Macro Hive Conversations With Bilal Hafeez
225 episodes - English - Latest episode: 18 days ago -We talk economics and markets with leading policymakers and investors.
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Episodes
Roger Garside On China Fragility, Coup Risks, and US Policy
July 23, 2021 09:08 - 59 minutes - 50.4 MBRoger is a former diplomat, development banker, and capital market development advisor, who twice served in the British Embassy in Beijing, and is the author of the highly acclaimed Coming Alive: China After Mao, which explained how Deng Xiaoping won the struggle to succeed Chairman Mao Zedong and what he would do with his power. He has recently published a provocative new book China Coup: The Great Leap to Freedom. In the podcast, we talk about: Why China is outwardly strong and inwardly w...
Roshun Patel on Bitcoin, Crypto Lending and Futures Trading
July 16, 2021 09:36 - 55 minutes - 51.9 MBCross-exchange arbitrage in crypto How lending works in bitcoin and crypto Futures and interest rates on bitcoin Dynamics of the May bitcoin correction Divergence between US and China trading On-chain features and smart contracts Yield farming Issues around Tether Types of investors in crypto Call over-writing strategies Books that influenced Roshun: The Beginning of Infinity (Deutsch), The Selfish Gene (Dawkins), Sapiens (Harari), The Sovereign Individual (Davidson...
Charley Ellis on Active Investors Underperformance, Index Investing and Character
July 09, 2021 10:41 - 57 minutes - 49.4 MBDr. Charles D. Ellis is the founder and former managing partner of Greenwich Associates, an international consultancy where he advised large institutional investors, foundations, and government organizations in more than 130 financial markets across the globe. He taught investment management courses at the Yale School of Management and at Harvard Business School. He sat on the Board of Directors of The Vanguard Group. In addition, Charley was a successor trustee of Yale University, where he ...
Christian Angermayer on Exponential Growth, Revolutionising Healthcare and Overcoming Fear
July 02, 2021 09:10 - 1 hour - 57.4 MBChristian Angermayer is an entrepreneur and investor and the founder of Apeiron Investment Group, his family office and merchant banking business. Apeiron focuses on Financial Services (especially fintech and crypto assets), Technology, Life Sciences, Media & Entertainment and Real Estate & Prop-Tech. In the podcast, we talk about: What has helped Christian become a successful investor and entrepreneur The positive history of psychedelics The medical potential for psychedelics in mental...
Former Deutsche Bank Chair/CEO Josef Ackermann On Running a Bank and the Future of Banking
June 25, 2021 09:24 - 53 minutes - 47.5 MBThis episode is supported by private equity platform Moonfare. Josef Ackermann is the former chairman of the management board and the group executive committee at Deutsche Bank. Ackermann joined Deutsche Bank’s board of managing directors in 1996, where he was responsible for the investment banking division. He is also former chairman of the Board of Directors of Bank of Cyprus. Ackermann studied economics and social sciences at the University of St. Gallen, where he earned his doctorate. ...
John Butler on Stagflation, Gold and Bitcoin
June 18, 2021 08:11 - 56 minutes - 49.2 MBJohn Butler has 25 years’ experience in international finance. He has served as a Managing Director for bulge-bracket investment banks in research, strategy, asset allocation and product development roles, including at Deutsche Bank and Lehman Brothers. He has advised some of the world’s largest institutional and private investors, and he has been a #1 ranked Investment Strategist by Institutional Investor magazine. His past publications include his popular Amphora Report investment newslett...
Charles Goodhart on Money Printing, Inflation and Ageing
June 11, 2021 09:12 - 53 minutes - 46.4 MBThis episode is sponsored by Masterworks. Charles Goodhart CBE is Emeritus Professor of Banking and Finance at the LSE, having previously been its Deputy Director. Previously, he had worked at the Bank of England for seventeen years including as Chief Adviser and later In 1997 as independent members of the Bank of England's new Monetary Policy Committee until May 2000. He is the developer of Goodhart's law, an economic law named after him. He has written numerous books including the gradua...
