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May 1, 2024
05/24
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BLOOMBERG
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torsten: this is important.bout what is the response of the high-yield loan spreads, the s&p 500? if on one hand the fed is saying we want to restrict things and slow things down, that is why we are raising rates, but if the stock market decides and the credit market decides we want to still have ig in the broader marketplace because the unit is very high for life insurance companies, pension funds, and retail, you might have easy financial conditions when it comes to credit markets and equity markets. so it is a tug-of-war, and this is the challenge for the fed as we speak. if the stock market wants to go up, that is, getting the job for the fed in terms of trying to slow things down. it is not our scenario but in the worst case, they may have to raise rates further to offset the significant easy financial conditions we are having coming from very tight credit spreads and high stock prices. sonali: speaking of the k shaped recovery, is there some sort of ripple effect when you are a small business having a hard
torsten: this is important.bout what is the response of the high-yield loan spreads, the s&p 500? if on one hand the fed is saying we want to restrict things and slow things down, that is why we are raising rates, but if the stock market decides and the credit market decides we want to still have ig in the broader marketplace because the unit is very high for life insurance companies, pension funds, and retail, you might have easy financial conditions when it comes to credit markets and...
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May 18, 2024
05/24
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CSPAN2
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torsten i would ask you this. typically history whether it was japan or other economies there was a feeling more debt ledges slower growth. lisa and develop markets. disinflation and was part of the reason we had a low rates. why is this a different this time? >> well, think the interest rates is just -- i think two things. partly because consumers are 95% in 30 affix mortgages so it means a lease on a mortgage side makes up about 35% of the debt is therefore less sensitive. what encourage during the pandemic to lock in the debt levels at much lower levels and what they did before and so, therefore, investment-grade credit in particular, everything fixed rate also has still fairly long duration my comes to interest rates really not mattering at least to the nation. depending on where you live but broadly speaking the next year or two. interest rates since that has gone down. at the same time we have is a significant tailwinds on the chipset, a flesh reduction, and for such think more recently without a significant
torsten i would ask you this. typically history whether it was japan or other economies there was a feeling more debt ledges slower growth. lisa and develop markets. disinflation and was part of the reason we had a low rates. why is this a different this time? >> well, think the interest rates is just -- i think two things. partly because consumers are 95% in 30 affix mortgages so it means a lease on a mortgage side makes up about 35% of the debt is therefore less sensitive. what...
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May 13, 2024
05/24
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BLOOMBERG
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torsten: i think that is correct. we have a very strong tailwind that comes from easy financial -- easing initial conditions. on top of that, we also have a tailwind from fiscal spending, strong spending in the pipeline from the chip sector, the infrastructure act. -- the chips act, the infrastructure act. very different from what is going on in europe but those things are likely to continue to give us a fairly robust data for the next several months and most likely all the way through the end of this year. lisa: commentary went out that seemed to agree with what we heard from peter scheer of academy securities earlier my same the next 500 points for the s&p 500 will be down, talking about a 10% correction. why do you disagree that there is enough ammunition for things to kind of hang in an even creep higher? even as people do wake up to real risks that we are seeing with respect to spending? torsten: this is a really important question. the risk of higher for longer, on its own it means higher debt servicing for comp
torsten: i think that is correct. we have a very strong tailwind that comes from easy financial -- easing initial conditions. on top of that, we also have a tailwind from fiscal spending, strong spending in the pipeline from the chip sector, the infrastructure act. -- the chips act, the infrastructure act. very different from what is going on in europe but those things are likely to continue to give us a fairly robust data for the next several months and most likely all the way through the end...
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May 28, 2024
05/24
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CNBC
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apollo chief economist torsten slok joins us now.en, we haven't seen weakness in pricing on rentals and home pricing and plays a factor in why inflation hasn't come all the way back down to 2% is it getting worse? what's happening. >> i agree let's not forget that housing has a way of roughly -- weight of roughly 35 to 40% depending on how you measure it and housing is a critical component for the fed when they try to achieve the 2% inflation target. i should say for housing it really is the case that we have both supply and demand is still quite supported for the housing market overall supply quite weak, all measures -- [ inaudible ] across the board and across the country and on the demand side despite the textbook would have predicted when mortgage rates go up in the range of 7 to 8%, they have come down a little bit more recently and that should have been creating more of a hit to housing. we have seen it strong wage, job growth across the board, the demand growth looks solid. the housing outlook as you can see case-shiller is up
apollo chief economist torsten slok joins us now.en, we haven't seen weakness in pricing on rentals and home pricing and plays a factor in why inflation hasn't come all the way back down to 2% is it getting worse? what's happening. >> i agree let's not forget that housing has a way of roughly -- weight of roughly 35 to 40% depending on how you measure it and housing is a critical component for the fed when they try to achieve the 2% inflation target. i should say for housing it really is...
