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Odd Lots

#162
Language: en-US News Business
Last Checked: 2025-04-29 20:51:31

What We Learned About Treasuries on the Night of April 8

Mon, 28 Apr 2025

When stocks are plunging in a typical market environment, people reach for safe haven assets like US...

Lots More on How TikTok Options Traders Got Quiet

Sat, 26 Apr 2025

Over the last few years, retail traders have gotten into options in a major way. Selling puts, buyin...

Anna Wong: Empty Shelves Are Coming Soon

Fri, 25 Apr 2025

If you look at most of the official hard data right now, there still isn't much evidence of a sharp ...

David Woo: What Trump Started is Worse Than a Trade War

Thu, 24 Apr 2025

For the most part, Americans haven't felt much pain yet from the tariffs that Donald Trump introduce...

Big Take: What a Bacon, Egg and Cheese Teaches Us About the Economy

Wed, 23 Apr 2025

When it comes to measuring economic pain, the cost of a humble breakfast sandwich might not be top o...

This Is What President Biden's CHIPS Office Actually Did

Wed, 23 Apr 2025

One of the stated goals for the current trade war is to build more industrial capacity in the United...

Martin Wolf on Trump's Shakeup of the Global Order

Mon, 21 Apr 2025

Martin Wolf has been called one of the world's most important economics commentators, and has for de...

Here's Why Uncertainty Is An Economic Killer

Sun, 20 Apr 2025

Here's Why is Bloomberg’s short explainer podcast, where we take one big news story and break ...

Why the Pentagon Fails Audits Year After Year After Year

Sat, 19 Apr 2025

Last year, it was announced that the US Department of Defense had failed an audit for its seventh st...

Mitu Gulati on Whether Trump Could Restructure US Debt

Fri, 18 Apr 2025

US Treasuries are the most important market in the world. With some $29 trillion outstanding, they c...

Is This the End of the US Exceptionalism Trade?

Thu, 17 Apr 2025

For years and years now, there has been one winning trade: Go long the US versus the rest of the wor...

Javier Blas on China's Rare Earths Dominance

Tue, 15 Apr 2025

Every time there is tension between the US and China, there are stories about China threatening to w...

What an American Stove Maker Wants You to Know About US Manufacturing

Mon, 14 Apr 2025

One of the ironies of the tariffs is that, while ostensibly the goal is to reshore US manufacturing,...

Introducing: Stock Movers

Sun, 13 Apr 2025

Check out the new Stock Movers Podcast from Bloomberg. Subscribe for five-minute episodes on today's...

Jim Chanos on Who's Getting Caught Swimming Naked

Sat, 12 Apr 2025

In a big bull market, people will overlook a lot. They'll suspend their disbelief. They'll buy into ...

Lots More on Why Neil Dutta Is Sticking With His Recession Call

Fri, 11 Apr 2025

On Wednesday, President Trump put a 90-day pause on reciprocal tariffs for every country except Chin...

Rob Kaplan on How the Fed Will Think about the Tariffs

Thu, 10 Apr 2025

On Wednesday, Trump pulled back from the brink on most of the reciprocal tariffs announced on April ...

Viktor Shvets on Trump's Historical, Revolutionary Moves

Wed, 09 Apr 2025

How should we make sense of the Trump tariffs? They've been terrible for the stock market, obviously...

What Tariffs Are Doing to North American Freight

Tue, 08 Apr 2025

Amidst Trump's dramatic tariff moves, trade in North America remains uncertain. The USMCA hasn't bee...

What Trump's Tariffs Are Already Doing to World Trade

Mon, 07 Apr 2025

It was just last Wednesday that President Trump announced his new tariff schedule with the rest of t...

Tether's CEO Speaks on His Insanely Profitable Business

Mon, 07 Apr 2025

Anything crypto-related is frequently greeted with a high degree of skepticism. Within that, one of ...

Brad Setser on the Damage From Trump's Gigantic Tariff Shock

Sat, 05 Apr 2025

He needs no introduction: When trade is in the news, we speak with Brad Setser of the Council on For...

Lots More on a Massive, Historical, Stagflationary Shock

Fri, 04 Apr 2025

On Wednesday, President Trump unveiled sweeping tariffs against almost every country in the world. T...

Tim Geithner on How to Fight the Next Financial Crisis

Thu, 03 Apr 2025

The 2008 financial crisis is fading into history, but the risks of something big happening again rem...

The Growing Risk to Fed Independence That Wall St Isn't Watching

Tue, 01 Apr 2025

Last month, Donald Trump fired the Federal Trade Commission's two Democratic commissioners. They hav...

Nick Denton's Big Bet Against the United States

Mon, 31 Mar 2025

Legendary media mogul Nick Denton, the founder of Gawker, is done with the US. He’s leaving Ne...

The Last Time Investors Really Got Excited For Tech Infrastructure

Fri, 28 Mar 2025

One of the biggest questions hanging over the market right now is whether or not the seemingly unlim...

Why Brad Jacobs Is Spending $11 Billion on a Roofing Supply Business

Thu, 27 Mar 2025

Brad Jacobs has made a fortune in his career buying and building big logistics companies, like Unite...

Jim Millstein on the Massive Risks of Any 'Mar-a-Lago Accord'

Mon, 24 Mar 2025

President Trump wants higher tariffs, and he also wants more industrial production in the United Sta...

Lots More With Charlie McElligott on the Sharp, Strange Selloff

Fri, 21 Mar 2025

Last week, the US market sold off sharply. The S&P 500 fell as much as 3.6% on Monday alone, ent...

The Great Jones Act Debate

Thu, 20 Mar 2025

We finally did it. We finally did an episode on the Jones Act. For years on the podcast, we've been ...

FTC Chief Andrew Ferguson on the Trump Vision for Antitrust

Mon, 17 Mar 2025

When Donald Trump won in November, one of the things that Wall Street was excited about was an expec...

The Original Prediction Market Was Betting on the Pope

Fri, 14 Mar 2025

Prediction markets are everywhere nowadays. You can go online and bet on political outcomes, or the ...

Is There an Extremely Simple Fix for Affordable Housing?

Thu, 13 Mar 2025

Housing affordability remains one of the single greatest sources of economic stress. Even if inflati...

Cathie Wood on What Comes Next in AI and Big Tech

Tue, 11 Mar 2025

Markets have been selling off, with shares of tech companies like Nvidia down almost 20% so far this...

Here Comes the Booming Chinese Biotech Sector

Mon, 10 Mar 2025

You’ve heard about Chinese EVs. You’ve heard about Chinese batteries and solar panels. A...

Trump's NIH Cuts Send Shockwaves Through the Science World

Sat, 08 Mar 2025

One of the first moves made by the Trump administration was to change the nature of grants made by t...

We Just Saw Europe's Biggest Week in Decades

Fri, 07 Mar 2025

This week was a busy one and some of the most interesting things that happened came out of Europe, w...

Eugene Fama and David Booth on the Birth of Modern Finance

Thu, 06 Mar 2025

The 1970s were a pretty eventful time in markets. There was high inflation, the end of the gold stan...

Ray Dalio on the Coming Crisis in US Debt

Mon, 03 Mar 2025

Almost whichever way you measure it, the US has a lot of debt. And, with the Trump administration re...

Lots More on the Growing Risks to the US Labor Market

Fri, 28 Feb 2025

A week from today we will get the February jobs report and there are growing concerns that the US la...

Goldman's Jared Cohen and George Lee on the Unprecedented Shocks in Geopolitics

Thu, 27 Feb 2025

The first month of the Trump administration has been noisy and novel by basically any measure. But p...

Jim Bianco on What a 'Mar-a-Lago Accord' Could Mean for the Economy

Tue, 25 Feb 2025

The so-called “Mar-a-Lago Accord” has suddenly become a hot topic on Wall Street, with s...

Here's What It Takes to Make a Great Company

Mon, 24 Feb 2025

People love listening to stories about making it big, and there are no shortage of success stories i...

How Banks Turned Into Giant Synthetic Hedge Funds

Fri, 21 Feb 2025

Hedge funds are notorious for making big and sometimes risky trades. Banks, meanwhile, are supposed ...

The Plan to Get America Building Big Ships Again

Thu, 20 Feb 2025

The US is a dominant force in a number of important industries, but it's been lagging behind in one ...

This Is How Derivatives Trading Swallowed the Entire Market

Mon, 17 Feb 2025

For a long time, the world of derivatives trading was a niche thing, largely occupied by professiona...

This Is Why People Are So in Love With Gold

Fri, 14 Feb 2025

The price of gold is basically at record highs. But what is it about gold that people love so much? ...

How the Fed Distributes Billions of Dollars in Cash

Thu, 13 Feb 2025

We all know that the Federal Reserve tries to stabilize the economy by raising or cutting interest r...

This Is Why It's So Hard To Cut Public Spending

Mon, 10 Feb 2025

The Trump administration has come into office with big ambitions to lower the size of the US deficit...

Philip Lane on the Big Problems Facing the Euro-zone Economy

Fri, 07 Feb 2025

There's a pretty widespread recognition that the EU is facing a bunch of economic challenges right n...

This Is Palantir's Vision for Changing How the US Does Defense Spending

Thu, 06 Feb 2025

This week, we saw shares of software maker Palantir soar after reporting earnings and describing dem...

The Treasury Payment System Elon Musk Now Has Access To

Wed, 05 Feb 2025

Elon Musk and his Department of Government Efficiency (DOGE) have gained access to a unit within the...

The Tariff Announcement That Shocked Financial Markets

Mon, 03 Feb 2025

Over the weekend, President Trump announced that he was following through with his plan for aggressi...

Marko Kolanovic Is Back With a Warning for Stocks

Mon, 03 Feb 2025

Marko Kolanovic was one of the biggest names in markets, earning the nickname 'Gandalf' for some eer...

Lots More with Matt Levine on MicroStrategy's Infinite Money Machine

Fri, 31 Jan 2025

Everyone knows by now that MicroStrategy looks a lot like a giant Bitcoin ETF. Its founder, Michael ...

Get Ready For Another Shock to Housing Affordability

Thu, 30 Jan 2025

One of the primary drivers of elevated inflation — and the high cost of living in general &mda...

The AI Model That Tanked the Stock Market

Tue, 28 Jan 2025

On Monday, the stock market tanked, seemingly in reaction to the emergence of DeepSeek, an open sour...

How Oaktree's Howard Marks Spots a Market Bubble

Mon, 27 Jan 2025

The run-up in Big Tech stocks and all the hype over AI has put a bunch of investors on "bubble watch...

Why the Stock Market Might Be at Peak Concentration Risk

Fri, 24 Jan 2025

There's a lot of talk right now about concentration risk in US equities. For instance, the top 10 st...

How Companies Are Actually Spending Money on AI Now

Thu, 23 Jan 2025

In theory, all of this AI spending has to deliver some kind of return. Companies (or other end users...

Introducing: Trumponomics

Wed, 22 Jan 2025

Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the tabl...

This Is What the Crypto Industry Actually Wants From Trump

Mon, 20 Jan 2025

We all know that the new Trump administration is likely to be more friendly to the crypto industry t...

Lots More with Lev Menand on the Eurodollar Market Now

Fri, 17 Jan 2025

Odd Lots has been exploring the history of the eurodollar market in a special three-part series host...

The Hidden History of Eurodollars, Part 3: Spinning Out of Control

Thu, 16 Jan 2025

In this special three-part series, Odd Lots is exploring the history of the eurodollar market. By th...

The Hidden History of Eurodollars, Part 2: Defending the Dollar System

Wed, 15 Jan 2025

In this special three-part series, Odd Lots is exploring the history of the eurodollar market. As we...

The Hidden History of Eurodollars, Part 1: Cold War Origins

Tue, 14 Jan 2025

At more than $10 trillion outstanding, the eurodollar market is one of the biggest forms of shadow b...

Why Government Hiring Is So Inefficient

Mon, 13 Jan 2025

Regardless of your political ideology, it's easy to agree that government should work well; that it ...

Evolving Money: A Faster, Cheaper Way to Pay (Sponsored Content)

Sun, 12 Jan 2025

In the 1950s, a businessman, looking for a new way to settle his lunch tab, sparked a payments revol...

Lots More on the Global Selloff in Government Bonds

Fri, 10 Jan 2025

One of the biggest stories in markets right now is the huge selloff in government bonds. And we're n...

This Is How Electricity Rates Are Actually Set

Thu, 09 Jan 2025

Utilities in the US have a couple big jobs to do. On the one hand, they need to deliver affordable a...

What It Felt Like When Everyone Was Hopeful, Happy, and Rich

Mon, 06 Jan 2025

If you look at various surveys, Americans feel grim about the state of the economy. But even outside...

This Is How China Builds So Much Nuclear Power

Fri, 03 Jan 2025

In the US right now, there is a lot of talk about a so-called "nuclear revival." But it remains to b...

The Odd Lots AMA Episode: Tracy and Joe Answer Listener Questions

Thu, 02 Jan 2025

As is becoming something of an annual tradition here, we recently asked Odd Lots listeners to send i...

The 10 Most Interesting Things We Learned on Odd Lots in 2024

Mon, 30 Dec 2024

As 2024 comes to an end, Tracy and Joe once again look back at the year that was in Odd Lots. On thi...

Odd Lots Talks Beak Capitalism on Money Stuff Talking Chicken

Fri, 27 Dec 2024

Back in November, we released our series called Beak Capitalism, which took a look at the entire US ...

Jennifer Granholm on What Will Survive of Biden's Energy Legacy

Thu, 26 Dec 2024

The Biden administration made energy and climate a centerpiece of its administration, most notably t...

San Francisco Fed President Mary Daly Explains the 'Hawkish Cut'

Mon, 23 Dec 2024

Last week, the Federal Reserve cut benchmark rates by 25 basis points, but simultaneously signaled a...

Jim Caron on the Market Selloff and the Fed's Historic Adjustment

Fri, 20 Dec 2024

On Wednesday, the Federal Reserve cut interest rates by 25 basis points as expected. But it also rai...

Nina Achadjian on What It Takes to Win in VC Right Now

Thu, 19 Dec 2024

The world of startup investing has undergone massive transformations amid the AI boom, changing capi...

This Stove Company Wants to Change How the World Uses Energy

Mon, 16 Dec 2024

One of the minor culture wars in America has to do with electric stoves. To some, they're more energ...

Tim Latimer on Solving the Financing Problem for Geothermal

Fri, 13 Dec 2024

Geothermal is a promising technology to provide clean, low-cost, baseload power to the electricity g...

Why You Can't Get a One-Click Mortgage Refi

Thu, 12 Dec 2024

You can do a lot of things with the click of a button nowadays. You can get insurance, open a bank a...

How the Hedge Fund Magnetar Is Financing the AI Boom

Mon, 09 Dec 2024

AI software and the hardware that enables it have been hugely popular investments this year. But the...

Ethan Kurzweil on Venture Investing in the Post-ZIRP, AI Era

Fri, 06 Dec 2024

In the 2010s, we saw an incredible boom in the venture capital space, fueled in part by cheap capita...

Nouriel Roubini's Vision for a New Safe Haven Asset

Thu, 05 Dec 2024

For years, investors have relied on the classic 60/40 portfolio of stocks and bonds. The idea behind...

Goldman's Hatzius and Kostin on Markets and Macro in 2025

Mon, 02 Dec 2024

It's trite to say that there is a high degree of uncertainty right now, for macro forecasters and in...

Lots More on the Coming 20-Year Storm with Viktor Shvets

Fri, 29 Nov 2024

The election of Donald Trump, with his promise of more tariffs and a much tighter stance on immigrat...

How Oaktree's Head of Sourcing Finds the Next Great Deal

Thu, 28 Nov 2024

When it comes to credit investing (or really any investing), there's an analytic art in deciding the...

Inside the Blood Sport of Creditor-on-Creditor Violence

Mon, 25 Nov 2024

In the Zirp era of the mid-2010s, credit markets were booming and investors were clamoring for anyth...

The Harvard Endowment Is on the Verge of Losing Its Crown

Fri, 22 Nov 2024

For years, the Harvard Endowment has easily been the largest endowment of any university. But as of ...

Odd Arne Westad on how China First Joined the Global Capitalist Economy

Thu, 21 Nov 2024

How did China become the economic behemoth that it is today? One pivotal moment was, obviously, it's...

How Fraudsters Are Bilking the Government Out of Billions of Dollars

Mon, 18 Nov 2024

After his victory, Donald Trump announced that Elon Musk and Vivek Ramaswamy would be leading up a n...

Beak Capitalism, Part 3: Un-Clucking the System

Sun, 17 Nov 2024

In the final episode of our special three-part series exploring the US economy through the chicken i...

Beak Capitalism, Part 2: The Chickenization of Everything

Sat, 16 Nov 2024

The Odd Lots team is analyzing the US economy through the lens of chicken. In this second episode of...

Beak Capitalism, Part 1: Chickflation

Fri, 15 Nov 2024

Everybody loves chicken. And, it turns out, that this humble bird can tell us quite a lot about the ...

Richard Clarida on This Tricky Moment for the Federal Reserve

Thu, 14 Nov 2024

Last week the Federal Reserve opted to cut interest rates by 25 basis points, which was what the mar...

Introducing: Beak Capitalism, presented by Odd Lots

Wed, 13 Nov 2024

In this limited series, Odd Lots explains some of the thorniest issues facing the US economy through...

Can You Ever Actually De-Risk The Banking System?

Mon, 11 Nov 2024

Over the last roughly 15 years, we've seen a migration of certain types of risks outside of regulate...

Max Read on how the Internet Got Infested With Garbage

Fri, 08 Nov 2024

There was a a point in time when Twitter used to be good for breaking news. Social media outlets lik...

Harley Bassman on Trump, the Fed, and the Bond Market

Thu, 07 Nov 2024

The US election is over and Donald Trump has won a second term as president. Stocks have rallied on ...

Odd Lots Live: What to Watch on Election Night and Beyond

Tue, 05 Nov 2024

It's Election Day in the US, so there's no need for any real explanation of what's at stake. Last ni...

Listen Now: US Election Coverage on Bloomberg Podcasts

Mon, 04 Nov 2024

Be in the know this election with Bloomberg Podcasts. Follow Bloomberg News Now for up-to-the minute...

Ezra Klein On the Legacy of Bidenomics

Mon, 04 Nov 2024

The Biden administration has overseen a revival of so-called industrial policy in a way that we have...

What the Nuclear Power Revival Means for the Price of Uranium

Fri, 01 Nov 2024

There's something of a uranium cult out there: the investors and traders who believe that nuclear is...

Big Take Asia: The US Pledged to Contain China’s Tech Ambitions. It’s Not Working.

Fri, 01 Nov 2024

China is making steady progress in its quest to dominate key industries of the future, despite years...

Years of Restrictions Didn't Slow China's Quest for Tech Dominance

Thu, 31 Oct 2024

In 2015, China identified several key industries of the future for which it aimed to compete at the ...

Why Home Insurance in Florida Is a Mess

Mon, 28 Oct 2024

Florida has been struck by two big hurricanes this year, setting off a wave of damage and, of course...

Listen Now: The Deal with Alex Rodriguez and Jason Kelly

Sun, 27 Oct 2024

When sports, business and culture collide, there’s often a deal to be made. Join Alex Rodriguez an...

Lots More on the Ongoing Mess That Is Boeing

Fri, 25 Oct 2024

Shares of Boeing, America's biggest aerospace manufacturer, have plummeted 40% so far this year. The...

How Banks and Private Credit Became the Best of Frenemies

Thu, 24 Oct 2024

By now, everyone knows that private credit is a hot market. What's less known is that banks want in ...

Why Mortgage Rates Went Up After the Fed's Big Cut

Mon, 21 Oct 2024

On September 18, the Federal Reserve kicked off the cutting cycle by reducing overnight rates by 50 ...

Meb Faber on the Big Bear Market in Diversification and Tactical Allocation

Fri, 18 Oct 2024

For decades, investors have been told that diversifying is a good thing. You should hold a basket of...

Richard Koo and Zichen Wang on What Just Happened in China

Thu, 17 Oct 2024

In September, Chinese policymakers shocked the markets by unveiling a set of stimulus measures desig...

Apollo Explains How Big Tech Is Disrupting Credit Markets

Mon, 14 Oct 2024

Big tech stocks have had an enormous impact on the stock market, with Magnificent 7 companies like A...

The ROI Rules of AI: Sirion's Legal AI (Sponsored Content)

Sun, 13 Oct 2024

What if your contracts could be a roadmap to running your business – the first step in managing yo...

Austan Goolsbee on How This Cycle Turned Out To Be So Different

Fri, 11 Oct 2024

In 2022 and 2023, the Federal Reserve basically had one focus: defeating inflation. That's now chang...

The Ultra-Rich Are Building a Separate World Here on Earth

Thu, 10 Oct 2024

In recent years, we've seen the emergence of cities whose main industry is that they're a great plac...

The Math That Explains How Multi-Strategy Hedge Funds Make Money

Mon, 07 Oct 2024

Multi-strategy hedge funds are still all the rage on Wall Street, but what does it actually mean to ...

Lots More on the Ongoing Mess That Is Intel

Fri, 04 Oct 2024

The US is in the midst of a big effort to bring more semiconductor manufacturing onshore. Intel is t...

The Big Tax Hike Coming in Just Over a Year

Thu, 03 Oct 2024

In 2017, Congress passed the Tax Cuts and Jobs Act, which may be better known as the Trump tax cuts....

Jigar Shah on the Three Big Things Driving the Nuclear Energy Revival

Mon, 30 Sep 2024

Earlier this month, we got the surprising headline that the shuttered nuclear reactor at Three Mile ...

