Podcasts about central banks

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public institution that manages a state's currency, money supply, and interest rates

  • 986PODCASTS
  • 2,773EPISODES
  • 30mAVG DURATION
  • 2DAILY NEW EPISODES
  • Dec 2, 2021LATEST
central banks

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Best podcasts about central banks

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Latest podcast episodes about central banks

American Consequences With Trish Regan
Brace Yourself: Mass Inflation Warning

American Consequences With Trish Regan

Play Episode Listen Later Dec 2, 2021 33:41


Just as Fed Chairman Jerome Powell warns that the Central Bank may need to reduce its monetary stimulus faster than expected, the U.S. Economy is getting hit by the Omicron variant. Banking legend Bill Rhodes, president, and CEO of William R. Rhodes Global Advisors as well as the former senior vice chairman and former senior international officer of Citigroup join Trish with a warning: Stagflation is coming. Rhodes led Citigroup as Vice Chairman and was responsible for the restructuring of debt agreements for countries all over the world. The monetary policy similarities between what some of the most challenged emerging markets have engaged in... and what our Federal Reserve has encouraged, could send us into an environment of hyperinflation... or even stagflation. Rhodes tells us it's time for Powell to channel Paul Volcker. Rhodes also shares memories with Trish of his good friend Paul Volcker and the time they shared as office mates together shortly before Volcker's death in 2019.

Making Sense
Reading Dr. Pippa Malmgren: WW3 Has Already Started [Macropiece Theater, Ep. 172]

Making Sense

Play Episode Listen Later Dec 2, 2021 14:00


An uncomfortable truth: WWIII is not on the horizon, it is here. Militaries around the world are in a state of high-alert. “Sub-threshold" events are occurring with increasing frequency. War is digitizing. A reading, by Emil Kalinowski.----------WHO----------Dr. Pippa Malmgren, author, economist, former White House advisor, entrepreneur and venture capitalist, is a well-recognized female voice in financial and geopolitical circles. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "Alegro" by TAGE at Epidemic Sound.----------WHAT----------WWIII Has Already Started: https://drpippa.substack.com/p/wwiii-has-already-started----------WHERE----------Pippa's Substack: https://drpippa.substack.com/Pippa's Twitter: https://twitter.com/DrPippaMPippa's Website: https://pippamalmgren.co.uk/index.htmlEmil's Twitter: https://twitter.com/EmilKalinowskiDavid's Art: https://davidparkins.com/---------HEAR IT----------Vurbl: https://bit.ly/3rq4dPn Apple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr

Steve Forbes: What's Ahead
Spotlight: Turkish Lira Plunges And Inflation Surges: Is The U.S. Becoming Like Turkey?

Steve Forbes: What's Ahead

Play Episode Listen Later Dec 2, 2021 3:29


In Turkey the official inflation rate is 20% (more than three times that of the U.S.), the unofficial one is worse and worsening. But when it comes to inflation, is the U.S. becoming like Turkey? Steve Forbes on the recent inflation surges and disturbing similarities between the Central Bank of the Republic of Turkey's and the Federal Reserve's ability to fight inflation.Steve Forbes shares his What's Ahead Spotlights each Tuesday, Thursday and Friday.

Making Sense
Reading Matt Stoller: Economists label Cattle Ranchers "Emotional", then Defend Beef Monopoly [Macropiece Theater, Ep. 171]

Making Sense

Play Episode Listen Later Dec 1, 2021 32:00


Agricultural economists manipulated data to block Congress from acting on high beef prices and the destruction of independent cattle ranching. Why? Because they think monopolies are good. A reading, by Emil Kalinowski.----------WHO----------Matt Stoller, author of the 2019 book "Goliath: The 100-Year War Between Monopoly Power and Democracy", is a fellow at the Open Markets Institute and advises policymakers on the problem of monopoly. He has lectured on competition policy around the world and his writing has appeared in various news media and publications. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "Alegro" by TAGE at Epidemic Sound.----------WHAT----------Economists to Cattle Ranchers: Stop Being So Emotional About the Monopolies Devouring Your Family Businesses: https://bit.ly/3nZBP7g----------WHERE----------Stoller's Book: https://bit.ly/2YTD5iBStoller's Substack: https://mattstoller.substack.com/Stoller's Twitter: https://twitter.com/matthewstollerEmil's Twitter: https://twitter.com/EmilKalinowskiDavid's Art: https://davidparkins.com/---------HEAR IT----------Vurbl: https://bit.ly/3rq4dPn Apple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr

CB On Air
Ryan Flood on central bank data management frameworks

CB On Air

Play Episode Listen Later Dec 1, 2021 17:11


Ryan Flood, chif technology officer for Vizor Software, talks about the importance of granular data and why central banks need to invest in both their data models and their staff

Podcast | ice age farmer
Central Banks launch Digital Currencies – Perfect Technocratic Control

Podcast | ice age farmer

Play Episode Listen Later Dec 1, 2021


Every central bank in the world is rushing to launch a digital currency…but why? And who is pulling the strings behind the scenes? As it turns out, we don’t need a ‘social credit score’ when money itself is used to control our behavior. Christian breaks down the reality behind this global, synchronous push for digital […]

Daily Crypto Report
"Central Bank of Indonesia Says It: CBDC a Tool to Combat Crypto" - November 30, 2021

Daily Crypto Report

Play Episode Listen Later Nov 30, 2021 2:56


Today's blockchain and cryptocurrency news Brought to you by ungrocery.com Central Bank of Indonesia Says It: CBDC a Tool to Combat Crypto Binance CEO Reveals Key Factor to be Listed DMG Blockchain Solutions Buys 1,800 New Antminers

Making Sense
Reading Adam Tooze: Global Food Price (Crisis?) [Macropiece Theater, Ep. 170]

Making Sense

Play Episode Listen Later Nov 30, 2021 23:00


According to the FAO Food Price Index, the cost of food has surged in real terms to levels last seen in the 1970s - during the Great Inflation. But another data set, by the OECD shows no such surge at all. What's going on? Is there a food price crisis, or not? A reading, by Emil Kalinowski.----------WHO----------Adam Tooze, author of the 2021 book "Shutdown: How Covid Shook the World's Economy", a professor of history at Columbia University. His 2018 book "Crashed" was the winner of the Lionel Gelber Prize, a New York Times Notable Book of 2018, one of The Economist's Books of the Year, and a New York Times Critics' Top Book. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "Alegro" by TAGE at Epidemic Sound.----------WHAT----------Chartbook #47: Crisis Talk - Global Food Prices: https://bit.ly/3cWhB88----------WHERE----------Adam's Book: https://adamtooze.com/shutdown/Adam's Substack: https://adamtooze.substack.com/Adam's Website: https://adamtooze.com/Adam's Twitter: https://twitter.com/adam_toozeEmil's Twitter: https://twitter.com/EmilKalinowskiDavid's Art: https://davidparkins.com/---------HEAR IT----------Vurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr

TalkingTrading
Hot Property

TalkingTrading

Play Episode Listen Later Nov 29, 2021 16:56


Property prices and the economic picture with Jonathan Barratt Louise Bedford – Mindpower Listen to Louise's episode on how negativity bias can affect your trading.     Jonathan Barratt The housing market has boomed. House prices around Australia have surged. What does this mean for investors? Jono looks at record low-interest rates in Australia and around the world, the direction Central Banks are heading and what this means for buyers. Also, what do investors need to be aware of when securing loans and how to be safe when taking on debt and structuring their finance.       Photo by Tierra Mallorca on Unsplash

Making Sense
Reading Allison Fedirka: Fertilizers & Food Insecurity [Macropiece Theater, Ep. 169]

