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Monetary Matters with Jack Farley — 250 episodes

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Title
1

From Soros to Old Farm: How to Identify the Market’s Top Thematic Risk-Takers | Kieran Cavanna | Old Farm Partners

2

“Overblown” Sell-off in Software Loans | Matthew Bloomfield on Public BDCs (Business Development Companies) and Collateralized Loan Obligations (CLOs)

3

Navigating the SaaS Apocalypse: Why AI Disruption is Mispriced | Deiya Pernas | Pernas Research

4

Banks' “Considerable” Exposure to Private Credit | Chris Whalen on Banks’ Loans to NBFIs, Plus CRE, Gold, and Payments

5

Financial Repression, Pt. 1 | Professor Hanno Lustig on Hidden Taxes, Fiscal Sustainability, and Japan’s Debt Puzzle

6

"I Don't Believe the Stagflation Narrative": How the Strong Consumer and AI Tailwinds Shape Sean Emory's Bullish Blueprint | Avory & Co

7

"The Best Time to Invest": How AI Disruption is Reshaping Software Valuations | Ben Topor | Titan Capital Partners

8

Private Credit “Doom” Narrative On Shaky Foundation? | Michael Haynes On Why Retail Outflows Are Real But Credit Foundations Are Solid

9

Why Emerging Markets are Finally Outperforming Developed Markets | Robert Koenigsberger | Gramercy

10

“Books Will Be Written” About This Shipping Market | Ed Finley-Richardson of Misadventures in Shipping on War-Induced Oil Tanker Mayhem, Squeeze for Asiabound Refined Products, and Persian Gulf “Feeding Frenzy” Scenario

11

Why $200 Oil Won’t Spike Inflation to 9% | Anna Wong on Recession Probability, PCE vs CPI, and Fed Reaction Function In A Scenario of Soaring Energy Prices

12

The Psychology of Market Champions: Inside the Minds of Point 72 & Citadel Portfolio Managers | Dr. Gio Valiante

13

The 2026 Private Credit Liquidity Crunch | Leyla Kunimoto on Redemptions in Semi-liquid Vehicles, Private/Public BDCs, and the Future of Alternatives

14

How the Iran War Reshapes the Sovereign Debt Landscape | Sovereign Debt Expert Lupin Rahman

15

Headline Indices Are Masking Market Stress | Liz Ann Sonders on the Case For Quality Stocks During An Oil Shock

16

“Not Until May” The Real Timeline for Controlling the Strait of Hormuz | Nadia Martin Wiggen Svelland Capital

17

A Fertilizer Crisis is Brewing (Quickly) | StoneX’s Josh Linville on How Iran War & Strait of Hormuz Closure Has Shut of Critical Fertilizer Chemical Feedstocks That Threaten Global Grain Supply

18

“This Is The End of The Oil Market As We Know It” | Rory Johnston on How $300 Oil Could Trigger Depression If De-Escalation Does Not Occur In Iran War

19

“We’re Just Getting Started” | Bob Elliott on Why The Oil Shock Is Not Fully Priced In To Markets

20

Stock Market on Shaky Foundations | Blind Squirrel Macro’s Rupert Mitchell on IPO Supply, Oil, and Private Credit

21

The Ultimate Hard Asset: American Farmland and The 300-Year Water Supply Hidden Underneath It | Chris Morris LandFund Partners

22

“Deflationary Bust” A Risk From AI | Alex Gurevich’s Bull Case on Rates, “Perfect Trade” Potential in Japan, and The Risk of Artificial Intelligence Poses to Labor Market

23

Could the Iran War Cause a New Oil Crisis? | FT's Chief Economics Commentator Martin Wolf

24

Joseph Stiglitz: Higher Oil and Food Prices From Iran War Risk 1970s-Era Stagflation

25

Michael Howell: Markets On “Nervous Knife-Edge Equilibrium" As Global Liquidity Momentum Has Peaked

26

The Economic Effects of Technological Disruption & Artificial Intelligence | Nobel Laureate in Economics Peter Howitt

27

Jobless Growth, Euphoria, and a Manufacturing Recovery: How Iran Could Force a Macro Regime Change | Tian Yang

28

How Legendary Resource Investor Rick Rule is Investing for a 10-Year Bull Market

29

“A Huge Problem for Everybody” | Paul Krugman on Currency Devaluation, Artificial Intelligence, Kevin Warsh Nomination, & More

30

The “Climax Top” In Gold & Silver | Milton Berg, Turning Point Master, on Precious Metals, Bitcoin, and Disturbing December Warning In Stocks

31

Why Carson Block Won’t Short AI Names Until the IPOs Begin & Muddy Waters’ Pivot to Long Resources Stocks & S&P 500 Momentum

32

Why Silver Is Flowing East | Alex Campbell on Solar, Scarcity, and the Six-Sigma Silver Crash (Plus: SaaS & AI)

33

Is the Age of Reckless Lending Coming To An End? | Oaktree’s Raghav Khanna on Private Credit, Software, and How Oaktree Correctly Saw First Brands' Red Flags

34

Trump’s Hidden Mortgage Stimulus from Fannie & Freddie | Joseph Wang on GSEs, Kevin Warsh, Powell, and Dollar Hedging

35

“Software Earnings Massacre” While Precious Metal Vol Explodes | Jack & Max on Silver, Fed Meeting, and Earnings

36

The SaaS Reckoning, Consumer Trends, & AI Disruption: The Macro & Micro Signals That Matter in 2026 | Deiya Pernas

37

How $100B Asset Managers Are Making Tokenized Funds a Reality | Maredith Hannon of WisdomTree

38

U.S. Stocks Are Overvalued, But Not In A Bubble | Professor Aswath Damodaran on Equity Valuations, AI Data Center Boom, and “Big Market Delusions”

39

Breaking Down the Precious Metals Bull Market, Natural Gas, Intel’s Disappointment, & the Small Cap Surge | Jack & Max

40

Sell America Trade 2.0 | Andy Constan on Foreign Outperformance, Huge Financing Need, and Bull Case For Short-Term Rates

41

The Triumphs & Crises of China’s Economy | Professor Barry Naughton on China’s Debt, Deflation, and “Industrial Policy 3.0”

42

Banks Under Fire From Executive Action | Jack & Max on Trump's Threatened 10% Credit Card Cap and How Executive Action Is Shaping Markets in Defense, Housing, Payments, Central Banking, and More

43

The Market’s Biggest Whales are Making Huge Changes: Total Portfolio Revolution | Steve Novakovic of CAIA

44

How China Could Dominate U.S. AI | Dr. Michael Power on Open Source and "The Three Assassins" of Moore's Law

45

Why Venezuela Won’t Solve America’s Real Energy Crisis | Michael Kao on AI, Electrification, and the Natural Gas Bottleneck

46

The Global Bull Market: Examining the Dramatic Outperformance of Global Stocks vs. the US | Jack & Max

47

The Convexity Maven’s Biggest Macro Trades of 2026: Why Bonds, Gold, and Debasement Matter Again in 2026 | Harley Bassman

48

Citrini’s 26 Trades for 2026 | Citrini on BS Jobs, AI Materials, Advanced Packaging, World Cup, & More

49

Investing Data is Evolving: AI, The Degenerate Economy & More | Matt Ober | Social Leverage

50

Investing in Gray | Pictet’s Maria Vassalou on Aging Demographics and Technological Innovations

51

China and the Reordering of World Trade | Former Under Secretary of the Treasury for International Affairs Jay Shambaugh

52

How India’s Macro Tailwinds Are Fueling Its Aerospace & Defense Sectors | Andrei Stetsenko

53

From Bad to Less Bad: A Quantitative Approach to Turnarounds | Bloomberg Indices’ Steve Hou on “Reformers Index,” Baumol Disease, and Structural Inflation

54

Allocators Want What They Want | Andrew Beer on Pod Shops, “Volatility Laundering,” and Building Liquid Alts That Don’t Suck

55

How This Value Investor Beat the Market and Grew His Hedge Fund | Yaron Naymark | 1 Main Capital

