markets continue to shrug off risk. it s really surprising when you look at all the events that have gone on in the market becomes so jaded. they don t react like they used to. i don t know about you, but i m nervous. and it seems like when investors are nervous they are prone to being spooked. and nothing seems to spook the market. central banks are keeping the peddal too much on the gas and we are sucking out volatility that is not conducive to long-term growth. in this case, i don t think it s a bubble, i just think there is a disaster risk the markets are not taking into account. lisa: lots of existential angst. joining me in new york is michael cloherty. bonnie wongtrakool, portfolio manager at western asset management and scott kimball. i want to start with the ecb. we did get news overnight giving more details about what their plan might look like next year. i m struck by the fact that the market rallied. people bought on the idea of them buying fewer bonds.
markets continue to shrug off risk. it s really surprising when you look at all the events that have gone on in the market s have become so jaded. they don t react like they used to. i don t know about you, but i m nervous. and it seems like when investors are nervous they are prone to being spooked. and nothing seems to spook the market. central banks are keeping the pedal too much on the gas and we are sucking out volatility that is not conducive to long-term growth. in this case, i don t think it is a really overwhelming bubble i just think there is a , disaster risk the markets are not taking into account. lisa: lots of existential angst. not a lot of action. during the around the table in new york is michael cloherty., e head of interest rate strategy at ibc capital markets. bonnie wongtrakool, portfolio manager at western asset management and scott kimball. the portfolio manager at core plus bond fund. i want to start with the ecb. we did get news overnight givi
the largest u.s. banks report earnings and revealing a less creditworthy the american consumer. how big of a concern is that for debt markets? we start with a big issue, markets continue to shrug off risk. it s really surprising when you look at all the events that have gone on in the markets have become so jaded. they don t react like they used to. i don t know about you, but i m nervous. and it seems like when investors are nervous they are prone to being spooked. and nothing seems to spook the market. central banks are keeping the pedal too much on the gas and we are sucking out volatility that is not conducive to long-term growth. in this case, i don t think it is a really overwhelming bubble, i just think there is a disaster risk the markets are not taking into account. lisa: lots of existential angst. not a lot of action. during the around the table in new york is michael cloherty. head of u.s. interest rate strategy at rbc capital markets. bonnie wongtrakool, p
as the largest u.s. banks report earnings, they are revealing a less credit worthy american consumer. how big a concern is that? we start with the big issue. markets continue to shrug off risk. it is it really surprising when you look at all the events that have gone on the. the markets do not react to it like they used to. i am nervous. areeems like when investors nervous, they are prone to being spooked. are keeping the paddle too much on the gas. we are sucking out of the volatility in a way i do not think is conducive to growth. do not see ane, i overwhelming bubble, i just think there is a risk of the markets are not taking into account. lisa: a lot of angst, not a lot of action. is and it s got kimball, portfolio manager at bmo tch. i want to start with the ecb. i am struck by the fact that the bond market rallied. people bottom bonds. bought ons. the consensus last night was the ecb would finish tapering around the second half of next year. what is being talked
markets continue to shrug off risk. it s really surprising when you look at all the events that have gone on in the markets have become so jaded. they don t react like they used to. i don t know about you, but i m nervous. and it seems like when investors are nervous they are prone to being spooked. and nothing seems to spook the market. central banks are keeping the pedal too much on the gas and we are sucking out volatility that is not conducive to long-term growth. in this case, i don t think it is a really overwhelming bubble, i just think there is a disaster risk the markets are not taking into account. lisa: lots of existential angst. not a lot of action. joining me around the table in new york is michael cloherty. head of u.s. interest rate strategy at rbc capital markets. bonnie wongtrakool, portfolio manager at western asset management and scott kimball. the portfolio manager at core plus bond fund. i want to start with the ecb. since we did get news overnigh