Lots More on Potentially Massive East Coast Port Strikes

Fri, 27 Sep 2024

Look out. Supply chains are back in the news. As soon as next week, workers at all of the ports on t...

This Is How Industrial Policy Can Go Bad

Thu, 26 Sep 2024

Right now, industrial policy is back in vogue in the US. The administration is making an effort at r...

Ariel Investments' John Rogers on How You Can Still Win With Value Investing

Mon, 23 Sep 2024

These days if you talk to people about the stock market, they might talk to you about the effect of ...

Lots More With Sam Ro on the Booming World of RIAs

Fri, 20 Sep 2024

The Future Proof Festival takes place right on the beach in Huntington Beach, California. Thousands ...

The Next Stage of the Credit Cycle with Oaktree’s Poli

Thu, 19 Sep 2024

This week, the Fed cut benchmark rates by 50 basis points. Lower financing costs should be a relief ...

Pimco CIO Dan Ivascyn on the Biggest Fed Decision in Years

Wed, 18 Sep 2024

It’s Fed Day, and while everyone expects the central bank to cut benchmark interest rates, the key...

How Josh Brown Created A Financial Media Empire

Mon, 16 Sep 2024

15 years ago was a pivotal moment for financial media. On the one hand, we were in the midst of a hu...

Security, Bookmarked: Finance (Sponsored Content)

Sun, 15 Sep 2024

Financial institutions have been a leading target for cyber crime since the dawn of the internet. Bu...

Lots More With Isabella Weber on Draghi's EU Competitiveness Report

Fri, 13 Sep 2024

This week, former European Central Bank President and Italian Prime Minister Mario Draghi published ...

Adam Tooze on the Big Misconceptions of the Chinese Economy

Thu, 12 Sep 2024

One of the big buzzwords over the last year or so has been "overcapacity." There's a constant line o...

US Trade Rep Katherine Tai Describes the New Era of Globalization

Mon, 09 Sep 2024

One of the rare areas of bipartisan consensus in the US right now, is on the need to change our trad...

The Booming Crypto Use Case That's Happening Right Now

Fri, 06 Sep 2024

Pretty much since the moment that cryptocurrencies came into existence, there's been a chorus of ske...

How Hedge Funds Discover the Next Superstar Trader

Thu, 05 Sep 2024

One of the problems in investing or trading is that — to use a common disclaimer — past results ...

The Black Hole of Private Credit That's Swallowing the Economy

Mon, 02 Sep 2024

There's been a lot of talk about private credit in recent years. The market has exploded in size, an...

Adam Posen on the Dangers of Jerome Powell's 'Rifle Shot' Jackson Hole Speech

Fri, 30 Aug 2024

Last week at Jackson Hole, Federal Reserve Chair Jerome Powell delivered a short and powerful speech...

Hyun Song Shin on How Big the Yen Carry Trade Really Is

Thu, 29 Aug 2024

Remember August 5th? That was the day that markets around the world plunged in historic fashion and ...

A New Way for the Fed to Fight a Market Crisis

Wed, 28 Aug 2024

When the Treasury market broke in March 2020, the Federal Reserve intervened in extraordinary fashio...

This Is What The Rate Cut Cycle Could Look Like

Tue, 27 Aug 2024

At Jackson Hole, Fed Chairman Jerome Powell gave a clear signal that the rate cut cycle is likely to...

What It’s Like to Be a Fed President at Jackson Hole

Mon, 26 Aug 2024

This year’s Economic Symposium in Jackson Hole, Wyoming marked a big change for US monetary policy...

Lots More on What We Just Learned at Jackson Hole

Fri, 23 Aug 2024

Every year, the Federal Reserve Bank of Kansas City hosts an economic symposium in Jackson Hole, Wyo...

The Hottest Way for Banks to Get Risk Off Their Balance Sheets

Thu, 22 Aug 2024

Synthetic risk transfers, in which banks purchase insurance-like protection on some of their loans, ...

Nate Silver and Maria Konnikova on the Art of Election Betting

Mon, 19 Aug 2024

Political prediction markets — where traders can make bets on election outcomes — have been arou...

Lots More With Claudia Sahm on What the Sahm Rule Is Saying Now

Fri, 16 Aug 2024

The Federal Reserve appears to be ready to pivot into rate cutting mode. Inflation has come down sig...

How the White House Thinks About Economic Security

Thu, 15 Aug 2024

The past few years have thrown up a number of potential weaknesses in the American economy. There've...

How the US Treasury Will Fund the Next $20 Trillion in Debt

Mon, 12 Aug 2024

When it comes to financing the US government's borrowing needs, the Treasury Department has some dis...

How a Traditional Toymaker Is Going Big on Digital Games

Fri, 09 Aug 2024

Hasbro has been making toys for decades, including many classic favorites like G.I. Joe and My Littl...

Goldman Sachs CIO on How the Bank Is Actually Using AI

Thu, 08 Aug 2024

There's a lot of hype around generative AI and many people have interfaced with ChatGPT, Claude, or ...

Lots More on Solving the Mystery of the Big Market Selloff

Tue, 06 Aug 2024

The S&P 500 has plunged more than 5% over the past couple of trading days. The Nasdaq 100 is dow...

Matt King on the Hidden Forces Driving the Market Selloff

Mon, 05 Aug 2024

The Nasdaq is now in correction territory and the S&P 500 is down more than 2% so far this month...

Lots More: Did the Fed Just Make a Policy Mistake?

Fri, 02 Aug 2024

This week, the Federal Reserve opted to keep interest rates unchanged while suggesting that it could...

Two Veteran Chip Builders Have a Plan to Take On Nvidia

Thu, 01 Aug 2024

When it comes to chips for artificial intelligence, obviously the name that automatically comes to m...

Zyns, Vapes and the Very Weird Market for New Nicotine Products

Mon, 29 Jul 2024

Vapes like Elf bars seem to be everywhere now. Meanwhile, Zyn nicotine pouches have become a huge se...

A Top Miami Broker on the Booming Market for Ultra-Luxury Homes

Fri, 26 Jul 2024

We've all seen headlines about the multi-million dollar properties being sold in Miami. Right now, t...

How the Hottest Hedge Funds on Wall Street Really Manage Risk

Thu, 25 Jul 2024

Multi-strategy hedge funds, also known as "pod shops," have become the hottest ticket on Wall Street...

The US and China Are in an All Out Race For AI Domination

Mon, 22 Jul 2024

There are several sources of tension right now between the US and China. Pure trade anxiety is a big...

Lots More on JD Vance and the Future of the US Dollar

Fri, 19 Jul 2024

When people talk about the special role that the US dollar plays in the global economy, that's often...

A Guggenheim Executive's Radical Plan to Build Millions of New Homes

Thu, 18 Jul 2024

According to numerous estimates, the US is massively short of housing. Zillow, for instance, says Am...

Stephen Roach Warns of Disaster From Our 'Sinophobic' China Policy

Mon, 15 Jul 2024

One of the rare areas of bipartisan consensus in the US right now is taking a tough line on China. W...

James van Geelen on Thematic Investing Right Now

Fri, 12 Jul 2024

James van Geelen, founder of Citrini Research, scored big when he made his weight loss drug-related ...

Joseph Stiglitz on How to Build Shock-Proof Supply Chains

Thu, 11 Jul 2024

Joseph Stiglitz is a Nobel Prize-winning economist known for his groundbreaking work on information ...

MMT's Godfather Says the US Government Is Spending Like a Drunken Sailor

Mon, 08 Jul 2024

Modern Monetary Theory has gained prominence over the last several years by offering an alternative ...

Lots More With Stinson Dean on Crashing Lumber Prices

Fri, 05 Jul 2024

Lumber prices have tumbled dramatically in recent weeks, with benchmark futures falling about 20% in...

How Brazil Gave Birth to One of the World's Greatest Jet Makers

Thu, 04 Jul 2024

There aren't many advanced manufacturing success stories in Latin America. And globally, there aren'...

How Brad Jacobs Will Invest $4.5 Billion to Reshape Building Supplies

Tue, 02 Jul 2024

Brad Jacobs has made a career of starting, consolidating, and growing whole industries. He did a tru...

The Theory That Explains Why Everyone Went Crazy

Mon, 01 Jul 2024

Does it feel to you like society has gone crazy? Well, you're not alone. There's a general view that...

Lots More With Neil Dutta on a Looming Fed Policy Error

Fri, 28 Jun 2024

Neil Dutta, the top economist over at Renaissance Macro, has generally been sunny and optimistic abo...

The American Entrepreneurs Who First Opened The Chinese Market

Thu, 27 Jun 2024

From cars to toys to clothes, we're just used to seeing the label "Made In China" on all sorts of th...

Why Tom Lee Thinks We Could See S&P 15,000 by 2030

Mon, 24 Jun 2024

The stock market has had a torrid run in 2024 despite the fact that interest rate cuts haven't mater...

CoreWeave's CSO on the Business of Building AI Datacenters

Fri, 21 Jun 2024

Everyone knows that the AI boom is built upon the voracious consumption of chips (largely sold by Nv...

John Arnold on Why It's So Hard To Build Things in America

Thu, 20 Jun 2024

Virtually everyone, across the ideological spectrum, has the view right now that it's too hard to bu...

Evolving Money: Money Without Borders (Sponsored Content)

Tue, 18 Jun 2024

Throughout history, financial markets have struggled with the issue of borders. Borders create frict...

The Big Trade Underneath the Strangely Calm Surface of the S&P 500

Mon, 17 Jun 2024

For much of this year, the S&P 500 has marched steadily higher while measures of stock market vo...

What a 'Degen' Crypto Trader Really Does All Day

Fri, 14 Jun 2024

A few lucky people have made generational wealth trading the ups and downs of the crypto market. And...

How Indonesia and China Cornered the Nickel Market

Thu, 13 Jun 2024

There's been a huge change in the market for nickel, which goes into everything from electric vehicl...

Elon Musk Dominates Outer Space Like Nobody Has Before

Wed, 12 Jun 2024

The company that Elon Musk is most known for, obviously, is Tesla. It's been extraordinarily success...

This Is How the Food Industry Is Preparing For a Post-Ozempic World

Mon, 10 Jun 2024

The rise of GLP-1 drugs, like Ozempic, is a potentially existential threat to the makers of salty, s...

Lots More with Kyla Scanlon on the Economic Vibes

Fri, 07 Jun 2024

Kyla Scanlon has a great way of identifying the economic vibes, building up a massive TikTok followi...

Orsted's Americas CEO on Fixing What Went Wrong in Wind Power

Thu, 06 Jun 2024

Last year was a bad one for the US wind power industry, with lots of cancelled projects, writedowns,...

Corporations Learned The Maximum Amount They Can Charge For a Product

Mon, 03 Jun 2024

What's the price of a hamburger? Well, it depends. Are you making the purchase on the spot? Did you ...

Lots More on the Two Troubled NYC Office Buildings Everyone's Talking About

Fri, 31 May 2024

Over the past two weeks, two New York City office buildings have become major talking points in the ...

The Big Problem With the Modern Electricity Grid

Thu, 30 May 2024

The modern electricity grid is a weird thing. The delivery of electricity is a natural monopoly, for...

Are We Doing Decarbonization Totally the Wrong Way?

Wed, 29 May 2024

The cost of solar has been plunging for years. Everyday there's a new headline about growing install...

How a Professional Sports Bettor Really Makes Money

Mon, 27 May 2024

The gambling industry in the US has exploded in recent years, and suffused every aspect of sports co...

Lots More With Luke Kawa on Memestock Mania 2.0

Fri, 24 May 2024

Remember GameStop? The poster-child for 2021's memestock mania recently surged almost 5x in a matter...

How a DOJ Economist Approaches Antitrust in America

Thu, 23 May 2024

The Department of Justice and the Federal Trade Commission have taken an invigorated approach to ant...

Introducing: Big Take Asia

Tue, 21 May 2024

We’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of...

How to Succeed at Multi-Strategy Hedge Funds

Mon, 20 May 2024

Multi-strategy hedge funds are all the rage right now. But there's also a lot of confusion about wha...

Jeff Currie on Why Copper Is His Highest-Conviction Trade Ever

Fri, 17 May 2024

Copper has long been touted as a big winner from the world's drive towards electrification. All thos...

Pierre Andurand Says the World Could Run Out of Cocoa Inventories

Thu, 16 May 2024

Pierre Andurand made his name trading oil and other energy-related assets, but wild swings in the pr...

Viktor Shvets on How the Fed Has Become a Prisoner of Its Own Making

Mon, 13 May 2024

This week, we'll get fresh inflation data in the US, which will inevitably feed into the Federal Res...

Lots More With Brad Setser on the Yen, a New China Shock and Excavators

Fri, 10 May 2024

There's a lot going on in currency markets and global trade at the moment. The Japanese yen has been...

Hugh Hendry on the "Terrifying" Yen Move, and Risk of "Mad Max" Deflation

Thu, 09 May 2024

Hugh Hendry says the world is brimming with risks right now, from Chinese deflation, to the strength...

What a Fed President Hears When He Goes on the Road

Mon, 06 May 2024

The Federal Reserve has a lot of official statistics it can look at to try and gauge the state of th...

Lots More on How CHIPS Act Money Got Awarded

Fri, 03 May 2024

In 2022, Congress passed the CHIPS Act, which set aside tens of billions of dollars in loans and gra...

Luis von Ahn Explains How Computers and Humans Learn From Each Other

Thu, 02 May 2024

Breakthroughs in generative AI have created enormous opportunities for humans to learn from computer...

The Ultra Wealthy Have Their Own Separate World of Real Estate

Mon, 29 Apr 2024

In the past, the most expensive housing in any major city would be connected in some way to the econ...

An Ex-CIA Officer Explains How to Spot a Lie in Business

Fri, 26 Apr 2024

When most investors think of due diligence, they think of sifting through years of financial stateme...

Here's Who's Winning the Global Fight for AI Talent

Thu, 25 Apr 2024

 AI is all the rage right now. There are billions of dollars now flowing into the space, with large...

Josh Wolfe: The ChatGPT of Robotics is Coming

Mon, 22 Apr 2024

Over the last year or so, probably every venture capitalist has become interested in artificial inte...

Richmond Fed President Tom Barkin On Getting Inflation Under Control

Fri, 19 Apr 2024

At the end of 2023, there was a lot of optimism that the US economy was on that glide path to a soft...

What AMLO's Legacy Means For Mexico's Upcoming Election

Fri, 19 Apr 2024

On June 2, 2024, Mexicans will go to the polls to elect a successor to current President Andrés Man...

How The American Workforce Got Hooked on Adderall

Thu, 18 Apr 2024

Over the last few years, users of the popular ADHD drug Adderall have been frustrated by regular sho...

How Electric Utilities Will Handle Booming AI Datacenter Demand

Mon, 15 Apr 2024

For years and years, utilities in the US haven't seen much growth in electricity demand. The economy...

Introducing Money Stuff: The Podcast

Sat, 13 Apr 2024

The audio companion to Bloomberg Opinion’s beloved Money Stuff column hosted by its author Matt Le...

Lots More on America's Electrical Components Crisis

Fri, 12 Apr 2024

In 2021 and 2022, the US economy experienced historic shortages of many different goods. All kinds o...

Tractor Supply's CEO on How It Escaped the Post-Pandemic Curse

Thu, 11 Apr 2024

 A bunch of companies saw their share prices boom during the pandemic. Peloton surged because no on...

Why a Former Freight Broker Is Making a Major Bet on Mexico

Mon, 08 Apr 2024

US imports from Mexico are surging. Former President Trump's tariffs on China, as well as the renego...

Steve Eisman on the Three Big Macro Stories of Our Time

Fri, 05 Apr 2024

Steve Eisman became a famous name in the investing world due to his prescient bet against the US hou...

Why Savita Subramanian Thinks Stocks Can Keep Going Higher

Thu, 04 Apr 2024

When Savita Subramanian, head of US equity strategy at Bank of America, raised her outlook for stock...

Why the CRE Urban Doom Loop May Still Be Coming

Mon, 01 Apr 2024

When it comes to the collapse in office real estate, there's a lot of focus on who owns the debt, an...

Lots More on the Parabolic Surge in Cocoa Prices

Fri, 29 Mar 2024

The cost of cocoa beans has surged to a record $10,000 per metric ton. That's expected to make choco...

The Mega Corporations That Control What Americans Eat

Thu, 28 Mar 2024

Walk into a grocery store today and there are seemingly endless shelves of product to choose from. B...

Sal Mercogliano on the Baltimore Bridge Collapse

Tue, 26 Mar 2024

On March 26th, a massive container ship called the Dali ploughed into Baltimore's Francis Scott Key ...

Listen Now: The Big Take

Tue, 26 Mar 2024

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the s...

The Economist Who Believes AI Will Be Great for the Middle Class

Mon, 25 Mar 2024

AI is an incredibly exciting space, provoking both great wonder and fear. One of the big worries obv...

Lots More on the Big Can Kick in Commercial Real Estate

Fri, 22 Mar 2024

Last year, we spoke with Rich Hill, head of real estate strategy and research at Cohen & Steers,...

Why Home Insurance Markets in California and Florida Imploded

Thu, 21 Mar 2024

In recent years, we've seen home insurance premiums soar by historic amounts. Not only have prices g...

How the US Dollar Became an International Weapon of War

Mon, 18 Mar 2024

After Russia's invasion of Ukraine, the US took a number of extraordinary steps to cut Moscow out of...

Why the UAE Is Pumping $35 Billion Into Egypt

Sat, 16 Mar 2024

The United Arab Emirates recently unveiled a stunning $35 billion investment in Egypt, snapping up d...

Industrial Policy and the Forgotten Side of Alexander Hamilton

Fri, 15 Mar 2024

Thanks to the blockbuster musical, Alexander Hamilton has become a modern cultural icon. He's known ...

Why We're Now Living in The Golden Age of Snack Food

Thu, 14 Mar 2024

Want some Doritos? For years, you might have only been able to get one or two snack chip flavors. Bu...

Moderna's CFO on How to Allocate Capital in Big Pharma

Mon, 11 Mar 2024

The pharmaceutical space is characterized by extreme uncertainty. You never know what drugs are goin...

Lots More on Why Japanese Stocks Are Surging

Fri, 08 Mar 2024

Japanese stocks are suddenly soaring, with the Nikkei 225 hitting an all-time high this week after d...

Celsius CEO Explains How They Win in Energy Drinks

Thu, 07 Mar 2024

Go to any deli or 7-Eleven these days and you're sure to see a gigantic, technicolor wall of beverag...

Introducing: The Deal with Alex Rodriguez and Jason Kelly

Tue, 05 Mar 2024

The Deal, hosted by Alex Rodriguez and Jason Kelly, features intimate conversations with business ti...

Anat Admati on How to Never Bail Out Banks Again

Mon, 04 Mar 2024

We're coming up to the one-year anniversary of the collapse of Silicon Valley Bank, which sparked a ...

How to Put a Price on a Bird: the Forgotten Science of Economic Ornithology

Fri, 01 Mar 2024

This episode is for the birds — and one bird in particular. Flaco, an Eurasian eagle-owl, escaped ...

What Really Goes Into the Fed's Favorite Measure of Inflation?

Thu, 29 Feb 2024

The Federal Reserve has a goal of getting inflation down to 2%. But of course, there are a lot of di...

How the Rise of 'Pod Shops' Is Reshaping the Way Markets Trade

Mon, 26 Feb 2024

 The hedge fund industry has gone through multiple evolutions. Investing styles go in and out of fa...

How Ukraine Delivers the Mail During Wartime

Fri, 23 Feb 2024

If you order something from Ukraine right now, be it a T-shirt or a vintage Christmas ornament, chan...

A Longtime Aerospace Analyst Questions Boeing's Future

Thu, 22 Feb 2024

Troubles at Boeing just keep piling up, along with existential questions about the company's future....

This Is What's Hard About Building a US Domestic Battery Industry

Mon, 19 Feb 2024

The growth of electric vehicles has heightened concerns about China's current dominance in lithium-i...

Lots More on What Earnings Are Telling Us About Prices Now

Fri, 16 Feb 2024

Last year, Corbu managing director Samuel Rines came on Odd Lots to discuss what exactly companies w...

The Quiet Revolution in How We Rescue Banks

Thu, 15 Feb 2024

A little less than a year ago, the US financial system was rocked by its first major banking drama s...

How a Second Trump Administration Could Upend US-China Relations

Mon, 12 Feb 2024

 Back in 2016, Donald Trump campaigned on a platform that included a much harsher stance toward tra...

How Surging US Oil Output Is Being Moved and Stored

Fri, 09 Feb 2024

US oil production has surged to an all-time record of more than 13 million barrels produced per day....

NY Community Bancorp's Problems in the Rent-Stabilized Market

Thu, 08 Feb 2024

The last week saw a major plunge in shares of New York Community Bancorp after the company revealed ...

How Businesses Decide Exactly Where to Set Up Shop

Mon, 05 Feb 2024

We know that companies think carefully about where they open stores. They might look at things like ...

Lots More on Why Farmers Across Europe Are Furious

Fri, 02 Feb 2024

In France, the Netherlands, Germany, and Poland, we've seen a wave of protests recently from angry f...

How Global Shippers Are Dealing With a Worsening Red Sea Crisis

Thu, 01 Feb 2024

Attacks on ships in the Red Sea continue to escalate. What started with narrow strikes by Yemeni-bas...

Mark Cabana on the Fed, QT and Treasury Funding

Wed, 31 Jan 2024

It's a busy week for the bond market with a meeting of the Federal Reserve and the release of the US...

Lots More with Claudia Sahm

Tue, 30 Jan 2024

This week on Lots More, we speak with Claudia Sahm, the former Federal Reserve economist and founder...

