Politics keep intruding on markets, whether President Trump’s apparent support for Turkey’s involvement in Syria, his impeachment, the escalating violence in HK, or of course Brexit. This week’s podcast list, therefore, leans more towards politics.
We have JP Morgan’s Michael Cembalest discussing Trump’s re-election prospects and, importantly, Elizabeth Warren’s rise to prominence. Our second pick looks at how China is expanding its military bases abroad through military partnerships. This allows them to expand quicker, incurring lower costs but still exerting influence and control. Our third pick has Cambridge Prof. David Runciman discuss the UK’s struggles with Brexit in light of David Cameron’s memoir publication. It’s well worth a listen for context to the current political mess the UK finds itself in.
Returning to markets and the economy, we have a great discussion on business cycles with Oaktree co-founder Howard Marks. He’s not a fan of central bank activism especially during recessions. Finally, we feature another monetary policy pessimist, this time the Cato Institute’s George Selgin who critiques the Fed for paying interest on reserves, which was partly behind the recent disruptions in US repo markets.
Enjoy!
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