Podcasts about brown brothers harriman

  If uncertainty is the new normal – how can the commodities markets and participants adapt? What does that mean for costs, supply chains and people.  In May we held our latest Live Event in London, in partnership with ITFA. The event was hosted by Aon, with additional sponsorship by Atradius, Brown Brothers Harriman, Coface, Natixis Partners, Pole Star Global, The Mercury Group and RESCOM. Our panellists debated themes including the sources of uncertainty, and what it means for markets, prices and participants. What are the impacts of tariffs and geopolitical tensions? What is the state of the talent landscape as a new generation of professionals, and new businesses, confront these challenges? Is a new generation of deep specialists ready? Joining podcast host, Paul Chapman was Stuart Lawson, Global Head at Aon Credit Solutions; Khushroo Pochkhanawalla, Commodity Risk Director at The Heineken Company; Matthew Chamberlain, CEO at the London Metal Exchange; Marieke Franssen, Managing Director of Natixis Corporate & Investment Banking and William Tully, Head of Business Development at Brown Brothers Harriman Commodities & Logistics.

Read the full transcript here. What does it take to start a new city, especially one designed to be a special economic zone (SEZ)? What are the advantages and disadvantages to having a private company as manager of a city? Should governments be profit-maximizing? Can people choose to live in one of the Zonas de Empleo y Desarrollo Económico (ZEDE) cities in Honduras while also opting out of its specific government services? What are some legitimate reasons governments should regulate businesses? Are medicines produced in SEZs safe? How do ZEDE investors make money? To what extent can (or should) a SEZ's laws override state and federal laws? What do the ZEDEs in Honduras look like right now? How many people live in them? Why has there been pushback against them? Are SEZs considered "political" projects? Can a SEZ take land from private owners? Is anyone allowed to move into a SEZ?Erick Brimen is a finance professional, team leader, and serial entrepreneur who is passionate about investing in life-enhancing opportunities that further human flourishing. He has led Honduras Próspera Inc.'s ongoing development of the Próspera ZEDE free zone in Honduras, raising nearly $110 million to advance his vision of eliminating poverty through delivering free market governance as a service. Erick started his career in private banking, working at Brown Brothers Harriman & Co. He later moved to investment banking as a mergers and acquisition sell-side advisor for AG Edwards & Sons (now Wells Fargo). After investment banking, Erick joined Ernst & Young's London consulting practice, where he advised buy-side private equity clients as they considered acquisition targets. Soon after, he was recruited by the Borealis Group to join as CFO of Latin American operations, leading the creation of multiple business units. When the time was right, Erick started his entrepreneurial career in the world of financial intermediation as a founder of ComparaMejor.com. In late 2013, Erick sold another of his tech companies to start NeWay Capital. NeWay Capital LLC is globally-focused and seeks to identify free zone opportunities with partner host countries throughout the world. As Chairman and CEO of NeWay Capital LLC's affiliate Honduras Próspera Inc., Erick is focused on replicating the success of Dubai, Hong Kong, and Singapore in a Honduran free zone located primarily on the beautiful island of Roatán. He has three young children with his wife, Colleen Brimen. He was born Venezuelan and is a U.S. Citizen by choice. Learn more about him at his website, erickbrimen.com. StaffSpencer Greenberg — Host / DirectorJosh Castle — ProducerRyan Kessler — Audio EngineerUri Bram — FactotumWeAmplify — TranscriptionistsMusicBroke for FreeJosh WoodwardLee RosevereQuiet Music for Tiny Robotswowamusiczapsplat.comAffiliatesClearer ThinkingGuidedTrackMind EasePositlyUpLift[Read more]

"You can' have a choice if you don't have opportunities." Are you interested in the 3 tasks governance should do? What do you think about service-based governments? How can we create good governance and governments? Interview with Erick Brimen, CEO of Honduras Próspera and NeWay Capital. We talk about his vision for the future of cities, choices and options, the role of government, political, and many more. So, let's start with a proper introduction. Erick Brimen is the CEO of NeWay Capital, LLC, and Honduras Próspera Inc., dedicated to fostering human flourishing through strategic investments. As a seasoned finance expert and entrepreneur, Erick has raised nearly $110 million for Honduras Próspera Inc., driving the development of the Próspera ZEDE free zone in Honduras. His goal is to tackle poverty by delivering free-market governance as a service. Beginning his career in private and investment banking, Erick has advised on over $1.2 billion in transactions at Brown Brothers Harriman & Co. and AG Edwards & Sons. He later joined Ernst & Young in London, consulting on acquisitions for private equity clients, before becoming CFO of Latin American operations for Borealis Group. Erick then founded ComparaMejor.com, Colombia's leading online insurance brokerage, and established NeWay Capital, which partners with countries globally to create free zones. Originally from Venezuela, Erick now resides in the U.S. with his wife and three children. Find out more about Erick through these links: Erick A. Brimen on LinkedIn @erickbrimen as Erick A. Brimen on X Erick A. Brimen website Honduras Prospera on LinkedIn Honduras Prospera website @ProsperaGlobal as Honduras Prospera on X @prosperahn as Honduras Prospera on Instagram NeWay Capital on LinkedIn NeWay Capital website Connected episodes you might be interested in: No.274 - Interview with Richard Gill about change management No.296 - Interview with Sally Capp about goverments' role from the goverments' perspective No.298 - Interview with Carina Gormley about the need for failure in goverments What wast the most interesting part for you? What questions did arise for you? Let me know on Twitter ⁠⁠⁠⁠⁠⁠⁠⁠⁠@WTF4Cities⁠⁠⁠⁠⁠⁠⁠⁠⁠ or on the ⁠⁠⁠⁠⁠⁠⁠⁠⁠wtf4cities.com⁠⁠⁠⁠⁠⁠⁠⁠⁠ website where the ⁠⁠⁠⁠⁠⁠⁠⁠⁠shownotes⁠⁠⁠⁠⁠⁠⁠⁠⁠ are also available. I hope this was an interesting episode for you and thanks for tuning in. Music by ⁠⁠⁠⁠⁠⁠⁠⁠⁠Lesfm ⁠⁠⁠⁠⁠⁠⁠⁠⁠from ⁠⁠⁠⁠⁠⁠⁠⁠⁠Pixabay⁠

The new Boston Chapter Leads, Chelsea Grossman, Head of US Asset Owner Client Management at State Street Corporation; Bridget McGill, Head of Securities Lending Trading at Invesco; and Meredith Roderick, Head of US Securities Lending Relationship Management at Brown Brothers Harriman, join former Chapter Leads Betsy Coyne, Christel Carroll, and Marney McCabe to tell their unique origin stories of how they found their way into securities finance, their current roles, and share their exciting plans for the Boston Chapter. Continuation of "Our Stories" mini podcast series.

May you live in interesting times - as the proverb goes. Will those times continue? On October 16th, at the Yale Club in New York City, we held our latest Live Event hosted by ITFA with additional sponsorship from Brown Brothers Harriman, Goba Capital and HC Group. The commodities sector has seen unprecedented volatility. What has that meant for the sector's ecosystem? How has it shaped the opportunities and risks? Is the volatility structural or ephemeral? A group of leaders from across the sector  joined our panel to discuss in front of an audience of 150 industry participants. Rob Walsh, CEO of IMI,  William Tully,Head of Business Development, BBH Commodities & Logistics, Sunil George, Head of Client Financing Solutions for the Americas at Louis Dreyfus Company, Todd Lynady, Regional Head of Financial Solutions @ WTW  and Alexandre Lacreu Chief Underwriting Officer, Coface North America moderated by podcast host Paul Chapman.

China's recent monetary and fiscal stimulus announcements may bring near-term cyclical relief and add to the bullish case for yuan-proxy currencies like the Australian dollar and may help to contain euro downside amid underwhelming domestic news flow. Yet a longer-term, structural boost is debatable. Host Audrey Childe-Freeman, Bloomberg Intelligence's chief G-10 FX Strategist, talks to Dr Win Thin, Brown Brothers Harriman's global head of market strategy, about how the recent measures from China could shape the dollar outlook later this year and into 2025. Win and Audrey also touch on how China could affect the euro as Europe's economic news flow disappoints, plus the US economic outlook and how the US presidential election might drive the dollar view.