Making Sense

Play Episode Listen Later Nov 29, 2021 15:00


Fertilizer is a critical input to global food production but circumstances have conspired to throw a spanner into the food supply chain works. The supply and demand imbalances have caused a spike in fertilizer prices and, consequently, raised the costs of producing food. Who will pay for these increases? Farmers? Consumers? Is a period of food insecurity ahead? How long might it last? A reading, by Emil Kalinowski.----------WHO----------Allison Fedirka of Geopolitical Futures. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "Alegro" by TAGE at Epidemic Sound.----------WHAT----------Fertilizers and Food Insecurity: https://bit.ly/3I12ZlR----------WHERE----------Allison Fedirka's Writings: https://geopoliticalfutures.com/author/afedirka/Allison Fedirka's Twitter: https://twitter.com/afedirkaGeopolitical Futures: https://geopoliticalfutures.com/Geopolitical Futures Twitter: https://twitter.com/gpfuturesEmil's Twitter: https://twitter.com/EmilKalinowskiDavid's Art: Art: https://davidparkins.com/---------HEAR IT----------Vurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr

Making Sense
Red or Blue Pill? Bonds say Powell will opt for Blue [Eurodollar University, Ep. 168]

Making Sense

Play Episode Listen Later Nov 28, 2021 59:00


PART 01: Jay Powell has been nominated by President Biden to serve another term as the Federal Reserve chair. Though his nomination has not even been heard by the US Congress, another group of people has already passed judgement on the second term: the bond market (and they say it'll be a failure!).PART 02: The Federal Reserve, and other central banks, buy tremendous amounts of government securities and this should impact bond prices. Should, but doesn't. That's because there's an even more powerful force than the Fed, the bond market itself. We review the 2007-19 evidence.PART 03: The nominal value of Chinese imports of iron ore, German exports and Japanese exports all look pretty, pretty good. But the unit volume is pretty, pretty awful. There are fewer units being utilized! This is an economic warning that is presently hidden behind hire prices (value = unit * price).----EP. 168 REFERENCES----#continuity The Least Useful Person: https://bit.ly/3r4k8VNSorry Jay, Curve(s) #continuity Is Not A Good Thing: https://bit.ly/3DP5XYnNo, The Fed Does *Not* Rig The Bond Market And It Only Takes Five Seconds To Debunk This Myth: https://bit.ly/3CLJMRuHow the Fed Rigs the Bond Market: https://on.wsj.com/3p0eC3VThe ‘Growth Scare' Keeps Growing Out Of The Macro (Money) Illusion: https://bit.ly/3cM2j5tAlhambra Investments Blog: https://bit.ly/2VIC2wWlinRealClear Markets Essays: https://bit.ly/38tL5a7-------SHOW SPONSOR-------Macropiece Theater with Emil Kalinowski (a/k/a Alistair Cooke, a/k/a Alistair Cookie) reading the latest essays, blog posts, speeches and excerpts from economics, geopolitics and more. Interesting people write interesting things, why not listen and hear what they have to say? You could do worse things with your time (i.e. Bloomberg, CNBC, et cetera). Recent readings include thoughts from: Adam Smith, Arthur Schopenhauer, Bank for International Settlements, George Friedman, J.P. Koning, Jean-Paul Sartre, Karl Marx, Liberty Street Economics, Lyn Alden, Maroon Macro, Matt Stoeller, Michael Pettis, Myrmikan, Perry Mehrling, Robert Breedlove, Rohan Grey, Velina Tchakarova and yes, even Jeff Snider.-----SEE ALL EPISODES-----Alhambra YouTube: https://bit.ly/2Xp3royEmil YouTube: https://bit.ly/310yisL----HEAR ALL EPISODES-----Vurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr---------THE TEAM---------Jeff Snider, Head of Global Investment Research for Alhambra Investments. Illustrations by David Parkins, myth maker. Audio and video editor, The Terence. Logo design by pixelist Lisa Jiang. Master of ceremonies, Emil Kalinowski. Podcast intro/outro is "Turquoise Waves" by Sarah, the Illstrumentalist found at Epidemic Sound.------FIND THE TEAM-------Jeff: https://twitter.com/JeffSnider_AIPJeff: https://alhambrapartners.com/author/jsnider/Emil: https://twitter.com/EmilKalinowskiEmil: https://www.EuroDollarEnterprises.comDavid: https://DavidParkins.com/Terence: https://www.VisualFocusMedia.comLisa: http://Lisa-Jiang.com/Lisa: https://twitter.com/@Nylonnerves

Unfiltered Finance
Rising Rates and Fixed Income - Part Two

Unfiltered Finance

Play Episode Listen Later Nov 26, 2021 17:26


No one can completely predict the direction of inflation expectations. This fact makes speculative investing a risky proposition. In this episode, we continue our discussion of a potential interest rate increase, and the possible effects bond investors may face. Once again we are joined by Symmetry's Chief Investment Strategist, Dr. John McDermott, and Managing Director of Investments & Research, Philip McDonald.  Visit us at www.symmetrypartners.com. You can also find us on Facebook, YouTube, Twitter, and LinkedIn. As always, we remain invested in your goals. Symmetry Partners, LLC, is an investment advisory firm registered with the Securities and Exchange Commission. The firm only transacts business in states where it is properly registered, excluded or exempted from registration requirements. Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. No one should assume that future performance of any specific investment, investment strategy, product or non-investment related content made reference to directly or indirectly in this material will be profitable. As with any investment strategy, there is the possibility of profitability as well as loss. Due to various factors, including changing market conditions and/or applicable laws, the content may not be reflective of current opinions or positions. Please note the material is provided for educational and background use only. Moreover, you should not assume that any discussion or information contained in this material serves as the receipt of, or as a substitute for, personalized investment advice.

Making Sense
Reading the BIS: Bottlenecks & Macro Implications [Ep. 167, Macropiece Theater]

Making Sense

Play Episode Listen Later Nov 25, 2021 26:00


The Bank for International Settlements observes that bottlenecks in the supply of commodities, intermediate goods and freight transport have given rise to volatile prices and delivery delays. These disruptions have been particularly severe in upstream industries and have led to large international spillovers through global value chains. On the one hand, the inflationary effect of bottlenecks will likely be limited after relative prices have adjusted. But sustained  pressures could emerge if bottlenecks persist long enough to trigger an upward shift in wage growth and inflation expectations. A reading, by Emil Kalinowski.----------WHO----------Daniel Rees and Phurichai Rungcharoenkitkul of the Bank for International Settlements. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "Alegro" by TAGE at Epidemic Sound.----------WHAT----------Bottlenecks - causes and macroeconomic implications: https://bit.ly/3DPMx5LWhy Do We Think That Inflation Expectations Matter for Inflation? (And Should We?): https://bit.ly/3FKH54B----------WHERE----------BIS Website: https://www.bis.org/BIS Twitter: https://twitter.com/BIS_orgEmil's Twitter: https://twitter.com/EmilKalinowskiDavid's Art: https://davidparkins.com/---------HEAR IT----------Vurbl: https://bit.ly/3rq4dPn Apple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr

Fed Watch - Bitcoin and Macro
Fed Breaks Ranks with ECB, European Debt Crisis 2? - FED 71

