UK Wage Inflation, American Euphoria and The Investment Trust Invasion

In this week's roundup, Merryn speaks with Money Distilled newsletter author John Stepek about the downside that comes with UK wages going up, Guy Hands and military homes, US exuberance reaching critical levels, and why it's important that US activist fund manager Saba Capital has been building up positions in lots of investment trusts.Become a Bloomberg.com subscriber using our special intro offer at bloomberg.com/podcastoffer. You’ll get episodes of this podcast ad-free and unlock access to deep reporting, data and analysis from reporters around the world. Already a subscriber? Connect your account on the Bloomberg channel page in Apple Podcasts to listen ad-free.Sign up to Merryn's newsletter: https://www.bloomberg.com/account/newsletters/merryn-talks-moneySee omnystudio.com/listener for privacy information.

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Merryn Talks Money with Bloomberg senior columnist Merryn Somerset Webb is your key to understanding how markets work – and how you can make them work for you. Every episode features a relaxed but in-depth conversation with a fund manager, a strategist, a Bloomberg expert or just someone Merryn finds particularly interesting in any given week. Listen in for the kind of insights and explanations everyone can use to help them make better saving and investing choices.