Bienvenidos a un directo desde Youtube dentro del podcast Buscadores de la verdad. Esta vez tenemos a unos invitados muy especiales para hablar sobre dos temas bastante controvertidos. El extraño caso del descuartizador de Tailandia, Daniel Sancho. Y sobre la escalada bélica en oriente medio, la guerra de Ucrania y sobre todo las amenazas de guerra nuclear entre los Estados Unidos y Rusia. Sobre el caso de Daniel Sancho he escrito dos de los tres artículos, DANIEL SANCHO. MUERTE Y RESURRECCIÓN DE OSIRIS EN TRES ACTOS y DANIEL SANCHO Y LA RESURRECCIÓN TRAS LA PASCUA. En el primero de ellos explicaba el enorme parecido entre el rito del desmembramiento de Osiris en 14 partes y este macabro asesinato: «El mito de Osiris es el relato más elaborado e influyente de la antigua mitología egipcia. Trata sobre el asesinato del dios Osiris, un mítico rey de Egipto primitivo, y sus consecuencias. El que asesinó y partió en 14 trozos a Osiris fue su hermano Seth, quien usurpó su trono. Después, la esposa de Osiris, Isis, recuperó y restauró el cuerpo de su esposo y concibió póstumamente un hijo con él. El resto del relato se enfoca en Horus, el producto de la unión de Isis y Osiris; quien al comienzo era un niño vulnerable protegido por su madre y después se convierte en el rival de Seth por el trono.» También veíamos muchas equis en todo este tema y como en la mitología comparada Osiris es asimilado con Dioniso, Baco e incluso con Jesucristo. Y esto lo detallo en mi segundo artículo donde les hablo que el juicio se llevo a cabo en plena Pascua. Como si se tratase del juego de la Oca pero esta vez con pascuas, tenemos la coincidencia de que la Pascua Judía o Pésaj coincide con el periodo del juicio. Unos días antes del juicio, el 8 de abril de 2024, se produjo uno de los eclipses destacados en USA que junto con el del 21 de agosto de 2017 forman una gran X. Para terminar de rematar el ritual tenemos que la sentencia se produjo el dia 28 de Agosto y se leyó el dia 29. El dia 28 de Agosto se celebra la fiesta de la tomatina en Buñol, una fiesta donde el pueblo se tira tomates quedando todo teñido de rojo. El dia 29 coincidiendo con la lectura de la condena a cadena perpetua de Daniel Sancho el busto de Sancho Gracia en el balneario de Mondariz aparece cubierto de pintura roja. El ritual sacrificial se ha producido. Recordar que en esas fechas se hizo viral un absurdo ritual de pasear una piña en los supermercados Mercadona. Ese dia 28 también se hizo medio viral la llamada Tragedia en San Tirso de Abres donde dos personas fallecieron al caerse su vehículo al río. Todo está relacionado. “Un tirso es un bastón de cañaheja que está todo él forrado de vid o de hiedra y a veces de lazos. Está rematado por una piña de pino. Se trata de un símbolo fálico que representa esa fuerza vital que se asocia por lo general con el dios griego Dioniso (en el panteón romano, Baco). El tirso se relaciona también con la vara mágica de los conjuros y con los símbolos axiales.” Solo falta el desenlace final…pero no adelantemos acontecimientos. En cuanto al tema de la supuesta guerra nuclear les leeré las declaraciones de Vladimir Putin que agito la amenaza de guerra nuclear en marzo de este año en una extensa entrevista con la televisión estatal Rossiya-1 y la agencia oficial RIA Novosti. Como sabemos, Putin, salió reelegido con una amplia mayoría. “El periodista le pregunta: Estamos listos para la guerra nuclear. Putin responde: Desde el punto de vista tecnológico, sí, estamos listos. Están siempre listos para la guerra, están constantemente en estado de alerta. Nuestra triada nuclear es más moderna que cualquier otra triada. Y solo esas triadas las tenemos nosotros y los americanos. Ellos desarrollan sus propios componentes, nosotros también. Pero eso no significa, en mi opinión, que están listos para desarrollar esta guerra nuclear mañana. Si asi lo quieren ¿Qué hacemos? Quieren, pero por qué hacer eso Anunciaron que no se van a unir los ejércitos ucranianos. Sabemos que los ejércitos estadounidenses en el territorio ruso serian intervencionistas. Así es como los vamos a tratar si aparecen en el territorio ucraniano. Ellos lo entienden. No creo que aqui todo se precipite y vayan tan de cabeza. Pero estamos preparados para ello. Lo he dicho muchas veces para nosotros es cuestión de vida y muerte, y para ellos es una cuestión de mejorar su posición táctica en general en el mundo, pero también en Europa, en particular manteniendo su estatus, entre sus aliados. Esto también es importante, pero no tan importante como para nosotros. ¿Por qué necesitaríamos usar armas de destrucción masiva? Nunca hubo tal necesidad de usarlas. Periodista le pregunta: ¿Es decir, que nunca se le ha cruzado este pensamiento? Responde Putin: No ¿Para qué? Bueno, las armas existen para ser usadas. Tenemos nuestros propios principios, ¿qué significan? Que estamos dispuestos a usar armas, incluidas todas las armas, si hablamos de la existencia del Estado ruso, de dañar nuestra soberanía e independencia. La República Democrática Coreana tiene su propio paraguas nuclear. No nos han pedido nada. Ucrania no logró ninguno de los objetivos que se propusieron el año pasado. Además, ahora la iniciativa se ha convertido en nuestras Fuerzas Armadas. Nos han prometido muchas cosas. Por lo que las promesas por si solas, no son suficientes aqui. Ahora están negociando solo porque no tienen más municiones, es algo ridículo para nosotros. Sin embargo, estamos listos para una conversación seria y queremos resolver todos los conflictos, especialmente este conflicto por medios pacíficos. Pero debemos entender claramente que esta no es una pausa que el enemigo quiere tomar para rearmar, sino que es una conversación con garantías de seguridad de la Federación Rusa.” En marzo de este año aparecieron sendos videos donde veíamos caer las bombas nucleares en Rusia al ritmo de la canción Voyage, Voyage…y otro donde se veía la destrucción de varias ciudades de USA, Nueva York y San Francisco desaparecían del mapa. Curiosamente tocaban votaciones en Rusia…y otra vez han vuelto a aparecer nuevos vídeos antes de las votaciones en los Estados Unidos mostrando lo que pasaría en caso de una guerra nuclear entre las dos potencias militares más potentes, si dejamos al gigante chino descansando, claro. Gigante chino que está aprovechando para venderle pólvora y otros recursos a Rusia esperando su momento para actuar en Taiwán. Recordemos que la guerra entre Israel y los palestinos no es noticia mientras se producen bombardeos masivos de población civil, campamentos de refugiados arrasados y miles de niños siendo masacrados mientras si es noticia viral como los israelíes destruyen los buscas y otros aparatos electrónicos de grupos militares como Hezbolá. Los que peinamos canas recordamos la larguísima guerra fría entre estos dos países. También recuerdo las risotadas que se hecho a mi costa el señor Trevijano al preguntar yo si no se estaría volviendo otra vez a dichas posiciones. Bueno, pues yo tenía razón. Este jueves 19 de septiembre se voto el documento: Continuación del apoyo financiero y militar de los Estados miembros de la Unión a Ucrania. ¿Saben qué han votado los eurodiputados españoles en el tema de apoyar el uso de armas occidentales de largo alcance en territorio ruso? Pues 37 votaron a favor, 9 en contra, 8 se abstuvieron y 5 no aparecieron por allí ese dia. Casi un 69% esta de acuerdo en eliminar las restricciones para atacar con cohetes de largo alcance a Rusia. Este tanto por ciento coincide con lo votado por toda la Eurocamara. Les dejaremos un enlace donde podrán conocer sus nombres. Luego repasaremos los puntos más importantes de esta votación y les dejare el enlace al pdf oficial de la eurocamara en la descripción del podcast en Ivoox. Y ahora si, voy a presentarles a nuestros invitados Eugenio Carrión más conocido en las redes como Michael Boor, colaborador habitual de Aqui la voz de Europa aunque el es totalmente independiente y tiene sus propios canales en Youtube e Ivoox, los cuales también les dejaremos en la descripción del podcast. Y Andrew Jackson, al cual consideramos de la familia de Buscadores de la Verdad y que el mismo se define como soberano en el Imperio Universal. ………………………………………………………………………………………. Los líderes del mundo libre hablando de guerra. La gente aplaudiendo o pasando del tema. ¿Nos hemos vuelto todos locos? Os voy a leer algunos titulares de los principales medios españoles y extranjeros. Os dejaré en la descripción del podcast todos estos enlaces y luego me contáis vuestra opinión: La Comisión Europea insta a reforzar la economía de guerra: "El riesgo de guerra no es inminente, pero no es imposible" Los avisos de la Unión Europea alertando de una posible guerra y la importancia del resultado de las elecciones del 9J Macron: una guerra “no es una ficción, no está lejos” Cinco años para la gran guerra contra Rusia Un jefe militar de Reino Unido advierte a los ciudadanos sobre una posible guerra masiva con Rusia La OTAN insta a Occidente a prepararse para cualquier escenario, incluida la guerra con Rusia Alemania insiste en la vuelta a la mili para preparar la guerra Acercándonos al abismo de la guerra ………………………………………………………………………………………. Un forero decía en Burbuja punto info: - El que ha puesto mas votos en contra (y el único que no ha aportado ningún voto a favor) de estamparnos en una guerra fratricida ha sido Patriots for Europe, el grupo de los patriotas europeos encabezado por el Fidetzs de Orban, y al que recientemente se han incorporado Vox y el RN francés. - También ha votado ampliamente en contra el grupo que defiende la soberanía de las naciones europeas Europe of sovereign Nations (también patriotas), encabezado por el AfD alemán. - Otros que han votado principalmente en contra (aunque en este grupo han estado mas repartidos entre las tres opciones, incluyendo votos a favor y abstenciones) es La Izquierda, The Left in the European Parliament Y por último el grupo de los no adscritos, Non-attached members, eurodiputados independientes que no tienen una tendencia política compartida (aquí está Alvise), han votado casi todos en contra. Estos son algunos puntos clave de la resolución del Parlamento Europeo sobre la guerra de agresión de Rusia contra Ucrania Costos de reconstrucción: Un informe conjunto del Gobierno de Ucrania, el Banco Mundial, la Comisión Europea y la ONU estima que, para el 31 de diciembre de 2023, el costo total de la reconstrucción y recuperación de Ucrania ascenderá a 486.000 millones de USD, una cifra que ha aumentado desde los 411.000 millones estimados el año anterior. Apoyo financiero de la UE a Ucrania: La Unión Europea y sus Estados miembros han aportado más de 100.000 millones de euros en asistencia financiera, humanitaria, militar y para refugiados a Ucrania. En 2024, se creó el Mecanismo para Ucrania, que proporcionará hasta 50.000 millones de euros en apoyo financiero hasta 2027. El primer pago de este mecanismo, de 4.200 millones de euros, se realizó en julio de 2024. Apoyo militar a Rusia: Rusia ha aumentado su gasto militar y ha recibido apoyo de países como Bielorrusia, Irán, Corea del Norte, y posiblemente China. Irán ha suministrado misiles balísticos de corto alcance a Rusia, lo que ha llevado a sanciones adicionales por parte de Francia, Alemania y el Reino Unido. Apoyo militar de la OTAN y la UE a Ucrania: La UE, sus Estados miembros y aliados de la OTAN siguen brindando apoyo militar a Ucrania, conforme al artículo 51 de la Carta de la ONU. La UE ha entrenado a unos 60.000 soldados ucranianos a través de la Misión de Asistencia Militar. La OTAN contribuirá con 40.000 millones de euros anuales a Ucrania. Levantamiento de restricciones al uso de armamento: Se insta a los Estados miembros a eliminar las restricciones sobre el uso de armas occidentales proporcionadas a Ucrania, permitiendo a Ucrania ejercer plenamente su derecho a la legítima defensa. Suministro urgente de armas y municiones: Se lamenta la reducción de la ayuda militar a Ucrania y se pide a los Estados miembros cumplir con su compromiso de suministrar municiones y sistemas de defensa aérea, destacando la necesidad de entregar misiles Taurus y cumplir con el compromiso de brindar al menos el 0,25% del PIB anual en apoyo militar. ………………………………………………………………………………………. La guerra es un latrocinio o La guerra es una estafa (originalmente en inglés: War is a racket) es una obra escrita por el general Smedley Butler. Después de retirarse del Cuerpo de Marines, en 1935, escribió el discurso en el que denuncia el uso de las fuerzas armadas de los Estados Unidos para la ganancia de Wall Street. “He servido durante 30 años y cuatro meses en las unidades más combativas de las fuerzas armadas estadounidenses: en la infantería de marina. Tengo el sentimiento de haber actuado durante todo ese tiempo de bandido altamente calificado al servicio de los grandes negocios del Wall Street y sus banqueros. En una palabra, he sido un pandillero al servicio del capitalismo. De tal manera, en 1914 afirmé la seguridad de los intereses petroleros en México, Tampico en particular. Contribuí a transformar a Cuba en un país donde la gente del National City Bank podía burlar tranquilamente los beneficios. Participé en la "limpieza" de Nicaragua, de 1902 a 1912, por cuenta de la firma bancaria internacional Brown Brothers Harriman. En 1916, por cuenta de los grandes azucareros norteamericanos, aporté a la República Dominicana la "civilización". En 1923 "enderecé" los asuntos en Honduras en interés de las compañías fruteras norteamericanas. En 1927, en China, afiancé los intereses de la Standard Oil. Fui premiado con honores, medallas y ascensos. Pero cuando miro hacia atrás, considero que podría haber dado algunas sugerencias a Al Capone. Él, como gánster, operó en tres distritos de una ciudad. Yo, como marine, actué en tres continentes. El problema es que cuando el dólar estadounidense gana apenas el seis por ciento, aquí se ponen impacientes y van al extranjero para ganarse el ciento por ciento. La bandera sigue al dólar y los soldados siguen a la bandera.” Termino con unas palabras de la forera Angelika: “Todos somos conscientes que nos hayamos en medio de una guerra híbrida (cuyos ataques lo abarcan todo, en todos los aspectos) dentro de esta guerra hibrida me voy a centrar en la guerra psicológica y de desinformación. Empezaré con una cita que a algunos les sonará, a otros no, pero a todos nos vendrá bien: "Construid vuestra casa sobre roca". Es decir: tened unos pilares morales fuertes y que vuestro fundamento ideológico y vuestros principios sean totalmente sólidos, porque la TV y los medios están jugando al despiste, a poner trampas para luego acusarnos de promover "bulos", cerrar cuentas y censurar todo internet. No hay ni una sola noticia que no tenga como objetivo doblegar mentes, manipular, aterrorizar y hacerte sentir desamparado y solo ante todo el wokismo. El objetivo a destruir es la raza blanca, el cristianismo, la soberanía de las Naciones y la familia tradicional. El objetivo eres tú; tú molestas y debes de ser exterminado, pero para eso tienen que conseguir que seas débil, enfermizo, que tu moral este por los suelos, que te sientas derrotado antes si quiera de pelear por nada. Y ahí es donde entra la guerra psicológica, la propaganda "neobolchevique" de las falsas mayorías (a las que se les da voz y "bombo" mientras a los nuestros se les silencia) la guerra de desinformación, mediante la cual ya no sabrás ni a quien creer, ni a quien seguir, que es verdad o mentira… ¿Cómo combatirlo? Recordad: la batalla empieza en vuestras mentes y vuestros corazones, por sus actos los conoceréis; construid sobre roca; sed inocentes como palomas pero astutos como serpientes; mantened vuestra armadura moral ceñida. Y sobre todo: aprended a detectar su retórica, su forma de actuar y su falsa disidencia.” Sean felices, cuiden de sus familias y sobre todo no tengan miedo. ………………………………………………………………………………………. Este es un resumen de los puntos clave de la resolución del Parlamento Europeo sobre la guerra de agresión de Rusia contra Ucrania: Invasión de Ucrania: Rusia ha llevado a cabo una guerra de agresión ilegal contra Ucrania desde el 24 de febrero de 2022, continuando con las agresiones iniciadas en 2014, como la anexión de Crimea y la ocupación de partes de Donetsk y Luhansk. Esto viola la Carta de la ONU y el Derecho internacional humanitario. Reacciones de la ONU: La Asamblea General de la ONU condenó la invasión rusa como un acto de agresión (marzo de 2022) y enfatizó la necesidad de responsabilizar a Rusia por sus acciones, incluidas las reparaciones por los daños causados (noviembre de 2022). Responsabilidad penal: La Corte Penal Internacional emitió órdenes de detención contra funcionarios rusos por crímenes de guerra, como el ataque a