John Hempton on Greensill, Archegos and What It's Like To Short Right Now
Odd Lots
00:00
Financial Scandals and Trade Finance Challenges
This chapter examines recent financial scandals, such as Archegos and Greensill, amid a booming stock market, exploring the disconnect between market optimism and underlying risks. The hosts discuss trade finance's historical evolution and contemporary challenges, especially relating to metal recycling and credit assessments. They highlight reckless lending practices by financial institutions and the implications of high-risk growth strategies, drawing alarming parallels to Ponzi schemes.
Transcript
Play full episode
