Spencer Jakab
speaker
981 appearances
14 recordings
1 series
first heard Jul 2017
last heard Jun 2021
Spencer Jakab’s voice in public audio — every appearance, attributed to the second.
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Appearances
Of course, hindsight is 20-20.
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You'll only know that.
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There are many ebbs and flows in the data.
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But it does look somewhat lukewarm.
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And so the question is, where are we in the cycle?
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Because on top of all this, the most important thing, the most important thing for the last nine years has been what central banks have or haven't been doing and what they might or might not do in the future.
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And we know that.
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that they are continuing on with the withdrawal of stimulus.
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The U.S.
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is in the lead there, where we started to unwind the balance sheet of the Fed.
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But other parts of the world as well, they're taking the foot off the accelerator somewhat in terms of stimulus.
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And what effect is that going to have?
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We had a pretty serious hiccup in February with volatility products blowing up.
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Yeah, and everyone is at a different phase there.
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So the U.S.
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is at the phase of, you know, way in the lead.
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Several rate increases, three or four more on tap for this year, but also withdrawing, so reducing the size of its balance sheet.
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And you may start seeing other major central banks do the same after years of stimulus.
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And that is really the sort of that many people believe the juice that has kept this epic rally going and what has kept the market so calm over this time.
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And last year, by many measures, was the calmest environment either ever or in our lifetimes in terms of financial markets, in terms of just daily volatility in stocks and many other measures.
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Showing 701–720 of 981 · page 36 of 50
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