Fed Watch - Bitcoin and Macro

Play Episode Listen Later Nov 24, 2021 31:24


After a week off due to illness, we're back with a new episode of Bitcoin Magazine's “Fed Watch'' podcast. In this one, Christian Keroles and I sit down to talk about the mysterious competitive world of central banking. Topics include Powell's reappointment and, funnily enough, what it means for the ECB. There is an epic pivot in loyalties happening right now, as the Fed takes to heart its role as the US central bank and distances itself from a responsibility to Europe. 0:00 Welcome to Fed Watch #71 1:30 Comparing US Inflation to the ECB and BOJ 2:55 Tom Luongo the next Fed Watch Guest 3:38 Reappointing Jerome Powell as Federal Reserve Chairman 7:33 Central Banks Adressen Stabl eCoins, Bitcoin And Crypto Assets 12:37 The ECB and Central Bank digital Currencies 13:07 Europe is under Pressure 16:53 Bitcoin can Benefit from The current Situation in the EU 18:28 Speculative Attacks with Bitcoin 22:36 Europe in the weakest Makro Position 23:45 The Current Bitcoin Price Action 28:51 Go Follow: @AnselLindner & @Ck_Snarks   We start the episode with our first trivia winner. I wanted people to answer the question, if central bank balance sheets matter, why are the ECB and BOJ's inflation rates lower and balance sheets higher relative to GDP than the US's? Mitch (@wittyusername30) had the best answer. Congratulations. To paraphrase: central banks don't print money, they swap inert reserves for useful collateral. This has a deflationary pressure on the economy. Powell gets renominated as Chairman Powell was renominated by Biden for Fed Chairman, winning out over his competition, Lael Brainard. Several reasons were cited, like Powell's path through Senate confirmation is much easier, while Lael might meet with a split vote along partisan lines in a 50/50 Senate. Also, officials said Powell was being “rewarded” with another term for successfully shepherding the economy through the 2020 Covid recession. I view this appointment as having a deeper meaning. 1) We've talked at length on this show about Powell's refusal to go along with the Central Bank Digital Currency (CBDC) hype. Other central banks are pushing hard for CBDC, and Powell continuously splashes cold water on that idea. This symbolizes a break with globalist interests in favor of American banking interests. 2) Powell has faced rising Progressive opposition from Congress. Crazies, like Sen. Elizabeth Warren, have attacked him because he is not dovish enough and not buying into the Fed's role in climate policy. His reappointment is a repudiation of sorts against Progressives and their toxic ESG initiatives. 3) Lael is the more globalist-friendly choice. Powell symbolizes a break with globalists to a more America-centric policy. ECB Regulation and Panic Next, we jump right into ECB news. This week they released a new regulatory framework for electronic payments. The Eurosystem will use the new framework to oversee companies enabling or supporting the use of payment cards, credit transfers, direct debits, e-money transfers and digital payment tokens, including electronic wallets. The PISA framework will also cover crypto-asset-related services, such as the acceptance of crypto-assets by merchants within a card payment scheme and the option to send, receive or pay with crypto-assets via an electronic wallet. ECB Press Release This stands in stark contrast to the US, where the White House and Treasury tried to carve out a bitcoin exception in the recent Infrastructure Bill, which ironically was thwarted by altcoiners wanting to protect scams that are Decentralized In Name Only (DINOs). The ECB is scared that the Euro will lose market share in the years to come, whittling away their “monetary sovereignty”. They want to block competition from dollar stablecoins and bitcoin, while at the same time provide the market with a digital Euro. A digital Euro the market hasn't seen fit to provide itself by the way. It was during the peak of EDC1, that bitcoin first established itself and rallied in the bitcoin bubble of 2011 to $30. Could we see a repeat 30x rally this time? Probably not that much, but a massive rally is in the cards in the coming year. Thanks for listening. If you found this episode informational, please share and give us a rating on iTunes so others can find the show! Links Biden Keeps Powell as Fed Chief, Elevates Brainard to Vice Chair https://archive.ph/9j4PA Eurosystem publishes new framework for overseeing electronic payments https://www.ecb.europa.eu/press/pr/date/2021/html/ecb.pr211122~381857cdfe.en.html Written by Ansel Lindner Economist, bitcoin specialist, and author of the Bitcoin Dictionary and the free weekly Bitcoin Fundamentals Report. Find more from Ansel at the bitcoinandmarkets.com    

Making Sense
Reading Matt Stoller: Will Monopolies Steal the Infrastructure Money? [Ep. 166, Macropiece Theater]

Making Sense

Play Episode Listen Later Nov 24, 2021 34:00


We are now in a giant parking lot game that threatens the global economy. Thank deregulation and the Ocean Shipping Reform Act of 1998. A reading, by Emil Kalinowski.----------WHO----------Matt Stoller is a fellow at the Open Markets Institute and advises policymakers on the problem of monopoly. He has lectured on competition policy around the world and his writing has appeared in various news media and publications. In 2019 he authored Goliath: The 100-Year War Between Monopoly Power and Democracy. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "Alegro" by TAGE at Epidemic Sound.----------WHAT----------Too Big to Sail: How a Legal Revolution Clogged Our Ports: https://bit.ly/3CxOXoa----------WHERE----------Stoller's Substack: https://mattstoller.substack.com/Stoller's Book: https://bit.ly/2YTD5iBStoller's Twitter: https://twitter.com/matthewstollerEmil's Twitter: https://twitter.com/EmilKalinowskiDavid's Art: https://davidparkins.com/---------HEAR IT----------Vurbl: https://bit.ly/3rq4dPn Apple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr

The Leighton Smith Podcast
Leighton Smith Podcast Episode 138 - November 24th 2021

The Leighton Smith Podcast

Play Episode Listen Later Nov 24, 2021 80:33


On this week's podcast:The very clever Jeffrey A. Tucker of Brownstone Institute returns to pick up from where we left off in podcast 129. We talk Inflation and the threat it is, the damage it can and will inflict, and what the Central Banks can do about it (essentially nothing).Tucker also revisits the Covid plague, and discloses why Bill Gates is crazy.And we visit the Mailroom, with all your correspondence.File your comments and complaints at Leighton@newstalkzb.co.nzHaven't listened to a podcast before? Check out our simple how-to guide.Listen here on iHeartRadioLeighton Smith's podcast also available on iTunes:To subscribe via iTunes click here

Making Sense
Reading Singapore Bullion Market Assoc.: Silver to the Stratosphere [Ep. 165, Macropiece Theater]

Making Sense

Play Episode Listen Later Nov 23, 2021 19:00


Silver's decade ahead maybe a perfect storm of demand for government-mandated green investment and of inflation by government-enforced financial repression. Move over 'gold bugs', silver fever is coming. A reading, by Emil Kalinowski.----------WHO----------The Singapore Bullion Market Association, represents bullion banks, exchanges, refineries, merchants and logistics companies. The SBMA now plays a pivotal role in the development of Singapore as one of the most global centres of connectivity for precious metals. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "Alegro" by TAGE at Epidemic Sound.----------WHAT----------Silver to the Stratosphere: https://bit.ly/3cdWnlH----------WHERE----------SBMA's Website: https://www.sbma.org.sg/SBMA's Twitter: https://twitter.com/SBMA1993Emil's Twitter: https://twitter.com/EmilKalinowskiDavid's Art: https://davidparkins.com/---------HEAR IT----------Vurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr

CB On Air
Lars Schröder and Marcus Gullers: cloud adoption among central banks

CB On Air

Play Episode Listen Later Nov 23, 2021 13:20


Skysparc's Lars Schröder and Marcus Gullers reflect upon the challenges associated with cloud computing and why central banks should adopt the technology

Alpha Exchange
Andrew Lapthorne, Global Head of Quantitative Research, Societe Generale

Alpha Exchange

Play Episode Listen Later Nov 22, 2021 56:03


Now the Global Head of Quantitative Research at Soc Gen, Andrew Lapthorne got an early taste in unconventional macro thinking from the likes of Albert Edwards and James Montier. Over a career spanning 25 years, Andrew has engaged in the study of market prices, seeking understanding in their levels and volatilities both on an absolute and relative basis. Out of this work comes a framework for helping investors identify, capture and defend against risk exposures. Our conversation considers some of the market vol episodes most formative to Andrew's process. And here we travel all they way back to the late 1990's when, post the Asian crisis, disinflation began to travel around the world, depressing bond yields and leading to increasingly active Central Banks. The result, a tech bubble and substantial de-rating of all assets cyclical. The GFC was, unsurprisingly, greatly instructive for Andrew as well, helping him appreciate the Merton “distance to default” risk that equity investors are subject to. In the balance of our discussion, we consider the here and now and learn of the work that Andrew and his team are doing for clients seeking refuge from inflation. In this context, he's suggested that bond investors use “dangerous equity to hedge safe bonds”, an idea that identifies certain stocks, like those driven by an underlying commodity, as performing strongly during inflationary periods. I hope you enjoy this episode of the Alpha Exchange, my conversation with Andrew Lapthorne.

