Podcasts about lehman bros

This week on The Fin, senior reporter Jonathan Shapiro and Chanticleer columnist James Thomson on what's going on in markets, how Australia is more exposed than ever, and why the Trump chaos is changing the world. This podcast is sponsored by Aussie Broadband.Further reading: Trump’s crisis is only beginning. It will make you question everything Chalmers is determined not to waste Trump crisis. But it will get ugly Viktor Shvets fears ‘Lehman Bros moment’ amid fresh tariff chaos The bond market teaches Trump the art of the squeal See omnystudio.com/listener for privacy information.

Tom Bodrovics welcomes back Professor Vince Lanci, MBA Finance and Publisher of the Goldfix Substack, and all-around nice guy for a discussion into the complexities of gold and silver markets, particularly focusing on shorting positions in ETFs like PSLV and SLV. Lanci explains that these metals are ideal for carry trades due to their indestructible nature, allowing banks to borrow and lease them easily. However, he highlights how increased physical demand, driven by central bank repatriation and tariffs, has strained this system, leading to potential short squeezes. Lanci discusses the differences between gold and silver markets, noting that while gold benefits from central bank backing, silver lacks such support, making it more vulnerable to supply shortages. He connects the rise in lease rates for silver to these market dynamics, suggesting that higher demand and logistical challenges are driving prices upward. Tom also touches on the impact of tariffs, which Lanci believes will further boost precious metal prices by accelerating de-dollarization. Additionally, Lanci addresses the shift in bank reports towards recognizing physical gold demand, particularly from central banks, as a key driver of price movements. Lastly, Lanci notes that financial institutions are increasingly recommending exposure to gold and silver miners, indicating a broader trend of investor interest in these sectors. Timestamp References:0:00 - Introduction2:00 - ETF Shorts & Hard Facts15:26 - PSLV Trade Vol. Chart18:40 - Silver & Short Spikes23:24 - Musical Chairs?25:34 - Naked Shorting Limits?29:09 - Silver Lease Rates31:35 - Silver/Gold Logistics40:50 - Silver Squeeze Process42:27 - Tariffs & Demand Catalysts48:23 - April Tariffs & Metals53:36 - Bank Reports & Gold1:06:16 - Wrap Up Guest Links:Special Discount: https://vblgoldfix.substack.com/TomPalisadesWebsite: https://vblgoldfix.substack.com/Twitter: https://x.com/SorenthekLinkedIn: https://www.linkedin.com/in/vincentlanci/Boobs & Bullion: https://x.com/boobsbullion Vince Lanci, a seasoned finance professional, has served as Managing Partner at Echobay Partners LLC since 2008. His expertise spans over three decades in metals trading, option analysis, and technology development. In recent years, Mr. Lanci's insights have been sought after by industry legends. He was invited to be a resident expert on precious metals and option analysis for Larry Benedict's Opportunistic Trader project. In 2017, he co-authored a paper on Energy Volatility with Professor Robert Biolsi at the University of Connecticut. Prior to his current role, from 2004 to 2008, Mr. Lanci served as Co-Head of Metals & Energy Trading for CiS Options LLC. During this tenure, he managed the long-short and volatility arbitrage portfolios for the parent Limited Partnership fund. From 1993 to 2003, Mr. Lanci was the proprietor of Berard Capital LLC, where he led a team of option marketmakers. His earlier career included stints at Lehman Bros and Cooper Neff from 1987 to 1993, providing him with a solid foundation in finance. In 2000, Mr. Lanci co-founded Whentech (originally named Upperhand Technologies LLC) with David Wender. As chief architect of the "Pit-Trader" user interface logic, he played a pivotal role in the company's inception. Mr. Lanci's thought leadership extends beyond his professional engagements. He contributes regularly to Zerohedge, BBG, and RTRS. His expertise has also been showcased at Mondo Visione and NYC Mines & Money conferences. A firm believer in level playing fields for investors, he advocates for transparency and fairness in financial markets.

Tom Bodrovics welcomes back Professor Vince Lanci, MBA Finance and Publisher of the Goldfix Substack, for a discussion on polticis and recent global buying patterns particulary in China. Specifically the significant 'Chinese whale', Zhang Kai Futures. Despite public purchases, China's government has also bought gold clandestinely through other less obvious channels. Goldman Sachs updated projections reveal ongoing gold buying by China, causing market rallies and awareness. Vince explores Exchange for Physicals (EFPs) and premium spreads in bullion banks, discussing tariff anxiety's potential impact on global physical metal flows. The EFP mechanism links London's physical market to New York's financial center, but tariffs may influence production countries and traders' choices. Gold prices are expected to reach new all-time highs soon. Vince touches on tariffs' primary impact on silver in the U.S., as a significant importer compared to its gold production. Furthermore, they discuss America's potential need to become a manufacturing economy again and Trump's plans involving factories, jobs, and exports. The challenge lies in financing this project with China no longer buying U.S. debt. Trump proposes reducing the deficit through energy cost reductions and weakening the dollar through tariffs, but that approach could lead to inflation and deficit issues. Vince and Tom discuss potential changes in government funding, specifically regarding income taxes versus tariffs. Trump intends to negotiate with other countries using tariffs as leverage for domestic job creation and foreign investment. Vince emphasizes the importance of addressing economic conflicts to prevent escalation into full-blown conflicts. Timestamp References:0:00 - Introduction0:43 - China's Gold Whale12:38 - EFP Premiums & Spread25:00 - Supply & Net Imports28:24 - Silver Prices??34:48 - Manufacturing USA43:38 - Driving Dollar Lower47:00 - Tariffs & Income Tax54:54 - Historic Analogies58:03 - Economic World War1:00:47 - Tensions & Risks1:02:40 - Wrap Up Talking Points From This Episode China's government buys gold publicly and clandestinely through various back channels, including commercial banks and SAFE. Tariffs could significantly impact physical metal flows by influencing where silver is sourced and it's country of origin. Trump plans to revive American manufacturing through tariffs and changes in income tax. Guest Links:Website: https://vblgoldfix.substack.com/Twitter: https://x.com/SorenthekLinkedIn: https://www.linkedin.com/in/vincentlanci/Boobs & Bullion: https://x.com/boobsbullion Vince Lanci, a seasoned finance professional, has served as Managing Partner at Echobay Partners LLC since 2008. His expertise spans over three decades in metals trading, option analysis, and technology development. In recent years, Mr. Lanci's insights have been sought after by industry legends. He was invited to be a resident expert on precious metals and option analysis for Larry Benedict's Opportunistic Trader project. In 2017, he co-authored a paper on Energy Volatility with Professor Robert Biolsi at the University of Connecticut. Prior to his current role, from 2004 to 2008, Mr. Lanci served as Co-Head of Metals & Energy Trading for CiS Options LLC. During this tenure, he managed the long-short and volatility arbitrage portfolios for the parent Limited Partnership fund. From 1993 to 2003, Mr. Lanci was the proprietor of Berard Capital LLC, where he led a team of option marketmakers. His earlier career included stints at Lehman Bros and Cooper Neff from 1987 to 1993, providing him with a solid foundation in finance. In 2000, Mr. Lanci co-founded Whentech (originally named Upperhand Technologies LLC) with David Wender. As chief architect of the "Pit-Trader" user interface logic, he played a pivotal role in the company's inception. Mr. Lanci's thought leadership extends beyond his professional engagements.

In Part Two with Michael Oliver and Vince Lanci we discuss the growing political and economic uncertainties revolving around the upcoming 2024 election. Michael highlights the potential chaos and unrest during the election. He suggests that if the stock market broke before the election, the Democratic Party might consider replacing Biden due to their emphasis on market performance. Tom mentions a poll indicating deep-rooted political divisions, with each party believing a win by the opposite would cause lasting harm to the country. This instability, Michael believes, is not being factored into markets and could lead to major shifts for global investors. The duo expressed concerns about the upcoming election's impact on markets and society, emphasizing that elections usually bring uncertainty but, due to deep-rooted political divisions in the US, there is a higher risk of prolonged uncertainty. This could result in increased stock market volatility and even a contested election outcome. They mentioned historical examples like the 2008 election, secession attempts, and the role of gold during such times. They also touch upon potential implications for gold markets if the U.S. election was contested. They emphasize buying dips instead of selling rallies for gold and silver as alternatives to a volatile stock market. They see gold as a competitive alternative when the stock market experiences volatility. Furthermore, the conversation explored potential crises or geopolitical events that could lead to the suspension of the upcoming election, including manufactured ones. The speakers also touched upon the role of gold as a metric of economic stability and its potential impact on the election. Additionally, they reflected on the changing political landscape, the influence of various parties and foreign conflicts on the election outcome, and the potential consequences for free speech, civil unrest, inflation, monetary policy, and individual freedoms. Time Stamp References:00:00 - Introduction00:51 - Fed & Panic Mode08:40 - 2024 Election Chaos?13:26 - Argentina & Milei19:33 - Seceding Successfully?24:41 - Fed Going Away?26:04 - Censorship & Free Speech29:10 - Suspension of Elections?31:18 - Geopolitical Black Swans37:03 - The Uni-Party & RFK39:56 - Metals & Signposts40:33 - Volatility & Buy The Dips42:17 - Wrap Up Talking Points From This Episode The upcoming 2024 U.S. election is causing significant political and economic uncertainty which the markets have not priced in. Deep-rooted political divisions indicate a higher risk of prolonged uncertainty, increasing stock market volatility and potential for a market correction Gold could serve as an alternative investment during such volatile stock markets and potential black swan like events. Vince Lanci - Guest LinksSpecial Discount: https://vblgoldfix.substack.com/TomPalisadesWebsite: https://vblgoldfix.substack.com/Twitter: https://twitter.com/SorenthekZeroHedge: https://tinyurl.com/3x72ndfcLinkedIn: https://www.linkedin.com/in/vincentlanci/Boobs & Bullion: https://twitter.com/boobsbullion Vincent Lanci is the Owner and Founder of Echobay Partners LLC. and is a regular contributor on ZeroHedge. In 2018 Vince was honored to be a part of Market Wizard Larry Benedict's Opportunistic Trader project as precious metals and Option expert. In addition, in 2017, Mr. Lanci and Professor Robert Biolsi co-authored Forecasting Oil and Natural Gas Volatility for UCONN. From 2004-2008, Mr. Lanci was Co-Head of Metals & Energy Trading for CiS Options LLC, Echobay's predecessor, where he ran the long-short and vol-arb portfolios for CiS's parent fund and generated $103MM during that time. From 1993-2003, Vince owned and operated Berard Capital LLC option market makers. In 2000, he co-founded Whentech with David Wender, where he was the chief architect of the "Pit-Trader" user interface. Between 1987-1993 he gained experience at Lehman Bros and Cooper Neff....