56

The AI Data Center Short | Jim Chanos on Oracle, Data Centers Landlords, and GPU Merchants

57

“Mother All Crises” | Luke Gromen on America’s Choice Between AI Dominance and Real Value of Treasury Market

58

Beating Bitcoin at Scale with Directional Crypto Strategies | Sam Gaer of Monarq Asset Management

59

Why Metals Are Soaring While Oil Stalls | CME Chief Economist Erik Norland on Precious Metals, Oil, Copper, and More

60

China’s Involution Trap | Michael Pettis on China's Excess Savings, Industrial Overcapacity, and Exporting of Deflation

61

The Lopsided Expansion | Aahan Menon on Why Long-Term Forecasts Don’t Make Money, And The Growing Divergence Between AI CapEx And Labor Market

62

Breaking Down Michael Burry’s Big Nvidia Short Thesis and Open AI’s Massive Loss Projections | Jack & Max

63

As Good As It Gets? | Meb Faber on U.S. Stock Valuations, Trend Following, and Endowment Allocations To Private Markets

64

Venture Capital’s Collision with Public Markets, the Dry Powder Bubble, and VC Metrics that Lie | James Wang of Creative Ventures

65

Demystifying First Brands Group’s $ 12 Billion Bankruptcy | Robert Smith of the Financial Times

66

The Fed Won’t Pop AI: It Will Save Housing | Blue Door’s Dan Krausz On The Three Neutral Rates, The Liquidity Waterfall, and Why Profits Rising While Employment Falters Is Not Bearish For The Stock Market

67

Is The AI Bubble Popping? | Jack and Max on Data Center Debt, Fragile Markets, and Insurance Companies

68

AI Euphoria Is Rolling Over | Lyn Alden on Bitcoin Correction, Who Satoshi Is, Data Center CapEx, and Whether AI Is A Bubble

69

Can Alpha Capture Save Fundamental Long/Short Equity Investing? | David Stemerman CenterBook Partners

70

The State of Real Estate Credit | Rithm Capital's Satish Mansukhani on Mortgage Servicing, Commercial Real Estate, and Rithm's Asset Manager Acquisition Strategy

71

The Case For S&P 10,000 by 2027 | Erik YWR on Global Economic Boom, Why Soaring Earnings Support High Equity Valuations, and Oil + China

72

Why Beating the Market Isn’t Enough for Investment Managers | Corey Hoffstein

73

Is It Enough? Michael Howell on Money Market Turbulence, Standing Repo Facility, and Why Fed Balance Sheet Expansion Is Inevitable

74

Fed Governor Miran: The Case For Big Rate Cuts | Miran on Deterioration in Labor Market, the Neutral Rate of Interest, and Fed Balance Sheet Policy

75

This Hedge Fund Trying to Become the Top Pod Shop in Crypto is Rethinking the Multi-Manager Hedge Fund Model | Anatoly Crachilov of Nickel Digital

76

More Credit Problems, Mag 7 AI CapEX Continues, and Money Market Stress | Jack & Max

77

Joseph Wang: Fed Likely To Have To Expand Balance Sheet To Avoid Losing Control Over Repo Market

78

The Liquidity Divergence Between East and West | Michael Howell on Deteriorating Federal Liquidity While People’s Bank of China (PBOC) Injects Stimulus and Pumps Gold

79

Credit Concern is Overblown Argues Financials Hedge Fund Manager Beating the S&P 500 | Derek Pilecki of Gator Capital

80

The Core of Dollar Weakness | George Saravelos, Deutsche Bank's Head of FX Research, on Growth Differentials, Fed Rate Cuts, and 4% U.S. Current Account as Key Threshold For USD Declines

81

The Dollar’s Impossible Trifecta | Jon Turek on Why USD Hedging Flows Will Increase Throughout Fed’s Rate Cutting Cycle

82

Cockroaches in Credit? | Jack & Max on Zion’s Cali CRE Write-off, Big Bank Earnings Blowout, and First Brands Update

83

Bringing Long/Short Hedge Fund Strategies to ETFs | David Orr (Bonus Episode)

