300 episodes

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

Odd Lots Bloomberg

    • Investing
    • 4.7 • 6 Ratings

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

    How Traders Used Google Searches To See The Economic Recovery In Real Time

    How Traders Used Google Searches To See The Economic Recovery In Real Time

    The use of so-called "alternative data" has been gathering attention for some time. Investors have been looking at things like credit cards or satellite photos of Walmart parking lots for insights into businesses before earnings or official government numbers come out. But during this crisis, alternative data has really come into its own. The speed of the crash and recovery happened so fast, it was clear that traditional numbers weren’t timely enough to get a read on what was going on. On this week's episode, we speak with Ben Breitholtz of Arbor Data Science, who explains how he's been able to monitor thousands of different categories of Google Search queries to know instantly when the recovery started to happen and what sectors of the economy were leading the way. 

    • 41 min
    How SoftBank And Robinhooders Added Fuel To The Stock Market Boom

    How SoftBank And Robinhooders Added Fuel To The Stock Market Boom

    One of the most intriguing subplots to the 2020 stock market boom has been the speculative fervor with which investors have dived into this market. And it's not just that participants have bought a lot of stock, but that they've been using aggressive options strategies to do so. What's more, it's a range of players doing it, from retail traders on Robinhood (and other platforms) to large institutions like SoftBank. On this episode, we speak with Benn Eifert of QVR Advisors, who breaks it all down.

    • 47 min
    Why Blank Check Companies Are The Hottest Thing This Year

    Why Blank Check Companies Are The Hottest Thing This Year

    SPACs have been around a long time. The basic premise is that a group of people raise a bunch of money from public market investors, with the premise of then going out to buy a specific, individual company. They're seen as an alternative to IPOs. While historically they've had a reputation for some questionable deals, this year they've been booming. All kinds of big names like Bill Ackman and Paul Ryan (yes, that one) are getting in on the action. On this episode, we speak with Kelly Driscoll, one of the founders of the SPAC Fusion Acquisition Corp, who explains why these entities are so hot right now.

    • 52 min
    How A New Type Of Money Helped Cause The Great Financial Crisis

    How A New Type Of Money Helped Cause The Great Financial Crisis

    It's fun to talk about what money is, but often it's hard to connect the dots and make it actually relevant to the discussion of the economy and markets. But, in this episode, we do just that. Our guest is Jacob Goldstein, a co-host of Planet Money and the author of the new book, “Money: The True Story Of A Made-Up Thing”. He explains the story of money market mutual funds, how they constituted a new form of money, and how they contributed to the Great Financial Crisis. 

    • 48 min
    Paul McCulley: We Are "Unambiguously" On The Verge Of A Profound Change In The Economy

    Paul McCulley: We Are "Unambiguously" On The Verge Of A Profound Change In The Economy

    Paul McCulley is a former Managing Director at PIMCO and a legend of the industry, having helped coin phrases such as "shadow banking" and the "Minsky moment." On this episode, we discuss the history of economic policy ideas, starting with the monetary and supply side revolutions roughly forty years ago, and how they've dominated thinking until today. But the break is coming. He says that we are "unambiguously" on the verge of a profound change to a more democratically managed economy (one more driven by fiscal policy), a change that will have significant changes for the real economy as well as markets and portfolio management.

    • 1 hr 3 min
    Minneapolis Fed President Neel Kashkari On The Historic Challenges For Monetary Policy

    Minneapolis Fed President Neel Kashkari On The Historic Challenges For Monetary Policy

    The Fed is facing historic challenges for two reasons. The first is the coronavirus and the task of facilitating the economic recovery. The second challenge is one that precedes the crisis, and it has to do with how the Fed operates generally as well as the limits of effective monetary policy. How can the Fed better achieve its goals? Can monetary policy spread the benefits of growth more broadly? How can it avoid snuffing out growth prematurely? On this week’s episode, we’re joined by Minneapolis Fed President Neel Kashkari, who is thinking about all of these things and more.

    • 52 min

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