This Is What Happens to Silicon Valley in a Downturn
The US economy may not be in a recession, but Silicon Valley, which had a mega-boom throughout the 2010s, is in a downturn. Tech stocks have tanked and almost every day there are new reports about ind...
28 Nov 202242min
Jim Chanos on Crypto, Tech and the Golden Age of Fraud
Earlier this year we talked to the legendary short seller Jim Chanos, during which he warned of more pain ahead for speculative areas of tech. That call proved to be prescient by a number of measures....
23 Nov 202232min
Truckers Are Working Countless Hours That They're Not Getting Paid For
For years we've been hearing about a persistent shortage of truck drivers. But what if we're thinking about it wrong? What if the issue is that the shipping industry systematically mistreats or underv...
21 Nov 202243min
Matt Levine on the Collapse of FTX and Alameda
It was on an episode of the Odd Lots podcast in April 2022 that Sam Bankman-Fried infamously characterized yield farming as a "box," in a metaphor that made the practice sound a lot like a ponzi schem...
18 Nov 202233min
Understanding the Collapse of Sam Bankman-Fried's Crypto Empire
The collapse of the Sam Bankman-Fried empire is gigantic, sprawling and fast moving. While details are still coming out, it already ranks among the most prominent corporate disasters of all time and h...
17 Nov 202251min
Guyana Is the Most Exciting Story in the World Oil Market
We talk a lot about the US shale boom. And we talk a lot about OPEC. But one of the most exciting stories in the global oil industry is the incredible rise of Guyana, which has seen a massive amount o...
14 Nov 202240min
Isabella Weber On Germany's Plan to Cap the Price of Gas
The surge in gas costs in Europe threatens to impose massive pain on households and cripple energy-intensive heavy industry. So there has been a lot of urgency on the part of governments to figure out...
10 Nov 202245min
Josh Younger on the Origin Story of the Shadow Banking System
There are a bunch of historical analogies that people like to reach for in order to describe some of the economic trends we're seeing today. There's obviously the period of high inflation in the 1970s...
7 Nov 202245min
