Podcasts about roubini global economics

If you have questions about inflation, interest rates, bond yields, Tech stocks, AI, recession risk and jobs, then this video is a must-watch. Today's guest earned well-deserved fame by successfully predicting the 2008 financial crisis.I'm very pleased and honored to welcome to the program economist and educator Dr Nouriel Roubini, the co-founder and chairman of Roubini Global Economics.As he makes his first-ever appearance on this channel -- hopefully the first of many -- let's ask him his macro outlook for 2025.BUY YOUR TICKET AT THE EARLY BIRD PRICE FOR OUR MARCH 15 CONFERENCE at https://thoughtfulmoney.com/conference

Devin: What do you see as your superpower?Peter: It's grit—grit and values. Grit comes from values. Grit comes from having an aim, a mission.Peter Rostovsky's fintech startup, Raiseway, grew out of his personal experience helping a friend raise money for his startup. Exploring the possibility of investment crowdfunding, he was flummoxed by the sheer number of portals to choose from. At the time, there were over 40, a count that has now topped 70.“That kind of started this very long exploration into the execution problem with investment crowdfunding for founders of startups and small businesses,” he says, having learned that crowdfunding can be difficult.Last year, Peter asked me to serve as an advisor to Raiseway, and I was honored to accept. He is an advisor to The Super Crowd, Inc., a public benefit corporation.Raiseway is potentially game-changing because the vast majority of businesses in the country that can benefit from crowdfunding are small and can't afford expensive consultants but can afford to use an app that will guide them through and, using AI, help them execute their crowdfunding campaigns.Peter has two critical tips for folks looking to crowdfund:* Assess your community. Before you launch, assess your community to determine how large, accessible and warm it is. * Don't bet on “if you build it, they will come.” To get people to invest, you need to drive people to the investment opportunity thoughtfully and strategically. They won't find it on their own.In building Raiseway, Peter leverages his superpower: grit.AI Podcast Summary* Devin Thorpe interviews Peter Rostovsky, the founder and CEO of Raiseway, a crowdfunding app for entrepreneurs.* Raiseway is designed to streamline the crowdfunding process and help entrepreneurs accelerate their fundraising journey.* The alpha version of Raiseway is currently available for free use.* Peter's work with Raiseway could completely alter the investment crowdfunding landscape.* Raiseway aims to make crowdfunding more accessible and affordable for small businesses and startups.* Peter's key tip for entrepreneurs considering crowdfunding is to thoroughly prepare and evaluate their community and connections before starting.* Peter's superpower is his grit and determination, which he developed through his experiences as an immigrant and in running his own business.* Peter believes that being okay with failure and having a few wins under your belt can help develop grit.* Raiseway can be accessed through the app; contact Peter directly.How to Develop Grit As a SuperpowerPeter developed grit as he grew up. Born in St. Peterburg, his family moved first to Moscow and later to Bryansk, a city he describes as a “hellhole.” Later, still a teenager, he immigrated to the United States, facing a fresh set of cultural challenges.The difficulties adapting to new situations, cultures and individuals helped him develop the grit he deploys to build his business.Peter faced a challenge recently. After publicly announcing the launch of the alpha version of the software would happen on April 15, the startup missed the deadline. He admits feeling ashamed due to missing the self-imposed but now public due date.After worrying that he couldn't possibly recover, he took responsibility for getting the process back on track and, within weeks, got the product launched. It is now available as a free download for a limited time for those interested in help with their crowdfunding campaigns, willing to provide feedback.Peter offers some advice for developing grit. “I am a former F-student through and through,” he says. He acknowledges that the learned helplessness phenomenon applied to him. The key to overcoming it is to “get a couple wins under your belt.” “You can point to them in your life and say, ‘Well, no, I'm not a failure. I did this, this and that.' It's not only professional, it's personal as well,” he says.By following Peter's example and advice, you can make grit a superpower that enables you to do more good in the world.Guest-Provided ProfilePeter Rostovsky (he/him):Founder & CEO, RaisewayAbout Raiseway: Raising money with crowdfunding is prohibitively hard for businesses that need it the most - small businesses and startups. Raiseway is a software service to make investment crowdfunding easy and affordable to execute. From the moment of learning about crowdfunding through campaign preparation, execution, and reporting to investors, Raiseway provides businesses with digital tools to increase their chances of successfully raising capital with crowdfunding for a monthly subscription fee. Website: raiseway.appBiographical Information: Born and raised in St. Petersburg and Moscow, I moved to New York in 2011 to finish high school. After graduating with a B.A. in Economics and Political Science from CUNY Hunter College with a focus on geopolitical risk analysis and the work of the UN, I sold and serviced capital markets intelligence services. After working at Panjiva, Roubini Global Economics, Debtwire, and Preqin, I decided to apply the learnings to serve small businesses that need access to capital the most. Twitter Handle: @peter_raisewayPersonal Facebook Profile: fb.com/peter.rostovsky.7Linkedin: linkedin.com/in/peter-raisewayInstagram and Threads Handle: @pool_bread Superpowers for Good is a reader-supported publication. To receive early access, top-secret rewards and support my work, consider becoming a paid subscriber.On July 19, 2023, we'll hold the first-ever SuperCrowdHour with an extraordinary panel I'll moderate, discussing “The Power of the Purpose Round.” The panel will include Parker Clay CEO Ian Bentley, DealMaker CEO Rebecca Kacaba and Renew VC founder Mark Hubbard. You're entitled to a 50 percent discount as a Superpowers for Good reader! Join us for just $5 when you use the discount code SUPERCROWD. Register here. Get full access to Superpowers for Good at devinthorpe.substack.com/subscribe