Professor Adrian Williams on Everything You Wanted to Know About Sleep
June 04, 2021 09:25 - 1 hour - 59.2 MBDr. Adrian Williams is the UK's first Professor of Sleep Medicine. Adrian graduated from University College, London, UK, and after a lectureship at The Cardiothoracic Institute, Brompton Hospital in 1975 took up an appointment at Harvard, Boston, USA, followed by an invitation to University of California (UCLA) in 1977. In 1985 Professor Williams became tenured Professor of Medicine at UCLA and co-Director of the UCLA Sleep Laboratory. In 1994 he returned to London where he developed the Sle...
Former UK Chancellor Sajid Javid On Inflation, Climate Change and Post-Brexit Britain
May 28, 2021 07:40 - 27 minutes - 25.9 MBThis episode is supported by private equity platform Moonfare. Sajid is currently the Conservative Member of Parliament for Bromsgrove. He has held two of the four ‘Great Offices Of State’ in the UK government: Chancellor of the Exchequer and Home Secretary. He was first elected to Parliament in 2010. Before that, he worked at Deutsche Bank and Chase Manhattan Bank. At Deutsche Bank, he helped build their emerging market businesses. Sajid was born in Rochdale (Manchester) and was raised in...
Themos Fiotakis on Mispriced US Stimulus, Inflation Spikes and Neglected EM
May 21, 2021 10:27 - 29 minutes - 25.4 MBThemos is the Head of Research at the macro hedge fund, Glen Point Capital. His previous roles included being Head of Fundamental Strategy at UBS and Head of EM FX Strategy at Goldman Sachs. In the podcast, we talk about: How investors are not understanding the impact of the US stimulus Will price increases be transitory? How healthy is the US labour market? Important shifts in China policy How to play the Euro-area recovery Investors are missing key EM trends Favourite EM marke...
Dominique Dwor-Frecaut on US Labour Supply, Inflation and Timing the Bond Sell-Off
May 14, 2021 09:18 - 44 minutes - 39.1 MBDominique is one of my favourite macro thinkers and economists – she’s so good, we hired her to work for Macro Hive. As for her background, she’s worked at Bridgewater, Barclays and RBS. And before that she worked on policy and research at the New York Fed, the IMF and the World Bank. In the podcast, we talk about: The US labour supply problem and its impact on growth for the rest of 2021 The difference between Democrat and Republican states on COVID Can inflation move higher? How inc...
Phil Suttle on Coming High Inflation, Goods Recessions and Fed in Play
May 07, 2021 10:28 - 47 minutes - 41.5 MBPhil is one of my favourite global economists. Currently, he runs his own economic research outfit. Before that he worked at JPMorgan, the Fed, World Bank, Barclays and Tudor. In the podcast, we talk about: COVID has led to the biggest change to inflation regime since early 1970s. Private sector to acquire real assets rather than financial assets. High inflation likely to persist over 2022 and 2023. Fed will be in play sooner than expected. Goods sector could see ‘recession’ in 2021...
Wolfgang Münchau on Germany’s Political Risks, Fiscal Stimulus and Euro Instability
April 30, 2021 12:00 - 1 hour - 53.4 MBThis episode is supported by private equity platform Moonfare. Wolfgang Münchau is co-founder and director of Eurointelligence. He was a Financial Times columnist from 2003 until 2020 and co-founder and editor-in-chief of Financial Times Deutschland. He is the author of several books, including Meltdown Years. In this podcast, we discuss: The unpopularity of Germany’s governing party, the CDU and its new leader Laschet. Laschet’s support for the coal industry. The popularity of sister...
Jeff Snider on Deflation, Central Bank Failure, and Understanding Money
April 23, 2021 10:51 - 48 minutes - 43.7 MBThis episode is sponsored by Masterworks. Jeff is Head of Global Investment Research for Alhambra Investment Partners. He started his career in portfolio management and equity research before focusing on broad investment research since the 2000s. In this podcast, we discuss: Do central banks believe in QE? Why QE didn’t generate inflation after GFC. What is money and can central banks control it? The importance of banks. What caused the 1970s inflation. The rise of the offshore ...