This week on The GrowCFO Show, Kevin Appleby sits down with Charles Fisher, CFO of Turo, the world's largest peer-to-peer car-sharing marketplace. Chuck shares the story of how Turo is disrupting the traditional car rental industry by allowing people to list, discover and book cars anywhere without owning a large fleet. He discusses his role overseeing finance and operations as Turo scales rapidly while maintaining profitability. Chuck also offers insights from his previous career in investment banking and lessons learned from the collapse of Lehman Brothers. Tune in for a fascinating discussion on finance, entrepreneurship and leadership in a fast-growing tech company. Chuck also discusses Turo's transition to a flexible remote and hybrid working model. He notes the benefits of accessing talent anywhere and the challenges of managing teams remotely. Key points include: Scheduling more intentional check-ins and meetings to prevent issues from "festering below the surface" Finding ways to connect teams who no longer interact serendipitously in offices socially The importance of in-person interactions for building culture and mentorship, especially for junior employees His efforts to regularly visit San Francisco to interact with teams directly Bringing the entire global company together twice per year to reinforce connections. https://youtu.be/afVX8At_jnA Links Join GrowCFO today GrowCFO Finance Team Training Turo Charles Fisher on LinkedIn Kevin Appleby on LinkedIn   Timestamps Introducing Charles Fisher (0:11) Disrupting the car rental industry with a platform offering convenience and variety. (2:53) Growth strategies for Turo. (8:44) How to prepare for an IPO. (13:41) Remote work challenges and benefits. (16:14) Hybrid work models and their impact on career development. (21:35) Becoming a CFO and leading a marketplace business. (27:19) Lessons learned from Lehman Brothers' bankruptcy and its impact on employees. (30:42) Career advice, networking, and business growth. (35:48)

Tom welcomes Vincent Lanci back to the show to discuss the importance of this week's gold close. If it is the highest ever, it could mean bullish continuation trends as money gets reallocated. He noted the changes he has seen in the gold market, such as Basel III putting a floor in gold, and the eastward shift of gold demand. He discussed the lack of trust in the metals markets, the differences between gold and silver, and the correlations between different commodities. Vincent discussed the potential path forward for inflation in the context of the current recession, and the actions the 'BRICS' are taking to separate their economies from US dollar hegemony. He outlined Zoltan Pozsar's concept of the "Three Prices of Money," where investors should have a piece of the old economy, a piece of the potential new economy, and a bridge between the two. Overall, Vince discussed why this week's gold close is so important, and how investors should be prepared to navigate a changing economy as businesses move to other countries and new technologies and renewable energy sources become more prevalent. Time Stamp References:0:00 - Introduction0:38 - Golds Performance9:10 - Inflection Points14:43 - Gold Flowing East20:53 - Manipulation & Trust25:18 - Silver Lagging?29:58 - Other Commodities35:14 - Recession & Inflation41:08 - Long Gold & Short Bonds42:44 - Zoltan Pozsar & BRICS47:00 - Exter's Pyramid49:37 - Bond Demand, YCC & Japan59:20 - Actionable Advice1:06:35 - Bullion'N'Boobs1:09:56 - Wrap Up Talking Points From This Episode This week's gold close could potentially be the highest weekly, monthly and quarterly close ever, signaling bullish continuation trends.Price leadership has moved east due to the East-West cold war and de-globalization, resulting in more gold flowing east and a potential end of the petro dollar.Zoltan Pozsar's idea of the three goals suggests investors should own a piece of the old economy (black gold), a piece of the potential new economy (white gold), and a bridge between the two (yellow gold) to prepare for the US dollar weakening in buying power. Guest Links:Special Discount: https://vblgoldfix.substack.com/PalisadesTomSpecialWebsite: https://vblgoldfix.substack.com/Twitter: https://twitter.com/SorenthekZeroHedge: https://tinyurl.com/3x72ndfcLinkedIn: https://www.linkedin.com/in/vincentlanci/Boobs & Bullion: https://twitter.com/boobsbullion Vincent Lanci is the Owner and Founder of Echobay Partners LLC. and is a regular contributor on ZeroHedge. In 2018 Vince was honored to be a part of Market Wizard Larry Benedict's Opportunistic Trader project as precious metals and Option expert. In addition, in 2017, Mr. Lanci and Professor Robert Biolsi co-authored Forecasting Oil and Natural Gas Volatility for UCONN. From 2004-2008, Mr. Lanci was Co-Head of Metals & Energy Trading for CiS Options LLC, Echobay's predecessor, where he ran the long-short and vol-arb portfolios for CiS's parent fund and generated $103MM during that time. From 1993-2003 Vince owned and operated Berard Capital LLC option market makers. In 2000 he co-founded Whentech with David Wender, where he was the chief architect of the "Pit-Trader" user interface. Between 1987-1993 he gained experience at Lehman Bros and Cooper Neff. Mr. Lanci contributes to Zerohedge, BBG, and RTRS. He has paneled at Mondo Visione, NYC Mines & Money conferences, and is a champion of level investor playing fields.

#RafiFarber - This Fed Rate Hike May Be the Last of This Monetary System Want to hear something hilariously ridiculously ludicrous? Get this. The Chair(man) of the Fed(eral Reserve) actually said that Silicon Valley Bank was an irresponsible "outlier" because - get this - it bought too many US Treasuries! This, coming from the head of an institution that owns $5,328,000,000,000 of US Treasuries. The bank failures have begun. Back in 2008, Bear Stearns collapsed in March. Lehman Bros. followed in September. that's a 6 month buffer. On that template, we have about 6 months to get our affairs in order. Could Rafi Farber be wrong? Sure. Anyone can be wrong. But in case he's right, prepare calmly. Prepare rationally. Prepare wisely with gold and silver. To find out more, click the video now! - To get a free 2-week trial to Rafi's The End Game Investor go to: https://seekingalpha.com/author/austrolib To find out more about Fortuna Silver go to: https://fortunasilver.com/ - To join our free email list and never miss a video click here: https://arcadiaeconomics.com/email-signup/ - To get on the waiting list for your very own ´Silver Chopper Ben´ sterling silver figurine click here: https://arcadiaeconomics.com/get-a-chopper-ben/ - To get your paperback or audio copy of The Big Silver Short go to: https://arcadiaeconomics.com/thebigsilvershort/ Find Arcadia Economics content on these sites: YouTube - https://www.youtube.com/user/ArcadiaEconomics Rumble - https://rumble.com/c/ArcadiaEconomics Bitchute - https://www.bitchute.com/channel/kgpeiwO1dhxX/ LBRY/Odysee - https://odysee.com/@ArcadiaEconomics:5 Listen to Arcadia Economics on your favorite Podcast platforms: Spotify - https://open.spotify.com/show/75OH2PpgUpriBA5mYf5kyY Apple - https://podcasts.apple.com/us/podcast/arcadia-economics/id1505398976 Google-https://podcasts.google.com/feed/aHR0cHM6Ly9teXNvdW5kd2lzZS5jb20vcnNzLzE2MTg5NTk1MjMzNDVz Anchor - https://anchor.fm/arcadiaeconomics Amazon - https://podcasters.amazon.com/podcasts Follow Arcadia Economics on these social platforms Twitter - https://twitter.com/ArcadiaEconomic Instagram - https://www.instagram.com/arcadiaeconomics/ To see the evidence of manipulative behavior in the silver market (as well as how you can send it to your local regulators and Congressional representatives) click here: https://arcadiaeconomics.com/cftc-complaint/ - To sign the petition to ban JP Morgan from having any involvement in the silver industry click here: https://www.ipetitions.com/petition/ban-jp-morgan-from-trading-gold-and-silver #silver #silverprice And remember to get outside and have some fun every once in a while!:) (URL0VD) This video was sponsored by Fortuna Silver, and Arcadia Economics does receive compensation. For our full disclaimer go to: https://arcadiaeconomics.com/disclaimer-fortuna-silver-mines/Subscribe to Arcadia Economics on Soundwise

This week's theme on the Retirement Quick Tips Podcast is: Why Banks Are Going Bust & What To Do About It   Today I'm talking about the problem with bank bailouts and moral hazard, and how stoping a contagion in the banking system today leads to more problems in the future because of moral hazard.    On Sunday, March 12th, regulators announced that they would give depositors of Silicon Valley Bank access to their funds, not just those that were covered by FDIC insurance. This is important because roughly 97% of all deposits at SVB were not covered by the FDIC insurance limit, and the millions of dollars that some depositors had a SVB would have been reduced to $250,000 overnight.    Since regulators stepped in to back all deposits, the next question is:Are all uninsured deposits now covered by government guarantees?   No. The regulators said they were making an exception for SVB and Signature (which also collapsed at the same time as SVB).  If you recall from September 2008, it was the government's refusal to bailout Lehman Bros after their collapse, that is widely accepted as the tipping point of the Global Financial Crisis. But 6 months prior to that, Bear Stearns collapsed and was bailed out.  So its likely that Lehman, AIG, and other troubled banks with garbage balance sheets assumed that they could be bailed out too. And if they made that assumption, they would have been slow to act. It's possible that Lehman could have found a buyer as things started to head south to prevent a bankruptcy. And they certainly would have taken on less risk with their CredDefSwaps and other risky investments if they didn't have the backstop of the government.  This played out the same way for SVB. By the time SVB tried raising capital to keep things afloat, it was too little too late, and it was too far gone.  When the regulators step in it's controversial, because it creates what is known as a “moral hazard”. It's like the parents who will always bail their kids out no matter what. When the kids know this, they feel untouchable and certain kids will take advantage of the situation by doing crazy and stupid stuff and feel invincible all the while. Well as you and I both know, that behavior, if it continues will catch up to you someday with often catastrophic consequences.   That's moral hazard, and the same is true for banks if the government will always backstop them in a crisis. They and their customers have no incentive to manage their risk or act prudently, because Daddy Government will always step in and save the day. That poor incentive structure and the risky behavior encourages is scary when the US Financial system is put to the test as a result.  Banks and regulators should have learned more from the 2008 financial crisis, but SVB is proving that's not always the case. Especially in the banking world, where it seems like the management made poor decisions and mistakes. These mistakes were in plain view of regulators months ago when they started racking up the losses, but nothing was done about it, and here we are today.  So when you once again have regulators stepping in to backstop all deposits, unfortunately no one learns from their mistakes and we can expect more of the same in the future.  That's it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast.     ---------- >>> Subscribe on Apple Podcasts: httpstr://apple.co/2DI2LSP >>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs >>> Visit the podcast page: https://truenorthra.com/podcast/  ---------- Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

Welcome to a new week here on the Retirement Quick Tips podcast! I'm your host Ashley Micciche, co-owner of True North Retirement Advisors, an independent financial advisory practice managing $340 million in client assets. I'm a Chartered Retirement Planning Counselor and I'm using my 15 years of experience as a financial advisor to help you gain clarity and make a plan for the retirement you envision. On this podcast, I cover everything from investing, to retirement spending, to taxes in retirement in just a few minutes each day, so if you're 5-10 years on either side of retirement, and looking for some daily doses of retirement planning wisdom, stick around this week as I talk about Why Banks Are Going Bust & What To Do About It Now, I was actually going to talk about a completely different topic this week, but then Silicon Valley Bank failed as I was getting ready to record, I started getting client emails, and shivers down my spine as I recalled the experience of Bear Stearns and Lehman Bros going bust at the onset of the global financial crisis, and I thought I better switch gears to help you make sense of what's happening with Silicon Valley Bank, one of the largest bank failures in US history.  So this week, I'll talk about what happened with Silicon Valley Bank, the implications for investors and the banking system as a whole, and most importantly what you can do to protect yourself.  That's it for today. Thanks for listening! Come on back tomorrow…where I'll break down what led to the collapse at SVB.  My name is Ashley Micciche...and this is the Retirement Quick Tips podcast. ---------- >>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP   >>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs >>> Visit the podcast page: https://truenorthra.com/podcast/  ---------- Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

Multifamily has been hot for year, and some markets hotter than others. But what is the hottest apartment market of them all? Shakti C'Ganti, founder and CEO of Ashland Greene Capital and former investment banker at Lehman Bros., says there is one market that has risen above all other, based on five key drivers. He joins the program to identify that market and explain the measurements used to assess its supremacy. (02/2023)

Multifamily has been hot for year, and some markets hotter than others. But what is the hottest apartment market of them all? Shakti C'Ganti, founder and CEO of Ashland Greene Capital and former investment banker at Lehman Bros., says there is one market that has risen above all other, based on five key drivers. He joins the program to identify that market and explain the measurements used to assess its supremacy. (02/2023)

Multifamily has been hot for year, and some markets hotter than others. But what is the hottest apartment market of them all? Shakti C'Ganti, founder and CEO of Ashland Greene Capital and former investment banker at Lehman Bros., says there is one market that has risen above all other, based on five key drivers. He joins the program to identify that market and explain the measurements used to assess its supremacy. (02/2023)