Check out our corresponding video on YouTube and share your thoughts in the comments. --- Nouriel Roubini is an economist and professor at NYU's Stern School of Business, known for his expertise in macroeconomics and international finance. He predicted the 2008 financial crisis and has served as an economic adviser to the IMF, World Bank, and various governments. He is a frequent commentator in the media, has written several books and articles, and is the co-founder and chairman of Roubini Global Economics. In his book "MegaThreats" he identifies ten major global risks, including pandemics, climate change, and economic inequality, that require global cooperation to address. Roubini offers solutions such as investing in healthcare, education, and sustainable energy, and creating new systems for global governance. The book serves as a warning and a call to action to build a more resilient and equitable world. Dr. Roubini's full book

COVID, inflation and the markets Gina Sanchez, CEO of Chantico Global and prominent business analyst, discusses the late pandemic market volatility. Gina Sanchez is the Chief Executive Officer of Chantico Global and Chief Market Strategist for Lido Advisors. Chantico Global was spun out of Roubini Global Economics in 2013. Ms. Sanchez was the Director of Equity and Asset Allocation for Roubini Global Economics. Currently, Chantico Global collaborates with Oxford Economics, the world's largest economics consultancy. Ms. Sanchez also currently serves as a Trustee of the Los Angeles County Employee Retirement Association. Ms. Sanchez also serves as Chief Market Strategist for Lido Advisors, a $5.4 billion national investment advisor based in Los Angeles. Prior to joining RGE, Ms. Sanchez spent four years as an institutional asset manager, serving at the California Endowment, a US$3 billion Los Angeles-based foundation, as managing director of public investments and at the Ford Foundation, a US$10 billion New York-based foundation, as director of public investments. In both roles, she was responsible for making asset allocation and manager selection recommendations for all external public managers, including both total return and absolute return strategies. In addition, she was a portfolio manager and strategist for eight years at American Century Investment Management in Mountain View, Calif. She also worked in emerging markets research at JPMorgan in New York. She is frequently quoted in the media and was a recipient of Institutional Investor's 2009 Foundations and Endowments Rising Stars Award. She holds a bachelor's degree in economics from Harvard University and a master's in international policy studies from Stanford University. Follow Gina Sanchez on Twitter @GinaVSanchez. This bio work constitutes a fair-use of any copyrighted material as provided for in section 107 of the US copyright law. View original source here: Gina Sanchez   Sponsored by Microshare. Listen to our other podcasts on the Manifest Density portal. - Subscribe to DataStream: the Microshare Newsletter - View our LinkedIn page -  Contact Us   Episode transcript The transcription of this episode is auto generated by a third-party source. While Microshare takes every precaution to insure that the content is accurate, errors can occur. Microshare, Inc.  is not responsible for any errors or omissions, or for the results obtained from the use of this information. Michael Moran [00:00:04] Well, Gina, it is a pleasure to have you here. We, of course, go way back to the Roubini days. It's great to see you and have you on the podcast. Tell me, you know, for the sake of the audience. How did you get into asset allocation and and you've become quite a market prognosticator. What's what's your background? And tell us a little about what you're doing. Gina Sanchez [00:00:28] So, you know, I started my my professional career, you know, coming out as a newly minted economist out of out of Harvard. And I kind of went up through the ranks, you know, on the sell side of J.P. Morgan, on the buy side in American century as a portfolio manager running asset allocation money. And on the institutional side at the California Diamond and the Ford Foundation. And so once I had had all of those perspectives soda from, you know, through the life of a security from from offering all the way to buying and holding and investing for long periods of time, you know, I felt that that asset allocation, consulting it rabbinical economics, where we had the benefit of overlapping three wonderful years of fascinating times and stories. And then I launched my own asset allocation consultancy, which was actually spun out of Roubini Global Economics. And you know, one of the things that we do is a core business as we help our clients think about the long term trends that will have an impact on both the opportunities and the risks of the portfolio opportunities that they see. So we're trying to put everything in some kind of context so that our investor clients can make sound decisions about a what is the opportunity look like? And B, what are the risks that are either evolving or changing or what are just the basic risks that they're taking in making these decisions? So I spend a lot of my time, you know, taking a step back and helping, you know, put an investment or, you know, fund opportunity into a broader context of demographic opportunity, migration or shifts, you know, and what has happened in the pandemic has been one of the fascinating studies of, you know, pivot points for for the markets. And so, you know, I love what I do, but I've come to it from a very, very kind of granular perspective having, like I said, come up through the chain of of the securities industry all the way out to the investors perspective. Michael Moran [00:02:44] So Gina, I kind of strangely got a lot of credit from my my, my former colleagues that control risk because they dug out a 2014. Would they do an annual thing called risk map, which is a kind of global look around at what might happen? And I had pandemics on there, and it was mostly because of SaaS and mayors, the Middle East respiratory syndrome. And so I had asked the the obvious question, which is not brilliant, but just obvious. You know, what's the next pandemic and what could it be? And they were like, Oh my God, that was so prescient. Well, no, it was just it's it's just the way forecasting goes. Sometimes you get it right, and sometimes you predict that Hillary Clinton is going to be the next president. But ultimately, you're in the business now of figuring out how to apportion investment to make it both optimize growth and minimize risk sort of seeking alpha. How do you deal with the pandemic in that regard? I mean, how how surprising was it to you and what is it done to your business? Gina Sanchez [00:03:53] So, you know, with the pandemic has actually had a lot of really significant effects, I think, and some of them will not be appreciated, probably for another decade. And the reason I say that is that, you know, when pandemics happen historically. So, you know, when there are large scale pandemics and this really doesn't qualify as a large scale pandemic, but it will have an enormous impact in terms of the effects of long COVID and the number of people who will be disabled as a result of the pandemic in some way shape or form where their productivity is hampered. You know, pandemics are very different from wars. Wars destroy labor and they destroy capital. Pandemics only destroy labor that they leave their