Speaker 1: Bloomberg Audio Studios, podcasts, radio news. A single best idea,
Speaker 1: My single best idea is Yesterday was nuts. Wednesday was
Speaker 1: one of the oddest cacophony of news items ever. Like
Speaker 1: usually there's like one big story or two big stories.
Speaker 1: I think yesterday we were rocking five big stories at
Speaker 1: once and other stuff coming in over the transom. So
Speaker 1: today was not as nuts as Wednesday, but it was
Speaker 1: almost as nuts. And my summary of this with you know,
Speaker 1: with you know, our men and women in harm's ways.
Speaker 1: I'm sorry, there's a war going on, and sometimes when
Speaker 1: you're distant, comfy, cozy in Manhattan, you lose sight of
Speaker 1: the fact there's a war going on. But it's really
Speaker 1: really something out there. We have a team putting this together,
Speaker 1: you know, Si in the contry, Ken Felly, our global director.
Speaker 1: We have a whole bunch of people correlating in all
Speaker 1: the different headlines that save Paul and I tick to tick.
Speaker 1: We have Michael Barr writing right up to the moment
Speaker 1: that he goes on here just as one idea. Today
Speaker 1: was just an extraordinary set of conversations. George Boy is
Speaker 1: an allspring. He is wonderful on the bond market and
Speaker 1: where we are, George Boy of all Spring.
Speaker 2: The long end of the bond market is what I
Speaker 2: would call and we would call adult swim only. You
Speaker 2: buy long laune very very specific reasons. That's for duration,
Speaker 2: it's for cash flow management, and it's for the dynamic
Speaker 2: investing that mostly institutional investors you need to do. Now,
Speaker 2: there may be some portfolios where we need forty year
Speaker 2: debt and METT is a pretty good credit, and you
Speaker 2: know we might buy those bonds. It's rarely just a
Speaker 2: relative value kind of does it go up does it
Speaker 2: go down in price decision? That is really not the
Speaker 2: main reason to buy forty year bonds in general. I
Speaker 2: s we'll take a look at it.
Speaker 1: George Boy of Allspring, what a privilege to have in
Speaker 1: our studio today, ed hear. He is truly legendary at
Speaker 1: the University of Houston, all sorts of great work at
Speaker 1: Yale University years ago and really holding court. And what's
Speaker 1: great about him is it's the combination of hydrocarbon excellence
Speaker 1: over to the miracle that is electricity in the State
Speaker 1: of Texas should I say the Nation of Texas, and
Speaker 1: also over to their commanding lead in renewables from the
Speaker 1: University of Houston, Edward.
Speaker 3: Take a look at the ERCOT dot com website. This
Speaker 3: is the Electric Reliability Council of Texas during the day
Speaker 3: and you're going to see more than fifty percent of
Speaker 3: the electricity being generated by solar and wind. Right batteries
Speaker 3: have gone from essentially nothing three years ago to now
Speaker 3: providing over eighteen gigawatts of short duration, you know, a
Speaker 3: couple of hours, just enough to get us through the
Speaker 3: transition periods in the morning and in the evenings. This
Speaker 3: is fantastic growth. Is the grid perfectly safe from a
Speaker 3: freeze like we had in twenty one? Not yet. There's
Speaker 3: not enough dispatchable generation on the grid to cover the
Speaker 3: demand in Texas.
Speaker 1: You can't say enough about his work at the University
Speaker 1: of Houston. Editors there and what apprivileged to have him
Speaker 1: in the studio today on podcasts, on Spotify, on Apple,
Speaker 1: on YouTube podcasts. It's single best idea.