Boris Vladimirov on Inflation Permanence, European Banks and BRICS Outlook
April 16, 2021 09:46 - 1 hour - 59.8 MBThis episode is supported by private equity platform Moonfare. Boris focuses on global macro and EM. He is a managing director at Goldman Sachs. Before GS, he was partner and portfolio manager at Rokos Capital Management, Fortress and Brevan Howard. Boris started his career on the sell-side which included working at UBS and Dresdner. In this podcast, we discuss: Inflation outlook – the Europe surprise – inflation persistence. Will fiscal spending crowd out private spending? The best E...
Bobby Vedral on Taxing Big Tech, Europe’s Edge, and Biden’s China Policy
April 09, 2021 09:36 - 30 minutes - 27.3 MBThis episode is supported by private equity platform Moonfare. Bobby is partner and portfolio manager at Toscafund Asset Management. He is author of the widely read newsletter, Macro Eagle. He has been the UK representative of the German Economic Council. Before that Bobby was at Goldman Sachs where he was a partner and Global Head of Market Strats. In this podcast, we discuss: Why the backlash against Big Tech will continue. The unionization drive in the US. A new global corporate ...
David Riley On US Debt Sustainability, the Reflation Trade and Corporate Defaults
April 01, 2021 07:42 - 43 minutes - 38.5 MBDavid Riley is Partner and Chief Investment Strategist of BlueBay Asset management – a USD70bn fixed income fund. Before Bluebay, David was global head of Fitch’s Sovereign and Supranational Group, responsible for more than 130 ratings of the world’s largest fixed-income issuers. Prior to Fitch, David was at HM Treasury where he advised on international economic and debt issues, including representing the UK at international debt restructuring negotiations at the Paris Club of Official Credi...
Benn Eifert On Retail Options Boom, Over-Complex Derivatives, and Managing Tail Risk
March 26, 2021 11:03 - 51 minutes - 50.8 MBBenn is the managing member and CIO of QVR. He was previously co-founder and co-portfolio manager of Mariner Coria in New York. Before that he was Head of Quantitative Research and Derivatives Trader for the Wells Fargo proprietary trading desk, which became Overland Advisors. He started his career as an emerging markets macroeconomist at the World Bank. He holds a PhD in Economics from UC Berkeley. In this podcast, we discuss: How derivative markets changed after the 2008 financial crisis....
Marco Monroy On Carbon Taxes, ESG Investing and Maradona
March 19, 2021 08:43 - 1 hour - 55.3 MBMarco is Founder and CEO of MGM Innova Group, which includes a private equity and green infrastructure fund, and a multinational firm specializing in integrated sustainability and climate change services that facilitate a transition towards a low carbon economy. Prior to that, he worked as an advisor on climate change issues to the Japanese government. In 2002, the World Economic Forum named Mr. Monroy one of the 100 Global Leaders of Tomorrow. In this podcast, we discuss: Will climate chan...
Zac Prince on Earning Interest on Bitcoin, and the Future of Crypto Finance
March 15, 2021 08:48 - 43 minutes - 39.5 MBZac is the CEO and Founder of BlockFi – a leading wealth management firm for crypto investors. Prior to starting BlockFi, he led business development teams at Orchard Platform, a broker dealer and RIA in the online lending sector, and Zibby, an online consumer lender. In this podcast, we discuss: The three use case of crypto – store of value, new commerce, and new payments system. Stablecoins are underappreciated. What is decentralized finance (defi). How you can earn interest on cryp...
James Aitken On Stock Vigilantes, Yield Curve Control and Inflation Paths
March 05, 2021 10:09 - 1 hour - 74.2 MBThis episode is sponsored by Masterworks. James Aitken is the Founder and Managing Partner of Aitken Advisors, a research boutique for institutional investors which he started in 2009. Before that, James worked for UBS, AIG, JPMorgan and Macqaurie. In this podcast, we discuss: The real meaning of macro investing. The market has right tails as well as left tails. How to view recent rates market volatility. Why would Fed do yield curve control? Biden and the finance sector. How to...