84

What China is Really Doing With Its “Giant Surpluses” | Brad Setser on China’s Export Dominance, Trade Strategy, and Capital Flows

85

Panic on Wall Street | First Brands’ Credit Shockwave & Trump’s 100% China Tariff Threat

86

How Governments Can Actually Raise More Revenues | Taxation Expert Richard Murphy

87

The AI Capex Bubble, Gold & Silver on the Rise, and Signs of Market Froth | Jack & Max

88

Echoes of 2007 In Mushrooming Private Credit Boom? | Patrick Perret-Green on Tricolor & First Brands Bankruptcy, Asian Disinflation, And Why U.K. Duration Looks Attractive

89

Doubting Goldilocks | Julian Brigden on Precious Metals, Fed Independence, and the U.S. Dollar

90

Top Crypto Fund of Funds on the Current Crypto Cycle, Hedge Funds, & VCs | Pure Crypto LP

91

Brace for More Volatile Electricity Markets | LOGARISK's Imane Bakkar on Weather, AI, and other Forces Causing More Volatile Electric Grids

92

Small Cap Season | Jack & Max on Fed Independence, Acuren, Franco Nevada, MSCI, and More

93

Outperforming the S&P 500 & Growing from One-Man Shop to Multi-Manager Hedge Fund | David Orr of Militia Capital

94

“This Is A Frothy Bubble” | Rob Arnott on Excessive Valuations, AI, and Reinventing Cap-Weighted Indexing

95

Why 900,000+ Jobs Just Got Penciled In To Disappear | Anna Wong & Danielle DiMartino Booth on -911k Non-farm Payroll Revision, Unemployment Rate, and Immigration’s Impact on Labor Market

96

Why Bonds Still Suck | Aahan Menon of Prometheus Macro on Immigration’s Impact on Lower Job Numbers, Technology CapEx, Business Expansion, Manufacturing Green Shoots, and More

97

Concentrated Investing in Small Caps at the Intersection of Change, Crisis, & Controversy | Stoic Point Capital Management

98

The Era of AI Semiconductor CapEx | Angus Shillington & Nick Frasse (Fireside Chat)

99

How AI Tools Are Rapidly Disrupting the Investment Industry | Brett Caughran & David Plon

100

Non-Bank Leverage & Financial Stability | Financial Stability Board General Secretary John Schindler

101

Climbing the Hedge Fund Ladder: From Analyst to Hedge Fund Founder

102

“Potemkin Village of Credit” | BankRegData’s Bill Moreland on Banks’ Loan Modification Morass & Note-on-Note Financing Spree

103

Breaking Down Powell’s Jackson Hole Speech, September Rate Cut Odds, and Chinese Consumer Lending FinTech’s | Jack & Max

104

The Golden Age of Fundamental Commodities Trading with Tor Svelland of Svelland Capital (18.5% Annualized Since Inception)

105

Biggest Trade Shock Since Civil War | Douglas Irwin on Trump’s “Bigger Than Smoot-Hawley” Tariffs, Great Depression Balance of Payments History, and Tariff Incidence (Who Pays?)

106

Wall Street is Crushing Main Street: Juxtaposing Market Strength with Economic Softness

107

The ETFization of Private Credit | Leland Clemons on Fixed Income Flows, ETF Mechanics, and High-Yield Bond Market

108

Waiting For The Fat Pitch | “Recession Denier” Jonny Matthews on Real Slowdown In U.S. Economic Data

109

Deep Engagement: A Banking Approach to Classical Value Investing | Donald Zilkha of Zilkha Investments

110

The Speculation Phase Begins | Michael Howell on Liquidity Cycle, China, Fiscal Dominance, and Dollar Weakening

111

Beyond the Fed | Jack & Max on FOMC, GDP, Earnings & Tariffs

112

Optimizing the Investment Business for Long-term Results | David Steinberg of Marlowe Partners

113

A US Sovereign Debt Crisis is Bullish for the Dollar | Brent Johnson

114

Navigating the Non-Investment Grade Landscape In A High Tariff World | Oaktree’s Wayne Dahl on High-Yield Bonds, Bank Loans, CLOs, CMBS, and Private Credit

