What podcasts say about Krishna Guha
Every statement, with the speaker, the exact quote and the moment it was said.
What Krishna Guha has said on podcasts
27 statements · 12 positive · 14 negative · 1 mixed
Inflation is heading downward.
“I do think it's heading down.”
Open the episode · 5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78Listen at 2:55
Tariff-driven inflation will leave reported inflation numbers soon.
“I do think that the tariff inflation is going to drop out of the numbers fairly soon.”
Open the episode · 5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78Listen at 2:57
Oil prices will not create a lasting inflation impulse.
“I don't see any evidence that oil is going to create some kind of lasting inflation impulse.”
Open the episode · 5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78Listen at 3:05
Quantitative easing contributed to aggregate demand.
“So I personally believe strongly that QE did contribute to demand.”
Open the episode · 5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78Listen at 8:39
Greater borrowing competition is raising borrowing rates.
“there are more borrowers competing for savings, competing for capital, and so that's bidding up the- the rate they have to pay.”
Open the episode · 5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78Listen at 12:30
The normal interest rate will be higher over the next several years.
“the normal interest rate is just going to need to be a little higher, the normal Fed funds rate.”
Open the episode · 5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78Listen at 13:26
Higher refined-fuel prices are pushing inflation and bond yields upward.
“It's putting upward pressure on inflation and on bond yields.”
Open the episode · 5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78Listen at 14:06
Kevin Walsh’s reduced guidance contributed to recent rates-market overshooting.
“Walsh has removed those guardrails. And that has contributed, in my view, to rates markets running rampant over recent weeks.”
Open the episode · 5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78Listen at 22:32
Financial markets can overshoot and overreact.
“markets do overshoot and markets overreact.”
Open the episode · 5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78Listen at 23:07
Treasury’s operation-twist buybacks are intended to lower long-term rates.
“And the idea is it'll bring down the long-term rates.”
Open the episode · 5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78Listen at 25:23
Treasury’s narrow bond-buyback program has limited overall market impact.
“it doesn't have a huge amount of impact overall.”
Open the episode · 5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78Listen at 26:05
Scott Bessent recognized the bond-buyback strategy was losing and withdrew.
“I think he bit off more than he could chew. I actually give him credit. that instead of getting sucked into an escalation game, I think he saw that he was on a losing trade there. And he backed off.”
Open the episode · 5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78Listen at 27:18
Regulatory reforms may encourage banks to hold fewer reserves and more Treasuries.
“the administration and the Fed together, because they have overlapping authorities on some of these things, are looking at reforming regulations in a way that, in effect, encourages banks to hold fewer Fed reserves, which would help Kevin Walsh in his goal of bringing down the Fed balance sheet. and potentially hold more treasuries in return.”
Open the episode · 5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78Listen at 28:22
Scott Bessent’s buybacks failed to reduce yields and may have worsened conditions.
“it looks pretty clear that Besant did not succeed in damping down these yields. And arguably, this may have actually on net hurt them rather than help them.”
Open the episode · 5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78Listen at 30:00
Government intervention in its debt market can undermine investor confidence.
“it doesn't help when you start. It looks to investors like you. The US government are feeling more difficulty getting your debt acquired in the marketplace, and that doesn't help confidence.”
Open the episode · 5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78Listen at 30:28
AI investment is less sensitive to interest rates than ordinary business activity.
“The AI story. is plausibly a lot less interest rate sensitive than other types of normal business activity.”
Open the episode · 5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78Listen at 31:30
The housing market is severely depressed because mortgage rates are 7%.
“Housing is completely bombed out because mortgage rates are 7%. And there's no indication of that turning around anytime soon.”
Open the episode · 5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78Listen at 33:33
Significantly impairing AI investment may require long-term rates around 6%.
“That might require rates to go, long-term borrowing costs to go even significantly higher from here, say six handle or something.”
Open the episode · 5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78Listen at 34:00
A stock-market selloff would create a negative wealth effect for consumers.
“The one thing to watch right now is whether the stock market can withstand 10-year yields in this zip code. Because if the stock market sells off-”
Open the episode · 5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78Listen at 35:09
Alan Greenspan’s macroeconomic management deserves a 9–10 out of 10.
“in his handling of the macroeconomy, it was very, very good. You'd have to give him a 9 out of 10, maybe even a 10 out of 10.”
Open the episode · 5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78Listen at 35:52
Alan Greenspan’s views contributed to inadequate financial-stability regulation.
“contributed importantly to the lack of financial stability regulation that we ultimately paid a very heavy price for in the financial crisis.”
Open the episode · 5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78Listen at 36:22
Ben Bernanke’s Federal Reserve prevented a return to the Great Depression.
“I do believe that Bernanke's Fed stood between the US economy and a return to the Great Depression.”
Open the episode · 5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78Listen at 38:50
Bernanke’s crisis tools arguably prevented catastrophic economic outcomes twice.
“These arguably saved the world twice.”
Open the episode · 5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78Listen at 39:17
Janet Yellen believed rates needed to remain low longer to support labor-market recovery.
“the Fed needed to keep rates very low for much longer than many people thought in order to try to foster a fuller labor market recovery.”
Open the episode · 5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78Listen at 40:28
Jay Powell prevented a financial crisis comparable to 2008 during COVID.
“he prevented a financial crisis on the order of the GFC, on the order of 2008.”
Open the episode · 5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78Listen at 42:49
Jay Powell reduced inflation without materially increasing unemployment.
“Jay Powell achieved something that most economists thought was unreachable, which was to bring inflation down without pushing unemployment up. By any meaningful amount.”
Open the episode · 5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78Listen at 43:53
Powell was on track to reach 2% inflation without damaging the labor market.
“we were on track for... Powell to pull off the great escape, get inflation down to target without wrecking the labor market.”
Open the episode · 5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78Listen at 44:31
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.