Podcasts about Quantitative easing

The Dollar Standard, Global Liquidity, and the Coming Economic Reckoning In my expansive and highly accessible conversation with renowned economist Richard Duncan, we discuss the logic behind his long-running critique of the international monetary system, a system Richard calls the Dollar Standard where he explains why current U.S. policy moves, the system could come crashing down.   The Origins of the Dollar Standard and America's “Exorbitant Privilege” The Dollar Standard, Duncan explains, evolved out of the collapse of the Bretton Woods system (implemented after WWII) in 1971. Under Bretton Woods, currencies were pegged to the U.S. dollar, and the dollar was pegged to gold. But when other countries accumulated more dollars than the U.S. had gold, President Nixon suspended dollar convertibility, effectively ending the gold standard.   What replaced it was a floating currency regime and the birth of the Dollar Standard. Crucially, the U.S. began running persistent trade deficits, importing goods and sending dollars abroad. These dollars, in turn, were recycled by foreign central banks, especially in trade surplus countries like China and Japan, into U.S. dollar-denominated assets, primarily Treasuries, but also equities and real estate.   This loop, Duncan argues, created America's “exorbitant privilege”: the ability to fund government spending and consumer imports at artificially low interest rates, because foreign buyers are constantly reinvesting in U.S. debt and assets.   The phrase "exorbitant privilege" was first coined by Valéry Giscard d'Estaing, who later became President of France, but at the time was serving as France's Minister of Finance under President Charles de Gaulle in the 1960s.   He used the term to criticize the unique advantages enjoyed by the United States under the Bretton Woods system, particularly the ability to run persistent deficits by issuing debt in its own currency (the U.S. dollar), while foreign nations had to hold and use those dollars to trade and build reserves.   Giscard and de Gaulle saw this as an unfair financial hegemony that allowed the U.S. to “live beyond its means” at the expense of others. The phrase was intended as a critique but, ironically, it's now often used in a neutral or even admiring tone by economists.   How Global Credit Became a Bubble Machine Duncan makes the case that this system, while benefiting the U.S. enormously, has been fundamentally destabilizing for the rest of the world.   As surplus countries absorb dollar inflows, their central banks convert them into local currency, often by printing their own money. That liquidity ends up in domestic banking systems, fueling excessive credit growth, asset bubbles, and financial crises.   It happened in Japan in the late 1980s. It triggered the Asian Financial Crisis in the late 1990s. And it helped fuel China's real estate boom and the global credit bubble that preceded the 2008 collapse.   Notably, Duncan predicted the 2008 financial crisis in his 2003 book, The Dollar Crisis, warning that runaway global imbalances would eventually lead to a systemic shock. He now argues that post-2008 bailouts and quantitative easing (QE) only expanded the bubble rather than fixing the problem.   Trump's Trade Doctrine: Potential to Destabilize the System Fast forward to 2025: Trump is back in office, and his administration is moving quickly to reshape global trade.   Duncan's concern is that the Trump administration's effort to eliminate the U.S. trade deficit by imposing high tariffs and pursuing a strategic devaluation of the dollar, undermines the very structure that has sustained U.S. prosperity and global financial stability for decades. Why? Because every U.S. trade deficit is matched by a capital inflow. It's a balance-of-payments identity: if the U.S. runs a $1.1 trillion current account deficit, there must be a $1.1 trillion capital surplus (i.e., inflows) to finance it.   Take that away and you choke off the supply of global liquidity that props up asset prices worldwide.   The Doom Loop: What Happens If Capital Stops Flowing In Duncan walks through the scenario: If tariffs succeed in shrinking the trade deficit, dollars stop flowing abroad. Without those dollars, foreign central banks have fewer reserves to recycle into U.S. assets. This reduces demand for Treasuries, pushing interest rates up. Rising rates crush real estate, stocks, and credit-dependent sectors. Simultaneously, trade-surplus economies face a liquidity crunch, leading to job losses, bankruptcies, and potential financial crises. The result? A global depression triggered not by market excess this time, but by deliberate government policy.   Duncan notes that the Trump administration has already blinked once in rolling back tariffs on China after markets began to seize. But the damage to global confidence in the dollar's stability and America's reliability as a trading partner may already be done.   CRE-Specific Risks For CRE professionals, Duncan's framework suggests several key risks: Interest Rate Volatility: If capital inflows decline, Treasury demand will fall and rates may rise, increasing financing costs and repricing assets downward. Foreign Capital Flight: A weakening dollar and escalating trade tensions could lead to foreign divestment from U.S. real estate, especially in coastal gateway cities where foreign investors are dominant. Liquidity Shock: Reduced global liquidity may tighten credit markets, making debt financing harder to access for new acquisitions or refis. Wealth Effect Reversal: Falling stock prices and higher rates could curb consumer spending and investor confidence, affecting retail, hospitality, and housing-linked CRE. Is There a Way Out? Despite the dire tone, Duncan offers a constructive alternative. In his more recent book, The Money Revolution, he advocates using the U.S. government's borrowing capacity, enabled by dollar dominance and low rates, to invest aggressively in future-focused industries: AI, biotech, quantum computing, green energy.   In short: inflate productively, not destructively. Use fiat-financed public investment to grow out of the debt bubble, rather than letting it implode through austerity or protectionism. But he acknowledges that political will may be lacking and that, without it, the only other option will be another round of massive QE when the next crisis hits.   Final Thought Duncan's message is clear: we are not playing by gold standard rules anymore. The U.S. economy, and the world's, runs on confidence, liquidity, and the flow of capital. Disrupt that system and we may find ourselves testing whether the Fed and Treasury can reflate the bubble one more time. *** You may not agree with Richard's perspective but, as a real estate investor, understanding differing points of view helps in underwriting investment risk by incorporating possible downsides into exit strategies.   This is a fascinating and accessible discussion. Tune in if you want to understand the real risks underpinning your real estate investment decisions in the coming months.   *** In this series, I cut through the noise to examine how shifting macroeconomic forces and rising geopolitical risk are reshaping real estate investing.   With insights from economists, academics, and seasoned professionals, this show helps investors respond to market uncertainty with clarity, discipline, and a focus on downside protection.    Subscribe to my free newsletter for timely updates, insights, and tools to help you navigate today's volatile real estate landscape. You'll get: Straight talk on what happens when confidence meets correction - no hype, no spin, no fluff. Real implications of macro trends for investors and sponsors with actionable guidance. Insights from real estate professionals who've been through it all before. Visit GowerCrowd.com/subscribe Email: adam@gowercrowd.com Call: 213-761-1000    

In this episode, I chat with Peruvian Bull, a well-known Bitcoin researcher and educator. We also unpack the central bank manipulation, the coming currency wars, and why Bitcoin might be the only way out. If you're looking to understand what the next phase of the dollar endgame might look like, this episode is for you.  ––– Offers & Discounts –––

Market Analysis Post-Tax Deadline and Economic Insights In this episode of Dividend Cafe, Brian Szytel provides a comprehensive market analysis for Tuesday, April 15th. Key topics include the minor decline in major indices (DOW, S&P, NASDAQ), stable 10-year treasury yields, stalled negotiations between the EU and US on trade, and slight changes in US import prices for March. Brian also discusses the New York Fed Empire State Manufacturing Index and its better-than-expected, though still negative, April results. Additional commentary covers the effect of tariffs on import prices, the dollar and bond market trends, and the potential resumption of quantitative easing. The discussion concludes with an in-depth look at cyclical versus structural recessions, emphasizing the current structural volatility and its real impact on the economy. 00:00 Introduction and Market Overview 01:09 Economic Indicators and Market Reactions 01:56 Discussion on Dollar and Bonds 03:03 Quantitative Easing and Market Expectations 04:01 Recessions: Cyclical vs Structural 05:27 Conclusion and Final Thoughts Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

Patrick Bet-David sits down for an emergency podcast with economist and "Father of Quantitative Easing" Richard Werner for a deep-dive conversation into the future of global finance. They discuss the rise of de-dollarization, central bank digital currencies (CBDCs), the real story behind quantitative easing, and how China's latest tariff retaliation could reshape global trade.------

In this episode, I'm joined by fellow finance professional Scott Foley to discuss the viral debate between Daniel Priestley and Gary Stevenson on The Diary of a CEO.With wealth inequality at the forefront of global discourse, is a wealth tax really practical? We unpack and explain their clashing views on economic freedom, taxation, and government policy.We explore the most controversial solutions to narrowing the wealth gap and discuss some bold ideas such as a 100% inheritance tax, a land value tax, and taxing unrealised gains,We also look at the impact of AI, globalisation, and property prices on the economic landscape—and what it all means for the future of wealth creation and distribution.00:03 Debate Breakdown: Daniel Priestley vs. Gary Stevenson01:39 Key Points of Agreement and Disagreement04:05 Economic Freedom and Entrepreneurship04:29 Wealth Inequality and Taxation11:00 Global Economic Policies and Their Impact17:05 Profit Shifting and Consumption Tax32:07 Inheritance Tax and Wealth Distribution35:46 Unlocking Unrealised Gains36:34 100% Inheritance Tax and Its Implications38:39 Property Prices and Housing Crisis42:30 Why Gary is Wrong about the History of Property Ownership44:05 The Truth About the UK Under High Taxation49:41 Land Value Tax as a Solution01:00:58 Quantitative Easing and Inequality Hosted on Acast. See acast.com/privacy for more information.

Markets launch into the second half of March, with the closing of the buy back window in sight; economic numbers include Retail Sales (not bad, but not great): Is a Recession near? (Setting the stage for "lyabetes.") Consumers are slowing down, but egg prices are falling ahead of Easter. The markets' value-rally is approaching resistance at the 200-DMA. Bitcoin is a levered proxy for stocks. Gold is doing well as a risk-off trade. Lance shares the latest about his beloved dog, Gunner. Retail investors are buying the dip, despite overall bearish mood. FOMO of the market bottom; this is a generation of investors who have never seen a market crash. Warren Buffett is amassing cash, but for what? Lance and Jon discuss how Buffett "nibbles." Looking for a rally in the Dollar; previewing this week's Fed meeting (they're always wrong). What the Fed say about Quantitative Easing; pause or not? SEG-1: The Second Half of March - Buy Backs End Soon SEG-2a: Gunner, the Stupid Dog SEG-2b: Investors Buy the Dip Despite Bearsh Bearishness SEG-3: Warren Buffett's "Nibbles" SEG-4a: Looking for a Dollar Rally SEG-4b: Fed Meeting Preview Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Senior Financial Advisor Jonathan Penn, CFP Produced by Brent Clanton, Executive Producer ------- REGISTER FOR OUR NEXT CANDID COFFEE (3/29/25) HERE: https://streamyard.com/watch/Gy68mipYram2 ------- Watch today's full show video here: https://www.youtube.com/watch?v=kJJkzLT34qA&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=3245s ------- Articles mentioned in this report: "Retail Investor Buys The Dip Despite Bearish Sentiment" https://realinvestmentadvice.com/resources/blog/retail-investor-buys-the-dip-despite-bearish-sentiment/ "Stupidity And The 5-Laws Not To Follow" https://realinvestmentadvice.com/resources/blog/stupidity-and-the-5-laws-not-to-follow/ "Sell Off Accelerates As Recession Fears Emerge" https://realinvestmentadvice.com/resources/blog/sell-off-accelerates-as-recession-fears-emerge/ “Curb Your Enthusiasm” In 2025 https://realinvestmentadvice.com/resources/blog/curb-your-enthusiasm-in-2025/ ------- The latest installment of our new feature, Before the Bell, "Market Assaults 200-DMA " is here: https://www.youtube.com/watch?v=--4rEMEeoeo&list=PLwNgo56zE4RAbkqxgdj- ------- Our previous show is here: "Recession Fears Emerge" https://www.youtube.com/watch?v=x-CH6au_1Vo&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 ------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #BuyTheDip #StockMarketNews #RetailInvesting #MarketSentiment #InvestingStrategy #InvestingMistakes #FinancialWisdom #MarketRally #KeyResistance #200DMA #Recession #MovingAverage #ReduceRisk #TakeProfits #MarketCorrection #Recession #MovingAverage #ReduceRisk #TakeProfits #Recession2025 #StockMarketCrash #EconomicOutlook #FedRateCuts #WealthManagement #FinanceTalk #InvestingTrends #InvestingAdvice #Money #Investing

Markets launch into the second half of March, with the closing of the buy back window in sight; economic numbers include Retail Sales (not bad, but not great): Is a Recession near? (Setting the stage for "lyabetes.") Consumers are slowing down, but egg prices are falling ahead of Easter. The markets' value-rally is approaching resistance at the 200-DMA. Bitcoin is a levered proxy for stocks. Gold is doing well as a risk-off trade. Lance shares the latest about his beloved dog, Gunner. Retail investors are buying the dip, despite overall bearish mood. FOMO of the market bottom; this is a generation of investors who have never seen a market crash. Warren Buffett is amassing cash, but for what? Lance and Jon discuss how Buffett "nibbles." Lookng for a rally in the Dollar; previewing this week's Fed meeting (they're always wrong). What the Fed say about Quantitative Easing; pause or not? SEG-1: The Second Half of March - Buy Backs End Soon SEG-2a: Gunner, the Stupid Dog SEG-2b: Investors Buy the Dip Despite Bearsh Bearishness SEG-3: Warren Buffett's "Nibbles" SEG-4a: Looking for a Dollar Rally SEG-4b: Fed Meeting Preveiw Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Senior Financial Advisor Jonathan Penn, CFP Produced by Brent Clanton, Executive Producer ------- REGISTER FOR OUR NEXT CANDID COFFEE (3/29/25) HERE: https://streamyard.com/watch/Gy68mipYram2 ------- Watch today's full show video here: https://www.youtube.com/watch?v=kJJkzLT34qA&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=3245s ------- Articles mentioned in this report: "Retail Investor Buys The Dip Despite Bearish Sentiment" https://realinvestmentadvice.com/resources/blog/retail-investor-buys-the-dip-despite-bearish-sentiment/ "Stupidity And The 5-Laws Not To Follow" https://realinvestmentadvice.com/resources/blog/stupidity-and-the-5-laws-not-to-follow/ "Sell Off Accelerates As Recession Fears Emerge" https://realinvestmentadvice.com/resources/blog/sell-off-accelerates-as-recession-fears-emerge/ “Curb Your Enthusiasm” In 2025 https://realinvestmentadvice.com/resources/blog/curb-your-enthusiasm-in-2025/ ------- The latest installment of our new feature, Before the Bell, "Market Assaults 200-DMA " is here:  https://www.youtube.com/watch?v=--4rEMEeoeo&list=PLwNgo56zE4RAbkqxgdj- ------- Our previous show is here: "Recession Fears Emerge" https://www.youtube.com/watch?v=x-CH6au_1Vo&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 ------- Get more info & commentary:  https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #BuyTheDip #StockMarketNews #RetailInvesting #MarketSentiment #InvestingStrategy #InvestingMistakes #FinancialWisdom #MarketRally #KeyResistance #200DMA #Recession #MovingAverage #ReduceRisk #TakeProfits #MarketCorrection #Recession #MovingAverage #ReduceRisk #TakeProfits #Recession2025 #StockMarketCrash #EconomicOutlook #FedRateCuts #WealthManagement #FinanceTalk #InvestingTrends #InvestingAdvice #Money #Investing

Crypto News: The Fed will hold its FOMC meeting this week, will they cut rates and signal the return of Quantitative Easing which could pump Bitcoin, Altcoins, and Stocks. Solana marks 5 year anniversary as network activity dips, Firedancer launch inches closer.Show Sponsor -

Bill Barhydt, Founder & CEO of Abra, joined me to discuss the current crypto market conditions and what we can expect in 2025. https://www.abra.com/Topics: - SEC dismisses cases against Coinbase and other companies - Bybit hack - Current state on the crypto market. Is the bull market over? When reversal?- Macro factors - Fed, Interest Rates, Return of QE - Pro Crypto Government - Trump, Congress, SEC, etc - Will Crypto Legislation get passed this year? - Meme coins - Bitcoin Reserve and Digital Asset Stockpile Show Sponsor - ✅ VeChain is a versatile enterprise-grade L1 smart contract platform https://www.vechain.org/ 

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.

Are bailouts the new “trickle-down” economics? Have government debt and deficits caused capitalism's collapse—thus ending the American Dream?Ruchir Sharma is a well-known columnist for the Financial Times, the author of bestselling books Breakout Nations and The Rise and Fall of Nations, and an investment banker who worked as Morgan Stanley's head of emerging markets for 25 years. His new book, What Went Wrong With Capitalism, traces the roots of current disaffection with our capitalist economy to unabashed stimulus and too much government intervention. Take an example: Sharma writes that the United States federal government has introduced 3,000 new regulations in the last twenty years, and withdrawn just 20 over the same span. He likens the Federal Reserve's constant bailouts—under chairs appointed by presidents from both parties—to the opioid crisis, in which the solution created more problems than the pain it was designed to treat.Sharma joins Bethany and Luigi to explain how constant government intervention leads to inefficient “zombie” firms, higher property prices, housing shortages, massive inequality, and a historic government debt and deficit crisis. Together, they discuss the first step to a cure—a correct diagnosis of the problem—and how to approach the treatment without exacerbating the problems. In the process, they leave us with a renewed understanding of how “pro-business is not the same as pro-capitalism,” a distinction that Sharma says “continues to elude us.”Episode Notes:Link to submit papers for the Stigler Center 2025 Antitrust ConferenceRevisit “Is the Federal Reserve an Engine of Inequality?”, our previous episode on modern monetary theory or the claim that debt doesn't matter.Revisit “Capitalism After the Crisis,” Luigi's article for Foreign Affairs (2009), where he outlines the tensions between a pro-capitalism and a pro-business agenda. Also, check out ProMarket.org, our publication at the Stigler Center that he founded in 2016, with the mission of shedding light on this tension and how to ameliorate it.