capital in place. And ultimately, after pandemics. It's not that unusual to see wage growth, which we are actually seeing right now. And and from a from a societal standpoint, it's not that unusual to see sort of a renaissance effects. I mean, you know, the Renaissance came after, you know, the plague. And so, you know, you will see sort of these, you know, efforts at innovation. You know, the societies, businesses, corporations start to think about fragility and robustness and how can we improve those? You know, but the other thing that you tend to see is you tend to see societal navel gazing and that societal navel gazing can take many forms. And, you know, probably the first time we really felt it was during the George Floyd, you know, that kind of period after the the tragic George Floyd murder. And that was that we happened to have a huge population work population for whom collective action normally has a very high price. It's very difficult to organize these things where you were stuck at home, you didn't really have a whole lot else to do. A lot of people had lost their jobs. And so the price of collective action fell and suddenly you had this enormous outpouring of protests. And so this notion that has been simmering for decades and I would argue centuries, this notion of of sustainability and how we treat each other and how we treat workers and racial justice and gender justice, all of these issues actually exploded to the fore that have been simmering in the background. I mean, we've had yes, we've had sustainability funds in various forms and under various names like socially responsible investing and, you know, screening methods. Since 1928, we literally that was when the Pioneer Fund was was established. But, you know, they never really caught traction. They were always sort of this sideshow in the investment market. You know, I ran a socially responsible investing fund and sorry fund for American Century Investment Management. You know, in from 2001 until 2006. And so, you know, but but it was never central. And what one of the things that the pandemic did was it actually Gina Sanchez [00:07:00] brought Gina Sanchez [00:07:01] forward this notion that we we need to be able to metro's eyes and track and understand the impacts that we have in terms of how we treat labor. You know, our our our workplaces safe, who are all the stakeholders involved, this notion of stakeholder capitalism rather than sort of shareholder primacy as the key. You know, all of these issues, they were already on the table for discussion before the pandemic. But I think the pandemic really allowed the population, the global population, the mind space to prioritize it. And as a result, I think the market has shifted inexorably. We suddenly see the SEC stepping in to have, you know, a greater say in what is going to be mandatory, what kind of disclosures we should have, what represents materiality. Europe was farther along on that. But really what it did was it actually forced the conversation to formalization. And so it I think it's it's it Gina Sanchez [00:08:04] has forever changed what Gina Sanchez [00:08:06] risks are, how risks are priced and what due diligence has to include. So I think that's been an interesting kind of outcome of the pandemic, but there are other kind of impacts as well, like the long term investments we've made into the biosciences and into technology. One for, you know, because we were trying to get a vaccine quickly, the other because we were trying to to, you know, repair the fragility that that, you know, working the work environment with the work environment. We're also now channeling a lot of investment into the supply chain and trying to create a more robust supply chain. Those investments are the kinds of investments that can have returns for five decades. You know, I liken it to sort of the the. Packs that you had when when you know, the United States decided that we might have a nuclear bomb in the 50s and we have to figure out a way to be able to evacuate mass evacuate people out of cities, and they built out that they passed the U.S. Highways Act and built out the the the road systems that eventually opened up the suburbs and created a real estate boom for five decades. I think you're going to see that in the biosciences. I think you're going to see that in the in the information space as we build out the cloud. And I think you're going to see that in the logistics space and it could have long ranging impacts to to trade and to and to how we sort of conduct business going forward. So that is a very long answer with a lot of meaty topics, but that that is what I see as as having been kind of changed forever Gina Sanchez [00:09:48] changed as a result of the pandemic. Michael Moran [00:09:51] So obviously, it microshare they really hope that smart building technology is part of that problem of unpicking the fragility of workspaces. And I think it is. But going forward, as we look at the impact of the recession, that was a very unusual recession that COVID caused, as you said it destroyed labor, but no capital. What is unique about a lot of people I've spoken to who are not economists and not really financially, not financial services people, but regular people were really shocked that this wasn't just a replay of 2008, and they had really girded themselves for that Gina Sanchez [00:10:35] that, you know? Yeah, yeah. And there's a reason for that. You know, 2008 was the result of a of a lending system that was broken and the systemic risk, the systematic risk that existed Gina Sanchez [00:10:50] in the in Gina Sanchez [00:10:51] the industry was was really, really, you know, high, but we hadn't priced it correctly. And that's why 2008 happened. This pandemic was the result of an of a an unexpected health disaster that actually created a health policy response. And that health policy response was that in order to protect the population, we're going to engage in a series of restrictive actions that will keep people from interacting. But in doing so also lock down the economy. And so in many ways, the economic kind of the economic disruption that we experienced was. Was really, you know, a matter of policy design, not a matter of sort of releasing the valve of of some risk that was building in the system. And so because it was contrived in many ways by policymakers, what it created was it created this whole kind of bubble of pent up demand, right? Because by shutting down, for example, restaurants, shutting down theaters, shutting down any place where people gather, you effectively shut down the those businesses, but not because people didn't demand to go to those businesses. And when we reopened, we saw that that pent up demand showing up in and huge earnings growth. So, you know, that recession was in many ways by by policymakers hands. It wasn't because it naturally would have occurred. You know, and so we are experiencing right now growth in the United States that is, you know, completely unsustainable because we're just catching up with