115

SPACs Are Booming but Are We Back in Bubble Territory? | Louis Camhi of RLH Capital

116

Bitcoin Calls Are Cheap, Equity Puts Are Rich | Dean Curnutt on TACO, Variance Drag, Leveraged ETFs, and Cross Asset Vol

117

Top Hedge Funds Are Hiding and It’s Warping Return Data | Jon Caplis of PivotalPath

118

The 5th Inning | Citrini on Phase II of AI, Semis, Robotics, Healthcare, and Teradyne

119

The Case For Tariffs | Oren Cass on Why Globalization Has Mostly Been Bad, And The Need To Redress Unbalanced Trade

120

The Market Has Moved from Deflation to Debasement | Warren Pies

121

The Double Dip Recession | Danielle DiMartino Booth’s Take on Job Market, Credit, Tariffs, and Fed

122

Bull Markets' Tumultuous Third Year | Sam Stovall on Earnings Expectations, Sector Outlooks, and bull Case for U.S. Stocks

123

Is Leverage the Solution to America’s Retirement Crisis? | Abdul Al-Asaad of Basic Capital

124

Gold’s Time To Shine | Joseph Cavatoni on Central Bank Bullion Purchases, Permitting Reform in U.S., and Global Investor Demand for Gold

125

The Healthcare Sector Job Growth is Propping Up the US Economy (For Now) | Eric Pachman

126

The Window of Vulnerability | Tian Yang on Global Imbalances, the Dollar, Growth Vulnerabilities, and Housing (Plus A Special Offering for Monetary Matters Listeners)

127

Fed Scared of Inflation Resurgence | Jack Farley & Max Wiethe

128

Equity Market Strength is Masking a Recession | Mike Green

129

The Fed Will Choose Inflation Over Recession | Vincent Deluard

130

Capacity Constrained by Design: The 25-Year-Old Building Niche Multi-Manager Hedge Fund Platforms | Zach Levitt

131

Trade Policy Isn't Driving China’s Trade Surplus | Matthew Klein

132

“The Dollar Gets Annihilated” | Julian Brigden & Jonny Matthews on Fiscal Dominance, Secular Bond Bear Market, and Outlook on Rates & Tariffs

133

What Investors Are Overlooking in AI & Semis | Val Zlatev

134

Soaring US Debt Burden & The Global Market Reset | Gerard Minack

135

American Exceptionalism was a Fiscal Facade | Marko Papic

136

Patient Value Investing and America’s Industrial Advantage | Bob Robotti

137

Regime of Uncertainty | Steve Hanke on Money Supply Shock, Tariff and Current Account, and Why Recession Remains Base Case For 2025

138

Economic Policy To The Fore | Jason Furman on Deregulation, Tax Cuts, Tariffs, and Healthcare

139

Fiscal Decay, EM Parallels, and What’s Next for the Dollar | Nicolás Dujovne

140

The Holy Grail of Macro | Prometheus Macro’s Aahan Menon on Why Tariffs Won’t Cause A Recession And Why Buying Dips Only Works In An Expansion

141

Is Private Credit a Systemic Risk? (A Regulator’s View) | Fabio Natalucci

142

The Fed and The Flu | David Kotok on How Pandemics Transform Economies and Markets

143

Milton Berg: “Overwhelming” Evidence of Bullish Action In Stock Market

144

Ken Rogoff on Past, Present, and Future of U.S. Dollar Hegemony

145

The Global Trade Reset Was Inevitable | George Magnus

146

Wait & See | Jack & Max on May Fed Meeting, Shipping Volumes, China Stimulus, and Tariff Newsflow

147

Getting Ready For A Protracted Bear Market | Last Bear Standing

148

End of Free Trade Era Should Not Spook Long-Term Investors | Kara Murphy

149

How Hedge Funds Have Managed Market Turmoil with Jack and Max

150

Opportunities In Agricultural Commodities | Teucrium's Sal Gilbertie on Grain Stockpiles, Trade Disruptions To Crops, and Ripple (FIRESIDE CHAT)