bienes civiles y la deportación ilegal de civiles, incluidos niños, de Ucrania a Rusia. Sin embargo, Mongolia no ejecutó la orden contra Putin en septiembre de 2024. Determinación ucraniana: A pesar de las grandes pérdidas humanas, Ucrania ha resistido con éxito la invasión rusa. Las fuerzas rusas han cometido crímenes de guerra, incluidos ataques indiscriminados contra civiles, deportaciones forzadas, torturas y ejecuciones. Estos actos incluyen violencia sexual utilizada como arma de guerra. Campaña aérea intensificada: Desde agosto de 2024, Rusia ha intensificado su campaña de bombardeos, atacando ciudades como Járkiv, Kiev y Leópolis, lo que ha causado muchas muertes y la destrucción de hasta el 80% de la infraestructura energética de Ucrania, lo que podría desencadenar una crisis humanitaria grave durante el invierno. Ataque a la seguridad alimentaria: El presidente ucraniano, Volodímir Zelenski, denunció que el 12 de septiembre de 2024 un misil ruso impactó en un buque granelero que transportaba trigo a Egipto por el mar Negro, lo que afecta gravemente la seguridad alimentaria global. Además, los ataques rusos con drones y misiles están violando cada vez más el espacio aéreo de la Unión Europea y la OTAN, poniendo en riesgo a los ciudadanos de las regiones orientales. Crisis humanitaria en Ucrania: La situación humanitaria en Ucrania es cada vez más crítica, especialmente cerca de las líneas de frente. Naciones Unidas estima que más de 14,6 millones de ucranianos necesitarán ayuda humanitaria en 2024. Los ataques rusos a infraestructuras esenciales han dejado a decenas de miles de personas sin servicios vitales. Además, el aumento de las hostilidades en Járkiv en mayo de 2024 ha provocado el mayor desplazamiento en el país desde 2023, y las agencias humanitarias enfrentan dificultades por falta de financiación. Impacto en la salud y las mujeres: La destrucción de infraestructuras está teniendo consecuencias desastrosas para la salud, especialmente afectando a las mujeres, quienes a menudo desempeñan tareas de cuidado, enfermería y atención médica. Suspensión de ayudas a refugiados en Hungría: El gobierno húngaro emitió un decreto que infringe la Directiva de protección temporal, suspendiendo las ayudas estatales para el alojamiento de refugiados ucranianos, dejando a muchos, en su mayoría mujeres y niños, sin refugio. Costos de reconstrucción: Un informe conjunto del Gobierno de Ucrania, el Banco Mundial, la Comisión Europea y la ONU estima que, para el 31 de diciembre de 2023, el costo total de la reconstrucción y recuperación de Ucrania ascenderá a 486.000 millones de USD, una cifra que ha aumentado desde los 411.000 millones estimados el año anterior. Apoyo financiero de la UE a Ucrania: La Unión Europea y sus Estados miembros han aportado más de 100.000 millones de euros en asistencia financiera, humanitaria, militar y para refugiados a Ucrania. En 2024, se creó el Mecanismo para Ucrania, que proporcionará hasta 50.000 millones de euros en apoyo financiero hasta 2027. El primer pago de este mecanismo, de 4.200 millones de euros, se realizó en julio de 2024. Apoyo militar a Rusia: Rusia ha aumentado su gasto militar y ha recibido apoyo de países como Bielorrusia, Irán, Corea del Norte, y posiblemente China. Irán ha suministrado misiles balísticos de corto alcance a Rusia, lo que ha llevado a sanciones adicionales por parte de Francia, Alemania y el Reino Unido. Apoyo militar de la OTAN y la UE a Ucrania: La UE, sus Estados miembros y aliados de la OTAN siguen brindando apoyo militar a Ucrania, conforme al artículo 51 de la Carta de la ONU. La UE ha entrenado a unos 60.000 soldados ucranianos a través de la Misión de Asistencia Militar. La OTAN contribuirá con 40.000 millones de euros anuales a Ucrania. Insuficiencia de la asistencia militar: A pesar de los esfuerzos, la asistencia militar a Ucrania sigue siendo insuficiente tanto en cantidad como en calidad. Además, algunos Estados miembros han anunciado reducciones en su apoyo militar para 2025. La UE ha decidido utilizar los beneficios de los activos congelados del Banco Central de Rusia para apoyar militarmente a Ucrania, aunque aún no se ha establecido un marco jurídico adecuado para gestionar estos activos. Bloqueo de ayudas por Hungría: Hungría está bloqueando el nuevo Fondo de Ayuda a Ucrania de 5.000 millones de euros y el octavo tramo de reembolsos a los Estados miembros por el suministro de ayuda militar a Ucrania a través del Fondo Europeo de Apoyo a la Paz. Sanciones y contradicciones: La UE ha adoptado catorce paquetes de sanciones contra Rusia desde febrero de 2022, con el objetivo de debilitar su capacidad bélica. Sin embargo, los Estados miembros siguen comprando combustibles fósiles y uranio a Rusia, lo que ha generado ingresos superiores a 200.000 millones de euros para Rusia desde el inicio de la guerra. También hay preocupaciones sobre la posibilidad de que el gas ruso se esté reetiquetando como gas azerbaiyano para el mercado europeo, lo que socava los esfuerzos por reducir la dependencia de los combustibles rusos. Flota petrolera de Rusia: Una flota de petroleros rusos, no asegurados y peligrosos para el medio ambiente, continúa operando en el mar Báltico, eludiendo el régimen de sanciones internacionales. Condena a Rusia y Bielorrusia: Se condena enérgicamente la guerra de Rusia contra Ucrania y la participación de Bielorrusia. Se exige a Rusia que retire todas sus fuerzas militares y compense a Ucrania por los daños causados a su población, tierra, infraestructuras y medio ambiente. Apoyo total a Ucrania: El Parlamento reafirma su total apoyo a la soberanía e integridad territorial de Ucrania, subrayando que la guerra de Rusia es una violación grave de la Carta de la ONU y el derecho internacional. Se apoya la asistencia militar, humanitaria y económica a Ucrania hasta que se logre una paz justa y duradera, basada en los términos definidos por Ucrania. Apoyo internacional y paz: Se pide a la UE y sus Estados miembros que mantengan el apoyo internacional a Ucrania y trabajen por una solución pacífica basada en la soberanía ucraniana y la rendición de cuentas de Rusia por los crímenes de guerra. Además, se insta a apoyar la implementación de la "Fórmula de Paz" de Ucrania. Asistencia financiera para la reconstrucción: Se pide a la Comisión Europea que agilice la creación de instrumentos financieros a largo plazo para la reconstrucción de Ucrania, incluyendo la implementación del Mecanismo para Ucrania. Compensación de Rusia: Se insta a los Estados miembros a aumentar su financiación para Ucrania y no reducir sus contribuciones. Se apoya la decisión de destinar ingresos extraordinarios de activos rusos congelados al Fondo de Ayuda a Ucrania, así como la propuesta del G7 de ofrecer un préstamo garantizado por activos rusos inmovilizados. Aumento de la ayuda humanitaria: Se pide un aumento sustancial de la ayuda humanitaria de la UE para garantizar el apoyo a Ucrania en 2025 y en los próximos años, con una planificación a largo plazo y financiación adecuada. Derecho de legítima defensa de Ucrania: Se reafirma que Ucrania tiene el derecho de defenderse contra la agresión rusa, en virtud del artículo 51 de la Carta de la ONU. Se reconoce que la ayuda militar actual, aunque importante, es aún insuficiente para permitir que Ucrania recupere el control de todo su territorio reconocido internacionalmente. Levantamiento de restricciones al uso de armamento: Se insta a los Estados miembros a eliminar las restricciones sobre el uso de armas occidentales proporcionadas a Ucrania, permitiendo a Ucrania ejercer plenamente su derecho a la legítima defensa. Suministro urgente de armas y municiones: Se lamenta la reducción de la ayuda militar a Ucrania y se pide a los Estados miembros cumplir con su compromiso de suministrar municiones y sistemas de defensa aérea, destacando la necesidad de entregar misiles Taurus y cumplir con el compromiso de brindar al menos el 0,25% del PIB anual en apoyo militar. Cooperación en defensa aérea: Se subraya la importancia de intensificar la cooperación en defensa aérea entre los Estados miembros para garantizar la protección del espacio aéreo de la UE y la OTAN. Comunicación estratégica y participación ciudadana: Se pide a la Comisión que explique a los ciudadanos de la UE la importancia de la defensa de Ucrania para la estabilidad europea y se elogia la microfinanciación colectiva en algunos Estados miembros para apoyar el suministro de armas a Ucrania. Brújula Estratégica y cooperación militar europea: Se insta a acelerar la aplicación de la Brújula Estratégica para mejorar la cooperación militar europea y avanzar en la integración de Ucrania en las políticas de defensa y ciberseguridad de la UE, junto con el establecimiento de la Estrategia Industrial de Defensa Europea y la creación de producción militar en Ucrania. Refuerzo de las capacidades de defensa de Ucrania: Se elogia al Grupo de contacto sobre la defensa de Ucrania y se pide a los Estados miembros que aumenten sus contribuciones para reforzar las capacidades de defensa ucranianas. Presión sobre Hungría: Se insta a los Estados miembros a presionar a Hungría para que levante el bloqueo al Fondo Europeo de Apoyo a la Paz (FEAP) y el Fondo de Ayuda a Ucrania. Condena de la violencia sexual y de género: Se condena el uso de la violencia sexual como arma de guerra, considerándola un crimen de guerra. Se pide a los países de acogida que ofrezcan servicios de salud sexual y reproductiva, incluidos anticonceptivos y asistencia relacionada con el aborto. Deportaciones forzadas a Rusia: Se insta a la UE a intensificar los esfuerzos para abordar el problema de las personas deportadas a Rusia, incluidas sanciones contra los responsables del traslado forzoso de niños ucranianos. Retiro del decreto húngaro: Se pide al gobierno húngaro que retire el decreto que suspende las ayudas al alojamiento de refugiados ucranianos y que cumpla con sus obligaciones bajo la Directiva de Protección Temporal de la UE. Ampliación de sanciones contra Rusia, Bielorrusia e Irán: Se pide mantener y ampliar las sanciones contra Rusia, Bielorrusia y terceros países que suministren tecnología y equipo militar a Rusia. Se condena a Irán por transferir misiles balísticos a Rusia y se insta a ampliar sanciones contra Irán, Corea del Norte y entidades chinas que apoyen el sector militar ruso. Se subraya la importancia de evitar que componentes críticos de la UE lleguen a la industria militar rusa y se solicita un régimen de sanciones más robusto para evitar su elusión. Prohibición de importaciones de productos rusos: Se insta a la UE a prohibir la importación de combustibles fósiles rusos, así como de cereales, potasa, abonos, materias primas y productos como aluminio, uranio, titanio y madera. Se pide mayor control sobre el origen de los productos petrolíferos importados para evitar su reventa desde Rusia. Control del precio del petróleo ruso: Se pide al G7 aplicar de forma más estricta el límite de precios al petróleo ruso y a la UE controlar la "flota en la sombra" rusa, que además de violar sanciones, representa un riesgo ecológico. Embargo del gas natural licuado ruso: Se solicita un embargo total del gas natural licuado ruso y sanciones contra Gazprom. Además, se pide que los buques rusos que exporten este gas sean incluidos en las listas de sanciones, prohibiendo su acceso a puertos y servicios occidentales. Sanciones al sector nuclear ruso: Se pide sanciones específicas contra las violaciones de seguridad nuclear en la central de Zaporiyia y contra el sector nuclear ruso en general. Condena de los ataques híbridos rusos: Se condena a Rusia por ataques híbridos contra la UE y países candidatos, que buscan debilitar el apoyo a Ucrania a través de manipulación de la información y corrupción. Se pide a la UE contrarrestar proactivamente estas amenazas y reforzar la comunicación estratégica. Transmisión de la resolución: Se encarga a la presidenta del Parlamento Europeo transmitir la resolución a los órganos pertinentes, incluidas la Comisión Europea, el Consejo, el gobierno ucraniano y las Naciones Unidas. ………………………………………………………………………………………. Invitados: Eugenio Carrión más conocido en las redes como Michael Boor Canales de Youtube Michael Boor @michaelboor60 https://www.youtube.com/@michaelboor60 Michael Boor 4 @michaelboor4396 https://www.youtube.com/@michaelboor4396 Michael Jakim Boor @michaeljakimboor7469 https://www.youtube.com/channel/UCufbEfLQ1XjIQumhhfJM0zw Canal de Ivoox Michael Boor censurado https://www.ivoox.com/podcast-michael-boor-censurado_sq_f11328379_1.html …. Andrew Jackson @ichingiking Soy una curva cuántica de posibilidades. Lo que pienso, siento y hago en cada momento determina mi presente y mi futuro # Soberano en el Imperio Universal …. Dra Yane #JusticiaParaUTP @ayec98_2 Médico y Buscadora de la verdad. Con Dios siempre! No permito q me dividan c/izq -derecha, raza, religión ni nada de la Creación. https://youtu.be/TXEEZUYd4c0 …. UTP Ramón Valero @tecn_preocupado Un técnico Preocupado un FP2 IVOOX UTP http://cutt.ly/dzhhGrf BLOG http://cutt.ly/dzhh2LX Ayúdame desde mi Crowfunding aquí https://cutt.ly/W0DsPVq ………………………………………………………………………………………. Enlaces citados en el podcast: DANIEL SANCHO. MUERTE Y RESURRECCIÓN DE OSIRIS EN TRES ACTOS https://tecnicopreocupado.com/2023/08/09/daniel-sancho-muerte-y-resurreccion-de-osiris-en-tres-actos/ DANIEL SANCHO Y LA RESURRECCIÓN TRAS LA PASCUA https://tecnicopreocupado.com/2024/03/29/daniel-sancho-y-la-resurreccion-tras-la-pascua/ https://contrastado.com/artur-segarra-el-presunto-torturador-y-descuartizador-espanol-de-tailandia/ https://go.ivoox.com/rf/134081539 PUTIN dice estar LISTO para una GUERRA NUCLEAR y que sus ARMAS son más MODERNAS que las de EE.UU. | https://youtu.be/_e8xu4fVSDo?feature=shared Videos de Usa y Rusia muestras provocaciones de guerra nuclear https://foroconspiracion.com/threads/videos-de-usa-y-rusia-muestras-provocaciones-de-guerra-nuclear.245/ Resolución del Parlamento Europeo, de 19 de septiembre de 2024, sobre la continuación del apoyo financiero y militar de los Estados miembros de la Unión a Ucrania (2024/2799(RSP)) https://www.europarl.europa.eu/doceo/document/TA-10-2024-0012_ES.pdf ¿Qué han votado los eurodiputados españoles respecto al uso de armas occidentales de largo alcance en rusia? https://www.burbuja.info/inmobiliaria/temas/que-han-votado-los-eurodiputados-espanoles-respecto-al-uso-de-armas-occidentales-de-largo-alcance-en-rusia.2148328/ Intervención del presidente del Gobierno, Sanchez Castejon, en la Cumbre del Futuro, en la sede de la ONU en Nueva York. https://x.com/desdelamoncloa/status/1838291821069299738 La Pólvora China es el Arma que está definiendo la Guerra en Ucrania y el nuevo orden mundial https://x.com/elmercurioAON/status/1838695945090814190 Presidente ucraniano lleva a USA balas de cañón para ser firmadas por políticos de allí https://x.com/antiprogrecom/status/1838288776692486420 Subforo en burbuja titulado III Guerra Mundial https://www.burbuja.info/inmobiliaria/forums/guerra-mundial/ La Comisión Europea insta a refozar la economía de guerra: "El riesgo de guerra no es inminente, pero no es imposible" https://www.ondacero.es/noticias/mundo/comision-europea-insta-refozar-economia-guerra-riesgo-guerra-inminente-pero-imposible_2024022865df9797b7621f0001dc815a.html Los avisos de la Unión Europea alertando de una posible guerra y la importancia del resultado de las elecciones del 9J https://www.lasexta.com/programas/lasexta-clave/avisos-union-europea-alertando-posible-guerra-importancia-resultado-elecciones_2024060766635d386a0d130001d42477.html Macron: una guerra “no es una ficción, no está lejos” https://www.dw.com/es/macron-una-guerra-en-europa-occidental-no-es-una-ficci%C3%B3n-no-est%C3%A1-lejos/a-68528112 Cinco años para la gran guerra contra Rusia https://www.diario.red/articulo/internacional/cinco-anos-para-la-gran-guerra-contra-rusia/20240104050000023022.html Un jefe militar de Reino Unido advierte a los ciudadanos sobre una posible guerra masiva con Rusia https://es-us.noticias.yahoo.com/jefe-militar-reino-unido-advierte-095958080.html La OTAN insta a Occidente a prepararse para cualquier escenario, incluida la guerra con Rusia https://www.vozdeamerica.com/a/otan-insta-a-occidente-a-prepararse-para-cualquier-escenario-incluida-la-guerra-con-rusia-/7447066.html Alemania insiste en la vuelta a la mili para preparar la guerra https://www.huffingtonpost.es/global/alemania-insiste-vuelta-mili-preparar-guerra.html Acercándonos al abismo de la guerra https://globalter.com/acercandonos-al-abismo-de-la-guerra/ ………………………………………………………………………………………. Música utilizada en este podcast: Tema inicial Heros ………………………………………………………………………………………. Epílogo IVA ZANICCHI - LA ORILLA BLANCA, LA ORILLA NEGRA https://www.youtube.com/watch?v=x-NWFOrmTg8