Why the Short Volatility Trade Is Back and Bigger Than Ever

Mon, 29 Jan 2024

There are plenty of one-off risks at the moment, but it seems like betting on pretty much nothing ha...

Lots More on China's Moves to Create a Dollar Alternative

Fri, 26 Jan 2024

For years, people have been talking about the end of US dollar dominance or how some other currency ...

The Anonymous Meme Account Chronicling Credit Market Craziness

Thu, 25 Jan 2024

The past few years have been pretty wild for anyone working in credit, the business of selling and t...

Brevan Howard's Top Economist Sees Three Huge Macro Turning Points Under Way

Mon, 22 Jan 2024

Right now, there's a lot of hope and optimism that the US economy is on a path towards a soft landin...

The Moment That Boeing's Culture Started To Rot

Fri, 19 Jan 2024

On Jan. 5, the plug door of an Alaska Airlines 737 Max 9 blew out mid-flight, forcing the plane into...

US Oil Is Booming and It's Upending Global Markets

Thu, 18 Jan 2024

In the early 2010s, US shale players were producing oil like crazy, with no concerns about profitabi...

The Massive Economic Impact If China Invades Taiwan

Mon, 15 Jan 2024

A possible Chinese invasion of Taiwan has become a top-of-mind concern in defense and corporate circ...

Lots More on What's Hot at JPM's Health Conference

Fri, 12 Jan 2024

For anyone interested in investing in the health-care space, JPMorgan's annual Health Care Conferenc...

Harley Bassman on Why the Big Moves in the Bond Market Are Done

Thu, 11 Jan 2024

Harley Bassman, a.k.a. the Convexity Maven, is a legend among bond investors. He worked at Merrill L...

Lael Brainard on What Still Can Be Done to Lower Prices

Tue, 09 Jan 2024

The mood about the US economy feels very different right now than it did a year ago. At the start of...

This Is the Impact of Billions Flowing Into Private Credit

Mon, 08 Jan 2024

Private credit is now so big that it's rivaling more traditional forms of lending and fueling a deba...

Attacks in the Red Sea Are Reconfiguring Global Trade Again

Thu, 04 Jan 2024

A string of recent attacks by Yemen-based Houthi rebels on commercial vessels transiting the Red Sea...

The Top 10 Things We Learned on Odd Lots in 2023

Mon, 01 Jan 2024

It's no secret that one of the fun things about Odd Lots is that it covers a lot of different topics...

Brad Jacobs Plans to Make Billions in the Building Supply Industry

Thu, 28 Dec 2023

Brad Jacobs has founded multiple multi-billion dollar companies in his career. He turned United Wast...

The Odd Lots AMA Episode: Joe and Tracy Answer Your Questions

Mon, 25 Dec 2023

On this episode, our listeners called in with their questions. They ranged from the personal, like "...

Why So Many People Got This Year's Economy Wrong

Thu, 21 Dec 2023

This time last year, almost everyone was predicting a recession would engulf the US economy in 2023....

Introducing: Bloomberg News Now

Tue, 19 Dec 2023

Bloomberg News Now is a comprehensive audio report on today's top stories. Listen for the latest new...

A County in Maryland Came up With a New Way of Building Affordable Homes

Mon, 18 Dec 2023

When people think of publicly funded housing, they tend not to think about modern-looking apartments...

Lots More on Shohei Ohtani's $700 Million Contract

Fri, 15 Dec 2023

This week was a huge one for the soft landing camp. The inflation data came in cool and the Federal ...

How Salad Chain Sweetgreen Figures Out Its Next Product to Sell

Thu, 14 Dec 2023

Sweetgreen, the popular fast food salad restaurant, recently announced that it was eliminating all u...

Drybar Founder Alli Webb on the High Cost of Fast Growth

Mon, 11 Dec 2023

One of the defining brands of the 2010s was Drybar. The popular chain of blow dry salons helped defi...

China Made a Chip Breakthrough That Shocked the World

Thu, 07 Dec 2023

Both the Trump administration and the Biden administration made moves to constrain China's ability t...

Another Part of Commercial Real Estate Is in For a Reckoning

Wed, 06 Dec 2023

When it comes to commercial real estate, a lot of attention is obviously paid to offices. But it's n...

What Dead Malls Tell Us About the Future of Commercial Real Estate

Mon, 04 Dec 2023

There's been a lot of worry over the future of commercial real estate — especially the outlook for...

Lots More with Brad Setser

Fri, 01 Dec 2023

Argentina has always been interesting from an economic and financial markets perspective, to put it ...

Josh Younger Explains How Banks Really Manage Rate Risk

Thu, 30 Nov 2023

The rate banks pay on savings accounts hit the headlines earlier this year, when an outflow of depos...

A Stunning Lawsuit Could Change How Realtors Get Paid

Wed, 29 Nov 2023

Last month, a Missouri jury found that real estate brokers colluded to artificially inflate and fix ...

Goldman's Jan Hatzius Believes the Hard Part Is Over

Mon, 27 Nov 2023

Going into 2023, the conventional wisdom was that a recession was likely in store. Instead, it didn'...

Magic the Gathering's Creator Wants to Create an Even Better Game

Thu, 23 Nov 2023

 Since bursting onto the scene in the mid-1990s, Magic the Gathering has become one of the most pop...

Here's What's Going Wrong in the US Offshore Wind Industry

Wed, 22 Nov 2023

The effort to decarbonize the US electricity grid involves a range of technologies and power sources...

Why Private Credit's Been Booming Even as Interest Rates Go Up

Mon, 20 Nov 2023

It's no secret that the market for private credit has boomed in recent years. The surprising thing i...

The Fed's Michael Barr on Real-Time Payments and the Basel Endgame

Fri, 17 Nov 2023

Michael Barr is a busy man these days. As the Federal Reserve's vice-chair for supervision, he's loo...

Lina Khan Is Sending a Message to the Private Equity Industry

Thu, 16 Nov 2023

Since becoming chair of the Federal Trade Commission, Lina Khan has arguably taken a novel approach ...

What's Been Happening With the Iranian Stock Market

Mon, 13 Nov 2023

Back in 2020, we spoke with Maciej Wojtal, a London-based fund manager who specializes in Iranian st...

The OCC’s Michael Hsu on the Big Risks Facing Banking Businesses Right Now

Thu, 09 Nov 2023

Earlier this year, we saw the collapse of Silicon Valley Bank and Silvergate Bank following a run on...

Introducing: Elon, Inc.

Wed, 08 Nov 2023

At Bloomberg, we’re always talking about the biggest business stories, and no one is bigger than E...

The Economics of Building a Childcare Business

Mon, 06 Nov 2023

Finding good, high quality childcare has been a growing challenge in the US for a long time. The pan...

Dimensional Co-CEO Gerard O'Reilly on the Future of Fund Management

Thu, 02 Nov 2023

Dimensional Fund Advisors is one of the fastest growing providers of mutual funds and ETFs. It was f...

What the Summer of Strikes Means For The Broader Economy

Mon, 30 Oct 2023

This special episode of Odd Lots was recorded live at the Bloomberg Screentime festival earlier this...

The Incredible Rise of the Celsius Energy Drink

Thu, 26 Oct 2023

For awhile, it was Red Bull that was synonymous with energy drinks. Then Monster Energy came along a...

What's Really Standing in the Way of a Nuclear Renaissance?

Mon, 23 Oct 2023

The US is taking a fresh look at nuclear power. After a dearth of construction, and de-commissioning...

Lots More with Gregory Brew

Fri, 20 Oct 2023

So far, the war between Israel and Hamas has had only a mild impact on world markets. Oil prices are...

This Is What an 8% Mortgage Means For the Housing Market

Thu, 19 Oct 2023

Mortgage rates have surged over the last couple of years. But surprisingly to some, actual home pric...

How An Old Banking Regulation May Have Driven The 1970s Inflation

Mon, 16 Oct 2023

There remains a lot of anxiety over whether inflation in the US will gather steam all over again. Pa...

NY's Cannabis Rollout Could Destroy a Legal Entrepreneur

Wed, 11 Oct 2023

When New York legalized recreational cannabis for adults, it didn't just want to fling the gates wid...

JPMorgan's Jay Barry on the Big Selloff in Bonds

Wed, 11 Oct 2023

In the past week, the bond market has experienced a historic selloff. Yields on benchmark 10-year US...

Jigar Shah on the Pathway to Clean, Cheap, and Abundant Energy

Fri, 06 Oct 2023

Jigar Shah is the head of the Loan Programs Office at the Department of Energy and thanks to the Inf...

Austan Goolsbee on the 'Golden Path' to a Soft Landing

Wed, 04 Oct 2023

Can a soft landing be achieved? This is still a wide open question, given the highly uncertain macro...

The Fed's Tom Barkin On the Impact of Higher Interest Rates

Mon, 02 Oct 2023

The US economy has so far withstood the effects of higher interest rates a lot better than expected....

Lots More with Matt Levine and Mike Mackenzie

Fri, 29 Sep 2023

For those who can't get enough Odd Lots, we're now offering you... "Lots More." This new podcast sho...

The Real Pain From Rate Hikes May Still Be on the Way

Thu, 28 Sep 2023

The Federal Reserve has hiked rates in rapid fashion, yet the evidence of their impact is scarce. In...

Why the Degrowth Movement Is Having a Moment

Wed, 27 Sep 2023

When it comes to economics, there are a bunch of different schools to choose from, but pretty much a...

Why Insurers Are Pulling Out of High-Risk Areas

Mon, 25 Sep 2023

This year has seen a spate of insurance companies announcing that they're leaving markets like Flori...

Steven Rattner on the UAW Strike and the Challenges of Bidenomics

Fri, 22 Sep 2023

When the US auto industry needed a restructuring or bailout in 2009, the Obama administration tapped...

Morgan Housel on the New Way We Think About Money

Thu, 21 Sep 2023

When generations undergo any kind of collective life-changing event, it shapes how people think abou...

Oaktree's Wayne Dahl on Credit Markets Right Now

Mon, 18 Sep 2023

In theory, the Federal Reserve operates by tightening the supply of credit. Or at least making it mo...

Lots More With Neil Dutta

Fri, 15 Sep 2023

For those who can't get enough Odd Lots, we're now offering you... "Lots More." This new podcast sho...

Senator Chris Coons on How to Fix Our Response to Avian Flu

Thu, 14 Sep 2023

Last year, consumers around the country experienced an explosion in the price of eggs, in part due t...

Bill Gross on the End of the Great Bond Bull Market

Wed, 13 Sep 2023

Bill Gross became known as the Bond King during his legendary, multi-decade run at Pimco, eventually...

What Rising Rates and Surging Insurance Prices Are Doing to Real Estate

Mon, 11 Sep 2023

In some respects, the real estate market has been surprisingly resilient in the face of rising inter...

Self-Driving Cars Might Finally Be For Real This Time

Thu, 07 Sep 2023

A decade ago, there was a lot of hype about self driving cars. In fact, there was more interest in s...

This Is How New York City Gets Its Produce

Mon, 04 Sep 2023

Certain people claim that New York City has a reputation for... not having the best fruits and veget...

Hyun Song Shin on the New Financial Stability Risks

Thu, 31 Aug 2023

At Jackson Hole, the Kansas City Fed's annual gathering for economists and central bankers, there's ...

Adam Posen Has a Warning on the Danger of Bidenomics

Wed, 30 Aug 2023

The Biden administration has undertaken an aggressive effort to revitalize domestic manufacturing, p...

Barry Eichengreen on the New Era of High Government Debt

Tue, 29 Aug 2023

In recent years, the absolute level of government debt around the world has risen dramatically. The ...

Darrell Duffie On How to Fix the World’s Most Important Market

Mon, 28 Aug 2023

In the global financial system, US Treasuries play a special role. They’re basically as close to c...

This Is What We Just Learned In Jackson Hole

Sat, 26 Aug 2023

On Friday, Federal Reserve Chair Jerome Powell gave his much-anticipated speech at the Kansas City F...

BONUS EPISODE: Bloomberg Surveillance in Jackson Hole

Fri, 25 Aug 2023

Bloomberg Surveillance comes to the Odd Lots podcast!  Listen for a special edition of Bloomberg Su...

Why Tractor Supply Is One of the Most Interesting Retailers On the Planet

Thu, 24 Aug 2023

Tractor Supply Co. has grown from a small mail order business set up in the 1930s into the biggest f...

The Four Big Structural Forces Holding Back China's Economy

Mon, 21 Aug 2023

The Chinese economy is in a slump. Industrial production is down. Retail sales are down. The propert...

Here's How the New Weight Loss Drugs Could Change Everything

Thu, 17 Aug 2023

There's a new class of weight-loss drugs in town. GLP-1 medications including Ozempic, Wegovy and Mo...

How Economic Complexity Explains Which Countries Become Rich

Mon, 14 Aug 2023

Why do some countries become rich while others stagnate? And can you predict which countries become ...

Paul Krugman on UFOs, AI and Room Temperature Superconductors

Fri, 11 Aug 2023

There have been a number of news stories lately that seem straight out of science fiction. We've hea...

The Two Strikes That Ground Hollywood to a Halt

Thu, 10 Aug 2023

Movie and TV productions have come to a nearly complete stop in Hollywood. Both the Screen Actors Gu...

What the UAW Wants From Its Fight With the Big Three

Mon, 07 Aug 2023

On September 14, the contract between the United Auto Workers and the Big Three carmakers (GM, Ford ...

The Chinese EV Maker That's Selling More Cars Than Tesla

Thu, 03 Aug 2023

In the US, Tesla remains far and away the dominant maker of electric vehicles. But on a global scale...

DOJ's Jonathan Kanter on the Bidenomics Approach to Antitrust

Mon, 31 Jul 2023

A key plank of the Biden administration's "Bidenomics" involves stronger antitrust enforcement and w...

The Massive Shift Underway in the US Banking System

Thu, 27 Jul 2023

When Silicon Valley Bank imploded, there was a lot of talk about the future of regional and communit...

Are We About to See the Shortest Housing Cycle Ever?

Mon, 24 Jul 2023

Last year, as the Federal Reserve hiked rates to the highest levels in decades, there were lots of w...

How to Build the Ultimate GPU Cloud to Power AI

Thu, 20 Jul 2023

Artificial Intelligence is all the rage right now and most of the investor excitement has so far bee...

Josh Wolfe on Where Investors Will Make Money in AI

Mon, 17 Jul 2023

We're in the midst of an AI mania of sorts. In public markets, investors are placing bets on the com...

Understanding the Real Fight Over Water in Arizona

Fri, 14 Jul 2023

Arizona recently announced new constraints on housing development in the areas around Phoenix. At is...

An Arizona Farmer on How to Grow Alfalfa in the Middle of the Desert

Thu, 13 Jul 2023

Due to a combination of drought, climate change and booming growth, Arizona is facing looming water ...

Richard Koo on China's Risk of 'Japanification'

Mon, 10 Jul 2023

Richard Koo literally wrote the book on balance sheet recessions, or the idea that large levels of d...

What It Really Takes to Convert an Office Building Into Apartments

Thu, 06 Jul 2023

Big cities like New York have two real estate problems. Housing is scarce and office buildings are e...

Jared Bernstein on the Next Stage of Bidenomics

Tue, 04 Jul 2023

President Biden recently made it clear that what we're seeing play out in the economy now is the res...

Bridgewater's Greg Jensen on AI, Inflation and What Markets Are Getting Wrong

Mon, 03 Jul 2023

Every industry is trying to figure out just how AI or Large Language Models can be used to do busine...

Zoltan Pozsar on His Next Big Move and the Coming Monetary Divorce

Fri, 30 Jun 2023

Zoltan Pozsar has built a reputation for covering the intricacies of money markets. For the past eig...

What Ben McKenzie Learned When He Started Investigating Crypto

Thu, 29 Jun 2023

When the pandemic struck in 2020, the actor Ben McKenzie (who you might know from The OC and Gotham)...

James Montier Explains Why Corporate Profits Keep Going Up

Mon, 26 Jun 2023

More than a decade ago, GMO strategist James Montier published a paper predicting that corporate pro...

Why Saudi Arabia Is Spending Millions on Soccer Stars

Fri, 23 Jun 2023

Saudi Arabia has been spending hundreds of millions of dollars snapping up international soccer star...

This Is How Finance and Banking Worked Before Computers

Thu, 22 Jun 2023

We're used to thinking of modern finance as practically synonymous with computers. Banks are basical...

Josh Younger on the Surprising Origins of Eurodollars and Petrodollars

Mon, 19 Jun 2023

De-dollarization is all the rage right now, with lots of talk about whether the US currency will be ...

Steve Eisman on Banks, AI and His Next Big Bet

Fri, 16 Jun 2023

Steve Eisman is known for having bet against the housing market prior to the Great Financial Crisis ...

The Eyeball-Scanning Plan Designed to Save Us From AI

Thu, 15 Jun 2023

There are all kinds of societal concerns emerging out of the rise of artificial intelligence. Will i...

This Is What Happens When Governments Build Software

Mon, 12 Jun 2023

There's a lot of frustration about the government's ability to build things in the US. Subways. Brid...

Brad Setser on How World Trade Changed In the Last Three Years

Fri, 09 Jun 2023

A lot has happened since we last spoke to Brad Setser in April 2020, towards the beginning of the Co...

Isabella Weber on the Big Rethink of Inflation

Thu, 08 Jun 2023

Earlier this year, Odd Lots talked about the idea of companies taking advantage of bottlenecks and o...

Jim Grant Sees an Era of Higher Rates That Could Last For Years

Mon, 05 Jun 2023

If you think interest rates seem high right now, you might be operating with too short of a perspect...

Counterfeiting Scandals Keep Slamming the Commodities Market

Thu, 01 Jun 2023

Earlier this year, it emerged that the London Metals Exchange had been holding a bunch of bags fille...

This Is How We'll Know If the CHIPS Act Is Working

Mon, 29 May 2023

The US government is spending billions of dollars to build out state-of-the-art domestic semiconduct...

Slack Founder Stewart Butterfield on AI, Software, and the End of the Tech Boom

Thu, 25 May 2023

Stewart Butterfield has been at the forefront of two epochal turning points for tech. First, he was ...

On the Debt Ceiling, the White House Is Doing What It Said It Wouldn't Do

Wed, 24 May 2023

In 2011, then-Vice President Biden had a front row seat to a bruising debt ceiling standoff between ...

What Needs to Happen for the Renminbi to Seriously Compete With the Dollar

Mon, 22 May 2023

There's a lot of discussion these days about de-dollarization and whether the US dollar will lose it...

We're In the Midst of Trucking Bloodbath 2.0

Fri, 19 May 2023

A couple of years ago, it was an amazing time to have a truck or be a trucker. The goods economy was...

CFTC Chair Rostin Behnam on the Fight to Regulate Crypto

Thu, 18 May 2023

We're still in the middle of a "crypto winter" with the price of coins well off their highs from bac...

The CME's Terry Duffy on the Big Risks He's Seeing Now

Mon, 15 May 2023

Terry Duffy is the chairman and CEO of CME Group, the world's biggest derivatives exchange and a tra...

Introducing - Spellcaster: The Fall of Sam Bankman-Fried

Fri, 12 May 2023

Coming soon: When nerdy gamer Sam Bankman-Fried rocketed to fame as the world’s richest 29-year-ol...

Ben Smith on the End of an Era for Digital Media

Fri, 12 May 2023

The 2010s saw the rise of a number of digital media startups like BuzzFeed News, Gawker Media, Vice,...

The Fed Hiked Rates Rapidly and Housing Is as Broken as Ever

Thu, 11 May 2023

The Federal Reserve has hiked rates rapidly over the last 18 months, and yet inflation remains surpr...

Inside the Battle for Chips That Will Power Artificial Intelligence

Mon, 08 May 2023

Nobody knows for sure who is going to make all the money when it comes to artificial intelligence. W...

Care Work in the United States Has Been Broken for Years

Thu, 04 May 2023

Disruptions caused by the pandemic have revealed deep flaws in our supply chain for physical goods. ...

The White Oak Shortage That Could Ruin the Bourbon Industry

Mon, 01 May 2023

Some supply chain crises are acute. A bottleneck at the ports. A shortage of semiconductors. These c...

Why the Desire to Move Away From the Dollar Is Getting Real

Thu, 27 Apr 2023

There's been a lot of discussion about the possibility of "de-dollarization," or the idea that the w...

Here Are the Signs of a Slow-Moving Credit Crunch

Mon, 24 Apr 2023

The big headlines from March's banking crisis have receded and balances at some of the Federal Reser...

Pot Lots Part 3: Righting the Wrongs of the Past

Thu, 20 Apr 2023

Marijuana has been legalized in a number of places in the US now, but what New York is trying to do ...

Pot Lots Part 2: The Business of Big Cannabis

Thu, 20 Apr 2023

In some respects, selling legalized cannabis should be like many other consumer goods business. You ...

Pot Lots Part 1: Birth of a Marijuana Market

Thu, 20 Apr 2023

New York City has long been seen as a holy grail for the legal weed industry, with millions of poten...

So Much of the World Economy Has Been Going in Reverse

Mon, 17 Apr 2023

Over time, we expect the world to get richer. Yes, there are disruptions and setbacks (and we have s...

Eight Months In, What Is Happening With Biden's CHIPS Act?

Thu, 13 Apr 2023

In August of last year, the White House signed the CHIPS and Science Act of 2022, a bipartisan effor...

What Commercial Real Estate Stress Means for Banks and Bond Funds

Mon, 10 Apr 2023

In the last month or so, two macro risks have become top of mind for investors. One is the stability...

Nassim Taleb on What Bitcoiners, Anti-Vaxxers and Deadlift Maxis All Get Wrong

Thu, 06 Apr 2023

Nassim Taleb has never been shy about expressing his viewpoints on a wide range of topics. But latel...

