WEBVTT - Single Best Idea with Tom Keene: Wendy Schiller & Jordan Rochester

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, A single bust idea

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<v Speaker 1>write to it today on Venezuela and Greenland. I said

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<v Speaker 1>to Paul Sweeney, I think I learned more about Greenland

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<v Speaker 1>Monday in twenty four hours than in my entire life.

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<v Speaker 1>I really, you know, study up on it so I

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<v Speaker 1>could ask Tina Fordham smart questions and all that. But

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<v Speaker 1>there it is, Greenland and Venezuela. We extended the conversation

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<v Speaker 1>today with Wendy Schiller. Let me give you some background

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<v Speaker 1>besides her new book out on inequality State to State,

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<v Speaker 1>which is getting a It's a very academic book. They're

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<v Speaker 1>not going to do a Landman series out of it,

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<v Speaker 1>but it's a very academic book. And Professor Schiller is

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<v Speaker 1>acclaimed years ago for writing a basic Civics book like

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<v Speaker 1>it was a big deal back then. It was just

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<v Speaker 1>like Civics one on one for people who missed Civics

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<v Speaker 1>one oh one. And Wendy Schiller Brown claimed for that effort.

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<v Speaker 1>In that book is the Louisiana Purchase of eighteen oh

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<v Speaker 1>three Schiller on Greenland and Louisiana.

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<v Speaker 2>It is the Louisiana Purchase, and we're going to buy

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<v Speaker 2>a major territory. Now, you know a lot of people

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<v Speaker 2>don't know the scope of Louisiana purchase, how much land

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<v Speaker 2>that was, and why it was so important, you know,

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<v Speaker 2>to go west and sort of opening that entire gateway

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<v Speaker 2>and really solidifying I think, US expansion. So it's really

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<v Speaker 2>going to have to be a justification when again people

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<v Speaker 2>are worried about things at home, the president seems to

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<v Speaker 2>be focusing, with some exceptions, on matters abroad.

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<v Speaker 1>Wendy Schilder later on GUNA. Mccunda was with US of

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<v Speaker 1>Yale and Tough School, of the Fletcher School. I should

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<v Speaker 1>say at Tough, so Professor mccunda said the same thing

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<v Speaker 1>is it on Scaroid? Just what all presidents do? They

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<v Speaker 1>shift from the domestic angst over to foreign analysis policy

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<v Speaker 1>and maybe some inks there as well, and President Trump

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<v Speaker 1>is doing that right now. We start a strong today

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<v Speaker 1>with Jordan Rochester with Miszuo, and he went to something

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<v Speaker 1>that I think is really interesting, which is all the

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<v Speaker 1>outlooks come out and everybody reads them all. Samurai leads

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<v Speaker 1>on this better than anyone. Read the Outlook six pages,

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<v Speaker 1>ten pages. Dare I say an eighteen page outlook? I

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<v Speaker 1>hate you? We read them all, there's a zeitgeist, and

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<v Speaker 1>it all falls apart in the vicinity of mid January.

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<v Speaker 1>Jordan Rochester and the angst of January.

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<v Speaker 3>The hardest part of January every single year is we

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<v Speaker 3>tend to have those consensus trades that everybody read about

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<v Speaker 3>in those outlooks, ye start to unravel. It's quite famous, really,

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<v Speaker 3>So typically have a few banks that do ten top

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<v Speaker 3>trades and six out of ten maybe even higher, and

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<v Speaker 3>fall apart in the first two weeks. So far, that

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<v Speaker 3>hasn't been the case because volatierty has been relatively low.

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<v Speaker 3>If you look at volt typically in January, youurro dollar

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<v Speaker 3>volatility for example, falls in January around eight percent of

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<v Speaker 3>the time going over the past twenty years, So it

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<v Speaker 3>might be just a quiet January.

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<v Speaker 1>Join in Rochester of MISSOUO Jobs Day Tomorrow and podcasts

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