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Single best idea and when the news changes, we change. Yesterday we wrote David Gera in Rio and it was a G twenty meeting and the muckety MUCKs get together and all that, and it's a time for you know, we played Barry Manilow Lola and copa cabana and all that, and there's some lightness a caparina and where's David going to dinner? And then just like that it changes into deadly serious news. A link Tempco vote, Lockheed Martin missil
that goes at mock three. That's the headline. This thing moves as fast as anything out there, one hundred or whatever miles into Russian territory and the facts changes. We're live on air headline and some mister Lavrov of Russia move the markets. We try to get conversation previously scheduled. Jeffrey you from B and Y and Jeffery you of course talking about finance and investment. We asked jeff for you do you have to look at geopolitics.
You can never ignore a geopolitics. So it's your fiduciary responsibility to have those fundamental allocations. You know that premiure within your asset allocation full stop. So that that I think is the case in terms of why despite the lack of a fiscal argument in the US, we still see international investors being overweight US treasuries or at least if I look at duration the tenure plus based on our CUS Studio data, that hasn't been that much selling
over the last few weeks or so. And this is another reason why you want to hold onto those treasuries for now, it helps with the US sustain its fiscal spending. But over the medium to longer term there's a story there. But you want to overweight, to be weighting at these assets even though it doesn't give you a strong yield, or you worry about other forms of premium as well. But then we fall back to diversification again. You want
to be diversified. You look at your portfolio, your overweight dollars, overweight treasuries. Where are markets that you can afford to add to your weightings decorrelated India is a very good example, and that those are the other correlations we're looking.
At too, Jeff. For you bing why very typically and I'm guilty of this, we really fight against it every day. But the bottom line, folks, is gloom cells. Somebody worried and their angst and they're wringing their hands. It's always better. It just it works. So we really focus people that say, you know what, we're optimistic. David Doyle has led the charger on this at Macquarie. His notes very very constructive, even if maybe it's getting along in the toothier three
percent real GDP five percent nomenal GDP. Here is David Doyle or Macquarie, his optimism and the American consumer.
From what we've looked at when it comes to wage gains, it's been broad based. So when you look at wages as being the driver of consumption, that broad based wage gains we think is propelling things across the spectrum of income earners. Now you may see some disproportionate gains from higher income earners due to the wealth effect from the strength and equity markets, but overall we think it's almost all income groups that are participating.
David Doyle at Macquarie really thanks to our team. We had to blow up the show today. The interns got together with Eric and really put together a terrific effort. David Gerr of course in Rio on short notice. Tina Fordam was with his Ford and Global Insight look for that out on Bloomberg Digital. She was absolutely lights out on the optionality that mister putin faces in a special
thanks to Bloomberg's Mark Champion. Mark Champion was the editor of the Moscow Times in the early middle nineteen nineties. He has encyclopedic knowledge east of the Eastern Front, and we really thank Mark Champion for joining as well on your commute Look first ninety nine to one FM in Washington, Up the Corridor, Bloomberg eleven three to zero in New York, and of course ninety two nine FM in Boston. Across the nation, among others on Apple CarPlay and serious XM
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