Podcasts about Quantitative

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Best podcasts about Quantitative

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Latest podcast episodes about Quantitative

Sell With Authority
Win Clients Before the First Meeting, with George Swetlitz

Sell With Authority

Play Episode Listen Later Jul 9, 2025 36:50


For this episode of Sell With Authority we're zeroing in on something every agency needs — trust at scale. Not vanity metrics. Not louder messaging in an already crowded feed. Real credibility — earned in public — where your right-fit clients are watching, judging, and deciding whether you're the expert worth hiring. The noise isn't going away. And if you've been putting in the work — creating content, showing up on the right channels, following all the authority-building advice — but your pipeline still feels sluggish or unpredictable, you might be stuck in what we call “yelling in a crowded arena.” And that's exactly why today's conversation matters. According to Edelman's 2025 Trust Barometer, nearly 70% of buyers say they've made a purchasing decision based on what they saw in public forums — reviews, comments, even how companies respond. Your agency's reputation, and your clients' reputations, are being shaped long before any discovery call gets booked. Your authority position isn't just your content — it's how you show up in conversations that are already happening online. What if you could help your agency — and your right-fit clients — show up more consistently, more authentically, and with more trust, without burning out your team? That's why I'm excited to introduce today's guest George Swetlitz, co-founder of RightResponse AI. George isn't just another SaaS founder chasing trends. He knows how to lead teams, implement systems, and grow by solving real problems — repeatably. His mission now is giving agencies a way to scale review response, build trust across platforms, and mine authentic insight — all without sacrificing the human touch. If you're looking for a smarter way to earn authority… If you want to build trust before that first meeting is even on the calendar… And if you're curious how AI can actually help you do more with less — this conversation with George is one you don't want to miss. What you will learn in this episode:  Why your authority position is decided before you ever get a meeting The moment when reviews and responses become the “make or break” for customer conversion A behind-the-scenes look at big AI vs. little AI How reviews, competitor analysis, and the “recency effect” can future-proof your authority in pitches and client retention Quantitative strategies to use reviews as data Why your website isn't the center of your reputation universe How to step into a sales pitch armed with hard data about a prospective client's competitive landscape Resources: Website: https://www.rightresponseai.com/ LinkedIn Personal: https://www.linkedin.com/in/george-swetlitz-7b43812/ LinkedIn Business: https://www.linkedin.com/company/rightresponse-inc/

Dividende Club : Vivre libre grâce à la bourse
Pourquoi est ce si difficile de suivre une stratégie quantitative ?

Dividende Club : Vivre libre grâce à la bourse

Play Episode Listen Later Jul 8, 2025 13:13


Canal Momentum : https://mailchi.mp/6dc86b4d1728/liste-attente-lettre-bn 

Eccles Business Buzz
S8E8: Investing in Future Leaders: The Strategic Role of Quantitative Skills feat. Scott Schaefer

Eccles Business Buzz

Play Episode Listen Later Jul 3, 2025 29:31


Season 8 continues with our conversations about the new strategic direction at the David Eccles School of Business with a particular focus on the third pillar of the new strategic plan: reputation and legacy. Scott Schaefer is a chair and professor in the division of Quantitative Analysis of Markets and Organizations (QAMO) at the Marriner S Eccles Institute for Economics and Quantitative Analysis. Frances and Scott discuss the legacy of Mariner S. Eccles, the goals of the Institute, and the importance of quantitative skills in business education. Scott elaborates on how the QAMO major equips students with analytical, strategic, and market understanding, preparing them for diverse career paths. Scott also touches upon the societal impact of the institute, the crucial role of faculty research, and the aspirations to position the David Eccles School of Business among the top 10 public business schools by the year 2030.Eccles Business Buzz is a production of the David Eccles School of Business and is produced by University.fm.Eccles Business Buzz is proud to be selected by FeedSpot as one of the Top 70 Business School podcasts on the web. Learn more athttps://podcast.feedspot.com/us_business_school_podcasts. Episode Quotes:3 focal points of the QAMO program[03:55] What we focus on in our program is taking the parts of economics that are really applicable to business decision-making and showing those to undergraduate students and giving them those skills. We like to say we focus on three things in that program. We focus on how markets work. We focus on how to think strategically and how to analyze data.The importance of having quantitative skills[11:57] Frances Johnson: Do you think that sometimes quantitative skills get a little de-emphasized, and why are those skills just as important? Talk about the package and why these quantitative skills have to be as much a part of a successful business education.[13:54] Scott Schaefer: If you're going to rise and lead and really understand all the pieces of an organization, you've got to have the whole package. Not that everybody needs to be [a] calculus genius, but if you don't have quantitative skills enough to understand what the quantitative people in your organization are saying to you, then you know they're going to mislead you for their own purposes, and you're going to run that train right off the tracks. So, I think that the people I've met tend to be incredibly well-rounded. They don't have to be great at everything, but they have to be good enough at everything. It's a very complicated skill set needed to run a business effectively. And I think we should hold business decision-making in higher regard because it's incredibly complicated and also important.How the Marriner S. Eccles Institute is shaping the reputation and legacy of our school[18:04] You know, one of the ways that students could become, for example, the CEO of an S&P 500 company would be to start a career in consulting, transition at some point to that client, and then work their way up through that company. And so, it would be great to have alumni in positions like that, you know, leading the largest companies in the United States. We've had alumni have that career trajectory before. Would be great to have more, to give those opportunities to students. And I think that will increase the prominence of our institution. That's the kind of thing that top 10 public business schools do. And I think we're on the path to getting there. With regard to the reputation of the place, more broadly, outside of just what our alumni do, you know, we've hired outstanding faculty as part of the Marriner S. Eccles Institute. That's a big part of what the original gift was designed to do—to help us build a faculty. And our professors are doing really outstanding economics research that's building our reputation within academia. And so, we have our target set firmly on the top public business schools. You know, we look at a place like Berkeley or Michigan or Indiana or UCLA, and we're looking at who their faculty are and what kind of research they're producing and the societal impact of that research. That's what we're after. And we're really in the process of hitting that mark. Our faculty has really hit their stride over the last few years. And we're very excited for the future.Show Links:Scott Schaefer | Faculty Profile | University of UtahScott Schaefer | LinkedInMarriner S. Eccles Institute for Economics and Quantitative AnalysisDavid Eccles School of Business (@ubusiness) | InstagramUndergraduate Scholars ProgramsRising Business LeadersEccles Alumni Network (@ecclesalumni) | Instagram Eccles Experience Magazine

pharmaphorum Podcast
On patient-centric treatment decisions and the value of quantitative methodologies, in conversation with Marc Buyse

pharmaphorum Podcast

Play Episode Listen Later Jul 3, 2025 16:33


In today's healthcare landscape, there is a pressing need for quantitative methodologies that include the patients' perspective in any treatment decision. In a new pharmaphorum podcast, web editor Nicole Raleigh spoke with Marc Buyse, founder of IDDI and One2Treat, and also co-founder of CluePoints, about his recent work as one of the editors of – and a chapter contributor to – the first edition of "

Rule Breaker Investing
June 2025 Mailbag: Top Quantitative Traits for Rule Breaker Stocks

Rule Breaker Investing

Play Episode Listen Later Jun 25, 2025 46:06


June brings us another motley mailbag, where your notes nudged David to share, among other things: *his top quantitative traits for a great stock *summary thoughts a few years later on Michael Hebb's Let's Talk About Death (over Dinner) *consideration of a Peacock streaming road trip show with Fools that never happened *a trip back in our time machine to see what was Amazon's market cap in 1999! Companies mentioned: AMZN, BRK.A, BRK.B, WMT Sign up for The Motley Fool's Breakfast News here www.fool.com/breakfastnews Pre-order David's upcoming Rule Breaker Investing book here: https://www.amazon.com/gp/product/1804091219/ Host: David GardnerProducer: Bart Shannon Learn more about your ad choices. Visit megaphone.fm/adchoices

Audible Bleeding
JVS CIT Editorials and Abstracts: June 2025

Audible Bleeding

Play Episode Listen Later Jun 25, 2025 31:17


In this episode, we spotlight editorials and abstracts from the Journal of Vascular Surgery Cases, Innovations, and Techniques (JVS-CIT). Editorials and Abstracts are read by Authors as well as members of the SVS Social Media Ambassadors.    Guests: Juliet Blakeslee-Carter, MD (@AWBeckMD) The value and structure of writing a vascular surgery case report: A student's guide   Neha Gupta (@nehaha00) We don't know what we don't know, until we do Colonic ischemia and the role of inferior mesenteric artery reimplantation after abdominal aortic aneurysm repair Abdominal aortic aneurysm classification based on dynamic intraluminal thrombus analysis during cardiac cycle Quantitative intra-arterial fluorescence angiography for direct monitoring of peripheral revascularization effects   Ben Li, MD (@ben_li123) An introduction to the journal review and editorial process   Hosts: John Culhane (@JohnCulhaneMD)  Follow us @audiblebleeding   Learn more about us at https://www.audiblebleeding.com/about-1/ and provide us with your feedback with our listener survey.   *Gore is a financial sponsor of this podcast, which has been independently developed by the presenters and does not constitute medical advice from Gore. Always consult the Instructions for Use (IFU) prior to using any medical device.    

Investing Experts
Steven Cress' top 10 stocks for H2 2025

Investing Experts

Play Episode Listen Later Jun 23, 2025 56:26


Steven Cress, Seeking Alpha's VP of Quantitative Strategy, on this very volatile year (1:15). Strategies employed in quant; top 10 picks' track record (14:00). Why Barclays is a Strong Buy (31:15). Pick #2, Prudential out of Asia (34:00). FinVolution, pick #3 (36:55). Power Solutions, pick #4 (38:40). Picks 5&6: New Gold and Gold Fields (42:10). Picks #7-10 (45:20). This is an excerpt from Top Stocks For H2 2025.Get 20% off Alpha Picks and PRO Quant Portfolio!Show Notes:Steven Cress' Top 2025 StocksMacro Outlook For H2 2025 With Dr. David KellySix Barbell Picks For A Turbulent MarketEpisode transcriptFor full access to analyst ratings, stock quant scores and dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions

SHIFT
The Future of AI is Quantitative

SHIFT

Play Episode Listen Later Jun 18, 2025 17:00


We join the MIT community in New York for an event focused on AI, innovation, and the evolving role of tech in society. SandboxAQ is a Google spinout that combines AI Large Quantitative Models and deep expertise in physics, biology, and chemistry in order to work on a wide range of hard problems, such as the prototyping of new materials and chemicals for manufacturing. Andrew McLaughlin is the company's chief operating officer. We sat down to chat after he made the case to the room that the future of AI may not be large language models, but quantitative.We Meet:  Andrew McLaughlin, COO of Sandbox AQ Credits:This episode of SHIFT was produced by Jennifer Strong with help from Emma Cillekens. It was mixed by Garret Lang, with original music from him and Jacob Gorski. Art by Meg Marco.

Answers from the Lab
Quantitative Adenovirus Assay Better Informs Post-Transplant Care: Joseph Yao, M.D.

Answers from the Lab

Play Episode Listen Later Jun 17, 2025 12:21


Joseph Yao, M.D., explains how Mayo Clinic Laboratories' new quantitative assay (Mayo ID: ADVQU) goes beyond qualitative testing to evaluate transplant patients for adenovirus infection. Adenovirus can cause life-threatening disease in immunocompromised transplant patients, especially children.(01:14)Could you give us a brief overview of this assay? (02:06)Can you explain the differences of the qualitative and quantitative methods and why we made the change to a quantitative adenovirus method? (04:00)When is this test typically ordered for transplant patients? Is it used throughout their treatment? (06:56)Could an immunocompromised person be unknowingly infected? (07:31)Is our quantitative method approved for pediatric patients? (08:00)How are the test results used to treat patients?(10:36)What other infections might providers consider alongside adeovirus?

Pass ACLS Tip of the Day
Quantitative Waveform Capnography Use in ACLS

Pass ACLS Tip of the Day

Play Episode Listen Later Jun 17, 2025 5:03


Quantitative waveform capnography is used in ACLS to objectively assess good CPR;confirm placement of an endotracheal tube; identify return of spontaneous circulation; and during post-cardiac arrest care.We can use waveform capnography with, and without, an advanced airway in place.Monitoring end tidal CO2 during rescue breathing.Use of capnography to objectively measure good CPR.Capnography is a preferred method of confirming endotracheal tube (ETT) placement over x-ray during a code.During CPR, a sudden increase in ETCO2 may indicate ROSC.Quantitative waveform capnography use in the post-cardiac arrest algorithm.Good luck with your ACLS class!Links: Buy Me a Coffee at https://buymeacoffee.com/paultaylor Practice ECG rhythms at Dialed Medics - https://dialedmedics.com/Free Prescription Discount Card - Download your free drug discount card to save money on prescription medications for you and your pets: https://safemeds.vipPass ACLS Web Site - Episode archives & other ACLS-related podcasts: https://passacls.com@Pass-ACLS-Podcast on LinkedIn

Talking Billions with Bogumil Baranowski
Dede Eyesan: The Global Multi-Bagger Hunt: How 446 Companies Became 10-Baggers While Most Investors Weren't Looking

Talking Billions with Bogumil Baranowski

Play Episode Listen Later Jun 16, 2025 49:31


Guest: Dede Eyesan - Founder of Jenga Investment Partners and author of "Global Outperformer"Dede Eyesan, the visionary founder of Jenga Investment Partners and author of Global Outperformers, who shares insights on identifying high-growth companies and navigating global markets with a unique blend of fundamental analysis and entrepreneurial spirit.Key Idea: The counterintuitive nature of finding investment winners globally and the extreme patience required to hold themKey Timestamps & Ideas3:00 - Early Investment LessonsMade first investment at age 10 in Nigerian stocks (Nestle Nigeria, 7up Bottling, First Bank). Two investments went up 4-5x, bank stock fell by half. Introduction to Warren Buffett and fundamental analysis.6:00 - Boarding School EconomicsLearned about delayed gratification and scarcity through food trading. Traded chicken (perishable) for chips (storable) - time arbitrage concept. "It's ironic that what taught me about money had nothing to do with money."9:00 - Investment Philosophy FormationInfluenced by Warren Buffett, Alan Gray (African value investor), and Carlos Slim. Peter Lynch's books: "One Up on Wall Street" and "Beating the Street". Understanding that environment impacts investment approach.16:00 - Global Outperformance ResearchFound 446 companies (not 200 expected) that were 10-baggers in 10 years. Less than 20% were in the US; more multibaggers in Europe than US. Japan was third-best performing country (surprising finding). Only 5-6% were multibaggers in consecutive decades.22:00 - Two Types of Winning BusinessesCyclical businesses with technical barriers to entry (salmon industry example) and large market opportunities with strong unit economics (BYD in China).29:00 - The Challenge of HoldingMSCI case study: stock flat for 9 years while earnings grew 15% annually. Many multibaggers were flat or down 40-50% in the three years before takeoff. Importance of returning to original investment thesis.35:00 - Quantitative vs. Qualitative AnalysisCannot screen for outperformers quantitatively alone. Developed 60-question checklist across 10 categories. Focus on depth over breadth in investment analysis.42:00 - Role of IntuitionIntuition is earned through experience (15-20 years). Overconfidence led to mistakes when abandoning systematic approach. Returning to detailed checklist process.47:00 - Definition of SuccessThree pillars: Individual happiness, family relationships, and client satisfaction. "I want to be in a place where the kids of my investors in 40 years time can look back and be like, yeah, my dad or my mom made a very good decision."Podcast Program – Disclosure StatementBlue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm's employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

SERious EPI
S4E11: Quantitative Bias Analysis

SERious EPI

Play Episode Listen Later Jun 15, 2025 47:42


In this episode we follow up on our conversation with Tim Lash on Quantitative Bias Analysis (QBA), something both Hailey and I have experience with. We talk about what QBA is, why you would want to use it and for what sources of bias it is most applicable. We talk about our own experience with QBA and when we find it most useful. We talk about cases where lots of measurement error leads to little bias and cases where small amounts of measurement error leads to lots of bias. We talk about the overused phrase “non-differential bias towards the null” and why we both hate it. We discuss the impact of bias in terms of direction, magnitude and uncertainty in study results. We talk about the critiques of the methods and when QBA should be done. And we discuss what the role of peer review is (and if it should include QBA). And we discuss Matt's whether our small talk is useful, our ability to time travel and whether naps are good or bad and if podcasts can nap.