In this episode of The Boulos Beat, host Greg Boulos speaks with Bob Gould, a retired partner of Brown Brothers Harriman, about his extensive leadership roles in both commercial and nonprofit sectors. Bob currently holds positions as Principal at Spinnaker Trust, Trustee and Investment Committee Chair of the Pinkerton Foundation, and Co-Chair of the Board of Squash Haven. The two discuss Bob's family's history in Maine, his involvement in the Black Point Inn acquisition, and his role in the Portland Museum of Art's Winslow Homer Studio purchase. Bob also shares insights on the growth of the Pinkerton Foundation, the importance of mentorship, and his views on Portland's development and the future of Spinnaker Trust.

Growing numbers of investors are turning to active ETFs. What's behind this boom, and what role can they play in portfolios? Ben Moshinsky is joined by Stefan Kuhn, Fidelity International's Head of ETF Distribution for Europe, Caroline Shaw, multi asset Portfolio Manager, and Andrew Craswell, Head of Client Relationship Management at Brown Brothers Harriman to discuss what makes an active ETF active, and how they're reshaping the investment landscape. With additional contributions from Portfolio Manager Ilia Chelomianski.See omnystudio.com/listener for privacy information.

Daniel P. Sheehan's career spans nearly 5 decades, beginning with his training in Harvard's College, Law School, and Divinity School. Early on, he co-founded Roxbury Summer and later played a pivotal role in the Pentagon Papers case, defending civil and 1st Amendment rights. Serving as General Counsel to the United States Jesuit Order's National Office of Social Ministry significantly shaped Sheehan's advocacy, blending legal expertise with ethical commitment. His legal prowess was further demonstrated in high-profile cases like Karen Silkwood's, which set a precedent in nuclear regulation, and the defense of Attica Prison inmates and New York Black Panther Party members, emphasizing his commitment to justice and civil rights.Sheehan's work extended into exploring extraterrestrial intelligence as Special Counsel for a Library of Congress inquiry initiated by President Jimmy Carter, culminating in a key seminar for NASA's Jet Propulsion Laboratory scientists. His expertise led to roles as General Counsel for The Disclosure Project and the Institute for Cooperation in Space, advocating against space-based weapons and for transparency regarding UFOs and extraterrestrial intelligence.Notably, Sheehan defended Dr. John Mack, a Harvard Medical School professor, securing his academic freedom to research alien abduction. Today, he leads the Romero Institute and the Lakota People's Law Project. He's the Director of the New Paradigm Institute, advocating through education, litigation and research for full disclosure of UFO/ET phenomenon that's been kept from Americans by congress and the military/intelligence/aerospace industry complex.Teaching at the University of California at Santa Cruz, Sheehan continues to influence legal, ethical, and extraterrestrial discourse.In this episode, Danny and Faust cover the UFO cover up, including:-What classified evidence of ETs, UFOs, and reverse-engineered craft is the government hiding?-Is the military-industrial complex covering up the weaponization of alien technology?-What did the recent whistleblower testimony before congress reveal about UFOs?-Did President Jimmy Carter get information about extraterrestrial activity & technology?-Why was Harvard Professor John Mack persecuted for researching UFOs & ETs?-How can the American people reclaim the United States from the national security state?-Did the creation of US corporations under law trigger the destruction of America?-What was Brown Brothers Harriman, and how is this shady institution related to the Bush family?-What was the Malmstrom AFB missile incident of 1967?-Did a newspaper photograph from Roswell prove that the Army knew the UFO was not a weather balloon?-Have US Congress members been shown evidence of UFOs & extraterrestrials?-Is there evidence that Project Blue Book proved the existence of ETs, UFOs & reverse engineered aircraft?-What has footage from former U.S. Army Counterintelligence Special Agent whistleblower Luis Elizondo revealed about the existence of UFOs?-What evidence has Christopher Mellon, a former deputy assistant secretary of Defense for Intelligence, revealed about reverse-engineered alien aircraft?…and much more. Stay tuned till the end, when Danny shares why it's so vitally important to immediately disclose all the information that the military-industrial complex has been hiding for far too long.Connect with Daniel SheehanWebsite: https://www.danielpsheehan.com/X: https://twitter.com/danielsheehan45YouTube: https://www.youtube.com/@DanielSheehanEsqFacebook: https://www.facebook.com/danielpetersheehanNew Paradigm InstituteWebsite: https://newparadigminstitute.org/Instagram: https://www.instagram.com/newparadigminstitute/Facebook: https://www.facebook.com/newparadigminst/YouTube: https://www.youtube.com/@NewParadigmInstituteX: ht

This is CC Pod - the Climate Capital Podcast. You are receiving this because you have subscribed to our Substack. If you'd like to manage your Climate Capital Substack subscription, click here. Disclaimer: For full disclosure, Enduring Planet is an investor in Dollaride, where our guest host Dimitry Gershenson works as co-founder and CEO of Enduring Planet. Additionally, Enduring Planet is one of Climate Capital's portfolio companies.CC Pod is not investment advice and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any investment decision.Don't miss an episode from Climate Capital!In today's exciting episode, join Dimitri Gershenson and guest Su Sanni, Co-Founder & CEO of Dollaride, a mobility company tackling climate challenges in underserved communities. Learn about their clean transit initiative and the quest for sustainable transportation solutions.Su, a graduate of Boston College, began his career in finance at Brown Brothers Harriman, but his entrepreneurial spirit led him to the tech world, where he honed his skills in sales and revenue generation at Meltwater Group.Dollaride is a mobility company that brings clean and accessible transportation to underserved communities. With Su's uncles' experience in the transportation industry and partnership with academic experts at NYU, Dollaride was created with the aim of providing a platform for small business owners to solve transportation challenges in their communities.The conversation further delved into how Dollaride integrates climate-friendly practices into its operations. Su explained how Dollaride is working to digitize the existing transportation ecosystem and transition to electric vehicles, thus cutting down carbon emissions and contributing to a healthier environment.However, the journey has not been without its challenges. Su shared a recent crisis where a key vendor filed for bankruptcy, disrupting their electrification plans. Despite the setback, he remains optimistic and is actively seeking alternatives.The episode concluded on a powerful note as Su shared some invaluable advice for fellow entrepreneurs. He emphasized the importance of building a strong team and creating a network of peers to navigate the emotional toll of entrepreneurship. He further encouraged founders to remain focused on their business execution, not getting swayed by industry headlines and external pressures.Visit dollaride.com to learn more! Get full access to Climate Capital at climatecap.substack.com/subscribe

Bloomberg Radio host Barry Ritholtz speaks to Andrew Slimmon, managing director at Morgan Stanley Investment Management. He is also the lead senior portfolio manager on all long equity strategies for the applied equity advisors team, as well as a member of the Morgan Stanley Wealth Management Global Investment Committee. He began his career at Morgan Stanley in 1991 as an adviser in private wealth management, and later served as chief investment officer of the Morgan Stanley Trust Co. Previously, he was an analyst and portfolio manager for Brown Brothers Harriman and a buy-side equity research analyst with ARCO Investment Management. See omnystudio.com/listener for privacy information.

Conflicting Data – but absolute certainty. What was in is out – a rotation at the start of the year. The 10-year Treasury tops 4% - for a moment – looking like a key resistance point. And our guest…Sam Burns of Mill Street Research. Sam Burns, CFA is the chief strategist at Mill Street Research – an independent research company specializing in proprietary institutional research tools for asset allocation, stock selection, and macro-economic indicators.  Burns has more than 20 years of experience as a market strategist providing US and global investment insights at Wall Street firms including Oppenheimer & Co., Brown Brothers Harriman, State Street Global Markets, and Ned Davis Research. Mill Street Research: Mill Street Research provides a suite of consistently updated research reports and data for institutional investors covering asset allocation, country allocation, sector, and industry selection, equity factor analysis, and a robust quantitative stock selection process. The firm publishes more than eight research pieces each month to update investors on the various models and provide commentary on the current market and economic trends. You can find Sam Burns & Mill Street Research at https://www.millstreetresearch.com/ and on Twitter at @MillStResearch. Check this out and find out more at: http://www.interactivebrokers.com/ Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - HERE Stocks mentioned in this episode: (SMH), (OIL), (MCHI), (FXI), (SPY)

VettaFi's Stacey Morris recaps the year in energy ETFs and offers an outlook for 2024.  Honeytree's Liz Simmie spotlights their recently launched U.S. Equity ETF (BEEZ) which focuses on “responsible growth”.  Brown Brothers Harriman's John Hooson discusses the potential pros...

Emerging market investors have found the Fed more macro-relevant than China, Russia or Israel in recent weeks, as equities are up, oil is down, spreads have tightened and the US dollar has declined since the war erupted in Gaza. In this month's EM Lens & Look-Through podcast, Win Thin, senior vice president and global head of foreign-exchange strategy at Brown Brothers Harriman, joins Bloomberg Intelligence's chief EM fixed-income strategist Damian Sassower to discuss his outlook on EM interest rates and foreign exchange. From the rise in US Treasury volatility to China's sluggish economic recovery, the opportunities and challenges facing emerging-market economies are also reviewed.

