AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
Inflation Is Popping The Biggest Asset Bubble Of All Time | Michael Kao
Forward Guidance
Then I Had a Massive, Massive Short in Fanny May, Sub Paper as My Row Hedge for My Convert Portfolio
The week before leman brothers went bankrupt, hank palson put fanny may into conservatorship. He drew an arbitrary line between the prefts and that next rum - 15 billion of sub debt. Everything above the line gets a government guarantee. But then everything below the line basically collapsed down till i toothed two cents on the dollar.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode