Bloomberg Audio Studios, podcasts, radio News.

Bloomberg Audio Studios, podcasts, radio News.

Single Best Idea. Thank you for the feedback. We're just rolling this out. As they say, it's a work in progress. Actually every show we do is at work in progress and pro tip on how we put this together, which is a great, great team of their bookers, but there are also people that really try to keep in touch with the people that we talked to, how they fit in and what they've been doing over the last three months, six months, one year. And our two guests today on Single Best Idea are the kind of thing where you look back and say how they do. We're gonna talk about bitcoin in a minute with Professor Keani from NYU Aisha Kiani running a hedge fund as well. But first someone we can look back on, which is Michael Wilson. Michael Wilson is with Equity Strategy Morgan Stanley and of course was really noted over the last eighteen months. Is someone very cautious about the lift in the markets and the outline today in our extended conversation, he said, you know, well we got sort of the first lift, which I attribute to Edyardnny and Ralphi Knpora and Mike Wilson participated in the two octobers ago lift, but maybe he didn't really see coming the shock of the bullmarket coming out of October of twenty twenty three. That lift in the markets, which you continue to see Oracle today up big, big, big, and you know the rest of the exuberance that's out there has led to new leverage where you know, we make a joke about triple leveraged all cash fund, Well it's a triple leverage this fund. The four Bowl leverage. I haven't seen, Bobby, have you seen five x's xx xxx leverage? I haven't seen that yet, either is Mike Wilson. But here is Mike Wilson on our new desire, our demand for leverage.

Single Best Idea. Thank you for the feedback. We're just rolling this out. As they say, it's a work in progress. Actually every show we do is at work in progress and pro tip on how we put this together, which is a great, great team of their bookers, but there are also people that really try to keep in touch with the people that we talked to, how they fit in and what they've been doing over the last three months, six months, one year. And our two guests today on Single Best Idea are the kind of thing where you look back and say how they do. We're gonna talk about bitcoin in a minute with Professor Keani from NYU Aisha Kiani running a hedge fund as well. But first someone we can look back on, which is Michael Wilson. Michael Wilson is with Equity Strategy Morgan Stanley and of course was really noted over the last eighteen months. Is someone very cautious about the lift in the markets and the outline today in our extended conversation, he said, you know, well we got sort of the first lift, which I attribute to Edyardnny and Ralphi Knpora and Mike Wilson participated in the two octobers ago lift, but maybe he didn't really see coming the shock of the bullmarket coming out of October of twenty twenty three. That lift in the markets, which you continue to see Oracle today up big, big, big, and you know the rest of the exuberance that's out there has led to new leverage where you know, we make a joke about triple leveraged all cash fund, Well it's a triple leverage this fund. The four Bowl leverage. I haven't seen, Bobby, have you seen five x's xx xxx leverage? I haven't seen that yet, either is Mike Wilson. But here is Mike Wilson on our new desire, our demand for leverage.

You know, obviously last fall we had a lot of fear priced in, and now we have a lot of greed priced then. So we are seeing speculative activity pick up in a meaningful way. I would say the daily expiration options market is probably your single best example of that. We have a lot of people sort of you know in the stock market is like prop bets almost like draft gings and things like that. That to me is you know, signs that exuberances is pretty high. Now that doesn't have to end in tiers. Okay, Leverage isn't always bad, but you know, we have a situation where people are reaching for risk because you know there's full mill Yeah, and you know that's that's where the pendulum is right now.

You know, obviously last fall we had a lot of fear priced in, and now we have a lot of greed priced then. So we are seeing speculative activity pick up in a meaningful way. I would say the daily expiration options market is probably your single best example of that. We have a lot of people sort of you know in the stock market is like prop bets almost like draft gings and things like that. That to me is you know, signs that exuberances is pretty high. Now that doesn't have to end in tiers. Okay, Leverage isn't always bad, but you know, we have a situation where people are reaching for risk because you know there's full mill Yeah, and you know that's that's where the pendulum is right now.

Tom, Mike Wilson there of Morgan Stanley. We drove forward the conversation across the inflation report today. Billy was wonderful with Milken Institute, Ira Jersey from Bloomberg Intelligence adding a lot of value on an inflation report. I love what Kathy Jones said out on Twitter with Schwab where she said, you know this course service thing, guess what it's ticking up. The fact is, who knows what the Fed's going to do in March twenty, but the answers they're going to do less, Maybe come out with some new guestamates. Michael McKee's better at that than I am. On leverage and on the exuberants out there, there's nothing more exuberant right now than to dash on bitcoin from a lower price up to seventy two thousand dollars today. Well Times is a professor from NYU running aheade from Aysha Kiani she's a big, big proponent of bitcoin, and she talked a lot about the different tones of bitcoin that are out there. Let's listen in to Professor Keani.