that pandemic, that pandemic, pent up demand, the desire to go shopping, the desire to buy new clothes. You know that, you know, turns out you can't live in your yoga past. It was fine for the first six months, but then you're like, You know, I really need new clothes, but you couldn't easily go out to buy them. And so all of that pent up demand tells us that that we Gina Sanchez [00:13:02] effectively just pushed demand out forward. We locked it up for a period of time. We caused a lot of job loss and actually, quite frankly, a lot of angst in the economy for people who really needed those, those companies to be open, those restaurants and those, you know, bars and and other forms of entertainment to be open in order to garner a wage. But the end result is we've actually also seen wage growth. People in that sort of social reflection are saying, Hey, I think I need to get paid more. I think I need more stability in my job, et cetera, et cetera. So we're actually seeing a Gina Sanchez [00:13:35] rethinking of the gig economy coming out of the recession. We're seeing a demand for wages that we haven't seen it in. And it has been, like I said, the collective action quality that we don't have because unionization is really down. It's been declining for four or five decades. And so you know, what we are experiencing is couldn't necessarily have been predicted, but the result will actually be a wealthier and more income rich labor population. And the result of that could actually be some incredibly strong demand over time that we haven't seen because wage growth is just hasn't been there. And so while we. Michael Moran [00:14:18] Yeah, so so you know, I just have to I can't pass this up. I mean, Gina Sanchez [00:14:22] I Michael Moran [00:14:23] would have nothing would have caused more angst in my house than a yoga pants period for me. So I just have to say that. But there were sweatpants, I have to admit. But looking back at this now, dear, if you look at the the theories that have been floated as to the mysterious disappearance of the of the workforce, particularly in the U.S. where labor markets have tightened, there are there are as many explanations for this as there are economists. Almost there are some people, you know, spent some time predicting that as soon as the stimulus was lifted that these people would flow back to work because they had to get back to work, basically and make some money. Others have said that this is kind of a. On the other end of the spectrum, a real social psychological shift that people have had enough. It's almost like that moment in network and that old movie that won an Oscar in the 70s, where the guy opens the window and said, I've had enough, I can't take anymore. That is how, you know, there's this kind of collective reaction against the sharper end of capitalism, which is telling them, Come back to work on a fire, you. I don't care if it's safe or not. So where do you come down in there? What's your theory about why so many workers seem to have decided to sit on their hands for now? Gina Sanchez [00:15:44] So I think there are two parts to that labor tightness. There is the great resignation, which is that that notion that you just described right, the retaliation against the sharp edge of capitalism. And then there is the great, you know, that then there are people who are effectively retiring, right? And I think that's a great retirement is an unappreciated aspect, which is that there are people who were underserved and were working well past their kind of what their rich, planned retirement age would be. And they either have said, You know what, I have figured out how to live within my means and I'm not going to work anymore. That segment of the labor we've been, we've been moving along the Beveridge curve for some time. You know, in Economist Speak, which is to say that there are people in the labor force that were on the verge of retirement for the last decade that chose not to retire that during the pandemic, effectively said And now I'm done. This has made me realize that if these are going to be my last years on Earth, I don't want to spend them greeting at Wal-Mart. And so, you know, you have you have lost that segment. And so I think that the that the labor population will forever be smaller, slightly smaller. And if you look at the demographics that is going to continue to be the case, more people will age out than will actually be born into the labor markets over the next 20 years. And so you can expect this. This is just the beginning of that pressure. Then you have that segment of the population that, as you mentioned, are just sitting on their hands and are saying, Hey, this is unreasonable. You can't expect me to take these kinds of risks. You're not paying me enough. Right? That part of the market is actually experiencing a stepwise shift up in their in their salaries. We have seen wage growth in the last six months that far exceeds inflation, and that will not continue. Most of that stepwise adjustment will be replaced by a slow and steady growth over time. Over the next decade or so, that pressure will go away as people sort of find the right, find the right wage that they feel compensates them for the jobs that they do. But I think that wages will be forever higher and margins will start to compress. And that's just, you know, that's margins have been at their all time high and they have been expanding for about 30 years. So it's not that unreasonable to think that we're probably going to go in the other direction to the next couple of decades. Michael Moran [00:18:35] So that brings up nicely the next topic. And I know this franchise can't go on all day, but I could go on all day with you. Phenix Yamaha But ultimately, inflation has obviously become a huge issue. Some driven by the dynamics you just described in the labor force. Some of it is driven by supply chain tightness that you've described earlier the disruption of your hand. But there's also the whole greenness quest, right? So, you know, I've always been been just almost angered by people who pretend that that's going to be free, right? That that there's going to be some transition to zero to to a net zero economy, and that all the green jobs that are created are going to completely replace the jobs that are eliminated and that it'll all basically be cheaper because oil should be more expensive than the Sun, right? That's a pretty simplistic way of looking at the transition, but that's going to continue to stoke inflation. So I guess that's a long winded way of asking the question. What's your thinking on inflation in the medium term? Is this going to stick around? Gina Sanchez [00:19:48] So I see three kind of sources of inflation, and those three sources have different like staying power. So let's start with the one that I think will dissipate the most quickly, and that's the source of inflation happening from the great resignation. Right? I think that the wage growth that we're experiencing from that segment of the economy banding