
Monetary Matters with Jack Farley
Jack Farley interviews the very best financial minds about macro, markets, and monetary matters. Follow Jack on Twitter @JackFarley96.
Latest episodes

9 snips
Feb 3, 2025 • 1h 27min
2025 = Biggest Bank M&A Year In History? Bank Zhar Brad Rinschler on Credit, CRE, GBank, REIT Pain, and Much Much More
Brad Rinschler, managing partner at Down Range Capital, specializes in bank stocks and shares insightful market trends. He discusses his bearish stance on the five banks that failed in 2023 and highlights the promise of small and community banks in 2025. Rinschler dives deep into G-Bank's transformation and emphasizes the potential for a historic year in bank mergers and acquisitions. The conversation also touches on the resilience of community banks amid rising interest rates and the challenges of commercial real estate lending.

88 snips
Jan 31, 2025 • 51min
Joseph Wang: Tariffs Are Coming & They Will Be Bad For Stocks (But Good for America)
Joseph Wang, author of "Central Banking 101" and former senior trader at the New York Federal Reserve, shares insights into the economic impacts of impending tariffs. He discusses how financial markets are underestimating the consequences, particularly for key companies like Apple and Nvidia. Wang expresses a bearish outlook on stocks while being bullish on bonds and gold. He also critiques traditional economic models in light of these changes and analyzes the complexities of U.S. monetary policy, especially regarding potential shifts in the Federal Reserve's stance.

10 snips
Jan 30, 2025 • 57min
Russell Clark on Inverting the Long Short Hedge Fund Model and Battling Investors' Biggest Risks
Russell Clark, a former hedge fund manager and short-seller known for his innovative investing strategies, discusses critical risks investors face today and his unique approach to hedge funds. He highlights the inefficiencies in traditional long-short models and reflects on his potential relaunch after returning capital. Clark also delves into short selling dynamics, the impact of IPOs on market sentiment, and the economic pressures shaping investment strategies. His insights reveal a landscape where adaptability and reputation are key in maintaining investor relationships.

6 snips
Jan 29, 2025 • 33min
January Fed Meeting Breakdown | Jack Farley & Max Wiethe on Powell, Banks, and China's AI Race
Jerome Powell's recent remarks on interest rates spark discussions on market reactions. Key upcoming economic indicators like PCE and Nonfarm Payroll reports could influence Fed policy amid recession fears. The impact of AI advancements and U.S.-China trade dynamics could reshape markets. Political influences on monetary policy reveal complexities during the Trump era, including stagflation and immigration effects. Finally, commercial real estate lending offers a surprising positive outlook for some banks despite recent challenges.

14 snips
Jan 28, 2025 • 1h 7min
Tariffs Could Blow Up the Bond Market | Mark Zandi on the Biggest Risk to the Economy
Mark Zandi, Chief Economist for Moody’s Analytics, shares keen insights on the US economy. He highlights how broad-based tariffs could drive up bond yields, posing a significant risk to economic stability. Zandi discusses the elevated recession risk, driven by policy uncertainty, and delves into the roles of Fannie Mae and Freddie Mac, cautioning that exiting conservatorship could hurt the mortgage market. He also provides a nuanced view of inflation dynamics, emphasizing the complex interplay of labor supply and consumer debt.

23 snips
Jan 26, 2025 • 2h 35min
How Micro Informs The Macro | David Steinberg on Scott Bessent, Pet Investing, Semiconductors, Music Publishing, and Peter Lake
David Steinberg, founder of Marlowe Partners, shares insights from his time with Soros and his focus on concentrated investing. He dives into the booming pet industry, discussing pet humanization and the investment appeal of companies like Zoetis and Fresh Pet. The conversation also explores the challenging yet promising semiconductor sector, emphasizing technological advancements and player dynamics. Additionally, Steinberg sheds light on the evolving music industry, the impact of digital marketing, and the enduring value of music royalties.

59 snips
Jan 22, 2025 • 1h 24min
Why Chinese Bond Yields Have Collapsed | Louis Vincent Gave’s Bull Case For Chinese Stocks and Chinese Property Bonds
Louis Vincent Gave, the Founding Partner and CEO at Gavekal, offers a compelling dive into China's economic landscape. He discusses the surprising resilience of Chinese bond yields amid a shaky stock market and the complexities of financing for entrepreneurs. Gave explores the booming electric vehicle sector, contrasts investment versus consumption dynamics, and evaluates the shifting U.S.-China relations. He also addresses the landscape of Chinese venture capital and the implications for future investments, painting a nuanced picture of China's economic potential.

36 snips
Jan 21, 2025 • 49min
Trading Skill Isn’t Enough to Run a Hedge Fund | Benn Eifert of QVR Advisors
Benn Eifert, Managing Partner of QVR Advisors, shares his journey of building a $2 billion hedge fund. He emphasizes that trading skill alone isn't enough; success also hinges on interpersonal communication, operational management, and marketing. Eifert discusses the rise of pod shops in the hedge fund space and the importance of authenticity in social media. He highlights diverse interests that foster relationships and the complexity of options trading, cautioning against the democratization of investment strategies while navigating their inherent risks.

20 snips
Jan 19, 2025 • 1h 20min
Will the Risk On Party Continue? | Chris Carrano on The Quantitative Factors Driving Markets
Chris Carrano, VP of Strategic Research at Venn by Two Sigma, dives into the world of quantitative market analysis. He discusses how investors can better understand market dynamics through style factors, breaking down key events like the post-Trump Rally and December's market wobble. Carrano highlights the surprising underperformance of small-cap stocks compared to larger equities in 2024, and uncovers how momentum, especially influenced by tech companies, remains a driving force even amidst rising interest rates.

73 snips
Jan 15, 2025 • 1h 19min
Luke Gromen: Foreigners To Dump Bonds If U.S. Dollar Continues To Strengthen
Luke Gromen, Founder and President of Forest for the Trees, dives into the turbulent world of finance. He discusses how rising U.S. interest rates are impacting the Treasury market and the strong U.S. dollar's effects on global growth. Gromen highlights the challenges faced by the Federal Reserve in managing these dynamics and explores the risks of foreign divestment from long-term treasuries. With a deep analysis of debt servicing and the implications for fiscal health, he offers crucial insights into an evolving economic landscape.