151

The Financial Sector Prepares for Recession | Marc Rubinstein

152

Hidden Mortgage Market Shifts Are Creating Opportunities | Matt Jozoff of Trevally Capital

153

Tariffs Aren’t Going Away | PIMCO’s Policy Head Libby Cantrill on Trade and Tax Environment In New U.S. Administration

154

Preparing For A Real Credit Cycle | Danny Moses on Tariff Fatigue, Private Credit, Gold, Tarnishing of U.S. Brand, and Why Stocks Still Aren’t Cheap

155

Breaking The Dollar System | Freya Beamish

156

The World Is Dumping U.S. Assets | Julian Brigden

157

Dodging Tariff Turmoil in Nordic High Yield Credit | Måns Levin of Ridge Capital

158

Lyn Alden: Challenge America’s Trade Deficit, Challenge The U.S. Dollar | Alden on China, Gold, and Financial and Economic Impacts of Tariffs

159

When the Market Crashes… They Profit | Wayne Himelsein on Logica Capital’s Long Volatility Playbook

160

Why Trump Is Likely To Negotiate Trade Deals | Charles Gasparino on Tariffs, White House Factions, and Protectionist Conservative Coalition

161

“Going Full Reagan” | Tian Yang on Trump Administration’s Bet To Shrink U.S. Trade Deficit, Signs of Market Panic, and Dollar Outlook

162

Tariff Escalation Update | Jack & Max on April 7 Tariff News & Market

163

“Supply Shock Greater Than Great Depression-Era Smoot-Hawley Tariff” | David Kotok on Trump’s Sweeping Tariffs And Market Crash

164

Trump’s War on Markets | Benn Eifert on Volatility, Tariffs and Growth of Derivatives-Embedded ETFs

165

Liberation Day Has Come | Jack & Max on Seismic Market Revolt Against Trump Admin’s Tariff Policy (Recorded April 3 2025)

166

Tariffs: The Ultimate Stagflationary Shock? | Darius Dale on "Liberation Day," DOGE, Gold, and the Global Debt Refinancing Air Pocket

167

Trading Market Turmoil: Any System is Better than No System | OPM Trader Talks with Petr Pinkhasov of Anthem Capital Management

168

Tariffs & Q2 Growth Shock | Trade Maven Brad Setser on Trump’s Tariff Warpath, China’s Balance of Payments, and “Self-Induced Recession” Probabilities

169

From Treasury Minister of Argentina to Macro Hedge Fund Manager | Nicolás Dujovne of Tenac Asset Management

170

A Foreclosure Wave Is Coming | Chris Whalen on FHA Mortgage Loans, Tariffs, Bank Valuations, and Payment Companies

171

The Fed's Rate Cutting Cycle Is Already Over | Jim Bianco on March Fed Meeting, Trump Tariffs, and 4/5/6 Markets

172

Volatility Markets Are Complacent | Kris Sidial on Tariff Risk to Stocks, Dispersion Trade, and Margin Risk

173

Geopolitical Uncertainty is Freezing Private Capital | John Bowman of CAIA

174

“It’s All About Credit” | James Aitken on Widening Credit Spreads & Falling U.S. Stocks, Tariff-Induced Slowdown & Trade Disruption, Chinese & European Stocks, and Private Credit

175

Tariffs Unlikely To Derail Strong Economy—But Market Risk Has Risen | Prometheus Macro’s Aahan Menon

176

The Liquidity Squeeze | Michael Howell On Funding Pressures, China’s Gold Yuan Devaluation, and Trump Admin’s Tariff Endgame

177

The Specialist Hedge Fund That Has Crushed the S&P 500 | Moez Kassam of Anson Funds

178

The “Biblical” Rotation Out Of U.S. Stocks | Julian Brigden on Flight from Dollar Assets, Tariffs, and Rumored “Mar-a-Lago Accord”

179

The Stock Market Blues | Jack Farley & Max Wiethe on Tariff Uncertainty & Jobs Market Data