together and saying, I, you know, I can't take it anymore. That will be probably a one time step wise move up in wages, which will Gina Sanchez [00:20:24] which will flow through to inflation Gina Sanchez [00:20:25] as seven percent inflation, but will not Gina Sanchez [00:20:30] maintain. Gina Sanchez [00:20:31] We will not see seven percent inflation forever. Wages won't grow that fast. And so I think once we have achieved that, that segment of inflation is going to go back to one and a half, two percent inflation. That is just the nature of the beast. Once we have passed this, we will forget it, and that happens more often than not. You know, I work with analysts who have never seen a down market. It is incredible how short our memories are. And I think that that that part of the inflation story is not going to be persistent. I think within 12 months, we will no longer be talking about wage inflation. The second part and source of inflation is coming from the supply chain, right, that you've described this notion that the supply chain turned out to be quite fragile. That last mile, that last mile notion is is failing, and we are now spending significantly more to ensure. We can get goods to the, you know, to their, you know, inventory into the stores so that they can be sold at T times like the holidays and so know that we're investing to create more fragility. We're also, by the way, globalizing as a result of that, we're talking more about near shoring and on shoring. We haven't had that talk. You know, it's globalization. We've been beating the globalization drum since the 80s. And so now we're talking about going in the other direction and instead of outsourcing to the Philippines, we're going to outsource to Iowa so that we can find cheap labor because it turns out to be actually inflation around the world is starting to make it more reasonable to actually outsource to, you know, North Dakota, Iowa places where we don't actually have a lot of economic activity and growth and where wages are actually fairly low and the cost of living is somewhat low. And so if you're going to have a call center, why not do it there? And I think that that the investments into remote working in the cloud and the ability to do that will hasten that. I think we could actually have this huge resurgence of Main Street. I think that that Middle America could get an enormous boost as a result of on shoring that part of the inflationary aspect will probably linger because some of that on shoring means that you're now paying U.S. workers instead of workers offshore. You're going to provide benefits and you're going to abide by U.S. Department of Labor Regulations Safety Regulations. You're going to apply by the environmental, by, by, by environmental standards. And so yes, absolutely. Some of that just by virtue of stepping back into the regulation space in the United States, you will have higher costs as a result of that. So that could actually linger. You know, the last segment that we see is sort of this growing demand world where we're reopening and where the economy is is heating up meeting with supply constraints in the commodity space, which commodities been, you know, have been a terrible investment for the last decade. Suddenly, they're having their year in the Sun, where oil prices are going up, agricultural prices are going up, industrial metal prices are going up, livestock prices are going up. And we're seeing that that has been the darling of the economy and is very bloody January market. Anybody investing in commodities has been laughing their way to the bank. And so that segment, however, again, that slice of inflation is a source is probably only a 12 to 18 month story. It's that middle, that middle story that that that I think probably has the greatest impact, which is the that the globalization, the near shoring in the onshore and now the element that you talk about, which is this notion of of of Gina Sanchez [00:24:27] getting greener and getting more sustainable Gina Sanchez [00:24:29] and getting more responsible and as investments. You are absolutely right that that will add cost because so far we've had a mass, really a mass segment of corporate America free riding on the commons of social infrastructure and, you know, effectively kind of creating all these external costs that that municipalities and governments have been forced to to deal with and that we effectively pay for through our taxes that that scope will not continue, that we're going to see a lot more internalization of external costs. And so from the sustainability perspective, I think that will also add cost to the picture. But what it should do in theory is it should actually help to reduce bad actors, right? If there's a cost associated with being a bad actor in theory, that mechanism should fix that problem. We'll see how it works out. I can talk to you in a decade, but those things, I think, are those are the kind of sources of cost that I see, some of which will linger, some of which will go away. Michael Moran [00:25:43] So, Gina, I can't thank you enough for the time I wanted to for the sake of our audience, give you an opportunity to tell folks, where could they follow your work and your analysis? Gina Sanchez [00:25:56] Absolutely. You're always you can always come to WWE. We got a chance to go global dot com. You can read our news blog there. All of our media appearances are their podcasts or. And so, you know, I think that that's probably the best place you can. Follow me on Twitter at GTV Sanchez. You can follow chanty Global on Twitter Atlantico Global, or you can find me on LinkedIn. There's a lot of places that you can connect with me personally and with the company global. Michael Moran [00:26:28] And I just have to add there you can also see Gina regularly on CNBC on it's heard on the street. Is that where you're usually appearing? Gina Sanchez [00:26:37] IPO on the exchange these days I just change shows and I'm so excited and I love Kelly Evans as a host, so it's better. Just a fantastic new assignment for me. But you can now catch me on the exchange at 1:30 p.m. Eastern, 10:30 a.m. Pacific. And you know, there's always something fun to be shared on Friday mornings. All right. Michael Moran [00:27:01] And Gina Sanchez, thank you so much, and I will ask you one last question. Is it true that you were an Olympian? Gina Sanchez [00:27:10] And I was not an Olympian. I was an Olympic judge. I actually, as an Gina Sanchez [00:27:16] athlete, only ever made the world team in kayaking, but I was actually a judge for the 2008 Beijing Olympics. I was the chief of the finish line so that that is my claim to fame with regard to the Olympics. So every Olympics, I am always excited. And I will be watching the opening ceremonies this evening. Michael Moran [00:27:39] That's great. And what a slacker only made the world team. You know, it's been a pleasure. I hope to talk to you soon again, maybe before that decade, you say. Gina Sanchez [00:27:52] Maybe thank you. I really appreciate it.