Tom welcomes Vincent Lanci back to the show. Vince questions the speculative nature of the World Gold Council's gold buying report. Ultimately, Central Bank gold buying is likely bullish, but the reports numbers will certainly be revised at some point and should be taken with some caution. Vince discusses basic supply demand economics and how they apply to the gold market. Some of these Central Bank deals are done gradually, and such selling may not cause large price swings. When gold moves up less than two percent, it rarely persists. Generally, such moves retrace themselves within a week. These large moves are unusual and indicate that something has shifted. Vince says, "Mr. Slammy has been absent. The slams may not happen to the extent they did in the past. The depths of hits aren't what they used to be. The last week or so haven't seen significant selling in gold." Vince discusses the seasonality with gold and the reasons why they occur. These seasons are often correlated with investors rebalancing their portfolio at various times of the year. Based on the historic patterns of commodities, Goldman's renewed interest in gold is a bullish sign. They are writing again about gold and discussing a coming supercycle in commodities. Time Stamp References:0:00 - Introduction0:42 - C.B. Gold Buying5:18 - Supply Dynamics8:40 - Sentiment & Criteria16:22 - Japan, Gold, & Bonds25:44 - Recent Gold Behavior32:24 - Buy Season & Big Funds?37:06 - 'Buyish' Market Signals44:30 - Wrap Up Talking Points From This Episode The fundamentals behind gold market buying and supply/demand.Gold's recent moves have been unusual and seem bullish.Seasonality in the metals and markets and why Goldman's outlook is buy-ish. Guest Links:Special Discount: https://vblgoldfix.substack.com/PalisadesTomSpecialWebsite: https://vblgoldfix.substack.com/ZeroHedge: https://tinyurl.com/3x72ndfcLinkedIn: https://www.linkedin.com/in/vincentlanci/ Vincent Lanci is the Owner and Founder of Echobay Partners LLC, and is a regular contributor on ZeroHedge. In 2018 Vince was honored to be a part of Market Wizard Larry Benedict's Opportunistic Trader project as precious metals and Option expert. In addition, in 2017, Mr. Lanci and Professor Robert Biolsi co-authored Forecasting Oil and Natural Gas Volatility for UCONN. From 2004-2008, Mr. Lanci was Co-Head of Metals & Energy Trading for CiS Options LLC, Echobay's predecessor, where he ran the long-short and vol-arb portfolios for CiS's parent fund and generated $103MM during that time. From 1993-2003, Vince owned and operated Berard Capital LLC, option market makers. In 2000, he co-founded Whentech with David Wender, where he was the chief architect of the "Pit-Trader" user interface. Between 1987-1993 he gained experience at Lehman Bros and Cooper Neff. Mr. Lanci contributes to Zerohedge, BBG, and RTRS. He has paneled at Mondo Visione, NYC Mines & Money conferences, and is a champion of level investor playing fields.

Kia ora,Welcome to Tuesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the International edition from Interest.co.nz.Today we lead with news markets are looking forward positively today, putting behind it a Q3 that had its issues.First however, later today the RBA will advise its latest rate review and tomorrow the RBNZ will do the same. That means there is a pre-release shadow over local interest rate markets ahead of those announcements. Both central banks are expected to add +50 bps to their policy rates although that is less certain for Australia.Meanwhile, markets are more chipper today with the end of the quarter behind it. Equity markets have opened Q4 in a positive mood. Perhaps strong progress by Ukraine in defending itself is helping. However the data coming through for Q3 isn't so bullish.In the US, the widely-watched ISM factory PMI sagged much more than expected to be barely expanding. New orders, including new export orders were the weak spot. Labour is still tight however, although price pressures are easing quickly.There was also the internationally-benchmarked Markit PMI for the US out as well, the final September version, and that was more upbeat recording a stable expansion. In this one, production and new orders rose, albeit only marginally, input cost inflation eased further as some inputs fell in price, and employment growth was the fastest since March.This one ties into a global set which is much less impressive with business optimism sinking to a 28-month low.In Japan, they are still expanding but the trend is down with new orders and output falling.We already reported that China's factory sector was shrinking in September. And now we can add that Taiwan is going backwards too with output and sales falling at their quickest rates since May 2020.In India, their expansion continues at a good, healthy pace.In Europe, their manufacturing sector downturn accelerated in September as demand tumbled further and price pressures intensified.Social media is making a mess of globally systemic banking giant Credit Suisse's reputation, suggesting it is about to be the 2022 equivalent of Lehman Bros. The real fear is that rumours might become self-fulfilling. Those fears were given credence by their CEO who wrote a staff memo saying the bank was at a "critical moment" which fed the rumour mill. But it appears he was 'only' referring to a major organisational shakeup within the bank.The UST 10yr yield starts today at 3.65% and down -18 bps from this time yesterday. The price of gold will open today at US$1692/oz. This is up +US$31 from this time yesterday.And oil prices start today up +US$3.50 from yesterday at just under US$83/bbl in the US while the international Brent price has risen to be just over US$88.50/bbl.The Kiwi dollar will open today at 57.1 USc more than +1c higher than where we that this time yesterday. Against the Australian dollar we are little-changed at 87.8 AUc. Against the euro we are up +¾c at 58.3 euro cents. That all means our TWI-5 starts today at 67.3, and up +100 bps since this time yesterday morning.The bitcoin price is now at US$19,470 and up +1.4% from this time yesterday. Volatility over the past 24 hours has been modest at just under +/- 1.5%.You can find links to the articles mentioned today in our show notes.And get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston and we'll do this again tomorrow.

n this episode I speak with Simon Alexander Ong, keynote speaker, entrepreneur and author of, "Energize: Make the Most of Every Moment," whose wakeup call was having his structured life come to a crashing halt when after working at Lehman Bros for a short while the financial crisis hit and he needed to reevaluate everything. https://getenergizebook.com/

Gazprom indefinitely cuts gas supplies to Europe via the Nord Stream 1 pipeline. We hear from EU Commissioner Paolo Gentiloni at the Ambrosetti Forum who says that the Kremlin is weaponising energy but insists the West will not flinch. Sweden, Finland and Germany have scrambled to announce energy support packages, warning of a Lehman Bros-moment for the sector. In the U.S., equities are in the red for the third straight week despite solid August jobs numbers. Republican senator Lindsey Graham tells CNBC that Donald Trump must focus on policy should he decide to run for President in 2024. In Italy, Giorgia Meloni's Fratelli d'Italia party leads polls just weeks before the general election. We speak to Democratic Party leader Enrico Letta who believes his party offers a viable alternative vision for the country. We are also live in Downing Street ahead of the Conservative Party leadership contest result.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Today we're talking to Jamil Ahmed, Distinguished Engineer from Solace. This is a pretty deep conversation about event-driven architectures.We talked about his introduction into the event-driven world whilst he was working in the now-defunct Lehman Bros, the environment around the collapse and how event-driven architectures have evolved from the algorithmic trading world to become the default way of doing business for the modern real-time organisation that needs it's information now whilst it's relevant.Support the show and Buy us a coffee!Edited by: Simon HoernerProduced by: Samuel Gregory and Chris AddamsTheme Music by: Chris AddamsSponsored by: Jupiter and the GiraffeWebsite: https://thattech.showYouTube: https://www.youtube.com/channel/UC4paazkqrlwtB_WW28w4GsgInstagram: @thattechshow_Twitter: @thattechshow_LinkedIn: linkedin.com/company/thattechshow/Get in touch: hello@thattech.show Hosted on Acast. See acast.com/privacy for more information.

Author Ed Hajim talks about his new book “On the Road Less Traveled: An Unlikely Journey from the Orphanage to the Boardroom” as an improbable story of how he bounced around from foster homes to orphanages, living a daily struggle to live until he realized the American Dream! Ed served as a Sr. Executive with E.F. Hutton, Lehman Bros., Furman Selz and other financial institutions plus served in the Navy, graduated from Harvard business School and explains why everyone should not go to college plus the 4P's for people starting out! Check out the amazing Ed Hajim and his new book on Amazon and www.edhajim.comtoday! #edhajim #author #ontheroadlesstraveled #fosterhome #orphanage #americandream #seniorexectuive #efhutton #lehmanbrothers #harvardbusinessschool #Navy #amazon #audible #iheartradio #spreaker #spotify #itunes #googleplay #applemusic #youtube #anchorfm #podbean #mikewagner #themikewagnershow #mikewagneredhajim #themikewagnershowedhajim --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/themikewagnershow/message Support this podcast: https://anchor.fm/themikewagnershow/support

Author Ed Hajim talks about his new book “On the Road Less Traveled: An Unlikely Journey from the Orphanage to the Boardroom” as an improbable story of how he bounced around from foster homes to orphanages, living a daily struggle to live until he realized the American Dream! Ed served as a Sr. Executive with E.F. Hutton, Lehman Bros., Furman Selz and other financial institutions plus served in the Navy, graduated from Harvard business School and explains why everyone should not go to college plus the 4P's for people starting out! Check out the amazing Ed Hajim and his new book on Amazon and www.edhajim.comtoday! #edhajim #author #ontheroadlesstraveled #fosterhome #orphanage #americandream #seniorexectuive #efhutton #lehmanbrothers #harvardbusinessschool #Navy #amazon #audible #iheartradio #spreaker #spotify #itunes #googleplay #applemusic #youtube #anchorfm #podbean #mikewagner #themikewagnershow #mikewagneredhajim #themikewagnershowedhajim --- Send in a voice message: https://anchor.fm/themikewagnershow/message Support this podcast: https://anchor.fm/themikewagnershow/support

Author Ed Hajim talks about his new book “On the Road Less Traveled: An Unlikely Journey from the Orphanage to the Boardroom” as an improbable story of how he bounced around from foster homes to orphanages, living a daily struggle to live until he realized the American Dream! Ed served as a Sr. Executive with E.F. Hutton, Lehman Bros., Furman Selz and other financial institutions plus served in the Navy, graduated from Harvard business School and explains why everyone should not go to college plus the 4P's for people starting out! Check out the amazing Ed Hajim and his new book on Amazon and www.edhajim.com today! #edhajim #author #ontheroadlesstraveled #fosterhome #orphanage #americandream #seniorexectuive #efhutton #lehmanbrothers #harvardbusinessschool #Navy #amazon #audible #iheartradio #spreaker #spotify #itunes #googleplay #applemusic #youtube #anchorfm #podbean #mikewagner #themikewagnershow #mikewagneredhajim #themikewagnershowedhajim

In this episode we are excited to be joined by David, Antonio, and Nurvitria from AgUnity and AgriUt.  We discuss how blockchain can build greater financial inclusion in last mile communities and support smallholder farmers.David Davies is the founder and CEO of AgUnity and two other successful startups. David brings with him more than 10 year in senior roles in global investment banks such as Goldman Sachs, Lehman Bros, and Standard Chartered. Antonio Grasso is an Italian blockchain influencer who has recently joined the AgriUT team as an Advisor. As Founder and CEO of Italian startup Digital Business Innovation Srl, Antonio is regarded as one of the top digital transformation influencers and researchers on artificial intelligence, cybersecurity, the Internet of Things, blockchain, and sustainability.Nurvitria is AgUnity's Program Director with more than 15 years of experience consulting for international development agencies and NGO's for large scale projects.About AgUnity and AgriUTAgUnity is a global technology platform empowers thousands of organizations working toward the UN Sustainable Development Goals to connect with ‘the last mile' farmers and communities. This customised smartphone & OS solution serves as a technological ecosystem; providing the people living and working with remote food supply chains with practical, accessible tools to connect, establish effective lines of communication and ensure an ethical, accountable means of trade. In 2021, the AgUnity team created AgriUT Foundation as an independent charitable entity to complement the AgUnity smartphone platform for smallholder farmers.Follow AgUnity/AgriUT and learn more!GuestsTwitter - Antonio GrassoTwitter - David DaviesAgUnity/AgriUTTwitter - AgUnityTwitter - AgriUTWebsite - AgUnityWebsite - AgriUTGo on the Agriwards platform and support a smallholder farmer today: https://bit.ly/AgriUTGiftEpisode Time Stamps02:25: What was your “Ah hah” moment that got you interested in cryptocurrency and web3?14:10 - Give me an overview of AgUnity and your mission18:55 - Tell me about the AgriUT token, and how it supports AgUnity?23:35 - Antonio, Tell me about how you came to be an advisor for AgriUT?28:00 - On your website, you share how 1.7 billion people are unbanked, and that ‘last mile' communities lack the basic tools for financial inclusion. How does AgUnity and AgriUT aim to address this?31:10 - What are some of the challenges that smallholder farmers in rural and remote regions face, and how will AgUnity and AgriUT help them?36:00 - What have been some of the impacts of AgUnity and AgriUT so far?40:05 - What is the long-term vision for AgUnity?43:00 - What is the long-term vision for AgriUT?46:10 - What's the best way for listeners to learn more about your AgUnity and AgriUTFor more exciting content exploring the intersections of web3 and social impact, check us out at cryptoaltruism.org.Buy us a coffee!Enjoy the episode? Crypto Altruism runs on the support of the community. Help us out by buying us a coffee:ETH(ERC20) - 0xac5C0105914F3afb363699996C9914f193aeDD4A

