Introduction

On today's Upstream, Erik interviews Itay Vinik to get an overview of the markets and current macro environment, learn frameworks for adjusting an investing strategy based on rising or falling interest rates, and debunk common investment myths. They cover the Federal Reserve's role in a globalized economy, discuss the strategies that stabilize markets, and evaluate different asset classes during economic shifts. Upstream is sponsored by Shopify: https://shopify.com/torenberg for a $1/month trial period.

Itay Vinik is the Co-Founder & Chief Investment Officer at Equi (https://www.equi.com/), an alternative investment platform that brings investment strategies to accredited investors.

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We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.

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X / TWITTER:

@vinikitay

@eriktorenberg

@upstream__pod

@turpentinemedia

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TIMESTAMPS:

(00:00) Intro

(04:57) Understanding Alternative Investments

(12:21) The Impact of Interest Rates on Investments

(14:00) Sponsors: Shopify

(17:59) Understanding the Role of the Fed

(23:52) Investing Strategies for Different Economic Conditions

(33:52) Debunking the Inverse Correlation of Stocks and Bonds

(35:44) Stock Market vs. Real Economy

(42:24) Predicting a Potential Recession

(42:34) The Fed's Track Record and the Possibility of a Rate Hike

(44:03) The Consequences of Increasing Rates

(44:50) Understanding Quantitative Easing and Tightening

(47:10) The Role of the Fed in Money Creation

(01:10:19) The Impact of Globalization on the Fed's Decisions

(01:13:22) Understanding China's Currency Manipulation

(01:14:37) The Debate on Passive vs Active Investing

(01:20:09) The Power of Real Estate in Wealth Creation

This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at erik@turpentine.co.