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Here's a thread of some older Odd Lots episodes @TheStalwart and I have made that are worth listening to right now.
Clearly we're in unprecedented times for markets, finance, the economy and society, but there are some consistent themes that start to emerge --->
Clearly we're in unprecedented times for markets, finance, the economy and society, but there are some consistent themes that start to emerge --->
First, the world is terrible right now. So listen to Arthur Demarest, an anthropologist who’s often been compared to India Jones, talk about why civilizations collapse (Yes, I think about this one a lot): https://podcasts.apple.com/us/podcast/55-here-are-signs-that-civilization-is-about-to-collapse/id1056200096?i=1000383529431
The recent market crash is certain to wind up in history books. Here’s @ScottNations walking us through what all the great market crashes in history have in common (he'll have to add a new chapter to his book!) https://podcasts.apple.com/us/podcast/this-is-what-all-great-stock-market-bubbles-crashes/id1056200096?i=1000391537917
One more as it relates to the market crash: we’ve just witnessed the worst sell-off in stocks since 1987, so it’s worth listening to one trader give an eyewitness account of Black Monday, *and* explain how he actually made money that day. https://podcasts.apple.com/us/podcast/how-one-trader-won-big-while-everyone-else-panicked/id1056200096?i=1000393574050
On to more recent events... Chris Cole at @ArtemisVol has been warning for years that the market is structurally short volatility. We saw that trade blow up big time in March. https://podcasts.apple.com/us/podcast/the-markets-big-bet-on-low-volatility/id1056200096?i=1000425486878
Feedback loops almost certainly contributed to the mayhem and value-at-risk models were part of that. Here, the guy who created VaR while at JPMorgan, explains exactly what it is and how it can impact markets. https://podcasts.apple.com/us/podcast/creator-var-explains-how-large-banks-measure-risk-their/id1056200096?i=1000414564268
We’ve seen a big scramble for dollars. Here are two episodes with @HyunSongShin and @DavidBeckworth explaining why the dollar is such a central feature of our financial system.
https://podcasts.apple.com/us/podcast/why-a-strong-dollar-causes-most-of-the-world-major-pain/id1056200096?i=1000443312625 https://podcasts.apple.com/au/podcast/why-the-dominant-u-s-dollar-refuses-to-go-away/id1056200096?i=1000449948684
https://podcasts.apple.com/us/podcast/why-a-strong-dollar-causes-most-of-the-world-major-pain/id1056200096?i=1000443312625 https://podcasts.apple.com/au/podcast/why-the-dominant-u-s-dollar-refuses-to-go-away/id1056200096?i=1000449948684
And @JeffSnider_AIP is also great on the topic of financial market vulnerabilities, specifically the eurodollar market. https://podcasts.apple.com/us/podcast/why-eurodollars-might-be-ground-zero-for-de-globalization/id1056200096?i=1000422769534
I've been tweeting a lot about the mortgage market and a lot of that credit risk is now born by shadow banks outside of the traditional banking system. We interviewed Dan Zwirn on the topic a few years ago: https://podcasts.apple.com/us/podcast/22-the-unbearable-brightness-of-being-a-shadow-bank/id1056200096?i=1000374044366
And we spoke recently to Chris White of @viablemkts about what's going on in corporate bonds. He holds the record for guest with the most Odd Lots appearances:
https://podcasts.apple.com/us/podcast/episode-2-under-the-hood-of-the-%248-trln-corporate-bond-market/id1056200096?i=1000380179171
https://podcasts.apple.com/us/podcast/48-the-lost-history-of-financial-market-modernization/id1056200096?i=1000376129786 https://www.bloomberg.com/news/articles/2019-04-22/why-it-s-the-end-of-an-era-for-odd-lots
https://podcasts.apple.com/us/podcast/episode-2-under-the-hood-of-the-%248-trln-corporate-bond-market/id1056200096?i=1000380179171
https://podcasts.apple.com/us/podcast/48-the-lost-history-of-financial-market-modernization/id1056200096?i=1000376129786 https://www.bloomberg.com/news/articles/2019-04-22/why-it-s-the-end-of-an-era-for-odd-lots
There are so many others (Richard Sylla on interest rates, Matt King, Viktor Shvets etc.) but I'll stop here.
I've only listed older episodes here. There are of course LOTS of great episodes from 2020, including ones with @bennpeifert, @PMehrling, @profplum99 & @Claudia_Sahm.
I've only listed older episodes here. There are of course LOTS of great episodes from 2020, including ones with @bennpeifert, @PMehrling, @profplum99 & @Claudia_Sahm.
