Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets.
Episode 12: How a Consultant Foresaw the 2015 Commodities Crash
On this episode, co-host Tracy Alloway is joined by Bloomberg Markets reporter Luke Kawa for a journey back in time. As the global elite mingle at the World Economic Forum's annual meeting in Davos, Switzerland, we look back at a WEF gathering five years ago. Back then, the mood was buoyant -- markets had recovered from the 2008 financial crisis and the euro-zone debt crisis had yet to fully unfold. But Barrie Wilkinson, a partner at Oliver Wyman Ltd., wasn't feeling so jubilant. As bankers, regulators, and politicians congratulated themselves for a job well done, he was warning of a brewing crisis that would start with a crash in commodities prices in 2015. Now, parts of his 27-page report seem eerily prescient.
See omnystudio.com/listener for privacy information.