The Julia La Roche Show
#265 Steve Hanke: Regime Uncertainty, 80% Recession Probability & How To Fix Monetary Policy

The Julia La Roche Show

Play Episode Listen Later Jun 12, 2025 47:11


Professor Steve H. Hanke, professor of applied economics at Johns Hopkins University and the founder and co-director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise, joins Julia La Roche on episode 265 to discuss the economy and his new book "Making Money Work: How to Rewrite the Rules of Our Financial System." Sponsors: Monetary Metals. https://monetary-metals.com/julia Kalshi: https://kalshi.com/juliaIn this episode, Hanke warns of an 80% recession probability by year-end, driven by regime uncertainty from Trump's policy changes and money supply contraction since April 2022. He critiques the Federal Reserve's narrow focus on interest rates while ignoring quantitative tightening and argues for putting money supply and commercial banks back at the center of monetary policy. Hanke explains how Fed policies create wealth inequality by inflating asset prices that benefit the rich, advocating for "neutrality" as the goal of monetary policy. He dismisses Trump's "big beautiful bill" as fiscally irresponsible and calls for a constitutional convention to implement a Swiss-style debt brake. The conversation covers his new book's thesis that monetary policy should focus on money supply growth rather than interest rates, with commercial banks producing 80% of the money supply through lending.Links: Twitter/X: https://x.com/steve_hankeMaking Money Work book: https://www.amazon.com/Making-Money-Work-Rewrite-Financial/dp/139425726000:00 - Introduction of Professor Steve Hanke 01:28 - Regime uncertainty concept and Trump's policy changes 03:52 - Tariffs as taxes on international transactions 06:20 - 80% recession probability by end of year 08:31 - Money supply contraction since April 2022 10:51 - Bubble indicator and market complacency discussion 12:52 - Family call interruption from Dominican Republic 13:24 - Market in bubble territory explanation 16:11 - Federal Reserve critique and FOMC meeting outlook 18:27 - Quantitative tightening vs interest rate focus 19:04 - Three pillars of the book's thesis 25:46 - Neutrality as monetary policy objective 29:30 - How Fed policy creates wealth inequality 32:15 - Catalyst for writing the book 37:09 - "Big beautiful bill" critique and fiscal concerns 42:34 - Swiss debt brake constitutional solution 46:25 - Key prices to watch: gold, 10-year yields, dollar-euro, stocks

Macro Hive Conversations With Bilal Hafeez
Ep. 311: Ralph Sueppel on Quant Trading Macro the Right Way

Macro Hive Conversations With Bilal Hafeez

Play Episode Listen Later Jun 5, 2025 48:11


Ralph Sueppel is Managing Director for Research and Trading Strategies at Macrosynergy. Previously, he was an Executive Member and Portfolio Manager at Graham Capital. During his tenure there, he created the Systemic Risk and Systematic Value Project (now Macrosynergy Research), a non-profit project dedicated to educating the broader financial community on the merits of socially responsible macro trading strategies. Before Graham, Ralph was head of quant macro and algorithmic strategies at UBS and worked as Senior Strategist and Portfolio Manager at BlueCrest Capital. Ralph began his career at J.P. Morgan in 1993. In this podcast we discuss the difference between academic and real-world quant, what ‘quantamental' is, typical quantitative macro strategies vs quantamental stratgies, and much more.    Follow us here for more amazing insights: https://macrohive.com/home-prime/ https://twitter.com/Macro_Hive https://www.linkedin.com/company/macro-hive

Dakota Rainmaker Podcast
Fundraising with Precision: Inside Optimizing Sales at LAB Quantitative Strategies with Shane McCarthy

Dakota Rainmaker Podcast

Play Episode Listen Later Jun 3, 2025 22:57


In this episode of the Rainmaker Podcast, host Gui Costin welcomes Shane McCarthy, Managing Director at LAB Quantitative Strategies, for a thoughtful and practical conversation on building a lean, high-performing fundraising function in a data-driven investment firm. With over 25 years in the investment industry across operations, risk, product development, and portfolio management, Shane brings a rare full-stack view of capital formation.Shane shares how LAB QS, a $1.8 billion multi-strategy hedge equity manager based in Denver, is built around a risk-first, liquid, and return-per-unit-of-risk mindset. Originally spun out from one of the largest family offices in the U.S., LAB QS retains a strong cultural alignment with high-net-worth and family office investors, with growing interest from RIAs and small institutions. Their hedged equity strategy is structured to smooth volatility, limit drawdowns, and complement broader asset allocations.The business development team is lean—just two people—but Shane emphasizes that LAB QS operates with a firmwide fundraising mentality, supported by every department, from operations to compliance. The sales strategy is guided from the executive committee level, with clear goals and aligned resource allocation. Everyone has defined roles, responsibilities, and expectations, which ensures a unified commercial mindset across the firm.McCarthy stresses that face-to-face interaction and trust-building are still paramount in capital raising, especially in today's saturated and competitive investment landscape. While Zoom helps with efficiency, nothing replaces the relationship-building power of sitting across from an investor.LAB QS's tech-forward approach is another key strength. They rely heavily on Salesforce for CRM, integrated with Dakota Marketplace for seamless prospecting and pipeline management. With support from a 10-person tech team, LAB QS uses proprietary tools to customize analytics and automate reporting, enabling more effective and informed client interactions.Culturally, LAB QS embraces a challenge process, encouraging employees at all levels to contribute ideas and question assumptions. This openness fosters humility, collaboration, and innovation—qualities that Shane believes are essential for long-term success.To young professionals, Shane offers grounded advice: embrace the long game, expect rejection, and focus on knowing your client deeply. His leadership and experience reinforce a message that great sales organizations are built on cross-functional collaboration, disciplined execution, and the humility to keep learning.Tired of chasing outdated leads? Book a demo to see how Dakota Marketplace simplifies your fundraising process with accurate, up-to-date investor data.   

Chasing Consciousness
DMT ENTITY ENCOUNTERS, A QUANTITATIVE STUDY - Dr David W Lawrence #73

Chasing Consciousness

Play Episode Listen Later May 31, 2025 79:07


What's the architecture of a DMT experience, who are the entities that regularly interact and what's their message? How can DMT therapy facilitate positive mental health outcomes?In this episode we're going to learn about the bizarre types of experience that users of DMT have; DMT being the most powerful hallucinogenic molecule on the planet. So we'll be getting into the background of psychedelics for mental health; and the particularities of DMT, the active ingredient in Ahyuasca and the psychedelic that most often presents entities that interact meaningfully with the experiencer; we're going to discuss the different types of entities: from mythological creatures, to Gods and Demons, to machine elves and aliens, and the significance of these same characters appearing significantly often without an obvious primer; we'll also discuss the importance of mystical experience and teacher /guide experiences to positive mental health outcomes.Fortunately our guest was the head researcher on a 2022 paper that looked at exactly this topic, the medical doctor and sports scientist professor at the University of Toronto, Dr. David Wyndham Lawrence. He's published over 35 scientific papers across sports science and psychedelics for medical use.What we discussed:00:00 Intro05:20 Concussion, sports mental health & psychedelic therapy.08:10 Bringing in Robin Carhartt-Harris on the gaps in sports mental health treatment.12:06 Why psychedelics for those already in psychological difficulty?14:04 Serotonin receptor - neuro-protective mitochondria function.15:00 DMT is endogenous to the brain. 18:20 Medical institution meets shamanism.23:50 David's DMT phenomenology paper.30:10 The architecture of the DMT world.32:60 Mostly positive, interactive entity encounters.37:05 Occasionally negative encounters.38:40 Negative psychedelic experiences study - Jules Evans.40:05 How much “Primers” from pop culture influence experiences.44:00 Alien encounters in %16 of participants.45:30 Medical procedures by entities in 9% of participants.47:05 Mystical experiences in %70 of participants.49:00 Familiarity/ sense of home in the experiences.52:20 Default Mode Network is less active during altered states.48:35 Ego dissolution Vs mystical experience.01:00:00 5meoDMT Vs DMT.01:03:20 Wise teacher experience in 32% of participants.01:05:20 Death bed palliative doses to alleviate fear of death.01:09:50 ‘You're not ready for this experience' message.01:11:05 Theories of DMT experiences evaluated.01:12:20 ”All models are false but some are useful”, anonymous statistician.References: David Lawrence, “Phenomenology and content of inhaled DMT” David Wyndham Lawrence and Robin Carhart-Harris, “Sports Medicine, Mental Health & Well-Being, and Psychedelics” Benny Shanon,  “Antipodies of the Mind”Matthew W. Johnson - Johns HopkinsAndrew Gallimore - “Death by Astonishment”Jules Evans et al, “Extended difficulties following the use of psychedelic drugs”Similarities between DMT and Alien encounters paperDavid W. Lawrence, “DMT Occasioned Familiarity and the Sense of Familiarity Questionnaire”Roland Griffiths, “Psilocybin produces substantial and sustained decreases in depression and anxiety in patients with life-threatening cancer”

HR Data Labs podcast
Susan LaMotte - Unlocking the Power of Custom Insights

HR Data Labs podcast

Play Episode Listen Later May 29, 2025 42:27 Transcription Available


Send us a textSusan LaMotte, the founder and CEO of exaqueo, joins us this episode to discuss the intricacies of acquiring custom data for your organization, how to pull the most impactful insights from that data, and how to secure support (financial and otherwise) for data collection. [0:00] IntroductionWelcome, Susan!Today's Topic: The Importance of Custom Data for HR and the Future of Benchmarking[5:55] What are HR teams missing when working with large amounts of data?Data vs. insightCritical data analysis that many HR teams overlook[17:01] How to gain useful insights from HR data?Quantitative vs. qualitative insightsHow organizations can address and accommodate their employees' personal needs[30:51] How can you get the data you need?Seeking data and insights from outside the digital norms like social mediaHR teams' ability to secure necessary funding for data collection[41:46] ClosingThanks for listening!To schedule a meeting with us: https://salary.com/hrdlconsulting For more HR Data Labs®, enjoy the HR Data Labs Brown Bag Lunch Hours every Friday at 2:00PM-2:30PM EST. Check it out here: https://hrdatalabs.com/brown-bag-lunch/ Produced by Affogato Media

Proactive - Interviews for investors
Saturna Capital's Scott Klimo highlights active, Islamic-Compliant Global ETF strategy

Proactive - Interviews for investors

Play Episode Listen Later May 29, 2025 6:54


Saturna Capital Chief Investment Officer Scott Klimo joined Steve Darling from Proactive to discuss the firm's distinctive approach to Islamic investing through its European-listed Saturna Al-Kawthar Global Focused Equity UCITS ETF. Saturna Capital is the largest manager of Islamic-compliant assets in North America, managing approximately $8 billion and bringing over 36 years of experience to the space. Klimo highlighted that the ETF is actively managed, setting it apart from most Islamic investment vehicles, which are typically index-based. Each month, the firm screens roughly 5,000 global stocks, of which around 2,400 meet its Islamic compliance criteria. The screening process includes: • Qualitative filters, excluding industries such as alcohol, tobacco, gambling, and conventional finance. • Quantitative rules, notably a cap on debt levels to ensure financial compliance with Islamic principles. Rather than seeing this narrower universe as restrictive, Klimo views it as a strength. “We're actually creating a pool of stocks that are predisposed to outperform,” he said, suggesting that compliant companies tend to be financially healthier and better positioned for downside protection. The ETF follows a global allocation strategy, with about 40% of holdings outside the U.S., focused on markets like Europe and Japan, where Klimo sees more attractive valuations. This approach allows investors to gain exposure to global equities while adhering to Islamic principles, backed by active management and disciplined screening. #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews #SaturnaCapital #ScottKlimo #IslamicInvesting #GlobalEquityETF #InvestmentStrategy #FinancialMarkets #IslamicFinance #AssetManagement #EthicalInvesting #MarketInsights #IslamicCompliantAssets #ETFInvesting #InvestmentPortfolio #EconomicOutlook #StockMarket #TechnologyStocks #HealthcareInvesting #IndustrialsSector #ConsumerStaples #ConsumerDiscretionary #InterestRates #MarketConditions #EconomicTrends #WealthManagement #AssetAllocation #InvestorInsights

Hemispherics
#80: El tracto corticoespinal: All in

Hemispherics

Play Episode Listen Later May 24, 2025 101:42


En este episodio, nos sumergimos en la vía motora más determinante del sistema nervioso humano: el tracto corticoespinal. A través de un recorrido detallado por su evolución, desarrollo, anatomía y función, analizamos por qué esta vía representa la gran apuesta evolutiva por la motricidad fina y por qué su lesión tiene consecuencias tan devastadoras. Hablamos de neurofisiología, de plasticidad, de evaluación con TMS y DTI, de terapias intensivas, neuromodulación, farmacología, robótica y de las posibilidades —y límites— reales de su regeneración tras un ictus. Si te interesa entender en profundidad cómo se ejecuta el movimiento voluntario y qué ocurre cuando esa vía falla, este episodio es para ti. Referencias del episodio: 1. Alawieh, A., Tomlinson, S., Adkins, D., Kautz, S., & Feng, W. (2017). Preclinical and Clinical Evidence on Ipsilateral Corticospinal Projections: Implication for Motor Recovery. Translational stroke research, 8(6), 529–540. https://doi.org/10.1007/s12975-017-0551-5 (https://pubmed.ncbi.nlm.nih.gov/28691140/). 2. Cho, M. J., Yeo, S. S., Lee, S. J., & Jang, S. H. (2023). Correlation between spasticity and corticospinal/corticoreticular tract status in stroke patients after early stage. Medicine, 102(17), e33604. https://doi.org/10.1097/MD.0000000000033604 (https://pubmed.ncbi.nlm.nih.gov/37115067/). 3. Dalamagkas, K., Tsintou, M., Rathi, Y., O'Donnell, L. J., Pasternak, O., Gong, X., Zhu, A., Savadjiev, P., Papadimitriou, G. M., Kubicki, M., Yeterian, E. H., & Makris, N. (2020). Individual variations of the human corticospinal tract and its hand-related motor fibers using diffusion MRI tractography. Brain imaging and behavior, 14(3), 696–714. https://doi.org/10.1007/s11682-018-0006-y (https://pubmed.ncbi.nlm.nih.gov/30617788/). 4. Duque-Parra, Jorge Eduardo, Mendoza-Zuluaga, Julián, & Barco-Ríos, John. (2020). El Tracto Cortico Espinal: Perspectiva Histórica. International Journal of Morphology, 38(6), 1614-1617. https://dx.doi.org/10.4067/S0717-95022020000601614 (https://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-95022020000601614). 5. Eyre, J. A., Miller, S., Clowry, G. J., Conway, E. A., & Watts, C. (2000). Functional corticospinal projections are established prenatally in the human foetus permitting involvement in the development of spinal motor centres. Brain : a journal of neurology, 123 ( Pt 1), 51–64. https://doi.org/10.1093/brain/123.1.51 (https://pubmed.ncbi.nlm.nih.gov/10611120/). 6. He, J., Zhang, F., Pan, Y., Feng, Y., Rushmore, J., Torio, E., Rathi, Y., Makris, N., Kikinis, R., Golby, A. J., & O'Donnell, L. J. (2023). Reconstructing the somatotopic organization of the corticospinal tract remains a challenge for modern tractography methods. Human brain mapping, 44(17), 6055–6073. https://doi.org/10.1002/hbm.26497 (https://pubmed.ncbi.nlm.nih.gov/37792280/). 7. Huang, L., Yi, L., Huang, H., Zhan, S., Chen, R., & Yue, Z. (2024). Corticospinal tract: a new hope for the treatment of post-stroke spasticity. Acta neurologica Belgica, 124(1), 25–36. https://doi.org/10.1007/s13760-023-02377-w (https://pubmed.ncbi.nlm.nih.gov/37704780/). 8. Kazim, S. F., Bowers, C. A., Cole, C. D., Varela, S., Karimov, Z., Martinez, E., Ogulnick, J. V., & Schmidt, M. H. (2021). Corticospinal Motor Circuit Plasticity After Spinal Cord Injury: Harnessing Neuroplasticity to Improve Functional Outcomes. Molecular neurobiology, 58(11), 5494–5516. https://doi.org/10.1007/s12035-021-02484-w (https://pubmed.ncbi.nlm.nih.gov/34341881/). 9. Kwon, Y. M., Kwon, H. G., Rose, J., & Son, S. M. (2016). The Change of Intra-cerebral CST Location during Childhood and Adolescence; Diffusion Tensor Tractography Study. Frontiers in human neuroscience, 10, 638. https://doi.org/10.3389/fnhum.2016.00638 (https://pubmed.ncbi.nlm.nih.gov/28066209/). 10. Lemon, R. N., Landau, W., Tutssel, D., & Lawrence, D. G. (2012). Lawrence and Kuypers (1968a, b) revisited: copies of the original filmed material from their classic papers in Brain. Brain : a journal of neurology, 135(Pt 7), 2290–2295. https://doi.org/10.1093/brain/aws037 (https://pubmed.ncbi.nlm.nih.gov/22374938/). 11. Li S. (2017). Spasticity, Motor Recovery, and Neural Plasticity after Stroke. Frontiers in neurology, 8, 120. https://doi.org/10.3389/fneur.2017.00120 (https://pubmed.ncbi.nlm.nih.gov/28421032/). 12. Liu, Z., Chopp, M., Ding, X., Cui, Y., & Li, Y. (2013). Axonal remodeling of the corticospinal tract in the spinal cord contributes to voluntary motor recovery after stroke in adult mice. Stroke, 44(7), 1951–1956. https://doi.org/10.1161/STROKEAHA.113.001162 (https://pubmed.ncbi.nlm.nih.gov/23696550/). 13. Liu, K., Lu, Y., Lee, J. K., Samara, R., Willenberg, R., Sears-Kraxberger, I., Tedeschi, A., Park, K. K., Jin, D., Cai, B., Xu, B., Connolly, L., Steward, O., Zheng, B., & He, Z. (2010). PTEN deletion enhances the regenerative ability of adult corticospinal neurons. Nature neuroscience, 13(9), 1075–1081. https://doi.org/10.1038/nn.2603 (https://pubmed.ncbi.nlm.nih.gov/20694004/). 14. Schieber M. H. (2007). Chapter 2 Comparative anatomy and physiology of the corticospinal system. Handbook of clinical neurology, 82, 15–37. https://doi.org/10.1016/S0072-9752(07)80005-4 (https://pubmed.ncbi.nlm.nih.gov/18808887/). 15. Stinear, C. M., Barber, P. A., Smale, P. R., Coxon, J. P., Fleming, M. K., & Byblow, W. D. (2007). Functional potential in chronic stroke patients depends on corticospinal tract integrity. Brain : a journal of neurology, 130(Pt 1), 170–180. https://doi.org/10.1093/brain/awl333 (https://pubmed.ncbi.nlm.nih.gov/17148468/). 16. Usuda, N., Sugawara, S. K., Fukuyama, H., Nakazawa, K., Amemiya, K., & Nishimura, Y. (2022). Quantitative comparison of corticospinal tracts arising from different cortical areas in humans. Neuroscience research, 183, 30–49. https://doi.org/10.1016/j.neures.2022.06.008 (https://pubmed.ncbi.nlm.nih.gov/35787428/). 17. Ward, N. S., Brander, F., & Kelly, K. (2019). Intensive upper limb neurorehabilitation in chronic stroke: outcomes from the Queen Square programme. Journal of neurology, neurosurgery, and psychiatry, 90(5), 498–506. https://doi.org/10.1136/jnnp-2018-319954 (https://pubmed.ncbi.nlm.nih.gov/30770457/). 18. Welniarz, Q., Dusart, I., & Roze, E. (2017). The corticospinal tract: Evolution, development, and human disorders. Developmental neurobiology, 77(7), 810–829. https://doi.org/10.1002/dneu.22455 (https://pubmed.ncbi.nlm.nih.gov/27706924/).

The Algorithmic Advantage
039 - Brett Steenbarger - Mental Keys to Quantitative Trading Success

The Algorithmic Advantage

Play Episode Listen Later May 16, 2025 58:18


Psychology for Quant Traders? Really?Quantitative futures traders like to think in code, not clichés—but Dr Brett Steenbarger makes a compelling case that mindset is part of the edge. In this interview, Brett argues that the same statistical rigor quants apply to markets should be applied to the grey matter behind the keyboard. Here's a guide for the advanced systematic trader who suspects “psy-stuff” might be more than motivational posters.The punch-line from Brett's research is simple: systematic trading is less “set-and-forget” and more Formula 1 pit-crew—engineering precision plus real-time human performance. Code finds edges; psychology keeps you creative enough to refresh them. Or, as one of Brett's blog posts puts it, “We can't run robust systems from brittle minds.” Not a bad mantra to stick on your trading monitor!#traderpsychology #tradermindset #tradinginthezone

SERious EPI
S4E10: Quantitative Bias Analysis with Dr. Tim Lash

SERious EPI

Play Episode Listen Later May 15, 2025 58:55


In this episode we talk to Dr. Timothy Lash of Emory University about Quantitative Bias Analysis (QBA). We talk about how QBA is any method that quantifies the impact of non-random error. We talk about direction magnitude and uncertainty. We differentiate from sensitivity analysis, and we talk about how to identify key sources of bias. We talk about bias models and bias parameters and how we draw inferences from bias analyses. We talk about validation data and where you can get it. We talk about why predictive values often aren't as useful as classification values for bias analysis. We talk about how bias analysis can strengthen your results and that our intuition about the impact of biases is t always great. And we talk about how bias analysis can guide your future research. We differentiate between simple and probabilistic bias analysis. And we end with some examples of cases where bias analysis is really helpful.

GameMakers
Why Most New Games Still Face-Plant — and How Player Insight Can Flip the Script

GameMakers

Play Episode Listen Later May 15, 2025 58:55


Why $200M games flop — and how LiveAware's “always-on” player insight flips the odds.• Echo-chamber dev culture & launch disasters• Quant vs qual data gap killing velocity• LiveAware's one-click capture → AI analyze → auto-Jira flow• Surfacing bugs & sentiment from Discord, YouTube, surveys• Dashboards that feed artists, designers, engineers the clips they need• Case studies: Dead as Disco, S.T.A.L.K.E.R. 2, Treehouse competitive intel• Indie-friendly pay-as-you-go pricing + roadmap to multi-channel feedback nirvanaOUTLINE:0:00 Underwhelming game launch failures4:00 Vision vs player expectation gap8:00 Quantitative vs qualitative data gap12:00 LiveAware capture analyze share workflow16:00 One-click streaming and transcription20:00 AI clusters themes and clips24:00 Tailored dashboards and auto Jira28:00 Multi-channel feedback aggregation explained32:00 Indie vs AAA use cases36:00 Dead as Disco success story40:00 S.T.A.L.K.E.R. 2 QA integration44:00 Signal vs noise management48:00 Feedback philosophy continuum debate52:00 Future roadmap and pricing plansSUBSCRIBE TO GAMEMAKERS:- Newsletter: https://gamemakers.substack.com/

GRE Snacks
How to think about GRE Quantitative Comparison questions in 2025

GRE Snacks

Play Episode Listen Later May 14, 2025 18:07


GRE Quantitative Comparison questions are one of the trickiest archetypes, so what's new about them in 2025? Erfun Guela is the founder of GRE Compass, authored a GRE prep book with over 100,000 sales, and has 15 years of GRE and GMAT tutoring experience. In this episode, Erfun shares updated tactics for approaching GRE Quantitative Comparison questions based on what he's seeing on the exam. Achievable is a modern test prep platform for the GRE exam - visit https://achievable.me to try it for free. GRE Compass is an elite GRE tutor in NYC and online - https://grecompass.com/

Retire With Style
Episode 178: Hedging Your Bets in Retirement: What You Should Know

Retire With Style

Play Episode Listen Later May 13, 2025 56:58


In this episode, Wade and Alex explore the world of hedge funds—what they are, how they're structured, and how they've evolved from simple hedging tools into complex investment vehicles. They break down common fee models, challenges in measuring performance, and the impact of data biases. The conversation also covers key hedge fund strategies—including long-short, market neutral, arbitrage, and quantitative approaches—highlighting their mechanics, risk profiles, and what they mean for investors, particularly those nearing retirement. Listen now to learn more!   Takeaways Hedge funds are actively managed investment vehicles with fewer regulatory constraints. They aim for absolute returns, regardless of market direction. The traditional fee model is “2 and 20”—2% management fee and 20% of profits. Fees are declining due to growing competition and investor scrutiny. Performance is difficult to assess due to survivorship bias and data limitations. Investors should be cautious of marketing claims and understand the fund's true strategy. Long-short strategies bet on both rising and falling stocks. Market neutral strategies attempt to remove market exposure to focus on relative performance. Arbitrage seeks to profit from temporary price inefficiencies. Quantitative strategies rely on data-driven models to guide trades. Risk premium harvesting involves tilting toward factors like value or momentum. Short selling helps with price discovery but carries risk due to unlimited loss potential. Understanding alpha (excess return) and beta (market exposure) is key to evaluating hedge fund performance. Technology is central to many modern trading strategies. Informed investors are better positioned to navigate complex alternatives like hedge funds. Chapters 00:00 Introduction to Hedge Funds 02:12 Understanding Hedge Funds 05:30 Fee Structures and Costs 10:00 Performance and Survivorship Bias 16:08 Hedge Fund Strategies Overview 22:43 Long-Short and Market Neutral Strategies 23:40 Understanding Long-Short Strategies 30:10 Exploring Market Neutral Strategies 38:11 Diving into Arbitrage and Quantitative Strategies   Links Join Us Live on YouTube – June 2nd at 2PM ET! Want to go beyond the podcast and be part of the conversation in real time? Wade and Alex will be hosting a special Retire With Style YouTube Live session, where you can ask your retirement questions and get answers on the spot. Head over to our YouTube channel now, hit Subscribe, and click the bell to get notified when we go live. We'll see you there! https://www.youtube.com/@retirewithstylepodcast The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean's free eBook, “Retirement Income Planning”

Food Safety Talk
Food Safety Talk 322: I'm Also Not A Food Scientist

Food Safety Talk

Play Episode Listen Later May 2, 2025 85:12


Dr. Xenia K. Morin | Department of Plant BiologyFederal Liability Protection For Food Donation LEGAL FACT SHEETFood Law & Policy Focus Areas and Projects - Center For Health Law and Policy InnovationLet's Free FoodCFP Issues Council I 20252025 Biennial Meeting | Biennial Meetings | Conference for Food ProtectionCouncil I Issues PacketRutgers Cooperative Extension Personnel Directory (Rutgers NJAES) Sara ElnakibSara Elnakib, PhD, MPH, RD | LinkedInHome - mealrecoverycoalition.orgEvaluating North Carolina Food Pantry Food Safety-Related Operating Procedures - PubMedFive Strategies For Reducing Greenhouse Gases Through Food Waste ReductionFood Safety Talk 255: Crunchy Granola Hippie Town — Food Safety Talk87. 27 Lbs of Unrefrigerated Feta Cheese — Risky or Not?Can infant formula and baby food be used after the date expires?About Pack Essentials | Pack EssentialsCollege and University Food InsecurityFood Waste Solutions & Statistics - Reducing Food Waste in the U.S.Quantitative microbiological spoilage risk assessment (QMSRA) of fresh poultry fillets during storage at retail - ScienceDirectFoodKeeper App | FoodSafety.govAmpleHarvest.org | Share your harvest with local pantriesEat or Toss? Is it OK to eat?Gleaning - WikipediaAmerica's Grow-a-Row | Help Feed The HungryFarmers Against Hunger - New Jersey Agricultural SocietySave Good Food From Going To Waste | Too Good To GoOlio - Your Local Sharing AppFood Safety Talk 179: My Oven is 1200 W — Food Safety TalkDurham Community Fridges Operate With a Spirit of AbundanceReduced Food Waste | Project Drawdown‘Sludge': Short film on Maine's PFAS crisis selected for local film festival - YouTubeWebinar from Wednesday, January 22nd, 2025 — NJ Association for Food ProtectionFaculty: Troy A. Roepke: Animal Sciences at Rutgers SEBSTime and temperature abuse of milk in conditions representing a school cafeteria share table does not meaningfully reduce microbial quality - ScienceDirect

EisnerAmper Podcast
Engaging Alternatives Spotlight: Quantitative Equity Investing in Global & Emerging Markets

EisnerAmper Podcast

Play Episode Listen Later May 1, 2025 12:01


In this episode of EisnerAmper's Engaging Alternative Spotlight, Elana Margulies-Snyderman, Director, Publications, EisnerAmper, speaks with Artemiza Woodgate, CIO & Founding Partner, Integrated Quantitative Investments. Artemiza shares her outlook for quantitative equities investing in global and emerging markets, including the greatest opportunities and challenges, how the firm integrates ESG, her experience being a woman in the industry and more.

Why It Matters
29. Why Social Listening Matters

Why It Matters

Play Episode Listen Later May 1, 2025 24:15


The backbone of good marketing is the quality of the research. The best insight comes from hearing real audiences talk about their real experiences.Traditional research can cost thousands and still miss the people who don't get a seat at the table. Quantitative data tells you what's common. Social listening reveals what's missing.   In this episode, Michael talks with Jamie Doggett, Associate Director at Lumanity, about why social listening is a standout tool for marketers who want to go deeper than the data and closer to the truth. They explore how social listening works, what it uncovers that surveys don't, and why unprompted insight and digital body language are changing how we understand behaviour, especially in healthcare.   If you believe good marketing starts with empathy, not assumptions, this one's for you.

Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
1976: Quantitative Trading Firm Forecasts Bitcoin Will Reach $210,000 THIS Year

Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

Play Episode Listen Later Apr 28, 2025 35:50


Peter Chung, head of research at quantitative trading firm Presto, has repeated his prediction that Bitcoin will reach $210,000 by the end of 2025. Learn more about your ad choices. Visit megaphone.fm/adchoices

