Inside the Blood Sport of Creditor-on-Creditor Violence
In the Zirp era of the mid-2010s, credit markets were booming and investors were clamoring for anything that would produce yield. So they were willing to accept fewer legal protections embedded in bon...
25 Nov 202443min
The Harvard Endowment Is on the Verge of Losing Its Crown
For years, the Harvard Endowment has easily been the largest endowment of any university. But as of right now, it's at risk of losing its crown to the University of Texas. So what happened? It's a com...
22 Nov 202437min
Odd Arne Westad on how China First Joined the Global Capitalist Economy
How did China become the economic behemoth that it is today? One pivotal moment was, obviously, it's ascension into the WTO. Prior to that, the era of reform under Deng Xiaoping was obviously crucial....
21 Nov 202445min
How Fraudsters Are Bilking the Government Out of Billions of Dollars
After his victory, Donald Trump announced that Elon Musk and Vivek Ramaswamy would be leading up a new Department of Government Efficiency in order to crack down on wasteful, fraudulent spending insid...
18 Nov 202445min
Beak Capitalism, Part 3: Un-Clucking the System
In the final episode of our special three-part series exploring the US economy through the chicken industry, we’re taking a look at market competition. Chicken in the US is dominated by a handful of h...
17 Nov 202434min
Beak Capitalism, Part 2: The Chickenization of Everything
The Odd Lots team is analyzing the US economy through the lens of chicken. In this second episode of our special three-part series, we look at the birds themselves and the people who farm them. Becaus...
16 Nov 202436min
Beak Capitalism, Part 1: Chickflation
Everybody loves chicken. And, it turns out, that this humble bird can tell us quite a lot about the way the world works. In this three-part series, the Odd Lots team is exploring some of the thorniest...
15 Nov 202435min
Richard Clarida on This Tricky Moment for the Federal Reserve
Last week the Federal Reserve opted to cut interest rates by 25 basis points, which was what the market expected it to do. But things get more uncertain from here on out. Inflation has been softening ...
14 Nov 202443min
