Odd Lots
Odd Lots
Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets.
Why Brooklyn Nets Star Spencer Dinwiddie Co-Founded a Crypto Startup
Over the last year, numerous celebrities and athletes have gotten into crypto in some way. For example, some have announced plans to put part of their salary into Bitcoin. But Brooklyn Nets star Spencer Dinwiddie has been in the space for a lot longer, having held Bitcoin for several years. And, in addition to owning Bitcoin and other coins, he's also the co-founder of a new company called Calaxy, which aims to let fans buy tokens associated with their favorite stars. On this episode, we speak with Spencer as well as his co-founder Solo Ceesay about the world of creator tokens, and how various technologies, including crypto, are changing the relationship between fans and celebs.
Jun 10
53 min
This Is How the U.S. Ran Out of Homes for Sale
Home demand is booming. By some measures, the market is even hotter than it was during the peak prior to the financial crisis. But there's one big problem: There just aren't many homes available to buy. Whether it's existing inventory or new home sales, there simply isn't enough to meet the demand, even with prices surging. On this episode of Odd Lots, we speak with housing economist Ali Wolf, the chief economist at the data and research firm Zonda, about how the boom happened; how America became so under-housed; and how constraints of land, labor and materials are making it brutal to build more of them.
Jun 7
55 min
Dan Ariely on How To Win Big by Betting on Human Capital
Dan Ariely is one of the most famous behavioral economists in the world. And in his latest act, he's attempted to apply his research to investing. His five-year-old firm Irrational Capital searches out companies that foster human capital: that companies which do a better job of nurturing their employees see stock market outperformance. In this episode, we talk about why human capital matters, how to measure it, and what kind of investment returns he's seen by betting on it.
Jun 3
47 min
Roshun Patel on What Really Happened During the Crypto Market Crash
The crypto market recently experienced one of its worst crashes ever, with numerous coins cut in half in a manner of days, seemingly without an obvious catalyst. So what really happened during the selloff? Who was behind it? And what role did crypto market structure play in the intensity of the decline? We speak with Roshun Patel, the VP of lending at the crypto prime brokerage Genesis, who explains all of this, plus much more.
May 31
1 hr 13 min
Data Centers, Crypto Miners, and Gamers Are All Battling for Semiconductors
These days, there's a shortage of chips everywhere you look. Some of it is related to idiosyncratic events specifically related to logistics. Some of it is related to production challenges relating to long, pre-existing trends. And other aspects are simply related to the fierce battle for chips among a range of players. On this episode, we speak with Brian Venturo, the CTO of CoreWeave, a cloud services provider about serving his clients, the role of crypto mining in tightening the chip market, and other players, like gamers, who are looking for more computing power.
May 27
55 min
Daniela Gabor on the Critical Case Against Private Sector ESG
Over the last few years, ESG has become a gigantic industry. Due to concerns over climate, the treatment of workers, and other public matters, there's been a huge influx of money into investments that take into account environmental, social, and governance considerations. But is there a dark side? On the latest episode of Odd Lots, we speak with Daniela Gabor, a professor of Economics and Macro-Finance at UWE Bristol on her criticism of the space, and the whole process of turning public issues into huge money-making opportunities for investors.
May 24
45 min
Aaron Lammer on Yield Farming and Trading in the World of DeFi
"Decentralized Finance," "Yield farming"... you've probably heard these terms before, but have very little idea about how they all work. On a recent episode, we spoke with one of the creators of the largest decentralized crypto exchange, UniSwap. But what's it like to trade this stuff? On this episode, we speak with Aaron Lammer — the host of the new podcast Exit Scam — who's recently been DeFi-pilled and now yield farms and trades on Uniswap and other blockchain-based exchanges. He explains to us how he got into it, how it all works, and how he spots money-making opportunities.
May 20
1 hr 8 min
How the World's Companies Wound Up in a Deepening Supply Chain Nightmare
By now, everybody knows that global supply chains are a mess. Not a day goes by where there isn't news of some shortage or bottleneck. Chips, shipping containers, lumber, you name it. So how did it happen and how does it get unwound? On the latest episode of Odd Lots, we speak with Ryan Petersen, the CEO of Flexport, which makes software to help companies manage their supply chains. He breaks down the situation in a granular way to explain what's really going on.
May 17
52 min
Jared Bernstein on Taxes, Spending, and Why President Biden Wants to 'Pay for It'
Jared Bernstein has been a longtime advisor to President Joe Biden. He was his advisor while Biden was Vice President, and today he serves on the Council of Economic Advisors. On the latest Odd Lots, he joins us to talk about the current state of the economy, inflation, and, more importantly, the White House's vision for taxing and spending. In particular, he explains President Biden's philosophy on taxes, and why he thinks that further spending plans should be matched with tax hikes rather than running up the deficit.
May 13
58 min
A Special Announcement From Joe and Tracy
Please check out this special announcement from Joe and Tracy, who have an update on a new Odd Lots initiative, involving a new blog, show transcripts, and more.
May 10
3 min
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