Bloomberg Talks
00:12:06 · Tom Keene, Gary Gensler, S4, Tom Keene
[00:12:06] S0: That's a deep thing. [00:12:07] S1: I worry, of course, about this overall financial stability as we decelerate from a capital expenditure boom. And then you've got a White House that's just got their foot on the accelerator pedal and wants to go as fast as possible in competition with China. And China's not going to slow down. So these are hard choices. And then the Federal Reserve has to decide, well, Do we raise rates again in December? Do we raise rates again in March? I think they might pause after December. [00:12:38] S4: What's the pixie dust? Come on. [00:12:40] S3: Simon Johnson finally won a Nobel Prize. His book, 13 Bankers, was brilliant on the crass, a short monograph. [00:12:48] S4: Holland Woodford, MIT. [00:12:51] S3: I mean, is it the legacy of Solo in 1956? Stanley Fisher? What's the pixie dust? on the Cambridge River at MIT? [00:13:00] S1: Look, I mean, my colleagues and I don't agree, and that's a good thing about being at MIT. [00:13:08] S0: There's such a diversity of views. [00:13:11] S1: Some think there's only going to be modest productivity gains and there'll be significant Labor disruptions. [00:13:19] S0: I'm more optimistic [00:13:20] S1: About the productivity gains over the next five to 10 years, but that still could be that we've overbuilt some of these data centers at the same time.