The NYC Landlord Who Says the "Golden Age" of Being a Landlord Is Over

Mon, 03 Apr 2023

For the most part, being a landlord, particularly in a major city, has been a good business to be in...

Matt King Sees a $1 Trillion Liquidity Drain Heading for Markets

Thu, 30 Mar 2023

One of the big mysteries in markets right now is why risk assets rallied so strongly into the new ye...

Betsy Cohen On Tech Investing and How SVB Failed Banking 101

Mon, 27 Mar 2023

The tech world is in a precarious moment. Valuations are down. The IPO window seems shut. SPACs are ...

Is It Time For Public Checking Accounts at the Fed?

Thu, 23 Mar 2023

When Silicon Valley Bank failed, the government stepped in and guaranteed that all accounts — even...

Where Stress Is Showing in the $20 Trillion Commercial Real Estate Market

Mon, 20 Mar 2023

Markets are suddenly on edge due to strains in the financial system. But banks aren't the only sourc...

What the Dramatic Boom in Zero-Day Options Means for Stocks

Fri, 17 Mar 2023

Zero- and one-day options give investors the ability to bet on the daily moves of the S&P 500. I...

The Regulatory Blunder That Gave Us the Silicon Valley Bank Disaster

Thu, 16 Mar 2023

Whenever a major financial institution collapses and needs a bailout, it's easy to say, "Where were ...

Dan Davies On What Brought Down Silicon Valley Bank

Tue, 14 Mar 2023

Silicon Valley bank collapsed at record speed. And the world is still trying to figure out what went...

How the Federal Reserve Grew More Powerful Than Anyone Ever Imagined

Mon, 13 Mar 2023

In the short term, the Federal Reserve's job is straightforward. Raise or lower interest rates in or...

Companies Are Telling Us the Real Reason They're Still Raising Prices

Thu, 09 Mar 2023

The persistence of inflation is a bit of a mystery to economists. Many of the shocks of the last few...

Coinbase CEO Brian Armstrong on the Two Big Challenges Facing Crypto

Mon, 06 Mar 2023

Crypto is facing two distinct, yet related problems. First, a bunch of people have lost money due to...

How Empty Land in the Arizona Desert Gets Turned Into Homes

Thu, 02 Mar 2023

Homebuilders have experienced major whiplash over the last few years. The pandemic originally caused...

Why We Don't Build More Apartments for Families

Mon, 27 Feb 2023

The vast majority of urban apartments in the US are geared towards single occupants, couples without...

Why Interest Rates on Savings Accounts Are Still So Low

Thu, 23 Feb 2023

The Federal Reserve has been raising benchmark borrowing rates at the fastest pace in decades, but t...

A Former CIA Official on One Year of Russia's War in Ukraine

Mon, 20 Feb 2023

It's been one year since Russia invaded Ukraine in an event that set off a chain reaction of both ge...

Brian Deese on the Legislative Legacy of President Biden's First Two Years

Fri, 17 Feb 2023

President Biden came into office with an incredibly slim legislative majority. And yet despite just ...

This Is What Happens if the US Actually Hits the Debt Ceiling

Thu, 16 Feb 2023

The US is in the middle of another debt ceiling fight. The expectation is that it will get lifted be...

What Happens Now to All the Laid Off Tech Workers?

Mon, 13 Feb 2023

The US labor market looks rock solid. The unemployment rate is at its lowest level in 50 years, whil...

Jan Toporowski Explains Why Capitalists Dislike Full Employment

Fri, 10 Feb 2023

In the wake of the Great Financial Crisis, the work of John Maynard Keynes experienced a revival, as...

Introducing: Foundering - The John McAfee Story

Thu, 09 Feb 2023

The new season of Bloomberg's Foundering podcast retraces the life and gruesome death of John McAfee...

Fabio Natalucci on How to Think About Financial Risk Right Now

Thu, 09 Feb 2023

The Federal Reserve raised interest rates at the fastest pace in decades in 2022. But despite the ra...

Steve Eisman on the 'Paradigm Shift' Happening in Markets Right Now

Mon, 06 Feb 2023

After a decade of dominance, 2022 saw tech stocks badly underperform the rest of the market. However...

Viktor Shvets Declares Victory for Team Transitory and the Soft Landing

Wed, 01 Feb 2023

It was looking bad there for awhile for Team Transitory. Anyone who had previously even uttered the ...

The "Big Shift" That's Finally Causing Rents to Fall

Mon, 30 Jan 2023

Rent inflation went wild in 2021 and 2022, turning it into one of the most substantial drivers of ov...

Why Corporate America Still Runs on Ancient Software That Breaks

Thu, 26 Jan 2023

Southwest Airlines had a disastrous holiday season, thanks in part to a software bug that left crews...

What The Heck Is Happening With the Price of Eggs?

Mon, 23 Jan 2023

The price of eggs rose 60% in 2022, as measured by the Consumer Price Index. Meanwhile, wholesale eg...

The 'Widowmaker' Crypto Trade That Helped Blow Up an Industry

Fri, 20 Jan 2023

Over the last year, numerous things have gone wrong for the crypto industry. (Too many to list.) But...

Isabella Weber On a New Way to Think About Inflation

Thu, 19 Jan 2023

In economics, there tends to be two dominant ways of thinking about inflation. Either you agree with...

Ex-Logger Aims to Beat Elon Musk in Electric Trucks

Mon, 16 Jan 2023

While electric vehicle use is growing rapidly, the internal combustion engine remains completely dom...

Why Banks Are Suddenly Borrowing From the Fed's Discount Window

Fri, 13 Jan 2023

The discount window at the Federal Reserve allows banks to borrow money at an above-market rate in e...

Neil Dutta and Conor Sen on the Chances of a US Soft Landing

Thu, 12 Jan 2023

The most recent jobs report has revived talk that the US economy might pull off the fabled "soft lan...

What Truckers Already Know About the Future of Electronic Worker Surveillance

Mon, 09 Jan 2023

Thanks to work from home, and other trends, workers are being electronically monitored by their boss...

Flexport CEO Says a ‘Great Recession’ Is Here for Global Shipping

Thu, 05 Jan 2023

Back in early 2021, Ryan Petersen was one of the first people we spoke to on the Odd Lots podcast ab...

The AMA Episode: Tracy and Joe Answer All Your Questions

Fri, 30 Dec 2022

In this special episode, Tracy and Joe reach into the mailbag and take some questions about Odd Lots...

Odd Lots Revisited: Our First Episode with Tom Keene

Thu, 29 Dec 2022

Odd Lots is seven years old now, having started in late 2015. When it began, we really didn't know w...

Why the Price of Plastic Is Crashing After a Record Surge

Mon, 26 Dec 2022

Plastic is in almost everything and prices of polypropylene, polyethylene and a host of other polyme...

What a Bakery Can Tell Us About the Economy Right Now

Thu, 22 Dec 2022

We talk a lot about macroeconomic trends on the podcast. What's happening with inflation? Is the lab...

Where Things Stand Now With Inflation and the Fed

Mon, 19 Dec 2022

Last week was a big one. On Tuesday, we got a CPI report that came in substantially cooler than expe...

Younger and Menand Explain How We Got the Modern Banking System

Thu, 15 Dec 2022

The US financial system today is pretty much taken as a given. We have the Federal Reserve, which se...

This Is What We Know About How Tether Works

Mon, 12 Dec 2022

2022 has seen numerous crypto disasters, most notably FTX. Also the price of most coins has tumbled ...

What Extreme Weather Events Are Doing to Global Insurance Markets

Thu, 08 Dec 2022

Heatwaves, droughts, hurricanes, floods... in a year of commodity shortages and supply chain disrupt...

Brad DeLong on the FTX Collapse and the South Sea Bubble

Mon, 05 Dec 2022

We're in the aftermath of an extraordinary bubble in cryptocurrencies and the collapse of FTX is a d...

The Covid Protests in China and Why They Happened Now

Thu, 01 Dec 2022

China has seen a surge in protests in cities all around the country, targeted at the country's Covid...

This Is What Happens to Silicon Valley in a Downturn

Mon, 28 Nov 2022

The US economy may not be in a recession, but Silicon Valley, which had a mega-boom throughout the 2...

Jim Chanos on Crypto, Tech and the Golden Age of Fraud

Wed, 23 Nov 2022

Earlier this year we talked to the legendary short seller Jim Chanos, during which he warned of more...

Truckers Are Working Countless Hours That They're Not Getting Paid For

Mon, 21 Nov 2022

For years we've been hearing about a persistent shortage of truck drivers. But what if we're thinkin...

Matt Levine on the Collapse of FTX and Alameda

Fri, 18 Nov 2022

It was on an episode of the Odd Lots podcast in April 2022 that Sam Bankman-Fried infamously charact...

Understanding the Collapse of Sam Bankman-Fried's Crypto Empire

Thu, 17 Nov 2022

The collapse of the Sam Bankman-Fried empire is gigantic, sprawling and fast moving. While details a...

Guyana Is the Most Exciting Story in the World Oil Market

Mon, 14 Nov 2022

We talk a lot about the US shale boom. And we talk a lot about OPEC. But one of the most exciting st...

Isabella Weber On Germany's Plan to Cap the Price of Gas

Thu, 10 Nov 2022

The surge in gas costs in Europe threatens to impose massive pain on households and cripple energy-i...

Josh Younger on the Origin Story of the Shadow Banking System

Mon, 07 Nov 2022

There are a bunch of historical analogies that people like to reach for in order to describe some of...

Mark Bergen on Apple's Threat to the Online Ad Industry

Thu, 03 Nov 2022

After years of basically printing money, the big online Internet behemoths are starting to stumble f...

Hyun Song Shin Explains Why This Dollar Shock Is So Unique

Mon, 31 Oct 2022

It's no secret that a strong US dollar causes the rest of the world pain, but the impact of this yea...

A Midwest Drought Is Creating a Supply Chain Crisis on the Mississippi River

Mon, 31 Oct 2022

The Midwest has been gripped by drought this year and water levels on the Mississippi River have fal...

This Is The Legal Mess Now Facing the Trucking Industry

Fri, 28 Oct 2022

When people think about the so-called 'gig economy' they probably first think about Uber. But truck ...

A Broken Market Is Causing Mortgage Rates to Surge

Thu, 27 Oct 2022

US mortgage rates have jumped to a two-decade high, with the average 30-year home loan now running a...

This Is What the US Just Did to China on Semiconductors

Mon, 24 Oct 2022

Earlier this month, the Biden administration unveiled a new set of restrictions on exporting semicon...

How the Alberta NDP Competes In One of Canada's Most Conservative Provinces

Fri, 21 Oct 2022

Alberta is one of Canada's most conservative provinces, with an economy and culture that might be co...

Nouriel Roubini Predicts a Crisis 'Worse' Than the 1970s

Wed, 19 Oct 2022

Nouriel Roubini is known for his bearish prognostications. And unfortunately, he still doesn't see a...

Jigar Shah Just Became One of the Most Important Players in the Energy Transition

Mon, 17 Oct 2022

Jigar Shah is the director of the loan office at the Department of Energy. For years, this division ...

Dan Wang On the Extraordinary Moment for China's Party Congress

Thu, 13 Oct 2022

The Chinese government's biggest political gathering comes at a time of numerous challenges.Next wee...

This Is What 7% Mortgages Will Do To the Housing Market

Mon, 10 Oct 2022

Thanks to the surge in mortgage rates, we've seen a historic collapse in mortgage affordability. New...

Toby Nangle on What We Just Learned From Gilt Market Madness

Thu, 06 Oct 2022

UK financial assets just experienced once-in-a-generation type moves in the wake of the government's...

What Is Really Going On With Rent and Healthcare Inflation?

Mon, 03 Oct 2022

One of the biggest drivers of inflation is rent. Arguably, it's the whole ballgame right now. If ren...

Marko Papic on What Markets Got Wrong About Russia's Invasion of Ukraine

Thu, 29 Sep 2022

When Russia invaded Ukraine, there was a widespread expectation of a surge in prices for numerous co...

Pierre Andurand on What Europe Needs to Do This Winter

Mon, 26 Sep 2022

Europe is facing an energy crisis and there are some dire predictions about how it will deal with th...

Former CFTC Chair on How to Regulate Stablecoins Without Passing Any New Laws

Thu, 22 Sep 2022

Stablecoin regulation has become a hot topic, and for very good reason. For one thing, it's an extre...

The Ethereum Network Just Experienced a Monumental Development

Mon, 19 Sep 2022

For years, it's been on the Ethereum roadmap to transition its blockchain from proof-of-work to proo...

Senator Pat Toomey on the Bad State of Crypto Regulation

Thu, 15 Sep 2022

Cryptocurrencies often don't fit neatly into traditional asset buckets. They're not exactly currenci...

Zoltan Pozsar and Perry Mehrling Debate Bretton Woods 3.0

Sun, 11 Sep 2022

Credit Suisse strategist Zoltan Pozsar has found a new level of fame over the last year, arguing tha...

Ezra Klein on the Future of Supply-Side Liberalism

Thu, 08 Sep 2022

To the surprise of many people, the Biden administration has notched some significant economic polic...

Just How Bad Is the Economy Getting in China?

Mon, 05 Sep 2022

In the wake of the Great Financial Crisis, China arguably led the world out of the downturn. Its gig...

Neel Kashkari on the Fed's Commitment to Defeating Inflation

Wed, 31 Aug 2022

At Jackson Hole, Federal Reserve Chair Jerome Powell gave a hawkish speech intended to leave no ambi...

Joelle Gamble Explains the Confusing State of the US Labor Market

Mon, 29 Aug 2022

The unemployment rate is down to 3.5%, which is far lower than just about anyone thought it would be...

Helene Meisler On What's Going On With the Stock Market Now

Thu, 25 Aug 2022

The Federal Reserve is in tightening mode. And there's that old adage "don't fight the Fed" which me...

How Stablecoins Became a Powerful Force in Crypto

Mon, 22 Aug 2022

In theory, what gets people most excited about crypto is lines going straight up. But one of the big...

This Is What Actually Determines the Price of A Gallon of Gas

Fri, 19 Aug 2022

Gas prices are central to everything these days. Biden's approval rating seems to move inverse with ...

This Is the Case for Building a More Robust Power Grid

Thu, 18 Aug 2022

Thanks to surging energy costs and extreme weather events, there's a greater urgency to decarbonize ...

Just How Bad Will the Energy Crisis Be in Europe This Winter?

Mon, 15 Aug 2022

As everyone knows, electricity prices in Europe have soared, due to a combination of factors, most p...

Pimco's Dan Ivascyn on the State of Markets Right Now

Thu, 11 Aug 2022

Markets have staged an impressive bounce since the middle of June. Stocks are way up. Credit spreads...

Jan Hatzius on the Narrow Path to Avoid a Hard Landing

Mon, 08 Aug 2022

The multi-trillion dollar question for the US economy is “Can inflation drop to the Federal Reserv...

Anna Stansbury on How to Boost Worker Bargaining Power

Thu, 04 Aug 2022

Labor markets are considered to be "tight" right now, but wage growth continues to lag inflation. Fo...

Benn Eifert On The Mania That Was Even Bigger Than Meme Stocks

Mon, 01 Aug 2022

When people think about the market mania we recently experienced, the most glaring thing that comes ...

What So Many People Get Wrong About The Energy Transition

Thu, 28 Jul 2022

With energy prices booming, heatwaves ravaging Europe, and Russia going to war against Ukraine, ther...

A New Chilean Constitution Could Mean Big Changes to Copper and Lithium Mining

Wed, 27 Jul 2022

In theory, a big shift towards renewable sources of energy (like wind and solar and electric vehicle...

What the Fed's Big Balance Sheet Unwind Means for Markets

Mon, 25 Jul 2022

The Federal Reserve recently began shrinking its massive balance sheet, unwinding trillions of dolla...

Jason Calacanis On the Expensive Lesson Coming to Silicon Valley

Thu, 21 Jul 2022

For years, venture capital firms have been pouring money into start-ups, trying to get a piece of th...

Why the US Dollar Is Booming And Creating A Possible Doom Loop

Mon, 18 Jul 2022

Every time a crisis hits, you get a new round of people warning about the end of US dollar dominance...

Matt Levine On What to Watch In Twitter vs. Elon Musk

Fri, 15 Jul 2022

This week, Twitter sued Elon Musk, attempting to force him to make good on his 44 billion buyout off...

The Bitcoin VC Who Just Infuriated The Bitcoin World

Thu, 14 Jul 2022

If you've ever interacted with hardcore Bitcoin maximalists you might find some of them, at least, t...

Josh Younger Explains Why the Bond Market Has Been So Volatile

Mon, 11 Jul 2022

The market for US Treasuries is arguably one of the most important and liquid markets in the world. ...

The Moment a Most Famous Dotcom Millionaire Knew the Party Was Over

Thu, 07 Jul 2022

The first real explosive Internet IPO was a company called TheGlobe.com. It was kind of a proto-soci...

Admiral Stavridis on a Plan to Get Ukrainian Wheat Out of a Warzone

Mon, 04 Jul 2022

Inflation was running hot even before Russia invaded Ukraine, but disruption in Europe's bread baske...

How to Spot a Fraud When Everyone's Against You

Fri, 01 Jul 2022

'Markets can stay irrational for longer than you can stay solvent' is a classic maxim for investors,...

Jigar Shah on the DOE's Role In Accelerating The Energy Transition

Thu, 30 Jun 2022

The situation in energy right now seems bleak. But while everyone is focused on the high price of ga...

Jay Newman on the Coming Crisis for Emerging Markets

Mon, 27 Jun 2022

There are a lot of challenges facing emerging markets right now. For a start, the dollar has been pr...

The Behind-the-Scenes Mess Now Facing the VC Industry

Thu, 23 Jun 2022

There's a fairly linear relationship between what's going on in the stock market and what's going on...

A Concrete Plan to Bring the Price of Oil Down Right Now

Wed, 22 Jun 2022

The price of oil is the central threat to the economy right now. Surging gasoline costs crimp consum...

Why It's So Hard to Get the Oil Taps Turned Back On

Mon, 20 Jun 2022

Oil prices are sky high. And there's plenty of oil in the ground in North America. And so far the su...

Jim Chanos on Why Some of the Worst Hit Parts of the Market Still Have More Pain Ahead

Thu, 16 Jun 2022

Legendary short seller Jim Chanos says that despite the plunge in stocks, there are numerous swathes...

Daryl Fairweather On the Tax That Could Solve the Housing Crisis

Mon, 13 Jun 2022

Housing in the US is a constant source of frustration. On the way up, prospective homebuyers worry t...

Foxconn Has a Plan to Upend the Electric Vehicle Industry

Thu, 09 Jun 2022

Most people think of Foxconn as the company that assembles iPhones. But it's a lot more than that. I...

This Year's American Wheat Harvest Has Been Awful

Mon, 06 Jun 2022

There are numerous macro factors driving elevated inflation. But in some categories, there also seem...

Silvergate CEO Alan Lane On the Business of Stablecoin

Thu, 02 Jun 2022

The collapse of the Terra/Luna experiment has brought fresh attention to stablecoins, and the differ...

Why Copper May Be One of the Tightest Markets The World Has Ever Seen

Mon, 30 May 2022

These days, oil gets all the attention. Consumers feel and see the pinch directly every time they fi...

This Is What It Takes to Win in the World of Freight Brokerage

Fri, 27 May 2022

The world of trucking is extraordinarily complex. There are an untold number of players that need to...

Ed Harrison Explains What the Fed Is Really Trying to Accomplish

Thu, 26 May 2022

Inflation is too high, and the Federal Reserve has started on an aggressive hiking path in order to ...

Bridgewater's Greg Jensen on Why Markets Have Further to Fall

Mon, 23 May 2022

Bridgewater's Greg Jensen on Why Markets Have Further to FallInflation is at its highest in four dec...

Arthur Breitman on the Biggest Problems in Blockchain Design

Fri, 20 May 2022

We continue to see an explosion of interest and money flowing into the crypto/blockchain space. But ...

Stephanie Kelton On MMT and the Inflation We're Seeing Today

Thu, 19 May 2022

For years, economists of the MMT school have been arguing that the way we think about deficits and g...

This Is How the Terra Stablecoin Actually Imploded

Sun, 15 May 2022

The collapse of the Terra ecosystem, and the tokens Luna and UST, will go down as one of the most pa...

This Is What Happened to the GameStop Mania

Thu, 12 May 2022

The first true meme stock was GameStop, which went wild in early 2021, delivering brutal losses to s...

Here's What Just Happened to the Stock Market and the Economy

Mon, 09 May 2022

It's really been an extraordinary year for markets and the economy. Stocks are down, particularly, g...

This Is What's Next for the Future of Air Travel

Thu, 05 May 2022

The aviation industry has never seen a disruption like what it's experienced over the last two years...

Javier Blas Explains How Commodity Trading Shops Really Work

Mon, 02 May 2022

One of the big themes these days is the return of the 'real' economy. You can't solve problems these...

This Is How a Locked-Down Shanghai Apartment Gets Food

Fri, 29 Apr 2022

Shanghai, a city of nearly 30 million people, is currently under a hard lockdown, as the Chinese gov...

This Is What Happened to the Meme Stock Mania

Thu, 28 Apr 2022

Spring of 2021 was peak meme mania. GameStop was going nuts. AMC was going nuts. And in general, the...

Sam Bankman-Fried and Matt Levine on How to Make Money in Crypto

Mon, 25 Apr 2022

The price of major cryptocurrencies like Bitcoin and Ethereum have been moving sideways for awhile. ...

The 1906 Dredging Law That May Be Holding Back The U.S. Economy

Wed, 20 Apr 2022

The long grounding of the cargo ship The Ever Forward has shone a spotlight on the limited dredging ...