Interplace
Between Urban Order and Emerging Meanings

Interplace

Play Episode Listen Later Apr 19, 2025 21:35


Hello Interactors,Cities are layered by past priorities. I was just in Overland Park, Kansas, where over the last 25 years I've seen malls rise, fall, and shift outward as stores leave older spaces behind.When urban systems shift — due to climate, capital, codes, or crisis — cities drift. These changes ripple across scales and resemble fractal patterns, repeating yet evolving uniquely.This essay traces these patterns: past regimes, present signals, and competing questions over what's next.URBAN SCRIPTS AND SHIFTING SCALESAs cities grow, they remember.Look at a city's form — the way its streets stretch, how its blocks bend, where its walls break. These are not neutral choices. They are residues of regimes. Spatial decisions shaped by power, fear, belief, or capital.In ancient Rome, cities were laid out in strict grids. Streets ran along two axes: the cardo and decumanus. It made the city legible to the empire — easy to control, supply, and expand. Urban form followed the logic of conquest.As cartography historian, O. A. W. Dilke writes,“One of the main advantages of a detailed map of Rome was to improve the efficiency of the city's administration. Augustus had divided Rome into fourteen districts, each subdivided into vici. These districts were administered by annually elected magistrates, with officials and public slaves under them.”In medieval Europe, cities got messy. Sovereignty was fragmented. Trade replaced tribute. Guilds ran markets as streets tangled around church and square. The result was organic — but not random. It reflected a new mode of life: small-scale, interdependent, locally governed.In 19th-century Paris, the streets changed again. Narrow alleys became wide boulevards. Not just for beauty — for visibility and force. Haussmann's renovations made room for troops, light, and clean air. It was urban form as counter-revolution.Then came modernism. Superblocks, towers, highways. A form that made sense for mass production, cheap land, and the car. Planning became machine logic — form as efficiency.Each of these shifts marked the arrival of a new spatial calculus — ways of organizing the built environment in response to systemic pressures. Over time, these approaches came to be described by urbanists as morphological regimes: durable patterns of urban form shaped not just by architecture, but by ideology, infrastructure, and power. The term “morphology” itself was borrowed from biology, where it described the structure of organisms. In urban studies, it originally referred to the physical anatomy of the city — blocks, plots, grids, and streets. But today the field has broadened. It's evolved into more of a conceptual lens: not just a way of classifying form, but of understanding how ideas sediment into space. Today, morphology tracks how cities are shaped — not only physically, but discursively and increasingly so, computationally. Urban planning scholar Geoff Boeing calls urban form a “spatial script.” It encodes decisions made long ago — about who belongs where, what gets prioritized, and what can be seen or accessed. Other scholars treated cities like palimpsests — a term borrowed from manuscript studies, where old texts were scraped away and overwritten, yet traces remained. In urban form, each layer carries the imprint of a former spatial logic, never fully erased. Michael Robert Günter (M. R. G.) Conzen, a British geographer, pioneered the idea of town plan analysis in the 1960s. He examined how street patterns, plot divisions, and building forms reveal historical shifts. Urban geographer and architect, Anne Vernez Moudon brought these methods into contemporary urbanism. She argued that morphological analysis could serve as a bridge between disciplines, from planning to architecture to geography. Archaeologist Michael E. Smith goes further. Specializing in ancient cities, Smith argues that urban form doesn't just reflect culture — it produces it. In early settlements, the spatial organization of plazas, roads, and monuments actively shaped how people understood power, social hierarchy, and civic identity. Ritual plazas weren't just for ceremony — they structured the cognitive and social experience of space. Urban form, in this sense, is conceptual. It's how a society makes its world visible. And when that society changes — politically, economically, technologically — so does its form. Not immediately. Not neatly. But eventually. Almost always in response to pressure from the outside.INTERVAL AND INFLECTIONUrban morphology used to evolve slowly. But today, it changes faster — and with increasing volatility. Physicist Geoffrey West, and other urban scientists, describes how complex systems like cities exhibit superlinear scaling: as they grow, they generate more innovation, infrastructure, and socio-economic activity at an accelerating pace. But this growth comes with a catch: the system becomes dependent on continuous bursts of innovation to avoid collapse. West compares it to jumping from one treadmill to another — each one running faster than the last. What once took centuries, like the rise of industrial manufacturing, is now compressed into decades or less. The intervals between revolutions — from steam power to electricity to the internet — keep shrinking, and cities must adapt at an ever-faster clip just to maintain stability. But this also breeds instability as the intervals between systemic transformations shrink. Cities that once evolved over centuries can now shift in decades.Consider Rome. Roman grid structure held for centuries. Medieval forms persisted well into the Renaissance. Even Haussmann's Paris boulevards endured through war and modernization. But in the 20th century, urban morphology entered a period of rapid churn. Western urban regions shifted from dense industrial cores to sprawling postwar suburbs to globalized financial districts in under a century — each a distinct regime, unfolding at unprecedented speed.Meanwhile, rural and exurban zones transformed too. Suburbs stretched outward. Logistics corridors carved through farmland. Industrial agriculture consolidated land and labor. The whole urban-rural spectrum was redrawn — not evenly, but thoroughly — over a few decades.Why the speed?It's not just technology. It's the stacking of exogenous shocks. Public health crises. Wars. Economic crashes. Climate shifts. New empires. New markets. New media. These don't just hit policy — they hit form.Despite urbanities adaptability, it resists change. But when enough pressure builds, it breaks and fragments — or bends fast.Quantitative historians like Peter Turchin describe these moments as episodes of structural-demographic pressure. His theory suggests that as societies grow, they cycle through phases of expansion and instability. When rising inequality, elite overproduction, and resource strain coincide, the system enters a period of fragility. The ruling class becomes bloated and competitive, public trust erodes, and the state's ability to mediate conflict weakens. At some point, the social contract fractures — not necessarily through revolution, but through cumulative dysfunction that demands structural transformation.Cities reflect that process spatially. The street doesn't revolt. But it reroutes. The built environment shows where power has snapped or shifted. Consider Industrial Modernity. Assuming we start in 1850, it took roughly 100 years before the next regime took shape — the Fordist-Suburban Expansion starting in roughly 1945. It took around 30-40 years for deregulation to hit in the 80s. By 1995 information, communication, and technology accelerated globalization, financialization, and the urban regime we're currently in — Neoliberal Polycentrism.Neoliberal Polycentricism may sound like a wonky and abstract term, but it reflects a familiar reality: a pattern of decentralized, uneven urban growth shaped by market-driven logics. While some scholars debate the continued utility of the overused term 'neoliberalism' itself, its effects on the built environment remain visible. Market priorities continue to dominate and reshape spatial development and planning norms. It is not a wholly new spatial condition. It's the latest articulation of a longer American tradition of decentralizing people and capital beyond the urban core. In the 19th century, this dynamic took shape through the rise of satellite towns, railroad suburbs, and peripheral manufacturing hubs. These developments were often driven by speculative land ventures, private infrastructure investments, and the desire to escape the regulatory and political constraints of city centers. The result was a form of urban dispersal that created new nodes of growth, frequently insulated from municipal oversight and rooted in socio-economic and racial segregation. This early polycentricism, like fireworks spawning in all directions from the first blast, set the stage for later waves of privatized suburbanization and regional fragmentation. Neoliberalism would come to accelerate and codify this expansion.It came in the form of edge cities, exurbs, and special economic zones that proliferated in the 80s and 90s. They grew not as organic responses to demographic needs, but as spatial products of deregulated markets and speculative capital. Governance fragmented. Infrastructure was often privatized or outsourced. As Joel Garreau's 1991 book Edge City demonstrates, a place like Tysons Corner, Virginia — a highway-bound, developer-led edge city — embodied this shift: planned by commerce, not civic vision. A decade later, planners tried to retrofit that vision — adding transit, density, and walkability — but progress has been uneven, with car infrastructure still shaping much of daily life.This regime aligned with the rise of financial abstraction and logistical optimization. As Henry Farrell and Abraham Newman argue in Underground Empire, digital finance extended global capitalism's reach by creating a networked infrastructure that allowed capital to move seamlessly across borders, largely outside the control of democratic institutions. Cities and regions increasingly contorted themselves to host these flows — rebranding, rezoning, and reconfiguring their form to attract global liquidity.At the same time, as historian Quinn Slobodian notes, globalism was not simply about market liberalization but about insulating capital from democratic constraint. This logic played out spatially through the proliferation of privatized enclaves, special jurisdictions, and free trade zones — spaces engineered to remain separate from public oversight while remaining plugged into global markets.In metro cores, this led to vertical Central Business Districts, securitized plazas, and speculative towers. In the suburbs and exurbs, it encouraged the low-density, car-dependent landscapes that still propagate. It's still packaged as freedom but built on exclusion. In rural zones, the same logic produces logistics hubs, monoculture farms, and fractured small towns caught precariously between extraction and abandonment.SEDIMENT AND SENTIMENTWhat has emerged in the U.S., and many other countries, is a fragmented patchwork: privatized downtowns, disconnected suburbs, branded exurbs, and digitally tethered hinterlands…often with tax advantages. All governed by the same regime, but expressed through vastly different forms.We're in a regime that promised flexibility, innovation, and shared global prosperity — a future shaped by open markets, technological dynamism, and spatial freedom. But that promise is fraying. Ecological and meteorological breakdown, housing instability, and institutional exhaustion are revealing the deep limits of this model.The cracks are widening. The pandemic scrambled commuting rhythms and retail flows that reverberate to this day. Climate stress reshapes assumptions about where and how to build. Platforms restructure access to space as AI wiggles its way into every corner. Through it all, the legitimacy of traditional planning models, even established forms of governing, weakens.Some historians may call this an interregnum — a space between dominant systems, where the old still governs in form, but its power to convince has faded. The term comes from political theory, describing those in-between moments when no single order fully holds. It's a fitting word for times like these, when spatial logic lingers physically but loses meaning conceptually. The dominant spatial logic remains etched in roads, zoning codes, and skylines — but its conceptual scaffolding is weakening. Whether seen as structural-demographic strain or spatial realignment, this is a moment of uncertainty. The systems that once structured urban life — zoning codes, master plans, market forecasts — may no longer provide a stable map. And that's okay. Interregnums, as political theorist Christopher Hobson reminds us, aren't just voids between orders — they are revealing. Moments when the cracks in dominant systems allow us to see what had been taken for granted. They offer space to reflect, to experiment, and to reimagine.Maybe what comes next is less of a plan and more of a posture — an attitude of attentiveness, humility, and care. As they advise when getting sucked out to sea by a rip tide: best remain calm and let it spit you out where it may than try to fight it. Especially given natural laws of scale theory suggests these urban rhythms are accelerating and their transitions are harder to anticipate. Change may not unfold through neat stages, but arrive suddenly, triggered by thresholds and tipping points. Like unsuspectingly floating in the warm waters of a calm slack tide, nothing appears that different until rip tide just below the surface reveals everything is.In that sense, this drifting moment is not just prelude — it is transformation in motion. Cities have always adapted under pressure — sometimes slowly, sometimes suddenly. But they rarely begin anew. Roman grids still anchor cities from London to Barcelona. Medieval networks persist beneath tourist maps and tangled streets. Haussmann's boulevards remain etched across Paris, shaping flows of traffic and capital. These aren't ghosts — they're framing. Living sediment.Today's uncertainty is no different. It may feel like a void, but it's not empty. It's layered. Transitions build on remnants, repurposing forms even as their meanings shift. Parcel lines, zoning overlays, server farms, and setback requirements — these are tomorrow's layered manuscripts — palimpsests.But it's not just physical traces we inherit. Cities also carry conceptual ones — ideas like growth, public good, infrastructure, or progress that were forged under earlier regimes. As historian Elias Palti reminds us, concepts are not fixed. They are contingent, born in conflict, and reshaped in uncertainty. In moments like this, even the categories we use to interpret urban life begin to shift. The city, then, is not just a built form — it's a field of meaning. And in the cracks of the old, new frameworks begin to take shape. The work now is not only to build differently, but to think differently too.REFERENCESDilke, O. A. W. (1985). Greek and Roman Maps. Cornell University Press.Boeing, Geoff. (2019). “Spatial Information and the Legibility of Urban Form.” Journal of Planning Education and Research, 39(2), 208–220.Conzen, M. R. G. (1960). “Alnwick, Northumberland: A Study in Town Plan Analysis.” Institute of British Geographers Publication.Moudon, Anne Vernez. (1997). “Urban Morphology as an Emerging Interdisciplinary Field.” Urban Morphology, 1(1), 3–10.Smith, Michael E. (2007). “Form and Meaning in the Earliest Cities: A New Approach to Ancient Urban Planning.” Journal of Planning History, 6(1), 3–47.West, Geoffrey. (2017). Scale: The Universal Laws of Life, Growth, and Death in Organisms, Cities, and Companies. Penguin Press.Turchin, Peter. (2016). Ages of Discord: A Structural-Demographic Analysis of American History. Beresta Books.Garreau, Joel. (1991). Edge City: Life on the New Frontier. Doubleday.Farrell, Henry, & Newman, Abraham. (2023). Underground Empire: How America Weaponized the World Economy. Henry Holt.Slobodian, Quinn. (2023). Crack-Up Capitalism: Market Radicals and the Dream of a World Without Democracy. Metropolitan Books.Hobson, Christopher. (2015). The Rise of Democracy: Revolution, War and Transformations in International Politics since 1776. Edinburgh University Press.Palti, Elias José. (2020). An Archaeology of the Political: Regimes of Power from the Seventeenth Century to the Present. Columbia University Press. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit interplace.io

Anesthesia Patient Safety Podcast
#250 Sugammadex in Special Populations: What Every Anesthesia Professional Needs to Know

Anesthesia Patient Safety Podcast

Play Episode Listen Later Apr 15, 2025 18:58 Transcription Available


Sugammadex safety considerations span across patient populations with renal impairment, pediatric patients, and pregnant or breastfeeding individuals, requiring nuanced clinical decision-making based on current evidence and ongoing research.• Sugammadex reversal of moderate blockade is safe and faster than using neostigmine/cisatracurium for patients with renal impairment• Quantitative neuromuscular monitoring is essential to ensure adequate reversal (TOF >90%)• FDA approval exists for children 2+ years with the same dosing parameters as adults• Infants

Spike Colony
Quantitative and Qualitative with Billy!

Spike Colony

Play Episode Listen Later Apr 14, 2025 106:44


Visit data.duresscrew.com to follow along with this episode!Billy from Duress Crew joins the cast to chat about breakfast, salty tide, filtered winrates, and later MJF drops in to review the three gears!Check out the latest on Youtube: https://www.youtube.com/@lannynynySupport Spike Colony on Ko-Fi: https://ko-fi.com/spikecolony (donations grant access to the follower discord!)Check out the Premodern Tier List and other articles: https://spikecolony.com/

Pass ACLS Tip of the Day
Quantitative Waveform Capnography Use in ACLS

Pass ACLS Tip of the Day

Play Episode Listen Later Apr 9, 2025 5:05


Quantitative waveform capnography is used in ACLS to objectively assess good CPR;confirm placement of an endotracheal tube; identify return of spontaneous circulation; and during post-cardiac arrest care.We can use waveform capnography with, and without, an advanced airway in place.Monitoring end tidal CO2 during rescue breathing.Use of capnography to objectively measure good CPR.Capnography is a preferred method of confirming endotracheal tube (ETT) placement over x-ray during a code.During CPR, a sudden increase in ETCO2 may indicate ROSC.Quantitative waveform capnography use in the post-cardiac arrest algorithm.Good luck with your ACLS class!Links: Buy Me a Coffee at https://buymeacoffee.com/paultaylor Practice ECG rhythms at Dialed Medics - https://dialedmedics.com/Safe Meds VIP - Learn about medication safety and download a free drug discount card to save money on prescription medications for you and your pets: https://safemeds.vipPass ACLS Web Site - Episode archives & other ACLS-related podcasts: https://passacls.com@Pass-ACLS-Podcast on LinkedIn

Value Driven Data Science
Episode 59: [Value Boost] How Data Scientists Can Get in the AI Room Where It Happens