Seth Carpenter, Morgan Stanley Chief Global Economist, and Mark Cabana, Bank of America Head of US Rates Strategy, break down the US Treasury's refunding announcement. Dom Konstam, Mizuho Securities Head of Macro Strategy, previews the Federal Reserve's rate decision. Win Thin, Brown Brothers Harriman & Co. Global Head of Currency Strategy, expects Japanese yields to continue to rise after the BOJ's decision. Jennifer Flitton, Invesco Head of US Government Affairs, discusses the latest in Washington on US aid to Israel.Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance      FULL TRANSCRIPT:     This is the Bloomberg Surveillance Podcast. I'm Tom Keene, along with Jonathan Farrow and Lisa Abramowitz. Join us each day for insight from the best an economics, geopolitics, finance and investment. Subscribe to Bloomberg Surveillance on demand on Apple, Spotify and anywhere you get your podcasts, and always on Bloomberg dot Com, the Bloomberg Terminal, and the Bloomberg Business app. Where this seth Carpenter at, the chief global economist at Morgan Stanley. Is this just about in our start? Are we all John Williams this morning and we're readjusting? I clared it with me last week at a Bloomberg event. At two point zero percent is not two point six percent? I mean, are we really talking, as Mike aludes tou there about a new inflation regime? I think you want to separate out a couple of things. One is the new inflation regime, and there if you're comparing it to where we were from the financial crisis through COVID to say, yes, right, the FED was consistently missing it's inflation target to the downside. I call it a quarter percentage point. We're above, clearly above target now and over the next several years they want to bring it down, but I'm not sure they want to go back to the old days of you know, being below two percent on a regular basis. So if they're going to be averaging a little higher during expansions, call it a tenth or two above. You know, you're talking about twenty five to fifty basis points high inflation, so that's got to be there. I don't think we're talking about the difference between two percent inflation and three percent of I want to tell you on radio on television where we're heading here, what half are we have. We have Dark Carpenter with this on the broader economics of this moment. Ira Jersey schedule to join us just exquisite here on fixed income dynamics, and then we do even better. Mark Cabana is going to darken the door. Who's just expert on your world about you know, the different tranches of the auctions. I want to dig into what the implications are of this announcement sas and to me, I'm looking at the idea that they're really going to force the front end to a lot of the heavy lifting here. Does that pose a greater risk than people realize. So my view is no, the way I would think about it. There was a speculation that back and forth a little bit earlier, did the Treasury just react to the market. And I think you want to remember that the folks there at Treasury, Josh Frost, the assistant secretary, the career staff in debt management, they have a structure now, they have a framework for how to think about what to issue, and they're looking at what is the market saying about where the market wants to pay up and where the market's demanding a discount, and at the margin, they'll lean a little bit more to where the market wants the paper and lean a little bit away from the place where the market's pulling back. And we've seen over the past several months a big sell off in the long end. It showed up, you know, in models speak and the term premium, and they're paying attention to that. It's not that one week to the next, or one month to the next, or even one quar to the next, is it sustained. What we are seeing is very much a strong move on the long end in that thirty year yield plunging back below five percent. As we were talking about do you think I think that this indicates that really what we're seeing in yields is entirely a supply driven story more than anything in terms of an economic read on strength and inflation in the US. So no, it's so hard depending on any single thing. When I talk to our clients here in New York, in London, around the world who are trading in treasuries, there are a whole set of different narratives, one of which has been supplied. People have been worrying about the deficit, which is exactly why Secretary Yellen came out and said it's not the deficit. People are worrying about stronger growth. Q three GDP data was very strong, There's no two ways about it, and so that contributed to it. Other people are worrying about is there going to be a pullback from risk by global investors. Other people are looking at the back of Japan. We just had that meeting right where they effectively de facto got rid of yield crop control. So it's not just one single thing, it's everything coming together. So what's your compass at a time where we're expecting the FED to come out today too in varying shades of we have no idea and we will see just along with you, what is your guiding loadstar. So we're trying to figure out, along with the Fed, sort of what's going on with the economy. The strong Q three data and notwithstanding there are some signs of the economy slowing down. The last jobs report super strong, but if you look at the trend over the past eighteen month, clear downward trend. If you look at the GDP data, consumption spending holding in, but a lot of the strength was in inventories. Capex was not very strong at all, and so we are seeing that slowing. And so what we think is the Feds look in the same data we are. They're driving by feel a little bit and they're not going to hike today. We don't think they're going to hike in December because inflation just keeps undershooting their own forecast for where they thought inflation was going to be this year. What does the job dynamic look like with an ellen Zetner's sub one percent Q four GDP, Well, I think there This is where we want to keep in mind that there's so many swings from one quarter the next to some of the spending data. Like I said, the inventory, the numbers, that was never going to be the primary driver. So she starts giving you gloom on the job economy. Not at all. I will say that we have a Morgan Stanley Ellen and I and the rest of the team have been consistent from the beginning of this hiking cycle to say, the Fed's gonna hike, They're going to bring down inflation, but we are not going into recession. It is not doing gloom. Well, she's expert on the American consumer. What is Zenner when she gets fired up? You know she does. When Zender gets fired up about the American consumer, what is she saying? Lots of things, but in particular, one of the key risks that maybe people are overlooking for why there should be a slowdown in the fourth quarter is student loans. Right, there is a moratorium on student loans that's been lifted. We're starting to see that payback starting to happen, and that has to crimp consumer disposable incomes. That matters durable goods. Right. Interest rates are high, credit card rates are high. People financing cars and other things, it's just costing more and so they'll pull back on the spending. It just extraorded her. Seth Carpenter, thank you so much, really really appreciate it. With Morgan's stay, he writes piercing notes for Bank of America. There's no other way to put it. Out of US rates strategy, He's aged in the last ten minutes. Mark Cabana joins us this morning. So I'm like refunding, so what, I don't care. Everybody's in a ladder. It comes out, and to me it was sort of I don't you know, I really don't care. Jenny Allen said, we're gonna do short paper. Yeah, we're gonna do long paper. But we're the United States. Our listeners are viewers who are not sophisticated. Do they need to fear the fiscal system of America? No, you shouldn't fear the fiscal system because the US economy is still going to be very robust. There will be buyers for treasury paper. It's just a matter of at what level will they step in, And we've had a relative lack of buying recently, but that's meant that yields have had to adjust, and as they've adjusted, that should incentivize more investors to think about owning bonds and we do think that rates are going to keep rising or they're going to stay elevated. Really, until you see one of two things. Number One, until you see the macro data slow, we don't think that you've really seen that yet. Or two until you see d risking, until you see investors who think, you know what rates are kind of high, really yields almost a two and a half percent at the tenure point. That's a decent own and maybe I should think about de risking in my portfolio. This is such a valuable conversation. Then I got to get to what we see on balance sheets right now, mark to market and the rest of it in bonds. But let's stay on this theme right now of our new higher yield regime. How far out are you in the longer? I mean, if take any given yield, any given spread, is there a cabana one year, is it a cabana three years? How do you see the regime of longer? Well, we just think that rates are going to have to stay higher for longer. Not to reiterate the Fed mantra, but we really believe it because we've seen an economy that's been so resilient in the face of relatively elevated interest rates. And as long as that happens, that just is going to mean that the f it doesn't have to cut for a while. Now, when I think about longer, I personally think about five years plus. Oh wow, okay, my attention, just because you know, most investors who really focus on liquidity and liquidity management, they think generally two years, three years. But when I think about intermediate to long end, I think about five years plus. Okay, And I'm going to invent this phrase right now. I haven't seen it anywhere else. I want to copyright on this if you use it. Is it normal for longer? Is that really what we're talking about, is we're back to a normal rate regime. Well, it's certainly we're back to a regime that looks a lot more similar to the pre financial crisis than the post financial crisis. You've got a five year window on that. So what maturity do you buy? I'm in cash, I'm really comfortable at Bank of America. What maturre do you buy given a five year normal for longer view? Well, it really depends upon what your overall investment horizon is and where your preferences are. We think that if you're focused at the front end, you probably we want to be neutral to slightly overweight your benchmark. And if you're a more long term investor, we think that you at best want to be neutral right now, and you want to stay neutral until you see those signs of feedback that tell you that higher interest rates are finally slowing the economy, not just one data point here or there, but in the tier one stuff in labor more clearly an inflation. You want to stay neutral until you see those signs, or until you believe that there's a clearer and more definitive negative feedback from risk assets, which I don't think that we have really seen sufficiently yet. I love to bust Brian moynihan's chops because he, like no other CEO, quotes his research staff and I'll go blah blah blah about Bonzi and his own Cabana says, So let's get the report from Cabana that you would give to Brian moynihan right now. I got balance sheets, nationwide, mark to market I get, and I got everything else with massive bond losses, priced down, yield up. Should our listeners and viewers be afraid of this non marked market garbage on balance sheets. Well, I think you're talking about bank balance sheets, and we do appreciate that. Brian reads our research. He's a staunch supporter, and we really do appreciate that. We think that what banks are doing right now is that they are really prizing liquidity. They really want to hold as much liquidity as possible. They're choosing to hold cash, they're keeping reserves with the FED, and they're not buying bonds, they're not buying treasuries or mortgages, and they're prizing liquidity because they know that they need to meet their outflow needs. They know that their securities book is not particularly liquid because it's so low in value. You don't want to sell and realize the loss. We saw what happened with some of the regional band. So what do you do? This is the key thing. So what do you do if you're a bank? What do you do if your bank? If you've got all this out there and you don't want to sell, just like you said, but things can happen, things can change. How do you process that reality? If you're a bank, what you're doing right now as you're holding that is the game. That's why the Fed shrunk their balance sheet through QT by a trillion dollars, and you've seen bank cash holdings not move down very much at all. They are bidding up on the liability side of the balance sheet. They're issuing CDs, time deposits, etc. To take in more money because they're seeing retail outflows. And then they're holding cash and they're going to continue to do that until they see signs that the economy is turning, until they know that their loan growth is really slowed down and maybe negative on a year over year six month average or whatnot. And they're gonna wait until the economy slows more meaningfully to extend out the curve and buy those bonds. Right now, banks are not buying duration. They've been shrinking their treasury and agency holdings, and they're going to wait to add duration until they see definitive signs that the economy is turned. And so again, what banks are doing right now, it's holding out liquidity because that is the most valuable thing that they seem to believe that what does holding out liquidity mean for mere mortals that can't hold out liquidity? Small business? Torsten Slocke at Apollo talks about ten percent small business loans as well. I saw a thirty one percent charge card the other day. It wasn't Bank of America, of course, thirty one percent charge card interest rate the other day. What does the public do given price down, yield up banks saying I'm scared stiff, I got a whole cash. Look, it's a tough time to be a borrower. I think we know that, right. It's tough time to move, it's a tough time to buy a home, it's a tough time to be a business if you need a loan. And that's exactly what monetary policy is trying to do, right, It's trying to slow down activity by reducing demand for loans and borrowing. And so if you're a small business and you do need a loan, well you need to think about, Okay, what other liquidity sources do I have? Can I draw on any other type of liquidity? And then you've got to ask yourself do I really need to expand? Do I need to make that next investment? And you got to make sure that you can clear a much higher hurdle rate in order to justify those costs. That's how monetary policy works. It should slow down activity through the lending channel, and to some extent we're seeing that, but it hasn't happened, I think to the extent of the FED, like Mark Commander, thank you so much. With the Bank of America joining us now to begin strong on this day of a Federal Reserve meeting is Dominic Constem. He's head of macro strategy at Mosile Americas. For years literally iconic Credit Suite were thrilled that doctor Constem could join us today. Dominica, I give you the phrase super restrictive. Is Jerome Powell's FED combined with market action a super restrictive FED. Well, yeah, in the context of the sustainability of the US consumer, and if you like the overhang of debts refinancing in the corporate sector really beginning in twenty twenty five, you know, clearing the front end is super restrictive, and it's going to have to get first quite aggressively. As some stage that the issue is a timing, and you know that timing has been pushed out because the consumer who's got great balance sheet, has decided that even as they spent all their fiscal excess that they were given after COVID, they're deciding to leverage up even with interest rates as high as they are, but they can do that because of the balance sheet, So that kind of delays the impact of this super restrictiveness, which is kind of a bit of a conungrum for the Fed. So that's the price for longer, not higher for longer, but just longer. What is the cost did your own power of a longer strategy at these levels? Well, I think what's happened in the last couple of months really has been that the Fed has decided that, you know, because effectively they are super restrictive, they didn't want to keep on pushing up short rates, you know, don't not quickly go to six percent. So they've emphasized this idea that they're just going to hold at a high level for that much longer. But ironically that directly feeds into a sell off in the back end, the idea that what we call term premium, this risk premium that's short rates you end up being higher than the equivalent tenor of a longer dated treasury. That's term premium that gets priced into the market, which is why you've had this enormous sort of bare steepening going on with the tens going up to close to five percent thirties, nifiing the corter, et cetera. And in a way that that's not a bad thing if you want to slow the economy, but because that will undermine and is undermining risk assets, and it will help to tighten financial conditions overall. So that's the impact of what the Fed is doing. There is a risk though, that they run because you get people concerned about the as you mentioned earlier, the refinancing of the Treasury. You know, when they decide to issue longer dated debts that now it is coming in at much higher interest rates, and you start worrying about a vicious circle where if you can't reduce a debt so through spending cuts, well you've got another problem because your interest service costs are going up at the same time. And that's kind of get people worried about this idea that Treasury isn't going to be able to sustainably fund itself down the road, particularly when you get those sort of you know, bigger issues coming up, the structural issues coming up that will mean higher deficits. There's always been a sort of uncomfortable tension, especially now between the Treasury Department and the Federal Reserve, especially because the Treasury Department is helmed by the one and only Janet Yellen who used to head the FED. How much is a treasure you're going to try to game out the market and kind of give a helping hand to the Fed by not concentrating some of those debt sales in the longer end, sell tea bills and hold a pad and wait for things to normalize. Well, I mean, it's obviously a great question and issue. I mean, strictly speaking, I don't think Treasury really should gain things too much. You know, they're not really traders as such, and if they were, then you know, maybe God help us. I mean, the idea I think is is, you know, you do have rollover risk, so you know, no one really knows how quickly long term rates might might reverse, even if we go into some slowing you know, where is this sort of mutual rate It might you know, might be higher and maybe ten years trading around you know, five percent is the sort of new norm. So I think it wouldn't be appropriate for the Treasury to really try and game the markets or a near term and sort of second guests that short term rates are going to come crashing down and they'll be able to refinance themselves down the road by extending maturity later. So I think they'll they'll probably extend the duration. I think the estimates are kind of you know, you know, seem about right, this sort of one hundred and fourteen billion and putting it in coupons. And because of the announcement we had earlier in the week, they can cut bill supply bits. So that's our expectation and no gaining of it. Basically, a lot of people expect this to be a boring meeting, sibad or Jappa calling it a placeholder, Steven Linder saying, how many ways can you say we'll see? I mean, this is basically going to be a holding kind of pattern. And yet we see a dissonance growing where the market sees and escalating's chance of excelling, reaccelerating inflation. At the same time that the Feds kind of seeming to subtly agree with Janet Yella and saying that yields are going to go back down. Do you think they're going to bridge that gap today? Well, they could do. I mean they've always got the option to. I mean that there are a couple of interesting things going on. I mean, obviously this sell off in the long end is very interesting, and I think they can definitely address that in the conference call and basically say that's doing some of the work for them and be a bit more optimistic. They can also be actually, even though inflation has been a bit sticky on the very latest prints, they could be a bit more optimistic on that. We've done some background analysis on that, and the reason why inflation has been a bit stick is it's really been on the demand side, less on the supply side type thing. And I think that's encouraging because that's something a little bit more understandable and sort of indicative that, you know, the underlying trend lower is still in place for inflation, and obviously the global inflation picture has been looking a bit better, so I think they can basically, you know, I don't think it'll be an uninteresting meeting or press conference. It's just really a question of how far power wants to go down the road and try and sort of reassure markets. One interesting thing I always think is that you know, to what extent to the FED really anticipate or understand that their actions at the September meeting was going to lead to this sort of you know, near one hundred base on itseel off in the long end. I mean, it's been quite dramatic, And did they really expect that way? Yes, this is a question dominic and why this is outside your remit. But we've known each other for years, So I'm going to go from the macro of constant to commercial banking. Bernanky taught us at Princeton that financial structure and strength matters. I'm looking at the technical construct of the American banking system and I don't like what I see. Should the FED fold in what's happening to the banks right now? Should they today pay attention in their meetings to the weakness that we see in commercial banking equity prices? Absolutely? And I think the thing that so many people miss is they think that banks are kind of less important now than they were before because of alternative banking, you know, fintech, private equity, you know, other forms of leverage if you like, in the system that they people think seem to think, you know, credit is created elsewhere. Credit is that there's something called outside money, which is a central bank, and they start the credit creation process there's in something called inside money, which is the banking system, and they continue the credit creation process. And to be honest, that pretty much is where how credit is created. Money it can only be created by the FED and the banks to the bank multiplier. It cannot be created by private equity. They have to get their leverage from somewhere. And so I think you always have to go to the banking system, and you always have to focus on if the banks are kind of doing their job, even if the leverage overrule in the system is getting higher and higher, and the relatives of the banks, they're the ultimate ones who if they pull the plug, let alone the FED putting the plug, then the whole kind of system can start to implode. So I do think it's very important what's happening in the banks, and I think it's a big concern that obviously lending is slowing down. There is obviously regulation and there's some credit some cattle restrictions taking place, but that's all part of the cycle. And as long as the FED is there to pick up the pieces at the end of it, we're fine. But those pieces will need to be picked up. You sound like Alan Meltzer, the late Great Alan Meltzer, lender of letters. Who are dom I got thirty seconds? Are you concerned the massive shift from deposits to money market funds? Is that going to destabilize the system. Well, it's been a challenge, but to be fair, that TGA build up that the Treasury has done has actually come at the expense a lot of the money market funds and the repo there. So I think, you know, the Fed has actually managed this process relatively well with the help of the Treasury rebuilding TJA with all that bill issuance, so you know, you know, it's it's a relatively orderly process, but it's obviously something that you've got to keep watching. You don't want excess reserves to get too low in the banking system. Is that to Constant? Thank you so much, Dominic Constant with the Missouri Are they just a terrific brief Therey joining US doctor Wynn Thinn, global head of Currency Strategy around brothers Harriman win Thin. You were at the altar of Robert Mundel at Columbia who invented our international currency dynamics. Is there a theory to what Japan is doing? Are they making up original theory? Well, first of all, thanks, thanks, as always a pleasure to appear here with you guys. To me, it's an experiment, it's an ongoing experiment. You know, Japan has been fighting deflation for decades and they've thrown everything at the wall to see what sticks. The latest iteration was negative rates and he locor control and by hooker, by crooked, it's it's finally getting out of deflation. It's obviously the positive makers are very nervous there getting you know, starting these poses is the easy part. Getting out of them is always the hard part. We saw the FED struggle with getting out of q back after a great financial crisis. So what we've been seeing unfold over the last year is just a really haphazard so again throwing stuff at the wall to see what works. It's been again more out of fear and concern than anything else. They don't want to upset the opera card that the recovery is, by many measures, you know, quite modest and vulnerable, and so that's what we're seeing. I do think that that Japan will exit accommodations fully in early times, and by that I mean a ray hike. Why should our why should our viewers and listeners care in the Western world, it just seems to be removed and over there. For example, comparing the yuan the ren menbi in China to Japanese. Yeah, and even with we you want versus a dollar, it's studying how weak the Japanese yen is versus ren memby. Why do I care in America? Well, I think, as you guys pointed out just earlier in the segment, Japanese investors have been have been basically leaving Japan and chasing yield and returns elsewhere. And that's because of the zero rate interest policy and heal com control. Domestic eiels aren't attractive enough. So we've seen massive capital outflows of Japan over the last years, if not decades. If we get that infection point where things change and actually rates are allowed to go back to market based levels, I think the fear of at least in Japan and others, is that that wave of capital will come back from crashing back. And already seen announcements some of the Japanese life insurers that they planned the second half of this fiscal year to underweight foreign investments, foreign bonds and overweight jgb's in anticipation of normalization. So there's also the capital flow stories that I think, you know, coming in a time when we don't know what the Fed's doing, we don't know what's going on in Europe with the Middle East. It's just another sort of added uncertainty that Marcus had that jests and I think that's what I think investors in general are worried about. It's almost deliberate ambiguity. Is deliberate ambiguity by the Bank of Japan going to actually create some sort of soft gradual increase in yields and some sort of controlled departure from yaled curve control. Yeah, yeah, at least I think that's what we're seeing. In fact, in my opinion, Yeald curve control is dead. It's deader than Elvis right now, as far as I can tell, they've they've introduced this ambiguity where it's now one percent is now reference point. Who knows what that means. So the market will will prod and tested the Bank of Japan not just on heels but also on the dollary in and it's gonna be a cat and mouse game. But really, for all intents and purposes, jgbills are going up. They have been going up. They will continue go up. We'll go above that one percent sort of reference point within days, and you know the upside I think natural sort of target for the markets. Where we go from there well dependent what's going on in other global market, especially US treasuries. But again, this is normal. This is you know, we've been it's very what I would say, an abnormal period. And it's been going on for decades in Japan of zero rates, negative rates, year clear control and it's abnormal. And I think that they're trying to exit that, but are obviously very very scared of the ramification at least some moments ago, the d X y unraveling. Right now one oh six point ninety one, we're really buttressed up here against the one oh seven on DXY and is clearly yet led by en dynamics. And this goes like the banking stocks. I'm sorry, you just have to look at the Bloomberg screen and it's screaming a certain level of tension out there this morning without being you know, a toxic brew of gloom. I mean, it's just the markets are speaking before this FED meeting, and it's not all the managed message of the elites. When to that point. How disruptive is the fact that the dollar has continued to strengthen and not weaken as so many people thought this year. Well and for the for the US, it's good because the stronger currency helps to limit important inflation. What we were seeing particularly stress is with emerging markets, especially in Asia, that's being double whemmed by the yen, n by the dollar. But basically we've seen many many emerging market center banks intervene to help support their own currency. We've seen surprise rate hikes, we saw that from Indonesia last month, and we've also seen countries that are cutting weights slow. They're easy because the currencies are coming under pressure. So it's to me it's really a toxic root for emerging markets. That is a height height money conditions in the US, slowing global growth slow in China, and easing cycles in emerging markets, and that's all to be a very toxic row for emerging market currency. You should have seen Tom King's face when you said toxic brew. His ears perked up and he was fully into Robert Mondel used to say, Robert Mandel would be in a lecture and he say, look, you know the Mundell triangulation and in partically ununified currency. It's one big time. This is a difficult time because people have been throwing around people have it thrown around where it's like toxic brew for quite a while. And yet we have been in a sort of uneasy equilibrium all year that's really been tapped off by a US dynamism. You go, what do you mean? I don't think it's been an an easy equilibrium. I think the markets are talking here. You know, I'm going back and forth, Doug cass here on the banks, you can rationalize us all you want. Yen one Fifty's why we're talking to win thin so win way in on that. Are things breaking down in a more material way that'll lead to more traumatic moves in effects. Well, I think was the main driver that's really taking anyone by surprise. This is the continued strength of the US economy and by that extension the US dollar, the FED and all that. I'm of the opinion that the Fed will probably get us into a recession next year. But I don't look for anything quote unquote break by break, we mean like a financial crisis, banking crisis some sort. We had to scare back in March with SVB but we found that was, you know, to me, an idiosyncratic situation with SVB and signature. So to me, you know, all the stress tests suggest that that the global financials remains fairly resilient. Now look, that's like we all know that. That doesn't mean you know, a whole lot when when when push comes to show. But I do think that we are sorting this post gred financial crisis uh so situation where yes, the institutions and and overseers and regulators are all sort of on the same page and and hopefully uh willing and able to head off a crisis. Now, well we see pockets of stress. You know, we've had frontier markets blowing up, emerging markets or Canade remain in the stress look UK, uh Europe or into recession. But you know, nothing again, nothing sort of broken. This is sort of a normal thing. I used. I'll leave this, you know with the final thought is that, let's say, normal sort of situation terms of down town going too faster in the US, that's hiking, We're gonna slow, we maybe go into recession, but then the whole cycle starts over. It's not something to worry about. I've got to leave it there. Doctor, Thank you so much, he says Brown Brothers Harriman. There's been an issue in the US side of things, first of all how deeply the US troops will get involved, but also how much aid can actually get passed to go towards supporting both Israel and Ukraine, which no one is talking about. Jennifer Flytt and covering all of this fantastic guests to really analyze it for US head of US Government Affairs at INVESCO, Jennifer, what do you make of this split that we've seen with the House proposing a separate bill to fund Israel that yesterday President Biden said, Vito right, he issued a veto threat. That's correct. Yesterday. We're going to see what the House can do. I think it's still an open question if they have the support because they have paired the Israeli funding with an offset that directly sort of impacts that Inflation Reduction Act and of the irs, and so they will lose the vast majority of Democrats. Could they gain a couple while they lose a few of their own Republicans? I think that's the question, and we'll see that play out on Thursday. What does it tell you about the nature of funding agreements. If funding Israel comes at the expense of cutting the agency served with collecting taxes, well, first, I would say this is an opening salvo for the House because they will have to negotiate no matter what with the Senate. Schumer has the majority leader in the Senate, has already stated that this is dead on arrival, so there is an expectation that there will be further negotiation. But when it comes to offsets, this is a reflection of what is happening in America right now with regard to our own domestic debt our, own deficits that we're running right now. And that's what Republicans and their districts really feel a need to answer to. Jennifer. I believe it is November first. Count it down sixteen days to November seventeenth. It's been left in the debris. We've forgotten about November seventeenth. Give us a brief of the importance of November seventeenth inside the Beltleigh, it is coming upon us very quickly. That is an excellent point and it is not lost on most members. Also, most members that want to get Ukraine funding through the House, Republican and Democratic members and the Continuing Resolution, which is that stop gap that runs out on November seventeenth that has to be extended. The Ukraine funding may have to ride on that continuing resolution. However, they work it out and we'll see that over the next week. They're currently drafting another continuing resolution in the House. Jennifer, there's real dissonance and a headline Stiffe been reading and I am trying to square them. I'd love your help. Basically, on one side, you see the fight that's escalating in Congress, it's escalating with the White House over how to get financing to back these efforts. And then on the other hand, we're talking about US troops potentially being in Gaza indefinitely after the war to keep some sort of peace. What is the appetite in the United States to have a protracted role in some of these conflicts that seem pretty intractable right now? That's right. I think there are a number of steps though that we have to get to first, right because US troops are in the region, of course, they are in Iraq there in Yemen. This was discussed a little bit at the hearing yesterday with Secretary of Blincoln and Secretary of defense Austin. They have been attacked over the last week two weeks. They have had to retaliate in those attacks, and the expectation is to deter further escalation. That I think is the immediate issue before we get to the longer term issues in Gaza. Israel is able to contain that area. There's also a really short term kind of issue with respect to President Biden's approval rating in some of the swing states. And there was a poll that recently came out that more than fifty percent of Muslim Americans used to support President Biden and now a fewer than twenty percent currently do. How significantly is this going to color the entire debate next year? That's an excellent point. I think the tension there within the Democrat Democratic Party and seeing some of those polls, but even seeing the streets right, I mean, we've seen the protrust across America, not just among Arab and Muslim Americans, but also with young people, young progressives on college campuses, and they do see that as a threat. So how they're going to diplomatically work within their own party and their own voters. I think we're starting to see that play out. Jennifer Thank you so much. Jennifer flintne with this with Invesco there on Washington and the war in the Eastern Mediterranean. Subscribe to the Bloomberg Surveillance Podcast on Apple, Spotify, and anywhere else you get your podcasts. Listen live every weekday starting at seven am Eastern. I'm Bloomberg dot Com, the iHeartRadio app tune In, and the Bloomberg Business app. You can watch us live on Bloomberg Television and always I'm the Bloomberg Terminal. Thanks for listening. I'm Tom Keen, and this is BloombergSee 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BIO: Sam Burns is Chief Investment Strategist at Mill Street Research, an independent investment research firm based near Boston, MA. For 25 years, he has focused on global asset allocation and quantitative stock selection, primarily for institutional investors.STORY: Sam decided to short-sell options that went horribly wrong after the Russian default. Even though he knew how options work in principle and that he could lose money, Sam didn't have a plan for what if some geopolitical event happened, causing the market to fall suddenly. And so he lost a whole lot of money in the trade.LEARNING: Understand what you're really betting on. Every option trade is about volatility. Have a plan for what could go wrong and what you'll do about it before you look at the headline to see what's happening. “There often are hidden drivers of an investment that are not what you think they are.”Sam Burns Guest profileSam Burns is Chief Investment Strategist at Mill Street Research, an independent investment research firm based near Boston, MA. For 25 years now, he has focused on global asset allocation and quantitative stock selection, primarily for institutional investors. After spending many years doing research at firms like Oppenheimer & Co, State Street, Brown Brothers Harriman, and Ned Davis Research, Sam founded Mill Street in 2016 to be able to bring all of his best work together and offer it to clients without any constraints or conflicts.Worst investment everSam had been trading options for a while, mainly from the long side, buying puts and calls, which, at the very least, has a limited risk aspect since you can only lose what you put in. At some point, Sam decided to try short-sell options, which went violently against him.This was in August 1998 when the Russian default set off a chain reaction of problems and Long-Term Capital Management blew up. Even though he knew how options work in principle and that he could lose money, Sam didn't have a plan for what if some geopolitical event happened, causing the market to fall suddenly. And so he lost a whole lot of money in the trade.Lessons learnedEvery option trade is about volatility.Have a plan for what could go wrong and what you'll do about it before you look at the headline to see what's happening.Ensure you're capitalized well enough to handle or ride through ups and downs and drawdowns.Andrew's takeawaysUnderstand what you're really betting on.Actionable adviceMake a point to think through what's behind an investment and understand the other things moving simultaneously that might explain the movement of the asset you're interested in.Sam's recommendationsSam recommends listening to or reading people who are practitioners involved in markets day to day rather than journalists, who, though they do a great job, a lot of them write for a different reason than to make you a better investor.No.1 goal for the next 12 monthsSam's number one goal for the next 12 months is to try and stay on the right side of the macro picture.Parting words “Have a plan.”Sam Burns [spp-transcript] Connect with Sam Burns

