Odd Lots

Bloomberg’s Joe Weisenthal and Tracy Alloway take you on a not-so random weekly walk through hot topics in markets, finance and economics.
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One of the best recent movies was Uncut Gems, in which Adam Sandler plays a Diamond District jeweller with an addiction to gambling and risk. It turn…
Back in 2017, the World Bank issued the world's first pandemic bonds. The bonds are meant to shift some of the financial risk of a global pandemic on…
Over the last decade or so, we've seen an incredible rise in so-called passive investing. While definitions differ over what this means, we've seen m…
There's a growing consensus that governments need to act more aggressively in using fiscal policy to stave off the next recession, and that monetary …
Even to this day, there are economists who don't understand money or don't think that money is an important aspect of the economy. They see the world…
At the recent World Economic Forum in Davos, there was a lot of talk about the need to change the world's energy usage in order to address climate ch…
What's the connection between low global interest rates, Korean retail investors, and the U.S. options market? On this week's Odd Lots podcast, we di…
Iran's stock market is one of the most unfamiliar equity markets in the world. With Iran under stringent U.S. sanctions, it's hard to even find data …
From Argentina to Chile to Lebanon, we're seeing a high degree of political and economic uncertainty among emerging market economies. On this week's …
The severity of the Great Financial Crisis took economists by surprise, particularly the ones who believed that markets were largely stable and self-…
When people think about Bitcoin, they often think about neo-goldbugs who hate inflation and the Federal Reserve. But beyond the financial case for it…
By this point, everybody knows that online dating is a massive phenomenon, reshaping the social habits of the young and the single. But perhaps peopl…
Many people like to claim that the Federal Reserve is responsible for the high degree of leverage and speculation in the economy. But the mechanism v…
For years, defaults were few and far between in China's corporate bond market. Most investors thought that the Chinese government would never let com…
How do Millennials view investing and spending? How do the rising costs of healthcare, education, and housing affect their economic outlook? How does…
According to the website The Hendon Mob, the top tournament poker player of all time is the American Bryn Kenney, who has won a staggering $55.5 mill…
Back in September, chaos erupted in short-term funding markets, as the cost for financial institutions to borrow reserves soared. Immediately a major…
Where did the notion come from that the obligation of a company's management is to maximize shareholder returns, even if it means pain for workers? O…
You probably haven't thought much about the Taiwanese life insurance industry. Why would you have? But they're among the most fascinating entities in…
Can the U.S. economy have a recession without it turning into a crisis? In the old days, such garden variety recessions were fairly common. These day…
It's well known that Japan has (until recently) been mired in years of mediocre economic growth. And policymakers and economists use Japan as a warni…
On September 19, 2019, Odd Lots hosted its first-ever live event at the WNYC Greene Space in downtown New York City. With an all-star lineup of guest…
For years, China has experienced blistering growth. Driven by an investment-heavy economic model, this growth has limited household income while subs…
History is littered with collapsed civilizations ranging from the Maya to the Angkorians. But what can they tell us about the world today, or doing b…
For years, people have been predicting the demise of the U.S. dollar as the global reserve currency. Yet, despite the fact that the U.S. economy has …
Last month, central bankers gathered at the annual Economic Symposium in Jackson Hole, Wyoming. A lot of the talk was about the limits of monetary po…
One of the oldest, most basic strategies in investing is value investing, which, for lack of a better way to put it, means "buy stocks that are cheap…
Every day, people are bombarded with predictions of what will happen in the future. In recent months, talk of 'inflection points' in the markets has …
We live in a world of generally expensive stock markets and bank equities trading at 30-year lows. So says John Hempton, co-founder of hedge fund Bro…
The amount of negative-yielding debt keeps climbing and now includes bonds issued by emerging market countries and some junk-rated companies. On this…
It's no secret that a lot of the trade tensions between the U.S. and China have centered on technology, and China has accused the U.S. of trying to s…
Last month, Facebook announced it was launching its own cryptocurrency called Libra. Facebook says Libra is going to have all sorts of benefits, incl…
Of all the "Unicorn" startups in recent years, perhaps none induces more skepticism than WeWork. Thanks to its gigantic losses and unusual business p…
There's always bears out there predicting that the stock market will tank. But many of them aren't worth listening to because they're always saying t…
Bitcoin has been around for roughly a decade now, but people have been working on the dream of an anonymous, digital currency for a lot longer than t…
The vast majority of global trade is still denominated in U.S. dollars, making cross-border flows about currencies as much as manufactured goods. On …
There's been a series of historic marches in Hong Kong, with millions of people taking to the streets to protest against an extradition bill that the…
Famous, unique pieces of art are inherently illiquid. They don't sell very often, and pricing is inherently difficult to estimate. Nonetheless, it's …
South Korean boy band BTS is rarely connected to economics, but as the biggest success to come out of K-Pop, it arguably should be. On this week's ep…
Earlier this month, President Trump escalated the trade tensions against China by limiting exports of U.S. technology to Huawei. But what is Huawei, …
Bitcoin has been around for about ten years. But the dream of a decentralized, anonymous digital currency has been around for decades. On this week's…
If you lived in NYC a few decades ago, you probably have heard of Crazy Eddie, an electronics retailer that was famous for its outlandish ads on TV. …
When talking government bond defaults, plenty of people think of Argentina and Greece. But the biggest sovereign debt default of all time was arguabl…
Whenever poker is depicted on a TV show or in a movie there's a lot of emphasis placed on the art and science of reading the physical cues that playe…
Recently, the cryptocurrency exchange Binance delisted a Bitcoin offshoot, causing its price to fall. Crypto’s market structure is still in its early…
No, no, don't worry, the Odd Lots podcast isn't coming to an end. But for actual odd lots -- trades of securities in unusually-sized increments -- it…
There's something wrong with prices in funding and bond markets, according to this week's Odd Lots guest. Zoltan Pozsar is a former adviser to the U.…
In discussions about Modern Monetary Theory (MMT) you often hear that while it may be true that the U.S. has the space to expand its deficits signifi…
These days, everyone is being asked their opinion of Modern Monetary Theory (MMT). And while mainstream pundits and economists universally dismiss it…
There's a problem in many debates about cryptocurrencies and blockchain technology. While many people are inclined to dismiss them as fraudulent ponz…
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