Know Your Risk Podcast Football and The Fed
Dec 15, 2025
Zach and Chase dive into the chaotic state of the market as they analyze puzzling index movements and discuss the intricacies of interest rates. Their conversation takes a detour into football, critiquing the Chiefs' late-season struggles and evaluating quarterbacks' performances. Shifting back to economics, they emphasize the necessity for public investment in R&D and manufacturing to bolster competitiveness. The dialogue concludes with a focus on education and long-term strategies for regaining the U.S.'s global edge.
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A Perplexing Day In Markets
- Chase summarized market moves showing a mixed, random day with different sectors diverging.
- He noted indices were near flat but metals and industrials were running, signaling sector rotation.
Politics Shapes Monetary Policy Options
- The Fed faces a political constraint that makes purely data-driven policy impossible in practice.
- Zach argues inflationary easing is the politically feasible route even if it risks long-term costs.
Inflate While Investing In Productivity
- They recommend inflating the economy while covertly managing investor confidence to avoid capital flight.
- Chase and Zach say the only realistic path is spending on productive investments rather than pure transfers.
