Discover and read the best of Twitter Threads about #OddLots

Most recents (6)

Giving workers modest sums to prevent them from starving during the lockdowns enraged #inflation hawks, who insist that improvements to workers' material lives will transform America into an amateur Weimar revival, with wheelbarrows of useless bank-notes. 1/ An old general store. Inste...
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

pluralistic.net/2023/03/11/pri… 2/
"Democrats" like Larry Summers - a Clintonite ghoul who is on record as saying that women are biologically incapable of doing science - insisted that preserving workers' living standards was a terrible mistake. 3/
Read 40 tweets
critique of Bernanke.
I think marks the sea change that is going down now expressed in market levels and risk which is a shedding/exposure of the decade long con that Bernanke represents, how the Fed lost its monetary way.
@PMehrling @TheStalwart
ineteconomics.org/perspectives/b…
likes of #oddlots who have been among many cheering on this vapid empty faux Wicksell Fed, gullibly eating all the politicos bunk for a decade now, should hedge their reputation by - if he will - get Mehrling back on but this time without the near insult of Zolt as his equal.
this sea change from Wicksell nonsense with all the weakness of this letter and then more, back to the Schwartz,Friedman, Minsky etc etc monetary reality will have great implications for not only markets - as shown now - but also the entire media, pundit, journos industry.
Read 4 tweets
/THREAD/ Lately, I've been thinking about the ways my two chief interests—China and the Fed— combine. Paraphrasing his Rhodium boss, @jordanschnyc once gave a clue highlighting how the Party, like the Fed, retreats to the presumed safety of status quo whenever flirts with reform. Image
2. To entertain this observation, I would like to pull a section from a episode of #Oddlots hosted by @tracyalloway @TheStalwart feat. Viktor Shevets. It contains his review of the Mian & Sufi on inequality as driving factor of declining r* (19:20-30:00).
3. The headline conclusion, which perhaps you can take with a grain of salt as Shevets is first to admit he is not always right (e.g. Chinese equities), is "2022 will year of removal of fiscal & monetary supports, '23/'24 will be year of putting back on." (49-50:15)
Read 24 tweets
Inflation is up high right now. But there's some good news: The price of nails is lower than it was in 1695.

@tracyalloway and @TheStalwart speak to @DanSichel1 about what that might mean for the economy

Spotify ▶️ trib.al/ik08GzP
Apple ▶️ trib.al/bkDdgf1 Image
So how do we know what the price of nails was back then? And what can such a long-term look tell us about innovation in such a seemingly simple product?

@DanSichel1 explains on #OddLots
trib.al/DF21cQ0
Read 5 tweets
There's been a tremendous amount of volatility in crypto lately. But what’s been the effect on people who are deeply involved in the space?

@tracyalloway and @TheStalwart speak to @evabeylin for her perspective

Spotify ▶️ trib.al/7Jvijto
Apple ▶️ trib.al/CeGzIYc
.@evabeylin knows crypto as both an investor and a builder.

As an investor, she's part of the amorphous investment collective known as eGirl Capital, and on the building side, she's the director of The Graph Foundation
trib.al/EFjHKd9
For @evabeylin, a true Web3 app is "open, permission-less, and decentralized."

She explains more of her projects and what things look like in this current moment on #OddLots trib.al/EFjHKd9
Read 7 tweets
Doing a thread on these Korean Structured Products
And the unintended market effects of these ... cases where tail wags the dog.

First do listen to the excellent podcast (#OddLots is the best Fin Markets podcast by @TheStalwart & @tracyalloway here they speak to @bennpeifert)
@TheStalwart @tracyalloway @bennpeifert So the main point is the rising amount of savings in East Asia (Korea, Japan) which leads to investments in Structured Products. (They had a similar podcast with @Brad_Setser on Taiwanese Lifers - though more focussed on USDTWD hedging)
...
@TheStalwart @tracyalloway @bennpeifert @Brad_Setser Bottom line is - East Asia has a large pool of savings, and needs to be invested some where.

Bonds provide a very low return (global QE pushed down yields), and stocks have too much market risk & volatility.

Enter #StructuredProducts = Bond like coupons, but Stock type returns
Read 19 tweets

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