I don’t like to send more than one post in a day, but several people requested this, so here you go…
Tobias and Jake - great guys, always been nice to me - have a very laidback podcast that I enjoy, and I thank them for having me on. Here’s the Youtube, but I know a lot of people (like me) prefer audio-only, so I will do this post, although Apple Podcasts should have it up soon as well.
Corrections:
I noticed two senior moments - when I say “Bill Black” twice, I mean “Leon Black” - and it sounds like I said Robert Kaplan was insider trading $1 “Trillion” a day - if it’s unclear, I meant $1 Million. (Here’s Tobias’ transcript, which includes my mis-speaking).
I’ll annotate below with some of my stuff that I mention in the podcast. Ask me if you are looking for anything else…Some of this can also be found in my latest piece, There is No Average.
It turns out that "Occupy Wall Street" actually refers to ex and future central bankers:
Nice trick how economists like Fischer, Krugman, Bernanke, Yellen & Summers have been able to turn providing intellectual cover for a Cantillon Effect-on-steroids system - that created the greatest wealth divide in U.S. history - into their own generational wealth, provided by the super-rich!
My screengrab, March 18, 2020:
Eight days later:
On Macro: "All these stories are a fantasy. That's all they are...Something needs to be written in the newspaper every day to explain what happened in the market today. To me, it's all just a fantasy." - Jason Shapiro
Randy Woodward
One example: This is the head of the NY Fed:
Ex-St. Louis Fed President Jim Bullard
"The text of the final bill was breathtaking in the breadth of new powers it bestowed on the Federal Reserve, including the Fed’s ability to conduct secret meetings with no minutes provided to the American people."
Here’s the Powell private-equity thread I mention.
A thread on the only person who tried to stop the Fed’s insanity, Tom Hoenig.
Thread on Tom Owens’ review of Edward Chancellor’s book, The Price of Time.
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