January Fed Meeting Breakdown | Jack Farley & Max Wiethe on Powell, Banks, and China's AI Race
Federal Reserve chair Jerome Powell updated investors on the key factors driving interest rate policy at the same time as another perhaps even bigger factor, the future of AI, is rocking markets. Jack & Max breakdown Powell’s press conference, the data points to watch, and the AI elephant in the room.
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32:59
Tariffs Could Blow Up the Bond Market | Mark Zandi on the Biggest Risk to the Economy
Mark Zandi, Chief Economist for Moody’s Analytics, joins monetary matters to discuss his outlook for the US economy and why he thinks higher yields driven by broad based tariffs are the biggest risk to the US economy. Despite the economic strength he still sees he believes recession risk is elevated, and this risk is being driven primarily by policy uncertainty. He also discusses the GSEs, Fannie Mae and Freddie Mac, and why he thinks most paths to exiting conservatorship create a lot of pain for the mortgage market.
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Listen to Mark’s Podcast “Inside Economics”: https://www.moodys.com/web/en/us/about/insights/podcasts/moodys-talks-inside-economics.html
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1:06:37
How Micro Informs The Macro | David Steinberg on Scott Bessent, Pet Investing, Semiconductors, Music Publishing, and Peter Lake
David Steinberg, founder and chief investment officer of Marlowe Partners, joins Jack for a very special episode of Monetary Matters. Steinberg recounts what he learned working for Soros and Scott Bessent at Quantum, and how he developed his investment style of high concentration in single-name equities. David and Jack talk Humanization of Pets, semis, music publishing, and David’s secret pastime which he reveals for the first time on this program. Recorded on January 23, 2025.
Peter Lake philosophy: https://www.peterlake.com/philosophy-of-music
Peter Lake on Spotify: https://open.spotify.com/artist/2LO6MZ0w06BnfgIfoJHIe6
Peter Lake on YouTube: https://www.youtube.com/@PeterLakeMusic
Marlowe Partners: https://marlowepartners.com/
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2:35:25
Why Chinese Bond Yields Have Collapsed | Louis Vincent Gave’s Bull Case For Chinese Stocks and Chinese Property Bonds
This Monetary Matters episode is brought to you by VanEck.
Learn more about VanEck Uranium & Nuclear ETF: http://vaneck.com/NLRJack
Louis Vincent Gave, Founding Partner & Chief Executive Officer at Gavekal, joins Monetary Matters to share his perspective on China in 2025 and beyond. Recorded on January 20, 2025.
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Arthur Kroeber book, “China's Economy: What Everyone Needs to Know”: https://www.amazon.com/Chinas-Economy-Everyone-Needs-Know%C2%AE/dp/0190239034
Louis Vincent Gave’s book, “Avoiding the Punch: Investing in Uncertain Times”: https://www.amazon.com/Avoiding-Punch-Investing-Uncertain-Times-ebook/dp/B09VHDBXYL/ref=sr_1_7?dib=eyJ2IjoiMSJ9.W_PznDbWJKTl-zd_BOIBZNrHLa30eAYoCsZGe1ZpZwRhjIip7Xd8SpCuG-DD3aQbL5eMVpAPzCxO34wzVfJLqNyukXrF4ZKT-K_L6rUFfas.Uiti9KCVO588GfCFlmEf0BbhZ2deqYObl4DW-bw2l_A&dib_tag=se&qid=1737553285&refinements=p_27%3ALouis-Vincent+Gave&s=books&sr=1-7
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1:24:12
Trading Skill Isn’t Enough to Run a Hedge Fund | Benn Eifert of QVR Advisors
Almost everyone who works in finance dreams of one day showcasing their trading or investing prowess by starting their own hedge fund, but being a good trader is only one line item in a long list of skills required to be a successful hedge fund manager. Benn Eifert, Managing Partner of QVR Advisors, who himself has built his firm into one that manages $2 billion in assets, discusses the important interpersonal skills, operational considerations, and marketing duties that also fall squarely on the shoulders of the founding portfolio manager. Eifert also touches on why pod shops have been so dominant in attracting both assets and talent, his outlook for single managers and the hedge fund industry, and the growth of listed fund products using options and other derivatives.
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Follow Benn Eifert on Twitter: https://x.com/bennpeifert
Ireland