Nell'intervista di oggi (in versione ridotta - tra gli episodi del podcast è presente la versione integrale per maggiori approfondimenti) avremo il piacere di ascoltare Celestino Amore, CEO della società Illiquidx Ltd di Londra.Dopo aver maturato esperienza nel team international sales di Morgan Stanley a Londra e nel team di equity convertible bonds/equity derivatives/relative value sales e research per HSBC, nel 2009 Celestino Amore, insieme a Galina Alabatchka, fonda IlliquidX Ltd, società di investimento con sede a Londra e specializzata in mercati illiquidi, distressed asset, trade claim e altri titoli di emittenti che versano in uno stato di crisi e/o attraversano dei periodi di difficoltà finanziaria che si rivelano ottime opportunità di investimento per investitori specializzati.Questa piattaforma di trading, che si rivolge ad investitori istituzionali e professionali, consente di quotare e negoziare efficacemente titoli di debito, titoli di credito e attività illiquide.Nell'intervista di oggi parleremo nello specifico di distressed security, argomento che avevamo già iniziato a seguire con l'intervista a Guido Lombardo di Guardant sul tema UTP, e vedremo come i mercati finanziari hanno creato nel tempo delle occasioni di acquisto molto interessanti, analizzando casi del passato, uno fra tutti quello della Lehman Brothers, per poi passare ai titoli greci, e casi recenti come quello del Venezuela. Proprio in merito alla questione del Venezuela si affronterà in maniera approfondita il tema dell'opportunità di acquisto dei titoli di stato venezuelani, costituita da vari fattori di interesse quali l'acquisto di tali titoli a basso prezzo, la ricchezza delle riserve naturali a disposizione e l'assenza di investitori americani. Concluderemo con i consueti consigli per i giovani e i canonici bullet point in un'intervista da non perdere.

Nell'intervista di oggi (in versione intergrale - tra gli episodi del podcast è presente la versione ridotta con i tratti salienti) avremo il piacere di ascoltare Celestino Amore, CEO della società Illiquidx Ltd a Londra. Dopo aver maturato esperienza nel team international sales di Morgan Stanley a Londra e nel team di equity convertible bonds/equity derivatives/relative value sales e research per HSBC, nel 2009 Celestino Amore, insieme a Galina Alabatchka, fonda IlliquidX Ltd, società di investimento con sede a Londra e specializzata in mercati illiquidi, distressed asset, trade claim e altri titoli di emittenti che versano in uno stato di crisi e/o attraversano dei periodi di difficoltà finanziaria.Questa piattaforma di trading, che si rivolge ad investitori istituzionali e professionali, consente di quotare e negoziare efficacemente titoli di debito, titoli di credito e attività illiquide che si rivelano ottime opportunità di investimento per investitori specializzati.Nell'intervista di oggi parleremo nello specifico di distressed security, argomento che avevamo già iniziato a seguire con l'intervista a Guido Lombardo di Guardant sul tema UTP, e vedremo come i mercati finanziari hanno creato nel tempo delle occasioni di acquisto molto interessanti, analizzando casi del passato, uno fra tutti quello della Lehman Brothers, per poi passare ai titoli greci, e casi recenti come quello del Venezuela. Proprio in merito alla questione del Venezuela si affronterà in maniera approfondita il tema dell'opportunità di acquisto dei titoli di stato venezuelani, costituita da vari fattori di interesse quali l'acquisto di tali titoli a basso prezzo, la ricchezza delle riserve naturali a disposizione e l'assenza di investitori americani. Concluderemo con i consueti consigli per i giovani e i canonici bullet point in un'intervista da non perdere.

In this episode, Escala Partners CIO, Tracey McNaughton, shares her views on China Evergrande, its implications for Australia and whether it represents China's Lehman moment. She also discusses the latest decision from the US Federal Reserve to begin tapering bond purchases in November and what the US debt ceiling is and why it is in the news

Michael is joined by Stephen Bartholomeusz, Sydney Morning Herald Senior business columnist, regarding pundits arguing that the crisis within the Chinese property giant, China Evergrande doesn't represent a systemic threat even though the actions being taken by China's authorities suggest otherwise.   Mr Bartholomeusz writes, ‘While Evergrande's woes might not represent a “Lehman” moment and presage a financial crisis – mainly because the absolute control the authorities have over their banking system means they can avert the kind of destructive freezing of inter-bank dealings that turned Lehman Bros' collapse into a systemic crisis – the authorities aren't sitting on their hands.'   ‘The People's Bank of China has injected more than $US70 billion ($96 billion) of liquidity into China's financial system in just over a week, so it self-evidently sees Evergrande as some level of threat to systemic stability.' See omnystudio.com/listener for privacy information.

Worries over China Evergrande's current problems linger, but concerns over it potentially triggering broader regional risks have subsided. Noli De Pala, Chief Investment Officer for Trilake Partners, joined us on Prime Time to discuss the gravity of Evergrande's missed bond payments, and why the developer's issues aren't worrying him as much as Lehman Brothers' collapse around 13 years ago. He also offers his outlook on markets in the 4th quarter, and what he makes of the growing rockiness in markets.  See omnystudio.com/listener for privacy information.

Kia ora, Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect New Zealand.I'm David Chaston and this is the International edition from Interest.co.nz.Today we lead with news some inflation expectations are being reset in markets today.The American inflation rate as measured by the CPI came in as expected at +5.3% for August, unchanged from July. But their core inflation rate - without food or energy - came in lower than expected at 4.0% and that was not expected. There has been a noticed tailing off in August from July, and markets have reacted to this.For a number of months now the American economic expansion has seemed to be building while the Chinese one falling away, which is a turnaround in fortunes. But now, the situation has a sense it is turning again. Certainly the latest update to their live GDP trackers shows a rather fast moderation underway in the US. The OECD is also suggesting something similar is happening.Both the US CPI and economic expansion cooling are suggesting to markets that US Fed tapering may be a ways off yet, and that corporate earnings may not continue strongly. That has seen equity markets fall, the benchmark UST 10yr rate slip - and the price of gold rise.Meanwhile in China, property giant Evergrande is warning of the 'tremendous' financial pressure it is under. It's shares are sinking, taking others with it, and it has hired a restructuring team to guide it from here. Angry investors are besieging their headquarters because bond payments are overdue. Evergrande might be a Lehman Bros. for China, some fear.And the worries about property are more widespread in China. Second-hand home transactions in Shanghai fell by a quarter in August amid stepped-up real estate restrictions. In the country's technology hub Shenzhen they fell more than -80% last month.New Zealand has been ranked the third most free economy in the world, beaten only by Hong Kong and Singapore, but out-ranking the US (#6) and Australia (#9). Canada is #14. But the report is essentially for 2020 and it notes that Hong Kong's #1 position will likely fall when China's heavy hand in the territory is taken into account in its next report. China is #116 in this latest ranking. New Zealand has ranked #3 in this list for the past eight years.In Australia, their central bank boss has challenged market expectations for interest rate hikes before 2024, and pushed back against suggestions hikes and tougher lending standards could be used to quell house prices, saying changes to tax, social security and planning regulations worked best.Meanwhile, ANZ is also saying there's a sharp disconnect between expectations for interest rate hikes by the RBA and RBNZ. They expect the RBNZ will increase the cash rate at its October 6 meeting, whereas they don't expect the RBA to raise the cash rate until the first half of 2024. One reason for this is that even though both countries have seen "remarkable labour market recoveries" over the past year, only New Zealand has seen wage growth pick up significantly, alongside rising core inflation. They say this may be down to the stronger New Zealand labour market in the years prior to the pandemic, the larger increase in unemployment in Australia during 2020, and the sharper rebound in household inflation expectations in New Zealand.The closely-watched NAB August Australian business confidence survey has it well into negative territory, even though respondents believe business conditions are still positive. But at least this August result wasn't worse than the July report. NSW and Victoria drive the overall negative sentiment there.The UST 10yr yield opens today at just over 1.28%, so down a full -5 bps from this time yesterday. The price of gold has risen +US$15 today and now at US$1807/oz.Oil prices have been pretty stable overnight so in the US they are now still just on US$70/bbl, while the international Brent price is still at US$73/bbl.The Kiwi dollar opens today at just on 71 USc and marginally softer since this time yesterday. Against the Australian dollar however we are +40 bps higher at just under 96.9 AUc. Against the euro we are little-changed at 60.1 euro cents. That means our TWI-5 starts today at just on 74.1, and also little-changed. We are still right at the top of the 72-74 range of the past ten months.The bitcoin price has risen today, now at US$46,596 and +4.8% higher than this time yesterday. Volatility in the past 24 hours has been moderate at just over +/- 2.9%.You can find links to the articles mentioned today in our show notes.And get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston and we'll do this again tomorrow.

Tom welcomes Vincent Lanci back to the show. Vincent discusses the lack of fireworks from the Basel III banking changes. He believes these rule changes will be good for most investors because there will be less hedging. However, these changes will be worse for mid-sized institutions. These rules have been coming into effect over several years, so it should not be a big surprise to anyone. Vincent discusses his educational and informative daily market summary called "The Gold Fix." Technical analysis is portrayed as a science, but it's more of subjective art. So investors need to understand this and conduct appropriate risk management. Without understanding the risks, many new investors will have losses. He's trying different teaching approaches and believes he has a solid strategy to help new investors become good traders. Large funds and institutions aren't able to respond to the market conditions as quickly as smaller traders. However, when big funds change course, you have to get out of the way. You need to find an edge and what these players don't have today is flexibility. Managing risk is an edge because most retail investors are just buying the highs and selling the lows. In the last week, gold has started to ignore the weak bond market and move upwards. Right now, he is looking for confirmation of why gold is moving. However, the precious metal markets may be changing their behavior. He believes large investors of Bitcoin are now investing some of their holdings in banks like JP Morgan. Banks now have clients that are involved in Bitcoin. Gold could now become a diversification tool for Bitcoin profits. He gives some key advice on why investors should hold some Bitcoin, especially if you have gold. Time Stamp References:0:00 - Intro0:33 - Basel III4:12 - Gold Fix & Educating7:39 - T.A. "Science"10:07 - Important Lessons17:51 - Gold Markets20:53 - Bitcoin Diversification23:40 - Gold Vs. Bitcoin28:54 - Wrap Up Talking Points From This Episode Thoughts on Basel IIIHis daily educational report "The Gold Fix."Changes occurring in the gold markets.Is Bitcoin becoming a strategic asset? Guest Links: Twitter GoldFix ToolBox clip: https://twitter.com/VlanciPictures/status/1408053600383815680GoldFix Weekly Newsletter https://www.getrevue.co/profile/vlancipicturesZerohedge Contributions: https://www.zerohedge.com/contributors/238352Moor Analytics: https://www.mooranalytics.com/ Vincent Lanci is the Owner and Founder of Echobay Partners LLC. and is a regular contributor on ZeroHedge. In 2018 Vince was honored to be a part of Market Wizard Larry Benedict's Opportunistic Trader project as precious metals and Option expert. In addition, in 2017, Mr. Lanci and Professor Robert Biolsi co-authored Forecasting Oil and Natural Gas Volatility for UCONN. From 2004-2008, Mr. Lanci was Co-Head of Metals & Energy Trading for CiS Options LLC, Echobay's predecessor, where he ran the long-short and vol-arb portfolios for CiS's parent fund and generated $103MM during that time. From 1993-2003 Vince owned and operated Berard Capital LLC option market makers. In 2000 he co-founded Whentech with David Wender, where he was the chief architect of the "Pit-Trader" user interface. Between 1987-1993 he gained experience at Lehman Bros and Cooper Neff. Mr. Lanci contributes to Zerohedge, BBG, and RTRS. He has paneled at Mondo Visione, NYC Mines & Money conferences, and is a champion of level investor playing fields.

