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Odd Lots

Bloomberg

162
Followers
1.2K
Plays
Odd Lots

Odd Lots

Bloomberg

162
Followers
1.2K
Plays
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About Us

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

Latest Episodes

Lessons From Ruth Krivoy, the Former Head of Venezuela's Central Bank

The COVID-19 crisis has pushed central banks around the world into uncharted territory. Typically when we talk about this, it's from the perspective of the Fed or the ECB. But this has also been an extraordinary period for emerging market central banks. On this episode, we speak with Ruth Krivoy who ran the Venezuelan central bank in the early 1990s. She discusses the lessons she learned during that period and how they apply now.

55 min1 d ago
Comments
Lessons From Ruth Krivoy, the Former Head of Venezuela's Central Bank

JPMorgan's Josh Younger on Rate Derivatives and Volatility Ahead of the Election

For months now, traders have been positioning for a major volatility spike around the November election. But what are markets really expecting, and how are investors hedging? On this episode, we speak with Josh Younger, a rate derivatives strategist at JPMorgan to discuss how he goes about finding signal in the market's noise, how traders are positioning, and what could be a shock to the market on election day.

57 min4 d ago
Comments
JPMorgan's Josh Younger on Rate Derivatives and Volatility Ahead of the Election

Benoît Cœuré On Central Bank Digital Currencies And The Future Of Monetary Policy

Central banks around the world are increasingly launching pilot projects to explore the possibility of issuing digital currencies. But how would they work and what would they accomplish? On this episode, we speak with Benoît Cœuré, the head of the BIS Innovation Hub and a former member of the ECB Executive Board. We discuss CBDCs as well as the future of monetary policy more broadly.

57 min1 w ago
Comments
Benoît Cœuré On Central Bank Digital Currencies And The Future Of Monetary Policy

Rep. Ro Khanna On Why Democrats Should Cut A Stimulus Deal With The White House

With just two weeks until the election, talks over a stimulus deal remain ongoing, with negotiations having picked up between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin. Many of the disagreements haven't been about the price tag per se, but around language on such things as a national testing strategy and workplace liability. One of the most outspoken voices on the Democrat side, urging a deal, has been California Congressman Ro Khanna whose district encompasses much of Silicon Valley. He explains why, from his perspective, it's so important to get a deal done now. We also discuss the fiscal policy priorities of a theoretical Biden administration.

23 min1 w ago
Comments
Rep. Ro Khanna On Why Democrats Should Cut A Stimulus Deal With The White House

A Volatility Arbitrage Trader On What Markets Are Saying Right Now

It's been an extraordinary year for traders of volatility. We had the crisis, we had this incredible surge in retail call options buying, and we have the election coming up. On this episode, we speak with Kris Sidial, a co-founder and vice president at The Ambrus Group, to discuss volatility arbitrage trading in this extraordinary environment.

44 min1 w ago
Comments
A Volatility Arbitrage Trader On What Markets Are Saying Right Now

How Tobacco Became One Of The Greatest Investments In History

For over a century, tobacco stocks have been among the greatest investments in history, consistently outperforming other sectors decade after decade. But what is it about tobacco companies specifically that has led to this incredible performance? On this episode, we speak with financial advisor Lawrence Hamtil along with Gene Hoots, a financial advisor and the author of “Going Down Tobacco Road”, to discuss the extraordinary performance of this sector.

56 min2 w ago
Comments
How Tobacco Became One Of The Greatest Investments In History

Michael Hudson On Why The US Risks Becoming The Next Greece

In the wake of the Great Financial Crisis, you heard a lot of talk about the US becoming like Greece unless the budget deficit were brought under control. However, these warnings proved to be unfounded. That being said, there are risks of a different variety. On the latest Odd Lots, we speak with the economist Michael Hudson on the risk of too much private sector debt, which could lead to permanently degraded consumption and investment.

57 min2 w ago
Comments
Michael Hudson On Why The US Risks Becoming The Next Greece

What It Takes To Win At Quant Investing

Interest in quantitative investing strategies continues to grow; however, as the space gets more competitive, making money and winning gets harder and harder. Computation costs alone can be prohibitive. On the latest episode, we speak with Columbia Business School professor Ciamac Moallemi about how the world's best quant funds thrive.

50 min3 w ago
Comments
What It Takes To Win At Quant Investing

An IMF Economist On The Challenge Of Finding The Neutral Rate Of Interest

One of the guiding lights of Fed policy over the years has been the so-called Neutral Rate of Interest or R*. It's at this rate, theoretically, where the economy comes into balance, with full employment and stable prices. Yet, not only has discovering that level become challenging, but the premise itself has been called into question. On this episode, we speak with Peter Williams, an analyst and economist at the IMF, on what it takes to find the right level, and how the concept itself can be salvaged.

53 min3 w ago
Comments
An IMF Economist On The Challenge Of Finding The Neutral Rate Of Interest

Volatility Suppression Turned The Entire Economy Into One Big Carry Trade

In a carry trade, an investor borrows money cheaply to buy an asset that yields more. As long as nothing changes overall, the investors get to pocket the spread. In our latest episode, our guests argue that more and more aspects of the economy resemble this trade, and that the culprit is the policymaker suppression of volatility. We speak with Tim Lee, Jamie Lee, and Kevin Coldiron, the authors of the new book “The Rise Of Carry: The Dangerous Consequences of Volatility Suppression and the New Financial Order of Decaying Growth and Recurring Crisis”.

