FT News Briefing ‘Spec-tech is getting wrecked’
Jan 7, 2022
The podcast dives into the controversy surrounding the Federal Reserve's undisclosed trading activities by a senior official during the pandemic. It also covers the massive protests in Kazakhstan sparked by rising fuel costs and the challenges of autocratic governance. The discussion highlights the implications for global oil markets and Russia's role in regional stability. In the financial realm, listeners learn about market reactions to the Fed's hawkish signals and the turbulent state of bond and equity markets as interest rates rise.
AI Snips
Chapters
Transcript
Episode notes
Fed Trading Scandal
- Fed Vice Chair Richard Clarida amended disclosures about his trading activity during the pandemic.
- This follows resignations of two regional Fed presidents over similar issues last year.
Kazakhstan Protests and Russian Intervention
- Protests in Kazakhstan, sparked by fuel prices, reflect deeper frustration with the longtime autocratic leader.
- Russia's intervention reflects its interest in Kazakhstan's stability due to shared borders, economic ties, and military sites.
Market Volatility in 2022
- The 2022 market will be rough and volatile due to the Fed pulling back support.
- Speculative tech stocks are particularly vulnerable to rising interest rates.