Comments by "gerhard7" (@gerhard7323) on "Sunak Fallout | Bloomberg Surveillance 10/26/2022" video.

  1. El-Erian is one of the very few mainstream economists in the world whose views I trust. A pivot is a sign of fear of financial instability. Careful what you wish for people.
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  2. Far too many these self-styled 'meta' titans of finance don't live in the real world and don't have a clue what's going on at the micro level. Talking up their book is their job I guess, but it behoves anyone whose interested to understand that this is EXACTLY what most of them are doing when they pop up on shows like this.
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  3. If nothing else this all demonstrates the magic of fiat. The global economy, in essence, has barely grown at all since the mid 1970s. What has changed is the debt that's been attached to it and the shifting timeframes. The debt fishermen know that it's time to pull the line in a wee bit that's all.
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  4. Head of World Bank points out the bleeding obvious that the trillions spaffed on covid worldwide and the lockdowns were a beyond stupid idea....cue crickets chirruping.
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