46 minOCT 1
Comments
Volatility Suppression Turned The Entire Economy Into One Big Carry Trade

Latest Episodes

Lessons From Ruth Krivoy, the Former Head of Venezuela's Central Bank

The COVID-19 crisis has pushed central banks around the world into uncharted territory. Typically when we talk about this, it's from the perspective of the Fed or the ECB. But this has also been an extraordinary period for emerging market central banks. On this episode, we speak with Ruth Krivoy who ran the Venezuelan central bank in the early 1990s. She discusses the lessons she learned during that period and how they apply now.

55 min1 d ago
Comments
Lessons From Ruth Krivoy, the Former Head of Venezuela's Central Bank

JPMorgan's Josh Younger on Rate Derivatives and Volatility Ahead of the Election

For months now, traders have been positioning for a major volatility spike around the November election. But what are markets really expecting, and how are investors hedging? On this episode, we speak with Josh Younger, a rate derivatives strategist at JPMorgan to discuss how he goes about finding signal in the market's noise, how traders are positioning, and what could be a shock to the market on election day.

57 min4 d ago
Comments
JPMorgan's Josh Younger on Rate Derivatives and Volatility Ahead of the Election

Benoît Cœuré On Central Bank Digital Currencies And The Future Of Monetary Policy

Central banks around the world are increasingly launching pilot projects to explore the possibility of issuing digital currencies. But how would they work and what would they accomplish? On this episode, we speak with Benoît Cœuré, the head of the BIS Innovation Hub and a former member of the ECB Executive Board. We discuss CBDCs as well as the future of monetary policy more broadly.

57 min1 w ago
Comments
Benoît Cœuré On Central Bank Digital Currencies And The Future Of Monetary Policy

Rep. Ro Khanna On Why Democrats Should Cut A Stimulus Deal With The White House

With just two weeks until the election, talks over a stimulus deal remain ongoing, with negotiations having picked up between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin. Many of the disagreements haven't been about the price tag per se, but around language on such things as a national testing strategy and workplace liability. One of the most outspoken voices on the Democrat side, urging a deal, has been California Congressman Ro Khanna whose district encompasses much of Silicon Valley. He explains why, from his perspective, it's so important to get a deal done now. We also discuss the fiscal policy priorities of a theoretical Biden administration.

23 min1 w ago
Comments
Rep. Ro Khanna On Why Democrats Should Cut A Stimulus Deal With The White House

A Volatility Arbitrage Trader On What Markets Are Saying Right Now

It's been an extraordinary year for traders of volatility. We had the crisis, we had this incredible surge in retail call options buying, and we have the election coming up. On this episode, we speak with Kris Sidial, a co-founder and vice president at The Ambrus Group, to discuss volatility arbitrage trading in this extraordinary environment.

44 min1 w ago
Comments
A Volatility Arbitrage Trader On What Markets Are Saying Right Now

How Tobacco Became One Of The Greatest Investments In History

For over a century, tobacco stocks have been among the greatest investments in history, consistently outperforming other sectors decade after decade. But what is it about tobacco companies specifically that has led to this incredible performance? On this episode, we speak with financial advisor Lawrence Hamtil along with Gene Hoots, a financial advisor and the author of “Going Down Tobacco Road”, to discuss the extraordinary performance of this sector.

56 min2 w ago
Comments
How Tobacco Became One Of The Greatest Investments In History

Michael Hudson On Why The US Risks Becoming The Next Greece

In the wake of the Great Financial Crisis, you heard a lot of talk about the US becoming like Greece unless the budget deficit were brought under control. However, these warnings proved to be unfounded. That being said, there are risks of a different variety. On the latest Odd Lots, we speak with the economist Michael Hudson on the risk of too much private sector debt, which could lead to permanently degraded consumption and investment.

57 min2 w ago
Comments
Michael Hudson On Why The US Risks Becoming The Next Greece

What It Takes To Win At Quant Investing

Interest in quantitative investing strategies continues to grow; however, as the space gets more competitive, making money and winning gets harder and harder. Computation costs alone can be prohibitive. On the latest episode, we speak with Columbia Business School professor Ciamac Moallemi about how the world's best quant funds thrive.

50 min3 w ago
Comments
What It Takes To Win At Quant Investing

An IMF Economist On The Challenge Of Finding The Neutral Rate Of Interest

One of the guiding lights of Fed policy over the years has been the so-called Neutral Rate of Interest or R*. It's at this rate, theoretically, where the economy comes into balance, with full employment and stable prices. Yet, not only has discovering that level become challenging, but the premise itself has been called into question. On this episode, we speak with Peter Williams, an analyst and economist at the IMF, on what it takes to find the right level, and how the concept itself can be salvaged.

53 min3 w ago
Comments
An IMF Economist On The Challenge Of Finding The Neutral Rate Of Interest

Volatility Suppression Turned The Entire Economy Into One Big Carry Trade

In a carry trade, an investor borrows money cheaply to buy an asset that yields more. As long as nothing changes overall, the investors get to pocket the spread. In our latest episode, our guests argue that more and more aspects of the economy resemble this trade, and that the culprit is the policymaker suppression of volatility. We speak with Tim Lee, Jamie Lee, and Kevin Coldiron, the authors of the new book “The Rise Of Carry: The Dangerous Consequences of Volatility Suppression and the New Financial Order of Decaying Growth and Recurring Crisis”.

46 minOCT 1
Comments
Volatility Suppression Turned The Entire Economy Into One Big Carry Trade
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