/perspectives/media/implications-of-the-everything-bubble

Implications of the Everything Bubble

Scott Minerd, Chairman of Investments and Global CIO, joined Bloomberg TV on FOMC Day to discuss the market effects of the Fed’s T-bill buying.

January 29, 2020

 

Key Takeaways:

  • The Federal Reserve (Fed) is doing everything it can to prolong the expansion, which is working for now.
  • While the liquidity taps remain on, risk assets are likely to continue to rally.
  • However, monetary policy is enabling a levered corporate sector that is vulnerable to economic slowdown.
  • The effect of exogenous risks such as the spread of the coronavirus also pose a challenge for the Fed.
  • While some believe the Fed has eradicated the market’s boom-bust cycle, recession is inevitable.


Read Global CIO Outlook: Global Central Banks Fueling a Ponzi Market


FEATURED PERSPECTIVES

March 27, 2020

The Faustian Bargain

The consequences of policymakers returning to the same tools employed in the financial crisis.

March 22, 2020

The Great Leverage Unwind

Funding and trading markets are not functioning well due to excessive leverage needing to be unwound in the financial system.

March 20, 2020

Value Is a Poor Timing Tool

Markets often overshoot, and just because things are cheap doesn’t mean they can’t get cheaper.


VIDEO

Fourth Quarter 2019 Fixed-Income Outlook 

Fourth Quarter 2019 Fixed-Income Outlook

Brian Smedley, Head of the Macroeconomic and Investment Research Group, and Portfolio Manager Adam Bloch share insights from the fourth quarter 2019 Fixed-Income Outlook.

Core Fixed-Income Conundrum 

Solving the Core Conundrum

Anne Walsh, Chief Investment Officer for Fixed Income, shares insights on the fixed-income market and explains the Guggenheim approach to solving the Core Conundrum.







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