The Fed's Folly: From Moral Hazard to Business as Usual, Feat. Jesse Felder

Today on The Brief:

• An unexpectedly good retail sales report drives market confidence 
• Are we in for a second wave of white-collar layoffs? 
• The latest rumblings in central bank digital currencies

Our main conversation:

Jesse Felder is an independent financial analyst and one of the best financial curators on Twitter. 

In this wide ranging conversation, he and NLW discuss:

• The Robinhood rally and what makes it both alike and different from previous manias 
• The illusion of American recovery and the disconnect between markets and fundamentals 
• The Federal Reserve’s role in increasing economic inequality 
• Why the dollar is significantly overvalued relative to other currencies 
• Why financial assets could be poised for a rough decade 

Find our guest online:

• Twitter: @jessefelder
• Website: The Felder Report