This is the final episode of Cited's most recent season, Use & Abuse of Economic Expertise, a season that tells stories of the political and scholarly battles behind the economic ideas that shape our world. For a full list of credits, and for the rest of the episodes, visit the series page. They will back with a new season focussed on environmental politics in early 2025, so make sure you are subscribed to the podcast (Apple, Spotify, manual RSS). The MAGA movement scores big wins by taking cheap shots at experts. Now, some worry that Donald Trump could try to oust Federal Reserve Chairman Jerome Powell. The typical centrist position is to defend the supposedly impartial, apolitical expertise of such figures. Yet, we know that is not exactly right either. Is there a better way to imagine a better bank? In our first segment, we speak with Frances Coppala, author of The Case for People's Quantitative Easing. It's something of a case study in Fed politics, revealing how their decisions post-Global Financial Crisis served the rich, and not working people. Yet, saying that these experts are political does not mean we have to be hyper-partisan reactionary hacks. Instead, democratizing the bank could offer a better way forward. That's according to Annelise Riles, a professor of law and of anthropology, and author of the book Financial Citizenship: Experts, Publics, and the Politics of Central Banking. Riles is also host the Foreign Policy podcast Everyday Ambassador, which its new second season out now. What would democratizing the Fed look like, and would that really counter the powerful financial interests that have so thoroughly captured the institution? Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

This is the final episode of Cited's most recent season, Use & Abuse of Economic Expertise, a season that tells stories of the political and scholarly battles behind the economic ideas that shape our world. For a full list of credits, and for the rest of the episodes, visit the series page. They will back with a new season focussed on environmental politics in early 2025, so make sure you are subscribed to the podcast (Apple, Spotify, manual RSS). The MAGA movement scores big wins by taking cheap shots at experts. Now, some worry that Donald Trump could try to oust Federal Reserve Chairman Jerome Powell. The typical centrist position is to defend the supposedly impartial, apolitical expertise of such figures. Yet, we know that is not exactly right either. Is there a better way to imagine a better bank? In our first segment, we speak with Frances Coppala, author of The Case for People's Quantitative Easing. It's something of a case study in Fed politics, revealing how their decisions post-Global Financial Crisis served the rich, and not working people. Yet, saying that these experts are political does not mean we have to be hyper-partisan reactionary hacks. Instead, democratizing the bank could offer a better way forward. That's according to Annelise Riles, a professor of law and of anthropology, and author of the book Financial Citizenship: Experts, Publics, and the Politics of Central Banking. Riles is also host the Foreign Policy podcast Everyday Ambassador, which its new second season out now. What would democratizing the Fed look like, and would that really counter the powerful financial interests that have so thoroughly captured the institution? Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

This is the final episode of Cited's most recent season, Use & Abuse of Economic Expertise, a season that tells stories of the political and scholarly battles behind the economic ideas that shape our world. For a full list of credits, and for the rest of the episodes, visit the series page. They will back with a new season focussed on environmental politics in early 2025, so make sure you are subscribed to the podcast (Apple, Spotify, manual RSS). The MAGA movement scores big wins by taking cheap shots at experts. Now, some worry that Donald Trump could try to oust Federal Reserve Chairman Jerome Powell. The typical centrist position is to defend the supposedly impartial, apolitical expertise of such figures. Yet, we know that is not exactly right either. Is there a better way to imagine a better bank? In our first segment, we speak with Frances Coppala, author of The Case for People's Quantitative Easing. It's something of a case study in Fed politics, revealing how their decisions post-Global Financial Crisis served the rich, and not working people. Yet, saying that these experts are political does not mean we have to be hyper-partisan reactionary hacks. Instead, democratizing the bank could offer a better way forward. That's according to Annelise Riles, a professor of law and of anthropology, and author of the book Financial Citizenship: Experts, Publics, and the Politics of Central Banking. Riles is also host the Foreign Policy podcast Everyday Ambassador, which its new second season out now. What would democratizing the Fed look like, and would that really counter the powerful financial interests that have so thoroughly captured the institution? Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/politics-and-polemics

This is the final episode of Cited's most recent season, Use & Abuse of Economic Expertise, a season that tells stories of the political and scholarly battles behind the economic ideas that shape our world. For a full list of credits, and for the rest of the episodes, visit the series page. They will back with a new season focussed on environmental politics in early 2025, so make sure you are subscribed to the podcast (Apple, Spotify, manual RSS). The MAGA movement scores big wins by taking cheap shots at experts. Now, some worry that Donald Trump could try to oust Federal Reserve Chairman Jerome Powell. The typical centrist position is to defend the supposedly impartial, apolitical expertise of such figures. Yet, we know that is not exactly right either. Is there a better way to imagine a better bank? In our first segment, we speak with Frances Coppala, author of The Case for People's Quantitative Easing. It's something of a case study in Fed politics, revealing how their decisions post-Global Financial Crisis served the rich, and not working people. Yet, saying that these experts are political does not mean we have to be hyper-partisan reactionary hacks. Instead, democratizing the bank could offer a better way forward. That's according to Annelise Riles, a professor of law and of anthropology, and author of the book Financial Citizenship: Experts, Publics, and the Politics of Central Banking. Riles is also host the Foreign Policy podcast Everyday Ambassador, which its new second season out now. What would democratizing the Fed look like, and would that really counter the powerful financial interests that have so thoroughly captured the institution? Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/law

This is the final episode of Cited's most recent season, Use & Abuse of Economic Expertise, a season that tells stories of the political and scholarly battles behind the economic ideas that shape our world. For a full list of credits, and for the rest of the episodes, visit the series page. They will back with a new season focussed on environmental politics in early 2025, so make sure you are subscribed to the podcast (Apple, Spotify, manual RSS). The MAGA movement scores big wins by taking cheap shots at experts. Now, some worry that Donald Trump could try to oust Federal Reserve Chairman Jerome Powell. The typical centrist position is to defend the supposedly impartial, apolitical expertise of such figures. Yet, we know that is not exactly right either. Is there a better way to imagine a better bank? In our first segment, we speak with Frances Coppala, author of The Case for People's Quantitative Easing. It's something of a case study in Fed politics, revealing how their decisions post-Global Financial Crisis served the rich, and not working people. Yet, saying that these experts are political does not mean we have to be hyper-partisan reactionary hacks. Instead, democratizing the bank could offer a better way forward. That's according to Annelise Riles, a professor of law and of anthropology, and author of the book Financial Citizenship: Experts, Publics, and the Politics of Central Banking. Riles is also host the Foreign Policy podcast Everyday Ambassador, which its new second season out now. What would democratizing the Fed look like, and would that really counter the powerful financial interests that have so thoroughly captured the institution? Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance

This is the final episode of Cited's most recent season, Use & Abuse of Economic Expertise, a season that tells stories of the political and scholarly battles behind the economic ideas that shape our world. For a full list of credits, and for the rest of the episodes, visit the series page. They will back with a new season focussed on environmental politics in early 2025, so make sure you are subscribed to the podcast (Apple, Spotify, manual RSS). The MAGA movement scores big wins by taking cheap shots at experts. Now, some worry that Donald Trump could try to oust Federal Reserve Chairman Jerome Powell. The typical centrist position is to defend the supposedly impartial, apolitical expertise of such figures. Yet, we know that is not exactly right either. Is there a better way to imagine a better bank? In our first segment, we speak with Frances Coppala, author of The Case for People's Quantitative Easing. It's something of a case study in Fed politics, revealing how their decisions post-Global Financial Crisis served the rich, and not working people. Yet, saying that these experts are political does not mean we have to be hyper-partisan reactionary hacks. Instead, democratizing the bank could offer a better way forward. That's according to Annelise Riles, a professor of law and of anthropology, and author of the book Financial Citizenship: Experts, Publics, and the Politics of Central Banking. Riles is also host the Foreign Policy podcast Everyday Ambassador, which its new second season out now. What would democratizing the Fed look like, and would that really counter the powerful financial interests that have so thoroughly captured the institution? Learn more about your ad choices. Visit megaphone.fm/adchoices

Why long term interest rates are going up while the Fed is cutting.

Jon Hartley is a macroeconomist and affiliated scholar at the Mercatus Center, and he is also the host of a Hoover Institution podcast titled, *Capitalism and Freedom in the 21st Century.* Jon joins David on Macro Musings to talk about the Hoover Institution's recent monetary policy conference, *A 50-Year Retrospective on the Shadow Open Market Committee and its Role in Monetary Policy* as well as some of his own related work. Specifically, Jon and David also discuss the origins, purpose, and influence of the Shadow Open Market Committee, the tension between the fiscal theory of the price level and Fed policy, the significance of government debt management, and more.   DISCLAIMER: The views expressed herein are those of the authors and should not be attributed to the IMF, its Executive Board, or its management.   Transcript for this week's episode.   Register now for Building a Better Fed Framework: The AIER Monetary Conference.   Jon's podcast: Capitalism and Freedom in the 21st Century Jon's Twitter: @Jon_Hartley_ Jon's website   David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Check out our new AI chatbot: the Macro Musebot! Join the new Macro Musings Discord server!   Join the Macro Musings mailing list! Check out our Macro Musings merch!   Related Links:   *A 50-Year Retrospective on the Shadow Open Market Committee and its Role in Monetary Policy* - An event hosted by the Hoover Institution   *The International Public Debt Valuation Puzzle: Testing the Fiscal Theory of the Price Level Across Countries and Time* by Jon Hartley, Matyas Farkas, and J.R. Scott   *Does Government Debt Management Matter? High Frequency Identification from U.S. Treasury Quarterly Refunding Announcements* by Jon Hartley and Lorenzo Rigon   *The U.S. Public Debt Valuation Puzzle* by Hanno Lustig, Zhengyang Jiang, Stijn Van Nieuwerburgh, and Mindy Xiaolan   *The Real Effects of Monetary Expansions: Evidence from a Large-scale Historical Experiment* by Nuno Palma   *Chronicle of a Deflation Unforetold* by Francois Velde   Timestamps:   (00:00:00) – Bumper   (00:00:41) – Intro   (00:04:50) – The Origins, Purpose, and Influence of the Shadow Open Market Committee   (00:13:18) – Why Has Money Fallen Out of Favor?   (00:22:31) – How Well Does the Fiscal Theory of the Price Level Hold Up?   (00:34:58) – The Tension Between the Fiscal Theory of the Price Level and Fed Policy   (00:40:58) – Does Government Debt Management Matter?   (00:51:10) – The Floor System, Quantitative Easing, and the Keys to Economic Growth   (00:59:41) – Outro