Value Driven Data Science

Play Episode Listen Later Apr 9, 2025 8:41


Genevieve Hayes Consulting Episode 59: [Value Boost] How Data Scientists Can Get in the AI Room Where It Happens Everyone’s talking about AI, but the real opportunities for data scientists come from being in the room where key AI decisions are made.In this Value Boost episode, technology leader Andrei Oprisan joins Dr Genevieve Hayes to share a specific, proven strategy for leveraging the current AI boom and becoming your organisation’s go-to AI expert.This episode explains:How to build a systematic framework for evaluating AI models [02:05]The key metrics that help you compare different models objectively [02:28]Why understanding speed-cost-accuracy tradeoffs gives you an edge [05:47]How this approach gets you “in the room where it happens” for key AI decisions [07:20] Guest Bio Andrei Oprisan is a technology leader with over 15 years of experience in software engineering, specializing in product development, machine learning, and scaling high-performance teams. He is the founding Engineering Lead at Agent.ai and is also currently completing an Executive MBA through MIT's Sloan School of Management. Links Connect with Andre on LinkedInAndrei’s websiteAgent.ai website Connect with Genevieve on LinkedInBe among the first to hear about the release of each new podcast episode by signing up HERE Read Full Transcript [00:00:00] Dr Genevieve Hayes: Hello, and welcome to your value boost from Value Driven Data Science, the podcast that helps data scientists transform their technical expertise into tangible business value, career autonomy, and financial reward. I’m Dr. Genevieve Hayes, and I’m here again with Andrei Oprisan. Head of engineering at agent.[00:00:21] ai to turbocharge your data science career in less time than it takes to run a simple query. In today’s episode, we’re going to explore how data scientists can leverage the current AI boom to accelerate their career progression. Welcome back, Andre.[00:00:40] Andrei Oprisan: Thank you. Great to be here.[00:00:41] Dr Genevieve Hayes: So as I mentioned at the start of our previous episode together, we are at the dawn of an AI revolution with unprecedented opportunities for data scientists.[00:00:51] Now, through your current role at Agent. ai, and prior roles at AI centric companies, such as OneScreen. ai, you’ve clearly managed to capitalize on this AI boom, and are actively continuing to do so, and have managed to build a very impressive career for yourself, partly as a result. Now, the Internet’s full of career tips, but they’re usually very generic advice from career coaches who’ve never worked in the data science or technology space, and their advice usually doesn’t take into account the specific context of the AI landscape.[00:01:35] What’s one specific strategy that data scientists can use right now to leverage the AI boom for faster career progression?[00:01:44] Andrei Oprisan: I would say first building some expertise and prompt engineering and AI model evaluation. I think that’s a foundation on top of that. I think it’s developing some systematic approaches for comparing different models outputs on domain specific tasks and then creating something maybe like a reliable evaluation framework.[00:02:05] For example, you could create an eval set. Or tasks in a field and developing some quantitative or qualitative metrics to assess how different models perform compared to traditional approaches and that can really position you as someone who can actually properly integrate AI tools into existing workflows while having that element of scientific rigor.[00:02:28] , it’s leveraging the existing trends around prompt engineering around the different models that are coming up every week, every month. Every quarter and figuring out, how we are going to showcase when to maybe use 1 versus another with the scientific approach with again, I would start as simple as.[00:02:47] An eval from the kind of work that you’re doing in your current role or organization, or thinking about adjacent organizations and adjacent kind of strategies to then create some examples of when and when you wouldn’t. Use certain models because of, some numbers where you can show in an email that, this model does really well in this kind of let’s say, classification in this specific domain versus. One that doesn’t . I think from there, you can iterate and do some even more interesting work very repeatedly and looking at some adjacent domains and apply the same sort of technical solutioning to other domains.[00:03:26] Dr Genevieve Hayes: I read an article recently that was written shortly after the launch of the DeepSeek LLM. And there was a group of researchers at a university that were evaluating the model. And they had a series of prompts that could be used to find out, can this model be used to produce offensive or dangerous information?[00:03:49] And they had something like 50 prompts and they randomly chose 10 of them and ran it against that. Is that the same sort of thing that you’re proposing, but obviously specific to the person’s organization?[00:04:03] Andrei Oprisan: That’s exactly it. So I think starting as simple as again this prompt engineering and writing out a few of those prompts and be able to get some kind of repeatable answer, whether it’s a score, whether it’s, selecting from a set of options, just anything that you can then repeat and measure in a Quantitative way[00:04:24] and like, we can say, okay, it is this category, we’re getting with these, let’s say 50 prompts we’re consistently getting, 10 percent of the answers are incorrect, but 90 percent where we’re getting this kind of consistent answer and an answer that can actually be useful.[00:04:40] And then looking at different kinds of models and and then figuring out, how do they form? But also, how might you improve that? And apply some level of scientific method thinking around, ultimately, what can you change to improve? Essentially, what are still these for most folks, black boxes these LLMs that, And go something outcome, something else, and maybe demystifying what that looks like in terms of consistency at the very least in terms of accuracy over time.[00:05:12] And then, it could even take on more advanced topics. Like. How can you improve those results once you have a baseline starting point, you can say, okay, sure. Now, here’s how I improved, or here’s how maybe the prompts were. Incorrect or, they behave differently given a different LLM or, maybe you push different boundaries around context window size on the Google models are not the best.[00:05:38] But they’re the best at dealing with large data sets. there’s a trade off at a certain point in terms of speed and accuracy and cost.[00:05:47] And so then introducing some of these different dimensions, or maybe only looking at those in terms of, you know, yes, if this LLM takes 10 seconds to get me a 98 percent accurate answer, but this other one takes half a second to give me a 95 percent accurate answer, which one would you choose and a business context essentially the faster one that is a little bit cheaper.[00:06:11] Might actually be the right answer. So there’s different kinds of trade offs, I think, given different kinds of context. And I think exploring what that might look like would be a really good way to kind of apply some of those technical skills and looking at some of those other dimensions, around things like pricing and runtime execution time.[00:06:31] Dr Genevieve Hayes: And I can guarantee if you take a strategy like this, you will become the AI expert in your office, and you will be invited to every single AI centric meeting the senior management have forevermore because I did something similar to this it was before LLMs. It was with those cloud cognitive service type APIs.[00:06:50] And anytime one of those came up, I was the person people thought of. I got invited to the meeting. So, this is really good career advice.[00:06:59] Andrei Oprisan: And really, it starts, I think, growth especially think about how do you grow your career as a technical person? Obviously, part of it is being in the right room at the right time to be able to ask the right kinds of questions to be able to present a technical perspective. And again, I think by pushing on some of these boundaries you get exposed to even bigger.[00:07:20] Opportunities and bigger challenges that do need technical solutions that do need someone with a technical mind to say, You know what? Maybe that doesn’t make sense. Or maybe there is a way to leverage a I, for this problem, but not maybe in the way that you’re thinking, and I think being able to at least present that perspective is incredibly valuable.[00:07:39] Dr Genevieve Hayes: And regardless of which industry you’re working in, the secret to success is you’ve got to get in the room where it happens, as the Hamilton song says, and this sounds like a really good strategy for getting there with regard to LLMs.[00:07:53] That’s a wrap for today’s Value Boost, but if you want more insights from Andre, you’re in luck.[00:08:00] We’ve got a longer episode with Andre where we discuss how data scientists can grow into business leadership roles by exploring Andre’s own career evolution from technology specialist to seasoned technology leader. And it’s packed with no nonsense advice for turning your data skills into serious clout, cash and career freedom.[00:08:23] You can find it now, wherever you found this episode, or at your favorite podcast platform. Thanks for joining me again, Andre.[00:08:31] Andrei Oprisan: for having me. This is great.[00:08:33] Dr Genevieve Hayes: And for those in the audience, thanks for listening. I’m Dr. Genevieve Hayes, and this has been Value Driven Data Science. The post Episode 59: [Value Boost] How Data Scientists Can Get in the AI Room Where It Happens first appeared on Genevieve Hayes Consulting and is written by Dr Genevieve Hayes.

Public Health Joy!
The Art of Quantitative Data in a Human-Centered Approach to Data Equity with Heather Krause

Public Health Joy!

Play Episode Listen Later Mar 21, 2025 40:35


In a world that is so preoccupied with assigning blame instead of looking inward, quantitative data provides a fact-focused reprieve, especially when paired with a human-centered approach to data equity. Today, we are joined by Heather Krause, a cross-sector thought leader and speaker on data equity issues with a cutting-edge approach to project design, data collection analysis, reporting, and visualization. As its founder, Heather begins by detailing the work of We All Count before explaining why quantitative data cannot be ignored no matter what circumstance. We learn about the burdens of responsibility of how data is understood and processed, how to change our biased mindsets around data and numbers, the importance of art and creativity in numbers, and why there's a need to think more critically about quantitative data and approach it from a human-centered perspective. We also gain insight into the impact We All Count is having in the communities it serves, the value of threading the needle back to find the source of information (or, in our case, the formula), where AI fits in, and all the things that bring Heather Krause joy while she's at work. Finally, here's some good news for all Joyriders: Official Public Health Joy Podcast merchandise is now available on our website! Thanks for listening, see you next time.  Key Points From This Episode:Data Scientist Heather Krause explains who she is and what she does. [01:21]The ins and outs of the organization she founded – We All Count. [03:57]Recognizing that you're the problem by societal constructs and how to move forward. [06:19]Why stats and numbers are always important, regardless of how we feel. [09:16]Art therapy: why numbers are art, and being more creative in teaching and learning. [13:12]The importance of unlearning our fear of numbers and data. [17:45]Thinking more critically and doing so from a human-centered perspective. [23:30]More details on the overall impact of the work being done at We All Count. [25:02]Why it matters to understand who designed the formula and a quick look at AI. [29:38]Heather describes all the things that bring her joy at work. [35:48]It's time to get your official Public Health Joy Podcast merchandise; now available on our website! [38:26]If you enjoyed this episode, please subscribe, rate and, leave a review! For more transcripts, show notes,and more visit: https://joyeewashington.com/public-health-joy-season-4/ 

Palisade Radio
C.B. Operation, Metals Deception, and LBMA

Palisade Radio

Play Episode Listen Later Mar 14, 2025 72:59


Tom welcomes back Matthew Pipenburg from Von Greyerz Gold Switzerland for another thoughtful swap-fest. They began by discussing the ongoing conflict in Ukraine and its impact on military spending, which has diverted resources away from domestic priorities like healthcare and education. They pointed out that many countries are facing significant debt issues, leading to a shift away from the US dollar as the primary reserve currency. This trend has increased interest in gold as an alternative asset for reserves. The role of gold was a key topic, with Matthew noting that while revaluing gold could offer short-term benefits but it wouldn't resolve the underlying debt crisis. Central banks, especially those in BRICS countries, have been increasing their gold holdings as a strategic reserve, reflecting growing doubts about fiat currencies. Matt criticized high military spending relative to domestic investments in the US, arguing that this imbalance is unsustainable. They also talked about central bank operations and market manipulation. Quantitative easing has led to market distortions and bubbles, while market manipulation risks eroding trust in financial systems. The conversation turned to global shifts, with BRICS countries gaining influence through their increased use of gold as a reserve asset. Tom highlighted the likelihood of significant market corrections due to high valuations and economic instability. Finally, Matthew emphasized the need for informed, fact-based discussions rather than partisan debates, urging critical thinking about government policies and encouraging engagement with diverse viewpoints from contrarian sources like Jeffrey Sachs. Time Stamp References:0:00 - Introduction0:43 - Peace & Euro War Drums17:53 - Cold War & Rationality26:30 - Trump & The Liberal Shift29:00 - Negative Real Rates34:18 - Capital Controls & CBDCs37:49 - Cognitive Dissonance?41:25 - Yellen & Short Term Debt45:53 - Adjustment Period52:23 - Gold Going Mainstream?58:04 - Revaluing U.S. Gold1:02:02 - U.S. Gold Holdings?1:08:15 - Canadian Leadership1:10:30 - Conclusion & Wrap Up Talking Points From This Episode The world faces significant economic challenges, including high debt levels, shifting reserve currencies, and the weaponization of financial instruments. Gold is increasingly seen as a safer asset in uncertain times, with central banks diversifying their reserves. There's an urgent need for balanced, fact-based discussions to address complex economic and geopolitical issues. Guest LinksX: https://x.com/GoldSwitzerlandWebsite: https://goldswitzerland.com/Website: https://vg.goldArticles: https://signalsmatter.com/Book (Amazon): https://tinyurl.com/pvpfmy8c Matthew Piepenburg is a Partner of Von Greyerz and the author of the popular book, "Rigged to Fail". Matt is fluent in French, German, and English. He is a graduate of Brown (BA), Harvard (MA), and the University of Michigan (JD). His widely-respected reports on macro conditions and the changing behavior of risk assets are published regularly at SignalsMatter.com.

Geek Warning
The challenges in making quantitative testing useful

Geek Warning

Play Episode Listen Later Feb 27, 2025 41:54


Why don't you see much wind tunnel-based testing on Escape Collective? It's something the geeks are forever discussing internally, and in this week's episode, they discuss some of the difficulties in getting such testing to provide truly useful results.You'll also hear Ronan McLaughlin, Dave Rome, and Zach Edwards (Boulder Groupetto) cover the latest news in the world of cycling tech, including a recent high-profile wheel failure, Canyon's new customisation program, and BMC's latest recall.Members of Escape Collective get an extra 20 minutes in the form of Ask a Wrench. This week the geeks answer questions about converting a bike for triathlon, why chains wear more rapidly on mountain bikes, and silencing a certan type of creaky seatpost.Enjoy!Time stamps:4:20 - Chris Froome's wheel failure9:15 - Canyon's new customisation program15:55 - On Ronan's Mind: Quantitative testing making bikes worse33:20 - BMC recalls the Kaius gravel bike39:30 - Nukeproof returns41:45 - Ask a Wrench: a first triathlon (member-only)48:55 - Rapid chain wear on MTB (member-only)53:25 - Fixing a creaking Canyon/Ergon seatpost and our thoughts on carbon pastes (member-only)

Sinica Podcast
China's Strategy in Global Power Transitions: Challenges in a Turbulent World — A panel discussion

Sinica Podcast

Play Episode Listen Later Feb 24, 2025 70:01


This week on Sinica: February 24 marks the third anniversary of Russia's full-scale invasion of Ukraine, and as I've done for the last two years, I moderated a panel organized by Vita Golod, a Ukrainian China scholar who happens to be here in Chapel Hill, North Carolina, at UNC as a visiting scholar. She's worked tirelessly to promote awareness of the war, and I'm honored again to have been asked to moderate this panel.The guests you'll hear from are:Dr. Una Aleksandra Bērziņa-Čerenkova, Director of the China Studies Centre at Riga Stradins University in Latvia. Fluent in Chinese, Russian, and English, she has collaborated with scholars like Kerry Brown of King's College London and has done extensive work on China's role in Europe and beyond.Dr. Dmytro Yefremov, Associate Professor in the Department of International Relations at the National University "Kyiv-Mohyla Academy" in Ukraine. A board member of the Ukrainian Association of Sinologists, he specializes in China's foreign relations and has traveled extensively to China, providing firsthand insight into Ukraine's perspective on China's role in the war and beyond.Dr. Qiang Liu, Director of the Energy Economics Division at the Institute of Quantitative & Technical Economics within the Chinese Academy of Social Sciences (CASS). He also serves as the Co-chair and Secretary-General of the Global Forum on Energy Security. His research focuses on energy security, energy economics, and policy, with a particular emphasis on China's Belt and Road Initiative and its global energy partnerships.Dr. Klaus Larres, Richard M. Krasno Distinguished Professor of History and International Affairs at the University of North Carolina at Chapel Hill. An expert on transatlantic relations, U.S., German, and EU foreign policy, and China's role in the post-Cold War order, he has a profound interest in the history of the Cold War and the politics of Winston Churchill.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Hormone Genius Podcast
S5 Ep. 21: The Science of FemTech Devices with Dr. Stephanie Kafie

The Hormone Genius Podcast

Play Episode Listen Later Feb 23, 2025 44:56


What will you learn today on The Hormone Genius with Guest Dr. Stephanie Kafie? What devices and technology are available for women to track their fertility? What are the advantages and disadvantages of these devices? What are natural signs of fertility that women can track and what are the advantages/disadvantages of these? How can femtech be incorporated into natural family planning for avoiding or achieving pregnancy? Dr. Kafie was kind enough to give additional information about femtech (see below), what devices are available, what the research is behind these methods and how they can be incorporated into NFP methods formally (such as Sympto-thermal or Marquette Method) or informally. Inito Pattnaik S, Das D, Venkatesan VA. A quantitative home-use framework for assessing fertility and identifying novel hormone trends by recording urine hormones. Medrxiv 2022 Bottom Line: Inito can be used for urinary monitoring of LH, estrogen and progesterone to help identify ovulation. Thakur R, Akram F, Rastogi V, Mitra A, Nawani R, Av V, et al. Development of Smartphone-Based Lateral Flow Device for the Quantification of LH and E3G Hormones 2020 Bottom Line: Using Inito for urinary hormone testing was comparable to the gold standard for urinary monitoring of LH, estrogen and progesterone. Inito vs. Mira Bouchard TP. Using Quantitative Hormonal Fertility Monitors to Evaluate the Luteal Phase: Medicina 2023 Bottom Line: There are few studies validating femtech devices: 2 studies for Inito, one study on Proov, and one comparing Mira and Clearblue. Further studies are needed to validate these devices. Clearblue vs. Mira Bouchard TP, Fehring RJ, Mu Q. Quantitative versus qualitative estrogen and luteinizing hormone testing for personal fertility monitoring. Expert Rev Mol Diagn 2021 Bottom Line: Both monitors had dates of ovulation that were highly correlated. Total satisfaction scores were higher for Clearblue than Mira. Marquette Method using Clearblue Monitor - Non-breastfeeding Fehring, R. J., & Schneider, M. (2017). Effectiveness of a Natural Family Planning , MCN, The American Journal of Maternal/Child Nursing Bottom Line: This study showed 98% effectiveness of the Marquette Method in avoiding pregnancy with perfect use in non-breastfeeding women. Marquette Method using Clearblue Monitor - Breastfeeding Bouchard, T., Fehring, R. J., & Schneider, M. (2013). Efficacy of a New Postpartum Transition Protocol for Avoiding Pregnancy. The Journal of the American Board of Family Medicine Bottom Line: With perfect use, this study showed 98% effectiveness of the Marquette Method for avoiding pregnancy during the transition to regular menstrual cycles postpartum. Marquette Method using Clearblue Monitor - Achieving Pregnancy Bouchard, T. P., Fehring, R. J. (2018). Achieving Pregnancy Using Primary Care Interventions to Identify the Fertile Window. Frontiers in Medicine Bottom line: For women who wish to achieve a pregnancy, using a hormonal fertility monitor alone offers to best natural estimate of a woman's fertile phase of her menstrual cycle. Focused intercourse during 24 menstrual cycles can assist couples with achieving pregnancy. Wearable Devices that track fertility - A Review Cromack SC, Walter JR. Consumer wearables and personal devices for tracking the fertile window. Am J Obstet Gynecol. 2024 Bottom Line: More research is needed on these devices. Studies have many limitations with limited sample sizes and researchers who may have a stake in the company. For a detailed summary read this review: https://www.factsaboutfertility.org/wearables-and-devices-to-track-the-fertile-window-a-review/?mc_cid=7e1bdddb2a&mc_eid=6315adbd87 Medical disclaimer: The information presented in The Hormone Genius Podcast is for informational purposes only and is not intended to be a substitute for actual medical or mental health advice from a doctor, psychologist, or any other medical or mental health professional.

