Stocks in 'Silent Melt-Up' Because of Unlikely Recession, Evercore's Debusschere Says

Dec.27 -- Dennis Debusschere, Evercore ISI head of portfolio strategy, discusses the outlook for U.S. stocks in 2020 with Bloomberg's Vonnie Quinn on "Bloomberg Markets."

[iolbj]

Listen 1:02-1:15. This it why Stock market keeps going up - there is no alternative. It will continue to go up as long as there is cash out there that needs to find a new home (and no catastrophic events). Has nothing to do with value or if it makes sense...

[VerseInfinitum]

The greatest concern is how this next recession or Greatest Depression (Gerald Celente) to ever happen in American history. Here are several keys of significance that could make this pending drepression among the worst in history. 1. Debt, not only government debt is at an all time high, but corporate debt reached an all time high as well. Student debt, mortgage and even auto loans are barely being paid and more borowing is needd to payoff existing debt. If governments and corporations could no longer pay the debt and default on the loans, then bankruptcy is inevitable. This could affect Social Security, pensions, Blue Cross / Blue Sheild health insurance, housing subsidies, food stamps, unemployment benefits, etc. 2. Income Inequality, due to the gap between the top one percent and the rest of the citizens of any nation continue to widen ever further apart. This disaster is severely affecting the consumer market, which is 70% of America's GDP. A financially strapped middle class will deteriorate the U.S. consumer market. Thus retailers will be forced to close their doors for the last time and many people would be laid off. 3. Foreign owned U.S. Treasuries and other debt instruments, are major factors as sanctions and tarriffs are only making matters worse. If a currency and trade war continues, then China could dump their ownership of U.S. debt ownership. 4. The Dollar, would be the greatest factor in how this next economic downturn could be a recession or Greatest Depression. China is likely to link and ultimately merge The Belt and Road Inititive with Russia's Eurasion Economic Union, thus creating the largest economic partnershop in human history. This economic and free trade partnership could conduct any and every transaction without the use of the U.S. Dollar as the global reserve currency. This would only be the beginning, many other countries in Central Asia are aimed to join China and Russia, just like countless Non-Aligned Movement nations expressing interest to join this new economic partnership. Asian Infrastructure Investment Bank (AIIB), BRICS and BRICS Bank and Shanghai Cooperation Organization (SCO) were founded to accomodate current and future members of this new economic order. If the U.S. Dollar loses its world reserve currency status it earned from Brentton Woods, then hyper inflation can happen. Combine this situation to a serious problem with poverty, unemployment and homelessness can cause social unrest as we already see all over the world. The worst outcome would be the West's bi-polar political tensions can spiral out of contral and provoke an unintended insurgency or even a second civil war that will destroy our nation.

[WorldReserveCurrency]

Nobody looks at the Cass Freight Index? Or just google layoffs? Nissan, Ford, GM, Audi, BMW, and Mercedes laying off 10K employees EACH?

[MegaLangosta]

Is this guy fkin nuts? We already flew through haha land, and past bananaland, and now we're somewhere in the land of flying screaming lizards with tupperware.

[soronos]

Fire and Ice, how original.

Are we just going to pretend like they didn’t rip that from Game of Thrones

[DallasTaylor]

If the value of the currency is going down is the value of your stocks really going up?

[kimsiewers]

1:00-1:15 says it all.
"80% of the S&P 500 dividend and buybacks exceed bond yields."
This means stocks will continue to rise up.
"Don't fight the Fed" is a very old Wall St. maxim.
Low interest rates benefit stocks.

[sallyjohnson]

The ‘silent melt up’ is happening right now, but it’s in his pants whenever the presenter leans forward over her desk! Can we get a chart of that?

[acrobatmapping]

The Phillips curve has long been known to be only applicable to inelastic markets and labor markets at 100% elastic in the long term and mostly in the intermediate term as well. It boggles my mind that ppl are still talking about this thing or even referencing it unless they specify that a short term time frame.

[michaelanon]

Governments, corporations and consumers just need to add more debt and everything will be fine...

[dhui]

This video proves many of these portfolio strategists are useless. Hedging against deflation? What a joke. Even the interviewer can’t hide the absurdity. I have to paid $15 for the exact same lunch I used to get for $8 ten years ago.

[АлександрИвлев-бж]

Liar? What should he say? That income of households will decrease by 50-60%?

[Quantum]

He's really good and level headed and just incase for inflation there's tips so it's above me just hedge

[dimebagg]

He’s a goof. Recession in probably ten years lol

[edwardbalboa]

24 trillion in debt... interest rates close to an economical contradiction that will collapse soon

[nickhatzi]

This man is from another planet
..economy goes everyday better don't he see that?? Where he lives? ?in the moon? ?

[ShutterEmotions]

Did he say the next recession very likely IN THE NEXT 10 years??? Ok dokey 🎊🎉🎊🎉Party like it’s 1929🎊🎉🎊

[lordhumongus]

Buy Buy Buy Bear Stearns oh wait that was 08.

[drew]

Absolute waffle, snake oil salesman rubbish. Interviewer weak & didn’t challenge enough.