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The single best idea and the single best idea this week came from Alexis Christopherus. What a great addition to the show. Lisa Mateo's gone off to the weekends Bloomberg this weekend with David Gerr and the team, and that saw Lisa yesterday. She's doing great. Look for that on the weekend, Saturday and Sunday, starting it I think seven am in the morning. Alexis Christophus nailed it this week.
She said, it feels like two weeks and that's the way it's been and the only thing that's kept the four of us together, Michael Barr, Alexis, Paul Sweeney and myself is just an incredible team. I mean, it's just been overwhelming. And it's not just in New York. It's not just a Broadway and excuse me at Lexington and fifty ninth Street. It's worldwide. And the nexus of this is Ethan Broader in Tel Aviv and Dan Williams in
Jerusalem with a summary into the weekend. A reporter Dan Williams in Jerusalem.
Many Israelis who saw this war with Iran as effectively the crescendo, the cresting of the more than two and a half year war across the region, which began in Gaza on October seventh, twenty twenty three, with that surprise attack by Hamas, one of Iran's proxies in the region, and then spilled over into several fronts, into smaller rounds of direct engagement with Iran, and then into this almost six week war with Iran supported by the United States,
waged in concert with the United States. Had hoped that this would bring something conclusive, perhaps even a fall of that regime. Of falling the regime or change in government is really the only way to guarantee a long term change in disposition of a country, of a people at peace elements and that sort of thing.
Dan Williams more than anyone I know, he knows the northern border of Israel has up to the Levant River going from east to west into the Mediterranean, about twenty miles north of the border. Dan was just incisive on attention that we see into the weekend between Israel and has thanks to Margaret Brennan of CBS Facination for her
comments there as well. She and her team have been just brilliant on this of course, that's on Bloomberg Radio Sunday afternoon at two pm for Washington, New York, and Boston. What's the arch debate out there right now between the guest amen, the rumors, the unknown, the uncertainty. There's a school of thought that this will not whiplash, but this will be cured, solve, tempered, and we will see price up, yield down. The economist Tiffany Wilding of PIMCO.
We still think high quality bonds provide a lot of value safe store of account here. And the reason is because if this does turn into a more prolonged disruption, the ceasefire doesn't hold. You know, we really think global recessionary risks could increase there and the bond portfolio will We'll probably do better in that scenario. At the same time, if you do get a resolution, you get energy prices falling.
You know, under our core forecast, with energy prices falling, you could see headline inflation moving below the Fed's two percent target later this year, early twenty twenty seven. Really, so that's the other thing that we have to keep in mind here, you know, that will allow the Fed, we think, to cut interest rates back towards neutral.
Yeah, my team hates it. When I stopped the show when Tiffany Wilding said that folks yields back quote under three percent, under two percent, we stopped the show. That's a huge statement. I want to make clear what we try to do. We don't give our opinion, but what we're trying to do. Our single best idea is when somebody says something really outlier, we got to sit on it and talk about it. Continue that theme into next
week and of course earnings next week as well. Tiffany Wilding there from PIMCO on podcasts, on Apple, on Spotify, on YouTube podcasts. It's single best idea.