The Wall Street Skinny
144. Pete Muller on Building One of the Top Performing Quantitative Hedge Funds and Making Music

The Wall Street Skinny

Play Episode Listen Later Feb 22, 2025 45:55


Send us a textIn this episode of The Wall Street Skinny, we sit down with one of the most legendary quant investors of all time—Pete Muller. As the founder of PDT Partners,  one of the top performing quantitative hedge funds that spun out of Morgan Stanley, Pete shares his fascinating journey. He offers a behind-the-scenes look at how statistical arbitrage strategies drive market success, the importance of building a strong research-driven team, and why trust and collaboration are essential in quantitative finance.Beyond the trading floor, Pete's story takes unexpected turns. From high-stakes poker games that sharpened his risk management skills to a deep passion for music, he discusses how these seemingly unrelated pursuits have shaped his approach to investing. He also delves into the emotional side of finance—how quants, despite relying on models, still experience the highs and lows of market movements, and why understanding human psychology is just as critical as analyzing data.Whether you're an aspiring quant, a seasoned investor, or just someone intrigued by the intersection of finance, strategy, and creativity, this episode is packed with insights. Plus, as a special treat, we close the episode with a song from Pete Muller and the Kindred Souls—his band that embodies his lifelong love for music. Tune in for an engaging discussion on markets, models, and the unexpected ways in which finance and the arts collide.Check out Public.com at the link http://public.com/wallstreetskinnyOur Investment Banking and Private Equity Foundations course is LIVE: Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HEREOur content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice.Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk...

Thrivetime Show | Business School without the BS
Clay Clark Client Testimonials | "We Heard of Clay Clark Through Our CPA (Accountant). Clay Clark Has Helped Us to Create Workflows, Time Blocks, Systems, Quantitative Scorecards for Each Department & Each Position."

Thrivetime Show | Business School without the BS

Play Episode Listen Later Feb 19, 2025 46:52


Want to Start or Grow a Successful Business? Schedule a FREE 13-Point Assessment with Clay Clark Today At: www.ThrivetimeShow.com   Join Clay Clark's Thrivetime Show Business Workshop!!! Learn Branding, Marketing, SEO, Sales, Workflow Design, Accounting & More. **Request Tickets & See Testimonials At: www.ThrivetimeShow.com  **Request Tickets Via Text At (918) 851-0102   See the Thousands of Success Stories and Millionaires That Clay Clark Has Helped to Produce HERE: https://www.thrivetimeshow.com/testimonials/ Download A Millionaire's Guide to Become Sustainably Rich: A Step-by-Step Guide to Become a Successful Money-Generating and Time-Freedom Creating Business HERE: www.ThrivetimeShow.com/Millionaire   See Thousands of Case Studies Today HERE: www.thrivetimeshow.com/does-it-work/  

The Customer Success Playbook
CSP S3 E17 - Eleni Vorvis - Product Adoption Monitoring

The Customer Success Playbook

Play Episode Listen Later Feb 12, 2025 12:09 Transcription Available


Send us a textThis episode dives deep into the intricate relationship between product adoption monitoring and customer success. Eleni Vorvis, a seasoned customer success professional, shares her expertise on implementing effective monitoring strategies and establishing robust feedback loops with product management teams. The discussion explores both quantitative and qualitative approaches to tracking adoption, emphasizing the importance of cross-functional collaboration and clear communication channels.Detailed AnalysisThe episode presents a comprehensive framework for monitoring product adoption and managing product feedback, highlighting several key strategic elements:Strategic Approach to Adoption MonitoringThe discussion emphasizes the critical importance of a unified approach to monitoring product adoption. Rather than siloing this responsibility, organizations should foster collaboration between teams and establish clear ownership of monitoring processes. This includes leveraging various tools such as in-app analytics, Pendo, and BI tools to gather comprehensive usage data.Data Collection and AnalysisA dual approach to data collection emerges as a best practice:Quantitative metrics: Tracking user login frequency, feature usage, and engagement patternsQualitative feedback: Gathering user experiences, challenges, and success stories through direct communication channelsCommunication Channels and ToolsThe episode outlines various methods for managing product feedback:Dedicated Slack channels for real-time feedback sharingRegular cross-functional huddles with product teamsJIRA integration for structured feedback managementCustomer portals for direct feature requests and votingProduct Development Process UnderstandingA key insight reveals the importance of CS teams understanding the product development lifecycle, including:Sprint duration and planningStory point allocationEpic creation and managementFeature prioritization criteriaEmerging Technology IntegrationThe discussion touches on the evolving role of AI in product adoption monitoring:Custom GPTs for data synthesisAI-powered BI tools for comprehensive customer insightsIn-app guidance systemsAgentic AI for user assistanceBest Practices for Customer CommunicationThe episode emphasizes transparent communication with customers regarding:Feature request processesRoadmap expectationsDevelopment timelinesPrioritization criteriaThis comprehensive approach to product adoption monitoring demonstrates the evolving nature of customer success and its crucial role in product development and customer satisfaction.Please Like, Comment, Share and Subscribe. You can also find the CS Playbook Podcast:YouTube - @CustomerSuccessPlaybookPodcastTwitter - @CS_PlaybookYou can find Kevin at:Metzgerbusiness.com - Kevin's person web siteKevin Metzger on Linked In.You can find Roman at:Roman Trebon on Linked In.

Pass ACLS Tip of the Day
Quantitative Waveform Capnography

Pass ACLS Tip of the Day

Play Episode Listen Later Jan 30, 2025 5:01


Quantitative waveform capnography is used in ACLS as a way to confirm good CPR and placement of an endotracheal tube; identify return of spontaneous circulation; and during post-cardiac arrest care.We can use waveform capnography with, and without, an advanced airway in place.Monitoring end tidal CO2 during rescue breathing.Use of capnography to objectively measure good CPR.Capnography is a preferred method of confirming endotracheal tube (ETT) placement over x-ray during a code. During CPR, a sudden increase in ETCO2 may indicate ROSC. Quantitative waveform capnography use in the post-cardiac arrest algorithm.Connect with me:Website: https://passacls.com@Pass-ACLS-Podcast on LinkedInGive Back & Help Others: Your support helps cover the monthly cost of software and podcast & website hosting so that others can benefit from these ACLS tips as well. Donations via Buy Me a Coffee at https://buymeacoffee.com/paultaylor are appreciated.Good luck with your ACLS class!

Investing Experts
Steven Cress' top 10 dividend stocks for 2025

Investing Experts

Play Episode Listen Later Jan 29, 2025 25:05


Steven Cress talks to Kim Khan about his top dividend picks for the year. How dividend stocks may fare in 2025 (1:25). Highlighting Quant dividend grades (5:05). Why NewLake Capital Partners is a hold but still recommended (7:20). John Wiley & Sons' great safety grade; Clorox's diversification and profitability (8:45). CareTrust REIT's strong valuation (11:45). Northrop Grumman's record backlog (13:30). Philip Morris for diversified yields, comparing it to Altria (16:10). VICI Properties' great profitability (20:30).Show Notes:Top Dividend Stocks For 2025Read our transcriptsFor full access to analyst ratings, stock quant scores and dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions

Amplify Your Process Safety
Episode 118 - Recent Natural Disasters and Their Process Safety Consequences

Amplify Your Process Safety

Play Episode Listen Later Jan 24, 2025 12:44


In this episode, Rob and Magi discuss some of the natural disasters that have contributed to process safety incidents in recent years, including the impacts that Hurricanes Harvey, Laura, Ida, Ian, and Helene have had. For related content, please check out our past episodes below. Episode 26 - Natural Hazard Assessment and Planning Episode 103 - Quantitative and Qualitative Natural Disaster Preparation with Guest Mike Washington

WTFinance
FED Mistake Guiding Economy into Recession with Steve Hanke

WTFinance

Play Episode Listen Later Jan 15, 2025 46:16


Interview recorded - 10th of January, 2024On this episode of the WTFinance podcast I had the pleasure of welcoming back Steve Hanke. Steve is the Professor of Applied Economics and Founder and Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University.  He is also the author of the recently released book “Capital, Interest and Waiting: Controversies, Puzzles and New Additions to Capital Theory”.During our conversation we spoke about what happened in 2024, quantitative tightening, the treasury, drivers of money supply, trump inflation, the dollar wrecking ball, recession risk and more. I hope you enjoy!0:00 - Introduction2:20 - Review of 2024?8:18 - Quantitative tightening10:47 - Treasury bond issuance 13:37 - Issue with FED & Wall Street17:52 - Drivers of money supply21:32 - Bond market issue28:18 - Trump inflationary?31:27 - Dollar wrecking ball36:32 - Grow money supply with high debt?42:12 - One message to takeaway?Steve H. Hanke is a Senior Fellow, Contributing Editor of The Independent Review, and a Member of the Board of Advisors at the Independent Institute. He is a Professor of Applied Economics and Founder and Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University in Baltimore. He is also a Senior Adviser at the Renmin University of China's International Monetary Research Institute in Beijing, and a Special Counselor to the Center for Financial Stability in New York. Hanke is also a Contributing Editor at Central Banking in London and a Contributor at National Review. In addition, Hanke is a member of the Charter Council of the Society for Economic Measurement and a Distinguished Associate of the International Atlantic Economic Society. He is ranked as the world's third-most influential economics influencer by FocusEconomics in Barcelona, Spain.Steve Hanke: Book - https://link.springer.com/book/10.1007/978-3-031-63398-0X -  https://x.com/steve_hankeBio - https://www.independent.org/aboutus/person_detail.asp?id=516WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

Marketing Expedition Podcast with Rhea Allen, Peppershock Media
Crafting Effective Market Research for Your Business with Sean Campbell | Marketing Expedition Podcast

Marketing Expedition Podcast with Rhea Allen, Peppershock Media

Play Episode Listen Later Jan 9, 2025 59:14


Sean Campbell is the CEO of Cascade Insights and has been training, mentoring, and educating all his life. An exceptionally well-regarded conference speaker and author, Sean has delivered talks for Fortune 50 companies and top-tier conferences. He has also been the author of several books on technical and business topics. Sean has been a professional services firm owner for over 20 years. He is passionate about running a remote-first company, and has been doing so long before it was cool – dating back to the 20th century!00:00 - 00:17 "One of our informal mottos around here is we deliver bad news to good people because you kind of pay more for bad news when it comes to market research than good news. If you walk off a findings presentation and all you can say is, well, it confirms what we know. That's only so exciting. In a weird way, we get paid for delivering the bad news.” — Sean Campbell00:18 - 00:36 Welcome to Peppershock Media's Marketing Expedition Podcast00:37 - 01:53 Sean's Bio01:54 - 08:38 Marketing Essentials Moment: Art of Audio08:39 - 12:05 Welcome to the show, Sean!12:06 - 17:46 Memorable Projects and Campaigns17:47 - 20:47 Types of Market Research and Their Applications20:48 - 25:00 Recruiting Participants for Market Research25:01 - 30:17 Challenges in Quantitative vs. Qualitative Research30:18 - 34:15 Differences Between Quantitative and Qualitative Insights34:16 - 35:16 How do you know if your business is keeping up with all the tools, tips, and trends that will keep your marketing on the cutting edge? Join us Thursday, January 16th, 2025 for our annual interactive workshop, New Marketing Trends for the New Year!35:17 - 41:54 Advice for B2B Companies Considering Market Research41:55 - 44:44 Adopting to Gen AI44:45 - 49:44 Advice for Students Learning Market Research49:45 - 52:26 Quantitative Survey and Data52:27 - 56:17 Emerging AI Trends56:18 - 57:26 Reach out to Sean - https://www.cascadeinsights.com/57:27 - 58:27 Thank you so much, Sean! Share this podcast, give us a review, and enjoy your marketing journey!58:28 - 59:14 Join the Marketing Expedition Community today! Like what you hear, but need more information?Meet with Rhea Allen#MarketResearch #BuyerPersonaResearch #B2BMarketing #BrandStudies #MarketingEssentialsMoment #ArtofAudio #Sales #FreshMarketingStrategy #CascadeInsights #QualitativeResearch #QuantitativeResearch #Gen AI #MarketingTips #AITools #AITrends Hosted on Acast. See acast.com/privacy for more information.

Kent State College of Business
#4: Breakdown - International Effects of Quantitative Easing and Foreign Exchange Intervention

Kent State College of Business

Play Episode Listen Later Jan 6, 2025 12:02


A two-country general equilibrium model is developed to study the global consequences of quantitative easing and foreign exchange intervention. The model incorporates financial frictions such as limited commitment, differential pledgeability of assets as collateral, and a low supply of collateralizable assets. Due to differential asset pledgeability, financial intermediaries acquire different asset portfolios particular to their home country. Quantitative easing can reduce long-term nominal interest rates, mitigate financial frictions globally, and depreciate the currency of the country that supplies more pledgeable assets. The international effects of foreign exchange intervention depend on the implementing country. If implemented by the country that supplies more pledgeable assets, such intervention can ease financial frictions and enhance welfare globally.

LensWork - Photography and the Creative Process
HT2097 - A Quantitative Audience, or a Qualitative One

LensWork - Photography and the Creative Process

Play Episode Listen Later Dec 5, 2024 2:43


HT2097 - A Quantitative Audience, or a Qualitative One This is a bit of a false question because it is possible to have both, as Ansel Adams has proved. But for most of us, and for most of our work, it seems that we can have a quantitative audience via digital means or a qualitative one in the gallery.

Get Rich Education
527: Countdown to Disaster—Four Threats Facing the U.S. with Richard Duncan