This Is The Challenge Of Securing The Battery Supply Chain

Mon, 18 Apr 2022

With oil prices surging, there's a sense of greater urgency about moving more towards electric vehic...

Jeff Currie on the 'Volatility Trap' Keeping Commodity Prices So High

Thu, 14 Apr 2022

Goldman's top commodity strategist Jeff Currie was one of the earliest to call that we're in a new c...

This Is What 5% Mortgage Rates Mean Now For The Housing Market

Mon, 11 Apr 2022

For much of the last two decades, housing has been the consummate macro asset. It was at the heart o...

This Is Zoltan Pozsar's Vision For Bretton Woods III

Thu, 07 Apr 2022

Over the last several years, most economic crises have been solvable by money. Swap lines. Bailouts....

What Wooden Pallets Have to Do With Russia's Invasion of Ukraine

Tue, 05 Apr 2022

Most people don't think much about wooden pallets -- and that might be true even of people conductin...

How Bill Gross Built a Bond Empire And Then Lost It All

Mon, 04 Apr 2022

For a long time, bond investing was considered a sleepy backwater. You bought a bond and just clippe...

The Real Reason So Many Musicians Are Frustrated By Spotify

Fri, 01 Apr 2022

Earlier this year, there was a growing movement among some musicians (lead by Neil Young) to remove ...

Hugh Hendry On Why The World Still Can't Get Enough Dollar Assets

Thu, 31 Mar 2022

For years 15 years, Hugh Hendry ran the hedge fund Eclectica Asset Management, earning a reputation ...

Viktor Shvets on Why We Might Be Heading for a Deflationary Bust

Mon, 28 Mar 2022

In times of uncertainty, people often reach for historical analogies. In recent weeks and months, as...

A Historic Disruption To The World's Wheat Supply

Thu, 24 Mar 2022

When it comes to commodities, Russia's invasion of Ukraine has had a notable impact on the price of ...

Why Tracy's Furniture Is Stuck on a Grounded Ship

Wed, 23 Mar 2022

It's happened again. Another container ship owned by the Evergreen Maritime Corp. has gotten stuck a...

Here’s How Messy a Russian Bond Default Could Be

Mon, 21 Mar 2022

There’s a big question over whether Russia will be able (or willing) to make payments on billions ...

Pierre Andurand on How We Might Get $200 a Barrel Oil

Thu, 17 Mar 2022

Russia's invasion of Ukraine has kicked off a giant mess in the world of commodities and sent prices...

This Is The Case For Investing In Nuclear Power

Mon, 14 Mar 2022

The soaring price of electricity, particularly in Europe, is once again causing a search for alterna...

Here's What Cyber War With Russia Would Actually Look Like

Thu, 10 Mar 2022

Russia’s invasion of Ukraine has set off a new wave of concern about cyber attacks. Indeed, there ...

Matt Klein on How Germany Wound up So Dependent on Russian Gas

Mon, 07 Mar 2022

Harsh sanctions have been imposed against Russia over its invasion of Ukraine. However, the country'...

This Is What Sanctions Can Do to the Russian Economy

Thu, 03 Mar 2022

U.S. and E.U. countries have unveiled extraordinarily tough sanctions against Russia over its invasi...

Zoltan Pozsar on Russia, Gold, and a Turning Point for the U.S. Dollar

Wed, 02 Mar 2022

Even prior to Russia's attack on Ukraine, the global economy was facing an extraordinary moment. Now...

This Is the Teamster Effort To Organize the Truckers at the Ports

Mon, 28 Feb 2022

Some truckers make good money and have a high degree of control of their schedule. Others work for l...

The White House’s Brian Deese on Supply Chains and Biden’s Economic Agenda

Thu, 24 Feb 2022

GDP is booming. The labor market is booming. However inflation is elevated, and consumer sentiment i...

This Is What Needs To Happen for Oil Prices to Finally Come Down

Mon, 21 Feb 2022

The price of oil has surged over the last year, and U.S. oil companies are making money hand over fi...

Howard Lindzon on What’s Really Going on in the Tech Plunge

Thu, 17 Feb 2022

It's been a terrible few months for growth stocks. Small, unprofitable tech companies have crashed. ...

Tim Duy on the Huge Challenge the Fed Now Has in 2022

Mon, 14 Feb 2022

As inflation data continues to come in hotter than expected, pressure on the Fed is ramping up big t...

Michael Lewis on Why the World Is Still Reading “Liar’s Poker”

Thu, 10 Feb 2022

The book “Liar's Poker” came out in 1989. Its depiction of Wall Street culture — obnoxious, cr...

This Is What Happened to the Price of Nails Over the Last 330 Years

Mon, 07 Feb 2022

We're in a period of elevated inflation right now. But at least there's some good news: The price of...

Eva Beylin on eGirl Capital, The Graph, and Building Web3

Thu, 03 Feb 2022

Obviously, there's been a tremendous amount of volatility in crypto lately. But what has been the ef...

China Is Changing Its Coal Use, and It Affects the Whole World

Mon, 31 Jan 2022

Over the last several months, Europe has seen its power costs soar. There are many drivers of it, bu...

This Is the Evergrande Endgame as China’s Property Problems Spread

Thu, 27 Jan 2022

Late last year, the big Chinese property developer Evergrande started running into severe financial ...

The Electric Vehicle Revolution Is On, and It’s Going to Change Everything

Mon, 24 Jan 2022

The EV revolution is official on. Sales are soaring around the world as the internal combustion engi...

Inventory Vanishing and Bidding Wars Exploding in Crazy U.S. Housing Market

Thu, 20 Jan 2022

If you wanted to buy a home in 2021, you probably found it a frustrating experience, rife with a sho...

Paul Mcnamara on the Problem With Turkey, and the Attempt To Save the Lira

Mon, 17 Jan 2022

Near the end of 2021, Turkey's government undertook a bold measure to stabilize the lira after the c...

Afghanistan’s Former Central Bank Chief on the Dire State of the Country’s Economy

Thu, 13 Jan 2022

The Afghanistan economy was already in bad shape, with heavy reliance on foreign dollars, prior to t...

A Top Antitrust Lawyer on How Increased Competition Could Fight Inflation

Mon, 10 Jan 2022

When people think about tools to fight inflation, usually things like taxes or monetary policy come ...

Why the Price of Coffee Beans Soared in the Last Year

Thu, 06 Jan 2022

Agricultural commodities have generally surged in price over the last year. One commodity that's gon...

Understanding Turkey’s Bold Plan To Stabilize the Lira

Mon, 03 Jan 2022

The Turkish lira was incredibly volatile in 2021. After getting crushed and falling to record levels...

Mike Demarais on Design in Crypto and What Web 3.0 Will Look Like

Mon, 27 Dec 2021

Everyone's talking about Web 3.0 (or Web3), but there's a lot of ambiguity about what exactly it's g...

Jon Turek on the Macro Outlook for 2022

Thu, 23 Dec 2021

2021 was a historic year for markets and the broader economy. For the first time, seemingly in ages,...

Gene Seroka on What’s Happening Now at the Port of LA

Mon, 20 Dec 2021

There's no single measure we can look at to tell us whether supply chains are improving or not. Ther...

This Is the Booming Movement To Abolish Work as We Know It

Thu, 16 Dec 2021

Over a million people are members of a subreddit called r/AntiWork, whose slogan is "Unemployment fo...

Why the Price of Wooden Shipping Pallets Has Soared

Mon, 13 Dec 2021

The humble wooden shipping pallet is probably not something that most people think about too much. B...

This Is Why the Nation Is Facing a School Bus Driver Shortage

Thu, 09 Dec 2021

There have been a lot of stories about the challenges of keeping schools open over the last two year...

Richard Bookstaber on the Big Structural Risk in the Market Right Now

Mon, 06 Dec 2021

The stock market has basically been a one-way ship for 20 months now. So of course, some people get ...

Paradigm’s Matt Huang on the Biggest Crypto Fund Ever Raised

Thu, 02 Dec 2021

Money continues to pour into the crypto space at a rapid clip. Institutions, VCs, private investors ...

Why Job Openings Are Surging, Even With So Many People Out of Work

Mon, 29 Nov 2021

Normally, economists expect a somewhat stable relationship between job openings and the unemployment...

The White House’s Envoy on What They’re Doing To Fix the Ports

Thu, 25 Nov 2021

Most of the big retailers have assured their customers that shelves will be stocked for the holidays...

Jason Furman on Red-Hot Inflation and What To Do About It

Mon, 22 Nov 2021

Inflation is hot. You can debate why that is, or how long it will last, or who is to blame, or wheth...

Here's Why It's So Hard to Fix the Corporate Bond Market

Thu, 18 Nov 2021

The corporate bond market is huge and important, allowing U.S. companies to tap investors for much n...

ASML, the Obscure Powerhouse at the Cutting Edge of Chip Technology

Mon, 15 Nov 2021

This year has brought fresh awareness to the complexity of the semiconductor supply chain. Taiwan Se...

This Is the Perfect Storm That Caused Grain Prices To Soar

Thu, 11 Nov 2021

Inflation is running at its fastest pace in over 30 years. And one upward contributor to it is highe...

Stinson Dean on the Lumber Crash That Followed the Boom

Mon, 08 Nov 2021

These days, commodities around the world are on a tear. But earlier this year, there was a lot of fi...

Citi’s Matt King on Why Inflation Isn’t Transitory and the Fed May Induce a Recession

Thu, 04 Nov 2021

Inflation is elevated these days, and markets around the world are pricing in rate hikes. However, r...

This Is How They Could Literally Mint a Trillion Dollar Coin

Mon, 01 Nov 2021

See omnystudio.com/listener for privacy information.

Craig Fuller on the Huge Challenge of Getting the Ports To Operate 24/7

Thu, 28 Oct 2021

In recent weeks, the White House has attempted to make a greater effort to improve the functioning o...

Dan Alpert on the Big Difference Between Now and the 1970s

Mon, 25 Oct 2021

Official inflation measures in the U.S. remain elevated and so, of course, this has a lot of people ...

Axie Infinity, the Crypto Game That’s Grown Over 200x This Year Alone

Thu, 21 Oct 2021

Bitcoin just hit an all-time high and crypto mania is in full swing. One of this year's big winners ...

Goldman’s Jeff Currie: It’s a Commodities Supercycle, and We Still Haven’t Hit Max Pain

Mon, 18 Oct 2021

Back in January, we spoke with Jeff Currie, the Global Head of Commodities Research at Goldman Sachs...

Ryan Petersen on How Global Supply Chains Have Gotten Even Worse

Thu, 14 Oct 2021

We've been covering global supply chain pressures almost since the beginning of the year on Odd Lots...

Michael Pettis on What Evergrande Means for China’s Macro Economy

Mon, 11 Oct 2021

The implosion of Evergrande continues. And nobody knows exactly how the losses will be distributed. ...

Introducing: Breakthrough

Fri, 08 Oct 2021

On Breakthrough, a new series from the Prognosis podcast, we explore how the pandemic is changing ou...

Here Are the Biggest Problems Facing the Fed Right Now

Thu, 07 Oct 2021

The Federal Reserve has a lot on its plate at the moment. Not only are "transitory" inflation pressu...

This Is How the Trillion Dollar Coin Could End Debt Ceiling Fights for Good

Mon, 04 Oct 2021

Every few years, people are reminded of the weird law the United States has: the debt ceiling. Congr...

Isabella Weber on China’s Vision for Making Markets Work

Thu, 30 Sep 2021

For years, people have talked about China's ongoing process of opening up, or liberalizing its econo...

This Is What the Pandemic Did to the U.S. Rail System

Mon, 27 Sep 2021

The pandemic has obviously sent shockwaves throughout the supply chain. And, despite hopes of normal...

How To Understand the Inflation We’re Seeing Right Now

Thu, 23 Sep 2021

Over the last several months, inflation has risen at a pace significantly faster than what economist...

Understanding Evergrande, the Chinese Real Estate Conglomerate That’s Nearing Collapse

Mon, 20 Sep 2021

If you've been following the wild ride that is Chinese real estate, then you've definitely heard of ...

Stacy Rasgon on How the Global Chip Crisis May Be Getting Even Worse

Thu, 16 Sep 2021

We've been talking about chips on Odd Lots for almost a year now. Thanks to a unique combination of ...

Dan Wang Explains What China's Tech Crackdown Is Really All About

Mon, 13 Sep 2021

Over the last several months, Chinese authorities have undertaken a sweeping campaign of change. We'...

Zoltan Pozsar on What’s Going on in Rates Markets Right Now

Thu, 09 Sep 2021

There's a lot happening in the plumbing of the financial system. The Federal Reserve's reverse repo ...

Patrick O'Shaughnessy on the Next Big Thing in Passive Investing

Mon, 06 Sep 2021

Passive investing is kind of boring. You dump your money in an index fund and that's it. The industr...

Omair Sharif Explains How Inflation Measures Really Work

Thu, 02 Sep 2021

When people think about what inflation is, they might first think about some broad index like the CP...

How Solana and Pyth Aim To Take DeFi to the Next Level

Mon, 30 Aug 2021

There's obviously a lot of interest in crypto and DeFi these days. And while it's growing rapidly, i...

Mitu Gulati and Ugo Panizza on Haiti’s Odious Post-Colonial Debt

Thu, 26 Aug 2021

Nearly 200 years ago, the colonialist French power granted independence to Haiti. But it did so unde...

A Conversation With Ajmal Ahmady, Afghanistan’s Former Central Bank Chief

Mon, 23 Aug 2021

Over the last week and a half, the world has watched in shock at the dizzying speed of the collapse ...

David Woo on What the Economists Got Wrong About the Stimulus

Thu, 19 Aug 2021

David Woo has always been one of the most outspoken voices on the street. A former top strategist at...

Neel Kashkari on the Fed’s Quest To Get To Full Employment

Mon, 16 Aug 2021

The last two jobs reports have been strong, but the unemployment rate remains over 5%. And by some e...

Brent Donnelly on What It Takes To Be a Winning Trader

Thu, 12 Aug 2021

The last 18 months has seen an incredible influx of people getting into trading. Thanks to a combina...

Dallas Fed President Rob Kaplan on the Economy and Monetary Policy Right Now

Mon, 09 Aug 2021

The economy is in uncharted territory in more ways that one right now. Coming out of the worst of th...

Sam Bankman-Fried and Matt Levine on How the Crypto Market Really Works

Thu, 05 Aug 2021

Sam Bankman-Fried is arguably the most important and powerful person in crypto. His crypto exchange ...

Gene Seroka on the Logistical Logjam at the Port of LA

Mon, 02 Aug 2021

America's ports are a key source of congestion contributing to supply chain disruptions rippling thr...

The Bathtub Episode: How the Pandemic Disrupted Plumbing

Thu, 29 Jul 2021

When you think about building a new home, obviously you think of various constraints regarding land,...

GXO's CIO on the Past, Present, and Future of Warehouses

Mon, 26 Jul 2021

You can't talk about supply chains without talking about warehouses. Basically everything we buy at ...

What Complexity Economics Can Add to Our View of the World

Thu, 22 Jul 2021

Over the past year it's become clear that traditional economics doesn't necessarily do a great job o...

Why Everyone's Experience Of Inflation Is So Different

Mon, 19 Jul 2021

Inflation is running hot these days. But, even when the official measures were considerably cooler, ...

Vlad Zamfir on the Dangers of Unstoppable Software and What People Get Wrong About Blockchains

Thu, 15 Jul 2021

Vlad Zamfir is something of a crypto legend. The researcher was early into Bitcoin, and he was part ...

The Labor Episode: How the Omni Hotel Chain Is Dealing With Hiring Right Now

Mon, 12 Jul 2021

One of the big stories in the economy right now is the high number of unfilled job openings in the l...

Steve Keen Says Economists Get Everything Wrong (Especially About Climate Change)

Thu, 08 Jul 2021

Mainstream economics has come under attack lately. People have begun questioning its understanding o...

Ryan Holiday on Opening a Bookstore During a Pandemic

Mon, 05 Jul 2021

Bookstores typically aren't seen as the most attractive businesses in the year 2021. Add in the pand...

This Is the Vision for DeFi Built on Bitcoin

Thu, 01 Jul 2021

There's a lot of hype about so-called DeFi (decentralized finance) these days, and much of it is bas...

Tom Schmidt Explains What You Need to Know about DeFi

Mon, 28 Jun 2021

By now you've no doubt heard about DeFi: the hot vision of crypto that aims to disrupt traditional l...

Hyun Song Shin on CBDCs and the Future of Central Banking

Thu, 24 Jun 2021

The world's central bankers are facing challenges the likes of which they've never seen before. We'r...

The Trucking Episode: Why the Industry Is Such a Mess

Mon, 21 Jun 2021

You can't talk about the problems in logistics and supply chains right now without talking about tru...

Why Ram Parameswaran Says the World's Biggest Tech Stocks Are Ridiculously Cheap Right Now

Thu, 17 Jun 2021

Everyone knows that tech stocks performed amazingly well amid the coronavirus crisis. In the last fe...

Why Tracy Can't Ship a Teddy Bear from Hong Kong to the U.S. Right Now

Mon, 14 Jun 2021

By this point, you're aware that shipping anything internationally is pretty tough right now. It tur...

Why Brooklyn Nets Star Spencer Dinwiddie Co-Founded a Crypto Startup

Thu, 10 Jun 2021

Over the last year, numerous celebrities and athletes have gotten into crypto in some way. For examp...

This Is How the U.S. Ran Out of Homes for Sale

Mon, 07 Jun 2021

Home demand is booming. By some measures, the market is even hotter than it was during the peak prio...

Dan Ariely on How To Win Big by Betting on Human Capital

Thu, 03 Jun 2021

Dan Ariely is one of the most famous behavioral economists in the world. And in his latest act, he's...

Roshun Patel on What Really Happened During the Crypto Market Crash

Mon, 31 May 2021

The crypto market recently experienced one of its worst crashes ever, with numerous coins cut in hal...

Data Centers, Crypto Miners, and Gamers Are All Battling for Semiconductors

Thu, 27 May 2021

These days, there's a shortage of chips everywhere you look. Some of it is related to idiosyncratic ...

Daniela Gabor on the Critical Case Against Private Sector ESG

Mon, 24 May 2021

Over the last few years, ESG has become a gigantic industry. Due to concerns over climate, the treat...

Aaron Lammer on Yield Farming and Trading in the World of DeFi

Thu, 20 May 2021

"Decentralized Finance," "Yield farming"... you've probably heard these terms before, but have very ...

How the World's Companies Wound Up in a Deepening Supply Chain Nightmare

Mon, 17 May 2021

By now, everybody knows that global supply chains are a mess. Not a day goes by where there isn't ne...

Jared Bernstein on Taxes, Spending, and Why President Biden Wants to 'Pay for It'

Thu, 13 May 2021

Jared Bernstein has been a longtime advisor to President Joe Biden. He was his advisor while Biden w...

A Special Announcement From Joe and Tracy

Tue, 11 May 2021

Please check out this special announcement from Joe and Tracy, who have an update on a new Odd Lots ...

Viktor Shvets on Inflation and How Crypto Could Cause the Next Financial Crisis

Mon, 10 May 2021

What will the economy really look like when things normalize? Lots of people are, of course, anticip...

Hayden Adams Explains Uniswap and the Rise of DeFi

Thu, 06 May 2021

There's an irony with crypto. While so much of it is ostensibly about circumventing legacy finance, ...

How to Make the U.S. Semiconductor Industry Boom Again

Mon, 03 May 2021

This year, everyone's become aware of the hollowing out of U.S. semiconductor manufacturing capacity...

What Adam Tooze Learned About the World Last Year

Thu, 29 Apr 2021

There's probably nobody better at synthesizing massive events like Columbia professor Adam Tooze. Hi...

Why the Price of Lumber Has Soared Day After Day After Day

Mon, 26 Apr 2021

It's not often that lumber becomes a national obsession. But this year it has. Thanks to a combinati...

How to Build a Portfolio That Outperforms For a Century

Thu, 22 Apr 2021

There's a huge question mark at the moment about whether markets are at some sort of important turni...

John Hempton on Greensill, Archegos and What It's Like To Short Right Now

Mon, 19 Apr 2021

It's a weird moment for the markets. The big stock indices are near all time highs. And yet there ha...

Zach Carter on the Real Story of Weimar Hyperinflation

Thu, 15 Apr 2021

Whenever the government is engaging in fiscal or monetary expansion, people like to invoke the histo...

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

Mon, 12 Apr 2021

When GameStop shares skyrocketed earlier this year, numerous pundits were quick to ascribe political...

Why Treasury Market Spasms That Shouldn't Happen Keep Happening

Thu, 08 Apr 2021

The U.S. Treasury market is the biggest, most liquid market in the world. Its smooth functioning is ...

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

Mon, 05 Apr 2021

In the modern age, we expect to be able to turn on our computers, enter in a ticker, and know the ac...

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

Thu, 01 Apr 2021

The crypto market has come a long way in recent years. But it's still far less efficient than your t...

How Gigantic Ships Are Creating Global Supply Chain Havoc

Wed, 31 Mar 2021

The Ever Given has been freed from the Suez Canal. But the whole situation was indicative of a broad...

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

Mon, 29 Mar 2021

When the GameStop and Robinhood story exploded at the end of January, suddenly everyone took an inte...

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

Thu, 25 Mar 2021

What is the connection between the big trend in interest rates over the last several years and the c...

Luke Kawa on the Macro Situation Right Now

Mon, 22 Mar 2021

Over the last several weeks, we've seen major developments in the macro situation. The vaccine rollo...

