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The escalating tensions between the Trump administration and the Federal Reserve reach a new level as Jerome Powell is served with a DOJ subpoena, potentially threatening criminal charges over Fed building renovations, which Powell claims is an act of political revenge.
An expert discussion of portfolio construction that challenges traditional 60/40 investing strategies, explores the importance of understanding individual risk profiles, and examines how factors like time horizon, income stability, and macro trends impact optimal investment approaches.
Greg Grandin explains how the Monroe Doctrine has historically been a tool for the United States to assert dominance in Latin America, particularly during moments of global weakness, and how Trump's current approach to Venezuela represents a modern, transactional interpretation of this long-standing foreign policy principle.
An analysis of the potential geopolitical and oil market implications of Maduro's arrest reveals the complex challenges of developing Venezuela's massive oil reserves amid political uncertainty, sanctions, and low global oil prices.
Reed Hastings discusses the founding and growth of Netflix, focusing on key strategies like talent density, content portfolio approach, and long-term vision from DVD rental to streaming, while also sharing insights on leadership, board roles, and his current interests in education and AI.
A behind-the-scenes exploration of how economists at the Boston Fed's annual research conference develop and critique academic research that could eventually influence monetary policy, revealing the complex intellectual ecosystem where macro ideas are first drafted and debated.
A conversation with Bart Hutchins, chef-owner of Butterworth's, a buzzy Washington DC restaurant known for its political clientele, explores the intricacies of running a high-end restaurant, sourcing ingredients from local Amish farmers, and navigating the challenging post-pandemic restaurant landscape.
Tracy and Joe host their annual Q&A episode, answering listener questions about topics ranging from Chinese history and Bitcoin to Magic: The Gathering and their podcast's approach to interviewing guests.
Jan Hatzius and Ben Snider from Goldman Sachs discuss their economic and market outlook for 2026, highlighting strong earnings growth, the potential impact of AI, and expectations for continued economic resilience despite concerns about market concentration and productivity shifts.
John Law, a Scottish gambler and fugitive, becomes a key financial innovator who helps shape the modern monetary system through his gambling, economic theories, and eventual rise to power in France during a time of financial crisis.
Scott Kupor, director of the U.S. Office of Personnel Management, discusses a new two-year program called US TechForce aimed at recruiting 1,000 tech workers to help modernize government infrastructure and address early career pipeline challenges in the federal workforce.
A deep dive into the ongoing bidding war between Paramount and Netflix for Warner Bros. Discovery, exploring the potential implications for the media landscape, regulatory challenges, and the role of key players like the Ellison family and Donald Trump.
An exploration of rising auto loan delinquencies reveals a complex economic landscape where surging prices, higher interest rates, and escalating insurance costs are creating financial pressure for consumers across income levels.
Steve Hou discusses his Bloomberg Indices "Reformers Index" strategy, which systematically identifies and invests in companies experiencing fundamental improvement, demonstrating how stocks moving from "bad to less bad" can potentially outperform traditional market indices.
Alex Bores, a New York state assemblymember with a tech background, discusses his AI regulation bill and why the AI industry is targeting his congressional campaign with a $10 million super PAC effort.
Michael Lewis explores the lasting financial consequences of the 2008 crisis with Bloomberg columnist Matt Levine, discussing shifts in Wall Street's power dynamics, the rise of Bitcoin, and how risk has moved from traditional banks to alternative financial institutions.
Steven Rinella discusses the overlooked economic significance of hunting in early American history, exploring how animal products like deerskins, beaver pelts, and buffalo hides were crucial drivers of trade and industrial development.
D.A. Wallach, a former musician turned biotech investor, discusses the unique challenges of investing in biotechnology, including low probabilities of drug success, the potential of AI, and the evolving global landscape of pharmaceutical innovation.
A deep dive into the complex world of data center financing, exploring the challenges of power interconnection, tenant diversification, technological risks, and the emerging financial structures supporting the massive AI-driven infrastructure build-out.
A fascinating conversation with David Rubenstein exploring his journey from a modest background to becoming a successful private equity leader, philanthropist, and interviewer, delving into leadership, investing, history, humility, and the pursuit of happiness.
Dan Ivascyn discusses the changing fixed income landscape, the potential for bond investments in 2025, and the opportunities in global markets amid evolving economic and political conditions.
Max Levchin, co-founder and CEO of Affirm, discusses how his Buy Now, Pay Later company differentiates itself from traditional credit cards by offering transparent, no-hidden-fee lending with a focus on responsible borrowing and individual transaction underwriting.
Dan Wertman from Noetica discusses how AI is being used to analyze credit market deal terms, revealing a "flight to fortification" with lenders increasingly adding structural protections amid potential market distress and complex AI-related financing structures.
A comprehensive discussion on digital marketing, social media strategies, technology's impact on business and culture, and insights on Gen Z, focusing on capturing consumer attention in an ever-changing digital landscape.
Travis Kavulla explains the complexities of electricity pricing and grid infrastructure, focusing on the challenges of integrating massive AI data center demand and the regulatory approaches to managing electricity market growth.
A deep dive into the credit card industry reveals why interest rates are so high, exploring factors like marketing costs, interchange fees, and the surprising insensitivity of consumers to high borrowing rates.
Meb Faber discusses the current U.S. stock market's extreme valuations, arguing that while returns have been exceptional over the past 15 years, investors should look beyond U.S. stocks and consider alternatives like foreign markets, value stocks, and trend-following strategies.