Confessions X July/Aug 2003 - Hugh's shorting Lehman Bros and reveals all about his Mercedes luxury mobile office/cinema that his wife drove!Hedge Fund pirate Hugh Hendry and his co-host Chris Sweeney chronicle the inner workings of the uncorrelated and legendary Eclectica Fund The boys are using Hugh's monthly letters to clients as a basis to take the audience on a journey into what he was thinking and why he made the decisions he did, in real time. It's the financial equivalent of a gripping true crime adventure. It's also an exclusive look behind the curtain of a Hedge Fund with nothing off-limits.This week they discuss Hugh's insight into how you can be too early, why gold may be about to repeat the moves of 2003 and his love of Madonna's debut album. Chris also bizarrely spends the episode stuck in 2005.

The Pendulum Shifts & Timing is EverythingSince there are NO deals in the Hamptons, focus on Manhattan before the pendulum fully swings back to sellers. Timing becomes one of the most crucial factors. Everybody always asks, “How's the market?” Because Manhattan is segmented into so many micro-markets, a Tribeca loft versus a midtown high-rise condo versus an Upper West Side townhouse or an Upper East Side studio etc….this question is too vague and has a multiplicity of answers. Generally though, the market's on fire; demand is outpacing supply. Sellers have become more realistic, which has become an invitation for buyers to join the party. Buyers too have realized there is middle ground; that 50% off sale they anticipated never happened. This engagement between both parties is infectious and has resulted in deals….many deals. Deal volume in February was up over 30% as compared to February 2020 (which if you remember was a pre-covid volume). Activity has been most robust in the lower price points; 70+% of all deals are occurring below $2M and 85% below $3M. The luxury market, loosely defined as the top 5% of all inventory (approx. $5M and up), which had been sluggish, is catching up. We are seeing numbers which reflect far busier times like in 2015 & 2016.  Whereas it is still a buyers' market, the pendulum has shifted direction. Like never before, virtually every metric is in the buyer's favor. One of my industry colleagues, a head of one of the major firms, said, “If you're not a buyer in THIS market, you are simply not a buyer.” It is my opinion, that the past 8 months have been the single greatest buying opportunity in Manhattan, that I have witnessed in my 23 year career. Never have so many metrics lined up for buyers, all at the same time. Let's compare where we are now to some of the other great historical buying opportunities during that time. Note: if you are not a buyer, please disregard what I have to say, as I am not pressuring you to buy; however, for those who do want to buy, you will find this interesting. These great buying opportunities most often follow catastrophic events. Let's take the 4-5 months post-Sept 11th and the 12 months following the collapse of Lehman Bros. in 2008/9. Whereas those were incredible opportunities, consider that in 2001, inventory was still very lean, so the supply-side of “the supply & demand principle” was still tight. And consider that interest rates were 6-6.5%. Right now we are sub 3%. I want you to look at the table in the "Mortgages & Interest Rates" section of this newsletter, to truly understand the impact of even 1 percentage point in interest rates. It's shocking. In post-Lehman Bros. 2008/9 inventory and interest rates were less of an issue than in 2001, as there was more inventory but interest rates were still at 5-6%. The biggest factor then was liquidity. There was no money; people struggled to get financing.For buyers today, not only is inventory ample (meaning choices), sentiment on the seller's side has been poor (meaning negotiability) and interest rates are near all-time lows, 3% or less for a 30 year jumbo loan. However, the pendulum on virtually all three of these metrics is starting to change course. Although there is 10% more overall inventory than last year at this time, that number is contracting. Again, not because apartments aren't coming on the market, but because deal volume is outpacing that incoming supply; it's essentially musical chairs for Manhattan apartments. While prices have not yet increased, it is precisely this deal activity which is beginning to give sellers a bit more resolve (meaning they are becoming less and less negotiable). And the big one is interest rates; they are slowly rising. This factor will affect the whole marketplace, as it reduces purchasing power. So if you are a buyer, the getting is still good...very good…and in your favor, but it is slipping away. 

Tom welcomes a new guest to the show, Vincent Lanci. Vince discusses his background in energy and precious metals and he manages money for a couple of hedge funds. Vince explains some of the terms surrounding the bond markets and the current signs of low investor interest. Strangely, there was a massive reaction on Thursday's Treasury auction to that lack of interest. The market was behaving like it expected the Fed to raise rates. In his speech on Thursday, everything that Powell said revealed the Fed would not raise rates, and they were not concerned by inflation. They stated they would remain extremely accommodating. A small stock like GME can have an outsized effect on the market because it reveals the system's large amount of leverage. This leverage has caused cascading risk effects thru the system and has affected market psychology. Don't risk anything your not prepared to lose because leverage will eventually be called. This market has to end with either extreme inflation or extreme deflation. Vince explains how things could move in either direction. We may have a deflationary collapse, and inevitably, this all ends with something like a reset. He is bullish on Bitcoin as a technology but cautions that it moves based on a lot of FOMO. Bitcoin may be getting ahead of itself, and it's hard to judge what the price should be because it's all based on demand. At some point, there will be further regulatory decisions that will likely hinder those accessing it. Silver won't be easy to squeeze because it's not Gamestop stock; it's a sizeable physical market. Comex default will likely be a slow process because they will do whatever it takes to avoid a hit to their reputation. He argues there are many things they can and will do to slow the market down. Also, they can change the rules. Time Stamp References:0:00 - Intro0:31 - Vincent's Background1:52 - Bonds & Yield Curve Control4:22 - Powell Speech5:19 - Bonds & Broader Markets7:17 - Correlations Don't Matter9:32 - GME and Short Covering.12:10 - Risk and Controlling FOMO.14:04 - End Game Thoughts16:58 - Bitcoin and Hyperinflation20:23 - Comex & Silver21:45 - Comex Default Risk23:49 - Fighting Decentralization28:07 - Gold Last to Rally30:24 - Gold Signposts32:21 - Michael's Moor's Analytics35:14 - Wrap Up Talking Points From This Episode Bond Markets and RatesPowel's Speech and Fed ActionsDecentralization, Markets, and BitcoinSilver, the Comex, and Gold Guest Links:Twitter: https://twitter.com/VlanciPicturesLinkedIn: https://www.linkedin.com/in/vincentlanci/Michael Moor: https://moor-analytics.comZeroHedge: https://tinyurl.com/3x72ndfc Vincent Lanci is the Owner and Founder of Echobay Partners LLC. and is a regular contributor on ZeroHedge. In 2018 Vince was honored to be a part of Market Wizard Larry Benedict's Opportunistic Trader project as precious metals and Options expert. In 2017 Mr. Lanci and Professor Robert Biolsi co-authored Forecasting Oil and Natural Gas Volatility for UCONN. From 2004-2008, Mr. Lanci was Co-Head of Metals & Energy Trading for CiS Options LLC, Echobay's predecessor, where he ran the long-short and vol-arb portfolios for CiS's parent fund and generated $103MM during that time. From 1993-2003 Vince owned and operated Berard Capital LLC option market makers. In 2000 he co-founded Whentech with David Wender, where he was chief architect of the "Pit-Trader" user interface. Between 1987-1993 he gained experience at Lehman Bros and Cooper Neff. Mr. Lanci contributes to Zerohedge, BBG, and RTRS. He has paneled Mondo Visione, NYC Mines & Money conferences, and is a champion of level investor playing fields.

Amber and Jason talk with Richard about his experience with Wall Street as part of the Wolf of Wall Street firm. In the conversation, Richard takes us on his journey from prison and all of the collateral consequences to reentry up through his entrepreneurial efforts focused on others who have been incarcerated. He takes us from New York to Florida to California. From Richard's bio on his new site Commissary Club: Richard was the founder and CEO of 70 Million Jobs and 70 Million Staffing. Before launching 70 Million Jobs, Richard served as Director of Defy Ventures, a 501(c)3 organization dedicated to providing incarcerated men and women second chances upon release. Before that, he was a co-founder of the popular nostalgia website, DoYouRemember.com. His career began on Wall Street, where he managed money at Lehman Bros. and Bear Stearns. He eventually went on to found Biltmore Securities, a registered broker-dealer based in South Florida. Richard grew Biltmore to nearly 500 employees and took many companies public. After Biltmore, Richard founded Channels Magazine and launched several successful consumer product and service businesses. Richard was convicted of securities fraud in 2002, arising from his activities in the 1990s and served two years in a Federal prison camp.https://www.commissary.clubhttps://www.70millionjobs.comSupport the show (https://www.patreon.com/amplifiedvoices)

Nancy Sun is also an actor and writer who coaches high-achieving professionals and creatives to advance their careers, pivot industries, and/or develop as leaders. She is a Lehman Bros. alumnus, a Princeton-in-Asia fellow, and a magna cum laude graduate of the University of Pennsylvania.

Open Run Episode #165 The Lehman Bros. stop by and discuss the recent and past actions of PG13, Harden, Kyrie, and KD; The best possible trade options, and why we should judge PG13 accordingly. Shoot The Ball #Open165 Support the network by paying your laugh tax or becoming a  premium subscriber HERE Get Show merch […]

Bio Michael J. Darby is Founder & CEO of Monument Realty, a leading privately held mixed use real estate development & operating company headquartered in Washington DC. An active member of the Washington, DC region's development industry for more than two decades, Michael previously worked with some of the most prominent developers in the Washington DC area including Carr America in the 80's and Akridge in the 90's. During those years he managed the development of many prominent Washington buildings including such landmark restoration projects as the Willard Hotel, the Southern Railway Building and the Victor Building. Michael began his career in his native Australia, working with a Melbourne-based general contractor, and holds a degree in Engineering and Business from the University of Melbourne. He has been active in numerous regional real estate organizations over the years and has served on the Board of the DC Building Industry Association. Michael is involved with several charities and his company have been longtime supporters of the annual Real Estate Games, a charitable sports competition that supports the Juvenile Diabetes Research Foundation (JDRF), and he was the event co-chair for six years. Show Notes Current Role CEO and Founder at Monument Realty. Role has changed over the years since founding 22 years ago (3:15)Brief history overview of companyStarted with Partner (Jeff Neal) (3:31)Chased deals with Lehman Bros. and Apollo Bankruptcy of Lehman Brothers and breakup of partnership with Jeff Neal (4:00)Role now is broader (5:00)Experience is well earned (5;30) Origins Born and raised in Melbourne, Australia (6:20)Father was an engineer (6:30)Competed in freestyle skiing as a youth (7:15)Went to Europe and competed (7:35)Came to the US during Australian summers (winter here) to ski competitively (8:00)Australian mountains (8:50)Not as “advanced” as Europe and North AmericaWalked up hills frequently (10:30)Traveling was fun around the world (11:45)Athletics is encouraged in Australia (12:15) Education

