Hidden Forces17 Mar 2022

Quantifying Structural Risk in 'Zombified' Markets | Hari Krishnan & Ash Bennington

In Episode 238 of Hidden Forces, Demetri Kofinas speaks with Hari Krishnan (Head of Volatility Strategies at SCT Capital) and Ash Bennington (Senior & Crypto Editor at Real Vision) about their book "Market Tremors: Quantifying Structural Risks in Modern Financial Markets."

Since the Global Financial Crisis, market structure has undergone a dramatic shift. A combination of Central Bank policy, disintermediation of commercial banks through regulation, and the growth of passive products such as ETFs have 'zombified' markets. Risk has increasingly built up beneath the surface through a combination of excessive leverage and crowded exposure to specific asset classes and strategies. In many cases, historical volatility understates prospective risk.

This conversation is meant to expose you to some of the ideas behind Market Tremors, which provides a practical and wide-ranging framework for dealing with the credit, positioning, and liquidity risk that investors face in modern markets. Ash and Hari draw on the fields of statistical physics and game theory to simplify and quantify the impact of very large agents on the distribution of forward returns, and offer techniques for dealing with situations where markets are structurally risky yet realized volatility is low.

You can access the transcript and intelligence report to this week's conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application.

If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following:

Write us a review on Apple Podcasts & Spotify

Subscribe to our mailing list at https://hiddenforces.io/newsletter/

Producer & Host: Demetri Kofinas

Editor & Engineer: Stylianos Nicolaou

Subscribe & Support the Podcast at https://hiddenforces.io

Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod

Follow Demetri on Twitter at @Kofinas

Episode Recorded on 03/14/2022

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(503)

Wealth Preservation During a Fourth Turning | Russell Napier

Episode 415 is the third episode in the Hundred Year Pivot podcast series. In it, Demetri Kofinas and Grant Williams speak with some of the smartest and most plugged-in people they know to help them n...

8 Mai 20251h 28min

How To Monetize Government Policy | Mark Spindel

In Episode 414 of Hidden Forces, Demetri Kofinas speaks with Mark Spindel about monetizing government policies and how an improved understanding of their effect on markets can enhance the value and p...

5 Mai 20251h

Trump's First 100 Days and What Comes After | Neil Howe

Episode 413 is the second episode in the Hundred Year Pivot podcast series. In it, Demetri Kofinas and Grant Williams speak with some of the smartest and most plugged-in people they know to help them ...

1 Mai 20251h 42min

Will the U.S. Dollar Survive the Breakdown of the International System? | Paul Blustein

In Episode 412 of Hidden Forces, Demetri Kofinas speaks with financial journalist and economic historian, Paul Blustein about the U.S. Dollar's historical resiliency in the face of international shoc...

28 Apr 202544min

The Economic Fallout from Trump's China Tariffs | Shehzad Qazi

In Episode 411 of Hidden Forces, Demetri Kofinas speaks with Shehzad Qazi of China Beige Book about the impact Trump's China tariffs are having on the U.S. and Chinese economies and prospects for a g...

21 Apr 202542min

Capital Wars and the Death of Fiscal Illusions | Paulo Macro & Le Shrub

In Episode 410 of Hidden Forces, Demetri Kofinas speaks with investors Paulo Macro and Le Shrub about the consequences of a breakdown in the international capital and trading system—and what this mea...

17 Apr 202548min

The Hundred Year Pivot | A New Podcast Series by Demetri Kofinas and Grant Williams

Demetri Kofinas and Grant Williams have teamed up to launch "The One Hundred Year Pivot," a new podcast series that explores the once-in-a-century economic, political, and geopolitical reordering curr...

14 Apr 202539min

Are We About to Enter the First White-Collar Recession? | James van Geelen

In Episode 408 of Hidden Forces, Demetri Kofinas speaks with James van Geelen, the founder of Citrini Research, which specializes in illuminating and demystifying the transformative "megatrends" pois...

7 Apr 202554min