4.8 • 670 Ratings
🗓️ 25 May 2022
⏱️ 71 minutes
🧾️ Download transcript
Joseph Wang, former senior FED trader & known as the “Fed Guy”, joins us to discuss the credibility of the FOMC and what drives the neutral rate, Central Bank policies and the consequences of increased divergence, monetary policies and reducing liquidity to address the problems of inflation, de-globalization and how labour is no longer connected to corporate wellness, how the FED and other Central Banks have focused on the wrong things for the last few decades, exorbitant privilege and whether the FED is starting to lose control, safe assets and ways to preserve capital, cryptocurrencies, strength of the Dollar and much more.
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Episode TimeStamps:
00:00 - Intro
03:13 - Joseph’s background
06:34 - Shocking FED Announcement
10:52 - Central Bank policies
14:11 - Monetary policies and liquidity
30:40 - Fed paper suggesting they don't know where Inflation comes from
40:03 - The wider consequences
45:45 - FED losing control?
53:55 - Safe assets and crypto
01:05:01 - What keeps Joseph up at night?
01:09:52 - Thanks for listening
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0:00.0 | We are moving into a world that's becoming increasingly fractured, not just internationally, but also domestically as well. |
0:13.0 | And this is especially true in the US. |
0:16.0 | So we are entering the world where people kind of don't really share or agree on basic values, basic tenants. |
0:22.6 | And that's internationally, for example, you see, you know, it's very important for Russia to have Ukraine to few safe, |
0:29.6 | and, you know, it's probably very important for China to have Taiwan if you're unified as well. |
0:34.6 | And internally in the US, you have very much contentious issues. You know, polarization is extreme. |
0:41.3 | And that actually opens the door to tremendous amounts of social disorder. So you have a system that's |
0:48.8 | kind of breaking, but it's not getting enough information to fix itself. So that further cements its role of fracturization. |
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1:09.7 | Welcome to Top Traders Unplugged, the place where you can learn from the |
1:13.7 | best hedge fund managers in the world so you can take your manager, due diligence, or investment |
1:18.5 | career to the next level. Before we begin today's conversation, remember to keep two things in |
1:23.7 | mind. All the discussion we'll have about investment performance is about the past, |
1:28.2 | and past performance does not guarantee or even infer anything about future performance. Also |
1:33.4 | understand that there's a significant risk of financial loss with all investment strategies, |
1:37.8 | and you need to request and understand the specific risks from the investment manager about |
1:42.3 | their product before you make investment decisions. |
1:45.3 | Here's your host, veteran hedge fund manager, Niels Kostrup Larson. |
1:54.4 | A new world order is emerging, and in our global macro series, I, along with my co-host, |
1:59.7 | Jim Kazan, want to dig deep into the |
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