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Here& #39;s a thread of some older Odd Lots episodes @TheStalwart and I have made that are worth listening to right now.
Clearly we& #39;re in unprecedented times for markets, finance, the economy and society, but there are some consistent themes that start to emerge --->
Clearly we& #39;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">https://podcasts.apple.com/us/podcas...
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& #39;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">https://podcasts.apple.com/us/podcas...
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">https://podcasts.apple.com/us/podcas...
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">https://podcasts.apple.com/us/podcas...
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">https://podcasts.apple.com/us/podcas...
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/us/podcas... https://podcasts.apple.com/au/podcast/why-the-dominant-u-s-dollar-refuses-to-go-away/id1056200096?i=1000449948684">https://podcasts.apple.com/au/podcas...
https://podcasts.apple.com/us/podcast/why-a-strong-dollar-causes-most-of-the-world-major-pain/id1056200096?i=1000443312625">https://podcasts.apple.com/us/podcas... https://podcasts.apple.com/au/podcast/why-the-dominant-u-s-dollar-refuses-to-go-away/id1056200096?i=1000449948684">https://podcasts.apple.com/au/podcas...
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">https://podcasts.apple.com/us/podcas...
I& #39;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">https://podcasts.apple.com/us/podcas...
And we spoke recently to Chris White of @viablemkts about what& #39;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/podcas... href=" https://podcasts.apple.com/us/podcast/48-the-lost-history-of-financial-market-modernization/id1056200096?i=1000376129786">https://podcasts.apple.com/us/podcas... https://www.bloomberg.com/news/articles/2019-04-22/why-it-s-the-end-of-an-era-for-odd-lots">https://www.bloomberg.com/news/arti...
https://podcasts.apple.com/us/podcast/episode-2-under-the-hood-of-the-%248-trln-corporate-bond-market/id1056200096?i=1000380179171
There are so many others (Richard Sylla on interest rates, Matt King, Viktor Shvets etc.) but I& #39;ll stop here.
I& #39;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& #39;ve only listed older episodes here. There are of course LOTS of great episodes from 2020, including ones with @bennpeifert, @PMehrling, @profplum99 & @Claudia_Sahm.