Sam Burns, chief strategist of Mill Street Research (www.millstreetresearch.com), an independent research firm, joins Julia La Roche on episode 105. In this episode, Burns explains how he deploys a top-down macro research approach with bottoms-up analysis. When it comes to the economy, Burns points out that the economic data has been better than expected and that inflation is headed in the right direction after the worst of it peaked last year. He doesn't expect an imminent recession in the next six to 12 months. Instead, he expects a gradual slowdown in the economy rather than a sudden fall off a cliff. As for markets, Burns is overweight equities compared to bonds. Burns, who had been bullish stocks earlier this year amid the pessimism, pointed out that things have gotten back to more normal expectations.   Burns has over 20 years of experience as a market strategist, providing analysis and commentary to institutional investors globally. Prior to founding Mill Street Research in 2016, Burns worked as a senior strategist at leading firms, including Oppenheimer & Co., Brown Brothers Harriman, State Street Global Markets, and Ned Davis Research. Mill Street Research provides a suite of consistently updated research reports for institutional investors covering asset allocation, country allocation, sector and industry selection, and a robust quantitative stock selection process. Learn more at www.millstreetresearch.com. 0:00 Welcome Sam Burns to the show  0:57 Top-down, bottom-up approach to research  2:23 Macro view today 4:15 Better-than-expected economic data, inflation coming down  6:13 The balance between fiscal and monetary policy  8:14 A gradual slowdown in the economy 11:05 Worst of inflation peaked last year  14:19 Can inflation get to 2-2.5%? 16:06 Higher for longer  18:10 Not currently expecting a recession in the next 6-12 months 20:00 Consumer  22:25 Markets  25:08 Bond market  32:00 Stock market  36:40 Opportunities in the market  39:15 Traditional 60/40  41:30 Parting thoughts 

Will value catch up to growth's steady trend, or will growth fall from its leadership perch? Can Europe finally accelerate after breaking through its year-2000 peak? Can Energy finally become an investable sector again? Find answers to this and much more in the latest interview from Fill the Gap!Ari Wald, CMT, CFA joins us in Episode #32 where we explore the detailed and comprehensive market research behind Oppenheimer's head of Technical Analysis. Before getting into markets, Ari walks through the “genealogy” of his career with influences from mentors like Andrew Burkly, Charlie Blood, and Sam Burns. These Wall St. veterans shaped Ari's research process from contrarian views looking for turning points and mean reversion in every chart, to the trend-following outlook anchored on the momentum factor which he delivers today. Throughout Ari's career the toolkit has been consistent and the focus on objective, quantifiable tools has been the hallmark. From Brown Brothers Harriman to Wolfe Research and now Oppenheimer, Ari has added tremendous value to his institutional clients and to the CMT Community worldwide. Most importantly, his thorough bottom-up review of thousands of securities combined with a historical appreciation for economic cycles and big picture view on the state of the investable environment provide clients with a repeatable disciplined process they can rely on. Enjoy the latest interview with your co-hosts David Lundgren, CMT, CFA and Tyler Wood, CMT.Fill the Gap, hosted by David Lundgren, CMT, CFA and Tyler Wood, CMT brings veteran market analysts and money managers onto a monthly podcast. For complete show notes of every episode, visit: https://cmtassociation.org/development/podcasts/ Give us a shout:@dlundgren3333 or https://www.linkedin.com/in/david-lundgren-cmt-cfa-63b73b/@_TBone_Pickens or https://www.linkedin.com/in/tyler-wood-cmt-b8b0902/@CMTAssociation orhttps://www.linkedin.com/company/cmtassociationCMT Association is the global credentialing authority committed to advancing the discipline of technical analysis in the financial services industry. We serve members in over 137 countries. Our mission is to elevate investors mastery and skill in mitigating market risk and maximizing return in capital markets through a rigorous credentialing process, professional ethics, and continuous education. CMT Association formed in the late 1960s with headquarters in lower Manhattan, NY and Mumbai, India.Learn more at: www.cmtassociation.org

Mohamed El-Erian of Queens' College Cambridge expects a dovish Fed and a hawkish BOE. Win Thin of Brown Brothers Harriman could see a higher dollar ahead. Elina Ribakova of the Peterson Institute for International Economics says the situation in the Black Sea is devastating. David Rosenberg of Rosenberg Research says that the development of AI will mean the fiscal system will need revamping. Vinai Venkatesham of Arsenal FC says the US has become their top international market ahead of their friendly in New Jersey against Manchester United. See omnystudio.com/listener for privacy information.

In late April, we brought together a panel of leading thinkers and executives from across the sector to discuss the impacts of rising interest rates on commodities in front of a live audience in New York City. This inaugural Live HC Insider Podcast event was hosted by HC Group and Brown Brothers Harriman. Where are rates headed? What does it mean for prices, traders, producers, investment and the energy transition? Our panelists were Roland Rechsteiner (Partner, McKinsey), Lewis Hart (Managing Director, BBH), Dwight Anderson (Founder, Ospraie Management), Mark Kristoff (CEO, Traxys), and Adam Rozencwajg (Managing Partner, Goehring & Rozencwajg). The panel opened with an update on rates from Scott Clemons (Chief Investment Strategist at Brown Brothers Harriman). 

Exchange-traded funds could go from $9 trillion in global assets today to $30 trillion in the next decade as investors far and wide continue to migrate from mutual funds. This is the prediction that Brown Brothers Harriman reached in their 10th Annual ETF Survey last month.   On this episode, Joel and Eric speak with Shawn McNinch, Global ETF Head at BBH, to pore over the survey, including questions on how ETFs are selected, what areas investors want to see more products covering and the differences between the US and other regions.  See omnystudio.com/listener for privacy information.

Exchange-traded funds could go from $9 trillion in global assets today to $30 trillion in the next decade as investors far and wide continue to migrate from mutual funds. This is the prediction that Brown Brothers Harriman reached in their 10th Annual ETF Survey last month.   On this episode, Joel and Eric speak with Shawn McNinch, Global ETF Head at BBH, to pore over the survey, including questions on how ETFs are selected, what areas investors want to see more products covering and the differences between the US and other regions.  See omnystudio.com/listener for privacy information.

