Merryn Talks Money

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Senior Reporter John Stepek joins Merryn to discuss her conversation with Kokou Agbo-Bloua, the Societe Generale global head of economics, cross-asset and quant research. See omnystudio.com/listener for privacy information.

Recessions aren’t like they used to be, says Kokou Agbo-Bloua, The Societe Generale global head of economics, cross-asset and quant research contends fixed rate-debt and hefty cash piles have help companies develop short-term immunity to rising interest rates. So has the “kinetic velocity” of the vast fiscal stimulus of the last few years, he says.  Agbo-Bloua argues on this week’s Merryn Talks Mo...

Merryn and senior reporter John Stepek discuss the conversation with financial historian Edward Chancellor.  See omnystudio.com/listener for privacy information.

Financial historian Edward Chancellor tells Merryn how low rates resulted in capital being misallocated, and why that’s bad news for any soft landings. Plus, John Stepek tells investors how to get exposure to cheap UK equities.  See omnystudio.com/listener for privacy information.

Merryn and senior reporter John Stepek discuss the conversation with Argonaut’s Barry Norris.  Links of research/stories referenced in the show and aftershow:  https://www.argonautcapital.co.uk/stockumentaries/2023/10/26/britains-a-goner-with-the-wind/ https://www.these-islands.co.uk/publications/i390/an_inconvenient_fact.aspx https://www.gov.uk/government/news/boost-for-offshore-wind-as-governmen...

Argonaut’s Barry Norris, whose fund has been making money by shorting renewable energy firms, joins Merryn Talks Money to explain. Links of research/stories referenced in the show and aftershow:  https://www.argonautcapital.co.uk/stockumentaries/2023/10/26/britains-a-goner-with-the-wind/ https://www.these-islands.co.uk/publications/i390/an_inconvenient_fact.aspx https://www.gov.uk/government/news/...

Merryn Somerset Webb and senior reporter John Stepek reflect on Asante’s assessment of the current EM landscape, debate his argument for choosing India over China as a place to invest and how he chooses what companies to put his money behind.  See omnystudio.com/listener for privacy information.

Emerging markets have had a bad stretch, but fund manager Jonathan Asante explains how picky investors can make them work. After taking a break from the industry in 2019, Asante is getting back in with the launch of the Chikara Global Emerging Markets Opportunities Fund. Plus, John Stepek joins to talk about the leasehold reform mentioned in this week's King's Speech.  See omnystudio.com/listener...

At Bloomberg, we’re always talking about the biggest business stories, and no one is bigger than Elon Musk. In this new chat weekly show, host David Papadopoulos and a panel of guests including Businessweek’s Max Chafkin, Tesla reporter Dana Hull, Big Tech editor Sarah Frier, and more, will break down the most important stories on Musk and his empire. Listen wherever you get your podcasts.   See o...

Cathie Wood says she would unambiguously bet on Bitcoin — rather than gold or cash — to safeguard against the possibility of deflation in the coming decade. The head of ARK Investment Management  joins this week’s  Merryn Talks Money podcast and reiterates her view that she expects an era of falling prices, backed by new technologies including artificial intelligence, electric vehicles, robotics,...

Despite a rough few years for her Innovation exchange-traded fund, Ark Investment Management founder Cathie Wood still sees a bright future. She joins this week to talk about her outlook, Tesla, the merits of Bitcoin and more.  Plus, John Stepek joins to discuss the Bank of England's decision to keep rates unchanged.  See omnystudio.com/listener for privacy information.

In the UK, there are 70% fewer listed companies today than in 1996. Around the world, equity markets are getting progressively smaller as the number of publicly traded companies dwindles. So where have all the companies gone? In this week’s episode of  Merryn Talks Money , Schroders’s Duncan Lamont and Douglas Abbott join host Merryn Somerset Webb to try and answer that question. See omnystudio.co...

Why have equity markets around the world, and in the UK in particular, been shrinking? According to Duncan Lamont and Douglas Abbott of Schroders, the answer is simple: a robust private equity industry means more companies are going private. The two men joined Merryn Somerset Webb this week on the podcast  Merryn Talks Money to discuss this state of affairs, both globally and in Britain where the...

The way the British government funds itself is complicated—ridden with fiscal drag and stealth levies. Everyone seems to hate the system for something, and there’s arguably a dire need for reform. That’s the case that was made by Institute for Fiscal Studies Director Paul Johnson during an episode of  Merryn Talks Money this week. But what kind of changes are we talking about, and will they work?...

Institute for Fiscal Studies Director Paul Johnson joins this week’s episode of  Merryn Talks Money to explain how the seemingly impossible can be achieved. See omnystudio.com/listener for privacy information.

In a new series, Merryn Somerset Webb and John Stepek are examining housing markets across the globe to see how they’re holding up, and if there are any lessons we can read across to the UK. On this episode, they take a look at Germany with Bloomberg editor Benedikt Kammel and TV correspondent Oliver Crook, both in Berlin, and talk about the profitable world of subletting, the consequences of rent...

The reckoning for markets is picking up speed, says GMO co-founder Jeremy Grantham, and as a result investors for should be wary of the US. On this week's aftershow, Merryn and John Stepek unpack Grantham's comments.  See omnystudio.com/listener for privacy information.

In 2021, Jeremy Grantham was telling anyone who would listen that global asset markets were in one of the biggest bubbles of all time—and that a reckoning was coming. That reckoning, he says, began the next year. The co-founder of GMO LLC says that, while this reckoning recently took a break, it’s now back with a vengeance. Grantham joins this week’s episode of  Merryn Talks Money to make the case...

If you think the US is heading for a soft landing, you might have another thing coming. That’s according to Seema Shah, the chief global strategist for Principal Asset Management. Despite a stream of data in recent weeks supporting the Federal Reserve’s best-case scenario, Shah argues there’s no way an economy can survive the super-fast shift in interest rates just seen without some relatively unp...

On this week’s Merryn Talks Money , host Merryn Somerset Webb poses the question of whether Brexit has actually harmed the UK economy as much as some may think. The answer is discussed by her guests: Robert Colville, director of the Centre for Policy Studies, who voted for the UK to remain in the European Union, and economist Julian Jessop, who voted for the UK to leave. They agree that—in the sho...

Matt Cole, head of Strive Asset Management, the anti-activism fund co-founded by GOP hopeful Vivek Ramaswamy, assails the use of sustainability targets in determining executive pay.  He joins this week’s Merryn Talks Money  to discuss what he says is Strive’s mission— encouraging companies to “focus on excellence” rather than ESG mandates—and argues why he thinks ESG mandates threaten democracy. ...

Senior reporter and Money Distilled  author John Stepek joins Merryn to talk through the themes hit in the two panels at the Fringe Festival in Edinburgh.  See omnystudio.com/listener for privacy information.

This week, we bring you a lightly edited version of Merryn's panel at the Fringe Festival in Edinburgh called "The Butcher, the Brewer, the Baker and Merryn Somerset Webb." It was held at Panmure House--Adam Smith's residence between 1778 and 1790. We taped this panel on August 26, 2023. Guests include: Russell Napier, Anna MacDonald and James Anderson. Sign up to John Stepek's Money Distilled : ...

Double feature this week--here is the second day of Merryn's panel "The Butcher, the Brewer, the Baker." Again, it was held at Panmure House--Adam Smith's residence between 1778 and 1790. We taped this panel on August 27, 2023. Guests include: Jim Mellon, Richard Wilson, Paul Johnson and Simon Evans. Sign up to John Stepek's Money Distilled :  https://www.bloomberg.com/account/newsletters/uk-wealt...