In this week's episode of **Market Mondays**, we covered a wide range of key topics related to the current financial landscape. Ian shared his insights on stocks that could perform well if Donald Trump wins the next election, expanding on previous discussions about stocks to watch if Kamala Harris were to win. Troy also delivered an informative presentation on stock options, providing valuable strategies for navigating the market.We dove into the topic of **Bitcoin** and discussed whether it will continue to follow the Quantitative Easing, 4-year cycle. Ian also provided his **trading tip of the week**, emphasizing that "the shorter the time frame, the weaker the signal," offering advice on how to interpret market signals effectively.Another major topic was the **potential acquisition of Expedia by Uber**. We explored what this purchase could mean for both companies and the broader tech industry. We also had a special guest—U.S. Secretary of Education Miguel Cardona—who joined us to discuss the Biden administration's **$4.5 billion student debt relief announcement** and the current status of education in America. This was an insightful conversation about the government's efforts to alleviate financial burdens on students.Additionally, we addressed whether it's a good time to consider **precious metals like gold**, which recently hit a record high. We explored how much of your portfolio should be allocated to precious metals. We also tackled the question, "If I only invest in VTI and QQQM for the long term, will I be fine?" offering a deep dive into these two popular index funds.In a more rebellious approach, we discussed the strategy of holding **2 tech stocks and 3 index funds** (like healthcare and small caps) for broader exposure, challenging the conventional wisdom of sticking to a strict balance of investments. Finally, we highlighted **8 dividend stocks beyond the usual Dividend Kings**, featuring names like Verizon, Pfizer, UPS, Kraft Heinz, T. Rowe Price, Chevron, CVS Health, and Sirius XM, giving investors new options for securing reliable income.EYL University 48 Hour Sale: Enter Code "MarketMondays" at Checkout https://eyluniversity.com (https://eyluniversity.com) #MarketMondays #StockMarket #Investing #Bitcoin #StudentDebtRelief #PreciousMetals #DividendStocks #FinancialFreedom #VTI #QQQM #TechStocks #Education #Uber #Expedia #TradingTipsSupport this podcast at — https://redcircle.com/marketmondays/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Central banks remain very much in focus over the coming week, with policy meetings in Europe and across Asia. We're expecting rate cuts from two of those and the theme of divergence, based on local dynamics, seems very much in play. Some central banks look set to deliver more easing than perhaps would have been expected only a month ago, but some a little less. Aside from the central banks, we'll need to watch out for fiscal policy news from China, as well as ongoing developments in the Middle East. Chapters: US (02:13), Europe (06:17), Asia (09:26), China (12:56)

Matete Thulare from RMB discusses China's decision to lower bank reserve requirements and push down the market benchmark interest rate to stimulate lending activity. Sebastian Mullins from Schroders Australia examines the "missing recession" and questions whether inflation is truly behind us. Andrew Amoils from New World Wealth reviews the 2024 Centi-Millionaire Report

Tom Tugendhat's Journey: From Journalist to Conservative Leader Candidate In this episode of Jimmy's Jobs of the Future, we sit down with Tom Tugendhat, a Conservative member of parliament with a fascinating career trajectory. Starting as a journalist in Beirut, Tom transitioned to the army, serving as the chief advisor to David Richards, the Chief of the Defence Staff. Elected as an MP in 2015, Tom quickly rose to become the chairman of the Foreign Affairs Select Committee and most recently served as the security minister. Now, he's running for the leadership of the Conservative Party. This conversation delves into his insights on economics, the future job market, and the importance of lifelong learning. We also discuss his upbringing with a high court judge father, his passion for investing in startups, and the societal need for better intergenerational and geographic capital distribution. 00:00 Introduction to Tom Tugendhat's Background 00:46 Tom's Early Life and Family 03:44 Transition from Journalism to the Army 07:02 Thoughts on the Economy and Future Jobs 15:45 The Impact of Quantitative Easing and Inflation 19:44 Future of Work and Global Competition 22:02 The Evolution of Coding and AI 23:15 The Importance of Apprenticeships 24:28 Utilizing AI in Daily Tasks 26:31 Building Effective Teams in Politics 29:49 Adapting in Politics and Entrepreneurship 34:41 Ethics in Intelligence and Security 37:38 Quickfire Questions and Personal Insights ********** Follow us on socials! Instagram: instagram.com/jimmysjobs Tiktok: tiktok.com/@jimmysjobsofthefuture Twitter / X: twitter.com/JimmyM Linkedin: linkedin.com/in/jimmy-mcloughlin-obe/ Want to come on the show? hello@jobsofthefuture.co Sponsor the show or Partner with us: sunny@jobsofthefuture.co Credits: Host / Exec Producer: Jimmy McLoughlin OBE Producer: Sunny Winter And the rest of the amazing JJ Team! Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this episode, James and Felix discuss the latest Federal Reserve interest rate decision, the impact of quantitative easing & tightening, and the consequences of trillion-dollar annual deficits. We also delve into the repo market, why the Fed is disconnected from inflation, the role of hard assets like Bitcoin and gold, and much more. Enjoy! — Follow James Lavish: https://x.com/jameslavish Follow Felix: https://x.com/fejau_inc Follow On The Margin: https://twitter.com/OnTheMarginPod Follow Blockworks: https://twitter.com/Blockworks_ On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin — Polkadot is the foundation for an open and resilient web. Governed by its users, Polkadot empowers the largest DAO of 1.3M DOT holders to shape the network's future. Home to 500+ apps and chains backed by $6B in shared security, Polkadot is revolutionizing DeFi, GameFi, AI, RWAs, and more. With upgrades like Async Backing, Agile Coretime, Elastic Scaling, and JAM on the horizon, now's the time to join. Start your journey today at polkadot.com/get-started MANTRA is a purpose-built RWA Layer 1 blockchain capable of adherence and enforcement of real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability. Learn more: https://www.mantrachain.io/ — Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii — Timestamps: (00:00) Introduction (02:11) Unpacking The Fed Decision & Dual Mandate (12:53) Quantitative Easing & Tightening (18:24) 2019 Repo Spike & Dollar Shortage (24:39) Trillion-Dollar Annual Deficits (36:22) Advertisements (37:36) Why The Fed is Disconnected from Inflation (44:47) Is Bitcoin the Solution? (48:46) Gold & Bitcoin As Stores of Value (53:13) Permissionless Ad (53:54) Bitcoin Use Case For Global Sovereigns (58:58) Where to Follow James' Work — Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

My guest this week is Mark Dow. Mark started his career as an economist with the US Treasury and the IMF before he joined Wall Street. Today, he is the founder of behavourialmacro.com and runs a fund that combines his skillsets as a trader and an economist. In this discussion, we talk about why economists are usually bad investors, how Mark approaches markets, and we cover some provocative ideas - including how Quantitive Easing and Tightening have little effect and why Mark's not worried about US debt. Please enjoy this great conversation with Mark Dow For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ----- Making Markets is a property of Colossus, LLC. For more episodes of Making Markets, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @makingmkts | @ericgoldenx Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Show Notes (00:01:06) Welcome to Making Markets (00:01:53) Starting the Conversation: Economists as Investors (00:03:31) Transition from Economist to Trader: A Personal Journey (00:05:32) Understanding Market Narratives and Trading Patterns (00:08:09) The Role of the Federal Reserve in Market Narratives (00:09:26) The Impact of Monetary Policy on Market Dynamics (00:09:40) The Behavioral, Secular, and Cyclical Factors Influencing Monetary Policy (00:11:52) The Limitations of the Federal Reserve's Control Over Money Creation (00:14:40) The Behavioral Conditioning of Interest Rates (00:16:26) Understanding the Role of Banks in Money Creation (00:17:16) The Misconceptions about Monetary Policy (00:17:50) The Mechanics of Quantitative Easing (00:18:50) The Impact of Quantitative Easing on the Economy (00:19:55) The Role of Risk Appetite in Lending (00:21:25) The Effect of Economic Expectations on Yields (00:22:19) The Role of the Fed in the Financial System (00:26:53) The Impact of Competitive Pressures on Risk Taking (00:27:13) Understanding the Financial Instability Hypothesis (00:31:01) The Role of Demand in Asset Valuation (00:34:05) Understanding the Market Risk Cycle (00:34:13) The New Cycle and Its Differences (00:35:11) Economic Headwinds and Future Predictions (00:35:41) The Role of Banks and Areas of Concern (00:36:46) The Impact of Debt and the Financial System (00:37:15) The Role of Government Debt and Its Implications (00:37:36) The Stability of Treasuries and the Global Financial System (00:38:07) The Future of the Dollar and Government Debt (00:39:14) The Impact of Growth and Productivity on the Economy (00:40:03) The Risk Cycle and the Role of Institutions (00:42:06) The Impact of Fiscal Deficit and Modern Monetary Theory (00:48:55) Understanding Income Inequality and Asset Price Inflation (00:50:28) The Role of Finance and Technology in Income Inequality (00:53:34) The Future of the Housing Market Learn more about your ad choices. Visit megaphone.fm/adchoices

It's November 2010 on the Goldman Sachs trading floor in New York City. Just two years removed from the depths of the Global Financial Crisis, but you would never know it. The stock market has nearly doubled in the last 18 months, the Federal Reserve has freshly announced its second round of Quantitative Easing, and it feels like one big party on Wall Street. [from the opening paragraph of the article, Trading Derivatives and the Shame-Based Fear of Being Ordinary]. In this episode, Hari interviews Michael on the reflection Michael wrote sharing his experiences on the trading floor. They discuss the insatiable need for admiration, shame as a fuel, our loss of freedom, how to be humble, the movement toward authenticity, and how to overcome the shame-based fear of being ordinary.Links:www.upbuild.comEnneagram Workshop (October 5-6) Upbuild Coaching Training (six-month program, starts in October) Coaching Skills for Work and Life Workshop (September 25) Instagram: @upbuildnycFacebook: UpbuildLinkedIn: Upbuild

On this week's Macrodose James Meadway breaks down how the European Central Bank is helping drive a far right vote across the EU (1:57) the rising price of oranges after crop failures in Florida and Brazil (6:21) and a listener question - why are Reform UK proposing to reduce interest paid on Quantitative Easing reserves, and is that actually a pretty good idea (10:19)? A massive thank you to all of our existing Patreon subscribers, your support keeps the show running and we are very grateful. If you have the means and enjoy our work, head over to patreon.com/Macrodose and subscribe today. Find our socials, newsletter and more here:⁠⁠⁠⁠ ⁠linktr.ee/macrodosepodcast⁠⁠⁠⁠⁠ We want to hear from you! Leave a comment or get in touch at ⁠⁠⁠macrodose@planetbproductions.co.uk⁠⁠⁠ For more about the work we do at Planet B Productions, go to ⁠⁠⁠⁠planetbproductions.co.uk⁠

In this episode, Jack Hoss interviews Aaron Chapman, a top mortgage industry professional, on the current state of the mortgage and housing markets. They discuss key economic factors, the impact of quantitative easing, and strategies for real estate investors.- The Fed's actions on interest rates and inflation- Quantitative easing and its historical context- The implications of continuous refinancing for borrowers- Long-term strategies for real estate investment- Aaron's unique approach to trust formation and family investments00:00 Transitioning careers: blending in while staying connected.06:18 Navigating risks and politics: life in mining.07:53 Achieving goals through commitment and following procedures.10:25 Reputation can kill business, don't betray trust.14:14 Rejected for job, then ran out of gas.19:04 Hedge funds buying single family homes: future scarcity.20:23 Inflation continues due to excessive consumer spending.24:20 Pools of money lent out for profit.29:05 Market hit ceiling, rates won't go lower.31:48 Incorrect quote attributed to Einstein on compound interest.35:23 Paid 48 months, reduced balance, lower payment.39:59 Evaluate property based on long-term growth potential.41:24 Compound growth with 3% rent increase.43:37 Competitive edge, quick cash, strategic financing decisions.49:52 Finding bottlenecks, implementing process, and team scaling.50:35 Efficient team eliminates need for multiple departments.RealDealCRM.comRealDealCRM is your Real Estate Investing Virtual Assistant. A Real Estate Investing CRM for Real Estate Investors created by Real Estate Investors. SMS, Stealth Voicemails, Phone, Voicemail, Funnels, and AUTOMATION in a single platform! Check out more details at RealDealCRM.comLIKE • SHARE • JOIN • REVIEWWebsiteJoin the REI Mastermind Network on Locals!Apple PodcastsGoogle PodcastsYouTubeSpotifyStitcherDeezerFacebookTwitterInstagramSUPPORT THE SHOW!Self Managing Your Rental Properties? Get 6 months of RentRedi for $1! Click this link!If you are new to...

Clips of Danielle Di Martino Booth explaining that the Fed did indeed pivot. The Fed will not REfocus on employment - since it IS weakening - versus solely focusing on inflation.  Quantitative Easing is headed back into the system.  Inflationary.Additional clip of Jared Bernstein - Biden Econ Advisor - seemingly not understandind money and markets.  

In this episode, Liz Ann Sonders and Kathy Jones analyze this week's FOMC meeting and its impact on the economy and financial markets. The Fed's message was one of patience, with no change in interest rate policy. While the Fed acknowledged some caution about inflation, Fed Chair Powell said he believes that the current interest rate is high enough to bring inflation down in the long run. The Fed also announced that they will begin tapering their quantitative tightening policy. The conversation also touches on the impact of bond yields on the equity market, the recent drop in commodity prices, and the concerns about rising debt and deficits.Finally, Kathy and Liz Ann offer their outlook on next week's indicators and upcoming economic data.On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting.If you enjoy the show, please leave a rating or review on Apple Podcasts. Important DisclosuresThe information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.All corporate names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Supporting documentation for any claims or statistical information is available upon request. Investing involves risk, including loss of principal.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.The information and content provided herein is general in nature and is for informational purposes only. It is not intended, and should not be construed, as a specific recommendation, individualized tax, legal, or investment advice. Tax laws are subject to change, either prospectively or retroactively. Where specific advice is necessary or appropriate, individuals should contact their own professional tax and investment advisors or other professionals (CPA, Financial Planner, Investment Manager) to help answer questions about specific situations or needs prior to taking any action based upon this information.Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.Indexes are unmanaged, do not incur management fees, costs, and expenses, and cannot be invested in directly. For additional information, please see schwab.com/indexdefinitions.Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy.Currency trading is speculative, volatile and not suitable for all investors​Mortgage-backed securities (MBS) may be more sensitive to interest rate changes than other fixed income investments. They are subject to extension risk, where borrowers extend the duration of their mortgages as interest rates rise, and prepayment risk, where borrowers pay off their mortgages earlier as interest rates fall. These risks may reduce returns.Correlation refers to a statistical relationship between values, whether positive (one number goes up and another also goes up) or negative (one number goes up and another goes down). Observed correlations can be strong or weak. Correlation is useful because it can often indicate a predictive relationship. (0524-0LMG)

#LondonCalling: Quantitative Easing remains an unfinished experiment. @JosephSternberg @WSJOpinion https://www.wsj.com/articles/another-cost-of-cheap-money-comes-into-view...   1901 London

As investors look for clues on market durability, our Chief U.S. Equity Strategist highlights which sectors could show more widely distributed gains in the near term.----- Transcript -----Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley's CIO and Chief US Equity Strategist. Along with my colleagues bringing you a variety of perspectives, today I'll be talking about an opportunity for energy stocks to keep working in the near term.It's Tuesday, March 26th at 9:30 am in New York. So let's get after it.Over the past five months, global stocks are up about 25 percent while many other asset prices were up double digits or more. What's driving this appreciation? Many factors are at work. But for stock indices, it's been mostly about easier financial conditions and higher valuations rather than improving fundamentals. Granted, higher asset prices often beget even higher prices – as investors feel compelled to participate. From our perspective, it's hard to justify the higher index level valuations based on fundamentals alone, given that 2024 and 2025 earnings forecasts have barely budged over this time period. We rolled out our “Boom-Bust” thesis in 2020 based on the shift to fiscally dominant policy in response to the pandemic. At that point, our positive view on stocks was based on the boom in earnings that we expected over the 2020-2021 period as the economy roared back from pandemic lows. Our outlook anticipated both accelerating top line growth and massive operating leverage as companies could reduce headcount and other costs while people were locked down at home. The result was the fastest earnings growth in 30 years and record high margins and profitability. In other words, the boom in stocks was justified by the earnings boom that followed. Stock valuations were also supported by arguably the most generous monetary policy in history. The Fed continued Quantitative Easing throughout 2021, a year when S&P earnings grew 48 percent to an all-time high.Today, stock valuations have reached similarly high levels achieved back in 2020 and [20]21 – in anticipation of improving growth after the earnings deterioration most companies saw last year. While the recent easing of financial conditions may foreshadow such an acceleration in earnings, bottom-up expectations for 2024 and [20]25 S&P 500 earnings remain flat post the Fed's fourth quarter dovish shift. Meanwhile, small cap earnings estimates are down 10 percent and 7 percent for 2024 and [20]25, respectively since October. We think one reason for the muted earnings revisions since last fall, particularly in small caps, is the continued policy mix of heavy fiscal stimulus and tight front-end interest rates. We see this crowding out many companies and consumers. The question for investors at this stage is whether the market can finally broaden out in a more sustainable fashion. As we noted last week, we are starting to see breadth improve for several sectors. Looking forward, we believe a durable broadening comes down to whether other stocks and sectors can deliver on earnings growth. One sector showing strong breadth is Industrials, a classic late-cycle winner and a beneficiary of the major fiscal outlays for things like the Inflation Reduction and CHIPS Act, as well as the AI-driven data center buildout. A new sector displaying strong breadth is Energy, the best performer month-to-date but still lagging considerably since the October rally began. Taking the Fed's recent messaging that they are less concerned about inflation or loosening financial conditions, commodity-oriented cyclicals and Energy in particular could be due for a catch-up. The sector's relative performance versus the S&P 500 has lagged crude oil prices, and valuation still looks compelling. Relative earnings revisions appear to be inflecting as well. Some listeners may be surprised that Energy has contributed more to the change in S&P 500 earnings since the pandemic than any other sector. Yet it remains one of the cheapest and most under-owned areas of the market. Thanks for listening. Subscribe to Thoughts on the Market on Apple Podcasts or wherever you listen and leave us a review. We'd love to hear from you.

MIP #421 Blame It On The Funds With Rich PossonMoving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.comMove More Iron with Fusable! Get your Free Demo atinfo.randallreilly.com/moving-iron-podcast.SummaryRichard Posson discusses his podcast and topics, including grains, crude oil, gold, the economy, and the stock market. He explains his analysis based on business cycle patterns and his belief that the stock market and the economy grow for about seven to 12 years before a recession occurs. Richard also discusses the relationship between grains and the stock market and the impact of job market data on the current economy. He analyzes inflation and interest rates and the Federal Reserve's approach to managing them. Finally, he explains the role of interest rates in a recession and the importance of the Federal Reserve in stabilizing the economy. In this conversation, Richard Posson discusses various economic topics, including predicting the economy and the impact of debt. He also talks about the influence of the dollar on exports and the factors driving grain prices. Additionally, he shares his insights on the stagnant oil market and its future prospects.TakeawaysRichard Posson's podcast covers various topics, including grains, crude oil, gold, the economy, and the stock market.Richard's analysis is based on business cycle patterns, and he believes that the stock market and the economy grow for about seven to 12 years before a recession occurs.There is a relationship between grains and the stock market, with specific patterns and factors influencing their performance.Job market data, such as the number of non-farm jobs added, provides insights into the current state of the economy. Predicting the economy and the impact of debt is challenging, and many predictions have been proven wrong over the years.The dollar's value plays a significant role in exports and can affect the stock market.Various factors influence grain prices, including funds' behavior and commercial traders.The oil market is stagnant, with production levels and economic factors contributing to its lack of movement.Chapters00:00 Introduction to Richard Posson's Podcast01:17 Richard's Analysis and Business Cycle Patterns04:16 Job Market and the Current Economy08:28 Inflation and Interest Rates14:10 The Fed's Approach to Interest Rates20:57 Quantitative Easing and the Banking System21:28 The Importance of the Federal Reserve22:25 Predicting the Economy and Debt25:16 The Impact of the Dollar on Exports29:00 Factors Influencing Grain Prices37:18 The Stagnant Oil MarketClick To Watch:https://youtu.be/V3_Wl5wuJUcPresented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @ValleytransincMusic By: @TalbottBrothersHost: Casey Seymour @casey9673#agequipmentbusinesstal #letsgomovesomeironContact Me at:MovingIronLLC.commovingironpodcast@movingironpodcast.com

This week on The Nick Halaris Show we are featuring Wolf Richter, the publisher of the Wolf Street Website.  Wolf is an incredible financial mind and his site has become one of the go-to sources for those on global Wall Street seeking sophisticated, in-depth, and independent analysis of economic trends and market dynamics.  I stumbled across Wolf Street several years ago and was blown away both by the quality of Wolf's content and the sheer volume.  Every single day, Wolf releases several articles with detailed analysis, helpful charts and table, and useful insights.  For those interested in trying to understand what's really going on in the global economy and markets, regular time on Wolf Street is a must.I wanted to have Wolf on the show to unpack his latest thinking on the state of the economy, see what he thinks of the investment landscape today, and learn more about what motivates him to do this important work.  As you'll see in the episode, Wolf is a very humble and thoughtful individual and someone who is inspired by a unique mission-driven message.  Tune in to this fascinating episode to learn:Why the government's response to the Great Financial Crisis made Wolf feel compelled to start speaking out and still motivates him todayHow the banking bailouts during the GFC created an alarming lack of accountability across corporate America and laid the seeds for the growing wealth inequality we are seeing todayHow government intervention in the economy through Quantitative Easing and interest rate repression has not only distorted the economy but also has been the major cause in rising wealth inequality and increasing political polarization Why there is a pressing need for greater transparency, accountability, and competition across our economy& Much, much more We also discuss interesting things like why it's so frustrating and annoying to buy a car in America and why Silicon Valley has become a hub for monopolistic practices, and to get into the details of how wealth affects policies like QE actually work in practice.  Stay tuned to the end to hear how Wolf's incredible 3-year journey to over 100 countries and every continent on Earth changed his life and still motivates his work today.As always, I hope you all enjoy this episode.  Thanks for tuning in!      Love this episode? Please rate, subscribe, and review on your favorite podcast platform to help more users find our show.

Welcome to episode 568 of the Trading Justice podcast where the Justice brothers discuss quantitative easing otherwise known as QE. Surprised we are talking QE? So are the Justice boys but after Fed member Christopher Waller dropped hints of the Fed buying short-term treasuries on Friday then it was appropriate. Matt walks us through a history of monetary policy, a discussion of what QE is, and its impacts on risk assets in the feature presentation. Before that in the Market Skyline the brothers breakdown the move in semiconductors, the setup in oil, and gold and Bitcoins backdrop. It is a great podcast and a discussion on QE that you will want to be informed of for the coming years. So sit back and get ready to enjoy another fantastic Trading Justice podcast!

You might have seen in the news a couple of days back that, to make Britain's unaffordable housing affordable, Chancellor Jeremy Hunt and the Treasury are considering a scheme whereby people can buy homes with a deposit of just 1% and get a 99% mortgage.Thus, in theory, you could buy a one million pound home with just a ten-grand deposit.(I expect they will cap it below that level, but you get the point).It has become a cliché of the internet, but we say it anyway: “what could possibly go wrong?” It's good to see the lessons from 2008 have been learned.Who would guarantee these loans should the buyer default? You would. You probably didn't know this, but you're already guaranteeing £4 billion under the existing mortgage guarantee scheme. You could soon be guaranteeing a whole lot more.Remember how they used taxpayer money to bail out the banks in 2008 and it was called “socialism for the rich”? This is the same thing, except this time they are bailing out the housing market. The Tories have this annoying (and mendacious) habit of leaking a policy to the press before it is actually policy to see how it goes down. I say mendacious because it is misleading. If they had any actual first principles by which they operated, then they would not do this. Instead, what sets policy is what Tories think might make them popular.In any case, I would hope this is another one of those test-the-water leaks, rather than something we will see come the next Budget in March, because it will send prices higher, just like its predecessor Help To Buy did, and that is the last thing we want. The solution to unaffordable housing is lower prices, not more debt.But regardless of whether the scheme gets the go-ahead or not, it still tells us all we need to know about how the Blob is going to fix Britain's housing crisis: it isn't. Instead, it's going to come up with increasingly innovative ways to bring more debt into the market and thereby send prices even higher.It was the same after the Global Financial Crisis in 2008. There was a chance to let the whole thing reset. Instead, we got suppressed interest rates, Quantitative Easing and then Help To Buy, all of which protected the already-haves at the expense of the have-nots. Labour won't make a jot of difference, by the way. It is just as bereft of first principles. That is how Keir Starmer is going to win the next General Election: by not standing for anything. Not that it matters who wins. The Blob still runs the place.The destructive effects of high house pricesIt makes me weep what high house prices have done to this country. I see an entire generation, if not two, psychologically damaged, almost beyond repair, because they cannot afford somewhere decent to live.They feel inadequate. They delay starting families, or have smaller families, or have no children at all because they cannot afford anywhere to house them. They then hate themselves because they have no children.The result of smaller families later in life is population decline. The Blob then says there aren't enough young people and opens the doors to mass immigration. Guess what happens then? Cheap imported labour pushes wages down, but increases demand for housing and essential services. State systems are too slow to adapt. Housing gets even more unaffordable. It is the most vicious of vicious circles.Locals are then told that priority in the workplace must be given to the newcomer because diversity. Complain and you are racist. Your history is bad, by the way. And you wonder why everything is such a clusterfook.Why do you think so many young people are so nihilistic? Because deep down they know they are never going to be able to afford anywhere decent to live, never mind pay off their student loans or have a family. They are, effectively, excluded from society. But stop drinking lattes and work harder.Who do you know who can afford to buy somewhere where they grew up? I know I can't, and I'm part of the One Percent. It's the opposite of progress. When people can't afford to live where they gre w up, they lose touch with their roots, their traditions, their culture, the very land. And you wonder why we have lost touch with who we are.All because of stupid house prices.Houses are not expensive to build. Look here's a 1,400 sq ft, 4-bed house with a 145 sq ft porch for £45,000. Delivery in six weeks.Looks nice, no?The issue is land, and it's a needless issue that goes all the way back to one of the most insidious and stupid bits of legislation ever enacted, The Town and Country Planning Act of 1947. When you create debt, you create money. The more money you bring into a market, the higher prices go. See student loans for more details. When that market is limited in how much it can expand, which is the case with UK housing because of restrictive planning laws, you get our situation where houses have gone up by three and half times more than wages.All the Treasury is doing with this policy is finding new ways to get more money into this market. There is only one way that will send house prices. It will only make things worse.The solution to unaffordable housing is lower prices. The Blob will not let that happen.By all means prop up the housing market. The cost will be your country.Further reading on the housing market:* Why Houses Cost So Much* What Really Causes Inflation* A Solution This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

Show host Gene Tunny interviews UMass Amherst Professor Gerald Epstein about his new book "Busting the Bankers' Club", which is about the powerful influence of banks in politics and regulation. Epstein argues the bankers' club maintains control through political allies and regulators. The conversation also covers financial deregulation, insufficient Dodd-Frank reforms, Quantitative Easing impacts, and alternatives like public banking and non-profit financial institutions.Please contact us with any questions, comments and suggestions by emailing us at contact@economicsexplored.com or sending a voice message via https://www.speakpipe.com/economicsexplored. About this episode's guest Prof. Gerald EpsteinGerald Epstein received his Ph.D. in economics from Princeton University, is a professor of economics, and is a founding co-director of the Political Economy Research Institute (PERI) at the University of Massachusetts Amherst. He has published widely on various economic policy issues, especially in central banking and international finance. His most recent book, Busting the Bankers' Club: Finance for the Rest of Us, was forthcoming in January 2024 from the University of California Press. What's covered in EP226Banking industry's influence in politics and regulation. (0:04)Financial deregulation and its impact on the economy. (8:58)Financial system's impact on democracy and fairness. (13:24)Financial system issues and regulation. (16:24)Economic policy after the financial crisis, including impacts of Quantitative Easing. (22:50)Financial regulation and publicly owned institutions. (28:08)Public banking, crypto, and risk-taking in finance. (33:30)TakeawaysProfessor Epstein argues in this episode:The "bankers' club" of allies including politicians, central banks, and economists helps sustain the power and influence of large banks.Financial deregulation in the US and weak Dodd Frank reforms failed to address issues like too-big-to-fail banks and accountability.Quantitative easing policies after the financial crisis disproportionately benefited wealthy asset holders over others.  There is a need for more diverse public and non-profit financial institutions focused on social missions over profits.Crypto poses risks if it infects the core banking system or continues high-carbon polluting practices.Links relevant to the conversationGerald Epstein's book Busting the Bankers' Club: Finance for the Rest of Ushttps://www.amazon.com/Busting-Bankers-Club-Finance-Rest/dp/0520385640Working paper co-authored by Prof. Epstein “Did Quantitative Easing Increase Income Inequality?”https://www.ineteconomics.org/research/research-papers/did-quantitative-easing-increase-income-inequalityThanks to Obsidian Productions for mixing the episode and to the show's sponsor, Gene's consultancy business www.adepteconomics.com.au. Full transcripts are available a few days after the episode is first published at www.economicsexplored.com.

