Odd Lots

Bloomberg’s Joe Weisenthal and Tracy Alloway take you on a not-so random walk through hot topics in markets, finance and economics.

https://bloomberg.com/podcasts/odd_lots

Eine durchschnittliche Folge dieses Podcasts dauert 35m. Bisher sind 374 Folge(n) erschienen. Dies ist ein wöchentlich erscheinender Podcast.

Gesamtlänge aller Episoden: 9 days 12 hours 53 minutes

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Slavoj Žižek on GameStop, WallStreetBets, and the Future of Capitalism


When GameStop shares skyrocketed earlier this year, numerous pundits were quick to ascribe political significance to the whole thing. Was it a rebellion? Was it class warfare in the spirit of Occupy Wall Street? On this episode of Odd Lots, we speak with the Slovenian philosopher Slavoj Žižek, who argues that the episode was significant and radical, but not in the way most people appreciate...


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   47m
 
 

Why Treasury Market Spasms That Shouldn't Happen Keep Happening


The U.S. Treasury market is the biggest, most liquid market in the world. Its smooth functioning is also crucial to the economy and the financial system. Yet it keeps experiencing bizarre, seemingly inexplicable bouts of volatility. We saw it in February. We saw it big time last March. And we saw it multiple times in recent years before then...


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   51m
 
 

Why the True Price of a Bond Can Still Be Hard To Know


In the modern age, we expect to be able to turn on our computers, enter in a ticker, and know the actual price of a financial instrument, such as a stock or a bond. But this is easier said than done, especially with bonds, and especially with bonds that are infrequently traded. Sometimes, in fact, bond pricing is a matter of opinion...


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   46m
 
 

The Ex-Jane Street Trader Who's Building a Multi-Billion Crypto Empire


The crypto market has come a long way in recent years. But it's still far less efficient than your typical established market. To understand more about crypto market structure, we spoke with Sam Bankman-Fried. Sam is a former international ETF trader at the prop shop Jane Street Capital. Now he's building a crypto empire with his hedge fund Alameda Research as well as his own exchange called FTX. He talks us through his path into the industry and how it works more broadly.


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   1h10m
 
 

How Gigantic Ships Are Creating Global Supply Chain Havoc


The Ever Given has been freed from the Suez Canal. But the whole situation was indicative of a broader issue in global supply chains: increasingly large ships are contributing to logistical bottlenecks. This was true long before the latest issue on the Suez...


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   35m
 
 

Virtu CEO Doug Cifu Explains Payment for Order Flow and the Future of HFT


When the GameStop and Robinhood story exploded at the end of January, suddenly everyone took an interest in market structure and things like payment for order flow, as well as the role that high-frequency trading shops play in enabling free retail trading. This, of course, gave rise to lots of conspiracy theories about ways retail traders are taken advantage of...


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   1h9m
 
 

Josh Younger on the Soaring Cost of Climate Change and Understanding the SLR


What is the connection between the big trend in interest rates over the last several years and the cost of climate change mitigation? This is a question that's been analyzed by Josh Younger, a rates derivative strategist at JPMorgan. On the latest episode of Odd Lots, he discusses his work on interest rates and the cost of fighting climate change. We also discuss the significance of the Fed's SLR decision, and what it means for rates and bank balance sheets.


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   1h7m
 
 

Luke Kawa on the Macro Situation Right Now


Over the last several weeks, we've seen major developments in the macro situation. The vaccine rollout has accelerated. We've gotten a stimulus. The economic outlook has improved. And rates have risen across the curve significantly. So what does the macro picture look like right now, and what is the best framework for thinking through things? On this episode, we speak with Luke Kawa, an Asset Allocation Strategist at UBS Asset Management, about how to understand the current macro picture.


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   52m
 
 

Stephanie Kelton on How MMT Won the Fiscal Policy Debate


In a sense, Modern Monetary Theory has won. This is not because policy measures are necessarily in line with what MMT adherents would prescribe. Rather, the debate over economic policy, in particular fiscal policy, is happening on MMT terms. MMTers argue that the constraint on government spending is inflation and real resources -- not credit risk -- and that's exactly how even the critics of the stimulus bill have attacked it, that it will be inflationary...


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   57m
 
 

Did We Just Experience a Break in the Neoliberal Consensus?


For decades, the dominant economic philosophy of the United States has been that fiscal policy should be relatively inert, and that the Fed should be the primary driver of macroeconomic stabilization. But that may be changing. As evidenced by the stimulus deal, the political willingness to use fiscal stimulus in a responsive way appears to be growing. Moreover, the importance and power of fiscal firepower has been accepted by a range of actors, from Senator Bernie Sanders to the U.S...


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   1h2m