Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: Single best idea? What's the purpose here? The purpose here
Speaker 2: is you have won two three fifteen twenty minute podcasts
Speaker 2: that you listen to every day. So I said, does
Speaker 2: the world need another twenty minute podcast to listen to
Speaker 2: every day? I don't think so, because everybody's glued to
Speaker 2: Odd Lots, Tracy Loay and Joe Wisenthaler, David Gurr's wonderful
Speaker 2: work with a big take. So what do you need?
Speaker 2: How about a single best idea? Which two ideas? And
Speaker 2: if it's three minutes or four minutes or five minutes, great,
Speaker 2: that's what we do. We're building it out. You know.
Speaker 2: Trying to figure out who to put on today was easy.
Speaker 2: What a wonderful Monday. It was after the Super Bowl,
Speaker 2: way too much football talk. Michael Purvis was with us.
Speaker 2: The highlight was talking about Llban and his wonderful three
Speaker 2: months he spends in New Hampshire. It's like I'm Golden
Speaker 2: Pond with Henry Fonda years ago and Captain Hepburn. Michael
Speaker 2: Purvis was in our studios here in the dead of winter,
Speaker 2: and he talked about the spirit that's out there, not
Speaker 2: real GDP, but GDP plus the inflation component or current
Speaker 2: or nominal GDP.
Speaker 3: Just to put politics to the cipher A second, I
Speaker 3: would say, regard if Harris was president of Preparess, I
Speaker 3: think we have been in the midst of a nominal
Speaker 3: GDP shift that's going higher. There's a lot of structural reasons,
Speaker 3: really nothing to do with COVID or anything like that.
Speaker 3: These are just structural trends that have been that have
Speaker 3: been occurring slowly and steadily. And I think I've been
Speaker 3: very constructive on the economy. I wasn't a hard landing
Speaker 3: guy a year ago, and I'm not a softer hard
Speaker 3: landing effect here. I think what's happening here is we're
Speaker 3: really normalizing to something other than twenty nineteen, twenty eighteen,
Speaker 3: twenty seventeen. I think we're normally back to some other things.
Speaker 3: And there's a lot of structural forces that are going
Speaker 3: to keep inflation from getting to the FEDCE target. But
Speaker 3: also they'll be growth supportive too.
Speaker 2: Can't say enough about this. The great miss call that
Speaker 2: I've observed on Bloomberg surveillance is not understanding growth supportive.
Speaker 2: That's what we've had quarter after quarter, even this weekend,
Speaker 2: I said to myself, what if his growth continues, what
Speaker 2: if we continue with four and a half four point
Speaker 2: eight percent five percent plus nominal GDP. I'm not predicting that.
Speaker 2: I don't have a clue what's going to happen. But
Speaker 2: it's been the great miss call the growthiness out there
Speaker 2: from COVID stimulus and on to perhaps a new productivity.
Speaker 2: Michael Purvis of tallbacking, it's always a surprise to come in.
Speaker 2: I really never look at the schedule. When I come in,
Speaker 2: I sort of like the shock of, oh, this is
Speaker 2: who we've got today. Linda Dissel was on from Federator
Speaker 2: a mess, absolutely spectacular on the need to be in
Speaker 2: the market even if you're scared. Staff, We thank her
Speaker 2: Eagles fan. She celebrated Eric belchun Is emailed in getting
Speaker 2: ready for the Philadelphia Parade down in his Philadelphia. But
Speaker 2: the real honor today was to have Robert T. Kaplin
Speaker 2: with us. My book of the year last year is
Speaker 2: The Loom of Time. It is spectacular. It's a walk
Speaker 2: through Morocco east to Persia. Just a wonderful, wonderful book
Speaker 2: across the Mediterranean, through the Levant to Iran. He made
Speaker 2: very clear. Iran is a key point in his look
Speaker 2: right now. His new book out is waste Land, and
Speaker 2: we talked to him about something that's come up a
Speaker 2: number of times, the destruction of the American middle.
Speaker 4: One of the problems with America in terms of American
Speaker 4: power and America's trajectory is that it is is that
Speaker 4: the center is gone. Rather than a center right and
Speaker 4: the center left governing the country where elect presidential elections
Speaker 4: were not existential, you now have a progressive left and
Speaker 4: a populist right. Neither seems to talk to the other.
Speaker 4: I think after Trump, what you're likely to get is
Speaker 4: another populist right regime, or go back to the progressive left.
Speaker 4: The real story in American politics is the destruction of
Speaker 4: the center, the destruction of the political center, which is
Speaker 4: partly the result of the end of the print and
Speaker 4: typewriter age and the beginning of the digital video era,
Speaker 4: where news is not in the middle nuanced. It's all
Speaker 4: about passion and anxiety and short bursts of simplicity through
Speaker 4: social media.
Speaker 2: Robert Kaplan there out in social and Twitter and LinkedIn.
Speaker 2: In the coming day, in celebration of his new book, Wasteland,
Speaker 2: I'll feature the loom of time waste Landing. He has
Speaker 2: a wonderful book on tyranny, sort of buried from a
Speaker 2: couple of years ago. It's a monograph of one hundred
Speaker 2: and ten pages of show feature that on tragedy as well.
Speaker 2: Robert D. Kappan an acclaimed author, And thank you so
Speaker 2: much to Michael Purvis and others today on your commute
Speaker 2: across the nation in Kansas City, in Philadelphia, we're on
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