Making Sense
Applying Lipstick to the Hog [Eurodollar University, Ep. 164]

Making Sense

Play Episode Listen Later Nov 22, 2021 64:03


PART 01: America's September 2021 Treasury International Capital data corroborates dis/deflationary indications observed across various sources, the vast majority of which imply there's not enough money, and/or it's inadequately distributed, for the global economy to achieve permanent recovery.PART 02: Beijing reconfirmed what was made clear in 2017, during the 19th National Party Congress: the economic boom was over and it is time to prepare for it. If anyone in the West would care to listen, the Central Committee is referring not only to China but the entire global economy.PART 03: M1 and M2 once informed central bank decisions. But the monetary aggregates were so narrowly defined that they were, in effect, mere keyholes that offered policymakers an unsatisfactory, and often-enough misleading, peek into the great monetary hall.----EP. 164 REFERENCES---TIC: Consistent, Coherent, Corroborated, Inflation Never Had A Chance: https://bit.ly/3cDfqpOChinese Ice Cream: https://bit.ly/3kPgTO4We Can't Depend On the Ms, Which Only Produce Bad Vs: https://bit.ly/3wZexRAIs M2 The Money Behind Inflation? If Not, What Is (Or Isn't)?: https://bit.ly/3DAH5n1Alhambra Investments Blog: https://bit.ly/2VIC2wWlinRealClear Markets Essays: https://bit.ly/38tL5a7-------SHOW SPONSOR-------Macropiece Theater with Emil Kalinowski (a/k/a Alistair Cooke, a/k/a Alistair Cookie) reading the latest essays, blog posts, speeches and excerpts from economics, geopolitics and more. Interesting people write interesting things, why not listen and hear what they have to say? You could do worse things with your time (i.e. Bloomberg, CNBC, et cetera). Recent readings include thoughts from: Adam Smith, Arthur Schopenhauer, Bank for International Settlements, George Friedman, J.P. Koning, Jean-Paul Sartre, Karl Marx, Liberty Street Economics, Lyn Alden, Maroon Macro, Matt Stoeller, Michael Pettis, Myrmikan, Perry Mehrling, Robert Breedlove, Rohan Grey, Velina Tchakarova and yes, even Jeff Snider.-----SEE ALL EPISODES-----Alhambra YouTube: https://bit.ly/2Xp3royEmil YouTube: https://bit.ly/310yisL----HEAR ALL EPISODES-----Vurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr---------THE TEAM---------Jeff Snider, Head of Global Investment Research for Alhambra Investments. Illustrations by David Parkins, swine satirist. Audio and video editor, The Terence. Logo design by pixelist Lisa Jiang. Master of ceremonies, Emil Kalinowski. Podcast intro/outro is "Different Days" by Chill Cole found at Epidemic Sound.------FIND THE TEAM-------Jeff: https://twitter.com/JeffSnider_AIPJeff: https://alhambrapartners.com/author/jsnider/Emil: https://twitter.com/EmilKalinowskiEmil: https://www.EuroDollarEnterprises.comDavid: https://DavidParkins.com/Terence: https://www.VisualFocusMedia.comLisa: http://Lisa-Jiang.com/Lisa: https://twitter.com/@Nylonnerves

Making Sense
Reading Adam Tooze: Populist Money, Back Then and Right Now [Ep. 163, Macropiece Theater]

Making Sense

Play Episode Listen Later Nov 21, 2021 34:00


In 1896 a great political battle erupted over monetary policy in the United States. That battle and its lessons are relevant today. A reading, by Emil Kalinowski.----------WHO----------Adam Tooze, economist, author and historian. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "Alegro" by TAGE at Epidemic Sound.----------WHAT----------Chartbook #44: The Cross of Gold - populism, democratic iterations and the politics of money: https://bit.ly/3otXhQx----------WHERE----------Adam's Substack: https://adamtooze.substack.com/Adam's Website: https://adamtooze.com/Adam's Twitter: https://twitter.com/adam_toozeEmil's Twitter: https://twitter.com/EmilKalinowskiDavid's Art: https://davidparkins.com/---------HEAR IT----------Vurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr

Making Sense
Reading Jeff Snider: The Wage/Economy Illusion [Ep. 162, Macropiece Theater]

Making Sense

Play Episode Listen Later Nov 20, 2021 13:00


China's imports of iron value is soaring, which signals a booming economy. A closer look reveals that it is iron prices which are soaring but volume - the real stuff, the real goods - is falling. What does that signal? That the world has fallen for an "booming economy" illusion. A reading, by Emil Kalinowski.----------WHO----------Jeff Snider of Alhambra Investments. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "Alegro" by TAGE at Epidemic Sound.----------WHAT----------The Wage/Economy Illusion: https://bit.ly/3ngQ7jz----------WHERE----------Jeff's Alhambra Blog: https://bit.ly/2VIC2wWJeff's RealClearMarkets Essays: https://bit.ly/38tL5a7Jeff's Twitter: https://twitter.com/JeffSnider_AIPEmil's Twitter: https://twitter.com/EmilKalinowskiDavid's Art: https://davidparkins.com/---------HEAR IT----------Vurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr

Making Sense
Reading Jeff Snider: Trade Price Boom hides Trade Volume Bust [Ep. 161, Macropiece Theater]

Making Sense

Play Episode Listen Later Nov 19, 2021 15:00


Trade appears to be booming in Germany and China, but a closer look reveals that the gains are concentrated in "price" and when we isolate "volume" of goods traded an entirely different, and ugly-ugly-ugly picture emerges. A reading, by Emil Kalinowski.----------WHO----------Jeff Snider of Alhambra Investments. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "Alegro" by TAGE at Epidemic Sound.----------WHAT----------Global Trade and Global Prices, China and Germany's ‘Growth Scare': https://bit.ly/3DaZ3fI----------WHERE----------Jeff's Alhambra Blog: https://bit.ly/2VIC2wWJeff's RealClearMarkets Essays: https://bit.ly/38tL5a7Jeff's Twitter: https://twitter.com/JeffSnider_AIPEmil's Twitter: https://twitter.com/EmilKalinowskiDavid's Art: https://davidparkins.com/---------HEAR IT----------Vurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr

The Money Show
SA's central bank forced to increase the repo by 0.25 basis points to 3.75% due to high inflation

The Money Show

Play Episode Listen Later Nov 18, 2021 76:11


Dr Thabi Leoka, economist discusses SARB's MPC's decision to increase the repo rate amid rising inflation. Bruce Whitfield goes through financial results of Investec and Life Healthcare with the company's executive. On personal finance, Warren Ingram personal financial advisor and executive director at Galileo Capital on ignoring the headlines when you make investment decisions.  See omnystudio.com/listener for privacy information.

Making Sense
Interviewing Russell Napier: What the Asian Financial Crisis Wrought [Ep. 160]

Making Sense

Play Episode Listen Later Nov 18, 2021 50:54


Author, reformed lawyer, economic historian and your man from Belfast, Russell Napier, explains why the 1995-98 Asian Financial Crisis set the stage for the Age of Debt (1999-2020) and the coming Era of Financial Repression (2021-??).----RUSSELL NAPIER BIOGRAPHY---Russell is chairman of the Mid Wynd International Investment Trust a closed end investment vehicle listed on the London Stock Exchange. He is a member of the investment advisory committees of three fund management companies, Cerno Capital and Kennox Asset Management and Bay Capital.  In 2014 Russell founded the charitable venture The Library of Mistakes a business and financial history library in Edinburgh that now has branches in India and Switzerland.  Russell has degrees in law from Queen's University Belfast and Magdalene College Cambridge. He is a Fellow of The CFA Society of the UK and is an Honorary Professor at both Heriot- Watt University and The University of Stirling. His second book which covers the events of the Asian financial crisis and the lessons to be learned from it was published in July 2021.----RUSSELL NAPIER CONTACT-----• The Asian Financial Crisis 1995-98: https://bit.ly/3oAkBMB• Online Course: https://www.didaskoeducation.org/• Research (institutional): https://www.eri-c.com/• Research (individual): https://russellnapier.co.uk/• Library of Mistakes (Website): https://www.libraryofmistakes.com/• Library of Mistakes (Twitter): https://twitter.com/EdinburghLoM---RUSSELL NAPIER INTERVIEWS---• @MacroVoices (Oct21): https://bit.ly/2Z57o5h• @kofinas (Jul21) https://bit.ly/2WU23g4• @RonStoeferle (Mar21): https://bit.ly/3972Spj• @RealVision (Feb21): https://bit.ly/3tMYggF• @MacroVoices (Jan21): https://bit.ly/36Kn5jx• @MoneyWeek (Dec20): https://bit.ly/3p9YDhL• @SantiagoAuFund (Nov20): https://bit.ly/39VMokv• @ttmygh (Aug20): https://bit.ly/3txCmxV• @TheMarket_CH (Jul20): https://bit.ly/3rsBXef• @MoneyWeek (Feb20): https://bit.ly/3tN2ncB-----SEE ALL EPISODES-----Alhambra YouTube: https://bit.ly/2Xp3royEmil YouTube: https://bit.ly/310yisL----HEAR ALL EPISODES-----Vurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr---------THE TEAM---------Jeff Snider, Head of Global Investment Research for Alhambra Investments. Master of ceremonies, Emil Kalinowski.------FIND THE TEAM-------Jeff: https://twitter.com/JeffSnider_AIPJeff: https://alhambrapartners.com/author/jsnider/Emil: https://twitter.com/EmilKalinowskiEmil: https://www.EuroDollarEnterprises.com