Peter Tertzakian on Energy Transitions, Electric Vehicles and Big Oil
February 26, 2021 10:22 - 40 minutes - 40.9 MBPeter is Deputy Director of the ARC Energy Research Institute, a Managing Director of ARC Financial Corporation, an energy-focused private equity firm, and the creator of Energyphile, a multimedia project exploring the past, present and future of our energy circumstance. He is the author of three books, the bestselling A Thousand Barrels a Second, The End of Energy Obesity, and his latest The Investor Visit and Other Stories, which explores disruption, denial and transition in the energy bus...
Ciamac Moallemi On Quant Investing, Machine Learning and Trading Styles
February 19, 2021 09:43 - 54 minutes - 50.7 MBThis episode is sponsored by Masterworks. Ciamac is Professor of Business in the Decision, Risk, and Operations Division of the Graduate School of Business at Columbia University, where he has been since 2007. He also develops quantitative trading strategies at Bourbaki LLC, a quantitative investment advisor. A high school dropout, he received degrees at MIT, Cambridge, and Stanford. In this podcast, we discuss: Types of quant investing – prediction vs risk premia. Why machine learning ...
Jay Pelosky on the Coming Boom, Mega-Tech Weakness and Big Government
February 11, 2021 19:00 - 1 hour - 52.2 MBJay is the founder of TPW Advisory and former top ranked head of asset allocation at Morgan Stanley. In this podcast, we discuss: The implications of a tri-polar world. The biggest boom is underway.. Which asset classes will perform in this new regime. The problem with a 60:40 portfolio. How to play clean energy (ICLN, ECAR) and why old energy (XLE) may still perform. Focusing on core themes: clean energy, innovation, fintech, and cyber. The Biden revolution that everyone is mis...
Christian Hille on Exponential Growth, Avoiding Low Returns, and Errors in Risk Management
February 05, 2021 09:51 - 1 hour - 62.2 MBChristian Hille is the General Manager and Head of Wealth Management at Fürstlich-Castell’sche Bank (FCB) in Germany. FCB was founded in 1774 and is one of the oldest private banks in Germany. Before FCB, Christian was Global Head of Multi Asset & Solutions at DWS- Deutsche Bank’s asset management arm, where he was responsible for EUR100bn in assets. In this podcast, we discuss: Living in exponential times The dramatic change in investment efficient frontiers Why expected investment ret...
Jon Turek on the New Fed Put, the Brainard US Curve Steepener and the Dollar
January 29, 2021 09:05 - 39 minutes - 35.2 MBJon is the author of the widely followed Cheap Convexity blog and always has excellent insights on Fed policy, rates markets and the dollar. In this podcast, we discuss: How to think about the Fed’s new framework. The rates trade that captures this shift – the Brainard steepener! Why a taper tantrum is less likely this time. Why the ECB could be more comfortable with euro strength. How the Georgia senate elections complicated the weak dollar trade. Why precious metals may struggle...
Barry Eichengreen on Dollar Dominance, Crypto Hype, and Reforming International Finance
January 22, 2021 10:37 - 50 minutes - 46 MBThis episode is supported by private equity platform Moonfare. Barry Eichengreen is one of the leading thinkers on international economics and exchanges rates. He is Professor of Economics and Political Science at the University of California, Berkeley. He is a prolific author including most recently The Populist Temptation: Economic Grievance and Political Reaction in the Modern Era (2018) and How Global Currencies Work: Past, Present, and Future (2017). In this podcast, we discuss: Wh...
Eli Dourado on the Key Tech Breakthroughs For the 2020s
January 15, 2021 09:23 - 43 minutes - 40.3 MBEli is an economist and regulatory hacker living in Washington, DC, and a senior research fellow at the Center for Growth and Opportunity at Utah State University. Before that he was head of global policy at Boon supersonic. In this podcast, we discuss: Why we haven’t a replacement for Concorde (yet) How vaccine/mRNA breakthrough can help with HIV and cancers Anti-ageing and blood plasma transfer The problem of energy storage and renewables Breakthroughs in geothermal energy The f...