Bio Michael J. Darby is Founder & CEO of Monument Realty, a leading privately held mixed use real estate development & operating company headquartered in Washington DC. An active member of the Washington, DC region’s development industry for more than two decades, Michael previously worked with some of the most prominent developers in the Washington DC area including Carr America in the 80’s and Akridge in the 90’s. During those years he managed the development of many prominent Washington buildings including such landmark restoration projects as the Willard Hotel, the Southern Railway Building and the Victor Building. Michael began his career in his native Australia, working with a Melbourne-based general contractor, and holds a degree in Engineering and Business from the University of Melbourne. He has been active in numerous regional real estate organizations over the years and has served on the Board of the DC Building Industry Association. Michael is involved with several charities and his company have been longtime supporters of the annual Real Estate Games, a charitable sports competition that supports the Juvenile Diabetes Research Foundation (JDRF), and he was the event co-chair for six years. Show Notes Current Role CEO and Founder at Monument Realty. Role has changed over the years since founding 22 years ago (3:15)Brief history overview of companyStarted with Partner (Jeff Neal) (3:31)Chased deals with Lehman Bros. and Apollo Bankruptcy of Lehman Brothers and breakup of partnership with Jeff Neal (4:00)Role now is broader (5:00)Experience is well earned (5;30) Origins Born and raised in Melbourne, Australia (6:20)Father was an engineer (6:30)Competed in freestyle skiing as a youth (7:15)Went to Europe and competed (7:35)Came to the US during Australian summers (winter here) to ski competitively (8:00)Australian mountains (8:50)Not as “advanced” as Europe and North AmericaWalked up hills frequently (10:30)Traveling was fun around the world (11:45)Athletics is encouraged in Australia (12:15) Education

Join me and Sandra Navidi for an impactful conversation about the Power of the Financial Elite, Networking in the Financial Industry, and How Networks can make – but also potentially break the global Financial System. In her Book ‘SuperHubs, How the Financial Elite and their Networks rule OUR world', Sandra shows the benefits but also the systemic risks of networking amongst powerful individuals. People with the highest number of contacts, will attract more connections, power and also financial means. They are called SuperHubs. In our globalized world, interconnectedness is an inherent component of the financial system and indispensable for the exchange of goods and services. To scale the benefits of this global reach, top executives build an ever-higher number of interlinkages. As the network grows, it becomes more complex and harder to control. At some point this has a destabilizing effect, especially as ‘Power Brokers' are reluctant to keep lucrative activities ‘balanced' to keep the entire system stable. Failing that, inequality will sky rocket even more. Sandra sees SuperHubs like President Trump only adding to that imbalance. People like Richard Fuld (CEO of Lehman Bros), Mike Miklen (Junk Bond King), John Meriwether (Founder of LTCM) were all SuperHubs, ‘playing the system' too hard and pushing it over the edge. These individuals became a systemic risk for the global Financial Industry pushing economies into deep economic crisis. What's the solution? Sandra uses a quote by Albert Einstein: ‘we don't need to think more BUT think DIFFERENTLY!' Website: http://www.beyond-global.com/cgi-bin/firm.pl Sandra Navidi: https://en.wikipedia.org/wiki/Sandra_Navidi Mentorit.TV YouTube: https://www.youtube.com/channel/UCr99x90I6bY-VWW6csFajTA Mentorit.TV E-Mail: info@Mentorit.TV Website: http://www.principle.ch/#company - Road Trip by Joakim Karud https://soundcloud.com/joakimkarud Music promoted by Audio Library https://youtu.be/vpssnpH_H4c

With the banning of Stephan Molyneaux by YouTube, a man with more than 1 million subscribers, we've reached the book burning stage of the U.S.'s Cultural Revolution and it's being televised in real time, no less. Gil Scott Heron was wrong. The problem is the real revolution we need won't be televised, it may not even happen until after we're plunged into a chaotic breakdown that was beautifully described in Christopher Nolan's 2012 film, The Dark Knight Rises.Recently I rewatched The Dark Knight Rises and it floored me with its prescience in predicting where we would head as the consequences of the false recovery post-Lehman Bros. and Occupy Wall St. would play out on the streets of the U.S. in 2020.And in doing so, I overcame a lot of my reservations about Nolan and his work after years of questioning his motives. So this week's cast is as much about my skepticism of Hollywood as it is about the work of a unique and talented artist's ability to 'get there first.'Show Notes:‘The God That Failed’: Why the U.S. Cannot Now Re-Impose Its Civilisational Worldviewhttps://www.strategic-culture.org/news/2020/06/29/god-that-failed-why-us-cannot-now-re-impose-its-civilisational-worldview/Can We Escape Control of The Wire?https://tomluongo.me/2018/11/18/can-we-escape-control-of-the-wire/Chris Nolan's Filmographyhttps://www.imdb.com/name/nm0634240/

AARON POOCHIGIAN earned a PhD in Classics from the University of Minnesota and an MFA in Poetry from Columbia University. His first book of poetry, The Cosmic Purr (Able Muse Press), was published in 2012, and his second book Manhattanite, which won the Able Muse Poetry Prize, came out in 2017. His third book, American Divine, won the Richard Wilbur Award and will come out in 2020. His thriller in verse, Mr. Either/Or, was released by Etruscan Press in the fall of 2017. His work has appeared in such publications as Best American Poetry, The Paris Review and POETRY. Prince A. McNally An emerging voice in American poetry as well as the International poetry scene, Prince A.McNally is a Brooklyn born poet, writer, philosopher and activist; who utilizes his voice as a platform to speak for the voiceless. Though quite eclectic, his poetry and prose focus mainly on the human condition, social injustice and the marginalization of people of color, the elderly; the poor and the homeless here in the U.S. and abroad. His verse is a constant appeal for society to awaken, to rethink and reshape its destiny. Prince's work has appeared in numerous literary magazines, blogs and anthologies throughout the U.S. and abroad. Such as: Dissident Voice, Tuck Magazine, GloMag(India), The World Poetry Open Mic-Poets Anthology, The National Beat Poets Anthologies: 'BEATATUDE' and 'We Are Beat' as well as the forthcoming, Italian Literary magazine 'American Poets and Others' where he receives a brief write-up, along with a translated version of his work. He is a member of The Academy of American Poets, The National Beat Poetry Foundation as well as The Brooklyn Poets. A student of Nichiren Daishonin's Buddhism, Prince prides himself on being... A Rebel with a Cause and Effect. His widely anticipated chapbook, 'Prelude To Serenity' is due out in the Spring of 2020. Donald Kennedy: Born Brooklyn NYU – Stern School of Business Wall St – 5 years. Short Term Securities Market. Last firm Lehman Bros. Left to become a photographer. Photographic career began assisting and studio managing a number of the top photographers in NYC. Bert Stern, Bill King, Pete Turner and Irving Penn amongst others, as well as a number of the photographers from the Magnum Photos group. He moved to Paris and worked there for a number of French, Italian, German and English fashion magazines before returning to the US. In NYC his work appeared editorially for several Hearst and Conde’ Nast magazines. Advertising clients included Saks Fifth Ave, Revlon and Lancome. Fine Arts Photography work began in Paris and has continued throughout his photographic career. Activist.

Oh, it's time. We need to talk about the most important financial time of the past three decades. In America, the financial market sent shockwaves everywhere when subprime (also known as CDOs) were passed like hot potatoes amongst the biggest banks in the world. When the CDO's value went to s***, so did the companies. Bear Stearns collapsed on a biblical scale, and Lehman Bros followed suit, among so many others. CDOS slammed the housing market and the value of homes deteriorated. Americans had become homeless, lost their jobs, 401ks, and more -- making it the stain of the 00s. So, let's do some talking first about vocabulary. Remember, this is just a previews. The big podcast is the next one.Pronunciation Course Phase 1: https://www.udemy.com/course/arsenios-american-esl-pronunciation-phase-1/?referralCode=8C3941AAFB58102377C4Book A Call With Me: https://calendly.com/arseniobuck/45minPatreon: https://www.patreon.com/arseniosesllearningPodcast on Spotify: https://open.spotify.com/show/7hdzplWx6xB8mhwDJYiP6fPodcast on ListenNote: https://www.listennotes.com/c/778cf3cfd2564ba5b01f693bfebc96de/arsenio-s-esl-podcast/Podcast on CastBox: https://castbox.fm/channel/Arsenio's-ESL-Podcast-id1251433?country=usFacebook: https://www.facebook.com/Arseniobuck/?ref=bookmarksYoutube: https://www.youtube.com/channel/UCIzp4EdbJVMhhSnq_0u4ntAWebsite: https://thearseniobuckshow.com/Q & A: ArsenioBuck@icloud.comLinkedIn: https://www.linkedin.com/in/arsenio-buck-9692a6119/Instagram: https://www.instagram.com/thearseniobuckshow/?hl=enBuzz sprout: https://www.buzzsprout.com/165390Support the show (https://www.patreon.com/arseniosesllearning)

The impact of oil prices on drilling; how shale production has enabled US independence; OPEC efficacy on pricing; the pricing power of small business; Netlfix acquisition of "Seinfeld;" Streaming wars and the battle for content; Why Amazon isn't a monopoly--yet; the risks of a liquidity-driven event; yield curve inversion ISN'T the problem--it's when it RE-inverts that the trouble begins; corporate credit and debt issues; Deutsche Bank is the Lehman Bros of Europe; paying attention to what you own: Why a liquidity crunch will happen rapidly.

The impact of oil prices on drilling; how shale production has enabled US independence; OPEC efficacy on pricing; the pricing power of small business; Netlfix acquisition of "Seinfeld;" Streaming wars and the battle for content; Why Amazon isn't a monopoly--yet; the risks of a liquidity-driven event; yield curve inversion ISN'T the problem--it's when it RE-inverts that the trouble begins; corporate credit and debt issues; Deutsche Bank is the Lehman Bros of Europe; paying attention to what you own: Why a liquidity crunch will happen rapidly.

We are ten years out from the fall of Lehman Brothers, and the worst financial crises in the lifetime of most of us. But what are we actually marking, and more importantly, what have we really learned? So much of the debate, to this very day, as to what caused the crash, and the bursting of the housing bubble is so caught up in political rhetoric, confirmation bias, and rear end covering, that it's still hard to tell. But certainly after 10 years we know more than we did then, and perhaps it’s time to ask some real questions and to try and put it into some kind of better perspective. To do this, I’m helped by Sebastian Mallaby, the Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations and a long time journalist, public speaker, and a contributing columnist for the Washington Post. His recent article in the Washington Post was “The Dangerous Myth We Still Believe About the Lehman Bros. Bust.” My conversation with Sebastian Mallaby:

Henry Ford once said “The only real mistake is the one from which we learn nothing.” Ten...The post 10 Years Since the Lehman Bros Default: A Look Back appeared first on Derivsource.

Henry Ford once said “The only real mistake is the one from which we learn nothing.” Ten... The post 10 Years Since the Lehman Bros Default: A Look Back appeared first on Derivsource.

On September 15th 2008, an investment banking firm named Lehman Brothers filed for bankruptcy, marking the beginning of the worst global financial crisis since The Great Depression. The crisis is not yet over, yet the story of how the system failed has been overwritten by its social and political consequences of the last decade. Leading economist and author Vicky Pryce recounts the moment Lehman Bros fell, and explains the painful journey that western economies have been on since the crash of 2008, and where it leaves them today. Hosted on Acast. See acast.com/privacy for more information.