Audio Mises Wire
How Nigeria's Central Bank Inflates the Money Supply

Audio Mises Wire

Play Episode Listen Later Nov 18, 2021


The Nigerian central bank uses all the same tools as other central banks. And it uses them a lot. Original Article: "How Nigeria's Central Bank Inflates the Money Supply​​" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

Mises Media
How Nigeria's Central Bank Inflates the Money Supply

Mises Media

Play Episode Listen Later Nov 18, 2021


The Nigerian central bank uses all the same tools as other central banks. And it uses them a lot. Original Article: "How Nigeria's Central Bank Inflates the Money Supply​​" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

Conspiracy or Just a Coincidence?
The Secret Origins of WW1 pt 2: The war against the monarchy, false flags, psyops, corrupted press, central banks all tie into this event

Conspiracy or Just a Coincidence?

Play Episode Listen Later Nov 18, 2021 87:02


Support the show: www.conspiracyorjustacoincidence.com Thanks for listening everyone! --- Support this podcast: https://anchor.fm/jackallen1/support

Silver Bullion TV (SBTV)
190 Chris Powell - Central Banks Will Be Forced to Revalue Gold Upwards

Silver Bullion TV (SBTV)

Play Episode Listen Later Nov 17, 2021 45:41


SBTV spoke with Chris Powell, Secretary/Treasurer of the Gold Anti-Trust Action Committee (GATA), about the evidence that central banks can only slow down the rise of gold and why they will be forced to announce an upward revaluation of the gold price.

Making Sense
Interviewing Prof. Williamson: Are Gas Prices High? [Eurodollar University, Ep. 159]

Making Sense

Play Episode Listen Later Nov 17, 2021 40:57


An interview with Professor Samuel Williamson, economic historian and co-founder of MeasuringWorth.com, discusses gas prices in 2021 and whether they are high, or low, relative to history in terms of consumer prices and labor hours.--------REFERENCES--------Measuring Worth: https://bit.ly/36TfZZDMeasuring Worth Twitter: https://bit.ly/3BuZotfMeasuring Worth Blog: https://bit.ly/3rqyz4R-----HEAR EPISODE 159----Vurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr

RTÉ - Morning Ireland
Motor insurance companies see rise in profits

RTÉ - Morning Ireland

Play Episode Listen Later Nov 16, 2021 7:58


Seán Fleming, Minister of State at the Department of Finance, discusses the latest Central Bank report into the private motor insurance industry.

Making Sense
Reading Rohan Grey: Money is an Ecosystem and Language [Ep. 158, Macropiece Theater]

Making Sense

Play Episode Listen Later Nov 16, 2021 22:00


It is difficult  to define what money is because the term money can refer to different things in different contexts. Money is not just a thing or unit of measurement but an ecosystem, a layer of social infrastructure, a language - and a source of power. A reading, by Emil Kalinowski.----------WHO----------Rohan Grey, assistant professor at Willamette University College of Law, where he teaches contracts, business associations and securities regulation. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "Alegro" by TAGE at Epidemic Sound.----------WHAT----------What is Money?: https://bit.ly/30d7I2o----------WHERE----------Rohan's Website: https://rohangrey.net/Rohan's Twitter: https://twitter.com/rohangreyEmil's Twitter: https://twitter.com/EmilKalinowskiDavid's Art: https://davidparkins.com/---------HEAR IT----------Vurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr

Unfiltered Finance
Rising Rates and Fixed Income - Part One

Unfiltered Finance

Play Episode Listen Later Nov 15, 2021 26:23


Rising inflationary pressures associated with the post-COVID reopening have driven central banks like the Fed to begin to unwind some of the extraordinary steps they had taken to provide liquidity and stabilize markets during the pandemic.  One of the primary tools available to central banks to combat inflationary environments is the ability to influence interest rates.  When markets begin to anticipate an increase in interest rates, much is made about the potential losses bond investors could experience. Joining us today, to shed some light on the relationship between interest rates and fixed income, are Symmetry's Chief Investment Strategist, Dr. John McDermott, and Managing Director of Investments & Research, Philip McDonald.  Visit us at www.symmetrypartners.com. You can also find us on Facebook, YouTube, Twitter, and LinkedIn. As always, we remain invested in your goals. Symmetry Partners, LLC, is an investment advisory firm registered with the Securities and Exchange Commission. The firm only transacts business in states where it is properly registered, excluded or exempted from registration requirements. Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. No one should assume that future performance of any specific investment, investment strategy, product or non-investment related content made reference to directly or indirectly in this material will be profitable. As with any investment strategy, there is the possibility of profitability as well as loss. Due to various factors, including changing market conditions and/or applicable laws, the content may not be reflective of current opinions or positions. Please note the material is provided for educational and background use only. Moreover, you should not assume that any discussion or information contained in this material serves as the receipt of, or as a substitute for, personalized investment advice.

Making Sense
Next Fed Chair to be Theoretical Lexicographer [Eurodollar University, Ep. 157]

Making Sense

Play Episode Listen Later Nov 15, 2021 62:00


PART 01: Around the world data shows consumer prices are accelerating like we haven't seen in years, even decades. Why? Is it because politicians are wantonly giving away money? Are gluttonous central bankers printing cash? Is it a supply/demand imbalance? Is this the 1970s Great Inflation?PART 02: The "landmine" has been part of each of the four global/regional dollar squeezes of the past 14 years (2007-09, 2011-12, 2014-16, 2018-20). The "landmine" is when US Treasury Bond yields decline precipitously and signal that economic potential has been seriously maimed. Where are we in 2021? PART 03: The last time the Federal Reserve tapered its QE program the central bank spent HOURS and HOURS and HOURS and HOURS on determining which adjective to us. Adverbs. Dangling participles, onomatopoeia, clauses, subject and object. What was NOT discussed? Money. Credit. Collateral.---------SPONSOR----------Macropiece Theater with Emil Kalinowski (a/k/a Alistair Cooke, a/k/a Alistair Cookie) reading the latest essays, blog posts, speeches and excerpts from economics, geopolitics and more. Interesting people write interesting things, why not listen and hear what they have to say? You could do worse things with your time (i.e. Bloomberg, CNBC, et cetera). Recent readings include thoughts from: Adam Smith, Arthur Schopenhauer, Bank for International Settlements, George Friedman, J.P. Koning, Jean-Paul Sartre, Karl Marx, Liberty Street Economics, Lyn Alden, Maroon Macro, Matt Stoeller, Michael Pettis, Myrmikan, Perry Mehrling, Robert Breedlove, Rohan Grey, Velina Tchakarova and yes, even Jeff Snider.-----SEE EPISODE 157------Alhambra YouTube: https://bit.ly/2Xp3royEmil YouTube: https://bit.ly/310yisL-----HEAR EPISODE 157----Vurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr----EP. 157c REFERENCES---What Does The Rest of the Market Think About The ‘Epic' CPI (TIPS, breakevens, even consumers themselves): https://bit.ly/30dfJ8hHow Can A CPI Now Above Six Price Like This?: https://bit.ly/3c1ScsXLandmine Review: The Big One: https://bit.ly/3EXXEJYLandmine Lurking, Gotta Make Tantrum Happen Before It's Too Late (again): https://bit.ly/3wBZ3miWhat Does Taper Look Like From The Inside? Not At All What You'd Think: https://bit.ly/3C77qYfAlhambra Investments Blog: https://bit.ly/2VIC2wWlinRealClear Markets Essays: https://bit.ly/38tL5a7-----------WHO-------------Jeff Snider, Head of Global Investment Research for Alhambra Investments and Emil Kalinowski. Art by David Parkins, lipstick lampoonist. Podcast intro/outro is "Moonshiner's Turn" by Martin Landström found at Epidemic Sound.

