Impact of Sandy on Insurers, Outlook for Stocks

Nov. 1 (Bloomberg) -- Dan Wiener, chief executive officer of Adviser Investments, and Gregory Locraft, an analyst at Morgan Stanley, talk about the mortgage-backed bond market, the impact of Atlantic superstorm Sandy on the insurance industry, and the outlook for the U.S. stock market. Locraft sees growth opportunities for Marsh & McLennan Cos. They speak with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)

Should We Be Concerned About Chinese Growth?
49:38 - Kyle Bass, the hedge fund manager who successfully bet against mortgages during the subprime crisis, said China’s banking system may see losses of more than four times those suffered by U.S. banks during the last crisis. Elga Bartsch, Morgan Stanley’s co-chief global economist, told Bloomberg’s Manus Cranny and Anna Edwards on “Countdown” she thinks the Chinese economy is strong enough to withstand any losses accumulated in the financial system.
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