(1/18/24) Texas Weather's extreme mood-swings are on display; markets are in bore-mode until the stock buy back window opens again in two weeks; a look at Bitcoin, Gold, & Bonds; Is the Fed about to close down its quantitative easing play? The Yield Curve has invert, but is it about to un-invert? The Fed has a liquidity problem that is rising to the top: There's not enough collateral in the market, and the Fed's is about to take away liquidity: What do they see that we do not? How much leverage is still in the system? Michael's FNMA story; Banks are leveraged 10:1 today, underscoring the importance of overnight markets for survival. The potential of stopping QT to provide needed liquidity. Why interest rates cannot go higher: Too much leverage all the way around. Will the Magnificent-7 ride again? Markets have added 4% in valuations since 2008, but is that sustainable? No one is really willing to pop the leverage bubble. What is going to blow up next? SEG-1: Texas Weather & Boring Markets SEG-2: Is the End of QT Near? SEG-3: Are There Cracks in the FInancial System We Cannot See? SEG-4: Will the Magnificent-7 Ride Again? Hosted by RIA Advisors' Chief Investment Strategist Lance Roberts, CIO, w Portfolio Manager Michael Lebowitz, CFA Produced by Brent Clanton, Executive Producer -------- Watch today's show video here: https://www.youtube.com/watch?v=58Ffry66aR8&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=1s -------- Register for our 2024 Economic Summit: Navigating Markets in a Presidential Cycle:  https://www.eventbrite.com/e/ria-advisors-economic-summit-tickets-703288784687?aff=oddtdtcreator -------- The latest installment of our new feature, Before the Bell, "Near-term Downside Risk to Gold Prices Surfaces," is here:  https://www.youtube.com/watch?v=nTMOz5XHM10&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Will Chilly Weather Heat Up Economic Data?" https://www.youtube.com/watch?v=BV1bMWuuaxU&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=12s -------- Articles Mentioned in this Show: "Q4 Earnings Season Gets Underway With Low Expectations" https://realinvestmentadvice.com/q4-earnings-season-gets-underway-with-low-expectations/ ------- Get more info & commentary:  https://realinvestmentadvice.com/newsletter/ -------- Register for our next Candid Coffee: https://us06web.zoom.us/webinar/register/6316958366519/WN_jCrzdX9uSJSrg5MBN5Oy8g ------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #Bitcoin #Gold #Bonds #FederalReserve #QuantitativeEasing #InterestRates #Liquidity #Magnificent7 #Markets #Money #Investing

(1/18/24) Texas Weather's extreme mood-swings are on display; markets are in bore-mode until the stock buy back window opens again in two weeks; a look at Bitcoin, Gold, & Bonds; Is the Fed about to close down its quantitative easing play? The Yield Curve has invert, but is it about to un-invert? The Fed has a liquidity problem that is rising to the top: There's not enough collateral in the market, and the Fed's is about to take away liquidity: What do they see that we do not? How much leverage is still in the system? Michael's FNMA story; Banks are leveraged 10:1 today, underscoring the importance of overnight markets for survival. The potential of stopping QT to provide needed liquidity. Why interest rates cannot go higher: Too much leverage all the way around. Will the Magnificent-7 ride again? Markets have added 4% in valuations since 2008, but is that sustainable? No one is really willing to pop the leverage bubble. What is going to blow up next? SEG-1: Texas Weather & Boring Markets SEG-2: Is the End of QT Near? SEG-3: Are There Cracks in the FInancial System We Cannot See? SEG-4: Will the Magnificent-7 Ride Again? Hosted by RIA Advisors' Chief Investment Strategist Lance Roberts, CIO, w Portfolio Manager Michael Lebowitz, CFA Produced by Brent Clanton, Executive Producer -------- Watch today's show video here: https://www.youtube.com/watch?v=58Ffry66aR8&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=1s -------- Register for our 2024 Economic Summit: Navigating Markets in a Presidential Cycle: https://www.eventbrite.com/e/ria-advisors-economic-summit-tickets-703288784687?aff=oddtdtcreator -------- The latest installment of our new feature, Before the Bell, "Near-term Downside Risk to Gold Prices Surfaces," is here: https://www.youtube.com/watch?v=nTMOz5XHM10&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Will Chilly Weather Heat Up Economic Data?" https://www.youtube.com/watch?v=BV1bMWuuaxU&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=12s -------- Articles Mentioned in this Show: "Q4 Earnings Season Gets Underway With Low Expectations" https://realinvestmentadvice.com/q4-earnings-season-gets-underway-with-low-expectations/ ------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- Register for our next Candid Coffee: https://us06web.zoom.us/webinar/register/6316958366519/WN_jCrzdX9uSJSrg5MBN5Oy8g ------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #Bitcoin #Gold #Bonds #FederalReserve #QuantitativeEasing #InterestRates #Liquidity #Magnificent7 #Markets #Money #Investing

Dan Nathan, Danny Moses and Guy Adami discuss market sell-offs, 0DTE options and the state of the consumer through the lens of 'Buy Now, Pay Later" Key Insights from the Pod: The brief market sell-off (2:00) Zero Days to Expiration (0DTE) Options (7:15) Overbought conditions (10:00) Interest rates/yield curve/Fed (read: Wall Street's Economic Doomsayers See US Recession Around Corner) (13:15) Danny rants on Quantitative Tightening & Quantitative Easing (21:00) Americans May Be Taking On Too Much Pay-Later ‘Phantom Debt' (Affirm, CarMax, WalMart) (25:20) What comes next for the market (30:30) Danny's NFL picks (33:20) — About the Show: On The Tape is a weekly podcast with CNBC Fast Money's Guy Adami, Dan Nathan and Danny Moses. They're offering takes on the biggest market-moving headlines of the week, trade ideas, in-depth analysis, tips and advice. Each episode, they are joined by prominent Wall Street participants to help viewers make smarter investment decisions. Bear market, bull market, recession, inflation or deflation… we're here to help guide your portfolio into the green. Risk Reversal brings you years of experience from former Wall Street insiders trading stocks to experts in the commodity market. — Check out our show notes here Learn more about Ro body: ro.co/tape See what adding futures can do for you at cmegroup.com/onthetape. — Shoot us an email at OnTheTape@riskreversal.com with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod on Twitter or @riskreversalmedia on Threads — We're on social: Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter Follow Liz Young @LizYoungStrat on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page The financial opinions expressed in Risk Reversal content are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on Risk Reversal. Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in Risk Reversal carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money that you can afford to lose. Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell or retain any specific investment or service.

Are you ready to crack the code of the financial world? Step into our exclusive conversation with Gary Brode of Deep Knowledge Investing, as we navigate through the labyrinth of government spending, its inflationary impact, and more. We challenge conventional wisdom as we closely scrutinize the repercussions of a decade-long policy of near-zero rates by the Fed, compounded by trillions spent on quantitative easing.As we explore the intriguing world of finance, we cast an analytical eye over the rising US interest expense, the underlying effects of congressional overspending, and the potential consequences of higher rates on the government balance sheet. Our mission to unravel the complexities doesn't stop there. We consider the possible return of negative real rates, delve into scenarios of a stealth default, and even ponder a similar predicament for the US as that of Japan's high debt-to-GDP situation.Our episode culminates in a compelling discussion on the rising debt, the discipline demanded by bond vigilantes, and the economic consequences of hypothetical reductions in the FED's fund rate. We compare the fiscal landscapes of the US and Europe and suggest potential investment opportunities to navigate this era of consumer spending and low unemployment. Finally, don't miss our conversation on effective communication and strategy in investing, filled with invaluable insights from our guest expert, Gary Brode.ANTICIPATE STOCK MARKET CRASHES, CORRECTIONS, AND BEAR MARKETS WITH AWARD WINNING RESEARCH. Sign up for The Lead-Lag Report at https://theleadlag.report/leadlaglive and get 30% off as a podcast listener.Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions. Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Foodies unite…with HowUdish!It's social media with a secret sauce: FOOD! The world's first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today:

Will Bateman is an associate professor and associate dean of research at the Australian National University College of Law. Will has recently authored a paper titled, *The Fiscal Fed,* which takes a close look at the Fed's fiscal functions during the two World Wars, the Great Depression, the Cold War, the global financial crisis, and the COVID-19 pandemic. Will joins Macro Musings to talk about this paper, the origins and evolution of the Fed, the implications for policymakers, and a lot more.   Transcript for this week's episode.   Will's ANU profile   David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Join the Macro Musings mailing list! Check out our new Macro Musings merch!   Related Links:   *The Fiscal Fed* by Will Bateman   *The Law of Monetary Finance Under Conventional Monetary Policy* by Will Bateman

Jonathan Newman rejoins Bob to explore more of the mechanics and political implications of the Fed's current state of insolvency. The Mercatus Article on Quantitative Easing: https://Mises.org/HAP417a Furman's Op-Ed in the WSJ: https://Mises.org/HAP417b Join us in Fort Myers on November 4 to cut through the campaign talking points and offer an uncompromising look at what is coming next. Use Code "FL2023" for $10 off admission: https://Mises.org/FL23 Human Action Podcast listeners can get a free copy of Per Bylund's How to Think About the Economy: https://Mises.org/HAPodFree

Think you know the ripple effects of Japan's Quantitative Easing experiment on global markets? Test your knowledge as we engage in an in-depth conversation with the renowned financial expert, Danny Moses. Our discussion not only shines a light on his illustrious career journey but also dissects the effects of Japan's QE measures on the global arena, particularly focusing on U.S. Treasuries and the U.S. government.Feel the pulse of the market as we navigate through the widening credit spreads, revealing the stark divide between the haves and have-nots in the corporate credit market. This episode navigates the often-underestimated role of leverage and its potential risks in a landscape of rising interest rates. We also dissect the impact of high levels of floating rate debt, the financialization of the economy, and the withdrawal of bank lending, all of which are key aspects shaping the U.S. consumer's financial scenario.Last but not least, join us as we explore the possibilities and conjecture surrounding the classification of cannabis as a Schedule 1 drug. We take you through the potential catalysts that could bring about this change. Listen in for Danny's unique insights on portfolio allocation and market trends, as we deep-dive into his strategic positioning for various scenarios. This episode promises to be an enlightening journey for anyone interested in the global market dynamics, offering expert insights from the one and only, Danny Moses. Don't miss out!ANTICIPATE STOCK MARKET CRASHES, CORRECTIONS, AND BEAR MARKETS WITH AWARD WINNING RESEARCH. Sign up for The Lead-Lag Report at https://theleadlag.report/leadlaglive and get 30% off as a podcast listener.Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.Support the show

In addition to lowering its policy rate at the beginning of the pandemic, the Federal Reserve engaged in Quantitative Easing, meant to lower longer-term interest rates and stabilize the mortgage market. Now that the Fed is aiming to remove accommodation from the economy, it is quietly shrinking the amount of Treasury securities and MBS on its balance sheet while markets focus on the path of the fed funds rate. In this episode, FHN Financial's Walt Schmidt talks about how to understand MBS as the Fed continues its Quantitative Tightening and nears the end of its tightening cycle.

