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Larry Summers is up first, until 10:41 into the thing. Macro picture, politics... David Bianco. (I recall a Jim Bianco, too.). "Crossing the streams." Not-so-good messaging by the Fed, plus the bad jobs report lately, and the BOJ did not help with the volatility, raising rates. ...Dollar/yen rate. But we're at a safe distance from recession. Election uncertainty.
DON'T CROSS THE STREAMS! Dive right in to 0:47.
Greg Mankiw on the national debt. "Ordinary" problems vs. "extraordinary" problems. Michelle Flournoy on geopolitics, war, defense. Adopting A.I. makes for faster decisions. (Will they be good decisions?)
16 Aug, 2024. Jan Hatzius of Goldman evaluates the consumer, inflation and employment numbers. "Inflation is no longer a major issue for monetary policy."
Kristen Bitterly, Citi. Analyzing the Market week. Earnings reports are encouraging. She expects 10 of 11 SP500 sectors to bounce back from last year, showing profitability. (Which is the loser? Real Estate?)...Good idea to be equal-weighted, rather than cap-weighted in the SP500. There is a broadening -out of profits beyond the Mag 7. Smid caps are a good target for money these days. And healthcare.
Zachary Liscow, Yale Law School. Former Chief Economist at OMB. Infrastructure. Obstacles to a smooth, efficient rollout of the Biden era infrastructure push.
Greg Peters, PGIM. Fixed Income ETFs now $2T industry. Whoa.
Jonathan Klein. Legacy, linear Media companies struggle. It's the nature of the business.
Dunno how the misleading visual appeared here. 13 Sept, 2024: Blair Effron, Centerview Partners discusses Harris/Trump economic policies, post-debate. Michael Wolf, online sports betting. (Yawn. Not my cup of meat.) Ruchir Sharma on home prices. BIG SUPPLY SHORTAGE. Deborah Lehr: investment in China. Shaky times... Very interesting. *David Westin, at the finish, introduces us to the new approach for the show, coming up.
Thank you for supporting the thread since the inception of the program. It’s been a lot of fun and educational watching the show and then reading others’ reactions here. No need to kill the thread. David Westin is a Michigan native, an attorney and good interviewer. I’m sure many will find things worthwhile to watch in the “New Wall Street Week” as they are billing the change-over. Should you decide to continue the thread, I’ll be a reader. The show itself had a low viewing priority. I’d usually “half-watch” it a day or two after it aired. But some of the guests like Liz sparkled. I enjoyed the dude from CALPRS who was downing champaign (from home) during their end-of-2023 program.
Perhaps the show struggled because of the immediacy of market data in today’s world where someone can stay connected to Wall Street on their iphone nearly 24/7. During most of Rukeyser’s Friday night reign it wasn’t that easy. Reading a good newspaper like the WSJ the following day was how most of us learned how markets + our funds or stocks had done the day before. Not everyone bothered to look. Rukeyser had a persona and credibility among his audience that probably will never be replicated. RIP Lou.
Yes, I enjoyed and groaned at Lou's puns. And there were some every-week guests at the table; some rotated in from time to time, even Liz Anne Sonders. (Still hot! And smart!) WSW on PBS was how I learned the fundamental, arcane jargon and concepts of investing, even before I had money to invest. It was INTERESTING.
Comments
Larry Summers is up first, until 10:41 into the thing. Macro picture, politics...
David Bianco. (I recall a Jim Bianco, too.). "Crossing the streams." Not-so-good messaging by the Fed, plus the bad jobs report lately, and the BOJ did not help with the volatility, raising rates. ...Dollar/yen rate. But we're at a safe distance from recession. Election uncertainty.
DON'T CROSS THE STREAMS!
Dive right in to 0:47.
Greg Mankiw on the national debt. "Ordinary" problems vs. "extraordinary" problems.
Michelle Flournoy on geopolitics, war, defense. Adopting A.I. makes for faster decisions. (Will they be good decisions?)
Jack Hidary. More on AI.
https://www.bloomberg.com/news/videos/2024-08-09/wall-street-week-08-09-2024
16 Aug, 2024.
Jan Hatzius of Goldman evaluates the consumer, inflation and employment numbers. "Inflation is no longer a major issue for monetary policy."
Kristen Bitterly, Citi. Analyzing the Market week. Earnings reports are encouraging. She expects 10 of 11 SP500 sectors to bounce back from last year, showing profitability. (Which is the loser? Real Estate?)...Good idea to be equal-weighted, rather than cap-weighted in the SP500. There is a broadening -out of profits beyond the Mag 7. Smid caps are a good target for money these days. And healthcare.
Zachary Liscow, Yale Law School. Former Chief Economist at OMB. Infrastructure. Obstacles to a smooth, efficient rollout of the Biden era infrastructure push.
Greg Peters, PGIM. Fixed Income ETFs now $2T industry. Whoa.
Jonathan Klein. Legacy, linear Media companies struggle. It's the nature of the business.
13 Sept, 2024:
Blair Effron, Centerview Partners discusses Harris/Trump economic policies, post-debate.
Michael Wolf, online sports betting. (Yawn. Not my cup of meat.)
Ruchir Sharma on home prices. BIG SUPPLY SHORTAGE.
Deborah Lehr: investment in China. Shaky times... Very interesting.
*David Westin, at the finish, introduces us to the new approach for the show, coming up.
Where did the elves go? I hope they’re safe.
Were they killed-off because they were so wrong in this year’s forecast?
That’s why “elves” are superior to your own portfolio (not so easy to erase past mistakes).
Next week they’ll be in Europe.
Is that a better place to invest than the U.S.?
Do they plan to stay there thru November?
Is Summers going along? Or has he gone the way of the elves?
Will anybody miss this program?
Thank you for supporting the thread since the inception of the program. It’s been a lot of fun and educational watching the show and then reading others’ reactions here. No need to kill the thread. David Westin is a Michigan native, an attorney and good interviewer. I’m sure many will find things worthwhile to watch in the “New Wall Street Week” as they are billing the change-over. Should you decide to continue the thread, I’ll be a reader. The show itself had a low viewing priority. I’d usually “half-watch” it a day or two after it aired. But some of the guests like Liz sparkled. I enjoyed the dude from CALPRS who was downing champaign (from home) during their end-of-2023 program.
Perhaps the show struggled because of the immediacy of market data in today’s world where someone can stay connected to Wall Street on their iphone nearly 24/7. During most of Rukeyser’s Friday night reign it wasn’t that easy. Reading a good newspaper like the WSJ the following day was how most of us learned how markets + our funds or stocks had done the day before. Not everyone bothered to look. Rukeyser had a persona and credibility among his audience that probably will never be replicated. RIP Lou.
Feature driven starting this week, rather than info. driven. And I could only find an audio version. Harumph.
...Ah, OK. Here's a video version.