Macro Musings with David Beckworth
Ajmal Ahmady on the Afghan Economy and the Challenges Facing the Nation's Future

Macro Musings with David Beckworth

Play Episode Listen Later Nov 15, 2021 37:56


Ajmal Ahmady is the former governor of the Central Bank of Afghanistan and is now a senior fellow at the Harvard Kennedy School of Government. Ajmal joins Macro Musings to talk about his experience as a central bank governor in Afghanistan and the challenges now facing the nation's economy. Specifically, David and Ajmal discuss his unique role as the country's central bank chief, the structure of the Afghan monetary system, the state of the nation's economy moving forward, and more.   Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings   Ajmal's Twitter: @aahmady Ajmal's biography and profile: http://www.afghan-bios.info/index.php?option=com_afghanbios&id=4307&task=view&total=696&start=36&Itemid=2   Related Links:   Ajmal's Twitter thread about Afghanistan's collapse: https://twitter.com/aahmady/status/1427265049668636674?lang=en   *Why Afghanistan Fell: An Insider's Account of What Went Wrong* by Ajmal Ahmady https://www.foreignaffairs.com/articles/afghanistan/2021-10-11/why-afghanistan-fell   *Severe Drought Adds to Afghanistan's Woes, Endangering Millions as Economy Collapses* by Sune Engel Rasmussen https://www.wsj.com/articles/severe-drought-adds-to-afghanistans-woes-endangering-millions-as-economy-collapses-11633872935#:~:text=Severe%20Drought%20Adds%20to%20Afghanistan's,Millions%20as%20Economy%20Collapses%20%2D%20WSJ&text=The%20drought%20has%20compounded%20the,Taliban%20overthrew%20the%20previous%20government.    *Regional Power Back Aid for Afghanistan as Russia Hosts the Taliban* by Aljazeera https://www.aljazeera.com/news/2021/10/20/russia-hosts-taliban-for-talks-but-warns-no-recognition-for-now   David's blog: macromarketmusings.blogspot.com David's Twitter: @DavidBeckworth

Making Sense
Interviewing Bilal Hafeez: Three Red Lines, One Recession [Ep. 156, Eurodollar University]

Making Sense

Play Episode Listen Later Nov 13, 2021 47:40


China has cross three red lines - what are they?  Inflation is roaring red hot - why and will it last?  Next year is shaping up as a prime candidate for Recession 2022 - who believes that?----------WHO----------Bilal Hafeez is the Founder and CEO of Macro Hive – a leading independent research firm. Prior to Macro Hive, Bilal was Global Head of International Fixed Income Strategy at Nomura between 2016 and 2019. Before that Bilal held various senior roles at Deutsche Bank between 2002 and 2015 including Head of Multi-Asset Research, Advisor to the CEO, Head of Asia Research in Singapore and Global Head of Foreign Exchange Research. Bilal started his career at J.P. Morgan in 1998. During his sell-side career, Bilal was rated #1 market strategist by Euromoney and Institutional Investor for most years between 2004 and 2013. He also pioneered FX investment and smart beta benchmarks. Academically, Bilal was an Honorary Visiting Professor of Finance at Cass Business School. He studied Economics at St Johns College, Cambridge. Bilal lives with wife, two children, seven cats, four chickens, a beehive and one dog.Also, Jeff Snider of head of global research for Alhambra Investments. And Emil Kalinowski, master of ceremonies.----------WHERE----------Bilal's Twitter: https://twitter.com/bilalhafeez123Bilal's Website: https://macrohive.com/Jeff's Twitter: https://twitter.com/JeffSnider_AIPJeff's Website: https://alhambrapartners.com/author/jsnider/Emil's Twitter: https://twitter.com/EmilKalinowskiEmil's Website: https://www.eurodollarenterprises.com/---------HEAR IT----------Vurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr

Making Sense
Reading Jeff Snider: Cliffhanger - Unemployment Benefits [Ep. 155, Macropiece Theater]

Making Sense

Play Episode Listen Later Nov 12, 2021 8:00


Pandemic Unemployment Assistance benefits in the United States eliminated eight million income streams in September 2021. A reading, by Emil Kalinowski.----------WHO----------Jeff Snider of Alhambra Investments. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "Alegro" by TAGE at Epidemic Sound.----------WHAT----------The Wile E. Powell Inflation: Are We Really Just Going To Ignore The Cliff?: https://bit.ly/3H68ejJ----------WHERE----------Jeff's Alhambra Blog: https://bit.ly/2VIC2wWJeff's RealClearMarkets Essays: https://bit.ly/38tL5a7Jeff's Twitter: https://twitter.com/JeffSnider_AIPEmil's Twitter: https://twitter.com/EmilKalinowskiDavid's Art: https://davidparkins.com/---------HEAR IT----------Vurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr

Making Sense
Reading the FRBNY: International QE and No Inflation [Ep. 154, Macropiece Theater]

Making Sense

Play Episode Listen Later Nov 11, 2021 23:00


Does rapid central bank money creation resulting from large-scale purchases of government securities fuel inflation? A review of the experience in Britain, Europe and Japan.  A reading, by Emil Kalinowski.----------WHO----------Gianluca Benigno, assistant vice president and head of international research in the Federal Reserve Bank of New York's Research and Statistics Group with Paolo Pesenti, senior vice president and policy lead on monetary policy in the Bank's Research and Statistics Group. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "Alegro" by TAGE at Epidemic Sound.----------WHAT----------The International Experience of Central Bank Asset Purchases and Inflation: https://nyfed.org/306zCx0----------WHERE----------Liberty Street Economics Blog: https://libertystreeteconomics.newyorkfed.org/Liberty Street Economics Twitter: https://twitter.com/libertysteconEmil's Twitter: https://twitter.com/EmilKalinowskiDavid's Art: Art: https://davidparkins.com/---------HEAR IT----------Vurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr

Fed Watch - Bitcoin and Macro
Central Banks Clueless, Inflation and Growth - FED 70

