, but they did, highlighting the difficulty of market predictions.
Conflicting Economic Forces
- The current economic situation presents two conflicting forces: Fed tightening and massive stimulus.
- These opposing forces create uncertainty in predicting the future economic trajectory.