Wall Street Week 05/10/2024

On this special edition of Wall Street Week from the Milken Institute Global Conference in Beverly Hills, Marc Rowan, Apollo Global Management CEO says that trustees at universities and colleges have been asleep at the wheel. Karen Karniol-Tambour, Bridgewater Co-CIO says the genesis of industrial policy is geopolitics. Steven Mnuchin, Former US Treasury Secretary and Liberty Strategic Capital Founder says he is still interested in buying TikTok, with or without its algorithms. Paul Ryan, Former Speaker of the House and Teneo Vice Chairman says the next president might face a debt crisis, and Barry Sternlicht, Starwood Chairman & CEO thinks a lack of schools is hampering Miami's growth.
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[tatianastarcic]

Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?

[isoranickerson]

In addition to his technical acumen, *Michael Hugh Terpin* also stands out for his integrity and transparency. He maintains open communication channels with his clients, providing regular updates, insights, and recommendations based on market trends. This level of transparency instills a sense of trust and confidence, making the trading experience with him not only profitable but also enjoyable and stress-free.

[chavruta]

This is like the worst list of people you could have chosen to interview.

[stedmays]

PRIVATE EQUITY/PRIVATE CREDIT definitions would be helpful for people who don't work in these areas or employ their products. Wall Street Week should be accessible for viewers who are not specialists in financing. The segment on private financing with Rowan was interesting, but sometimes simply asking for a definition can actually reveal what someone in the financial field sees as important or focuses on in their own work.

[islandhopper]

Ha, I still have a passbook(in Thailand)! What most students are getting from universities is a huge pile of debt.

[joepolito]

No reference to homeless and crushing rents when talking real estate at 38 minutes

[damham]

"...their entire unfitness to govern the country, and ... the lasting damage they do by much of what they think are the legitimate big business operations of the day"

-President Theodore Roosevelt speaking of the rich. 1907

[joepolito]

Each week I hear guests talk about debt and seem to have no knowledge of the loanable funds fallacy. Keynes talked about it 80+ years ago. Investment and credit are the "Parent" of income and savings. They come first. The investment is not all based on savings. Money creation is a part of it.

[damham]

"It may well be that the determination of the government...to punish certain malefactors of great wealth, has been responsible for something of the trouble; at least to the extent of having caused these men to combine to bring about as much financial stress as possible, in order to discredit the policy of the government and thereby secure a reversal of that policy, so that they may enjoy unmolested the fruits of their own evil-doing"

-President Theodore Roosevelt. 1907

[xxyyzz]

Can Marc Rowan give us more details about what this “dominant narrative” is he keeps referring to? It seems as if his entire speech here is completely worthless to us without defining that better.

[lawrencefeldman]

Marc talks about the change. But the other issues are what Ai will do to the investment private wealth market.

[joepolito]

The debt issue. Your guests have forgotten history. Lincoln created greenback - interest free money. Governments have to do their jobs in wars, financial crises, natural disasters, recessions ... . Friedman recognized this in 1948 ... " government expenditures would be financed entirely by either tax revenues
or the creation of money, that is, the issue of non-interest-bearing securities. Government would
not issue interest-bearing securities to the public"

[stevetse]

There are bad times 1929crash levels. Flash crash is a possibility. Everything is a bubble. Inverted bond yield curve is past 600 days almost. Fiscal spending all time high. Debt alk time high. When the fed cuts interest rates its not be cox cause they want to its because economy and markets are crashing. 2001 and 2008 examples.

[sxs]

Moral clarity? Which world is this gentleman living in. Ashamed that this forum was given over to these guys including the host. Fundamental mis-management? Balance? What balance? Where you criticize policy and told you are an anti-semite? Time to throw these "donors" off the Board. Money now controls literally everything.