Fed Watch - Bitcoin and Macro

Play Episode Listen Later Nov 10, 2021 54:02


In this episode of Bitcoin Magazine's “Fed Watch'' podcast, Christian Keroles and I sat down to give an update on Fed news and central bank activity around the world. Topics in this episode include, people at the Federal Reserve and their positions, the Fed Stability Report, Treasury curve update and inversions, the inflation narrative, ECB and BoJ updates, and of course, bitcoin. Bitcoin Day Kansas City First, Christian and I debriefed the recent Bitcoin Day event in Kansas City where I spoke about the end of the dollar system as we know it. It was a great event, with another one coming up in Sacramento early next year. I might try getting one down in Jacksonville next year as well, so be watching out for that. Fed News Next, we jump right into Fed news, starting with the resignation of Quarles. This was kind of a surprise since he had over 10 years left in his term. He has recently faced some backlash from progressive members of Congress, along with Powell, as slightly more hawkish members of the Fed who ignore MMT (modern monetary theory) nut-jobs.  This resignation has a chess move aspect to it. Brainard, who has recently been threatening to take Powell's job as Chairman, was first favored for Quarles' position as Head of Supervision. With him gone, Brainard now has an easy path to simply fill that role, leaving Powell basically uncontested for the Chairman reappointment. These moves might seem insignificant to those who are unaware of the shifting tide within the central bank elite. Most central bankers around the world are looking to MMT and CBDCs (central bank digital currencies) as a way to break out of the debt trap and deflationary environment which the world finds itself in. Powell has the most important central bank job in the world. He has been standing in the way of that dangerous agenda. In a similar fashion to a geopolitical realignment, from NATO to AUKUS, Powell appears to represent the same division, from global concerns to national, within the central bank elites. Fed Stability Report This week the Federal Reserve published their biannual Stability Report. This report is meant to increase transparency of the Fed, to show the public what they are paying attention to, and what could possibly affect their monetary policy going forward. The main highlights from the report is the Fed's warning about a rising risk to risk assets. Of course, the mainstream financial press is going to hop on that with their usual gusto. Another interest warning from the report was about Evergrande and the rising risk of contagion out of China. We've been way ahead on this, talking about this very situation for months now. We all know the horrible shape that the Chinese economy is in, and that is slowly working its way into the mainstream investor consciousness. My prediction, based on the fact that this report came at basically the same time as the taper announcement, is that the Fed is setting up a scapegoat for when they have to eventually halt or reverse course on the taper. They will blame their “policy error” on China and the sheer power of their monetary policy. It's comical. Their monetary policy literally does nothing, else we'd have no problems to worry about. US Yield Curve Next we talk about yield curves. We aren't experts on the bond market, but we know that the bond market is much smarter than we are, and much smarter than the Fed. I highlight that the 20-year and 30-year yields are still inverted, along with the 5-year and 10-year breakevens. The latter being the most inverted in history! This should tell us that all is not well with this recent market action. Inflation expectations in the future are mixed, signaling a severe retracement in the “recovery” and the CPI. The inflation narrative is going rabid. It's gotten to the point where people are making fun of the transitory stance despite all signs to the contrary. It's as if the critics haven't looked at a chart recently. But nevermind, the inflation narrative is a huge bonus for bitcoin in the eyes of investors, while at the same time, the deflationary low growth fundamentals are also great for bitcoin. CPI comes out today, which we predict will be higher than last month (but still in a slowing trend) and cause even more rabid inflation propaganda benefiting bitcoin. Global Central Bank Update By comparison, there is little news from Europe and the ECB, or Japan and the BoJ. First for the ECB; it seems as though the ECB is a few months behind the Fed and is still driving home the transitory nature of this recent CPI spike. Mind you, their headline CPI was only 3% in September, where the US's was 5%.  The Bank of Japan has even less news to report on. They are stuck with very low inflation. Their headline number is 0.2%, and less food and energy is -0.5%. This is despite promising and actually being irresponsible in the QE and spending department. The BoJ is failing so badly in getting inflation, they have to come out weekly and reaffirm their dedication to being irresponsible and attempting to hit their 2% target. Next, I asked the audience to answer a question for this episode on twitter. You have to quote the Bitcoin Magazine tweet for the episode and tag me. “If the US is exporting inflation, why are the ECB and BOJ's inflation rates so much lower than the US's, especially when they have “printed” more money relative to GDP?” Why is the relationship actually inverse? The more a central bank seems to expand their balance sheet, the lower the inflation, even then the US is supposedly exporting inflation with the highest trade deficit ever. The best answer wins a copy of the Bitcoin Dictionary. We wrap up the show by discussing bitcoin in the context of what we are seeing out there in macro. How bitcoin is a source of growth for all who adopt it. We touch on many important topics in this last minute rip, like velocity of money, bitcoin vs traditional interest rates, surging energy prices, ESG shooting itself in the foot, and layer two fee dynamics with the base layer. Thanks for listening. If you found this episode informational, please share and give us a rating on iTunes so others can find the show! --------------------------------------------- Bitcoin Magazine is back in print! Get Bitcoin Magazine shipped directly to your front door! Get 21% off with promo code: MAG21 https://store.bitcoinmagazine.com/discount/MAG21?redirect=%2Fproducts%2Fbitcoin-magazine-annual-subscription   "The Deep Dive" delivers the latest Bitcoin on-chain market intelligence directly to your inbox! Check it out for free here! deepdivebtc.substack.com/welcome   Bitcoin 2022 will be the biggest Bitcoin conference ever! Miami, FL from April 6–9, 2022 Get 15% off tickets with promo code: MAG21 https://b.tc/conference/

Making Sense
Reading Adam Smith: Money and Labor, the Nominal and Real Price of Everything [Ep. 153, Macropiece Theater]

Making Sense

Play Episode Listen Later Nov 10, 2021 13:00


From Book I (Productive Powers Of Labour), Chapter V (Of The Real And Nominal Price Of Commodities, Or Of Their Price In Labour, And Their Price In Money). A reading, by Emil Kalinowski.----------WHO----------Adam Smith, the Scottish economist, philosopher, pioneer of political economy and a key figure of the Scottish Enlightenment. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "Alegro" by TAGE at Epidemic Sound.----------WHAT----------An Inquiry into the Nature and Causes of the Wealth of Nations: https://www.gutenberg.org/cache/epub/3300/pg3300-images.html----------WHERE----------Stanford's Encyclopedia of Philosophy entry on Smith: https://plato.stanford.edu/entries/smith-moral-political/Emil's Twitter: https://twitter.com/EmilKalinowskiDavid's Art: Art: https://davidparkins.com/---------HEAR IT----------Vurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr

Financial Sense(R) Newshour
Richard Turrin on China Going Cashless and the Coming of Central Bank Digital Currencies (Preview)

Financial Sense(R) Newshour

Play Episode Listen Later Nov 10, 2021 1:05


Nov 9 – FS Insider welcomes Richard Turrin, author of Cashless: China's Digital Currency Revolution, to discuss China's rapid adoption of cashless payments and its current transition over to a... Subscribe to our premium weekday podcasts: https://www.financialsense.com/subscribe

The John Batchelor Show
S4 Ep1797: Much too late for the Central Banks. #LondonCalling: @JosephSternberg @WSJOpinion

The John Batchelor Show

Play Episode Listen Later Nov 10, 2021 15:15


Much too late for the Central Banks. #LondonCalling:  @JosephSternberg @WSJOpinion https://www.msn.com/en-us/money/markets/inflation-us-wholesale-prices-hit-record-high-in-october/ar-AAQv4y7

Making Sense
Reading Jean-Paul Sartre: The Nature of Money [Ep. 152, Macropiece Theater]

Making Sense

Play Episode Listen Later Nov 9, 2021 9:00


From Being & Nothingness, Part Four (Having, Doing and Being), Chapter Two (Doing and Having), Part II ("Doing" and "Having" Possession). A reading, by Emil Kalinowski.----------WHO----------Jean-Paul Charles Aymard Sartre, the French philosopher, playwright, novelist, screenwriter, political activist, biographer and literary critic. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "Alegro" by TAGE at Epidemic Sound.----------WHAT----------Being and Nothingness: An Essay on Phenomenological Ontology----------WHERE----------Stanford's Encyclopedia of Philosophy entry on Sartre: https://plato.stanford.edu/entries/sartre/Emil's Twitter: https://twitter.com/EmilKalinowskiDavid's Art: Art: https://davidparkins.com/---------HEAR IT----------Vurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr

TRUNEWS with Rick Wiles
Fed Resignations: Marxists Could Seize Control of U.S. Central Bank

TRUNEWS with Rick Wiles

Play Episode Listen Later Nov 8, 2021 85:43


TruNews has questions about the bizarre deaths of young Astroworld concert attendees in Houston. We may also know the real reason why Joe Biden was evacuated from COP26 last week. The team addresses the CIA director's trip to Moscow, China's practice bombing of US Navy warships, and a possible power play by American communists to seize control of the US Federal Reserve.  Rick Wiles, Doc Burkhart.  Airdate 11/8/21.

