AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
On The Tape
The Thrill is Gone and a Conversation with Ed Yardeni
Sep 29, 2023
Guest Ed Yardeni, a top Wall Street strategist/economist, discusses rising rates, the China threat, Q3 earnings, meme stocks, and his market outlook. The hosts also cover the energy market, CarMax, and NFL picks. Later, Ed Yardeni talks about the Fed creating chaos in the bond market, the rolling recession, the yield curve, and his offering for retail investors.
01:06:54
Episode guests
AI Summary
Highlights
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Experimental monetary policies have disrupted the natural functioning of the market and have led to a lack of stability and trust in the system.
- The Federal Reserve's flawed macroeconomic assumptions have resulted in policy decisions that don't align with the reality experienced by everyday Americans.
Deep dives
Fed policy and the bond market
The bond market has experienced significant moves in recent weeks, with interest rates going from around 0.5% during the pandemic to 4.6% currently. This rapid normalization is happening at an unprecedented speed. From 2008 to 2020, interest rates were near zero, and central banks engaged in quantitative easing to stimulate the economy. However, central banks were frustrated that they couldn't achieve their desired inflation rate of 2%. This frustration arises from the fact that the Federal Reserve, once led by practical individuals, is now influenced by macroeconomists who experiment with theories and ideas without considering the practical consequences.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode