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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI190: Central Banking 101 w/ Joseph Wang

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Business, Investing

4.6593 Ratings

🗓️ 5 July 2022

⏱️ 56 minutes

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN: 02:08 - What the Federal Reserve is, the role it plays in the overall economy, and what their dual mandate is. 12:07 - What quantitative easing is and how it affects the prices of assets. 31:35 - Whether liquidation events are a buying opportunity or not for long-term investors. 33:33 - What the repo market is, and why you should care about it. 40:31 - How the stock market affects the Federal Reserve’s decisions. 43:32 - What CBDC’s are and what role they might play in the future.  47:54 - Joseph’s thoughts on what a global macro restructuring might look like. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Check out Joseph’s book. Related episode: Ray Dalio's Long-Term Debt Cycle w/ Clay Finck - MI186. Related episode: Building a Balanced Portfolio w/ Dan Rasmussen - MI161. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Read this episode’s transcript and full show notes on our website. Connect with Joseph: Website | Twitter    Connect with Clay: Twitter HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!  Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0

You're listening to TIP.

0:03.0

It's the way that I look at this in investing, I think it's, we're coming into a world where

0:08.0

most of investing is driven by public policy, specifically the Fed.

0:13.0

I think the best times to buy would have been when the Fed steps in because that's when

0:17.2

things reverse.

0:18.6

And I think that actually was the exact bottom of the recent

0:22.2

within the March 2020 madness, right?

0:27.9

On today's episode, I'm joined by Joseph Wang. Joseph is a former senior trader on the Fed's

0:34.3

trading desk where he conducted open market operations and studied the global

0:38.6

dollar system. With this experience, there is no better resource than Joseph when it comes to learning

0:44.2

about the Federal Reserve. He's also the author of the book Central Banking 101, which is a great

0:49.5

read for those wanting to learn even more about the Fed. During this episode, Joseph and I cover what the

0:55.0

Federal Reserve is, the role it plays in the overall economy, what their dual mandate is,

1:00.1

the actions the Federal Reserve took in March 2020 when they nearly doubled their balance sheet,

1:05.8

whether liquidation events are a buying opportunity or not for long-term investors, how the stock market

1:12.2

affects the Federal Reserve's decisions, Joseph's thoughts on what a global macro restructuring

1:18.1

might look like, his thoughts on CBDCs and if they are coming in the U.S. and so much more.

1:24.4

I'm so grateful that Joseph took the time to join me on the show today, and I know

1:28.1

you're going to learn so much from this conversation. With that, here's today's discussion

1:32.7

on the Federal Reserve and Central Banking with Joseph Wang. You're listening to Millennial

1:38.6

Investing by the Investors Podcast Network, where your hosts, Robert Leonard and Clay Fink, interview successful entrepreneurs,

1:46.2

business leaders, and investors to help educate and inspire the millennial generation.

...

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