The Inflation Sensation Making Investors Think Twice
Jeffrey Gundlach, who in late 2014 said “TIPS are for losers,” now views Treasury Inflation Protected Securities as a good investment amid rising inflation. The securities have returned 7.5 percent in 2016, compared with a 4.5 percent gain for nominal U.S. sovereign debt, Bank of America Corp. indexes show. In Europe, ECB President Mario Draghi has come under fire in German media for causing an “inflation trap” -- an extended period of low interest rates paired with price gains that hurt the country’s savers. Goldman Sachs European Equity Strategist Sharon Bell discusses with Guy Johnson in London and Caroline Hyde in Berlin on "Bloomberg Markets: European Open."
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Lasry Says Market Will Take 'Big Hit' Without Tax Reform
24:40 - Marc Lasry, co-founder of Avenue Capital Management, discusses U.S. stocks and his investment strategy with Bloomberg's Erik Schatzker at the Bloomberg Global Business Forum in New York. (Source: Bloomberg)