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May 13, 2024
05/24
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CSPAN2
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torsten i would ask you this. typically history whether it was japan or other economies there was a feeling more debt ledges slower growth. lisa and develop markets. disinflation and was part of the reason we had a low rates. why is this a different this time? >> well, think the interest rates is just -- i think two things. partly because consumers are 95% in 30 affix mortgages so it means a lease on a mortgage side makes up about 35% of the debt is therefore less sensitive. what encourage during the pandemic to lock in the debt levels at much lower levels and what they did before and so, therefore, investment-grade credit in particular, everything fixed rate also has still fairly long duration my comes to interest rates really not mattering at least to the nation. depending on where you live but broadly speaking the next year or two. interest rates since that has gone down. at the same time we have is a significant tailwinds on the chipset, a flesh reduction, and for such think more recently without a significant
torsten i would ask you this. typically history whether it was japan or other economies there was a feeling more debt ledges slower growth. lisa and develop markets. disinflation and was part of the reason we had a low rates. why is this a different this time? >> well, think the interest rates is just -- i think two things. partly because consumers are 95% in 30 affix mortgages so it means a lease on a mortgage side makes up about 35% of the debt is therefore less sensitive. what...
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May 26, 2024
05/24
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BBCNEWS
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but torsten bell's been on newscast with us before.r treasury board. former labour board, big economic brain counting person. very good at counting. that's good on the aston on tv. it's good, isn't it? saying that borrowing you can borrow for capital investment and tell the world that's what you're doing and that doesn't spook people in the way that borrowing to pay for a tax cut does. so we're getting a clue by that one ten—second answer on the tv of where to look in the next round of questions or the next labour iteration of their policies. that's right. and there's a lot in common between the labour and tory economic plans, right? they sort of accept the same broad turf. which is horrific turf. which is grim turffor anybody looking at it. but they accept the same broad bit. there are some differences round the edge, but one of the differences that is really important is that limit on borrowing for different kinds of spending. and if you, just to give people some context, and i know some people object to trying to use metaphors to ex
but torsten bell's been on newscast with us before.r treasury board. former labour board, big economic brain counting person. very good at counting. that's good on the aston on tv. it's good, isn't it? saying that borrowing you can borrow for capital investment and tell the world that's what you're doing and that doesn't spook people in the way that borrowing to pay for a tax cut does. so we're getting a clue by that one ten—second answer on the tv of where to look in the next round of...
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May 26, 2024
05/24
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BBCNEWS
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but torsten bell's been on newscast with us before.n, former treasury board. former labour board, big economic brain counting person. very good at counting. that's good on the aston on tv. it's good, isn't it? saying that borrowing you can borrow for capital investment and tell the world that's what you're doing and that doesn't spook people in the way that borrowing to pay for a tax cut does. so we're getting a clue by that one ten—second answer on the tv of where to look in the next round of questions or the next labour iteration of their policies. that's right. and there's a lot in common between the labour and tory economic plans, right? they sort of accept the same broad turf. which is horrific turf. which is grim turffor anybody looking at it. but they accept the same broad bit. there are some differences round the edge, but one of the differences that is really important is that limit on borrowing for different kinds of spending. and if you, just to give people some context, and i know some people object to trying to use metapho
but torsten bell's been on newscast with us before.n, former treasury board. former labour board, big economic brain counting person. very good at counting. that's good on the aston on tv. it's good, isn't it? saying that borrowing you can borrow for capital investment and tell the world that's what you're doing and that doesn't spook people in the way that borrowing to pay for a tax cut does. so we're getting a clue by that one ten—second answer on the tv of where to look in the next round...
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May 3, 2024
05/24
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CNBC
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this hour, torsten slok weighs in and talks about when the fed could cut.t is next for apple after a massive buyback? we'll talk to an analyst who says there is a lot more upside ahead for th
this hour, torsten slok weighs in and talks about when the fed could cut.t is next for apple after a massive buyback? we'll talk to an analyst who says there is a lot more upside ahead for th
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0.0
May 15, 2024
05/24
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CNNW
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>> the ups stores, not just the ship in store where the shipping store the lead, the packing torsten the we understand this is more than a package store where the packet should be guaranteed store the peace of mind store, where the right around the corner go to we should get all store the ups store be unstoppable. come in for a mailbox today, and good secure package acceptance they say we should stop. eating so much meat so we made meet out of plants because we aren't quitters impossible. we're solving the meat problem with more meat. you give and you give. now you get with straight talk wireless, you get unlimited data and you get to choose who gets on your family plans starting at just $25 a line, doesn't have to be family more lines, more savings, switch to straight talk for plants starting as low as $25 a line batman does it like a snack wonderful pistachios get cracking at last an electric vehicle may to recharge you the all-new electric three row key and ev nine movement that inspires what. >> you're doing, just buying a car on carbonic already got pre-qualified in two minutes.