Stephanie Kelton on How MMT Won the Fiscal Policy Debate

Thu, 18 Mar 2021

In a sense, Modern Monetary Theory has won. This is not because policy measures are necessarily in l...

Did We Just Experience a Break in the Neoliberal Consensus?

Mon, 15 Mar 2021

For decades, the dominant economic philosophy of the United States has been that fiscal policy shoul...

Introducing: Doubt

Fri, 12 Mar 2021

A few decades ago, nobody really questioned vaccines. They were viewed as a standard part of staying...

Michael Pettis on Persistent Imbalances in Post-Pandemic China

Thu, 11 Mar 2021

By some measures, the Chinese economy did better in 2020 than just about anywhere else. For one thin...

Why Music Back Catalogs Have Become a Red-Hot Asset Class

Mon, 08 Mar 2021

Bob Dylan did it last year. Shakira did it in January. More and more famous musicians are selling of...

Coming Soon: The Pay Check Season 3

Fri, 05 Mar 2021

More than 150 years after the end of slavery in the U.S., the net worth of a typical white family is...

Zoltan Pozsar on What Just Happened with the Treasury Market

Thu, 04 Mar 2021

The Treasury market just experienced what some might call a tantrum. Across the yield curve, we saw ...

Howard Lindzon Tells Us Why He Launched His Own SPAC

Mon, 01 Mar 2021

SPACs, sometimes referred to as blank check companies, are incredibly hot. After being a sort of sle...

How Chinese Buying Is Causing a Boom in Agricultural Commodities

Thu, 25 Feb 2021

There are lots of hot areas in the market, which everybody knows. Stocks are obviously hot, as are i...

This Is How the World Ended up with a Shortage of Semiconductors

Mon, 22 Feb 2021

The world is facing a chip shortage. Numerous companies, including the auto sector, are facing an in...

A Value Manager on How Most Value Managers Are Getting It All Wrong

Thu, 18 Feb 2021

As you might have heard, so-called value investing has not had a good run. At least from a quantitat...

How Boring Food and Beverage Companies Turn into Huge Stock Winners Year after Year

Wed, 17 Feb 2021

During the worst of the pandemic, people loaded up on staples from their grocery store. Shelf-stable...

How Monster Beverage Shares Soared a Monster 100,000% in the Last 20 Years

Mon, 15 Feb 2021

When you think about the big winners in the stock market over the past couple of decades, you might ...

ARK's Head of Research on How They Find the Next Huge Winner

Thu, 11 Feb 2021

In a world dominated by passive investing on one end and retail YOLO traders on the other, there are...

Mike Novogratz's Vision for Rebuilding Finance with Crypto

Mon, 08 Feb 2021

Bitcoin, and crypto more broadly, have been on a huge tear lately. Then, with the chaos surrounding ...

Goldman's Jeff Currie on the Silver Squeeze and the Coming Boom in Commodities

Thu, 04 Feb 2021

It's been a weird several days in the market. What started with a short squeeze in GameStop, driven ...

Benn Eifert Explains How Retail Trading Is Rocking Markets like Never Before

Wed, 03 Feb 2021

We know that retail activity, much of it on Robinhood, has been surging since last spring once the l...

Is The GameStop Trade Really A Political Rebellion?

Tue, 02 Feb 2021

The GameStop short squeeze is one of the most extraordinary events to ever happen in markets. But do...

Can Open-Source Semiconductors Upend the Chip Industry?

Mon, 01 Feb 2021

We're seeing historic change happening in real time in the chip industry. The old leaders are going ...

How One Online Investor Made the Score of a Lifetime on GameStop

Fri, 29 Jan 2021

Everyone is talking about GameStop. The physical games retailer that was left for dead has been one ...

Dan Wang on China's Mission to Be a World Leader in Semiconductors

Thu, 28 Jan 2021

We've been talking a lot on the podcast about semiconductors. The stumble of Intel. The general trou...

The Story of How TSMC Came to Dominate the World

Mon, 25 Jan 2021

In every conversation about computer chips, it always comes back to the dominant player: TSMC. Found...

The Important Lesson a Quant Manager Learned in 2020

Thu, 21 Jan 2021

It goes without saying that 2020 was a year like no other when it comes to the markets. A historic c...

Why the Cost of Shipping Goods From China Is Suddenly Soaring

Mon, 18 Jan 2021

The coronavirus crisis snarled global shipping in early 2020 as borders were closed, but lots of peo...

How the U.S. Lost Chip Dominance and How It Can Be Regained

Thu, 14 Jan 2021

The U.S. was once a manufacturing leader in semiconductors. That's no longer the case, given the ris...

Cowen's Co-President on Why SPACs Are Having Such a Moment

Mon, 11 Jan 2021

One of the surprising developments in the last year was the boom in SPACs. The so-called blank check...

Chess Grandmaster Hikaru Nakamura on Twitch Streaming and “The Queen's Gambit”

Thu, 07 Jan 2021

We're in a rare moment where chess is popular in the United States. There are two big factors drivin...

What Happened to Europe's Economy After the Black Death

Mon, 04 Jan 2021

It's been pointed out that, after the Black Death in Europe, real wages surged because there was suc...

This Is How Prejudice Can Hinder the Economy

Thu, 31 Dec 2020

Economics is all about improving living standards, but rarely does the dismal science deal with soci...

Goldman's Jan Hatzius on the Lessons Learned in 2020

Mon, 28 Dec 2020

2020 has been an absolutely extraordinary year for the economy. In March, we saw the fastest economi...

Michael Saylor, the CEO Who Turned a Software Company Into a Bitcoin Company

Thu, 24 Dec 2020

This past summer, the business intelligence software company MicroStrategy made waves when it put so...

Camille Fournier on Building Tech at Two Sigma

Mon, 21 Dec 2020

We talk a lot about quantitative trading on the podcast, but typically from a rather big picture per...

Apple Is at the Cutting Edge of a Revolution in Chips

Thu, 17 Dec 2020

On a recent episode of Odd Lots, we talked about Intel, and how the former dominant American semicon...

This Is the Macro Picture Going Into 2021

Mon, 14 Dec 2020

It's obviously been an extraordinary year for markets and the economy for reasons that don't need st...

Why Africa Borrowed Billions of Dollars From China

Thu, 10 Dec 2020

It's no secret that some African nations went on a borrowing spree in recent years, tapping both int...

Why the IMF Changed Its Views on Capital Controls

Mon, 07 Dec 2020

For years, the IMF was generally of the view that free trade was good, and that open capital flows w...

Former ECB Chief Economist Peter Praet on What's Next For Central Banks

Thu, 03 Dec 2020

With developed economies still operating well below pre-crisis levels, central banks face substantia...

How the Number One U.S. Semiconductor Company Stumbled

Mon, 30 Nov 2020

For years, Intel has been the pre-eminent U.S. semiconductor company. But lately, the company has st...

How Money Became A Form Of Social Media

Thu, 26 Nov 2020

There are many similarities between cryptocurrencies and social networks. And the rise of payment ap...

Inigo Fraser-Jenkins and Aaron Brown Debate The Future Of Quant Investing

Mon, 23 Nov 2020

Traditional quant strategies that try to screen for stocks that are "cheap" have had an extremely ro...

The Episode That Turned Tracy Into A Bitcoin Bull

Thu, 19 Nov 2020

Bitcoin has been on a tear lately, but it's been a bit unclear as to what's driving it. But whatever...

This Is How People Really Feel About Paying Taxes

Mon, 16 Nov 2020

The politics of taxes are always fraught. In theory, everyone wants to pay less of them and bristle ...

A Political Reporter Argues That Wall Street Doesn't Get DC

Thu, 12 Nov 2020

Investors have always had to pay attention to what's going on in Washington DC, but this year it's b...

This Is The NYSE's Plan To Win More Direct Listings

Mon, 09 Nov 2020

This year's stock market boom has coincided with a boom in new listings. There have been plenty of I...

Michael Mauboussin On Valuing Intangible Assets

Thu, 05 Nov 2020

Measuring a company's book value is a classic practice among investors seeking to understand how muc...

A Forensic Accountant On Why Chinese Internet Companies Are So Tough To Analyze

Mon, 02 Nov 2020

The IPO of Ant Financial will go down as one of the most extraordinary deals of all time. And in gen...

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

Thu, 29 Oct 2020

The COVID-19 crisis has pushed central banks around the world into uncharted territory. Typically wh...

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

Mon, 26 Oct 2020

For months now, traders have been positioning for a major volatility spike around the November elect...

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

Thu, 22 Oct 2020

Central banks around the world are increasingly launching pilot projects to explore the possibility ...

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

Tue, 20 Oct 2020

With just two weeks until the election, talks over a stimulus deal remain ongoing, with negotiations...

A Volatility Arbitrage Trader On What Markets Are Saying Right Now

Mon, 19 Oct 2020

It's been an extraordinary year for traders of volatility. We had the crisis, we had this incredible...

How Tobacco Became One Of The Greatest Investments In History

Thu, 15 Oct 2020

For over a century, tobacco stocks have been among the greatest investments in history, consistently...

Michael Hudson On Why The US Risks Becoming The Next Greece

Mon, 12 Oct 2020

In the wake of the Great Financial Crisis, you heard a lot of talk about the US becoming like Greece...

What It Takes To Win At Quant Investing

Thu, 08 Oct 2020

Interest in quantitative investing strategies continues to grow; however, as the space gets more com...

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

Mon, 05 Oct 2020

One of the guiding lights of Fed policy over the years has been the so-called Neutral Rate of Intere...

Volatility Suppression Turned The Entire Economy Into One Big Carry Trade

Thu, 01 Oct 2020

In a carry trade, an investor borrows money cheaply to buy an asset that yields more. As long as not...

How All Financial Markets Turned Into The Same Big Trade

Mon, 28 Sep 2020

These days it seems like all financial markets are the same big trade. A gold chart looks like a Tes...

This Is What Happened When They Tried To Fix Journalism Using Blockchain

Thu, 24 Sep 2020

Back in 2017, during the Bitcoin boom, there were a number of different attempts to use blockchain t...

A Top Crypto Exchange CEO Explains Why The 2020 Boom Is Different

Mon, 21 Sep 2020

Crypto is hot this year again. In 2020, we've not only seen a substantial rally across a lot of diff...

How Traders Used Google Searches To See The Economic Recovery In Real Time

Thu, 17 Sep 2020

The use of so-called "alternative data" has been gathering attention for some time. Investors have b...

How SoftBank And Robinhooders Added Fuel To The Stock Market Boom

Mon, 14 Sep 2020

One of the most intriguing subplots to the 2020 stock market boom has been the speculative fervor wi...

Why Blank Check Companies Are The Hottest Thing This Year

Thu, 10 Sep 2020

SPACs have been around a long time. The basic premise is that a group of people raise a bunch of mon...

How A New Type Of Money Helped Cause The Great Financial Crisis

Mon, 07 Sep 2020

It's fun to talk about what money is, but often it's hard to connect the dots and make it actually r...

Paul McCulley: We Are "Unambiguously" On The Verge Of A Profound Change In The Economy

Thu, 03 Sep 2020

Paul McCulley is a former Managing Director at PIMCO and a legend of the industry, having helped coi...

Minneapolis Fed President Neel Kashkari On The Historic Challenges For Monetary Policy

Mon, 31 Aug 2020

The Fed is facing historic challenges for two reasons. The first is the coronavirus and the task of ...

The Father Of CMBS Says We’re In ‘Uncharted Territory’ When It Comes To Valuing Real Estate

Thu, 27 Aug 2020

There are some sectors of the real estate market, such as suburban residential housing, that are doi...

The CEO of a $1.4 Billion REIT Explains The Surprising Year In Housing

Mon, 24 Aug 2020

When COVID hit, people had visions of a plunge in home prices and a massive wave of evictions. So fa...

Rep. Ayanna Pressley On How The Fed Can Fight Racial Inequality

Thu, 20 Aug 2020

In the United States, Black Americans have experienced persistently higher levels of unemployment th...

How To Run A Bowling Alley-Arcade-Restaurant-Bar In The Middle Of A Pandemic

Mon, 17 Aug 2020

The pandemic has been brutal for restaurants and other indoor entertainment venues. So imagine runni...

The ECB’s Former Vice-President Explains The Historic Step That Europe Just Took

Mon, 10 Aug 2020

For years, people have identified the lack of fiscal transfers and fiscal burden sharing as one of t...

Viktor Shvets On Why There’s No Going Back To Pre-COVID Capitalism

Thu, 06 Aug 2020

In light of the massive disruption to the economy, there’s a widespread view that things have been...

Why Investors Keep Losing Money Betting Against The Hong Kong Dollar Peg

Mon, 03 Aug 2020

For years, macro hedge fund managers have been stalking the Hong Kong Dollar. Since 1983, the curren...

How They’re Really Making Money On Your Free Robinhood Trades

Thu, 30 Jul 2020

With so many people working at home, bored, and with no sports to bet on, there’s been an incredib...

Introducing: Blood River

Tue, 28 Jul 2020

The killers of Berta Caceres had every reason to believe they’d get away with murder. More than 10...

How A Professional Writer Turned Herself Into A World Class Poker Player

Mon, 27 Jul 2020

Switching careers is always difficult. But former New Yorker staff writer Maria Konnikova did it in ...

Meet The Mayor Who Printed His Own Currency To Fight The Virus

Mon, 20 Jul 2020

With the virus crushing economic activity, local governments have had to cut spending and rely on Fe...

Why Studying Keynes Is More Important Than Ever

Mon, 13 Jul 2020

In response to the economic crisis, governments around the world have engaged in stimulative policie...

How The Government Can Guarantee Everyone A Job And Fix The Unemployment Crisis Immediately

Thu, 09 Jul 2020

Officially, the US unemployment rate stands at 11%. This is higher than the worst levels of the fina...

Why The World Is Getting Angrier, And What Says About The Economy

Mon, 06 Jul 2020

The world has gotten angrier in recent years, and the coronavirus crisis seems likely to have accele...

Hyun Song Shin On What Central Banks Have Learned From The Crisis

Thu, 02 Jul 2020

Central banks and fiscal authorities around the world have taken extraordinary measures to stem the ...

This Is Why The China Bubble Never Seems To Pop

Mon, 29 Jun 2020

For years and years, the Chinese economy has been characterized as a bubble, with too much debt, and...

Introducing Foundering

Thu, 25 Jun 2020

Adam Neumann had a vision: to make his startup WeWork a wildly successful company that would change ...

What The Black Death And Spanish Flu Can Tell Us About What Comes Next

Mon, 22 Jun 2020

Nobody knows what the post-COVID future looks like. But there are some lessons to be learned from pr...

Chamath Palihapitiya Says A Reckoning Is Coming For Big Tech

Thu, 18 Jun 2020

Chamath Palihapitiya is the CEO of Social Capital, the Chairman of Virgin Galactic and a partial own...

Domino’s: This Is How A Pizza Chain Stock Did Just As Well As Google

Mon, 15 Jun 2020

In the summer of 2004, Google went public and, as everyone knows, it’s done phenomenally well. Wha...

Why You Can’t Blame The Fed For Ultra-Low Interest Rates And Soaring Asset Prices

Thu, 11 Jun 2020

One of the characteristics of the pre-crisis (and perhaps also the post-crisis) economy is the prese...

Two Investors Did A Tour Of The Globe To Find The Best Place To Put Their Money

Mon, 08 Jun 2020

As many active fund managers have discovered in recent years, it’s extremely hard to find a sustai...

This Is What Happened To LIBOR During The COVID Crisis

Fri, 05 Jun 2020

Welcome to Part V of the Odd Lots LIBOR series, in which Tracy Alloway and Joe Weisenthal take a loo...

How The Transition Away From LIBOR Is Actually Going

Thu, 04 Jun 2020

Welcome to Part IV of the Odd Lots LIBOR series, in which Tracy Alloway and Joe Weisenthal take a lo...

The Case for AMERIBOR As The Replacement for LIBOR

Wed, 03 Jun 2020

Welcome to Part III of the Odd Lots LIBOR series, in which Tracy Alloway and Joe Weisenthal take a l...

This Is The Index That's Supposed To Replace LIBOR

Tue, 02 Jun 2020

Welcome to Part II of the Odd Lots LIBOR series, in which Tracy Alloway and Joe Weisenthal take a lo...

Meet the Man Who Blew the Whistle on LIBOR

Mon, 01 Jun 2020

Welcome to the Odd Lots LIBOR series, in which Tracy Alloway and Joe Weisenthal take a look at life ...

Here’s Who Really Benefits From The Dominance Of The U.S. Dollar

Thu, 28 May 2020

When people talk about the dominance of the U.S. dollar in global commerce, they often refer to it a...

Three Sovereign Debt Experts Explain How The World Can Instantly Bring Aid To Emerging Markets

Mon, 25 May 2020

The economic crisis will result in an extraordinary amount of pain for emerging markets. In addition...

What The Weak Recovery In Japan Can Teach Us About Re-Igniting The U.S. Economy

Thu, 21 May 2020

Even with the recent stock market rally, expectations are poor for a robust recovery in the U.S. So ...

Mark Cuban On Why The Government Should Directly Hire Millions Of People

Mon, 18 May 2020

How should the government address the economic crisis? On this episode, we talk with Mark Cuban, the...

The Coronavirus Crisis Could Lead To The Mother Of All Trade Imbalances

Thu, 14 May 2020

With the acute phase of the health crisis having faded in China, factory activity has ramped up agai...

Richard Koo Explains Why The Recovery Will Be So Difficult

Mon, 11 May 2020

Countries around the world are undergoing an unprecedented, simultaneous real economic shock. So how...

What the Market Crash Says About How Investing Works

Thu, 07 May 2020

We’ve seen a huge market crash this year and a number of firms reporting portfolio losses. So why ...

Nouriel Roubini Sees A Bad Recovery, Then Inflation, Then A Depression

Mon, 04 May 2020

During the last crisis, the economist Nouriel Roubini earned the nickname “Dr. Doom” for his omi...

How To Fund The Search For A COVID-19 Vaccine And Boost The Recovery

Thu, 30 Apr 2020

The hunt is on for a clinical therapy to prevent or treat COVID-19. But what’s the best way to go ...

Adam Tooze On How This Crisis Is Different Than The Last

Mon, 27 Apr 2020

In 2018, Columbia history professor Adam Tooze published his magisterial work “Crashed”, which f...

How The Coronavirus Crisis Pushed The Fed Into Truly Uncharted Territory

Thu, 23 Apr 2020

The fate of the economy remains extremely unclear. However there is little doubt that the Fed has ta...

Emerging Markets Have Never Experienced A Crisis Like This Before

Mon, 20 Apr 2020

With major economies around the world coming to a screeching halt, emerging markets are in a squeeze...

Why The War On Physical Cash Is A War On Freedom

Fri, 17 Apr 2020

Commerce and payments are increasingly digital. This shift from physical to electronic is one that g...

Marco Rubio On The Effort To Save Jobs And Get People Working Again

Wed, 15 Apr 2020

At the end of March, Congress passed the CARES Act in an attempt to mitigate some of the massive eco...

How To Stop The Fiscal Emergency Facing U.S. Cities And States

Mon, 13 Apr 2020

With the U.S. economy going into a deep slump, the Federal government has attempted to counteract th...

Here’s What’s Happening With Those Korean Structured Notes That Bet Against Market Volatility

Thu, 09 Apr 2020

Earlier this year on Odd Lots, we did an episode about Korean structured investment products that we...

Tom Barrack On The Crisis In The Commercial Real Estate Market

Mon, 06 Apr 2020

The commercial real estate market has been clobbered in this crisis, as restaurants and stores virtu...

Zoltan Pozsar and Perry Mehrling On The Historic Crisis Of Financial Market Plumbing

Mon, 30 Mar 2020

The plumbing of the financial system is coming under strain like never before. On this week’s podc...

How The Crisis Nearly Blew Up One Of The World’s Safest Trades

Thu, 26 Mar 2020

In normal times, U.S. Treasuries are the ultimate safe haven. They are highly liquid and guaranteed ...

A Longstanding Fear About The Corporate Debt Market May Finally Be Coming True

Mon, 23 Mar 2020

For a long time, people have been warning that corporate debt could be the major source of vulnerabi...

How A Macro Manager Is Trading On One Of The Wildest Markets In History

Thu, 19 Mar 2020

Markets around the world are so extremely volatile that nobody can think of any perfect precedent. T...

How Saudi Arabia Delivered A Blow To U.S. Shale Companies At The Worst Possible Moment

Mon, 16 Mar 2020

Saudi Arabia recently announced that it was engaging in a full-on price war by pumping oil like craz...

How To Stop The Recession From Happening Right Now

Thu, 12 Mar 2020

The U.S. is on the verge of an economic crisis due to the coronavirus, as people and businesses aggr...

Did Passive Investing Fuel A Bubble In Ultra-Large Tech Stocks?

Mon, 09 Mar 2020

Questions continue to arise over the effect of passive investing, and whether or not it's somehow di...

How A Profane Subreddit Moved The Market

Thu, 05 Mar 2020

In recent weeks, before the stock market plunged, a page on reddit called r/WallStreetBets suddenly ...

How Iraq Pulled Off One Of The Biggest Sovereign Debt Restructurings Of All Time

Mon, 02 Mar 2020

There are lots of famous debt crises in history, but the story of Iraq's government debt build-up in...

This Is What The Coronavirus Means For The Chinese Supply Chain

Wed, 26 Feb 2020

Apple's recent revenue warning reminded the world of how exposed the company is to China, and in par...

The Jeweler From Uncut Gems Explains Why People Go Crazy For Gold And Diamonds

Mon, 24 Feb 2020

One of the best recent movies was Uncut Gems, in which Adam Sandler plays a Diamond District jeweler...