Get Rich Education

Play Episode Listen Later Nov 11, 2024 52:54


Keith discusses the current state of the US economy, noting that while it is considered strong by conventional measures, there are four major threats on the horizon that the country is not doing enough to address. He's joined by our guest, macroeconomic expert, Richard Duncan to discuss these topics. Richard proposes a solution that could strengthen the US's competitive position against China. Shifting from Capitalism to Creditism. Also, hear about the risks facing the real estate and stock markets in the near-term, such as the historically high wealth-to-income ratio and the ongoing quantitative tightening by the Federal Reserve. Learn more about Richard's work through his video newsletter, Macro Watch. Use discount code GRE for 50% off at: RichardDuncanEconomics.com Show Notes: GetRichEducation.com/527 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching:GREmarketplace.com/Coach Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Automatically Transcribed With Otter.ai  Keith Weinhold  0:01   Keith, welcome to GRE. I'm your host. Keith Weinhold, per conventional measures, today's us. Economy is strong, but there are four vicious threats on the horizon, and we're not doing enough about them. Our macroeconomist guests will discuss that with us today. How alarming is it, and what's the solution to our crises, this week on get rich education,   Speaker 1  0:27   since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, who delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests and key top selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast, or visit get rich education.com   Corey Coates  1:12   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:28   Welcome to GRE from Fort Wayne, Indiana to Fort Lee New Jersey and across 188 nations worldwide. I'm Keith Weinhold, and you are back inside get rich education. We've been here for you, every single week since 2014 coming off of an election last week, this spurs more macroeconomic thought, monetary and fiscal policy, and more than that. And you know, one thing that I'm always looking for are signs of inflation versus deflation, because we live in a long term inflationary world. Well, you wouldn't keep a million bucks under a mattress because it would only be worth 300k in a few decades. But in deflation, you would flip your strategy and actually be a saver. You might keep millions out of the mattress, because deflation would actually increase the purchasing power of every single one of your dollars. Now, I've got a pretty unpopular take for you here at some point, probably now you've got to give the Fed credit for a soft landing. And what does a soft landing mean? Exactly. It means bringing down inflation without putting the economy into a recession. Well, inflation is down to about 2% now, unemployment is still low, near 4% and GDP growth for last quarter came in at 2.8% okay, yes, I sure understand that those benefits are distributed unevenly, but at this point, how much more of a soft landing Do you really want? And by the way, this sure doesn't mean that I love the Federal Reserve. I mean, they get no credit from me for not jumping on inflation sooner, when it peaked two and a half years ago, or even before that point, well, those high consumer prices as a result of that are still with us, and that's a problem, and they got that part wrong. We're about to talk with our global macroeconomic expert, really. He is one of the foremost authorities in the entire world today. We're going to talk about four major catastrophes the US economic future faces. One of those four is our ballooning national debt and deficit. And to review that for you, first, the debt is our overall accumulation of debt over the years now at 36 trillion. And when it comes to these awful, dreadful debt and deficit issues, I will ask our guests the question, when is it game over? Where is that tipping point? What would need to happen and the deficit? Okay, that refers to the annual shortfall, the annual thing, that shortfall that our bloated government keeps coming up with at the end of every year, all right, so therefore revenue minus spending equals deficit. Another way to say that is income minus expenses equals a deficit when the expenses are greater than the income. Well, that figure is near $2 trillion we're spending 2 trillion more than we raise in revenue each year. And here's an example. I'll use real world numbers rounded off to the nearest trillion. So if the government's annual revenue is only 5 trillion and you have to subtract out spending, which is 7 trillion, that could. Gives us an annual deficit of 2 trillion, pretty simple stuff, and that more or less gets added onto our overall debt of 36 trillion. Another major problem is this growing competition from China. Yes, I know that people like to discuss their demographic problems, but still, their population is more than four times the US population, and you learn about what other advantages they have over us and what we direly need to do to catch up. In our guests opinion, these issues incur some rather detailed explanations. So I'm really going to let our guest expert takeover for a while today, this weekend, I will be in San Antonio, Texas. San Antonio is an uptrending real estate market because they are really a beneficiary in distribution with their proximity to Mexico in the near shoring movement that's taking place. And then I will be in Austin, Texas, for a few days, Austin is one of the few major US metros that have seen rents substantially decline recently. I'll bring you next week's show from Austin, where I might talk more about that. Then, from the 20th to the 24th of this month, I'll be in New Orleans at the famed New Orleans investment conference, where they're pulling out all the stops at the 50th anniversary of the event, and that is the longest running investment event in America and perhaps the world. I hope to meet some of you there in New Orleans, just like I do each time I'm at the event. Let's talk about the bigger picture economy that your real estate and investments float within next.   This week's guest is the author of four books analyzing the crises that brought the global economy to the brink of collapse in recent decades. One of the books forecast the 2008 global financial crisis with great accuracy. We're going to discuss future crises here today, before we're done, he has worked as an equities and Investment Analyst, and then he went on to hold some rather esteemed roles at the World Bank in DC and as a consultant to the IMF in Asia. He joins us from Thailand today. He now publishes a video newsletter called macro watch, and long time listeners know that today's guest was also this show's very first guest that was back on GRE podcast episode seven, only 10 years ago now, in November 2014, and he's really become quite the friend of the show, and we've looked out for each other ever since. It's terrific to have back global macro economist Richard Duncan   Richard Duncan  7:46   Keith, hey, thank you for having me back. It's great to speak with you again.   Keith Weinhold  7:50   Oh, it's so good to have you here an entire decade of our lives. And as times change, economies are surely dynamic, and you're so good at spotlighting crises and explaining them in a way to people that they can understand. So Richard, why don't you talk to us now about risks facing the nation? Yes, I'm talking about the United States.   Richard Duncan  8:15   A lot of podcasts focus on all the problems the United States is facing, and it is certainly true that the United States is facing very serious risk. So I'd like to start off this conversation telling you what I think the greatest risk facing our country are. There are four main things I'd like to hit on. The first is something you mentioned to me before in our exchange of emails, is that the US government does have a very high level of government debt relative to GDP, and the budget deficits are large. So that's problem number one. Problem number two, in my opinion, looking at this from where I live in Asia, is that the United States is at risk of being conquered by China in the not too distant future. Risk Number Two. Risk Number three, we have very serious domestic political divisions within the United States. Risk Number four is that our post capitalist economic system, which I call creditism, must have credit growth to survive. If credit contracts, then our economy will spiral into a Great Depression that will be probably worse than the one of the 1930s so those are the big four problems that we have, and it doesn't do anyone any good just to talk about our country's problems if you don't offer a solution to them. So in my opinion, all of these problems can be overcome by accelerating economic growth in the United States, while all of these problems would be made very much worse by anything that causes us economic growth to slow down. The way to make the US economy grow much faster is to have the US Government finance a very, very large investment in the industries and technologies of the future over the next 10 years, starting immediately. The alternative austerity would cause the economy to spiral down into deflation. We'd like your listeners to think of austerity when they hear the word austerity. I'd like them to think of the word death. It's austerity is equal to death. Yeah, the US doesn't have to be a declining power. The first American Century doesn't have to be the last. It can be the first of many. The solution for driving the US economy to grow much more rapidly and solving all four of the problems that I mentioned above is a US sovereign wealth fund. Thank heavens. Both parties now support the establishment of a US sovereign wealth fund. On September 5, former President Trump came out in support of establishing a US sovereign wealth fund, and on the following day, the Biden administration said, then working on this for months and had a plan that they were developing. So this is fantastic news for the United States. It offers great hope for solving all of our greatest problems. And I'd like to spend, you know, a few minutes explaining to your listeners what a US sovereign wealth fund is, yes, urgently necessary, and why both parties have now come to understand why this is important to establish.   Keith Weinhold  11:27   Yeah, please tell us why you think the US sovereign wealth fund is so urgently needed, and what it is because for even longer than the 10 years since you were first here, for about 15 years now, you have championed and promoted this US sovereign wealth fund. You discussed it on CNBC Squawk Box and all over the place. Last year, you presented about it in a speech in DC to 15 members of the House, Ways and Means Committee. So tell us about the US sovereign wealth fund and why you think it's urgently needed.   Richard Duncan  11:56    Let's begin with, what is a sovereign wealth fund? Well, effectively, a sovereign wealth fund is where a country invest in individual companies or even in startups. There are sovereign wealth funds all around the world. Norway has the largest, Singapore has two very effective ones called gdic and Temasek, which had been enormously profitable and successful, and it made the people in Singapore much richer. So a sovereign wealth fund in the United States would be an investment bond financed by the United States government with the US. This investment fund would take stakes in existing companies and also in startup companies, hopefully on a very large scale. Now, some people have asked, Why is this framework necessary? Why do we need a sovereign wealth fund to do that when the government is already making investments in the military, for instance, and funding some R and D research? Well, the difference between what the government is doing now and a sovereign wealth fund is with a sovereign wealth fund, the government would actually keep equity stakes in these companies that they invest in, meaning that when these companies they invest in become enormously profitable, the profits would be owned by every American. The Americans would have the equity stakes in all of the investments that this sovereign wealth fund makes. And it would be a situation where the government provides the financing, but the private sector manages the companies. The government just finances these companies in new industries and new technologies, and the government has the ability to invest on a very much larger scale than the private sector does. For example, The United States has a lot of great companies in the private sector that have accomplished really, truly great things in recent years and long past as well. But these private sector companies cannot invest on the same scale that the Chinese government can. The Chinese government is investing on a much larger scale than any of the American companies could ever dream to invest on. And that's explains why China is overtaking us now technologically, and if they continue to invest at a rapid rate that they're doing currently, then before long, there are going to be far ahead of us technologically and therefore economically, and more worryingly, militarily, the US government has the ability to invest truly on a multi trillion dollar scale over the next decade in new industries and technologies, things like artificial intelligence, quantum computing, nanotech, biotech, genetic engineering and developing energy sources like fusion, and it has the ability to do this on such a large scale that it would be certain to succeed. And once these companies start creating cancer vaccines or fusion, for instance, they would be enormously profitable, and they could be listed on. NASDAQ at multi trillion dollar valuations, and the American public would own equity stakes in these companies, and would then would directly reap the rewards of these profits that these companies would generate. That is what a sovereign wealth fund is, why it's desperately needed, is, well, first of all, we should do it, because we can easily afford to do it. And the results, the breakthroughs, the technological breakthroughs and medical miracles that these sorts of companies would produce, would we really have the shot of curing all the diseases and radically extending life expectancy, developing sources of limitless energy that would bring down the cost of energy radically. Just across the board, it would induce a technological revolution that would turbo charge us economic growth, create UNDRIP wealth, and at the same time, shore up US national security in the face of this growing threat from China. So for all of those reasons, it is urgently necessary. In my opinion.   Keith Weinhold  16:04   both Norway and Singapore have had similar models to this. US sovereign wealth fund, and we certainly think of those two nations as prosperous places, tell me more about why it's a success so the government finances it does that incentivize companies to therefore take more risk?   Richard Duncan  16:25   It allows them to invest more. It allows them to invest on a much larger scale than that. Could if they have to rely on their own funding sources. Rather than investing millions of dollars, they could invest billions of dollars or 10s of billions of dollars. For instance, at the moment, the National Cancer Institute in the United States, this annual budget is $6 billion a year. $6 billion a year is not curing cancer. If we look back a few years ago, the Fed was creating $120 billion a month through quantitative easing per month. So with just 5% of one month of QE, you could double the National Cancer Institute's budget. Now that's not what this sovereign wealth fund would do. That just illustrates the scale. How much greater the scale would be that the government could invest on relative to what is currently being invested at the moment by the government and by the private sector combined.   Keith Weinhold  17:28   Do any critics ever ask about Wait? Is this too much government intervention into the free market? Is this a move away from capitalism? What do you say to those sort of critics?   Richard Duncan  17:38    I say to them that capitalism died in World War One. It certainly didn't survive the 20th century. Now the government. In the 19th century, we had capitalism. The government had very little involvement in the economy then and gold was money. But now gold is no longer money. The Fed creates some money. Government spending is something like nearly $7 trillion out of a GDP. That is around just not quite $30 trillion yet. So the government has been directing the economy going back at least since World War Two. This hasn't been capitalism for a very long time. Under capitalism, the private sector made investments, and some businessmen would make profits from their investments, and they would save that profit as capital and reinvest that capital. That's how capitalism grew. That's why they called it capitalism. It was based on capital accumulation and investment. But that's not how our economic system has worked for decades. Our system now is not driven by investment and saving by the private sector. It's driven by credit creation and consumption and more credit creation and more consumption and our economies has now been transformed from capitalism. It has evolved into creditism, with the government playing the directing role. So total credit in the United States, just last quarter blew through $100 trillion for the first time. By what I mean by total credit is the same thing as total debt. Total credit is equal to total debt. So this is all the debt of all sectors of the economy, the government sector, the household sector, the corporate sector, the financial sector, Fannie Mae and Freddie Mac all the sectors of the economy, it just went through $100 trillion and Breda ism has created very rapid growth, especially all around the world, not only in the United States, because it has allowed the US economy to grow so rapidly and to import so much from other countries that this is why The Asian miracle occurred. I've lived through the Asian miracle because the US has been running massively large trade deficits since the early 1980s and all these countries in Asia have been running massively large trade surpluses, and all this spending that the Americans have been doing has been fueled by this rapidly. Radically expansion of credit. Total credit first went through $1 trillion in 1964 now it's $100,000,000,000,000. 60 years later. Now our system is not capitalism. The government is very involved. Anytime there's any problem with the economy, the government steps in. In 2008 the government prevented a new Great Depression when the private sector the households defaulted on their debts and caused all the banks to fail, and Freddie Mac did fail and had to be taken over by the government. So at that time, we narrowly avoided a Great Depression, because the government increased its budget deficits by more than a trillion dollars a year for four years in a row, and the Fed expanded. The Fed created three and a half trillion dollars between the end of 2007 and 2014, expanding its balance sheet by about five times. So that's not capitalism. We don't have capitalism. So people who are worried about us abandoning capitalism. They're behind the times that happened a long time ago. That shouldn't be a concern. They should be aware now that we are competing against players who don't play by the capitalist rules of little government intervention in the markets we're now competing against China, and China is one giant sovereign wealth fund intent on dominating the world by investing very aggressively in new industries and technologies. In the year 2000 the United States invested, I think, 10 times as much in research and development as China did. But now China is actually investing more in research and development and the US is and that explains why China is ahead in so many areas of technology. They had 5g years before we did. They are the leaders in electric vehicles and batteries. We have to put up 100% tariffs to keep out electric vehicles from China because they're so much better than our electric vehicles. They dominate solar panels. And are worse, they have hypersonic missiles and we don't, and I'm sure they have other military advantages that we don't, because they invest much more aggressively in new industries and technologies than our government does. And if we don't rectify this quickly, then we are soon going to be overtaken by China militarily, and our national security is at risk, much more than most Americans understand. But this realization has slowly grown on policymakers in Washington, and now both parties are worried about this, and this is why we have this growing fear of China, and why we have proposals to limit technology transfers to China, and this is why we've done things like the chips and science act, where the government has agreed to finance a $280 billion investment in new industries and technologies a couple of years ago, with 50 billion of that going into setting up manufacturing facilities within the in the US to create semiconductors, rather than relying solely on Taiwan to obtain all of our semiconductors, because China could take Taiwan at any moment, and then then he would end up with all the semiconductor chips that go into powering artificial intelligence. And whoever develops Artificial General Intelligence first is going to rule the world, and therefore it had better be the United States rather than China, because we don't want to live in a world dominated by China, believe me.    Keith Weinhold  23:26   Well, a lot of macro voices agree with you. About two months ago, we had the president of the Mises Institute here, and the way he characterized things are in the United States. 100 years ago, we had islands of socialism in a sea of capitalism, and today we merely have islands of capitalism in a sea of socialism. Do you see the US sovereign wealth fund being able to solve all four of the United States big problems that you outlined, debt and deficit conquering by China, political division and creditism. Can it solve all four of those?   Richard Duncan  24:04   Yes, it can. So as you know, Keith, a couple of years ago, I published my fourth book. It was called the money revolution. Yeah? How to find the book? Sure, yeah. How to finance the next American century. It was a subtitle. Now I argue that it would be very easy for the US to invest on a multi trillion dollar scale, new industries and new technologies over the next decade, and if we do that through a sovereign wealth fund, then would generate so much growth and be so profitable that instead of causing the government debt to increase, it would actually make the economy so much larger and generate so many more tax revenues, and the government would make so many profits from these companies that it has equity stakes in that it would reduce the government debt in absolute terms, and radically reduce the government debt relative to GDP, which would grow far faster than it has been growing in recent decades. This problem, number one, solved the high level of government debt. A high level of debt to GDP just make the GDP grow a lot faster, and the ratio of debt to GDP will go down. Problem number two is the US is at risk of being conquered by China. We can out invest China. We can invest more than China can afford to invest. We still have the best universities and the best entrepreneurs and scientists. So if we invest on a large enough scale, we will win, and China will not conquer us. Third, if the economy is growing at 7% a year instead of 1% a year, that is going to alleviate a lot of the domestic tensions that exist currently, much of the reason there's the origins of this domestic political divide that we're now suffering from in the US is because such a large part of the population has been left behind when all the factories moved overseas, countries like China and Vietnam, we de industrialized, and the people who Used to have good factory jobs, good, unionized, high paying factory jobs. All those people were left out in the cold, and they're not happy about it. And so if our economy were growing much more rapidly, these people would have much better jobs and much higher salaries, and they would be much happier than they are at the moment. And the final one was our post capitalist system of creditism requires credit growth to survive. So if the government is financing these investments on a multi trillion dollar scale, it's going to make credit expand, and that's going to keep the economy expanding. So yes, it would solve all four of those problems.   