Odd Lots
Bloomberg
Discover the intricacies of the financial world with "Odd Lots," a captivating podcast by Bloomberg that delves into the complex and often misunderstood aspects of markets, economics, and finance. Hosted by Joe Weisenthal and Tracy Alloway, this podcast offers insightful discussions that illuminate the forces shaping our economic landscape. Each episode explores a unique topic, ranging from the latest trends in trading to deep dives into historical financial phenomena, making it an essential listen for both industry professionals and curious learners alike. "Odd Lots" excels in breaking down complicated subjects into engaging and digestible content, often featuring expert guests who bring their deep knowledge and unique perspectives. Whether you're a seasoned investor looking for a nuanced view of market dynamics or a newcomer eager to understand the fundamentals of economics, "Odd Lots" provides a rich source of information and analysis, all delivered with Bloomberg’s signature clarity and depth.
Episodes
Lots More With Luke Kawa on Memestock Mania 2.0
In the "Lots More With Luke Kawa on Memestock Mania 2.0" episode, hosts Joe Weisenthal and Tracy Alloway discuss the unexpected revival of meme stocks like GameStop with guest Luke Kawa. They explore the market's failure to anticipate such phenomena under the efficient market hypothesis. Kawa, a former Bloomberg colleague now at Robinhood's Sherwood media, shares insights on meme stock dynamics, including market maker responses and the role of social media platforms like WallStreetBets. The episode critically examines the cyclical nature of meme stocks, highlighting both the market mechanics and the cultural impact of this trading phenomenon.
How a DOJ Economist Approaches Antitrust in America
In this enlightening episode of Bloomberg's Odd Lots podcast, hosts Joe Wiesenthal and Tracy Alloway explore the intricacies of antitrust practices with Ioana Marinescu, the principal economist at the DOJ's antitrust division. The conversation illuminates how antitrust laws are applied in various industries to combat monopolistic behaviors and promote competitive practices. Marinescu shares insights on the DOJ's methods for identifying and investigating anti-competitive behavior, emphasizing the importance of diverse data analysis, including market shares and direct competition metrics. The episode also discusses the broader economic impacts of high corporate concentration, such as reduced innovation, higher prices, and lower wages, and highlights significant antitrust cases, including the attempted merger of Penguin Random House and Simon & Schuster.
How to Succeed at Multi-Strategy Hedge Funds
In this informative session of the Bloomberg podcast, hosts Joe Weisenthal and Tracy Alloway discuss the dynamics of multi-strategy hedge funds with expert guest Giuseppe Paleologo. They explore the operational, strategic, and risk management aspects that contribute to success in this highly competitive field. Giuseppe shares his experiences and insights on the different investment strategies, the importance of a diversified portfolio, and how hedge funds manage to remain market-neutral while optimizing returns. The discussion also covers the evolving landscape of hedge funds, the role of quantitative analysis, and the personal attributes necessary for success in this sector.
Jeff Currie on Why Copper Is His Highest-Conviction Trade Ever
Jeff Currie discusses the intricacies of the copper market and its relevance to various global initiatives, particularly in renewable energy and infrastructure development. The conversation revolves around the persistent supply challenges, despite growing demand driven by decarbonization efforts and technological advancements like electric vehicles and green energy. Currie emphasizes the dissonance between short-term market fluctuations and long-term demand forecasts, underscoring the critical role of strategic investments in bridging this gap. He also touches on the impact of global policies and economic factors on commodity prices, providing a comprehensive overview of the copper market's current state and its potential trajectory.
Pierre Andurand Says the World Could Run Out of Cocoa Inventories
In a captivating discussion on Bloomberg's Odd Lots podcast, commodities trader Pierre Andurand delves into the precarious state of the global cocoa market. Amidst rising cocoa prices, Andurand explains the combination of decreased production and consistent demand could lead to an unprecedented shortage. Key insights are drawn from his analysis of the cocoa trade, focusing on structural challenges such as climate change, diseases affecting crops, and high fertilizer costs, all contributing to a significant drop in production, particularly in major producing countries like Ivory Coast and Ghana.
Viktor Shvets on How the Fed Has Become a Prisoner of Its Own Making
In this compelling episode of Bloomberg's "Odd Lots" podcast, hosts Tracy Alloway and Joe Wiesenthal engage with Viktor Shvets, a strategist from Macquarie, to discuss the intricacies of the Federal Reserve's current predicament. Shvets argues that the Fed has become overly data-dependent, which, coupled with the usage of 'dots' (interest rate predictions), restricts its policy flexibility, making it a prisoner to its own short-term reactive strategies rather than being forward-looking. The conversation explores the broader implications of U.S. monetary policy, its interaction with global economic trends, and the potential consequences of policy errors in an environment of high volatility and uncertain inflation dynamics.
Lots More With Brad Setser on the Yen, a New China Shock and Excavators
In this enlightening discussion on "Odd Lots," hosts Joe Wiesenthal and Tracy Alloway engage with Brad Setser to dissect the complexities behind the yen's depreciation and its broader economic implications. The conversation spans the intervention strategies by Japan's Ministry of Finance, the impact of differing monetary policies across global economies, and the ongoing challenges in managing currency and inflation rates effectively. Additionally, the episode delves into China's increasing dominance in global exports, particularly in the auto and clean energy sectors, highlighting the potential for a new "China shock" that could reshape global trade dynamics.
Hugh Hendry on the "Terrifying" Yen Move, and Risk of "Mad Max" Deflation
In a revealing discussion on Bloomberg's Odd Lots podcast, hosts Joe Wiesenthal and Tracy Alloway engage with Hugh Hendry, a former hedge fund manager, on the significant devaluation of the Japanese yen and its potential to trigger a global economic crisis akin to a "Mad Max" scenario. Hendry explores the intricate dynamics of currency markets, speculating on possible drastic deflations and shifts in global power balances. His insights draw on extensive experience and a creative, almost prophetic approach to financial analysis, emphasizing the precariousness of current economic stability and the interconnectedness of global markets.
What a Fed President Hears When He Goes on the Road
In this enlightening episode, Tom Barkin, the Richmond Fed President, embarks on a listening tour to gauge the economic pulse across his district. From small towns to bustling businesses, Barkin listens to local concerns about inflation, labor markets, and economic challenges. The episode vividly illustrates the diverse economic landscapes of southeastern U.S. states, showcasing Barkin's interactions with business leaders and his strategic inquiries that inform the Federal Reserve's policy decisions. The narrative seamlessly weaves through various sectors, including manufacturing and service industries, providing a comprehensive view of the economic dynamics at play.
Lots More on How CHIPS Act Money Got Awarded
In this detailed exploration of the CHIPS Act funding, hosts Tracy Alloway and Mackenzie Hawkins dissect the intricacies of semiconductor funding. They reveal how 85% of the direct grant funding has been allocated but not yet disbursed, emphasizing the long due diligence and construction phases that delay actual payment. The episode highlights Intel's significant role, receiving the largest grant of $8.5 billion for projects across four states, amidst controversies and negotiations involving government departments and the military. It also touches on broader concerns about the U.S.'s dependency on Asian semiconductor manufacturing and the potential repercussions of geopolitical tensions, particularly with China.
Luis von Ahn Explains How Computers and Humans Learn From Each Other
Luis von Ahn discusses the inception and evolution of CAPTCHA, the online test that differentiates humans from machines. Originally simple, these tests have become more complex as machines grow more capable. Ahn also delves into the AI advancements at his company, Duolingo, particularly in enhancing language learning through adaptive exercises tailored to individual users' needs. The episode touches on the broader implications of AI in society, emphasizing its potential to revolutionize how humans interact with technology and learn new skills, while also acknowledging the challenges of ensuring AI benefits are accessible and beneficial for all.
The Ultra Wealthy Have Their Own Separate World of Real Estate
In this revealing episode, the hosts delve into the separate world of real estate reserved for the ultra-wealthy, featuring insights from real estate expert Haten Sumtani. They discuss the staggering price tags of luxury properties in places like New York and Dubai, and the shift towards a global real estate market where local maximums no longer apply. The conversation covers the investment strategies of billionaires, the development of branded luxury properties, and the implications of these markets on local economies. With examples ranging from penthouses selling for hundreds of millions to private islands, the episode paints a picture of a real estate market that is as exclusive as it is influential.
