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Single Best Idea. We're keeping it shorter. We're hoping that you like single Best Idea. The idea is a quick little vignette almost of what the show did. We have an any given show, no less than eight conversations even ten where we could use them in Single Best Idea. But we want this to be an add on to the other podcasts that you're listening to at Bloomberg, like Odd Lots, like David Gurr is the Big Take. Many others as well, including you know those around the world.
Huge impact by podcasts we're out of YouTube podcast that seems to be growing, expanding exponentially. Also Apple podcasts as well. Steve aff joins from Federated Arimez in speaking to him, Well, it's that time of year. I didn't realize how late Thanksgiving is, how short the holiday season is. We're in to your end analysis and I asked Steve Oth what does he do with all those seventy page look Ahead twenty twenty five reports.
Yeah, we know most of them, as you could guess, Tom, and we have them in our offices and we ask them to put away their forecasts, and we really just have a dialogue. I do get a lot. There's some really smart people working on Wall Street on the cell side, and if you get underneath their forecasts and charts, start going back and forth with them on the drivers of it. We find that helpful, that dialogue. But we do a
lot of our own work obviously. I mean we've got one hundred and sixty investment analysts working in our organization, so you know, we do a lot of our own work on where we're heading. But we do it more to kind of suggest a direction as opposed to, you know, a precise date and time that a market's going to hit a particular level.
Steve Boughs federators thrilled that he could come in today, and of course talking about the three year, the five year of you for it is enthusiasm for equities. Speaking of that, Jim Bianco joined us today. I announced yesterday Lindsay Piegsa is my Economist of the Year. Lindsay at Stiefel has been just absolutely heated that this is a FED that will come down slower than so many expected.
She's been really out there visible on that, and part of that theory that thinking came from say Mohammadalarian at the University of Cambridge, and also from Jim Bianco it a shop in Chicago. This is a really important conversation, and this harkens back to John writing at bear Stearn's years ago. There's this presumption out there that level or rising interest rates harms consumption and harms the spirit of finance and investment in America. Jim Bianco pushes against that.
There's a perception in the world that rising interestrates are bad. Boiling interest rates are good. Rising interest rates not not necessary bad. If the economy is.
Growing at a fast nominal rate, like five percent, then that's where they should be, is at five or six percent, and that is an environment where businesses can be profitable. Stock markets can go up, people can get employed even though you have five or six percent interest rates, and those retirees and pensioneers that are looking for fixed income could actually get a fixed income. So it's not necessarily a bad thing if we have a strong nominal growth
environment and we have higher rates. If you get higher rates because of purely inflation, that's a problem, but higher is not always bad.
Jim Bianco from Chicago Bianco at Research and again he reiterates as we heard from doctor Pigs at Stefel, that this is a FED that's going to pauzzle on the way. He was bold, he said there is no soft landing. There's just no landing. We're out on YouTube podcasts and of course a subscribe to Bloomberg Podcast and good morning on your commute across America from New York City. Single best Idea