Quantitative tightening (QT), the unwinding of the large scale of purchases of a broad range of financial assets by central banks, has become a feature of monetary policy since the great financial crisis. Though central banks around the world have already started this process, given the many distractors in the market, such as the global banking crisis and the U.S. debt ceiling brinkmanship, QT has gone on somewhat unnoticed. That said, as we near the end of hiking cycles and the paths of short-term interest rates become clearer, we expect markets to shift their focus to QT. Exactly how do central banks intend to unwind their bloated balance sheets? PGIM Fixed Income's Katharine Neiss, PhD, Deputy Head of Global Economics and Chief European Economist, and Bethany Payne, CFA, Developed Market Rates Portfolio Manager, join this episode of All the Credit® to help us better understand QT and explore its potential market and economic impacts. First, we'll take a look at quantitative easing (QE), the process by which central banks expand their balance sheets by buying up financial assets on a massive scale, why they do this, and how this tool fits into their policy options to help achieve their price stability mandates. Then we'll look at the reasons why central banks are so motivated to unwind their balance sheets and reverse QE, the constraints they face, and the potential risks to financial markets. We'll wrap up with some thoughts on how successful we think QE and QT have been thus far and if central banks will be able to turn to these tools as readily in the future. Michael Roper, CFA, European Investment Grade Corporate Bond Portfolio Manager, returns to All the Credit® as host, alongside Mike Collins, CFA, Senior Portfolio Manager for Multi-Sector Strategies. Recorded on June 9, 2023.

Did you know that when you deposit money at a bank, it TECHNICALLY isn't yours anymore?Did you know that the US dollar has lost 63% of it's value JUST since 1983 when I was born???These are just some of the many topics my guest and I cover.  Jason Cozens, the founder and CEO of Glint joins us to how we can take back control of our purchasing power.RESOURCES MENTIONED:Episodes 5 and 53 with Dana of Amergold2008 Financial CrisesThe New Case For Gold1971 Nixon ShockThe Big ShortShadow StatsWhat is Quantitative Easing?Almost a FIFTH of all US dollars were created in 2020TDS Vault – which I use!BRICS trading outside the US dollarWhat is SWIFT?Saudi Arabia Open to selling oil in OTHER currencies.World Reserve Currencies over the years3 Americans own more wealth than the bottom 50%CONNECT WITH JASON:Glintpay.comSHOW SPONSORSTimothy Hero – Hero Lending#Screw The W2 YouTube ShowJeremy Olivier Voice Over – CONNECT HERE!STAY CONNECTED!InstagramTwitterYouTubeWebsiteAs always, be sure to follow, subscribe, rate and share this podcast with other like-minded individuals in pursuit of WEALTH and FREEDOM!Support the show

Brian Sack was recently the Director of Global Economics at the D.E. Shaw Group, and prior to that, he was the manager of the System Open Market Account or SOMA and the head of the Markets Group at the New York Federal Reserve bank, where he managed the Fed's balance sheet. Brian joins Macro Musings to talk about the central bank's balance sheet, its operating system, and his work at the Treasury Borrowing Advisory Committee. Specifically, David and Brian discuss the current state of the Fed's balance sheet, Brian's theory of QE, how to improve the effectiveness of the floor system, and a lot more.   Transcript for the episode can be found here.   Brian's LinkedIn profile Brian's Google Scholar archive   David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Click here for the latest Macro Musings episodes sent straight to your inbox! Check out our new Macro Musings merch here!   Related Links:   *Monetary Policy with Abundant Liquidity: A New Operating Framework for the Federal Reserve* by Joseph Gagnon and Brian Sack   *Monetary Policy Alternatives at the Zero Lower Bound: An Empirical Assessment* by Ben Bernanke, Vincent Reinhart, and Brian Sack

In this compelling episode of 'The Vivek Show,' host Vivek Ramaswamy is joined by Danielle DiMartino Booth, founder of Money Strong, LLC, and a former adviser at the Federal Reserve Bank of Dallas. They dive deep into the inner workings of the Federal Reserve, discussing its policies and their consequences on the global economy. Danielle sheds light on the questionable alliance between Wall Street and modern monetary theory, as well as the Fed's role in the 2008 financial crisis. She also shares her insights on the COVID-19 pandemic, the broken notion of trickle-down economics, and the rise of "unicorn" companies. Finally, they discuss the potential for the next US president to reform the Fed and the importance of strong leadership.--Donate here: https://t.co/PE1rfuVBmbFor more content follow me here:Twitter - @VivekGRamaswamyInstagram - @vivekgramaswamyFacebook - http://facebook.com/VivekGRamaswamyTruth Social - @VivekRamaswamyRumble - @VivekRamaswamy--Time-codes:00:00:13 - Vivek's focus on reforming the Federal Reserve00:02:07 - Danielle calls COVID-19 an "act of war" by China00:05:31 - Danielle's book "Fed Up"00:07:33 - The broken notion of trickle-down economics00:08:12 - How Greenspan and Bernanke distorted price signals00:11:26 - The Dodd-Frank Reform Act and its impact on small banks00:13:01 - The 2007 Jackson Hole Symposium00:15:05 - Negative effects of zero interest rates00:15:48 - Federal Reserve's role in the 2008 financial crisis00:17:27 - The boom of venture capital funding and "unicorn" companies00:19:06 - Raising the capital requirements ceiling to $250 billion for banks00:20:42 - BlackRock's involvement with the Fed00:21:29 - Interest rates shouldn't have been reduced to zero after the 2008 crisis00:22:34 - The shadow banking system00:23:21 - Only one round of quantitative easing needed after Lehman00:25:00 - Unequal benefits of low interest rates and asset inflation00:27:04 - Modern monetary theory and its alliance with Wall Street00:28:35 - Erosion of checks and balances in government00:29:19 - Federal Reserve should safeguard the value of the US dollar00:30:21 - Unfilled job openings due to people being paid not to work00:31:27 - Opportunity for the next president to reform the Fed00:32:05 - Importance of a market disciplining event00:32:26 - A single large regulator for the financial system00:33:22 - Allowing banks to fail without causing widespread

Today Jason talks about the zeitgeist of our time and living in a BAILOUT culture in our society, with all the quantitative easing during the COVID era and the current banking collapse debacle. He talks about how the elites, governments and central banks are vividly demonstrating the 'Cantillion Effect' right before our eyes and the implications it has in today's massive housing shortage! He then welcomes Oren Klaff. Oren is one of the world's leading experts on sales, raising capital and negotiation. When it comes to delivering a pitch, Oren Klaff has unparalleled credentials. Over the past 15 years, he has used his one of a kind method to raise more than $1 billion. As an investor, his portfolio of highly-valued and rapidly scaling companies are evidence that Oren's methods can be implemented in any business where dealmaking is important to growth. Pitch Anything An Innovative Method for Presenting, Persuading, and Winning the Deal Whether you're selling ideas to investors, pitching a client for new business, or even negotiating for a higher salary, Pitch Anything will transform the way you position your ideas. Creating and presenting a great pitch isn't an art—it's a simple science. Applying the latest findings in the field of neuroeconomics, while sharing eye-opening stories of his method in action, learn how the brain makes decisions and responds to pitches. With this information, you'll remain in complete control of every stage of the pitch process. Flip the Script Getting People to Think Your Idea is Their Idea If there's one lesson Oren Klaff has learned over decades of pitching, presenting, and closing long-shot, high-stakes deals, it's that people are sick of being marketed and sold to. Most of all, they hate being told what to think. The more you push them, the more they resist. What people love, however, is coming up with a great idea on their own, even if it's the idea you were guiding them to have all along. Often, the only way to get someone to sign is to make them feel like they're smarter than you.   Takeaways: Jason's editorial 2:11 The zeitgeist of our time, click bait and predicting the future 4:24 Persistence through one of Jason's businesses 5:55 Keep your eye on the ball; responding in times of crises 7:24 The end of the world and living in a 'bailout' culture 9:23 Flooding the market with money; voting for more inflation Oren Klaff interview 21:43 Welcome Oren Klaff 22:57 "Frame Control" and stories of success 27:22 The overriding philosophy and a conversation with a cognitive psychologist 34:42 Increasing your status 39:06 "I won't do this for you; I will do it with you" 40:51 Setting the frame: Get your calendars synced up 42:33 "We're very busy, choosy, need to be efficient with our time" 43:24 The Price- it's more than the investor wants to pay and less than what I want to charge 44:54 Flip the script   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com