In this episode, Harvard professor Graham Allison discusses the potential risks of a US-China conflict through the lens of the "Thucydides Trap," exploring the historical dynamics of rising and ruling powers and the delicate balance that could prevent or precipitate a potential war.
Ellen Huet discusses how Silicon Valley's culture of ideology, group houses, and self-actualization programs can create fertile ground for groupthink, drawing parallels between the OneTaste cult and current AI development narratives.
Ray Dalio discusses five major historical forces reshaping the world: monetary systems, wealth inequality, geopolitical shifts, natural events, and technological innovation, with a particular focus on how AI and current global changes reflect historical patterns of economic and societal transformation.
In this episode of Odd Lots, Bill Bullard, CEO of R-CALF USA, discusses the challenges facing America's cattle ranchers, including industry consolidation, import pressures, and the shrinking domestic beef supply, highlighting how a lack of antitrust enforcement and market concentration have squeezed independent cattle producers.
Boston Fed President Susan Collins discusses the current economic landscape, focusing on the delicate balance between managing inflation and potential labor market weakness, and explaining her cautious approach to potential interest rate cuts.
Tyler Cowen discusses why AI hasn't dramatically transformed the economy yet, arguing that while the technology is impressive, its impact will be gradual, with new organizations built around AI taking 20+ years to truly transform economic productivity.
Saagar Enjeti discusses the emerging bipartisan political backlash against AI, highlighting concerns about labor displacement, electricity usage, potential government bailouts, and growing skepticism towards tech leaders across the political spectrum.
Jeffrey Gundlach discusses his bearish outlook on financial markets, warning of potential crises in private credit, overvalued assets, and unsustainable US government debt, while recommending investors diversify with non-US assets, gold, and cash.
Citi's Dirk Willer discusses the current stock market bubble, its potential duration, and key indicators for identifying when the bubble might be nearing its end, drawing parallels to historical market bubbles like the dot-com era.
Paul Kedrosky argues that the AI boom is a unique bubble combining elements of real estate, technology, loose credit, and potential government backstops, creating an unprecedented and potentially unsustainable investment landscape.
Cliff Asness discusses how markets have become less efficient over the past decade, exploring reasons like the rise of passive investing, social media's impact on crowd behavior, and the increasing presence of retail investors trading based on momentum rather than fundamentals.
Jerry Neumann argues that while AI is revolutionary, the real winners won't be early investors or tech companies, but rather downstream businesses that use AI to expand their market share and pass efficiencies on to consumers, similar to how Walmart and IKEA benefited from containerization.
An in-depth exploration of China's real estate sector reveals how land became a critical economic asset, driving wealth creation and urban development while simultaneously creating a massive speculative bubble that threatens economic stability.
Dmitry Shevelenko discusses Perplexity's vision for transforming internet search and information retrieval through AI, focusing on accuracy, trust, and creating a new model for media and technology consumption.
A deep dive into how Hudson River Trading uses AI for short-term market predictions, exploring the nuanced differences between traditional algorithmic trading and modern AI approaches, with a focus on data processing, model training, and the unique challenges of trading technology.
A deep dive into why housing construction in America remains inefficient, exploring the challenges of prefabrication, manufacturing constraints, and the persistent low-tech nature of home building.
A deep dive into Sysco, the massive food distributor that has quietly shaped American restaurant menus through its extensive logistics network, standardized ingredients, and controversial roll-up strategy that has led to decreased food quality and variety.
Daniel Yergin discusses the current state of the global energy transition, highlighting the continued dominance of hydrocarbons, the challenges of shifting to renewable energy, and the complex interplay between technology, geopolitics, and energy markets.
As the dollar weakened unexpectedly despite tariffs and higher interest rates, global investors responded not by abandoning US dollar assets but by hedging their exposure through foreign exchange swaps, treating dollar investments increasingly like emerging market bonds.
George Saravelos from Deutsche Bank discusses the narrowing US-rest of world growth differential as the core driver of dollar weakness, explaining how Federal Reserve rate cuts, hedging costs, and a 4% US current account deficit threshold will shape medium-term currency movements.
Dan Sundheim of D1 Capital discusses his philosophy on fundamental stock picking, navigating the GameStop short squeeze, managing billions across public and private markets, and why he believes the public markets are increasingly problematic for successful companies.
Mary Daly, president of the San Francisco Fed, visits Anchorage, Alaska to gather firsthand insights about the economy by speaking with local businesses and understanding the unique challenges of operating in a remote, supply-chain-stressed state.
The U.S. government is taking unprecedented equity stakes in companies like Intel and MP Materials as part of a new, more interventionist industrial policy approach that marks a significant shift from traditional government support of industries.
An exploration of Argentina's persistent economic challenges, highlighting the country's recurring financial crises, political instability, and the potential for reform under President Javier Milei's administration.
The episode discusses the current state of the U.S. labor market, exploring issues such as government data collection, youth unemployment, immigration policies, and the economic challenges facing workers, particularly women and young people.
Imane Bakkar discusses the increasing volatility in electricity markets due to factors like AI, renewable energy, weather dependency, and the growing role of private markets in energy infrastructure.
Google had a remarkable week, potentially powering Apple's Siri with its Gemini AI and successfully fending off a major antitrust challenge. The company also made waves with its impressive Nano Banana image generation model, solidifying its position as a leader in generative AI.