12 Investment Ideas For 2021 From Our Listeners
January 08, 2021 09:18 - 40 minutes - 38.1 MBHappy new year and welcome to our first podcast of 2021. In this episode, we try something different and have curated the best investment ideas from our listeners. They’re a smart bunch so well worth listening to. Here are the ideas discussed: Buying clean energy (Invesco Wilderhill Clean Energy ET [PBW]) – Rohan Yelvigi (NY) Buying Japan stocks (iShares MSCI Japan ETF [EWJ]) – Peter Repetto (NY) Buying healthcare and financial sector equity volatility – Stephen Howard (HK) Posit...
Michael Auerbach On Launching A Cannabis SPAC With Jay-Z
December 22, 2020 09:14 - 45 minutes - 40.2 MBMichael Auerbach is the Founder of Subversive Capital, which is dedicated to investing in radical companies. He sits on the Board of Directors of Tilray, Inc. – the first Nasdaq-listed global cannabis company – and holds several directorships with companies that Subversive invests in. He also serves as a Senior Vice President at Albright Stonebridge Group, the global consulting firm chaired by former Secretary of State, Madeleine Albright. In this podcast, we discuss: Launching a SPAC (S...
Ashley Lenihan On The Politics Of Cross-Border M&A, CFIUS And Sensitive Sectors
December 18, 2020 09:39 - 56 minutes - 48.4 MBDr Ashley Lenihan is a leading expert on the relationship between foreign direct investment and national security and is the author of ‘Balancing Power without Weapons: State Intervention into Cross-Border M&A’. She is the Head of Policy and Engagement at the British Academy of Management (BAM), a visiting Fellow at the London School of Economic’s Centre for International Studies, and a member of the Council on Foreign Relations. In the podcast, we discuss: Why countries block foreign inves...
Jim Leitner On Growth vs Value, Digital Options And Bitcoin
December 11, 2020 08:59 - 1 hour - 62.5 MBThis episode is supported by private equity platform Moonfare. One of our most popular guests, legendary Jim Leitner, returns on this episode. He gives his take on the big picture themes of the day, how best to implement trades and much more, specifically we discuss: Why the rotation trade from growth to value may not work The importance of looking at the structural trends in undervalued sectors Why today’s tech boom is different from the dot-com mania The problem with 60:40 portfol...
Professor Kevin Dowd On The Problem With MMT, Banking’s Lack Of Capital And Free Markets
December 04, 2020 09:03 - 50 minutes - 43 MBIn this show, I talk with Professor Kevin Dowd. He is professor of finance and economics at Durham University and an adjunct scholar at the Cato Institute. He has written extensively on the history and theory of free banking, central banking, financial regulation, and monetary systems. His books include Private Money: The Path to Monetary Stability, Laissez‐Faire Banking and Alchemists of Loss: How Modern Finance and Government Intervention Crashed the Financial System. In this podcast we di...
Mickey Down And Konrad Kay On Their New HBO Finance Show Industry
November 30, 2020 10:09 - 51 minutes - 52.9 MBThis episode is supported by private equity platform Moonfare. I’m a big fan of the new HBO show Industry. It follows a group of young graduates competing for permanent positions at fictional investment bank, Pierpoint & Co. It’s the most authentic depiction of a trading floor that I have seen on a TV show, so I had to get the creators of the show, Mickey Down and Konrad Kay, on to my podcast show. In this podcast we discuss: Their backgrounds working at investment banks Where they fil...
Professor Yaneer Bar-Yam On Ending COVID, Vaccine Complacency And Business Responsibility
November 27, 2020 09:06 - 51 minutes - 44.1 MBThis episode is supported by private equity platform Moonfare. In this show, I talk with Professor Yaneer Bar-Yam. He is the founding president of the New England Complex Systems Institute and the founder of EndCoronavirus. He received his SB and PhD in physics from MIT in 1978 and 1984 respectively. Since the late 1980s he has contributed to founding the field of complex systems science, introducing fundamental mathematical rigor and real world application, ranging from the global financi...
Dirk Willer On Emerging Markets Rallying, EM Inflation And Latam Challenges
November 21, 2020 12:10 - 57 minutes - 48.1 MBThis episode is supported by private equity platform Moonfare. In this show, I talk with Dr. Dirk Willer. He’s a Managing Director and Global Head of Emerging Markets FX and Fixed Income Strategy at Citigroup in NY. His research covers global emerging markets for FX, local rates, and credit. Dirk and his team have been ranked as the top team in the 2019 institutional investor survey for emerging markets strategy in FX and rates. Previously, Dirk worked at Omega Advisors and RHG Capital as ...
Professor Justin Stebbing On Vaccine Breakthroughs And Herd-Immunity By Summer
November 12, 2020 08:32 - 37 minutes - 34.6 MBThis episode is supported by private equity platform Moonfare. In this show, I talk with Professor Justin Stebbing. I had him as a guest in July when he argued that we could see a COVID vaccine around US election time. He was right and so I wanted to get his latest views. For background, Justin is a professor in the Faculty of Medicine at Imperial college London. He specializes in cancers and immunotherapies. He has an extensive research background having published over 550 peer-reviewed p...
Gary Gerstle On Trump Not Conceding, Democrat Failures And The Upcoming Test Of The US Political System
November 07, 2020 10:57 - 59 minutes - 61.8 MBThe US election did not see the Democrat wave that many had expected, so I have US Presidential history expert of Cambridge University, Gary Gerstle, return to our podcast show. He gives his take on all things US elections and beyond. In this podcast we discuss: The parallel Presidencies of 1876 The current risks of unrest if the results are not certified soon What pollsters missed Were the Democrats too left or not left enough? How will Biden manage the left and a Republican Senate...
Michael Melvin On Quant Strategies In Currencies, Impact Of QE And Machine Learning
October 30, 2020 09:53 - 1 hour - 51.1 MBMichael was Managing Director and Senior Research Advisor in Multi-Asset Strategies at BlackRock. Prior to that he was head of Currency and Fixed Income Research in the Global Market Strategies Group at BlackRock and Barclays Global Investors. Michael is currently Executive Director of the Master of Finance program and also serves as Executive Director of the Pacific Center for Asset Management at UC San Diego. He has been a visiting scholar at the Federal Reserve Board, the International Mo...
John Kay On Smaller Government And Business Failure, And Why Greed Is Dead
October 21, 2020 15:21 - 44 minutes - 45.3 MBJohn Kay is one of the UK’s leading economists. His books on the tax system, corporate strategy and banking have been widely praised. He helped establish the Institute of Fiscal Studies, is a fellow at St. Johns College Oxford, and was the first dean of Oxford’s Saïd Business School. In this podcast we discuss: The importance of science for policymakers and why they do not use it more The problem with the focus on short-term earnings Why people are pro-social rather than individualistic...
Gary Gerstle On Trump Authoritarianism, Biden’s Challenges, And Polarisation
October 17, 2020 09:02 - 49 minutes - 50.2 MBGary is Paul Mellon Professor of American History at Cambridge University. Before that, he was at Vanderbilt University where he was James G. Stahlman Professor of American History. He is a social and political historian of the twentieth century, with substantial interests in the late eighteenth and nineteenth centuries. He got his PhD from Harvard University. He has also testified before the US Congress on immigration matters. In this podcast we discuss: How Trump deviates from Republican ...
Corey Hoffstein On How The Fed, Passive Investors And HFT Create Liquidity Cascades
October 13, 2020 09:42 - 1 hour - 70.4 MBCorey recently wrote an excellent piece on market liquidity and I had to have him as a guest. For background, he is co-founder and Chief Investment Officer of Newfound Research, a quantitative tactical asset management firm. At Newfound, he is responsible for portfolio management, investment research, strategy development, and communication of the firm's views to clients. He holds a Master of Science in Computational Finance from Carnegie Mellon University. In this podcast we discuss: How c...
Helen Thompson On Brexit Deals, Boris Leadership And Scottish Independence
October 09, 2020 11:48 - 58 minutes - 55.6 MBHelen is Professor of Political Economy at Cambridge University. She has been at Cambridge since 1994, and is at present, Deputy Head of the School of the Humanities and Social Sciences. She is a regular panelist on the excellent podcast show Talking Politics. She has recently been focusing on the political economy of oil, Brexit and the euro zone crisis. In this podcast we discuss: The current state-of-play in Brexit talks How state aid issues have become more importance since COVID Th...
Vitor Constancio On ECB Inflation Targeting, Monetary Policy Limits And Europe Risks
October 02, 2020 12:33 - 1 hour - 59 MBVitor was the Vice President of the ECB until a few years ago. And before that held numerous high-profile roles including being Portugal’s finance minister, the central bank governor of Portugal and negotiating the entry of Portugal into the EEC – the forerunner to the EU. Vitor is currently President of the Council of ISEG at the University of Lisbon and a Professor at the Navarra University in Madrid.. In this podcast we discuss: The evolution of monetary policy since the 1970s Is there...
Charlie McElligott On Everything Duration, Secular Growth Trades And US Elections
September 25, 2020 15:41 - 1 hour - 59.7 MBCharlie McElligott is the leading experts on all things positioning, flow, sentiment and quant factors. He is a Managing Director and Cross-Asset Macro Strategist for the Global Markets Americas business at Nomura Securities International, with more than 15 years’ experience in macro markets. Prior to joining Nomura, Charlie was Head of US Cross-Asset Macro Strategy at RBC Capital Markets. Before that, he spent eight years at UBS. In this podcast we discuss: Understanding the impact of low ...
Michael Pettis On China Exporting Of Debt, Class War And Role Of Chinese Yuan
September 18, 2020 15:09 - 52 minutes - 40.8 MBMichael Pettis is someone who I have followed closely over my career and he is one of the most widely followed China experts in the investor community. He is currently based in Beijing and is Professor of Finance at Guanghua School of Management at Peking University and is the co-author of the recently published book “Trade Wars Are Class Wars”. In this podcast we discuss: How economists don’t understand debt Understanding when high savings rates work for countries How advanced econom...
Lyn Alden On Tesla, Finding Quality Stocks And The Impact Of High Debt
September 11, 2020 17:59 - 36 minutes - 35.3 MBI’m always on the lookout for podcast guests with unconventional backgrounds, and on this episode, we have one such guest, Lyn Alden. Lyn has an academic background in engineering and currently works at an aviation simulation facility. But on top of her day job, she has developed a widely followed framework for investing in markets. Her approach is value with a global macro overlay and she’s been doing this research for over fifteen years. I learnt a lot in our conversation, and I’m sure you...
Professor Laura Veldkamp On How the COVID Shock Will Lower Growth For Decades
September 04, 2020 19:43 - 41 minutes - 35.9 MBIn this episode, I talk with Professor Laura Veldkamp. Laura presented one of the key papers at the Federal Reserve’s 2020 gathering at Jackson Hole. Her paper co-authored with Julian Kozlowski and Venky Venkateswaran on 'Scarring Body and Mind: The Long Term Belief Scarring Effects of COVID-19' will likely be viewed as a seminal paper in years to come. Laura is a Professor of Finance at Columbia University's Graduate School of Business and a co-editor of the Journal of Economic Theory. She’...
Laura Veldkamp On How COVID Belief Scarring Will Lower Growth For Decades
September 04, 2020 19:43 - 41 minutes - 35.9 MBIn this episode, I talk with Professor Laura Veldkamp. Laura presented one of the key papers at the Federal Reserve’s 2020 gathering at Jackson Hole. Her paper co-authored with Julian Kozlowski and Venky Venkateswaran on 'Scarring Body and Mind: The Long Term Belief Scarring Effects of COVID-19' will likely be viewed as a seminal paper in years to come. Laura is a Professor of Finance at Columbia University's Graduate School of Business and a co-editor of the Journal of Economic Theory. She’...
David Beckworth On The Problems With The Fed And How To Fix It
August 28, 2020 13:06 - 44 minutes - 39.4 MBIn this episode, I talk with David Beckworth. David is the host of one of my favourite economics podcasts, Macro Musings. He is also a Senior Research Fellow at the Mercatus Center at George Mason University and a former international economist at the US Treasury. He is the author of Boom and Bust Banking: The Causes and Cures of the Great Recession. His research focuses on monetary policy, and he has advised congressional staffers on policy. In this podcast we discuss: 1. What did the Fed...