Keith Weinhold  26:35   One of those four problems is the debt and the deficit. I want to dive into that more with Richard as it becomes more and more problematic in the United States, and just how far we can kick this can down the road. You're listening to get rich education. We're talking with macro economist Richard Duncan. More, we come back. I'm your host. Keith Weinhold.    Oh, geez. The national average bank account pays less than 1% on your savings. So your bank is getting rich off of you. You've got to earn way more, or else you're losing your hard earned cash to inflation. Let the liquidity fund help you put your money to work with minimum risk, your cash generates up to a 10% return and compounds year in and year out, instead of earning less than 1% in your bank account, the minimum investment is just 25k you keep getting paid until you decide you want your money back. Their decade plus track record proves they've always paid their investors 100% in full and on time. And you know how I know, because I'm an investor in this myself, earn 10% like me and GRE listeners are. Text family to 66866, to learn about freedom. Family investments, liquidity fund on your journey to financial freedom through passive income. Text family to 66866    Hey, you can get your mortgage loans at the same place where I get mine at Ridge lending group, NMLS, 420056, they provided our listeners with more loans than any provider in the entire nation because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. You can start your pre qualification and chat with President Caeli Ridge personally. Start Now while it's on your mind at Ridgelendinggroup.com that's Ridgelendinggroup.com   Jim Rickards  28:40   this is Author Jim Rickards. Listen to get rich education with Keith Weinhold, and don't quit your Daydream.   Keith Weinhold  28:55   Welcome back to get rich education. We are going big this week, talking about the global economy, although mostly centered on the United States, with macroeconomist Richard Duncan. You can learn more about him at RichardDuncaneconomics.com and Richard I want to talk about the debt in the deficit. The debt is the United States overall debt as it accumulates year after year, and the deficit is just the annual thing, and it's so interesting and concerning. When I look at this, when you look at the line items in the United States government's annual spending, we now see that interest payments are taking the second largest chunk, only to Social Security. Social Security's number one interest is the second biggest expense, even more than defense spending and on Medicare. So I just wonder, as I see the interest payments going up and up and up and projected to be our greatest expense every year. You know, one thing I think about Richard is when our interest payments alone exceed our. Revenue somewhere down the road, is that when it's game over, or is that when we're on the way to game over? So can you talk to us about really, where the concern crops up with the deficit, like I talked about, and with the debt that's now at about $36 trillion   Richard Duncan  30:17   deficit and debt is a real problem. It was the first problem that I mentioned when we kicked off the conversation. There are two components of that. One is the fact that government debt has been increasing very rapidly. At the end of 2007 total government debt was around $9 trillion by 2014 it had doubled to $18 trillion because the government had to respond to the collapse of the private sector in 2008 and prevent us from having a great depression at that time, and then after 2014 it has doubled again, from 18 trillion to $36 trillion now, much of that was due to the need for the government to keep us from having another Great Depression during COVID When government stimulus amounted to about $5 trillion and the Fed created a similar amount over just a two year period. So now we have a much higher level of government debt. But the second component of that is that interest rates are very much higher than they used to be. The federal funds rate went up from 0% a few years back to a high of five and a quarter, actually a range between five and a quarter and five and a half. And recently, the Fed cut the federal funds rate by 50 basis points. But you can still say it is 4.9% let's call it 4.9% so interest rates are far higher than they used to be, but they don't have to remain high. The reason interest rates went up is because the Fed increased the federal funds rate. And the reason the Fed increased the federal funds rate is because we had high rates of inflation. Inflation peaked at 9% or so in 2022 but most recently, the CPI has come back down to 2.4% and the Fed's favorite measure of inflation, that PCE Price Index, has come down to 2.2% and that means that the federal funds rate, which is 4.9% is more than twice as high as the inflation rate is. That shows us that we have very tight monetary policy, and the Fed should be able to reduce interest rates very rapidly going forward. They've told us in their dot plot projections that they expect that interest rates will end this year the federal funds rate at 4.4% and then in next year, at 3.4% and 2026 at 2.9% so that reduction in interest rates will bring down the cost of the total interest expense that you mentioned as being so high currently, the risk, however, is that we get a rebound in inflation. We're inflation to surge again, then interest rates won't come down. In fact, they could go higher. So all of my career, more or less, has been spent in Asia. And the main theme that is run through the global economy, the development of the global economy over the last three and a half decades has been globalization, globalization in the form of us running very large trade deficits with other countries. Literally, the US current account deficit since the early 1980s has been $15 trillion meaning countries with the trade surpluses have had a $15 trillion trade surplus, and that's why they've all been transformed economically as a result of their trade surplus with the US, but what the US got out of this was the ability to buy things made with very low cost labor, and that was extremely disinflationary, that drove down the inflation rate in the US, and that allowed interest rates in the US to come down to very low levels that we've seen during most of this century, Up until the time COVID started. The real danger is now, if we do impose very high trade tariffs on China and our other trading partners, then that will cause a very serious spike in inflation. And it won't just be one off, because, of course, when the tariffs are put in place, that will immediately cause everything to be that much more expensive. The US companies importing goods from abroad would have to pay that tariff, then those US companies would pass those higher expenses on to the consumers, so we'd get an immediate spike in inflation. But that would also mean that the companies abroad it wouldn't be so profitable for them to have their manufacturing facilities abroad, they would try to bring those back home. And given that the unemployment rate in the US is so low already, only 4.1% there's not enough labor to allow these manufacturing facilities to come back to the US and start producing goods in the US. So that would cause an upward spiral. In wages and the wage push inflation spiral of the type that we had in the late 1960s and early 1970s so that is a In other words, tariffs would put an end to globalization, and that would cause a such a severe spike in inflation and interest rates, it would essentially be the death nail for creditism, which requires credit growth to survive. The end of globalization would mean this end of this 30 year global economic boom that the world has enjoyed, and therefore it is a very severe threat, and it would push up the interest expense of the US government, which you let off with, instead of lower interest rates, bringing down the interest expense the government has to pay every year, we would have instead higher interest rates, which would make the amount that the government has to pay on its interest even higher than it is at the moment, and make the budget deficit even larger than it is at the moment, and Make the government debt grow even faster than it's growing at the moment. So let's hope that doesn't happen. Instead, the better approach is to invest, to have the government finance large scale investments in new industries and technologies make the economy grow much more rapidly and we can grow our way out of this debt problem that we're currently in,   Keith Weinhold  36:21   yes more inflation, whether that comes from higher tarrifs or any other sources, will lead to higher interest rates to counteract that higher inflation, which will Yes, pump up the deficit in the debt that much more. And you know, one thing that I like about Richard is, you know, a lot of people complain about things, or say, what are we going to do? Or Things look bad, and Richard is saying some of that, but he offers a way forward with the US sovereign wealth fund, like he talked about before, investing our way out of it. So Richard, if we don't invest in this debt and deficit situation gets worse. It could be a hard question to answer, but I'd like your best guess at how far can we kick the can down the road? When is it game over? How big do our interest payments on the debt and deficit have to get?    Richard Duncan  37:10   the game is never over. No matter how bad things become, humanity will survive and carry on. So even in the Great Depression, people made it through, even through World War Two that resulted, largely as a result of the Great Depression. A lot of people died. 60 million people died, but the game didn't end. So regardless of how bad the economic system system were to become, humanity will survive and there will be a solution. Now, a lot of people put forward that, the idea that they point out that we have this high level of government debt, and their solution is to reduce government spending. The government spends something like $6.8 trillion last year. That was the amount the government spent. The budget deficit last year was 1.8 trillion so in order to eliminate the budget deficit, the government would have to spend $1.8 trillion less. In other words, it would have to cut its spending by 27% but the government cut its spending by 27% they're going to happen. The economy would immediately spiral into a depression. So even that reduction in spending wouldn't balance the budget, because the government revenues would collapse, and they would have even fewer tax revenues, so the deficit would still be there, the economy would collapse, and the unemployment rate would be 20 plus percent, and would just fall further behind China and be at greater risk from a national security perspective, and much more miserable As a society overall. That's why it's always say people should consider think of the words austerity and death at the same time, because austerity would bring about the collapse of our economic system and the Great Depression unless your civilization would survive it.  trying to answer your question more directly, how high could this go? Well, governments don't default on their debt when push comes to shove. If the government's having a hard time paying interest on its debt, the Fed will just print more money. And in a case where between 2008 and 2014 when the Fed created three and a half trillion dollars, they printed a lot of money at that short space of time, and they got away with it without having high rates of inflation. The highest rate of inflation we had during that period was 3.8% in 2011 and by the early months of 2015 we had deflation again for a few months. Prices actually fell negative CPI for a few months in 2015 so if we have a global economy, as we do at the moment, full of we have nearly 8 billion people, I would guess 2 billion of them at least live on less than $5 a day. So the US could get away with having a lot of paper money printing without having higher, very high rates of inflation and the government could finance itself that way for quite a long time. Of course, if we have a closed domestic economy brought about by extremely high tariff barriers, then we would end up with hyperinflation in the United States. But even with hyperinflation, it would be very painful for people who have all their cash in the bank or under their mattress, but people with assets, those asset prices would appreciate more or less in line with the inflation, and it would erode the government debt relative to the size of the economy, because the GDP would grow in nominal terms very rapidly because of the hyperinflation, and the debt, which is not inflation adjusted, would be evaporated away by the inflation.   Keith Weinhold  40:43    right? that's why here at GRE we are all invested and aimed toward prudent use of leverage with assets like real estate and we sure have been the beneficiaries of that wave of inflation that followed COVID there. Richard, well, we're talking about the debt and the deficit somewhat, which, interestingly, has actually doubled since the first time you were here on the show. When you were here, 10 years ago, it was at 18 trillion, and today it's at 36 trillion. We talked about, how far can you kick the can down the road back then? Well, here we are, 10 years later, and it's doubled. Talk to us. You know, you talked previously about the greatest risk to the United States economy. Tell us now, as we are investors here on this show, about the greatest risk to the real estate and stock market, I would just say within the next year. What are some of those risks to those particular markets?   Richard Duncan  41:38   We've already discussed the main risk that high tariffs would potentially cause a new spike of inflation and force the Fed to hike interest rates rather than cutting interest rates. But there are some other risk as well. One is the fact that we already have a very high level of wealth relative to income. Let me back up a second. You were talking about debt doubling since we first spoke 10 years ago. Here's another statistic for you. Just in the last four and a half years, the total wealth of the Americans, all of their assets minus all of their liabilities. In other words, household sector net worth. Since the end of 2019 it has increased by $47 trillion in four and a half years. That's about a 40% increase. Now, $47 trillion is enough to pay off the entire US government tip, which we've been worrying about with $11 trillion left over. So not everything is as bleak as it sounds on the surface. We've had a huge explosion of wealth in the last four and a half years that's been driven by property and also by stocks. The problem now is, is that the level of income the asset prices, are very inflated relative to their historic norms. And one of the ratios that I always keep an eye on is called the wealth to income ratio. It takes the household sector net worth. In other words, the wealth that we were just discussing, which, by the way, is now $164 trillion of wealth owned by the Americans. The wealth divided by income, disposable personal income, this wealth to income ratio is now an extraordinarily high level. The ratio is 785% whereas the average of that ratio going back to 1950 has been 550% the previous two peaks were in the year 2000 when it hit 620 during the NASDAQ bubble, and then that bubble popped, and the stock market crashed, and we had a recession, and it went back to 550 and then it surged to a new peak of 680 during the property bubble. And then that bubble popped, and we almost went into a depression, and that a lot of wealth was destroyed. We had a severe recession. The government had to bail us out from and that ratio went back to 550 again. Now it is just off the charts relative to its previous peaks, because people 680 now it's 785 so people used to suggest that higher asset prices were justified because interest rates were near 0% but even after the Fed hiked interest rates from near 0% to about 5% The asset prices have stayed inflated. That does suggest that asset prices are very inflated and therefore very vulnerable to any sort of shock that could occur, whether geopolitical or economic or domestic political problems. So that's a concern. Another concern is quantitative tightening is still occurring. Quantitative tightening is the opposite of quantitative easing. When, with quantitative easing, the Fed creates money and pumps it into the financial markets, and that tends to make asset prices go up, and it also tends to make interest rates on government debt stay low, because if it pushes up bond prices, it pushes down. Bond yields. Well, now the opposite is occurring. Over the last two years, the Fed has destroyed roughly $2 trillion it created $5 trillion from the end of 2019 till about 2022 during the COVID pandemic, and the policy response to that, the Fed created $5 trillion but now it's destroyed 2 trillion of that five that it created, and is still destroying dollars at the rate of about $60 billion a month, or $700 billion a year. And as it does, as it destroys dollars, it takes dollars out of the financial system, which all other things being the same, tends to make financial conditions tighter, putting upward pressure on bond yields and downward pressure on asset prices. So as this continues, this is a concern, because reduce the liquidity in the system by another $700 billion if it continues for another year, having said that there is still an enormous amount of excess liquidity in the system as a result of all of the money that the Fed has created, going back to 2008 I estimate that the excess liquidity is somewhere around three and a half trillion dollars. If you look at bank reserves and the reverse repos at the Fed is about three and a half trillion dollars of excess liquidity, and the Fed actually has to pay interest to the banks on their bank reserves to hold interest rates up. That's how the Fed controls the federal funds rate now. It pays the banks roughly right now, 4.8% interest on all of the banks bank reserves, and so the banks will not lend money to anyone at less than 4.8% interest, because the Fed will pay them 4.8% interest. Why would they lend to anyone else for less if it suddenly stopped paying interest on these bank reserves, these banks would look around and where would they invest their three and a half trillion dollars in? No one's going to pay them 4.8% or even 3.8% or 2.8% interest rates would plunge because of all the excess liquidity that exists. So this excess liquidity has been a thing that's been driving the economy since COVID started, and it's why we've managed to avoid recession, which everyone is expected to arrive any moment now for the last two and a half years. So there are concerns, but there are also, as always, other reasons for optimism.   Keith Weinhold  47:24   Well, that wealth to income ratio that Richard talked about, that's a calculation that you yourself can do. One's net worth is almost eight times their income now, which is at a historic high, which is one concerning point that Richard brought up. Well, Richard, I want you to tell us about your terrific video newsletter, macro watch unless you have any other last thoughts first.   Richard Duncan  47:51   well, just one last word on the US sovereign wealth fund. Thank you very much for giving me a chance to discuss that and to explain why both Democrats and Republicans are now in favor of establishing a US sovereign wealth fund, one of the few issues that has bipartisan support. And this must come as a surprise to many of your listeners and most Americans, in fact, why have both parties agreed on really setting up a US sovereign wealth fund? So I'm glad I've had a chance to explain it and why it's so urgently necessary. I'd just like to emphasize the extraordinary benefits that this delivers to the American people, both individually and at a national level, individually, in terms of medical breakthroughs and better health and much more rapid economic growth for the economy, so much more wealth and much more national security as well. So I hope the Americans will get on board with this idea and give it their full support, because it's exactly what our country needs to solve all the four issues, the major issues that I laid out at the beginning of this conversation. But with that said, if your listeners would like to learn more about my work, Macrowatch. Microwatch is a video newsletter. Every couple of weeks, I upload a new video discussing something important happening in the global economy and how that's likely to affect the stock market, property, currencies and commodities. They can find macro watch on my website, which is RichardDuncanEconomics.com that's RichardDuncanEconomics.com Macro Watch has been going on now for 11 years, they'll find more than 100 hours of videos in the microwatch archives. They can begin watching immediately, and they'll receive a new video every couple of weeks. And I'd like to offer your listeners a subscription discount. If they go to Richard Duncan economics.com and hit the subscribe button, they'll be prompted to put in a discount coupon code, if they put it in G, R, E, they can subscribe to macro watch at a 50% discount. That's great. That's GRE so I hope they'll check that out, and at the very least, they can sign up there for my free blog and follow my work that way.   Keith Weinhold  49:56   And I have benefited from consuming macro watch content myself over the years, allowing me to sort of stretch my thought process and go macro, which we don't always do as real estate investors. Oh, Richard, it's been valuable as always, and you really offered a solution, a way forward here, something that's really refreshing. It's been great as always, having you back on the show.   Richard Duncan  50:18   Yeah. Thank you very much. I look forward to the next time   Keith Weinhold  50:21   me too. when it comes to the term capitalism, if that's truly a system that we're no longer in, you know, it seems to get replaced with the word meritocracy, and that is a word that I like, meritocracy, where producers get rewards for being productive, but even that is under attack, and the government just always seems to be stepping in with a safety net. Seemingly everywhere you look, it won't let banks fail. We saw them jump in early last year with Silicon Valley Bank and other bank failures, the government won't let homeowners fail either. I mean, you don't have to think back very far with mortgage loan forbearance in the COVID era, on issues of the debt and deficit. Even Fed Chair Jerome Powell himself has called it unsustainable. That's the word that he used. Like Richard said today, we won't default. We'll just print more. So when it comes to the inflation versus deflation tug of war, the future keeps looking inflationary, but at what rate of inflation? That's what I don't know, and no one really knows. If you like Richard Duncan's content, and you sort of wished he and I's conversation would go on. Well, he is a regular guest here, so I expect him back. But if you're telling yourself, I want more of his content and I want to make it visual at the same time to help really bring this to life, well, visit RichardDuncanEconomics.com hit the subscribe button and get 50% off. That's five zero, 50% off with the discount code. GRE. Happy Veterans Day. Until next week, I'm your host, Keith Weinhold, don't quit your Daydream.   Speaker 2  52:17   Nothing on this show should be considered specific, personal or professional advice, please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively you   Keith Weinhold  52:46   The preceding program was brought to you by your home for wealth, building, getricheducation.com

The Friendly Bear
Dr. Sunny Harris - Mathematician, Quantitative Trader Makes Millions in the Markets for 40+ Years

The Friendly Bear

Play Episode Listen Later Oct 31, 2024 32:41


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