Making Sense
Reading Perry Mehrling: Where's My Swap Line? [Ep. 151, Macropiece Theater]

Making Sense

Play Episode Listen Later Nov 8, 2021 40:00


The past two decades have seen the construction of a tiered system of international liquidity provision, the first tier including those whose credit is sufficient for a swap line, the second tier including those who can offer acceptable collateral, and the third tier including everyone else. It is a global dollar system, with the Fed operating de facto as the global central bank providing international lender of last resort support to the system. It is a system created not so much by conscious design, but rather as a pragmatic response to crisis, bit by bit over time. A reading, by Emil Kalinowski.----------WHO----------Perry Mehrling is a Professor of International Political Economy at the Pardee School of Global Studies, Boston University, where he teaches courses on the economics of money and banking, the history of money and finance and international money. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "Alegro" by TAGE at Epidemic Sound.----------WHAT----------A Money View of International Lender of Last Resort: https://bit.ly/3Ezqikv----------WHERE----------Perry's Website: https://sites.bu.edu/perry/Perry's Twitter: https://twitter.com/PMehrlingPerry's Coursera Course: https://bit.ly/31GRHiFEmil's Twitter: https://twitter.com/EmilKalinowskiDavid's Art: https://davidparkins.com/---------HEAR IT----------Vurbl: https://bit.ly/3rq4dPn Apple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr-----EURODOLLAR 101-----• @CatherineSchenk: https://bit.ly/3fFLMix• @JeffSnider_AIP: https://bit.ly/3ATBzdW• @BankOfEngland: https://bit.ly/30Hsx3G• @ResearchGate: https://bit.ly/3thkJm9• @ysi_commons: https://bit.ly/3pH4V95• @MacroVoices: https://bit.ly/3fX9fw4• @BundesBank: https://bit.ly/34tKsfc• @ICMAgroup: https://bit.ly/2VAPnYb• @PMehrling: https://bit.ly/31GRHiF• @CSissoko: https://bit.ly/3iFpoas• @BIS_org: https://bit.ly/2ZxIzzc

Making Sense
The Bonds, the Inflation and the CPI [Eurodollar University, Ep. 150]

Making Sense

Play Episode Listen Later Nov 7, 2021 73:03


PART 01: An early-1950s US consumer buying-binge sent the Consumer Price Index soaring. Inflation!? No. It was a transitory supply/demand imbalance brought on by (geo)political factors. The bond market knew it and didn't overreact. And what about the Federal Reserve? They overreacted.PART 02: We review the 1950s, 1960s, 1970s, 2000s and 2010s to study how bond yields reacted to persistent and pervasive monetary expansion, stagnation and contraction as well as how bond markets handled transitory consumer price shocks due to supply/demand imbalances.PART 03: What kind of foreign assets do you own PBOC?  Well, we are adding a lot of "other" right now.  "Other"?  Yes, "other".  What is that?  Don't worry about it.  What do you mean, 'Don't worry about it.'?  Just know that we're adding it, whatever it is - it's good.---------SPONSOR----------Macropiece Theater with Emil Kalinowski reading the latest essays, blog posts, speeches and excerpts from economics, geopolitics and more. Interesting people write interesting things, why not listen and hear what they have to say? You could do worse things with your time (i.e. Bloomberg, CNBC, et cetera). Recent readings include thoughts from George Friedman, Lyn Alden, Daniel Oliver, Michael Pettis, the Bank for International Settlements and yes, even Karl Marx.-----SEE EPISODE 150------Alhambra YouTube: https://bit.ly/2Xp3royEmil YouTube: https://bit.ly/310yisL-----HEAR EPISODE 150----Vurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr----EP. 150 REFERENCES---The Federal Reserve's Policy Deficit Has Always Been About Money: https://bit.ly/3bJsxFgDo Bonds Accurately Price Inflation? Since Before Any of Us Were Born: https://bit.ly/3ENEYfYChina's Central Bank Condition Has Consistently Told You Everything About Global (not) Inflation: https://bit.ly/2ZWb35QAlhambra Investments Blog: https://bit.ly/2VIC2wWlinRealClear Markets Essays: https://bit.ly/38tL5a7-----------WHO-------------Jeff Snider, Head of Global Investment Research for Alhambra Investments and Emil Kalinowski. Art by David Parkins . Podcast intro/outro is "Electro Animal" by Oh the City found at Epidemic Sound.

Making Sense
Reading Lyn Alden: A Resurgence in Value [Ep. 149, Macropiece Theater]

Making Sense

Play Episode Listen Later Nov 6, 2021 26:00


Lyn Alden's October newsletter focuses on value stocks compared to growth stocks and makes an argument for at least a mild resurgence of value performance. A reading, by Emil Kalinowski.----------WHO----------Lyn Alden of Lyn Alden Investment Strategy. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "Alegro" by TAGE at Epidemic Sound.----------WHAT----------A Resurgence in Value: https://bit.ly/3Cy3QHC----------WHERE----------Lyn's Website: https://www.lynalden.com/Lyn's Twitter: https://twitter.com/LynAldenContactEmil's Twitter: https://twitter.com/EmilKalinowskiDavid's Art: https://davidparkins.com/---------HEAR IT----------Vurbl: https://bit.ly/3rq4dPn Apple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr

Making Sense
Reading George Friedman: Sketching a 2022 Forecast [Ep. 148, Macropiece Theater]

Making Sense

Play Episode Listen Later Nov 5, 2021 11:00


George Friedman begins to look ahead at ideas and geographies that will and will not matter in the year 2022: Covid, China, Russia, Europe, the Middle East, the United States and even the Caribbean. A reading, by Emil Kalinowski.----------WHO----------George Friedman of Geopolitical Futures. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "Alegro" by TAGE at Epidemic Sound.----------WHAT----------Forecasting Time: https://bit.ly/3pNMxPf----------WHERE----------George Friedman's Writings: https://bit.ly/3gUl7msGeorge Friedman's Twitter: https://twitter.com/George_FriedmanGeopolitical Futures: https://geopoliticalfutures.com/Geopolitical Futures Twitter: https://twitter.com/gpfuturesEmil's Twitter: https://twitter.com/EmilKalinowskiDavid's Art: Art: https://davidparkins.com/---------HEAR IT----------Vurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr

Business Daily
Nigeria's eNaira: Africa's first digital currency

Business Daily

Play Episode Listen Later Nov 5, 2021 18:29


Central Banks around the world are introducing digital currencies and last month Nigeria became the first African country to launch one - the eNaira. But what is a digital currency and how are Nigerians reacting to theirs? We hear from people on the streets of Abuja. Tamasin Ford speaks to Rakiya Mohammed, director of information security at the Central Bank of Nigeria. Chinwe Egwim, chief economist at Coronation Merchant Bank in Lagos, explains why the eNaira has been introduced and the benefits it could have. Digital currency expert Josh Lipsky of the Atlantic Council puts the launch of the eNaira in the context of the others that are springing up all over the globe. Producer: Benjie Guy. (Picture: the eNaira mobile phone app. Credit: enaira.gov.ng)

Making Sense
Reading Jeff Snider: When Nobody's Looking, Past Economic Activity is Revised Downward [Ep. 147, Macropiece Theater]

Making Sense

Play Episode Listen Later Nov 4, 2021 15:00


The September 2021 reading for America's new orders of durable goods shows stagnation / stalling. It is likely much worse but we won't know it for several years, not until the benchmark revisions are performed. We've seen this before, in 2018. And 2014. And 2012. Don't be surprised this time. A reading, by Emil Kalinowski.----------WHO----------Jeff Snider of Alhambra Investments. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "Alegro" by TAGE at Epidemic Sound.----------WHAT----------The Enormously Important Reasons To Revisit The Revisions Already Several Times Revisited: https://bit.ly/3jSDbhq----------WHERE----------Jeff's Alhambra Blog: https://bit.ly/2VIC2wWJeff's RealClearMarkets Essays: https://bit.ly/38tL5a7Jeff's Twitter: https://twitter.com/JeffSnider_AIPEmil's Twitter: https://twitter.com/EmilKalinowskiDavid's Art: https://davidparkins.com/---------HEAR IT----------Vurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr