The result of the U.K.'s Brexit referendum blindsided many and led to acrimonious accusations by supporters on either side of the vote. In the U.S., the rapid rise of Donald Trump and Bernie Sanders as presidential candidates has similarly surprised. Those able to properly gauge the public mood have made money, while those without their fingers on the pulse have lost it. This week we speak to Sean Blanda, editor in chief of 99U and the author of a recent article on why "The Other Side Is Not Dumb." We discuss the balkanization of world opinion, why the proliferation of social media ends up dividing us instead of bringing us together, and how best to break out out of one's own ideological bubble.

The result of the U.K.'s Brexit referendum blindsided many and led to acrimonious accusations by supporters on either side of the vote. In the U.S., the rapid rise of Donald Trump and Bernie Sanders as presidential candidates has similarly surprised. Those able to properly gauge the public mood have made money, while those without their fingers on the pulse have lost it. This week we speak to Sean Blanda, editor in chief of 99U and the author of a recent article on why "The Other Side Is Not Dumb." We discuss the balkanization of world opinion, why the proliferation of social media ends up dividing us instead of bringing us together, and how best to break out out of one's own ideological bubble.

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Tuesday and Thursday for interviews with the most interesting minds in finance, economics and markets.

Odd Lots

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday and Thursday. 

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday and Thursday.

37: Why We Are Increasingly Divided Into Ideological Bubbles

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/363280f8-941b-428d-bf51-ae27005faecb/transcript

Pierre Andurand made his name trading oil and other energy-related assets, but wild swings in the price of cocoa have recently lured the founder of Andurand Capital Management into a new market. He bet on cocoa earlier this year and saw the trade pay off as the price of the beans surged to a record $12,000 a ton. Prices have since fallen back to around $7,800, but Andurand sees scope for further upside as extreme deficits in the building blocks of chocolate loom. In this episode, we talk about how he entered the cocoa market, how he formed his investment thesis, and potential interest in other soft commodities, like coffee and orange juice. We also talk about copper, where a similar story of structural shortages is now playing out in prices.

Pierre Andurand made his name trading oil and other energy-related assets, but wild swings in the price of cocoa have recently lured the founder of Andurand Capital Management into a new market. He bet on cocoa earlier this year and saw the trade pay off as the price of the beans surged to a record $12,000 a ton. Prices have since fallen back to around $7,800, but Andurand sees scope for further upside as extreme deficits in the building blocks of chocolate loom. In this episode, we talk about how he entered the cocoa market, how he formed his investment thesis, and potential interest in other soft commodities, like coffee and orange juice. We also talk about copper, where a similar story of structural shortages is now playing out in prices.

Pierre Andurand Says the World Could Run Out of Cocoa Inventories

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/17e645ea-2238-4648-8351-b171012e066e/transcript

This week, we'll get fresh inflation data in the US, which will inevitably feed into the Federal Reserve's future decisions to raise, hold or lower benchmark interest rates. Meanwhile, the Biden administration is preparing to announce new tariffs aimed at curbing Chinese imports in key industries, including electric vehicles, batteries and solar cells. On this episode, we speak to Odd Lots favorite Viktor Shvets. The Macquarie strategist has a way of threading the needle between major global events and reaching back into history to provide context for our current macroeconomic moment. He describes the US central bank as a prisoner of its own policies, namely data dependency and the "dot plot." Meanwhile, China faces "massive" overcapacity problems as more and more countries put up barriers to its exports. We also talk about generational shifts and what they mean for investment.

This week, we'll get fresh inflation data in the US, which will inevitably feed into the Federal Reserve's future decisions to raise, hold or lower benchmark interest rates. Meanwhile, the Biden administration is preparing to announce new tariffs aimed at curbing Chinese imports in key industries, including electric vehicles, batteries and solar cells. On this episode, we speak to Odd Lots favorite Viktor Shvets. The Macquarie strategist has a way of threading the needle between major global events and reaching back into history to provide context for our current macroeconomic moment. He describes the US central bank as a prisoner of its own policies, namely data dependency and the "dot plot." Meanwhile, China faces "massive" overcapacity problems as more and more countries put up barriers to its exports. We also talk about generational shifts and what they mean for investment.

Viktor Shvets on How the Fed Has Become a Prisoner of Its Own Making

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c627386b-0b37-47c7-aee1-b16c01457bb2/transcript

There's a lot going on in currency markets and global trade at the moment. The Japanese yen has been falling, even after authorities seemed to intervene to try to arrest the slide. Meanwhile, weakness in the Chinese yuan has helped boost that country's exports and is fueling talk of a new "China Shock" for the rest of the world, even as its economy continues to grapple with slower economic growth and excess capacity. In this episode of Lots More, we bring back Brad Setser, senior fellow at the Council on Foreign Relations, to walk us through these developments, along with his new paper, "Power and Financial Interdependence." We also talk about what China's excavator exports can tell us about its economy.

There's a lot going on in currency markets and global trade at the moment. The Japanese yen has been falling, even after authorities seemed to intervene to try to arrest the slide. Meanwhile, weakness in the Chinese yuan has helped boost that country's exports and is fueling talk of a new "China Shock" for the rest of the world, even as its economy continues to grapple with slower economic growth and excess capacity. In this episode of Lots More, we bring back Brad Setser, senior fellow at the Council on Foreign Relations, to walk us through these developments, along with his new paper, "<a href="https://www.ifri.org/en/publications/notes-de-lifri/power-and-financial-interdependence" data-destination="https://www.ifri.org/en/publications/notes-de-lifri/power-and-financial-interdependence">Power and Financial Interdependence</a>." We also talk about what China's excavator exports can tell us about its economy.

Lots More With Brad Setser on the Yen, a New China Shock and Excavators

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/139c2300-b0ae-4bed-8152-b16b01565377/transcript

37: Why We Are Increasingly Divided Into Ideological Bubbles

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