Lawrence G. McDonald- New York Times Best Selling Author of  A Colossal Failure of Common Sense:  The Inside Story of the Collapse of Lehman Brothers. The book is a risk manager’s guide to the right and wrong moves, and explains why investors must stay ahead of policies from Washington, D.C. and Europe.  Website: www.LawrenceGMcDonald.com Twitter: Lawrence McDonald@ConvertBond About The Host- Lori Boyle is a retired International Airline Pilot. She operated the Boeing 747 and MD-11 Heavy Jets in America, Asia, the Middle East, Africa and South America.  Presently, she is the: TV Show Host of Wicked Housewives on Cape Cod, Radio Show Host of Lori Boyle Radio on the Wicked Housewives on Cape Cod Radio Network, Columnist for Women’s Voices Magazine (Economy-Begin Where You Are Now) and CEO Lori Boyle Media. Email: LoriBoyle@RocketMail.com Websites: www.WickedHousewivesOnCapeCod.com www.LoriBoyleMedia.com  

Jason Burack of Wall St for Main St had on returning guest former Wall St bond trader, gold fund manager and creator of the popular investing website Investment Research Dynamicshttp://investmentresearchdynamics.com/, Dave Kranzler. Dave also recently started a new podcast with Rory Hall of The Daily Coin called Shadow of Truth. During this 40+ minute interview, Jason asks Dave about the Greek crisis (Grexit) and if Greece may be sacrificed like Lehman Bros was? Dave thinks the OTC derivatives market is being protected and a large effort being made to prevent the credit default swaps from being triggered. Next, Jason asks Dave about China now printing money to buy Chinese stocks. Dave says the US has already been doing it for years and Jason mentions how Japan also does it. Basically, all the major economies in the world have their central banks printing up currency to buy assets.Jason asks Dave why money managers on Wall St don't like to admit there's massive evidence of inflation in higher and higher asset prices? Dave says the financial livelihoods of these guys depends on not admitting asset prices are going higher because of money printing. Jason and Dave also discuss the oil market.To wrap up the interview, Jason asks Dave about the gold and silver markets, gold and silver miners, the TPP, Wall St Corruption and why China and Russia haven't already pulled the plug on the global financial system? 

It is now 5 years since the collapse of Lehman Bros and the start of the financial crisis that collapse precipitated.  Though most of us grow more and more cynical and angry about the financial system, how many of us really understand it? Brett Scott is well placed to lead us on an exploration of radical approaches to global finance, shareholder activism..  An anthropologist and former whizz kid broker, his  Heretic's Guide to Global Finance: Hacking the Future of Money offers the reader a framework for approaching the financial system based on hacking, activist entrepreneurialism, DIY and open source culture. In the podcast, Brett talks to Craig Barfoot about the creative disruption of hacking and describes  ‘the sheer joy and curiosity of exploring an economic system……..once you’ve explored the financial system enough you can see the weak points and how you can exploit them.” Brett’s hacker approach is to take the existing technology and play with it creatively - changing the DNA of a financial instrument.  So he looks at how campaigners have used financial instruments and subverted them  - shareholder activists buy shares, others press for Socially Responsible Investment Funds (which, as he points out are tiny compared with the massive investment funds they run alongside), the divestment movement aims to get large organisations to divest from companies involved in mining or the arms industry, and those using the ‘social return’ model push for something different on the bottom line.  As he points out, the aim of much of this is education as well as advocacy – by getting involved we learn more about the financial system. But he counsels that you  have to maintain radical input, you must not allow the social impact  bond, for example, to be co-opted by Goldman Sachs and used in their PR campaigns! Nevertheless he says it is a mistake to see bankers as just the stereotypical 'greedy bankers', arguing that people go into finance for a variety of reasons -  financial reward is just one of those reasons. with family pressures and intellectual challenge being equally important. This is an excellent starting point for anyone who wants to begin to understand the financial system in order to change it. Guide to Global Finance: Hacking the Future of Money is published by Pluto Press, price £11.50.

What do you do if you are a veteran Wall Street trader who worked for Lehman Bros. when the collapse came?  To make matters even worse you were struck down by an ambulance and had to go through months of recovery.  Then when you finally returned to work, you were fired. What you might do is turn to a new job in the 380 billion dollar industry that can return profits even bigger than Wall Street....sports gambling.  That's what Joe Peta did, but with difference. He used his skills as a Wall Street trader to bring discipline and metrics to sports betting. Riffing off the work of Bill James and Nate Silver, he would turn his dark days into a 41% profit and in the process, shares his story in Trading Bases: A Story About Wall Street, Gambling, and Baseball. My conversation with Joe Peta:

(This is one of a part of a series of WORDS TO LIVE BY. This series grew out of a workbook I first made for my young daughters and discussed at the dinner table. These Words include values, good ideas, and Words to aspire to….and learn from….enjoy!) Today’s Word To Live By: Encouragement – Definition: help, support - Antonyms: denunciation, derision, deterrent, discouragement Years ago I was unemployed for the first time in my life and I struggled to find a new job. Frankly, I applied everywhere and I would have taken just about anything. The Lehman Bros. “thing” happened and I just was in a funk anyway, so it was tough. I finally did find a good job at a solid company. I had a boss that was very encouraging, very supportive. Many people on the team were also encouraging, helpful, etc. I had a tough time getting out of my own ‘funk’ and getting back the confidence and esteem that I once had. Part of the job required me to go away for training with others from around the country. I really enjoyed the whole experience and think about those people and times fondly. I recall that first day at training. We were all pushed outside of our comfort zone, which was good but hard. I knew no one. I was struggling to do well…. we all had to do a few different tasks, presentations, calls, proposals, etc. etc. “The finest gift you can give anyone is encouragement. Yet, almost no one gets the encouragement they need to grow to their full potential. If everyone received the encouragement they need to grow, the genius in most everyone would blossom and the world would produce abundance beyond the wildest dreams. We would have more than one Einstein, Edison, Schweitzer, Mother Theresa, Dr. Salk and other great minds in a century.”—Sidney Madwed Then, one of the other ‘students’ just like me, made a comment. I wish I could remember exactly what he said. I think that I was just plain shocked, I wasn’t expecting it. Anyways, he encouraged me that I did some things well, others things were good but could improve, and gave me lots of encouragement. He stated how he had struggled with the same thing and was right there with me. He didn’t gain anything by helping or encouraging me – at least none that I could see. He was just being a good guy. Others in our group seemed to continue to encourage each other. I found myself doing it more than usual. We became a cohesive group and stayed in touch for quite a long time after, which was unusual, I’m told. I think back in grade school, in high school, college, and in life. Sometimes, like the example above, I don’t remember what someone said specifically, but I definitely recall times when people offered encouragement. It may have been something small like spelling a word, hitting a ball, doing a chore. It sometimes was bigger things like a relationship, a job, a big financial challenge. I can see and feel those words of encouragement. They still warm my heart today. I think about times when I encouraged others. First, it feels good to me when I think about supporting others. Second, I frankly am a little sad that I didn’t do it more often. I know that I want to do it more in the present and future. It isn’t that hard, is it? Encouragement, support, help isn’t that hard to offer is it? Real friends are loving in an unconditional manner. They accept you for your faults, the quirky things that you do or so, and regardless of what you “do for them.” Friends offer support. Friends are a good influence. Friends offer encouragement. We need to choose our friends carefully. It doesn’t matter their income, status, style, or dress. I try to be a good friend too, but again I sometimes feel that I am lacking here. Tony Dungy, NFL coach, player, and author, said once, “Peer pressure works in both directions.” Do we encourage? Do we support? Do we set a good example? Do we provide a positive influence to others? Are we complainers? Do we point out others weaknesses or kick them while we are down? Or do we help them up and give them a gentle push when they need it? Encouraging others is about helping them focus on what they’re doing right, what’s going right in their life, and what good things they have to offer. We can encourage others by helping them see the donut and not the hole. We can be positive. Encouragement can be specific words like “you can do it.” Sometimes it might be a silent action of setting an example. Sometimes it is simply a sign of solidarity. I believe that we’re each created for a reason, that we have a purpose. It may be something big and cool like writing a bestseller, saving a life, or something spectacular. Or it may be simply giving that one person, maybe even a stranger, that little bit of encouragement one day in our life. Maybe its about that one little comment that we gave our friend, which seemed almost inconsiquential to us, that literally saved their life as they were going through their challenges. I recall a tough time when many people around me seemed to question me, put me down, and I questioned myself, I made some bad choices and I was feeling low. Then I happened to think about two little statements – one statement my father said to me once about his own struggles and basically amounted to being “if I can do it Jim, then you certainly can do it….”. Another one was from a teacher of mine….I’m sure he made the comment almost in passing and probably forgot about it soon after, but his words of encouragement have helped me keep moving on for years and I even thought about it again this morning when I had something come up. Life can be tough, it can offer challenges, right? We can lift each other up, we can tear down, or we can do neither, just passing through life without input or gusto. We all need encouragement. We need support. Humans need this sort of thing from our friends and from strangers. There are studies that show that when we encourage, support or help others, it not only helps that person’s spirit, mind and body, we the encourager benefit. Endorphins and other good things flow in our bodies and theirs – we both feel good. But wait, it’s not over yet – studies also show that observers, people who watch you and I encourage another person – also benefit – they have many of the same ‘feel good’ benefits. All three parties win. We all receive the benefit of encouragement. There is an article titled “19 Healthy Reasons to Help Others” that states “If you see someone who is drowning and throw him a rope, he gets a benefit, no question about it. But you might, too. Your body might flood with feel-good chemicals that have a deep evolutionary heritage. You might get a little extra buffer from life’s stresses. Your heart might beat a little healthier. Your immune system might perk up. Your mood might lift.” http://www.huffingtonpost.com/2011/07/28/health-benefits-of-volunteering-helping-others_n_909713.html#s316118&title=Helpers_Live_Longer There is a great book for children – but we all can benefit from reading it – about helping others such as I just mentioned. It is written by Carol McCloud – Have You Filled a Bucket Today: A Guide to Daily Happiness for Kids….except it should just say “for people”. As I mentioned above, sometimes I just don’t think about encouraging others as much as I should, or as I’d like to ….. but I certainly want to ….. I’d love to provide a positive influence on others each and everyday. When was the last time you made a call, wrote a letter, said something along the lines of encouragement? Can you mentor someone? Is there even something little or anonymous that you can do? Encouraging others leaves a wonderful trail of great memories in our lives and the lives of others. Like the memories I spoke of above from loved ones and from strangers, these memories will hang around for years and for decades. Let’s create some encouraging memories, let’s create some goodwill and do unto others what we’d like done to us. “When the need for encourament words or inspirational words come, it does not matter who is saying them or why but what becomes vital is to feel encouraged, motivated and inspired to take what ever life throws as you.” No matter where you are in life or what your consequences are, you can give….and I bet when you give, you’ll receive something back too. What can you do to encourage yourself? Ask great questions – empowering questions. Think about past successes, reflect on good things in life, talk nicely to yourself. What can you do otherwise? Do you know of an encouraging book? Watch a good movie (like Rocky)? What are some encouraging songs and music that can kick start your day? What are some ways that you can encourage yourself in the morning? In the car? What people in your life encourage you? Did you thank them? Can you return the favor? Can you emulate them to help others? How can you build habits around encouragement? Can you challenge someone? Can you mentor? can you just lend support? I challenge you to make your life a masterpiece. I challenge you to join the ranks of those people who live what they teach, who walk their talk. - Tony Robbins BELOW ARE TWO “HOW TO” ARTICLES ABOUT ENCOURAGEMENT. ENJOY! The Below is An Article from Livestrong.com How to Encourage Someone Jan 23, 2010 | By Jae IrelandJae Ireland specializes in keyword research and internet marketing. Getting her start with a small internet marketing firm in 2005, she has since designed and written for well over twenty commercial and informational websites. Her areas of interest and expertise include fashion, parenting, home improvement and health and fitness. Whether it’s a friend, family member or coworker, encouraging someone can help spur them to be better versions of themselves. It may be for a better life, a promotion or to help them through a debilitating illness, but you have the power to keep the future bright and keep your friend working toward her goal. While you may think encouragement is only about kind words, true encouragement requires tough questions, honesty and support for someone who is trying to accomplish a goal. Step 1 Be honest about the process, says InsiderReport.com’s Michael Angier. Encouragement doesn’t have to be about false positive notions. If the progress isn’t happening as fast as your friend would like, be honest and let him know that he’s right, but he has better control of the situation when taking it slow and steady. Telling the truth can help give another opinion on how to accomplish the task at hand. Why Men Pull Away 10 Ugly Mistakes Women Make That Ruins Any Chances Of A Relationship CatchHimAndKeepHim.com Sponsored Links Step 2 Find the positive in every experience. Your friend may feel discouraged because of a recent failure, but point out what she’s learned from the failure and how she can use it to her advantage. Encourage her to learn from her mistakes and become better for them. Step 3 Ask intelligent questions about the progress of the goal. You may have a friend who is depressed about an illness, so you can ask questions about the prognosis so that you know how to encourage, whether it’s for a cure or for living a full life while he can. Asking questions about a project for work or school can help your friend see places where he needs to improve for a better project overall. Step 4 Look for positive progress along the way, even if it isn’t exactly the progress your friend was originally looking for. Any small success should be celebrated to encourage your friend to keep moving forward. Be your friend’s biggest supporter when it comes to accomplishment, cheering her on until she accomplishes her goal. Step 5 Send notes of encouragement to stay in touch and keep your friend motivated. ThinkOfProsperty.com recommends that you send a card or a letter to offer your encouragement, send an email or drop by with words of encouragement and a hug to keep the progress moving and to show your lasting support. Read more: http://www.livestrong.com/article/75762-encourage-someone/#ixzz26xV44TB3 —– THE BELOW IS FROM http://powertochange.com 19 Ways to Encourage Others Written by Stacy Wiebe Learn how to develop an encouraging heart 1.Encouragement goes straight to the heart.In fact, the word itself comes from a combination of the prefix “en” which means “to put into” and the Latin word “cor” which means heart. ◦Knowing what a big difference encouragement makes in your own life, what can you do to help others “to take heart” when the going gets tough and way feels long? 2.Become aware of what encourages you, and do those same things for others. 3.Learn individuals’ “love language”-the special way in which they feel most valued. In his book, The Five Languages of Love, Gary Chapman explains that not everyone’s emotional needs are met in the same way, and that it’s important to learn to speak others’ love language. The five love languages are: words of affirmation, spending quality time, receiving gifts, acts of service and physical touch. 4.If an encouraging thought comes to mind, share it! It may not have the same effect if you wait. Don’t let shyness hold you back. Instead, form a new habit: “Encourage one another daily, as long as it is called Today…” (Hebrews 3:13). 5.When you introduce someone, add a few words of praise for the person’s abilities, accomplishments, about how they’ve helped you or about the nature of your relationship. It’s encouraging to be praised in front of others.* 6.When someone is discouraged or hurting, offer specific, practical help. If you ask, “How can I help?” the person might be at a loss to answer. It’s better to ask, “Would it help if I…(specific action) or say, “I would like to…(specific action)?* 7.Remind fellow Christians of the specific promises of God and characteristics of God. We may know something with our mind, but need to be reminded in our heart. The Apostle Peter wrote, “I will always remind you of these things, even though you know them and are firmly established in the truth you now have” (2 Peter 1:12). 8.Write someone a note to tell them that you’re praying for them. Tell them what you’re praying. You can pray specific Scriptures for individuals such as Romans 15:13, “[I pray that] the God of hope [will] fill you with all joy and peace as you trust in Him, so that you may overflow with hope by the power of the Holy Spirit.” 9.Make celebration a more regular part of your relationships. Celebrate others’ victories, large and small-with a note, with coffee together, with a special meal, a congratulatory phone call or just a high-five! 10.Be specific when you offer words of praise; it makes your encouragement more credible and concrete “You did a great job at…” “I really appreciate that you…” “I was really impressed that you…” 11.Encourage other believers with a reminder of Christ’s coming. It redirects our thinking to an eternal perspective and ultimate deliverance from the sin and death. “We who are still alive and are left will be caught up in the clouds to meet the Lord in the air. And so we will be with the Lord forever. Therefore encourage each other with these words” (1 Thessalonians 5:17b-18). 12.Realize the power of presence. Just being there is encouraging! When you’re with others, you’re telling them that they’re important. The Apostle Paul closed his letter to the church at Colosse promising to send his friend Tychius “that he may encourage your hearts” (Colossians 4:8b). 13.If you’re part of a church, Bible study or fellowship, be committed to showing up. Your simple presence encourages others that they are part of a community of faith and that they are not alone. That’s why the writer of Hebrews says, “Let us not give up the habit of meeting together, as some are in the habit of doing, but let us encourage one another-and all the more as we see the Day approaching” (Hebrews 10:25). 14.If someone you know is working on a large project, send her a single flower to encourage her at the beginning of the project, and a full bouquet when it’s done.* 15.Use encouragement as an outreach. If anyone should be known for being an encourager, it should be the Christian. Write a letter of appreciation to people at work, your apartment manager, your child’s teacher or your doctor. Often when we interact with these people, we are asking for their services. Take time just to say thank you!* 16.If you really want to encourage someone who gives you excellent service, write a letter of commendation to the person’s boss.* 17.We could learn something from the way team athletes freely pat, touch and high-five each other in competition. Touch is a powerful encouragement. Be sure to be sensitive in this area, though. Ask someone if you can hug her first. And be careful to be above reproach with persons of the opposite sex. 18.When you see someone making positive changes in their lives, affirm them. “You seem to have a really great attitude about…” “It may be that I’m just starting to take notice, but I see that you’re…” “Do you think that you are becoming more…?” 19.Tell people how they’ve encouraged you! 20.more at http://powertochange.com/experience/life/encourage/