Sam Burns, CFA is the chief strategist at Mill Street Research – an independent research company specializing in proprietary institutional research tools for asset allocation, stock selection, and macro-economic indicators. Burns has more than 20 years of experience as a market strategist providing US and global investment insights at Wall Street firms including Oppenheimer & Co., Brown Brothers Harriman, State Street Global Markets, and Ned Davis Research. Burns recently introduced a new financial insider's report for individual investors - The Weekly Round-Up can be found at https://www.millstreetresearch.com/weekly-roundup/Psychologist Dr. Catherine Athans holds Doctorate Degrees in both Clinical and Health Psychology and has been a Licensed Marriage and Family Therapist for over 25 years. She's authored numerous books, including The Heart Brain, which details how stress, anxiety and worry can put you at an increased risk for disease, and offers solutions for a more peaceful mind and healthy body. https://www.catherineathansphd.com/Col. Lee Ellis a retired Air Force pilot and love expert Greg Godek have come together to share the inspiring stories of POWs who returned from the Vietnam War after years of incarceration and mistreatment in the infamous "Hanoi Hilton" prison system. Their book, CAPTURED BY LOVE, offers readers a rare glimpse into the resilient and enduring love and romance that emerged from such a challenging and heartbreaking situation. Lee is Founder and President of Leading with Honor® and FreedomStar Media®. He is an award-winning author, leadership coach, and speaker in the areas of leadership and human performance. https://www.powromance.com/This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3240061/advertisement

Rebecca Hotsko and Sam Burns discuss, Sam's 2023 market outlook, the strong market performance despite negative earnings revisions, and more!Sam Burns, CFA is the chief strategist at Mill Street Research – an independent research company specializing in proprietary institutional research tools for asset allocation, stock selection, and macro-economic indicators. Burns has more than 20 years of experience as a market strategist providing US and global investment insights at Wall Street firms including Oppenheimer & Co., Brown Brothers Harriman, State Street Global Markets, and Ned Davis Research.IN THIS EPISODE, YOU'LL LEARN:0:00 - Intro02:45 - The current state of the market and Sam's outlook for 2023. 09:46 - Why the market has held up so far despite the negative revisions to analyst's earnings estimates. 24:34 - Sam's specialty at Mill Street research which is tracking analyst earnings revisions. 30:32 - How analyst earning revisions can be used to inform an investment strategy. 35:49 - Investment strategies related to analyst earnings revisions, including the sectors that are seeing better-than-expected revisions. 47:31 - Which sectors have seen the most downward revisions in earnings estimates? 50:06 - Which sectors Sam is most bullish on long term.53:03 - The indicators Sam is watching that indicator the market may be on an uptrend. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out: Mill Street Research. Related Episode: Listen to MI255: Navigating Bubble 3.0: Is This Time Different? w/ David Hay, or watch the video.NEW TO THE SHOW?Check out our Millennial Investing Starter Packs.Browse through all our episodes (complete with transcripts) here.Try Robert and Rebecca's favorite tool for picking stock winners and managing our portfolios: TIP Finance.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Let an expert do your taxes from start to finish so you can relax with TurboTax.Set, track, and manage your financial goals as your life evolves with Scotia Smart Investor.Get the professional support you need to prepare for your future career with UBC Sauder School of Business.Universal life insurance can offer protection and long-term tax-advantaged savings for your future goals & milestones. Get a universal life policy today through a simple, easy, and 100% digital purchase journey with Everly.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Support our free podcast by supporting our sponsors.Connect with Sam: Website | Twitter Connect with Rebecca: Twitter | InstagramEmail: Rebecca@theinvestorspodcast.comSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In a wide-ranging interview, John Harms, a vice president of corporate advisory & banking at the Wall Street firm of Brown Brothers Harriman, talks about some of the macroeconomic impacts on the supply chain coming from various trends, including the growth of tariffs that have stayed in place from one administration to the next. Follow FreightWaves PodcastsJoin Global Supply Chain Week

In a wide-ranging interview, John Harms, a vice president of corporate advisory & banking at the Wall Street firm of Brown Brothers Harriman, talks about some of the macroeconomic impacts on the supply chain coming from various trends, including the growth of tariffs that have stayed in place from one administration to the next.  Follow FreightWaves Podcasts Join Global Supply Chain Week Learn more about your ad choices. Visit megaphone.fm/adchoices

Sam Burns, chief strategist of Mill Street Research, an independent research firm, joins Julia La Roche on episode 56. In this episode, Burns explains how he deploys a top-down macro research approach with bottoms-up analysis. He outlines why he's recently been more bullish on equities and risk assets in at least a year. According to Burns, the economy is “not great, but it's not as bad as expected.” He pointed out that the market had priced in much of last year's pessimism. Moreover, he's not expecting an imminent recession like many were at the end of last year, noting that it's, “at least being put off, if not, delayed until maybe in the next year.” Sam has over 20 years of experience as a market strategist, providing analysis and commentary to institutional investors globally. Prior to founding Mill Street Research in 2016, Sam worked as a senior strategist at leading firms, including Oppenheimer & Co., Brown Brothers Harriman, State Street Global Markets, and Ned Davis Research. Mill Street Research provides a suite of consistently updated research reports for institutional investors covering asset allocation, country allocation, sector and industry selection, and a robust quantitative stock selection process. We also provide customized work and special research projects for clients. 0:00 Intro 0:31 Background 2:53 Building an independent research firm 3:23 Combining top-down macro research with bottom-up analysis 5:36 Macro analysis 6:15 Distortions in the data 7:00 The economy is doing OK 7:46 Don't think we're heading for an imminent recession 8:45 Things aren't going to be as bad as the bears are saying 9:49 Fed rate hikes impact on the economy 13:19 Why has the labor market held up? 17:30 Inflation 21:45 Can we get back to the 2% target? 25:50 Fiscal policy 29:44 Debt 33:09 Assessment of the markets 36:07 Opportunities 52:41 Yield curve

What does opportunity look like? How do you envision the path before you? Andrea Murray discusses why it is essential for companies to attract diversity from the top. Andrea Murray is Head of Business Development at Blackwater Search & Advisory based in London. Andrea relocated from Washington, D.C. in 2019 where she was the Senior Relationship Manager and ETF Specialist at ProShares. Her 20-year finance career began in Boston at Brown Brothers Harriman and was previously Co-Head of the Women in ETFs London Chapter. Kristine Delano and Andrea provide practical tips for both people in positions of influence and those simply looking to drive change. Shout out to Shundrawn Thomas, founder of the Copia Group, for his open letter. “Diversity has to start at the top”. Listen on your favorite podcast platform. We Talk Careers Podcast. Follow on Instagram kristine.delano.writer Visit www.womeninetfs.com to find additional support in the ETF industry. Go to www.kristinedelano.com for your Thrive Guide: a compilation of the most requested and insightful advice from our guests on Leadership and Advancement.

Doug Cortina, co-founder and strategic advisor, brings a strong background of hands-on business and entrepreneurial experience to NorCal Cannabis. Doug has successfully led the planning, development and execution of three cannabis projects in the Bay Area. Doug has been involved in the real estate development industry in the Bay Area for the past five years. During this time he has structured and administered numerous real estate partnerships and is directly responsible for the acquisition of over $50MM in Bay Area properties. Prior to moving to San Francisco, Doug worked in NYC for the investment bank Brown Brothers Harriman.https://norcalcann.comNext Steps Share your thoughts with a review - https://www.thedealscout.com/reviews/ Let's connect on LinkedIn - https://www.linkedin.com/in/joshuabrucewilson/ Subscribe and Watch on YouTube - https://www.youtube.com/channel/UCBQN_Y3nhDGClfMxCSBDjOg

ESG policy shifts have played a part in “spawning a fully-fledged culture war across financial markets” claims Adrian Whelan (Brown Brothers Harriman). Our guest joins Tom Alford in the TreasuryCast studio at Sibos 2022 to cover the developing impact of sustainability regulation, and considers how, in the face of divergent global regulatory demands, treasurers should respond when seeking to leverage their organisation's ESG policies.

This week's guest explores how changes in population may impact the overall housing market and also helps dispel some popular "urban myths" that many consider factual. He also believes that a lack of single-family and multi-family construction will keep the market healthy for investors and, while we may see a correction with rising rates, a full blown housing crash looks unlikely. Mark Hickey is the founder of 4M Rentals. He previously held roles as Economist/Director of Market Analytics for CoStar Group and was a Senior Financial Analyst for Winn Companies. Mark began his career as a fund accountant with Brown Brothers Harriman and JP Morgan Chase. Mark holds an MBA in real estate from Boston College and a BS in finance and economics from Syracuse University. Key Takeaway: While a flattening/modest decrease in home prices is likely, don't expect a full blown housing crash. A lack of construction in single-family & multi-family will keep the market healthy for both types of investors but a it will be harder for most investors to make high returns like the ones we saw from 2011-2019. How to Contact Mark: Mark can be reached via email at Mark.ohlcidhe@yahoo.com or Mark.ohlcidhe@gmail.com. To review Mark's slides from today's discussion, please visit: https://youtu.be/mPElikMNbxM Are you REady2Scale Your Multifamily Investments? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at https://www.bluelake-capital.com/ . Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Oddcast we continue the dive on Yale's senior year only fraternity, the very secretive Order of Skull, and Bones. We pick up from part one, and discuss more symbolism, influential members, and possible ties. We also look at several other prominent fraternities, and discuss the net worth of their trusts, and their most notable members, and connections as well. Thank you for your continued support, and i look forward to bringing you more content very soon.   See Also: The Oddcast-The Order of Death Pt. 1 Ep. 104 The Order of Death Pt.1 (podbean.com)   Cheers, and Blessings   The Odd Man Out   Help Support The Show, & Get Early, & Extra Content   Odd Man Out Patreon https://www.patreon.com/theoddmanout   Memento Mori “Remember That You Have To Die”   The society was known to its members as the Eulogian Club: eulogia is Greek for “a blessing” and is applied in ecclesiastical usage to the object blessed.   Fleshing Out Skull and Bones P. 192 Bones meanings are held at the tomb which is a two-story building without windows and who's walls on the outside are covered with Ivy. That's where the term Ivy League came from. The tomb is located to the east of the New Haven Green about 100 yards from the federal courthouse the Yale University owns the majority of land in downtown New Haven almost all of the university buildings are interconnected by a series of underground tunnels so visiting Bonesman never need approach the tombs from the street.   Room B, called 322, is the "sanctum sanctorum" of the temple. Its distinguishing feature is a facsimile of the Bones pin, handsomely inlaid in the black marble hearth, just below the mantel, and also inlaid in marble is the motto: "Rari Quippe Boni," in old English text. The motto is said to come from the passage by Juvenal: ["Good men forsooth are scarce: there are hardly as many as there are gates of Thebes or mouths of the rich Nile."--Juvenal, Sat., xiii. 26.]   "The order was incorporated in 1856 under the name “Russell Trust Association.” By special act of the state legislature in 1943, its trustees are exempted from the normal requirement of filing corporate reports with the Connecticut Secretary of State. As of 1978, all business of the Russell Trust was handled by its lone trustee, Brown Brothers Harriman partner John B. Madden Jr. Madden started with Brown Brothers Harriman in 1946, under senior partner Prescott Bush, George Bush's father."   A grandfather clock is presented to each Knight upon initiation and stays with him throughout his life as a memento of what is called "the Bones experience."   Iserbyt- Secret Societies https://youtu.be/cFQD1bAsUlw David Allen Richards Skulls, & Keys-The history of Yale secret societies https://youtu.be/4J4mRqND9aI Ron Rosenbaum-S, & B Peice https://youtu.be/apzwObT0qNM Alexandria Robbins/Secrets Of The Tomb Lecture https://youtu.be/KOKGt9Bl2wM Founded in the fall of 1996 by Rabbi Shmully Hecht, Ben Karp, "Cory Booker" and Michael Alexander as an intellectual salon and Jewish leadership society, the group that started out as a social club for would-be and current leaders of the Yale community has blossomed into an organization recognized the world over, yet with a decidedly secular twist. "There was no question that Eliezer was a Jewish association," says New York Times critic at large Edward Rothstein, a member of the society, "but also no question that along with its elements of religious observance and allusion, the aura was nonsectarian intellectual." http://content.time.com/time/nation/article/0,8599,2057526,00.html Eliezer now called Shabtai Shabtai has deep connections to Israeli political, military, and judicial figures and hosts regular off-the-record meetings and briefings on Israeli developments. Participants, many of whom have also been speakers and guests at Shabtai, include Aharon Barak, Elyakim Rubinstein, Hanan Melcer, Ehud Barak, Yuval Steinitz, Alex Lubotzky, Yoav Gallant, Daniel Taub, Ron Prosor, Danny Dayan, Ido Aharoni, Gideon Meir, and Yaakov Amidror, as well as other individuals like Gilad Shalit. International Jewish leaders meet regularly with Shabtai members to inspire their participation and receive their guidance on critical issues facing global Jewry. These have included Adin Steinsaltz, Ephraim Mirvis, Yanki Tauber, Tzvi Freeman, Emanuel Rackman, Sholom Dovber Lipskar, David Lincoln, James Ponet, Jacob Immanuel Schochet, Yitzchok Kogan, Y.Y. Jacobson, and Faivish Vogel, as well as many others. Videos https://vimeo.com/shabtai https://en.m.wikipedia.org/wiki/Shabtai_(society) Corey Booker Shabtai Founder https://yaledailynews.com/blog/2019/02/06/shabtai-founder-cory-booker-law-97-to-run-for-president/   See The Books: America's Secret Establishment: An... book by Antony C. Sutton (thriftbooks.com)   Fleshing Out Skull & Bones:... book (thriftbooks.com)   Skulls and Keys: The Hidden History of... book by David Alan Richards (thriftbooks.com)   Alexandra Robbins Books | List of books by author Alexandra Robbins (thriftbooks.com)   Odd Man Out Patreon https://www.patreon.com/theoddmanout         ACR- My Podcasting Family Visit the home of The Oddcast at "Alternate Current Radio, and check out all their other great shows including, Boiler Room, and be sure to subscribe to their Social Media to get updates on all the fantastic talk, and music shows. https://alternatecurrentradio.com/   Check out the ACR video: "Shilling For Sanity" https://youtu.be/TyQv1JL78Eg   Support the show by subscribing, liking, sharing, & donating!     Fringe Radio Network- Radio on the Fringe! http://fringeradionetwork.com/       Patreon-Welcome to The Society Of Cryptic Savants   https://www.bitchute.com/video/C4PQuq0udPvJ       Social Media: _theoddmanout on Twitter, and Instagram       Facebook https://www.facebook.com/theoddcastfttheoddmanout       "A special   Thank You to my Patrons who contributed to this episode. You are very much appreciated."   Their Order Is Not Our Order!

FICC Focus offers the latest market views on interest rates, corporate bonds, emerging market debt, commodities and currencies by Bloomberg Intelligence analysts. In this month's EM Lens & Look-Through podcast, host and BI Chief EM Fixed Income Strategist Damian Sassower is joined by Dr. Win Thin, Senior Vice President & Global Head of Market Strategy for Brown Brothers Harriman. Thin shares his outlook for emerging market currencies, as the stronger greenback is suppressing non-dollar asset class returns, causing the market value of benchmark-eligible debt to decline by nearly 6% in the last month alone.

In this episode of The Hot Seat, David Zickler wakes us up to the fact that we're getting ready to witness the largest wealth transfer in American History. David is a VP at Brown Brothers Harriman. This interview is filled with value for transportation business owners. We walk through what families can expect when setting up their succession planning, the role of a wealth advisor and investment banker during this succession, and the potential effect of current geopolitical issues on the transportation M&A environment. Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message

Inside Money: Brown Brothers Harriman and the American Way of Power by Zachary Karabell A sweeping history of the legendary private investment firm Brown Brothers Harriman, exploring its central role in the story of American wealth and its rise to global power Conspiracy theories have always swirled around Brown Brothers Harriman, and not without reason. […] The post Chris Voss Podcast – Inside Money: Brown Brothers Harriman and the American Way of Power by Zachary Karabell appeared first on Chris Voss Official Website.