If you have tried to buy almost anything in the last several months, there is a good chance it costs you more today than it did previously. These cost increases, or inflation, have been a dominant topic of conversation both at the proverbial water cooler as well as with economists. I can’t solve the water cooler part, but I am excited to welcome back to Frances Donald, Senior Managing Director & Head of Macro Strategy at Manulife Investment Management. We of course talk about inflation, and Frances is not shy to share her opinions. Great stuff, and should really get you thinking and help put a lot of things in perspective.    Before we get started, this is my second conversation on the podcast with Frances, while you don’t have to listen to the first one, it is worth checking out. To do that, just scroll through the episodes on your favorite podcast app. There are over 200 prior episodes, so if any other topics or guests catch your eye feel free to listen to those as well. Most episodes are evergreen in their content so even if we recorded them a month or a few years ago, still good info to take it.    Thats it, I hope you enjoy my conversation with Frances!   Guest Bio Frances Donald is a Senior Managing Director, Chief Economist & Head of Macro Strategy at Manulife Investment Management. In her role she forecasts global macroeconomic and financial trends, analyzes the economy and capital markets for potential opportunities and risks, and serves as a thought leader both within the firm and externally. As a senior member of the firm’s multi-asset solutions team, she coordinates global macro research, assists in the team’s return forecasting process, and contributes to portfolio positioning views. Prior to joining Manulife, Frances worked as a financial economist for Scotiabank in Toronto, and before that as a global macro analyst for Pavilion Global Markets in Montreal. Earlier in her career, she held various positions at Deloitte, Roubini Global Economics, and Bank of Canada. Frances is a frequent public speaker and regularly appears in international media, including Bloomberg and CNBC.   401(k) Fridays Podcast Overview Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over 200 prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!

Powering decentralized applications with the liquidity of assets at stake. View the full video interview here. Milana Valmont is the co-founder and CEO of Kira Core She was an intern at Roubini Global Economics as a Macro Research Analyst. After graduating from Fordham University Milana started working as a Private Equity Analyst at Issac Organization, and was an Investment Relationship Manager at OneMed Market. In June 2017, she joined Binance as a community volunteer and later Adcoin.com as a Project Manager and Blockchain Consultant. In 2018, she joined Knoks.io in Tel Aviv, first as a Blockchain Business Development Lead and then later became the Head of Strategy Milana has vast experience in structuring and scaling blockchain startups as well as deep understanding of crypto economics. Mateusz Grzelak is a Chief Technology Officer at KIRA. Mateusz was Involved in the cryptocurrency space since the late 2011 and supported the interchain/web3 ecosystem since the late 2016. Previously worked at Barclays Bank as R&D Developer, lead engineer at US Based Settle Finance and as product manager at Swiss based Bity.com. He has a deep understanding of the Interchain network protocols and experience at leading software development teams.

Have questions about where the financial markets are today, interested in how things could unfold as the world re-opens? We cover this and more with my guest Frances Donald, a Managing Director, and Global Chief Economist & Global Head of Macroeconomic Strategy for Manulife Investment Management. In her role, Frances forecasts global macroeconomic and financial trends, analyzes the economy and capital markets for potential opportunities and risks, and serves as a thought leader both within the firm and externally. As you will hear, Frances makes this all very understandable and has some good stories to help explain some very unique events we are living through.  Before we get started, if you are not receiving invites to our new Webinar Wednesdays events you aren’t on our email list. To take care of that, go to 401kfridays.com/subscribe. What is Webinar Wednesdays, well it is a timely webinar series that I host every other Wednesday where we digest timely retirement related issues plan sponsors should be thinking about. Take care of that today, and you will get an invite to our future events and more info.  Thats it, I know you will enjoy my conversation with Frances.  Guest Bio Frances Donald is Managing Director, Global Chief Economist & Global Head of Macroeconomic Strategy for Manulife Investment Management. In her role, Frances forecasts global macroeconomic and financial trends, analyzes the economy and capital markets for potential opportunities and risks, and serves as a thought leader both within the firm and externally. As a senior member of the asset allocation team, she coordinates global macro research, assists in the team’s return forecasts, and contributes to portfolio positioning views. Prior to joining Manulife, Frances worked as a financial economist for Scotiabank in Toronto, and before that as a global macro analyst for Pavilion Global Markets in Montreal. Earlier in her career, she held various positions at Deloitte, Roubini Global Economics, and Bank of Canada. Frances earned a B.A. (Honours) in Economics from Queen’s University and a Master’s in Economics from New York University. She’s a frequent public speaker and regularly appears in international media, including Bloomberg and CNBC. Education: Queen’s University, BA in Economics, 2008; New York University, MA in Economics, 2010 401(k) Fridays Podcast Overview Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over 175 prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!

When the world’s two largest economies become mired in trade conflict, there are bound to be global consequences. As analysts predict increasing risk for a global economic downturn, VanEck’s Chief Emerging Markets Economist Natalia Gurushina looks at what the trade war might mean for other countries, and explains how these consequences could have unforeseen repercussions for both the United States and China.  Natalia Gurushina is the chief emerging markets economist for VanEck’s Emerging Markets Unconstrained Fixed Income Strategy. She has been a member of the Investment Management Team since 2013. Prior to joining VanEck, Dr. Gurushina worked for Roubini Global Economics, where she was responsible for Emerging Markets Currency/Fixed Income and G10 Currency Strategies. She has also previously worked as an analyst at Pantera Capital Management, a Tiger Management spin-off, and as an EMEA economist at Deutsche Bank. Dr. Gurushina holds a Ph.D. in economic history from the University of Oxford and a B.A. in economics from Moscow State University.

