Himmelberg de Goldman ve 'fuerte' crecimiento en 2018

The transcript discusses the uncertainty in economic policy and its impact on markets, highlighting the role of figures like Gary Cohn. It explores market volatility, particularly the VIX, and the lack of drama in macro data. The speaker is reluctantly bullish on equities due to high valuations but sees strong growth prospects for 2018. Concerns about flash crashes and their potential impact on markets are raised. The discussion also covers quantitative tightening, its psychological effects on markets, and the belief in QE's role in asset price rallies.

What was the market's perception of Gary Cohn's role in the White House?

• A proponent of deregulation

• A supporter of increased government spending

• An advocate for higher tariffs

• A voice for the markets and a balancing force

What is the main reason for being reluctantly bullish on equities?

• Decreasing global growth

• High valuations and low macro volatility

• Increasing interest rates

• Rising inflation

What is the concern regarding flash crashes in the market?

• They might happen when the market is already worried about the macro environment

• They are always followed by a recession

• They occur during stable macro conditions

• They are caused by high inflation

How do central banks' actions relate to market psychology?

• They have no impact on market psychology

• Central banks' actions are irrelevant to asset prices

• Quantitative easing is seen as a security blanket

• Quantitative tightening always leads to market crashes

What is the market's belief about the role of quantitative easing (QE)?

• It only affected the bond market

• It was a significant driver of asset price rallies

• It was a minor factor in market expansion

• It had no effect on asset prices