What the Coronavirus Means for Pandemic Bonds

Mon, 17 Feb 2020

Back in 2017, the World Bank issued the world's first pandemic bonds. The bonds are meant to shift s...

Why The Rise of Passive Investing Might Be Distorting The Market

Mon, 10 Feb 2020

Over the last decade or so, we've seen an incredible rise in so-called passive investing. While defi...

How To Use Fiscal Stimulus To Stave Off The Next Recession

Mon, 03 Feb 2020

There's a growing consensus that governments need to act more aggressively in using fiscal policy to...

Perry Mehrling Explains Why "The Money View" Is Key To Understanding Financial Markets

Mon, 27 Jan 2020

Even to this day, there are economists who don't understand money or don't think that money is an im...

Why The Transition To Clean Energy Is Happening A Lot Faster Than People Realize

Fri, 24 Jan 2020

At the recent World Economic Forum in Davos, there was a lot of talk about the need to change the wo...

How An Exotic Investment Product Sold In Korea Could Create Havoc In The U.S. Options Market

Mon, 20 Jan 2020

What's the connection between low global interest rates, Korean retail investors, and the U.S. optio...

What It's Like To Be An Investor In Iran's Market Right Now

Mon, 13 Jan 2020

Iran's stock market is one of the most unfamiliar equity markets in the world. With Iran under strin...

Introducing Prognosis Season 4: America's Broken Health-Care Costs

Thu, 09 Jan 2020

Americans are paying more and getting less for their health care than ever before. On the new season...

Why So Many Emerging Markets Are Blowing Up Right Now

Mon, 06 Jan 2020

From Argentina to Chile to Lebanon, we're seeing a high degree of political and economic uncertainty...

Why It's A Big Problem That Economists Still Don't Understand Money

Mon, 30 Dec 2019

The severity of the Great Financial Crisis took economists by surprise, particularly the ones who be...

A Human Rights Activist Explains Why Bitcoin Is So Important to His Work

Mon, 23 Dec 2019

When people think about Bitcoin, they often think about neo-goldbugs who hate inflation and the Fede...

How Online Dating Is Reshaping the Entire Economy

Mon, 16 Dec 2019

By this point, everybody knows that online dating is a massive phenomenon, reshaping the social habi...

How Nearly Two Decades Of Fed Policy Contributed To Bubbles, Busts, And A Boom In Debt

Mon, 09 Dec 2019

Many people like to claim that the Federal Reserve is responsible for the high degree of leverage an...

How Bond Defaults Are Changing China's Markets

Mon, 02 Dec 2019

For years, defaults were few and far between in China's corporate bond market. Most investors though...

This is How Economic Crisis and Precarity Shaped the Millennial Generation

Mon, 25 Nov 2019

How do Millennials view investing and spending? How do the rising costs of healthcare, education, an...

How A Former 'Magic: The Gathering' Player Became the Top Tournament Poker Player Of All Time

Mon, 18 Nov 2019

According to the website The Hendon Mob, the top tournament poker player of all time is the American...

Why The Repo Markets Went Crazy, And Why December Could Be Even Worse

Mon, 11 Nov 2019

Back in September, chaos erupted in short-term funding markets, as the cost for financial institutio...

An Anthropologist Explains How Wall Street Culture Reshaped The Entire Economy

Mon, 04 Nov 2019

Where did the notion come from that the obligation of a company's management is to maximize sharehol...

Why Taiwanese Life Insurers Are The Great 'Whodunit' Of The Financial World

Mon, 28 Oct 2019

You probably haven't thought much about the Taiwanese life insurance industry. Why would you have? B...

Coming Soon: Travel Genius Season 2

Fri, 25 Oct 2019

Bloomberg's Travel Genius podcast is back! After clocking another hundred-thousand miles in the sky,...

How Private Sector Balance Sheets Changed Recessions

Mon, 21 Oct 2019

Can the U.S. economy have a recession without it turning into a crisis? In the old days, such garden...

Why Governments Haven't Learned The Lessons Of Japan

Mon, 14 Oct 2019

It's well known that Japan has (until recently) been mired in years of mediocre economic growth. And...

The Odd Lots Variety Show

Mon, 07 Oct 2019

On September 19, 2019, Odd Lots hosted its first-ever live event at the WNYC Greene Space in downtow...

Introducing Stephanomics Season 2

Tue, 01 Oct 2019

Stephanie Flanders, head of Bloomberg Economics, returns to bring you another season of on-the-groun...

How Financial Repression in China Helped Cause the Trade War

Mon, 30 Sep 2019

For years, China has experienced blistering growth. Driven by an investment-heavy economic model, th...

What Businesses Can Learn From the Collapse of Civilizations

Mon, 23 Sep 2019

History is littered with collapsed civilizations ranging from the Maya to Angkor Wat. But what can...

Why The Dominant U.S. Dollar Refuses To Go Away

Mon, 16 Sep 2019

For years, people have been predicting the demise of the U.S. dollar as the global reserve currency....

Huw van Steenis On What Central Banks Will Do Next

Mon, 09 Sep 2019

Last month, central bankers gathered at the annual Economic Symposium in Jackson Hole, Wyoming. A lo...

Why Value Investing Has Been Doing Terribly

Mon, 02 Sep 2019

One of the oldest, most basic strategies in investing is value investing, which, for lack of a bette...

Introducing Prognosis Season 3: Superbugs

Tue, 27 Aug 2019

On this new season of Prognosis, we look at the spread of infections that are resistant to antimicro...

How to Forecast the Future

Mon, 26 Aug 2019

Every day, people are bombarded with predictions of what will happen in the future. In recent months...

John Hempton on What's Ailing Bank Stocks

Mon, 19 Aug 2019

We live in a world of generally expensive stock markets and bank equities trading at 30-year lows. S...

What Negative Interest Rates Mean for the World

Mon, 12 Aug 2019

The amount of negative-yielding debt keeps climbing and now includes bonds issued by emerging market...

How Science Fiction Explains the U.S.-China Trade War

Mon, 05 Aug 2019

It's no secret that a lot of the trade tensions between the U.S. and China have centered on technolo...

Here's How People Are Using Cryptocurrency in Venezuela

Mon, 29 Jul 2019

Last month, Facebook announced it was launching its own cryptocurrency called Libra. Facebook says L...

The Bullish Case for WeWork

Mon, 22 Jul 2019

Of all the “unicorn” startups in recent years, perhaps none induces more skepticism than WeWork....

Why A Longtime Bull Just Flipped Very Bearish On The Stock Market

Mon, 15 Jul 2019

There's always bears out there predicting that the stock market will tank. But many of them aren't w...

What Bitcoin Has To Do With The Dream Of Cryonics

Mon, 08 Jul 2019

Bitcoin has been around for roughly a decade now, but people have been working on the dream of an an...

Why a Strong Dollar Causes Most of the World Major Pain

Mon, 01 Jul 2019

The vast majority of global trade is still denominated in U.S. dollars, making cross-border flows ab...

One of Hong Kong's Most Famous Investors Gives His Vision of the City's Future

Mon, 24 Jun 2019

There's been a series of historic marches in Hong Kong, with millions of people taking to the street...

How Auction Guarantees Are Changing The World Of Art

Mon, 17 Jun 2019

Famous, unique pieces of art are inherently illiquid. They don't sell very often, and pricing is inh...

What Boy Band Sensation BTS Can Teach Us About Economics

Mon, 10 Jun 2019

South Korean boy band BTS is rarely connected to economics, but as the biggest success to come out o...

Why President Trump's Move Against Huawei Is Such A Big Deal

Mon, 03 Jun 2019

Earlier this month, President Trump escalated the trade tensions against China by limiting exports o...

Bloomberg Presents "What Goes Up"

Wed, 29 May 2019

“What Goes Up” is a new show from Bloomberg that tracks the main themes influencing global marke...

Meet The Godfather Of Cryptocurrency

Mon, 27 May 2019

Bitcoin has been around for about ten years. But the dream of a decentralized, anonymous digital cur...

Bloomberg and Wondery Present: The Shrink Next Door

Thu, 23 May 2019

Marty Markowitz had his share of problems. His parents had recently died. He had troubles at work. A...

Behind the Scenes of Financial Fraud

Mon, 20 May 2019

If you lived in NYC a few decades ago, you probably have heard of Crazy Eddie, an electronics retail...

What the Russian Revolution Can Teach Us About Bond Bubbles

Mon, 13 May 2019

When talking government bond defaults, plenty of people think of Argentina and Greece. But the bigge...

Introducing: Business of Bees

Thu, 09 May 2019

These days about one in three bites of food you eat wouldn’t be possible without commercial bee po...

How A Poker Pro 'Reads' His Opponents

Mon, 06 May 2019

Whenever poker is depicted on a TV show or in a movie there's a lot of emphasis placed on the art an...

What Will Crypto’s Market Structure Look Like?

Mon, 29 Apr 2019

Recently, the cryptocurrency exchange Binance delisted a Bitcoin offshoot, causing its price to fall...

The End of An Era for Odd Lots

Mon, 22 Apr 2019

No, no, don't worry, the Odd Lots podcast isn't coming to an end. But for actual odd lots -- trades ...

Introducing "What Goes Up," A New Show From Bloomberg

Wed, 17 Apr 2019

On this new show from Bloomberg, hosts Mike Regan and Sarah Ponczek speak with expert guests each we...

Why Foreign Investors Cooled On U.S. Debt

Mon, 15 Apr 2019

There's something wrong with prices in funding and bond markets, according to this week's Odd Lots g...

MMT And Emerging Markets

Mon, 08 Apr 2019

In discussions about Modern Monetary Theory (MMT) you often hear that while it may be true that the ...

From MMT Advocate To Outspoken Critic

Mon, 01 Apr 2019

Cullen Roche, the author of the financial blog Pragmatic Capitalism, explains why he went from an ad...

A Critic of Cryptocurrencies Says Bitcoin Needs To Be Burnt With Fire

Mon, 25 Mar 2019

There's a problem in many debates about cryptocurrencies and blockchain technology. While many peopl...

The Evolution Of The Online Brokerage Business

Mon, 18 Mar 2019

The online brokerage business burst on the scene in the late 90s, as at-home traders were lured to t...

What's Next For Chinese Trade Talks

Mon, 11 Mar 2019

China is front and center in the news again, thanks to the trade negotiations, as well as the Nation...

Canada's Cannabis Market So Far

Mon, 04 Mar 2019

In mid-October last year, recreational cannabis became legal in Canada. Of course, there are all kin...

How To Analyze An IPO

Mon, 25 Feb 2019

Some of Silicon Valley's biggest unicorns like Uber and Slack are expected to go public this year. B...

Tech Stock Bubbles In the 17th Century

Mon, 18 Feb 2019

Jamie Catherwood is an investment analyst at Arthur J. Gallagher & Co. He's also a major financi...

A Message from The Pay Check

Wed, 13 Feb 2019

The Pay Check is collecting stories for our upcoming season, and we want to hear from you! Did havin...

Understanding The Big Tech Stocks

Mon, 11 Feb 2019

For years, the key to beating the stock market was to invest a lot in the big tech stocks like Faceb...

What To Know Ahead Of India's Election

Mon, 04 Feb 2019

India is going to have a general election in the months ahead, and so it's important to understand t...

How Does The Chinese Economy Work?

Mon, 28 Jan 2019

Matt Boesler, an economics reporter for Bloomberg, had the opportunity to report from Beijing for a ...

The 1MDB Scandal And The Nature of Debt

Mon, 21 Jan 2019

At the heart of government debt is a promise to pay back creditors. But governments sometimes don't ...

Making Bitcoin A Currency People Use

Mon, 14 Jan 2019

Even at Bitcoin’s recent peak, there was very little active use of the cryptocurrency in normal co...

Introducing "Works For Me," A New Podcast From Bloomberg

Wed, 09 Jan 2019

On this new show from Bloomberg, hosts Francesca Levy and Rebecca Greenfield navigate the productivi...

He Rode The Bitcoin Boom All The Way Up, And Down

Mon, 07 Jan 2019

The last two years have been an extraordinary ride for Bitcoin. It exploded in 2017, with the price ...

This is What Traders Will Be Watching In 2019

Mon, 31 Dec 2018

After a volatile 2018, few people in the market expect calm to return anytime soon. Politics, the Fe...

These Were The Most Important Stories for Traders In 2018

Mon, 24 Dec 2018

2018 will go down as one of the most pivotal for financial markets since the financial crisis. We sa...

How Passive Investing Could Change Capitalism

Mon, 17 Dec 2018

The biggest macro trend in investing is the rise of so-called "passive investing." But while this ma...

The Market's Big Bet on Low Volatility

Mon, 10 Dec 2018

The past couple months have seen the return of volatility in markets. On this edition of Odd Lots, w...

How To Analyze The Currency Markets

Mon, 03 Dec 2018

With assets like stocks and bonds, there are clear techniques you can use to value them. But what ab...

How Paul Volcker Views His Life

Mon, 26 Nov 2018

Paul Volcker is widely-regarded as single-handedly halting a period of severe inflation in the U.S. ...

Why Blockchain May Never Benefit Corporations

Mon, 19 Nov 2018

For years, a common mantra among corporate executives has been that "the blockchain," the technology...

This Is How The Unicorn Bubble Will Burst

Mon, 12 Nov 2018

So-called "unicorns" have become household names in recent years. Multi-billion dollar companies lik...

Travel Genius, a New Show From Bloomberg

Tue, 06 Nov 2018

What’s the most sure-fire way to get a flight upgrade? How can you find the best, secret local res...

How The Original Rogue Trader Rebuilt His Life

Mon, 05 Nov 2018

If there's one person associated with the term "Rogue Trader" it's Nick Leeson, who singlehandedly b...

Prognosis, a New Show From Bloomberg

Fri, 02 Nov 2018

Where does a medical cure come from? 100 years ago, it wasn't uncommon for scientists to test medici...

Why Eurodollars Might Be Ground Zero for De-Globalization

Mon, 29 Oct 2018

Eurodollars have nothing to do with the euro-dollar exchange rate. Instead, they're effectively a so...

Coming Soon: The New Economy

Wed, 24 Oct 2018

Bloomberg’s head of economics Stephanie Flanders calls on Bloomberg's worldwide network of reporte...

What Will China’s Economy Look Like In 10 Years?

Mon, 22 Oct 2018

China has a plan for how it wants to transform into a modern economy. But the future of China’s ec...

Coming Soon: The ETF Story

Fri, 19 Oct 2018

The creation story of the first exchange-traded fund is actually the best way to understand how they...

How To Analyze A Marijuana Stock

Mon, 15 Oct 2018

Marijuana stocks have been on a tear recently, as investors bet on the explosion of a brand new, leg...

Saudi Arabia's IPO Drama

Mon, 08 Oct 2018

A little over two years ago, Saudi Arabia revealed plans to IPO part of its huge state-owned nationa...

What David Barse Learned From Watching A Credit Fund Blow Up

Mon, 01 Oct 2018

David Barse was the CEO of Third Avenue Management when one of its credit funds melted down in late ...

How To Create The Safest Bank In America

Mon, 24 Sep 2018

What if there were a bank that could never experience a run? And furthermore, what if it paid higher...

What Investors Should Know About The Correlation Between Bonds And Stocks

Mon, 17 Sep 2018

Sixty percent in equities/40 percent in bonds is a popular, general approach to structuring a divers...

A Forensic Accounting Expert Explains How Companies Trick Investors

Mon, 10 Sep 2018

Companies have all kinds of discretion in how they recognize revenue and costs. Some of this is legi...

Matt Levine Dissects Elon Musk's Controversial Tweet

Tue, 04 Sep 2018

There's been an intense debate about what Tesla CEO Elon Musk meant when he tweeted in early August ...

The Time One Of Our Co-Hosts Launched His Own Cryptocurrency

Mon, 27 Aug 2018

Joe Weisenthal is a co-host of the Odd Lots podcast. He also once launched his own cryptocurrency ca...

An Emerging Markets Fund Manager Describes What's Happening In Turkey Right Now

Mon, 20 Aug 2018

Are you confused about the crisis in Turkey? Today's episode will get you cleared up. This week on O...

How Wall Street Started Selling You Financial Products

Mon, 13 Aug 2018

Open any financial publication and you'll see ads for investment products: exchange-traded funds, mu...

How A Post-Keynesian Economist Sees The Markets Right Now

Mon, 06 Aug 2018

Srinivas Thiruvadanthai is the Director of Research at the Jerome Levy Forecasting Center, and one o...

Even The World's Greatest Investors Have Made Horrible Mistakes

Mon, 30 Jul 2018

Here's some good news for investors: If you've ever made a disastrous trade, you're not alone. All o...

Why Understanding Financial Fraud Is The Secret To Understanding Business

Mon, 23 Jul 2018

If you want to understand how the human body works, you can't just look at healthy humans. You need ...

How to Listen to What the Market Is Trying to Tell You

Mon, 16 Jul 2018

For years, it was pretty quiet in markets. Stocks kept making new highs and volatility drifted to fr...

This Is What's Actually Happening When The Government Auctions Bonds

Mon, 09 Jul 2018

Thanks to the tax cuts, the U.S. deficit is expected to surge again. And of course that's brought gr...

The Internet Is Secretly Powered By Billions Of Tiny Auctions

Mon, 02 Jul 2018

Everyone knows that online advertising pays for a massive chunk of the internet that people know and...

The Creator of VaR Explains How Large Banks Measure The Risk Of Their Own Portfolios

Mon, 25 Jun 2018

Earlier this year, markets were spooked by blow-ups in a number of volatility-linked products. But d...

Meet The Chicago Floor Trader Who Helped Inspire The Tea Party Movement

Mon, 18 Jun 2018

A pivotal moment in U.S. political history is when CNBC's Rick Santelli went on a gigantic rant agai...

The Inventor Of 'Bond Vigilantes' Explains Why They Just Showed Up In Italy

Mon, 11 Jun 2018

Longtime market analyst Ed Yardeni came up with the term "Bond Vigilantes" to describe the way bond ...

This Is How The Chocolate Market Actually Works

Mon, 04 Jun 2018

When you're eating a chocolate bar, there's a good chance you're not thinking about the complex comm...

What the Finance Industry's All-Night Scavenger Hunt Is Actually Like

Mon, 28 May 2018

For years, big banks, hedge funds and other investment firms took part in an epic scavenger hunt in ...

This Is China's Plan To Be A Technology Powerhouse By The Year 2025

Mon, 21 May 2018

The recent trade tensions between the Trump administration and China has shone a light on the countr...

Inside the Multi-Year Quest to Create a Bitcoin ETF

Mon, 14 May 2018

When Bitcoin first began generating headlines, there were some who thought the cryptocurrency was a ...

Bonus: The Pay Check, a New Podcast

Wed, 09 May 2018

It’s a big, expensive, global mystery. Why do women still make less money—a lot less—than men?...

This Is How The Paparazzi Business Really Works

Mon, 07 May 2018

Everybody probably has some vague idea of what the paparazzi do. They ride around on motorcycles, ho...

These Stories Of Horse Racing Gamblers Will Get You Psyched For The Kentucky Derby

Mon, 30 Apr 2018

The Kentucky Derby is coming up in early May, and it's time to get excited. On this week's Odd Lots ...

Why The Entire Way We Talk About Millennials Is Wrong

Mon, 23 Apr 2018

When it comes to millennials, the media has certain tropes that it likes to go back to. Millennials ...

We're Nominated For A Webby Award, And We Need Your Help!

Mon, 16 Apr 2018

We've been nominated for a Webby Award in the business podcast category, and we need the support of ...

Why A Florida Orange Grove In 1946 Is The Key To Understanding Regulation Of ICOs

Mon, 16 Apr 2018

By now, everyone's heard of ICOs (Initial Coin Offerings) where companies issue their own currency-l...

This Is What A Trade War With China Would Actually Look Like

Mon, 09 Apr 2018

Recent threats to impose tariffs on Chinese goods, coupled with China's own retaliatory announcement...

An Economist Explains Why Losing Weight Is Kind Of Like Defeating Inflation

Mon, 02 Apr 2018

A lot of people would probably agree that there's something wrong with much of the traditional advic...

The World's Most Controversial Interest Rate Is Haunting Us Again

Mon, 26 Mar 2018

Remember LIBOR? The London Interbank Offered Rate measures the cost of money when banks borrow from ...

What It Was Like In The Glory Days Of Trading Currencies In The Pits

Mon, 19 Mar 2018

These days, when you think of trading, you think of people sitting at a desk with a bunch of monitor...

For The First Time In Years, Why People Are Suddenly Talking About Inflation Again

Mon, 12 Mar 2018

For years, nobody seemed particularly concerned about inflation. Outside of a few blips, in the wake...

Why The Human Brain Loves To Be Lied To

Mon, 05 Mar 2018

In theory, people should want to know accurate facts about the state of the world. In practice, it's...

Coming Soon: Decrypted Season 2

Tue, 27 Feb 2018

Decrypted returns on March 6th with a brand new season. Here's a sneak peek of what's in store. We'l...

The NYC Fiscal Crisis Of The 1970s Has Some Important Lessons For Today

Mon, 26 Feb 2018

In the 1970s, NYC teetered on the verge of bankruptcy. This crisis lead to the dismantling of the ci...

How One Of The Most Profitable Trades Of The Last Few Years Blew Up In A Single Day

Mon, 19 Feb 2018

In recent years, one of the easiest ways to make money in this market has been to bet on low volatil...

Coming Soon: What'd You Miss This Week

Mon, 12 Feb 2018

This month, Bloomberg is excited to bring you a brand new show. Every Friday on What'd You Miss This...

Annie Duke Explains How To Apply Poker Skills To Markets And Other Business Decisions

Mon, 12 Feb 2018

Anyone who watched poker on TV during the golden age of coverage a few years ago is familiar with An...

