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.
Subscribe via Apple Podcasts
Officially, the US unemployment rate stands at 11%. This is higher than the worst levels of the financial crisis. And there are reasons to think that…
The world has gotten angrier in recent years, and the coronavirus crisis seems likely to have accelerated the trend. So what does this say about the …
Central banks and fiscal authorities around the world have taken extraordinary measures to stem the economic fallout from the coronavirus crisis. But…
For years and years, the Chinese economy has been characterized as a bubble, with too much debt, and a history of badly thought out, state-directed i…
Nobody knows what the post-COVID future looks like. But there are some lessons to be learned from previous pandemics. On today’s episode we speak wit…
Chamath Palihapitiya is the CEO of Social Capital, the Chairman of Virgin Galactic and a partial owner of the Golden State Warriors basketball team. …
In the summer of 2004, Google went public and, as everyone knows, it’s done phenomenally well. What’s less known is that a few weeks later, Domino’s …
One of the characteristics of the pre-crisis (and perhaps also the post-crisis) economy is the presence of very low interest rates, and financial ass…
As many active fund managers have discovered in recent years, it’s extremely hard to find a sustainable edge in investing. But for people who put in …
Welcome to Part V of the Odd Lots LIBOR series, in which Tracy Alloway and Joe Weisenthal take a look at life after LIBOR, the interest rate tied to …
Welcome to Part IV of the Odd Lots Libor series, in which Tracy Alloway and Joe Weisenthal take a look at life after Libor, the interest rate tied to…
Welcome to Part III of the Odd Lots Libor series, in which Tracy Alloway and Joe Weisenthal take a look at life after Libor, the interest rate tied t…
Troubles with LIBOR have kickstarted a massive project to transition to a new benchmark interest rate for financial markets. On the second episode of…
Welcome to the Odd Lots LIBOR series, in which Tracy Alloway and Joe Weisenthal take a look at life after LIBOR, the interest rate tied to more than …
When people talk about the dominance of the U.S. dollar in global commerce, they often refer to it as a unique privilege of the Unied States that its…
The economic crisis will result in an extraordinary amount of pain for emerging markets. In addition to the health disruption, the global economic co…
Even with the recent stock market rally, expectations are poor for a robust recovery in the U.S. So what does history teach us about what works and w…
How should the government address the economic crisis? On this episode, we talk with Mark Cuban, the Shark Tank co-host and billionaire owner of the …
With the acute phase of the health crisis having faded in China, factory activity has ramped up again. One big problem though: With the economy so de…
Countries around the world are undergoing an unprecedented, simultaneous real economic shock. So how should policymakers respond? Richard Koo is the …
We’ve seen a huge market crash this year and a number of firms reporting portfolio losses. So why were so many big investors crowded into the same tr…
During the last crisis, the economist Nouriel Roubini earned the nickname “Dr. Doom” for his ominous prognostications about the economy and financial…
The hunt is on for a clinical therapy to prevent or treat COVID-19. But what’s the best way to go about this? How can governments accelerate this pro…
In 2018, Columbia history professor Adam Tooze published his magisterial work “Crashed”, which framed the Great Financial Crisis as essentially a cri…
The fate of the economy remains extremely unclear. However there is little doubt that the Fed has taken dramatic steps to arrest the crisis. Not only…
With major economies around the world coming to a screeching halt, emerging markets are in a squeeze of historic proportions. Not only are they being…
Commerce and payments are increasingly digital. This shift from physical to electronic is one that governments and businesses are eager to accelerate…
At the end of March, Congress passed the CARES Act in an attempt to mitigate some of the massive economic devastation being caused by the coronavirus…
With the U.S. economy going into a deep slump, the Federal government has attempted to counteract the pain by increasing spending. But for cities and…
Earlier this year on Odd Lots, we did an episode about Korean structured investment products that were sold to retail investors, whose performance wa…
The commercial real estate market has been clobbered in this crisis, as restaurants and stores virtually shut down entirely throughout the month of M…
The plumbing of the financial system is coming under strain like never before. On this week’s podcast, we speak with two legendary experts on how the…
In normal times, U.S. Treasuries are the ultimate safe haven. They are highly liquid and guaranteed to pay out. So when people want to hide out durin…
For a long time, people have been warning that corporate debt could be the major source of vulnerability in today's economy. And the market meltdown …
Markets around the world are so extremely volatile that nobody can think of any perfect precedent. There are shades of the Great Recession, 1987, the…
Saudi Arabia recently announced that it was engaging in a full-on price war by pumping oil like crazy. At one point, after the move, the price of Bre…
The U.S. is on the verge of an economic crisis due to the coronavirus, as people and businesses aggressively pull back on spending. On this week's Od…
Questions continue to arise over the effect of passive investing, and whether or not it's somehow distorting the market. On this week's episode, we s…
In recent weeks, before the stock market plunged, a page on reddit called r/WallStreetBets suddenly started exhibiting enormous influence on a handfu…
There are lots of famous debt crises in history, but the story of Iraq's government debt build-up in the 1980s and subsequent restructuring in the ea…
Apple's recent revenue warning reminded the world of how exposed the company is to China, and in particular its factories. As the coronavirus continu…
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 …
For all episodes, subscribe via iTunes