Telis Demos

speaker

1,116 appearances 8 recordings 1 series first heard Jul 2026 last heard 20 Sep

Telis Demos’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 8 in all, peaking in Aug 2026 with 4.

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WSJ's Take On the Week · How This $150B+ Wall Street Strategy Could Lower Your Taxes · 19 Jul 2026 podcast

Well, she got your number.

It's more than that.

More than $150 billion of money.

So real big money here.

I assume that requires a lot of borrowing.

And so somebody is doing a lot of lending.

Who's doing this lending?

Where are people getting the cash that they're borrowing against their portfolios to do this?

So two forms of lending.

So this I mean, this this sounds, you know, I know that a margin loan isn't isn't super cheap.

You know, people compete.

So the rates are fairly low, but it's not super cheap.

What are the economics of this?

Well, and one thing I was I was getting at a little bit with this is, you know, I've written about many people have noticed that margin borrowing in the United States is is kind of a record level right it's it's around 1.4 trillion in the most recent numbers collected by FINRA.

And

you know, as we've talked a lot about on this show, you know, there's there's a lot of financing activity happening in our economy, like banks are doing tons of things through their prime brokerage businesses and trading desks.

Is this kind of a one of the drivers of that?

Like, is that where all of this like borrowing and lending is going is into these strategies?

Now, is this the kind of leverage that either as a borrower you need to be worried about or systemically that we need to be worried about?

Because you mentioned, you know, you borrowed, for example, on the security side, you borrow the security, but you put it right.

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