180

How Tariffs Jeopardize The Soft Landing | Jonny Matthews, former Brevan Partner, on Bond Yields, Japanese Yen, and Gold

181

Economic Playbook For Trump 2.0 | Eric Wallerstein on Tariffs, DOGE, Jobs Numbers, and Global Trade War Tail Risk

182

Inside the Alternative Investment Platform Megatrend | Alan Strauss of Crystal Capital Partners

183

Gambling Man: Masayoshi Son’s Bold AI Vision For 2025 & Beyond | Lionel Barber

184

The Private Markets Digestion Phase | Jean-Baptiste Wautier on Key Man Risk, GP/LP Returns, and Private Credit “Bubble”

185

The Trends Driving the Hedge Fund Industry’s Record $4.5 Trillion in AUM | Ken Heinz of HFR Index

186

The Central Bank As Crisis Manager | Dr. Patrick Honohan, former Central Bank of Ireland Governor, on Crisis Management, Macroeconomic Shocks, & Tariffs

187

What Really Happened To Silicon Valley Bank | Ken Wilcox (SVB CEO 2001 - 2011) on SVB’s Collapse and How China Took Over Shanghai SVB

188

Building the Definitive Hedge Fund Analyst Masterclass | Brett Caughran on Fundamental Edge

189

“The Humble Investor” | Dan Rasmussen on Mag7, Value, Private Equity & Credit, and More

190

Hedge Funds Are a Team Sport | Ilya Zaides on Continuity at 14B Capital

191

The EM Financial Stability Report Card | Rohit Goel on Emerging Markets, Dollar Dominance, and Term Premia

192

2025 = Biggest Bank M&A Year In History? Bank Zhar Brad Rinschler on Credit, CRE, GBank, REIT Pain, and Much Much More

193

Joseph Wang: Tariffs Are Coming & They Will Be Bad For Stocks (But Good for America)

194

Russell Clark on Inverting the Long Short Hedge Fund Model and Battling Investors' Biggest Risks

195

January Fed Meeting Breakdown | Jack Farley & Max Wiethe on Powell, Banks, and China's AI Race

196

Tariffs Could Blow Up the Bond Market | Mark Zandi on the Biggest Risk to the Economy

197

How Micro Informs The Macro | David Steinberg on Scott Bessent, Pet Investing, Semiconductors, Music Publishing, and Peter Lake

198

Why Chinese Bond Yields Have Collapsed | Louis Vincent Gave’s Bull Case For Chinese Stocks and Chinese Property Bonds

199

Trading Skill Isn’t Enough to Run a Hedge Fund | Benn Eifert of QVR Advisors

200

Will the Risk On Party Continue? | Chris Carrano on The Quantitative Factors Driving Markets

201

Luke Gromen: Foreigners To Dump Bonds If U.S. Dollar Continues To Strengthen

202

Why Hedge Fund Managers Must Adapt or Die | Kyle Mowery on The Future of Small Cap Value

203

How The Treasury Decides Where To Borrow | Steve Hou on Maturity Issuance Policies of U.S. Treasury and Equity Index Construction

204

Market Tumbles On Rosy Jobs Data | Jack & Max Break-Down Non-Farm Payroll (NFP) Sell-Off and Current Macro Regime

205

S&P 500 to 15,000? | Mel Mattison on Bretton Woods 2.0, Revaluation of Gold, and Why He Expects A Violent Stock Market Correction In Early 2025

206

The Last Mutual Fund Manager Standing | How Eric Crittenden Defied the ETF Boom to Build a $1B Fund

207

Mothballing the Basel III Endgame | The Future of US Bank Regulation with Jason Cave

208

Citrini’s Top 25 Trades For 2025

209

Dr. Darrell Duffie on Liquidity Strains at Year-End/Quarter-End and When Fed Reserves Will No Longer Be Ample

210

The Research to AUM Pipeline | Warren Pies on Raising $450m in an ETF in Less Than 6 Months

211

From "Everything Bubble" To "Everything Bust"? Michael Howell on Liquidity In 2025 & Beyond

212

U.S. Recession To Be Revealed By January 2025 “Data Bomb” | Danielle DiMartino Booth