Tom, Mike Wilson there of Morgan Stanley. We drove forward the conversation across the inflation report today. Billy was wonderful with Milken Institute, Ira Jersey from Bloomberg Intelligence adding a lot of value on an inflation report. I love what Kathy Jones said out on Twitter with Schwab where she said, you know this course service thing, guess what it's ticking up. The fact is, who knows what the Fed's going to do in March twenty, but the answers they're going to do less, Maybe come out with some new guestamates. Michael McKee's better at that than I am. On leverage and on the exuberants out there, there's nothing more exuberant right now than to dash on bitcoin from a lower price up to seventy two thousand dollars today. Well Times is a professor from NYU running aheade from Aysha Kiani she's a big, big proponent of bitcoin, and she talked a lot about the different tones of bitcoin that are out there. Let's listen in to Professor Keani.

In my most humble opinion, the underlying is the technology that it's built on, and that's something that I teach, so I could spend an entire day on it. The essence of blockchain obviously, you know Bloomberg data on how you know someone like Bloomberg could use you know, blockchains. That's the underlying asset. Obviously, if you would ask someone else, it would say, you know, the essence of proof of work, or how it's mine, or how it's in limited quality, or how it's digital goal for my generation.

In my most humble opinion, the underlying is the technology that it's built on, and that's something that I teach, so I could spend an entire day on it. The essence of blockchain obviously, you know Bloomberg data on how you know someone like Bloomberg could use you know, blockchains. That's the underlying asset. Obviously, if you would ask someone else, it would say, you know, the essence of proof of work, or how it's mine, or how it's in limited quality, or how it's digital goal for my generation.

Let the debate begin. Oh, I can see the feedback from this. The answer is, there are those that believe in proof of work, there are those that believe in a blockchain future for some form of bitcoin ethereum, whatever, and there's a lot of other people just at New York University Professor Keani talking about as she teaches bitcoin a real substance. There where someone like Professor Emeritis Noria Rabini sharply on the other side of the debate. What I would say whether you're in bitcoin or not, whether you're thinking about getting in or not, be informed at least about the debate. Try to see where you fit in to the debate on bitcoin. But the answer is if you're not informed on this, you're gonna get run over at some time. Of course, the big event coming up is having We'll have to see how that goes. It has to do with mining. I asked her about like we're the mine, and that itself is a huge debate coming out of China. China basically threw the bitcoin miners out, I think as a general statement, and they're spread around the world. This has been a lot of fun. We're doing Single Best Idea here with Mike Wilson and Aishikiani. We'll continue to do it. Single Best Idea is a podcast. I think Apple podcast is the best place to get this, particularly for those of you that are you know, listening to five, six, eight, ten podcasts a day. We're trying to keep this podcast week and short, really under six minutes. It's just a touch of two guests today, we'll dive into tomorrow. Damian Sasa are rumored to be with us again. We're talking with his entourage right now see if we can get him in early. Here. We do this on Apple car Play and we do it on YouTube. YouTube, you go into the box, you search Bloomberg podcasts, it's there, a big white screen. It's that surveillance. And that's the three hour broadcast they do. We do every morning across America worldwide for global wastrible and for you lumbered surveillance

Let the debate begin. Oh, I can see the feedback from this. The answer is, there are those that believe in proof of work, there are those that believe in a blockchain future for some form of bitcoin ethereum, whatever, and there's a lot of other people just at New York University Professor Keani talking about as she teaches bitcoin a real substance. There where someone like Professor Emeritis Noria Rabini sharply on the other side of the debate. What I would say whether you're in bitcoin or not, whether you're thinking about getting in or not, be informed at least about the debate. Try to see where you fit in to the debate on bitcoin. But the answer is if you're not informed on this, you're gonna get run over at some time. Of course, the big event coming up is having We'll have to see how that goes. It has to do with mining. I asked her about like we're the mine, and that itself is a huge debate coming out of China. China basically threw the bitcoin miners out, I think as a general statement, and they're spread around the world. This has been a lot of fun. We're doing Single Best Idea here with Mike Wilson and Aishikiani. We'll continue to do it. Single Best Idea is a podcast. I think Apple podcast is the best place to get this, particularly for those of you that are you know, listening to five, six, eight, ten podcasts a day. We're trying to keep this podcast week and short, really under six minutes. It's just a touch of two guests today, we'll dive into tomorrow. Damian Sasa are rumored to be with us again. We're talking with his entourage right now see if we can get him in early. Here. We do this on Apple car Play and we do it on YouTube. YouTube, you go into the box, you search Bloomberg podcasts, it's there, a big white screen. It's that surveillance. And that's the three hour broadcast they do. We do every morning across America worldwide for global wastrible and for you lumbered surveillance

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