Japan’s new direction
The Japanese stock market is on a tear, up 20% this year. Some of that may be due to a weakening yen, and maybe a flight to safety, but it is likely largely the result of a serious effort to rethink h...
17 Okt 202316min
Public problems for private equity
For years, low interest rates let private equity deliver huge returns to investors. But now rates are up, and private equity is struggling. Many PE firms are turning to financial engineering to boost ...
12 Okt 202316min
Three markets we’re watching
Conflict in the Middle East is dominating the news this week. Today on the show, we’re looking at three markets that traditionally respond to disruption: oil, the yen and gold. Also, we go long traini...
10 Okt 202317min
The Biden scorecard
We don’t really do politics, but with election season underway, candidates are arguing about the American economy. Incumbents say it’s terrific. Challengers say it’s awful. Which is it? Today on the s...
5 Okt 202318min
The increasingly odd bond market
The 10- and 30- year Treasury yields just hit their highest levels since 2007, sending prices down. And at the same time, equities moved in the same direction. That’s not supposed to happen. Today on ...
3 Okt 202318min
How high, and for how long?
The markets tried denying that the Federal Reserve really would keep rates “higher for longer”. But in the past week, equities and debt finally seemed to accept that high interest rates are here to st...
28 Sep 202316min
The strong US dollar gets stronger
The US dollar has been on a tear, just reaching a six-month high. It might be a sign investors and traders are getting used to the idea that US interest rates will be “higher for longer.” Today on the...
26 Sep 202313min
Well, actually: Our ‘Dumb Money’ movie review
Dumb Money, out this week, stars Seth Rogen, America Ferrera and several very tricky finance moves. We liked Seth and America, but we definitely have questions about the portrayal of clearing houses, ...
21 Sep 202321min
