Bloomberg Audio Studios, podcasts, radio news. A single best idea, My single best idea is Yesterday was nuts. Wednesday was one of the oddest cacophony of news items ever. Like usually there's like one big story or two big stories. I think yesterday we were rocking five big stories at once and other stuff coming in over the transom. So today was not as nuts as Wednesday, but it was almost as nuts. And my summary of this with you know, with you know, our men and women in harm's ways.
I'm sorry, there's a war going on, and sometimes when you're distant, comfy, cozy in Manhattan, you lose sight of the fact there's a war going on. But it's really really something out there. We have a team putting this together, you know, Si in the contry, Ken Felly, our global director. We have a whole bunch of people correlating in all the different headlines that save Paul and I tick to tick. We have Michael Barr writing right up to the moment that he goes on here just as one idea. Today
was just an extraordinary set of conversations. George Boy is an allspring. He is wonderful on the bond market and where we are, George Boy of all Spring.
The long end of the bond market is what I would call and we would call adult swim only. You buy long laune very very specific reasons. That's for duration, it's for cash flow management, and it's for the dynamic investing that mostly institutional investors you need to do. Now, there may be some portfolios where we need forty year debt and METT is a pretty good credit, and you know we might buy those bonds. It's rarely just a relative value kind of does it go up does it
go down in price decision? That is really not the main reason to buy forty year bonds in general. I s we'll take a look at it.
George Boy of Allspring, what a privilege to have in our studio today, ed hear. He is truly legendary at the University of Houston, all sorts of great work at Yale University years ago and really holding court. And what's great about him is it's the combination of hydrocarbon excellence over to the miracle that is electricity in the State of Texas should I say the Nation of Texas, and also over to their commanding lead in renewables from the University of Houston, Edward.
Take a look at the ERCOT dot com website. This is the Electric Reliability Council of Texas during the day and you're going to see more than fifty percent of the electricity being generated by solar and wind. Right batteries have gone from essentially nothing three years ago to now providing over eighteen gigawatts of short duration, you know, a couple of hours, just enough to get us through the transition periods in the morning and in the evenings. This
is fantastic growth. Is the grid perfectly safe from a freeze like we had in twenty one? Not yet. There's not enough dispatchable generation on the grid to cover the demand in Texas.
You can't say enough about his work at the University of Houston. Editors there and what apprivileged to have him in the studio today on podcasts, on Spotify, on Apple, on YouTube podcasts. It's single best idea.