What keeps global economy experts up at night? Is it Brexit, Chinese debt, the impact of technology on work, or the “unknown unknowns” — those issues we haven’t yet anticipated? This episode convenes several guests who were in Washington, D.C. recently for the spring meetings of the International Monetary Fund. With host Bessma Momani, they discuss how long the current global slowdown could last, the impact of bad policy — or a lack of any policy at all — on living standards, and, despite the many areas of concern, why it is best to focus on being prepared for crisis. Our host Bessma Momani is professor at the Balsillie School of International Affairs and University of Waterloo and a senior fellow at the Centre for International Governance Innovation. She’s also a non-resident senior fellow at the Stimson Center in Washington, D.C. and a Fulbright Scholar. She has been non-resident senior fellow at the Brookings Institution in Washington, D.C. and a 2015 Fellow at the Pierre Elliott Trudeau Foundation. She’s a frequent analyst and expert on international affairs in Canadian and global media. This week’s guests Rachel Ziemba is an adjunct senior fellow at the Center for a New American Security. Her research focuses on the interlinkages between economics, finance and security issues. She previously served as head of emerging and frontier markets and co-head of research at Roubini Global Economics, a global macro strategy and country risk firm. Before that, Rachel also worked for the Canadian International Development Agency in Cairo, Egypt, and the International Development Research Centre in Ottawa, Canada on development economic issues. Babak Abbaszadeh is president and chief executive officer of non-profit organization Toronto Centre. Previously, Babak held leadership positions in major internationally oriented Canadian financial institutions such as the Canada Pension Plan Investment Board and Sun Life Financial. Babak was also chief of staff to two senior cabinet ministers. Bob Fay is director of the Centre for International Governance Innovation’s Global Economy Program and is responsible for the research direction of the program and its related activities. Prior to joining CIGI, Bob held several senior roles at the Bank of Canada, most recently as senior director overseeing work to assess developments and implications arising from the digitization of the Canadian economy. Tom Bernes is a distinguished fellow with the Centre for International Governance Innovation. After a distinguished career in the Canadian public service and at leading international economic institutions, Tom was CIGI’s executive director from 2009 to 2012. He has held high-level positions at the International Monetary Fund, the World Bank and the Government of Canada.

Hello and welcome to this episode of Informed Choice Radio, where I'm joined by Sandra Navidi, author of Superhubs. Sandra Navidi is a macroeconomic consultant and strategic relationship manager. She is the Founder and Chief Executive Officer of BeyondGlobal, an international management consultancy. Sandra worked closely with renowned economist Nouriel Roubini as Director of Research Strategies and Senior Relationship Manager at Roubini Global Economics. She is an expert commentator on financial markets and author of the bestselling book “$uper-hubs: How the Financial Elite and their Networks rule the World“. SuperHubs is a rare, behind-the-scenes look at the global financial system and the powerful personal networks through which it is run, at the centre of which sit the Elites - the SuperHubs. The book combines an insider's knowledge with principles of network science. In Superhubs, Sandra offers a startling new perspective on how the financial system really operates. In this episode of Informed Choice Radio, I speak to Sandra about what really happens at places like Davos, some of the common traits of the global financial elite, whether Brexit is an example of the elites losing their power, why women are the missing link, and much more. Welcome to Superhubs with Sandra Navidi, in episode 196 of Informed Choice Radio. Some questions I ask: -What happens at Davos which makes it such an influential event and such an important place? -What's been the impact of the way these superhubs and these networks work on global finance? -What are some of the common traits that you've identified? -Where do women feature in this, and what role could they play within superhubs? -Is where you went to school still really important when it comes to finance networks and superhubs? -Is Brexit an example of superhubs starting to lose out to the power of the people? Useful links mentioned in this episode: –Beyond Global –SuperHubs on Amazon –Sandra on Twitter –Sandra on Facebook –Sandra on YouTube –Sandra on Instagram –Sandra on LinkedIn Thank you for listening! To get new episodes of Informed Choice Radio sent directly to your device as soon as they are published, you can subscribe on iTunes or Stitcher Your reviews on iTunes are incredibly helpful and really appreciated. We get notified about each one; please leave a note of your name and website URL so we can mention you in a future episode.