>> the ups stores, not just the ship in store where the shipping store the lead, the packing torsten the we understand this is more than a package store where the packet should be guaranteed store the peace of mind store, where the right around the corner go to we should get all store the ups store be unstoppable. come in for a mailbox today, and good secure package acceptance they say we should stop. eating so much meat so we made meet out of plants because we aren't quitters impossible....
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May 24, 2024
05/24
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CNNW
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. >> the ups store is not just the ship and store where the shipping store the leave the packing torsten the we understand this is more than a package store with packet shifted guaranteed store, the peace of mind store, where the wet around the corner goatee. we ship it all store the ups store, be unstoppable. come in for a mailbox today, and good secure package acceptance unnecessary no. neither is missing your daughter's competition to do payroll with pay calm employees do their own payroll so you don't have to miss your daughter's big day time to shine norman, bad news... i never graduated from med school. what? -but the good news is... xfinity mobile just got even better! now, you can automatically connect to wifi speeds up to a gig on the go. plus, buy one unlimited line and get one free for a year. i gotta get this deal... i know... faster wifi and savings? ...i don't want to miss that. that's amazing doc. mobile savings are calling. visit xfinitymobile.com to learn more. doc? urges to urinate, binded at walmart or these retailers. >> i'm zachary cohen and washington. and this is c
. >> the ups store is not just the ship and store where the shipping store the leave the packing torsten the we understand this is more than a package store with packet shifted guaranteed store, the peace of mind store, where the wet around the corner goatee. we ship it all store the ups store, be unstoppable. come in for a mailbox today, and good secure package acceptance unnecessary no. neither is missing your daughter's competition to do payroll with pay calm employees do their own...
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May 10, 2024
05/24
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BLOOMBERG
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torsten's lock said he is looking for no cuts in 2024.ni, appreciate it. enjoy your weekend, for all of you at home. we should have bramo and the team, amh, hopefully the band is back together. this was "bloomberg surveillance." ♪ (jennifer) the reason why golo customers have such long term success is because we focus on real foods in the right balance so you get the results you want. when i tell people how easy it was for me to lose weight on golo, they don't believe me. they don't believe i can eat real food and lose this much weight. the release supplement makes losing weight easy. release sets you up for successful weight loss because it supports your blood sugar levels between meals so you aren't hungry or fatigued. after i started taking release, the weight just started falling off. since starting golo and taking release, i've gone from a size 12 to a 4. before golo, i was hungry all the time and constantly thinking about food. after taking release, that stopped. with release, i didn't feel that hunger that comes with dieting. which
torsten's lock said he is looking for no cuts in 2024.ni, appreciate it. enjoy your weekend, for all of you at home. we should have bramo and the team, amh, hopefully the band is back together. this was "bloomberg surveillance." ♪ (jennifer) the reason why golo customers have such long term success is because we focus on real foods in the right balance so you get the results you want. when i tell people how easy it was for me to lose weight on golo, they don't believe me. they don't...
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11
May 17, 2024
05/24
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GBN
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but this is nonsense, as even torsten bell at the resolution foundation has said, because unlike labour'swill only deliver it when it can be afforded, it will come through growth in the economy and not by increasing borrowing or cutting spending. it is frankly disgusting to try to scare pensioners by misrepre hinting that policy, but it won't fool anyone. that policy, but it won't fool anyone . with £38 billion of anyone. with £38 billion of unfunded spending pledges in the next parliament, taxes will go up under any future labour government as sure as night follows day . but taxes will go follows day. but taxes will go down under a conservative government because we will do the hard work necessary to keep our economy competitive . so my our economy competitive. so my challenge to the labour party today is simple. you refuse to vote for the national insurance cuts in the budget. so come clean with the british people. are you planning to reverse them and if not, which other taxes will you put up to pay for your £38 billion black hole? because on tax jobs and welfare reform, there isn't jus
but this is nonsense, as even torsten bell at the resolution foundation has said, because unlike labour'swill only deliver it when it can be afforded, it will come through growth in the economy and not by increasing borrowing or cutting spending. it is frankly disgusting to try to scare pensioners by misrepre hinting that policy, but it won't fool anyone. that policy, but it won't fool anyone . with £38 billion of anyone. with £38 billion of unfunded spending pledges in the next parliament,...