An Ex-CIA Officer Explains How to Spot a Lie in Business
In this intriguing episode of Bloomberg's podcast, hosts Tracy Alloway and Joe Wiesenthal delve into the art of lie detection with Phil Houston, a former CIA officer with extensive experience in polygraph examination. Houston discusses the application of lie detection techniques in business, particularly during corporate acquisitions and executive interviews. The episode provides a fascinating look at how subtle cues and strategic questioning can reveal dishonesty, enhancing due diligence and strategic decision-making in business. Through anecdotes and explanations, Houston illuminates the psychological underpinnings of deception and offers practical advice for identifying deceit in professional settings.
Here's Who's Winning the Global Fight for AI Talent
The episode delves into the fierce global competition for AI talent, emphasizing the strategic maneuvers by the US and China to secure top-tier AI researchers and engineers. It features insights from Damian Ma, Managing Director at the think tank Macropolo, who discusses the Global AI Talent Tracker. The discussion centers on the recruitment dynamics, the significance of AI in national strategies, and the evolving landscape of AI applications from generative models to industrial uses. The episode reveals how nations are ramping up their educational and industrial capabilities to attract and retain AI professionals, thus shaping the future of technology and geopolitics.
Josh Wolfe: The ChatGPT of Robotics is Coming
In this engaging episode of Bloomberg's "Odd Lots" podcast, hosts Joe Wiesenthal and Tracy Alloway interview Josh Wolfe, co-founder and managing partner of Lux Capital. Wolfe discusses the intersection of robotics and AI technologies, emphasizing the emerging trends and potential disruptions in industries ranging from manufacturing to personal assistance. The conversation highlights the shift from simple AI applications, like chatbots, to more sophisticated, industrial uses of AI and robotics. Wolfe delves into the complexities of developing robotic technologies that mimic human actions in unstructured environments, the importance of training data, and the need for innovation in energy supply to meet the demands of high-powered AI systems. Key discussions include the commercial viability of these technologies, the challenges of commoditization, and the significant investments driving forward the sector.
Richmond Fed President Tom Barkin On Getting Inflation Under Control
In a detailed conversation on "Odd Lots," Tom Barkin, President of the Richmond Fed, shares insights into the current economic climate, particularly focusing on inflation trends and the effectiveness of monetary policy. Amidst fluctuating economic indicators, Barkin emphasizes that while consumer demand remains strong, inflation has been stubbornly high, particularly in the services and shelter sectors. He discusses the challenges of managing inflation back to the 2% target, exploring factors like housing resilience and the impact of financial conditions. The conversation provides a nuanced understanding of the Federal Reserve's strategies to balance economic growth with inflation control, highlighting the complexities of adjusting monetary policies in response to dynamic economic data.
What AMLO's Legacy Means For Mexico's Upcoming Election
The episode delves deep into the economic and political landscape of Mexico under AMLO, focusing on his controversial policies, the economic shifts due to nearshoring, and the escalating security issues due to drug cartels. It discusses the potential for Claudia Sheinbaum, AMLO's endorsed successor, to continue his legacy or diverge due to different policy perspectives, particularly on security and economic management. The discussion also highlights the significant influence of the military in infrastructure and national projects under AMLO's administration, examining how these initiatives could shape Mexico's economic and security environment. As election day approaches, the podcast evaluates the chances of continuity or change in Mexico's governance, considering the profound implications of AMLO's presidency.
How The American Workforce Got Hooked on Adderall
The episode delves into the widespread use of Adderall in the American workplace, highlighting its evolution from a medication for ADHD to a tool for enhancing work performance. The discussion reveals a complex landscape where Adderall's accessibility, particularly through telepsychiatry during the pandemic, has made it a common enhancer in high-pressure work environments. The conversation touches on the historical context, including the shift from Ritalin to Adderall in the 1990s and the broader cultural acceptance of psychostimulants. It also addresses the ethical and fairness issues surrounding performance enhancement through prescription drugs, as well as the regulatory and economic dynamics influencing drug availability and use.
How Electric Utilities Will Handle Booming AI Datacenter Demand
The episode delves into the growing challenge faced by electric utilities due to the booming demand from AI data centers. The discussion highlights how AI technologies, particularly large language models like GPT, consume significant amounts of electricity, prompting concerns about the sustainability and capacity of current electrical infrastructure. The episode features insights from Brian Janous, former energy manager at Microsoft, who discusses his experience and predictions regarding the intersection of technology and energy consumption. The conversation explores both the technical and commercial implications of meeting this new demand, including the role of renewable energy sources and the potential for more traditional power sources like coal and gas to fill the gap.