Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets.
Why Tracy Can't Ship a Teddy Bear from Hong Kong to the U.S. Right Now
By this point, you're aware that shipping anything internationally is pretty tough right now. It turns out, it's getting worse. Earlier in the year, Tracy tried shipping a teddy bear from Hong Kong to the U.S. on a vessel, but, for a variety of reasons, it ended up not working out. At least she tried. Right now, she wouldn't even be able to try because international shipping has gotten that much more messed up. So what's behind this logistical nightmare? On this episode, we speak with Mercury Group CEO Anton Posner and President Margo Brock for a granular deep dive into the state of shipping and why it's so hard for Tracy (and even shippers with higher dollar value goods for sale) to get space on a vessel right now.
Why Brooklyn Nets Star Spencer Dinwiddie Co-Founded a Crypto Startup
Over the last year, numerous celebrities and athletes have gotten into crypto in some way. For example, some have announced plans to put part of their salary into Bitcoin. But Brooklyn Nets star Spencer Dinwiddie has been in the space for a lot longer, having held Bitcoin for several years. And, in addition to owning Bitcoin and other coins, he's also the co-founder of a new company called Calaxy, which aims to let fans buy tokens associated with their favorite stars. On this episode, we speak with Spencer as well as his co-founder Solo Ceesay about the world of creator tokens, and how various technologies, including crypto, are changing the relationship between fans and celebs.
This Is How the U.S. Ran Out of Homes for Sale
Home demand is booming. By some measures, the market is even hotter than it was during the peak prior to the financial crisis. But there's one big problem: There just aren't many homes available to buy. Whether it's existing inventory or new home sales, there simply isn't enough to meet the demand, even with prices surging. On this episode of Odd Lots, we speak with housing economist Ali Wolf, the chief economist at the data and research firm Zonda, about how the boom happened; how America became so under-housed; and how constraints of land, labor and materials are making it brutal to build more of them.
Dan Ariely on How To Win Big by Betting on Human Capital
Dan Ariely is one of the most famous behavioral economists in the world. And in his latest act, he's attempted to apply his research to investing. His five-year-old firm Irrational Capital searches out companies that foster human capital: that companies which do a better job of nurturing their employees see stock market outperformance. In this episode, we talk about why human capital matters, how to measure it, and what kind of investment returns he's seen by betting on it.
Roshun Patel on What Really Happened During the Crypto Market Crash
The crypto market recently experienced one of its worst crashes ever, with numerous coins cut in half in a manner of days, seemingly without an obvious catalyst. So what really happened during the selloff? Who was behind it? And what role did crypto market structure play in the intensity of the decline? We speak with Roshun Patel, the VP of lending at the crypto prime brokerage Genesis, who explains all of this, plus much more.
Data Centers, Crypto Miners, and Gamers Are All Battling for Semiconductors
These days, there's a shortage of chips everywhere you look. Some of it is related to idiosyncratic events specifically related to logistics. Some of it is related to production challenges relating to long, pre-existing trends. And other aspects are simply related to the fierce battle for chips among a range of players. On this episode, we speak with Brian Venturo, the CTO of CoreWeave, a cloud services provider about serving his clients, the role of crypto mining in tightening the chip market, and other players, like gamers, who are looking for more computing power.