Wall Street Week
Bloomberg Wall Street Week - October 27th, 2023
Oct 28, 2023
Roger Altman discusses the end of ultra-low interest rates. Thomas Nides hopes for US-Saudi-Israeli relations. Christopher Harvey and Kristen Bitterly talk equities without knowing rate ceilings.
34:10
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Quick takeaways
- The era of ultra-low interest rates is over, posing challenges for equity positioning without knowing how high rates can get.
- The recent rise in interest rates marks a significant shift, affecting various sectors of the economy such as housing and private equity firms.
Deep dives
Fiscal challenges and the unsustainable deficit
The podcast episode highlights the unsustainable nature of the federal deficit and the potential consequences for Wall Street. The speaker discusses how financial markets may reject the current fiscal trajectory, leading to a crisis that could force authorities to adjust fiscal policy. The recent rise in bond yields and the impact on borrowing costs is also mentioned. The episode emphasizes the need for proactive measures to address the deficit and suggests that financial markets may be starting to discount the potential risks.
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