Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: Single best Idea and thank you for listening. I got
Speaker 2: a bit of the plague here, so we're going to
Speaker 2: keep this short again today, but it's improving. I'm improving
Speaker 2: every day. Thank you to the good people. This podcast
Speaker 2: brought to you by the medical people of Wild Cornell
Speaker 2: here in New York City. Great show today. I just
Speaker 2: want to point out Nancy Lazarre was on. She's a legend,
Speaker 2: She's the Piper Sandler. Nancy Lazar helped invent modern market
Speaker 2: economics at CJ. Lawrence years ago. And what's really nuanced.
Speaker 2: We're not going to play it for you, but what's
Speaker 2: really nuanced is ed Yard Denny is calling this maybe
Speaker 2: a roaring twenties or things are pretty darn good, and
Speaker 2: Nancy Lazar takes a very different tack. She agrees the
Speaker 2: roaring part of it's still there, but it could turn
Speaker 2: and even in the second half of this year, too
Speaker 2: much more of a slowdown. That's the kind of tension.
Speaker 2: We want to highlight the many different voices we speak
Speaker 2: to on economics and the rest as well. It really
Speaker 2: helps if we know the pedigree of our guests. Matt
Speaker 2: Hornbach came out of Vasser Economics and was the chosen
Speaker 2: one for Morgan Stanley to go to Japan and have
Speaker 2: the privilege of working with the iconic Robert Feldman. Robbie Feldman,
Speaker 2: who's been a wonderful supporter of this show, is the
Speaker 2: English speaking voice of Japan. There's no other way to
Speaker 2: put it. And Matt Hornbach had a privileged youth within
Speaker 2: its broader interest rate strategy at Morgan Stanley of working
Speaker 2: with Robbie Feldman. Here is Matt Hornbach on the choice
Speaker 2: set of the Bank of Japan.
Speaker 3: The Bank of Japan has been very influential, but it's
Speaker 3: not just them, of course. The commercial banks in Japan
Speaker 3: are hugely influential in that marketplace. And I can tell
Speaker 3: you right now what they're hoping for is similar to
Speaker 3: what other investors around the world are hoping for. They're
Speaker 3: hoping for the Bank of Japan to raise rates. They're
Speaker 3: looking to reinvest all of those deposits into higher yielding
Speaker 3: jgb's and so everybody is on the same side of
Speaker 3: that market. They want higher rates, and that ultimately is
Speaker 3: something you need to be aware of.
Speaker 2: Matt Hornback just love that listen to the replay of
Speaker 2: the show today. There's some great conversations and that'll be
Speaker 2: out in three four hours here to think twelve noon,
Speaker 2: one pm today, two hours and fifty six minutes. It's
Speaker 2: a podcast, but it's a whole replay unedited to the show,
Speaker 2: and Hornback was just brilliant on Japan and the effect
Speaker 2: across all of the Pacific rim. This is the second time,
Speaker 2: and I believe three days I've heard somebody I really
Speaker 2: really respect bring up nineteen sixty eight. No, not cream
Speaker 2: and what Eric Clapton did with Disraeli Gears, but much
Speaker 2: more the political tone that we could see this summer
Speaker 2: in the two conventions in Chicago. Wendy Schiller is at
Speaker 2: Brown University, and she made clear, like many others, given
Speaker 2: the protests across America, could we see nineteen sixty eight
Speaker 2: in Chicago again?
Speaker 4: If most people could remember in nineteen sixty eight, which
Speaker 4: most people can't now. I mean, that's the issue is
Speaker 4: that we just don't know our history well enough. But
Speaker 4: certainly the fact that the Democrat Party's convention is in Chicago,
Speaker 4: there will be protests and there will be a police response,
Speaker 4: no doubt, really gives people of a certain age, A
Speaker 4: lot of shutters to think that this will give just
Speaker 4: as it gave Richard Nixon the election in sixty eight,
Speaker 4: that this will give Donald Trump the election. And I
Speaker 4: don't discount that possibility. So they're trying to prepare for
Speaker 4: that as best they can. Remember. You and I both
Speaker 4: know people over the age of fifty five sixty they
Speaker 4: vote the biggest numbers proportionally so that they remember sixty eight.
Speaker 4: So this is a real challenge for the Democrat Party
Speaker 4: coming this summer.
Speaker 2: Some of the uncertainty they are set out by Professor
Speaker 2: Schiller of Brown. Whatever your political persuasi, her grasp of
Speaker 2: our history is just absolutely extraordinary. Our coverage of our
Speaker 2: politics you'll see in many different formats, of course, Joe
Speaker 2: Matthew and Kayley Lines leading balance of power, Amory Horden
Speaker 2: doing a wonderful job with John and Lisa in the
Speaker 2: Morning as well. I do want to point out the
Speaker 2: big take and look for David Gera to ramp up
Speaker 2: his political coverage with a big take as we move
Speaker 2: to the conventions and onto the first Tuesday of November.
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