On Sunday nights during football season, Bryan Marsal locks himself in his den to watch the game. But on Sunday, Sept. 14, 2008, the co-CEO of high-profile turnaround advisory firm Alvarez & Marsal, the Board of Lehman Bros., one of Wall Street's most storied institutions, was asking him to oversee the bankruptcy and likely liquidation of the firm.

--{ Bankers' Logo -- Where'd Money Go? -- Why, We Don't Know: "We Wade Through the News, Mainly Pablum Variety, Trying to Make Sense of this Directed Society, Following Farces of Inquiries into Each Major Event, Followed by Inquiries as to Where Evidence Went, Don't Wait Expectantly for Truth, Before You Retire, You See the Only Right We Have, Is the Right to Inquire, Those Under the Microscope, with Arrogant Confidence, Give Short, Straight-Faced Replies 'It's All Down to Providence,' Look at the Banking Inquiry, The Experts in Loan, Confident in Mammon, Who Takes Care of His Own" © Alan Watt }-- Searching for Reality - Education to Standardize, Social Engineering by Teachers - Given a Carrot to Chase After, Rags-to-Riches Stories - Looking Back for a More Free Time - Canada, Post-WWII Industrial (Former) Countries - Tool of Money for Controlling Nations, God of Mammon - Training to Accept Guidance of "Experts" and Shepherds. Parties Seeking to Replace Present System with their Own, Marxism - Blend of Capitalist and Communist for Socialist Society - Totalitarian "Philosophers" and Academics - Leo Strauss - Perpetual War - The "Noble Lie". Banking Cabal, Decisions Made in Secret - Rothschild Dynasty - Private Federal Reserve, AIG, Lehman Bros. - Bernanke, Paulson, Geithner, Denials of Involvement in Bailouts and Bank Dealings. Years-Long Taxpayer-Funded Inquiries that Go Nowhere - Murder of David Kelly, Findings Classified 70 Years - Tony Blair, Iraq War Inquiry, Evidence Refused. Britain and its Colonies - On-the-Spot Fines (Extortion) for Ludicrous "Crimes" - Replacing so-called "Policemen". Special Forces, Battlefield "Medical" Exercises on Gunned-down Sheep - Pigs Exploded in "Terrorism" Experiments (to "Save Lives"). Increased Years in School, Payment to Attend - Fluoridation Farce. (See http://www.cuttingthroughthematrix.com for article links.) *Title/Poem and Dialogue Copyrighted Alan Watt - Jan. 29, 2010 (Exempting Music, Literary Quotes, and Callers' Comments)

Edition #300 Looks back, layoffs, tax cuts and stock drops Act 1: Laying off the robots - Wait wait don't tell me! Act 2: The Lehman shock - Slate.com Act 3: Champagne drained from corporate pool - The Onion Act 4: Consensus On Fixing Financial System Erodes - NPR Act 5: Krugman on the 'return of depression economics - Colbert Report Act 6: Hannity misleads on unemployment numbers - Counterspin Act 7: Discussing Lehman Bros and the economic politics - New Yorker Act 8: 1-year anniversary of Lehman Bros collapse - Daily Show Act 9: Deficits as the bogeyman - Counterspin Act 10: Area coach calls star athlete 'too big to fail' - The Onion Act 11: Bush vs. Clinton Do tax cuts work? - The Young Turks Act 12: Good news / bad news America's recession - Daily Show Music: Also sprach Zarathustra (Thus Spoke Zoroaster), tone poem for orchestra, Op. 30 [Main Title] - Vienna Philharmonic Orchestra Never recover - The Cardigans Kyoko's House ("stage blood is not enough") - Philip Glass Boulevard Of Broken Dreams - Green Day Bury my with my car - Ben Sollee Little Lies - Fleetwood Mac Save me - Aimee Mann Torn Blue Foam Couch - Grand archives Trouble me - 10,000 maniacs Wraith Pinned to the Mist and Other Games - Of Montreal Keepsake - State Radio Produced by: Jay! Thanks for listening! Visit us at www.BestOfTheLeft.com Contact me directly at Jay@BestOfTheLeft.com Vote for us and leave comments at www.PodcastAlley.com or Review the show on iTunes.

--{ The Mass is Easy Prey for Men Like Edward Bernays: "From Standardized Consumer Directed by Stealth, Guided into 'The Century of The Self,' Items which Lasted, Now Gone, Oh Dismay, Thanks to Lehman Bros. and Edward Bernays, Advisor to Leaders, This Man with Babble, Had Secret Training in Managing Rabble, Planned Obsolescence Became the Rule, New is Better, The Object to Fool, Unconscious Desires, 'You Deserve It,' Throw Old Away, No Need to Preserve It, This Sigmund's Nephew Knew the Game, Treat People as Fools, All the Same, Fooled a Nation to War under Red Scare Pretense, Died Rich in Old Age, No Trace of Repentance" © Alan Watt }-- Economic Worry, Taxpayer-Funded Bailouts - Economists - "Common Purpose" group - Chatham House, RIIA, OSS, Intelligence Services - Future Leader Training. Century of Change, Controlled Society - Machinations of Government - Ancient History, Pharaohs, Fake Past - Culture Creation - Darwin's "Origin of Species", Adaptation, Self-Destruction. Communism, Brainwashing Youth - World War II, Nuremberg Trials, BBC Archives - Hermann Goering. Edward Bernays, Freud, Sea of Unconscious, Propaganda - Psychiatry, Distrust of Public - Mass Marketing, Emotional Fulfilment - Guatemala, President Smear Campaign, War. Selling an Idea - Focus Groups - Women's Fashion, Smoking - Exploitation of Weaknesses. Behavior Motivation, Modification, Mind Control - L.A. Convent - Toronto Blessing - "Personal" Items - Marketers, Elections, Polls. World War I, Empire Building - Psychiatrists and Politicians, Perception Distortion - Observation, ID - Natzi Germany - Mental Health Monitoring. Transition Phase - Media, Advertising, Product Placement, Bypassing Parents of Children - Totalitarian System. (Articles: [VIDEO: "Common Purpose N.W.O Fifth Column Brian Gerrish" [9 Parts] (youtube.com).] [VIDEO: "The Living Dead" 1995 by Adam Curtis (video.google.com).] [VIDEO: "The Century Of The Self" by Adam Curtis (video.google.com).]) *Title/Poem and Dialogue Copyrighted Alan Watt - Jan. 12, 2009 (Exempting Music, Literary Quotes, and Callers' Comments)

We've spoken about the Great Depression, but how does Nana feel about this current financial situation? Yesterday Merrill Lynch sold itself to B of A and Lehman Bros went down as well. What can we expect in these troubling times? How long will it take for us to bounce back? Does Nana have any suggestions about how to protect our money?

We've spoken about the Great Depression, but how does Nana feel about this current financial situation? Yesterday Merrill Lynch sold itself to B of A and Lehman Bros went down as well. What can we expect in these troubling times? How long will it take for us to bounce back? Does Nana have any suggestions about how to protect our money?