In this Market Forces segment of Hidden Forces, host Demetri Kofinas speaks with Emerging Markets Analyst Rachel Ziemba. Rachel leads Emerging Markets coverage for Roubini Global Economics and writes extensively across all three EM/Frontier regions, as well as about commodities. She has a particular interest in the macroeconomics of oil-exporting nations, including the management of oil wealth, energy-sector supply risks, and China. Rachel has served as an expert member of task forces in the U.S, and the UK on issues ranging from economic sanctions, Chinese security challenges, Egypt and sovereign wealth funds. Today's conversation begins with a look at North Korea and the geopolitical crisis that is unfolding on the Korean Peninsula. Why are financial markets so bad at pricing geopolitical risk and do governments even have a firm grasp on the evolving threat of a nuclear exchange between the United States and the regime of Kim Jong-un? Our conversation eventually shifts to the matter of the falling dollar. What has been driving the fall in the dollar since the beginning of 2017? Have we seen a bottom or could the dollar fall another five, ten, or even twenty percent from these levels? The greenback has fallen despite a further drop in yields on 10-year and 30-year US treasuries. This is particularly relevant in light of the dollar carry-trade, which has benefited from the Federal Reserve's policy of low interest rates in the United States. How has the dollar's role as a funding currency for emerging markets played a role in the recent rise in equities and bond prices in some of these markets? What can forward volatility and the price of currency swaps tell us about the risk of a snap-back in the dollar carry-trade? Finally, Rachel and Demetri discuss energy markets, specifically the chronically low price of oil and its effects on the oil and natural gas industries in the United States, as well as those abroad. In particular, the two discuss the case of Saudi Arabia, with its dwindling foreign exchange reserves and fragile geopolitical position. Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod

Ian Bremmer, Eurasia Group's president and founder, discusses his top risks for 2017 and says traditional alliances are crumbling. Lawrence Summers, former U.S. treasury secretary, says the risks to the global economy are enormous. Then, Nouriel Roubini, Roubini Global Economics' co-founder and chairman, says there is a huge amount of uncertainty about economic policy, both in the U.S. and in Europe. Also, Dom Barton, McKinsey & Co.'s global managing partner, says it's technology -- not trade -- that's dislocating jobs. Doug Kass, Seabreeze Partners' founder, says Donald Trump is making volatility great again. Finally, Raghuram Rajan, former governor of the Bank of India, says central banks are in the "process of exit." Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Dr. Efraim Chalamish is a powerful public speaker whose intellect and passion have seen him travel across the globe to lecture, provide high-level government counsel, educate and inspire. Efraim has worked in international legal practices in New York, Paris, and Israel.  His work has included international arbitration disputes, energy and cross-border transactions for multinational clients.  He has been teaching International Investment Law and Energy Deals at New York University and serves as a visiting professor at IESE Business School. He was selected to be a Global Fellow at New York University, where he explored global governance of corporations and multilateral institutions, the intersection of business and national security, energy and sovereign wealth funds' economics and policy, international investment arbitration, and global governance and financial regulation. His articles have been published in leading journals and magazines in the US and Europe.  An exclusive contributor to Economonitor of Roubini Global Economics and regular analyst for The Huffington Post, Project Syndicate, The Gulf Times, The Jerusalem Post, The marker, Haaretz and Jewish Week. Efraim was the founder and president of the Global Center for Economic Development and Security and is distinguished by his passion for law, Israel and empowering others to better understand complex realities and make informed choices. He has worked intimately with the sovereign funds and asset management industry and provided advice on funds' governance, investment management and risk allocation.  Efraim has been consistently involved in public service and diplomacy.  He is highly committed to helping various non-profit organizations with their strategic thinking and leadership needs and is a frequent guest speaker at many international institutions, communities and universities.  He has the ability to transmit complicated concepts in a straightforward and accessible manner. He was named by the French Government as a Future Global Leader for 2011.  He has served as a board member and a Permanent Representative to the United Nations of the International Association of Jewish Lawyers and was the founding Co-Chairman of the American Jewish Committee's ACCESS.  Dr. Chalamish is a recipient of several prestigious awards and fellowships, such as “36 under 36” of the Jewish world and Goldman International Fellowship. Efraim is a sought after and dynamic public speaker and his presentations have consistently engaged and inspired around the world. Dr. Chalamish is one of the extraordinary guests featured on The One Way Ticket Show. In the podcast, Host Steven Shalowitz explores with his guests where they'd go if given a one way ticket, no coming back!  Destinations may be in the past, present, future, real, imaginary or a state of mind. Several of Steven's guests have included:  Legendary Talk Show Host, Dick Cavett; CNN's Richard Quest & Bill Weir; Journalist-Humorist-Actor Mo Rocca (of CBS Sunday Morning & The Cooking Channel's "My Grandmother's Ravioli" fame); Bronx Borough President Ruben Diaz, Jr.; as well as leading photographers, artists, writers and more.

Roubini Global Economics' Kevin Harris discusses the FED, U.S. eco and predicting a 1 percent rate hike this year. He speaks with Tom Keene and Michael McKee on Bloomberg Surveillance. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Introduction By: Michael Klowden, CEO, Milken Institute. Speakers: Pierre Beaudoin, President and CEO, Bombardier Inc. Scott Minerd, Managing Partner and Global Chief Investment Officer, Guggenheim Partners. Nouriel Roubini, Chairman and Co-Founder, Roubini Global Economics; Professor of Economics and International Business, Stern School of Business, New York University. Geraldine Sundstrom, Partner and Portfolio Manager, Emerging Markets Strategies Master Fund Limited, Brevan Howard. Moderator: Paul Gigot, Editorial Page Editor and Vice President, The Wall Street Journal. As mid-2013 comes into view, the crisis sparked by the international mortgage meltdown is receding into memory, spreading a sense of relief. In the eurozone, the debate is about austerity versus spending, but not dissolution. Meanwhile, living conditions are rising in many parts of the globe as millions join a swelling middle class. The expanding availability of healthcare could have a profound effect as well. Yet some regions continue to struggle. In our annual big-picture look at the world economy, we'll discuss whether China and the U.S. can pull other players along and how the debt bomb can be defused. What are the most potent trends steering capital markets? Which industries are rising, which are fading, and what governments are demonstrating they know how to solve problems? Can the flare-up in the Middle East be contained and give way to democracy and economic growth?

Recorded at WorldAffairs 2012, the World Affairs Council’s annual conference designed for global citizens seeking deeper insight, understanding and context surrounding critical issues of our day. Some of the questions addressed in this session include: What has been the effect of the current austerity measures in stabilizing the European economies? What impact will the debt crisis have on European cohesion? What are the implications of a large-scale recession in Europe for the global economic landscape? Two distinguished speakers will address these issues: Megan Greene, Head of European Economics at Roubini Global Economics; and Jacob Funk Kirkegaard, Senior Research Fellow at the Peterson Institute for International Economics.