213

Jack Farley & Max Wiethe on Fed Hawkishness & Steep Stock Market Sell-off

214

Inside the Secret World of Prop Traders | Noel Smith of Convex Asset Management

215

The Treacherous Last Mile of Inflation | Vincent Deluard on France, 2025 U.S. Fiscal Drag, COLA Pain, and the U.S. Healthcare Price Spiral

216

20% Decline In Stocks By First Quarter 2025? Felix Zulauf on a Bubble In S&P 500, Yen Carry Trade, and Bond Market Rollercoaster

217

Active Management Still Matters in Emerging Markets | Jamie Carter

218

Rumors of Job Market Demise Have Been Greatly Exaggerated | Jack Farley & Max Wiethe

219

The Macroeconomic Malaise | Juliette Declercq on Debt, Tariffs, Immigration, and Yield Curve

220

The Investor Up 1000% With No Down Years | Chris Brown of Aristides Capital

221

Financial Markets Remain Abnormal | Andy Constan on Flat Yield Curve, Expensive Stock Market, and MicroStrategy

222

Joseph Wang & George Goncalves on Rates, Tariffs, Fed’s Balance Sheet, and Yen Carry Trade

223

The Easiest Way to Launch a Hedge Fund | Understanding Fund Spinouts with Farid Guindo

224

Banks As Synthetic Hedge Funds | Elham Saeidinezhad on Private Credit ETFs, Interest Rate Swaps as Repo, and the Increasing Interconnectedness Between Banks And Nonbanks

225

S&P To 7000? | Warren Pies On Why Stocks Aren’t Overvalued

226

How To Build A Billion Dollar Hedge Fund From Scratch | Dan Rasmussen

227

Investing For A High Price Future | James Davolos on Inflation, Pricing Power, and West Texas

228

U.S. Dollar Is Getting Crowded | “Market Wizard” Jason Shapiro on Currencies, Stocks, and Bonds Under Trump Administration

229

Thinking Outside the Style Box | The Hedge Fund Category Problem with Louis Camhi | Other People's Money with Max Wiethe

230

Let The Bull Loose | Citrini on Trump Trade, China, and Powell Put On Bonds

231

A Defiant Chairman Powell Cuts Rates | Jack Farley & Max Wiethe

232

Enter the Kuppyverse | Harris Kupperman on Brand Building by Blogging at Praetorian Capital | Other People's Money with Max Wiethe

233

The Great Millionaire Migration | Basil Mohr-Elzeki on Global Wealth Migration

234

Is The Yield Curve’s Recession Signal Wrong?Jeff Snider

235

To Zero and Beyond | Building Muddy Waters Capital with Carson Block | Other People's Money with Max Wiethe

236

Not Backing Down On Recession Call | David Rosenberg on Wealth Effect, Uncle Sam, and Stock Market Price Bubble

237

The Panic Melt-Up In Bank Stocks | Chris Whalen on Recession Fantasies & Capital Market Reawakening

238

Jim Rogers on China, Silver, and Timeless Investment Lessons

239

Inflation Isn’t Dead | Jim Bianco on Why Bond Yields Are Headed Higher

240

Jared Dillian: Private Equity Has Reached A Sentiment Top

241

How Chinese “Stimulus” Is Widely Misunderstood | Brian McCarthy Urges Caution On The Chinese Stock Market Surge

242

Lyn Alden on China's Real Estate Implosion & Stock Market Rally

243

The Oil Market Has A Big Problem | Paul Sankey

244

Harley Bassman: Bonds Are Fully Cooked Without an Imminent Recession

245

China Fights Its Doom Loop | Leland Miller on Mammoth Stimulus From People's Bank of China

246

Neil Dutta: This is What a Soft Landing Looks Like

247

Kris Sidial: "Graveyard Day" Is In Store For Short Volatility Traders

248

Danielle DiMartino Booth: The Fed Is Still Behind The Curve

249

Joseph Wang: Fed Interest Rate Cuts Could Hurt The Stock Market

250

Introducing... Monetary Matters