Why One Of The Most Successful Quant Funds Decided To Create Its Own Video Game

Tue, 06 Feb 2018

Quantitative finance is red hot. These days, basically everyone (banks, hedge funds etc.) is hiring ...

How The Opioid Crisis And The Trump Administration Are Changing Middle America's Economy

Mon, 29 Jan 2018

If you cover the economy from New York City or Abu Dhabi, it's easy to get caught up in a media bubb...

How Radical Demographic Shifts Around The World Are Changing How Assets Are Valued

Mon, 22 Jan 2018

When we think about financial assets, we usually think of their price as being derived from some set...

This Explains Why Modern Markets Developed Where They Did

Mon, 15 Jan 2018

For centuries, markets were highly-personalized things, often controlled by select groups of people ...

This Is What It Was Actually Like To Live Through The Tech Bubble

Mon, 08 Jan 2018

We talk a lot about bubbles on this podcast. Often we talk about them from the perspective of a trad...

These Will Be The Big Markets And Economics Stories In 2018

Tue, 02 Jan 2018

On last week's episode of Odd Lots, Bloomberg's Chris Nagi and Matt Boesler gave us their takes for ...

These Were The Biggest Markets And Economics Stories of 2017

Tue, 26 Dec 2017

The year is over, and now's the time to look back at the big stories of the past year. On this week'...

This Is How Algorithms Impact Every Aspect Of Our Lives, from News to Credit Scores to Stocks

Mon, 18 Dec 2017

Algorithms. People talk about them all the time, particularly in relation to markets. But who actual...

Two Researchers Explain How Quants Are Going To Revolutionize Long-Term Investing

Mon, 11 Dec 2017

When we think of computer-driven or "quant" investing, we often think fast moves, algorithms making ...

An MIT Professor Explains His Original Theory For How Markets Really Work

Mon, 04 Dec 2017

There are two popular schools of thought with regards to how markets work. There's the efficient mar...

Coming Soon: Trillions, a New Podcast

Tue, 28 Nov 2017

Money goes where it's treated best. That simple truth is a big reason why more and more money—tril...

Why Historic Relationships in Markets Have Been Totally Upended

Mon, 27 Nov 2017

This month we saw a small sell-off in markets that got big attention. How did we get to the point wh...

The World's Foremost Expert Explains How To Value Stock

Mon, 20 Nov 2017

In this age of algorithms and quants, you hear less and less about good old stock picking. You know,...

This Is How a Currency Trader Actually Picks What to Buy and Sell

Mon, 13 Nov 2017

Most asset classes move in a fairly straightforward manner. They're either going up or down at any g...

History Has Some Ominous Warnings for Investors in Initial Coin Offerings

Mon, 06 Nov 2017

You can't go a day without hearing about ICOs or Initial Coin Offerings. By taking advantage of a re...

Everything You've Been Taught About How to Value a Stock Might Be Wrong

Mon, 30 Oct 2017

Investors are constantly poring over income statements from big companies to figure out whether they...

ETFs Are Eating the Financial World and They're Not Done Yet

Mon, 23 Oct 2017

By now, almost everyone in financial markets is familiar with ETFs (exchange-traded funds), and how ...

How One Trader Won Big While Everyone Else Panicked on Black Monday

Mon, 16 Oct 2017

On Monday October 19th, 1987, the Dow Jones fell 508 points in a one day crash that will forever be ...

What We Can Learn About Market Liquidity By Looking At Everyday Life

Mon, 09 Oct 2017

"Liquidity" is one of the most widely-talked about yet least understood concepts in markets. Roughly...

Inside the Changing World of the Sell-Side Analyst

Mon, 02 Oct 2017

The world of sell-side analysts has been upended in recent years with intense competition, new techn...

Revisiting The Strange Story Behind the Beanie Babies Bubble

Mon, 25 Sep 2017

To wrap up our series on financial bubbles, the Odd Lots podcast looks back at an early episode, foc...

The Baseball Card Bubble Can Tell You A Surprising Amount About How Markets Work

Mon, 18 Sep 2017

There's a good chance that if you were a boy in the early 90s that you were a collector of baseball ...

How an Austrian Economist Explains The Tulip Bubble

Mon, 11 Sep 2017

The tulip bubble is the quintessential bubble. If you want to call something a bubble, just mutter s...

This Is What Happened During The Great Florida Real Estate Bubble

Mon, 04 Sep 2017

During the 2008 financial crisis, Florida was an epicenter of the real estate meltdown. But for deca...

This Is What All Great Stock Market Bubbles And Crashes Have in Common

Mon, 28 Aug 2017

Markets are at their most exciting when they're in a bubble. Spectacular fortunes can be made and lo...

What Looking Inside a Bank Archive Can Tell Us About Modern Finance

Mon, 21 Aug 2017

Royal Bank of Scotland has been around, in one form or another, for hundreds of years. The company k...

The Biggest Lesson Investors Should Have Learned From the Crisis

Mon, 14 Aug 2017

It's been 10 years since the start of the credit crunch that eventually led to the global financial ...

What Diner's Club Card Reveals About the Nature Of Money

Mon, 07 Aug 2017

We use money everyday, but it's rare to actually think about what money is or what it represents. An...

How The Bond Market Changed During A Veteran Trader's Decades On Wall Street

Mon, 31 Jul 2017

Most people have some kind of hazy conception of how the stock market works. Stocks are simple to un...

What It's Like to Suddenly Become a Bond Manager in the Credit Crisis

Mon, 24 Jul 2017

We talk a lot on Odd Lots about the idea of investing. But what's it like to actually have to put mo...

Why Wheat is the World's Most Exciting Market Right Now

Mon, 17 Jul 2017

Financial markets around the world are stuck in a long period of low volatility and boredom. But one...

How A Former Wall Street Trader Cracked The World Of Betting On Baseball

Mon, 10 Jul 2017

It's no secret that a lot of people in finance like to bet on things. But how many of them take the ...

Why a Natural Gas Company Is Shaking the World of Islamic Finance

Mon, 03 Jul 2017

Earlier this month, Dana Gas, a UAE-based company, rocked the world of Islamic finance by announcing...

This Is What a Real-Life Wendy Rhoades Actually Does

Fri, 23 Jun 2017

On the TV show "Billions," one of the most important characters is Wendy Rhoades, the psychologist a...

Inside The Booming World of Initial Coin Offerings

Fri, 16 Jun 2017

By now everyone's heard of Bitcoin, and probably has an opinion on it. But the world of cryptocurren...

The True Story Of America's Catfish Gold Rush

Fri, 09 Jun 2017

America has had many well-known booms and busts in its history: Real estate, internet stocks, Beanie...

Why Everyone's Talking About the VIX and 50 Cent

Fri, 02 Jun 2017

For the past few years, everyone in markets has been talking about nothing. Market moves have been s...

Poker Legend Phil Hellmuth Has Advice That Traders Should Hear

Fri, 26 May 2017

Phil Hellmuth is one of poker's biggest stars. His success is undeniable, as he's won 14 bracelets a...

What a 150-Year Old Indian Railway System Tells Us About Trade

Fri, 19 May 2017

It's no secret that international trade has been criticized lately. But why exactly are countries ge...

How Instagram Turned Into a Giant Market for Food

Fri, 12 May 2017

Avocado toast, unicorn frappuccinos, and kale salads. Taking photos of your food and putting them on...

How a Fund Manager's Trying to Fix Some of the Mideast's Issues

Fri, 05 May 2017

When you think about the Middle East what springs to mind? Perhaps oil, maybe political instability,...

One Of The Top Chess Players Talks Computers & Options Trading

Fri, 28 Apr 2017

On this week's episode of the Odd Lots podcast, we talk to Hikaru Nakamura, one of the best chess pl...

How to Use Pop Music to Forecast the Stock Market

Fri, 21 Apr 2017

When most people analyze the stock market, they look at stuff like revenues, earnings, valuations, a...

What Happens When Markets As We Know Them Cease to Exist

Thu, 13 Apr 2017

What if you woke up tomorrow and found the U.S. stock market was closed for good? That happened to i...

Inside the Hidden Cycles That Rule Markets and Life

Fri, 07 Apr 2017

History, as you may have heard, has a tendency to repeat. But does it repeat in ways that are measur...

This Is How You Know When the Stock Market Is in a Bubble

Fri, 31 Mar 2017

One of the most fascinating market phenomenons is the bubble. When they occur, fortunes are made and...

How a Fund Manager Teaches His Kids About Money and Banking

Mon, 27 Mar 2017

Plenty of people pay their kids an allowance to teach them the value of hard work and earning money....

What the Berkshires Learned by Launching its Own Currency

Fri, 24 Mar 2017

"Buy local" is a mantra that has appeal across the political spectrum. Small communities have preach...

How the Biggest Bull Market Could Go on for a Whole Lot Longer

Fri, 10 Mar 2017

A few weeks ago on the Odd Lots podcast, we talked to Paul Schmelzing, a Ph.D candidate at Harvard, ...

The Incredible True Story of the Real Life 'Trading Places'

Fri, 03 Mar 2017

If you have any interest at all in finance, then it's mandatory to have seen the 1983 movie "Trading...

Could Buddhism Save The Global Economy?

Fri, 24 Feb 2017

There's a widespread sense that something remains broken in the global economy. Despite a comeback i...

How Poker Explains the Battle of Passive and Active Investing

Fri, 17 Feb 2017

Among the biggest trends in the world of markets is the rise of passive investing. Rather than pay h...

Why It's Really Hard to Create a New Currency in a Revolution

Fri, 10 Feb 2017

Creating a new form of money is always tough. Will it hold its value? Will people trust it? Will peo...

Why Negotiating a Ransom Is the Trickiest Trade in the World

Fri, 03 Feb 2017

There are all sorts of reasons why markets break down. A lack of trust. Incomplete information. Dive...

64: Stay in School, Even if You're Planning to Join the Mob

Fri, 27 Jan 2017

It's almost a truism that better-educated people earn more money. But suppose you're not interested ...

63: This Is How Monetary Policy Works in The Islamic State

Fri, 20 Jan 2017

The Islamic State is mostly discussed in terms of its threat to the safety and security of the world...

62: How The Biggest Bull Market Could Come Crashing Down

Fri, 13 Jan 2017

The stock market is currently in one of its longest bull markets ever, but that doesn't hold a candl...

61: Here's What's Going to Happen in 2017

Fri, 06 Jan 2017

Welcome to the start of the new year! 2016 defied almost everyone's expectations, but that won't sto...

60: These Were the Most Interesting Stories of 2016

Fri, 23 Dec 2016

It was quite a year, 2016! Trump and Brexit alone made it one for the history books. But there was m...

59: What Sneakers Can Tell You About How Financial Markets Work

Fri, 16 Dec 2016

One of our favorite topics here at Odd Lots is market structure. On multiple occasions, for example,...

58: Ignore Investing's Mathematical Underpinnings at Your Peril

Fri, 09 Dec 2016

What's the optimum amount of money you should bet on a particular outcome? The answer is dictated by...

57: Was November the Start of a Huge Turning Point In Markets?

Fri, 02 Dec 2016

Something huge happened in November. No, we're not talking about the U.S. presidential election. We ...

56: How To Launch Your Own Form Of Money

Fri, 25 Nov 2016

By now you've probably heard of Bitcoin. But Bitcoin isn't the only digital currency. In fact, there...

55: Here Are The Signs That A Civilization Is About To Collapse

Fri, 18 Nov 2016

All great civilizations eventually collapse. It's inevitable. So what are the signs of their demise?...

54: How Trump Did Something Yellen, Draghi Could Only Dream Of

Fri, 11 Nov 2016

There's a lot to process from last week's U.S. election. One surprising thing already is the market ...

53: Why We Stopped Trusting Experts

Fri, 04 Nov 2016

One could argue that "expert" has become a bad word. People routinely roll their eyes at the advice ...

52: What Math Models of Herding Cows Can Teach Us About Markets

Fri, 28 Oct 2016

Investors are often said to exhibit herding behavior when they follow each other into crowded positi...

51: Why Everyone Is Freaking Out About Globalization

Fri, 21 Oct 2016

Dani Rodrik, a professor of International Political Economy at Harvard University, was writing about...

50: What Slavoj Žižek Would Say About Poker and the Peso

Fri, 14 Oct 2016

What does psychoanalytic philosophy tell us about capitalism? In this edition of Odd Lots, we speak ...

49: The Man Who Wants to Better Trading by Slowing It

Wed, 12 Oct 2016

Brad Katsuyama has racked up oceans of newspaper ink since being propelled into the public spotlight...

48: The Lost History of Financial Market Modernization

Mon, 03 Oct 2016

How is it that stocks are traded on electronic exchanges in the blink of an eye but bonds still trad...

47: Why it's Time to Stop Using the Word 'Disruption'

Fri, 23 Sep 2016

"Disruption," "incubation," "innovation"... you hear these words nonstop these days as people talk a...

46: Space Robots Are Helping Hedge Funds Invest

Fri, 16 Sep 2016

The most valuable commodity for investors is information, and hedge funds and asset managers are goi...

45: Why A Whistleblower Walked Away From Over $8 Million

Mon, 12 Sep 2016

Could you walk away from a reward of over $8 million? The guest on our latest episode of the Odd Lot...

44: What a 12-Year Knows About Money That an Economist Doesn't

Fri, 02 Sep 2016

"What is money?" This seemingly simple question has the ability to drive people crazy. Is it a unit ...

43: Seinfeld Can Teach You Everything You Need About Economics

Mon, 29 Aug 2016

The hit show Seinfeld is often referred to as the show about nothing, but maybe it's actually a show...

The Millennial Generation Is Stagnant And Older People Are Part

Mon, 22 Aug 2016

In developed economies, younger generations have faced stagnant wages, mediocre employment prospects...

41: Billionaires Help Tell the Story of Brazil's Boom and Bust

Mon, 15 Aug 2016

The 2016 Summer Olympics in Rio de Janeiro have been tainted by protests, economic slowdown, and a m...

40: Why Summer Has Just Gone on Sale

Mon, 08 Aug 2016

This week is the summer edition of Odd Lots and we're talking about the market forces shaping the pr...

39: The Insurance Market for Modern-Day Pirates

Fri, 29 Jul 2016

This week Odd Lots takes to the high seas to discuss how modern-day pirates in the form of illegal f...

38: The Fed Made a Massive Mistake Letting Lehman Go

Mon, 25 Jul 2016

There's nothing better than financial crisis hindsight and earlier this month we got a big dose of i...

37: Why We Are Increasingly Divided Into Ideological Bubbles

Mon, 18 Jul 2016

The result of the U.K.'s Brexit referendum blindsided many and led to acrimonious accusations by sup...

36: How A Quant Saw Huge Changes That Took Place on Wall Street

Mon, 11 Jul 2016

Emanuel Derman was one of the pioneers of quantitative finance, having gone from studying physics to...

36: How A Quant Saw Huge Changes That Took Place on Wall Street

Mon, 11 Jul 2016

Emanuel Derman was one of the pioneers of quantitative finance, having gone from studying physics to...

35: There Was a Huge Opportunity The Night of the Brexit Vote

Fri, 01 Jul 2016

In the runup to the Brexit vote polls were mixed. Some showed remain winning. Others showed leave wi...

34: The Highway Built by Oil Markets and Political Intrigue

Mon, 27 Jun 2016

On this week's episode we take a trip down one particular road on the Gulf peninsula to explore how ...

33: How ``Fed Watching'' Became a Thing

Mon, 20 Jun 2016

When Federal Reserve Chair Janet Yellen speaks, the world watches — and one group watches especial...

32: The Amateur Activists Who Took On The Foreclosure Machine

Mon, 13 Jun 2016

The Great Recession was characterized by a historic and gigantic wave of foreclosures all around the...

31: Welcome Aboard Starship Bank

Mon, 06 Jun 2016

David Hendler made his reputation as a bank analyst at the independent research firm CreditSights In...

30: How Finance Took Over the World

Fri, 27 May 2016

The U.S. spends 8 percent of its GDP on finance -- twice the amount it did 40 years ago, according t...

29: How an Old-School Chess Shop Survives in Modern New York

Mon, 23 May 2016

At a time when retail sales are dominated by online behemoths like Amazon Inc. and big chain stores,...

28: Finance's Hot New Thing Ended Up In An Old-School Scandal

Fri, 13 May 2016

Peer-to-peer lending was supposed to disrupt the traditional way people borrowed money. Instead of g...

27: Kentucky Derby Edition: Flip This Horse

Wed, 04 May 2016

If you're like most people, you only bet on horses once a year, the day of the Kentucky Derby. You m...

26: How To Make Money By Betting On The U.K.’s Big Referendum

Mon, 02 May 2016

In less than two months, the U.K. will vote on whether to leave the EU in the so-called Brexit refer...

25: Americans Are Miserable, and It's Swaying The Election

Mon, 25 Apr 2016

How can you tell whether people in any given country are happy or not? That's the topic we wrestle w...

24: Meet The Most Important Country Singer in Economics

Fri, 15 Apr 2016

Country music lost a legend when Merle Haggard passed away earlier this month at the age of 78. At f...

23: Iceland Jailed Its Bad Bankers But People Are Still Angry

Fri, 08 Apr 2016

Iceland is known for geothermal beauty, fishing and as the birthplace of Bjork. It also made interna...

22: The Unbearable Brightness of Being a Shadow Bank

Mon, 04 Apr 2016

A high-flying hedge fund manager lost everything back in 2007 after an accounting scandal prompted i...

21: The Fraught Life of a Dumpster-Diving U.S. Short-Seller

Mon, 28 Mar 2016

Short-selling, the practice of betting against stocks by agreeing to sell equities that you don't ow...

20: The Time NYSE Floor Traders Tried to Prank President Reagan

Mon, 21 Mar 2016

For years, the image of a stock market trader was synonymous with images of Testosterone-fueled trad...

Episode 19: Pow! Pow! El-Erian Talks Central Bank Ammunition

Mon, 14 Mar 2016

Asset purchases! Currency devaluations! Low interest rates! Negative interest rates! And... more? Th...

Episode 18: The Obscure Report That Spawned the ETF Industry

Mon, 07 Mar 2016

In 1987, investors watched in horror as the Dow Jones Industrial Average plunged 22 percent in an ev...

Episode 17: How One Analyst Uncovered a $7 Billion Fraud

Mon, 29 Feb 2016

In late 2008, as markets tanked thanks the the global financial crisis, two massive Ponzi schemes un...

Episode 16: Making Money When Everyone Else is Losing Theirs

Mon, 22 Feb 2016

Everybody knows by now that a handful of hedge funders made a fortune by betting against housing bef...

How a Rural Irish Farmer Became an Expert on the Euro Crisis

Tue, 16 Feb 2016

In theory, anyone with an internet connection can became an expert on just about anything from just ...

Episode 14: The World’s Only Stand-Up Economist

Mon, 08 Feb 2016

On today’s episode, we’re taking the “dismal” out of the dismal science by interviewing Yora...

Episode 13: How a Professor Won Gambling on an Obscure Sport

Mon, 01 Feb 2016

Episode 13: Everyone dreams of being able to win almost every time when gambling. Of course, whether...

Episode 12: How a Consultant Foresaw the 2015 Commodities Crash

Mon, 25 Jan 2016

On this episode, co-host Tracy Alloway is joined by Bloomberg Markets reporter Luke Kawa for a journ...

Episode 11: How David Bowie Became a Financial Product

Tue, 19 Jan 2016

When the world lost David Bowie this month, it lost one of modern music's undisputed geniuses. Less ...

Episode 10: How the World Ended Up With a Boring Banana

Mon, 11 Jan 2016

This week, we're taking on one of the most fragile commodities markets around. No, it's not oil (tho...

Episode 9: The 2016 Predictions Episode

Mon, 04 Jan 2016

(Bloomberg) -- It’s a new year and a new episode of Odd Lots. Co-hosts Joe Weisenthal and Tracy Al...

Episode 8: These Were Our Favorite Stories of 2015

Mon, 28 Dec 2015

(Bloomberg) -- Gather ‘round the Odd Lots fire. Co-hosts Joe Weisenthal and Tracy Alloway have ass...

Episode 7: How One Woman Tried To Sound Housing Crash Alarm

Mon, 21 Dec 2015

The film “The Big Short” has sparked lots of attention about the origins of the financial crisis...

Episode 6: Meet The Man Who Made Millions Trading Mules

Mon, 14 Dec 2015

This week we're thinking about what it means to be a trader in today's electronified markets and con...

Episode 5: 6,000 Years of Interest Rates

Mon, 07 Dec 2015

(Bloomberg) -- What better way to prepare for what may be the first U.S. rate hike in almost a decad...

Episode 4: Can a Hedge Funder Cut Prescription Drug Costs?

Mon, 30 Nov 2015

(Bloomberg) -- Hedge-fund manager Kyle Bass has a plan that could cut the high cost of prescription ...

Episode 3: The Strange Story Behind the Beanie Babies Bubble

Mon, 23 Nov 2015

(Bloomberg) -- Two market bubbles stand out from the late 1990s. Technology stocks that were suppose...

Episode 2: Under the Hood of the $8 Trln Corporate Bond Market

Mon, 16 Nov 2015

(Bloomberg) -- It's definitely big and it might be broken. It's the bond market! The corporate bond ...

Episode 1: Tom Keene on Mathiness and His Favorite Guitar

Fri, 06 Nov 2015

(Bloomberg) -- Tracy Alloway and Joe Weisenthal kick off the Odd Lots podcast by interviewing the le...

The Odd Lots Preview

Wed, 04 Nov 2015

(Bloomberg) -- Welcome to Episode Zero of the Odd Lots podcast! Every week, hosts Joe Weisenthal and...