Hey, y'all, it's been a while since my last episode, but today I bring you Erica Sandoval. If you're a long-time podcast listener, you'll probably recognize her from an episode we did together back in March, where we learned about her journey into the social work profession. This time, we're bringing her back to hear in on what she's been up to recently. On top of that, we have some really exciting announcements to share with you as well. Make sure you have a listen!Topics we cover in today's episode include:The amazing work Erica is doing with the Latinx community An exciting announcement we have to share with you (hint: it involves a book)Why it's important to lead with heart and purpose More about Erica:Erica is a passionate licensed clinical therapist who is dedicated to promoting diversity, equity, and inclusion (DEI). She is committed to amplifying the voices and businesses of incredible Latinx social work leaders, who are healing and inspiring communities. As founder and CEO of Sandoval CoLab, she partners with organizations, universities, health care facilities, medical and corporate professionals to provide access to resources to advance teams and help employees and students thrive. Most recently, she co-founded Employee Network Allyance, a space for allyship for today and tomorrow's employee network leaders who help each other succeed. Erica holds a Post Master's in Clinical Adolescent Psychology and a Master's in Social Work from New York University, Silver School of Social Work. She currently serves as President of the Board of Directors for National Association of Social Workers NYC, the largest organization for professional social workers worldwide. She helped launch B.O.L.D, Building Organizing and Leading with Diversity. Her work focuses on the intersectionality of behavioral health, social disparities, trauma, and human development. She serves as Advisor for the Latino Social Work Coalition and Prospanica NY. Her successful career has earned her numerous awards, including being honored with the Social Justice Award for Social Work as one of Prospanica NY's 2021 Top Latinx Leaders. She is regularly invited to be a guest speaker, moderator and panelist by well-known organizations, including Sony, Jobwell, and Brown Brothers Harriman. In collaboration with Fig Factor Media, Erica released her first book, Latinx in Social Work, which quickly became a #1 Best Seller and Hot New Release under Social Work on Amazon and also led to an ongoing partnership with the NYU Silver School of Social Work. Her greatest pride is being a single mother and raising her 21-year-old daughter, Isabella, whom she considers her biggest teacher. As a proud immigrant from Ecuador, her passion is fueled in supporting the community she is a part of and their children. Erica is a philanthropist and is a donor to the Latino Social Work Coalition and Scholarship Fund. www.latinxinsocialwork.com www.instagram.com/latinxinsocialworkwww.sandovalcolab.comwww.instagram.com/sandovalcolab—If you enjoyed this episode feel free to follow me on the web for more career-related resources!LINKEDIN: https://www.linkedin.com/in/harlenyvasquez/INSTAGRAM: https://www.instagram.com/yourevolvedmind/?hl=enThis episode was sponsored by Social Work Degrees powered by Wiley.Learn more :https://www.socialworkdegrees.org/

Sean Reilly is a serial entrepreneur and founder of Rath Capital. Rath is the 4th company he has founded. Sean recently launched and led Accelerant Inc, a regional staffing firm, from zero to over $35 million of revenue. Sean is an industry leader in investment advisory, capital raising, securities lending, and operational advisory work. He has worked for some of the leading investment banks in the world including Brown Brothers Harriman, JP Morgan Chase, and State Street Corporation. Sean is a frequent speaker on entrepreneurship, venture capital, motivation, and team building.

Let's talk investing. This week we have a guest sharing about the root systems of economics, how they apply to a household, and how YOU can be confident with your financial status. Often times we think buying low and selling high is a no-brainer when really, it should feel uncomfortable and against the grain. This is the sweet spot of investments. Listen and learn more from the brilliant Scott Clemons! Join the UnlockU Community HERE. Connect with Scott More about Scott Clemons: G. Scott Clemons joined Brown Brothers Harriman & Co. in 1990, and has held a variety of investment roles at the firm over the past 32 years. Scott started his career as a portfolio manager of European and domestic equities, before stepping into a leadership role in the New York office of the firm's Private Banking business in 2005. In 2010 he was appointed Chief Investment Strategist, and is today one of the firm's primary writers and speakers on topics related to the economy, financial markets and investing. Scott is a frequent contributor to print and broadcast media, and appears regularly in the pages of the Wall Street Journal, Financial Times, New York Times and on camera at CNBC, Bloomberg and CNN. Scott is a Chartered Financial Analyst, and a member of the New York Society of Security Analysts and the CFA Institute. Outside of his professional interests, Scott serves as a trustee of Rare Book School at the University of Virginia, the Morgan Library and Museum in New York, and the Research Corporate for Science Advancement, the nation's oldest foundation dedicated to the support of basic scientific research. Born and raised in Florida, he is a magna cum laude graduate (Classics) of Princeton University, and lives in Manhattan with his family.

SPECIAL EPISODE | Risk of a U.S. recession is growing more likely, with the potential to impact valuations across EM asset classes. As Fed tightening, China lock-downs and the war in Ukraine collide, who is best positioned and why? How has the risk of contagion evolved across EM and how do you expect policy makers to respond? Join industry leaders from Goldman Sachs, J.P. Morgan, Citigroup, Bank of America and Brown Brothers Harriman as we explore the key trends that are reshaping the global investment landscape.

Carine Schneider is an experienced and well-connected leader in the private market & global compensation industry. Carine is currently the President of AST Private Company Solutions and was formerly the President, NASDAQ Private Market Equity Solutions. She was the founder & CEO of WFFConnect, a mission-driven company to connect women founders to capital that was acquired by WorldWideWomen. Carine has held various leadership positions including CEO of Certent, founder & CEO of Global Shares, Partner at PwC and Nua Group, and executive positions at Morgan Stanley and Towers Watson. She is a frequent speaker at conferences around the world, including President Obama's Global Entrepreneurial Summit, and has authored various articles in industry publications. he was honored in 2019 with the ProShare Award for Services to Employee Share Ownership, in 2017 as one of the 100 Influential Women in Silicon Valley (Silicon Valley Business Journal), and one of 17 “Women to Watch”​ in 2017 by Brown Brothers Harriman. Carine was invited to become a Fellow of Global Equity in 2019. Connect with Jon Dwoskin: Twitter: @jdwoskin Facebook: https://www.facebook.com/jonathan.dwoskin Instagram: https://www.instagram.com/thejondwoskinexperience/ Website: https://jondwoskin.com/LinkedIn: https://www.linkedin.com/in/jondwoskin/ Email: jon@jondwoskin.com Get Jon's Book: The Think Big Movement: Grow your business big. Very Big!   Connect with Carine Schneider: Website: https://astrella.com/ Twitter: https://twitter.com/carineschneider Instagram: https://www.instagram.com/ast_financial/ LinkedIn: https://www.linkedin.com/in/carineschneider/

 Jan Hatzius, Goldman Sachs Chief Economist, discusses why his firm cut their US growth forecast. Dana Telsey, Telsey Advisory Group CEO and Chief Research Officer, says digital sales are moderating and consumers are shifting back to brick-and-mortar. Scott Clemons, Chief Investment Strategist, Brown Brothers Harriman, says the market is too pessimistic about the risk of inflation. Winnie Cisar, Creditsights Global Head of Credit Strategy, says we're moving into the credit risk phase of the selloff.  See omnystudio.com/listener for privacy information.

With the release of the Enhancing Investor Trust: 2022 CFA Institute Investor Trust Study, Gary DeMoss, director at Invesco Consulting, and Adrienne Penta, executive director of the BBH Center for Women & Wealth at Brown Brothers Harriman, discuss the factors that are driving higher trust in financial services. While there is certainly cause for optimism, Gary and Adrienne share what the industry must do to sustain that trust even during periods of volatility. To view the full survey and results, visit https://trust.cfainstitute.org/.

How do you advocate for your career? When do you push back and when do you stand firm? In this episode of We Talk Careers, we are talking to Diana Tidd. She is on the executive committee of MSCI and coordinates the environmental, social and governance strategy. Prior to this role. Diana worked as the head of the Asia team for Brown Brothers Harriman. In 2016, Diana was named by Money Management Executive as one of the top women in asset management. Diana received her bachelor's in political science, from Colgate and a masters in Latin American studies from Stanford University. Kristine Delano and Diana talk about the tough spots in your career. When you have to stand up and when you should stand down.  Learn from their nuanced insights -  like how to read conference room to when to take things offline. Follow on Instagram kristine.delano.writer to join the conversation. Visit www.womeninetfs.com to find additional support in the ETF industry. Go to  https://kristinedelano.com/we-talk-careers-episode-11-career-advocacy/ for a free worksheet - Advocate for YOUR Career. Also check out Diana's book recommendation: The Premonition by Michael Lewis.

In this month's EM Lens & Look-Through podcast, host and BI Chief EM Fixed Income Strategist Damian Sassower is joined by Dr. Win Thin, Senior Vice President & Global Head of Market Strategy for Brown Brothers Harriman. Thin shares his 2022 outlook for emerging markets, as the asset class faces challenges from Fed tapering, Chinese deleveraging to Russian foreign policy, and Brazilian election risk.

I first met Robb while working together in 2014.  Eventually Robb left Jackson to attend Vanderbilt University's Owen Graduate School of Management where he graduated in 2018 with an MBA concentrating on business strategy & marketing.  Robb then went on to work for Brown Brothers Harriman where he remains today, a private bank committed to helping entrepreneurs and businesses achieve success at all stages of growth.  Robb and I have traveled to MX numerous times, the Northwest Territories in Canada, and the Seychelles and have another trip planned there this spring. To meet Robb once is to feel as if you have known him your whole life. He has an endearing sense of curiosity, humor, empathy and amazing life experiences at a young age and it makes you wonder how he has fit it all in in such short order.  Robb currently resides in Boston, MA with his wonderful fiancé Dylan. Additionally we are lucky enough to have Matthews back on the show as a co-host today and for those of you who haven't listened to the first episode of PTT, give it a go to learn more about Matthews and his story.Be sure to subscribe to this show on iTunes, Spotify, and your favorite podcast hosting platform. Check our website, subscribe to the newsletter, and get updates on the show.  Please forward the show onto anyone who you think might dig it. Reviews help, thank you

Sue Delegan serves as Co-Founder and Chief Executive Officer of Brutus Bone Broth, Inc., founded in 2017. Sue is a graduate of St. Lawrence University and has a strong background in marketing and business.   Before launching Brutus Broth, Sue co-founded and served as President of Ilios Dairy Brands, LLC, a dairy company focused on offering an innovative and natural alternative in the dairy segment. The Ilios' Greek Yogurt Butter was lauded as a “Top New Products” by Supermarket Guru in August 2012 and as a “Rising Star” in Specialty Foods Magazine in November 2012.   Prior to launching Ilios, Sue spent 10 years as a fundraising and strategic marketing professional in a variety of non-profit organizations. She focused on major giving ($10,000+), endowment gifts, and planned giving. She played a key role in securing gifts from both Foundations and Corporations, as well as, handling all Media Relations. Before joining the Non-profit Sector, Sue was a marketing professional at Brown Brothers Harriman, a privately-held financial institution which is well-known as a thought leader and solutions provider in the financial services industry.   On this episode, Sue shares valuable entrepreneurship lessons including the myth of overnight success and the importance of self-belief.  In the food industry, her company is literally challenging the “Big Dogs” in the pet industry. She shares that every experience shapes your success and why only you have the power to shape your life.   Contact Sue Delegan: https://www.linkedin.com/in/susan-delegan-2a8613a7/   Welcome to Profiles in Success and thank you for listening!   For more visit: https://profilesinsuccess.com/ Work with us: https://www.bernhardtwealth.com/

Carine Schneider is the President of AST Private Company Solutions, which focuses on developing technology and services solutions for private companies worldwide. She's a thought leader in the financial services industry, previously serving as CEO for several successful companies, was named one of the 100 most Influential Women in Silicon Valley, was recognized in "Women to Watch" by Brown Brothers Harriman, and is a Fellow of Global Equity.  She is an expert who can speak on the private market/equity, capable management, the future of fintech, financial literacy, the gender equity gap, and more.On the podcast, today, Carine and I discuss the link between blockchain technology & business corporations, alongside how finance is inventing new ways to make blockchain technology more useful and reliable in business. Key takeaways from our interview. How digital records are managed using blockchain technology. How we can impact consumer buying habits through the provision of more information.Long-term business strategies that are structured alongside blockchain technology. Connect with Carine.  Website - https://www.astfinancial.com/Linkedin - https://www.linkedin.com/in/carineschneider/ Twitter - https://twitter.com/carineschneider Learn more about Project Genetics: https://projectgenetics.com/

Ranjay Gulati is the Paul R. Lawrence MBA Class of 1942 Professor and the former Unit Head of the Organizational Behavior Unit at Harvard Business School. Until recently, he chaired the Advanced Management Program, the flagship senior leader executive program, at the school. Professor Gulati studies how “resilient” organizations—those that prosper both in good times and bad—drive growth and profitability. His work bridges strategy (establishing clear strategic pillars for growth), organizational design (reimagining purposeful and collaborative organizational systems), and leadership (fostering inspired, courageous and caring execution). Professor Gulati was ranked as one of the top ten most cited scholars in Economics and Business over a decade by ISI-Incite. The Economist, Financial Times, and the Economist Intelligence Unit have listed him as among the top handful of business school scholars whose work is most relevant to management practice. His research has been published in leading academic journals of business, the Harvard Business Review, and a range of other outlets. He is the author of a number of books. He has been a frequent guest on CNBC and other media outlets. Professor Gulati advises and speaks to corporations large and small around the globe. He also frequently leads small-group workshops focused on helping leadership teams of high-growth companies enhance the growth trajectory of their businesses. Some of his representative speaking and consulting clients include: Abbott Laboratories, Adidas, Aetna, Allergan, Bank of America, Bank of China, Baxter, Berkshire Partners, Blackrock, Boston Scientific, Bristol Myers Squibb, Brown Brothers Harriman, Caterpillar, Credit Suisse, Expedia, Ford, GE, General Mills, Google, Henkel, Hitachi, Honda, Hospira, IBM, Iron Mountain, Kellogg Company, Keybank, KPMG, LaFarge, Lockheed Martin, Merck, Metlife, Microsoft, Mitsubishi, Novartis, Ochsner, P & G, Qualcomm, Sanofi, SAP, Target, Temasek, Unilever, and Vertex. He has served on the advisory boards of several entrepreneurial ventures and has appeared as an expert witness in business litigations. Professor Gulati holds a Ph.D. from Harvard University, a Master's Degree in Management from M.I.T.'s Sloan School of Management, and two Bachelor's Degrees, in Computer Science and Economics, from Washington State University and St. Stephens College, New Delhi, respectively. He lives in Newton, Massachusetts.

In his new book Inside Money: Brown Brothers Harriman and the American Way of Power, the prolific Zachary Karabell uses the history of Brown Brothers Harriman to follow the arc of American political economy, from the muscular capitalism of the early generations of the Brown family in the 19th century, to their maturation as genteel private bankers in the 20th century, to the sense of service of the BBH partners when they were regularly called to Washington from the 1930s through the 1960s. It is a (mostly) positive tale about American history, American finance, American economic growth and innovation.  That makes it …