787 episodes

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Odd Lots Bloomberg

    • Business
    • 4.5 • 1.3K Ratings

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Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Listen on Apple Podcasts
Requires subscription and macOS 11.4 or higher

    Introducing: Big Take Asia

    Introducing: Big Take Asia

    We’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifting region. 
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    • 1 min
    How to Succeed at Multi-Strategy Hedge Funds

    How to Succeed at Multi-Strategy Hedge Funds

    Multi-strategy hedge funds are all the rage right now. But there's also a lot of confusion about what exactly they do, and how the the so-called "pod shops" differ from more traditional hedge funds. In this episode of the podcast, we speak with Giuseppe 'Gappy' Paleologo, a long-time veteran of the space. In addition to writing books about quantitative finance, Gappy was director of risk and quantitative analysis at Citadel and head of enterprise risk at Millennium, among many other jobs. He walks us through what multi-strat traders actually do all day, what makes for a good multi-strat candidate, and how to win in the pod shop game.
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    • 48 min
    Jeff Currie on Why Copper Is His Highest-Conviction Trade Ever

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

    Copper has long been touted as a big winner from the world's drive towards electrification. All those electric vehicles and new grids need lots of the metal to work. At the same time, since it takes years for new copper mining capacity to actually come on stream, many people expect a long-term shortage of the metal to materialize. But despite all that excitement, copper prices actually fell over the past few years. Now, copper bulls are getting another chance as the metal surges towards a new record. So why didn't the thesis play out before? And what does the mismatch between short-term prices and long-term supply actually mean for the world? In this episode, we speak to Jeff Currie, a long-time copper bull and commodities veteran who's now at Carlyle Group. We talk to him about why copper is his highest-conviction trade ever, plus the outlook for oil and big changes in petrodollars.
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    • 41 min
    Pierre Andurand Says the World Could Run Out of Cocoa Inventories

    Pierre Andurand Says the World Could Run Out of Cocoa Inventories

    Pierre Andurand made his name trading oil and other energy-related assets, but wild swings in the price of cocoa have recently lured the founder of Andurand Capital Management into a new market. He bet on cocoa earlier this year and saw the trade pay off as the price of the beans surged to a record $12,000 a ton. Prices have since fallen back to around $7,800, but Andurand sees scope for further upside as extreme deficits in the building blocks of chocolate loom. In this episode, we talk about how he entered the cocoa market, how he formed his investment thesis, and potential interest in other soft commodities, like coffee and orange juice. We also talk about copper, where a similar story of structural shortages is now playing out in prices.
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    • 45 min
    Viktor Shvets on How the Fed Has Become a Prisoner of Its Own Making

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

    This week, we'll get fresh inflation data in the US, which will inevitably feed into the Federal Reserve's future decisions to raise, hold or lower benchmark interest rates. Meanwhile, the Biden administration is preparing to announce new tariffs aimed at curbing Chinese imports in key industries, including electric vehicles, batteries and solar cells. On this episode, we speak to Odd Lots favorite Viktor Shvets. The Macquarie strategist has a way of threading the needle between major global events and reaching back into history to provide context for our current macroeconomic moment. He describes the US central bank as a prisoner of its own policies, namely data dependency and the "dot plot." Meanwhile, China faces "massive" overcapacity problems as more and more countries put up barriers to its exports. We also talk about generational shifts and what they mean for investment.
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    • 48 min
    Lots More With Brad Setser on the Yen, a New China Shock and Excavators

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

    There's a lot going on in currency markets and global trade at the moment. The Japanese yen has been falling, even after authorities seemed to intervene to try to arrest the slide. Meanwhile, weakness in the Chinese yuan has helped boost that country's exports and is fueling talk of a new "China Shock" for the rest of the world, even as its economy continues to grapple with slower economic growth and excess capacity. In this episode of Lots More, we bring back Brad Setser, senior fellow at the Council on Foreign Relations, to walk us through these developments, along with his new paper, "Power and Financial Interdependence." We also talk about what China's excavator exports can tell us about its economy.
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    • 29 min

Customer Reviews

4.5 out of 5
1.3K Ratings

1.3K Ratings

intrigued14 ,

That Richmond Fed Roadtrip Episode

That Richmond Fed Roadtrip Episode was amazing. I loved hearing from actual people living in places that I haven’t been to and to see that housing and childcare are problems everywhere. All three companies profiled were very interesting, so were Barkin’s reflections. This was much better than hearing the same national story told by another big city reporter.

SpenceDP ,

Loved the On the Road Episode

Excellent production value, too. Really well done.

incrediblemulc ,

i have the perfect podcast for ya

but seriously much better than it has any right to be. you may not think economic pilpul is your bag baby but these kooks are fascinating a nd somehow evdn fun

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