RiskReversal Pod RePocolypse Now Redux with The Wall Street Skinny
Aug 28, 2025
Kristin Kelly and Jen Saarbach, co-founders of The Wall Street Skinny, dive into the complexities of Wall Street dynamics. They discuss the Federal Reserve's independence and political influences on monetary policy, raising concerns about future market repercussions. The rise of SPACs is also on the table, offering insights into their speculative nature and challenges for retail investors. Finally, they touch on the potential for a financial crisis linked to monetary strategies and the evolving role of generative AI in the market.
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How The Wall Street Skinny Began
- Kristin and Jen started The Wall Street Skinny in 2023 to learn each other's Wall Street roles and teach newcomers about the industry.
- The project began selfishly but grew into a broader market-education platform for many audiences.
Fed Credibility Is Broader Than Rate Decisions
- Undermining Fed independence risks credibility across all monetary policy tools, not just the federal funds rate.
- Jen warns that attacking Fed appointees can have far-reaching market and institutional consequences.
Political Pressure Can Raise Long-Term Rates
- Many market participants don't intuitively understand how Fed decisions flow through to long-term rates and mortgages.
- Kristin notes politicizing the Fed can actually raise long-term rates by shaking confidence.
