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Bloomberg Surveillance comes to the Odd Lots podcast!  Listen for a special edition of Bloomberg Surveillance from the Federal Reserve's annual symposium in Jackson Hole, Wyoming. 

Hear more from Bloomberg Surveillance on Apple or Spotify.

Guests in this episode:
Mohamed El-Erian, President of Queens' College
Tracy Alloway, Co-Host of Odd Lots
Patrick Harker, President of the Federal Reserve Bank of Philadelphia
Kristalina Georgieva, Managing Director of the International Monetary Fund

<a href="https://omny.fm/shows/bloomberg-surveillance">Bloomberg Surveillance</a> comes to the Odd Lots podcast!  Listen for a special edition of Bloomberg Surveillance from the Federal Reserve's annual symposium in Jackson Hole, Wyoming.  Hear more from Bloomberg Surveillance on <a href="https://podcasts.apple.com/us/podcast/bloomberg-surveillance/id296237493">Apple </a>or <a href="https://open.spotify.com/show/7DozB6gTL0hnP97u8GIqYd">Spotify</a>. Guests in this episode: Mohamed El-Erian, President of Queens' College Tracy Alloway, Co-Host of Odd Lots Patrick Harker, President of the Federal Reserve Bank of Philadelphia Kristalina Georgieva, Managing Director of the International Monetary Fund

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

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

Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation 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, Thursday, and Friday.

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

BONUS EPISODE:  Bloomberg Surveillance in Jackson Hole

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e16a8bc1-553b-4117-9185-b069010788a0/transcript

Hardly anyone nowadays seems to carry much cash, never mind carrying around a bunch of $100 bills. So why does the amount of physical cash in circulation — especially big denominations like the $100 bill — keep increasing? There's a pretty obvious answer. All those dollars are being laundered and used by criminal enterprises. In this episode, we speak with journalist Oliver Bullough, author of Everybody Loves Our Dollars: How Money Laundering Won, about this cash paradox. We discuss how cartels balance their books by trading drugs for farm equipment, the gigantic parallel financial system that undergirds global money laundering networks, and why money laundering resembles Renaissance-era banking.

Hardly anyone nowadays seems to carry much cash, never mind carrying around a bunch of $100 bills. So why does the amount of physical cash in circulation &mdash; especially big denominations like the $100 bill &mdash; keep increasing? There's a pretty obvious answer. All those dollars are being laundered and used by criminal enterprises. In this episode, we speak with journalist Oliver Bullough, author of Everybody Loves Our Dollars: How Money Laundering Won, about this cash paradox. We discuss how cartels balance their books by trading drugs for farm equipment, the gigantic parallel financial system that undergirds global money laundering networks, and why money laundering resembles Renaissance-era banking.

Why Money Launderers Love $100 Bills

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/bbee8dff-1ad3-4ccd-b707-b4bb00f7df11/transcript

Our guest today is Colonel Sanders. More precisely, we speak with Wayne Sanders, a retired US army colonel who is currently senior defense research analyst for Bloomberg Intelligence. During his military career, Sanders specialized in cybersecurity and weapon systems research and his work for BI has recently focused on directed energy weapon systems — better known as lasers. Just a few decades ago, programs like Star Wars, the Reagan-era missile defense system, seemed like a pipedream; today lasers can shoot down missiles and much more. Sanders tells us about the physics problems researchers had to solve to make laser weapons a reality, why we still don't have laser guns, what makes a weapons system "exquisite," the economic costs that factor into battlefield decisions, and the unique supply chain constraints that affect laser development.

Read more:
Weary US Sailors Lay Bare War’s Strain During Thailand Shore Leave
German Navy Tests Ballistic Missile for the First Time at Sea

Only http://Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at  bloomberg.com/subscriptions/oddlots

Subscribe to the Odd Lots Newsletter
Join the conversation:discord.gg/oddlots

Our guest today is Colonel Sanders. More precisely, we speak with Wayne Sanders, a retired US army colonel who is currently senior defense research analyst for Bloomberg Intelligence. During his military career, Sanders specialized in cybersecurity and weapon systems research and his work for BI has recently focused on directed energy weapon systems &mdash; better known as lasers. Just a few decades ago, programs like Star Wars, the Reagan-era missile defense system, seemed like a pipedream; today lasers can shoot down missiles and much more. Sanders tells us about the physics problems researchers had to solve to make laser weapons a reality, why we still don't have laser guns, what makes a weapons system "exquisite," the economic costs that factor into battlefield decisions, and the unique supply chain constraints that affect laser development.
Read more: <a href="https://www.bloomberg.com/news/features/2026-09-03/uss-abraham-lincoln-sailors-in-pattaya-tell-of-strain-after-months-at-sea?utm_medium=referral&amp;utm_source=podcast&amp;utm_campaign=odd_lots&amp;utm_content=article" data-prosemirror-content-type="mark" data-prosemirror-mark-name="link">Weary US Sailors Lay Bare War&rsquo;s Strain During Thailand Shore Leave</a> <a href="https://www.bloomberg.com/news/articles/2026-09-02/german-navy-tests-ballistic-missile-for-the-first-time-at-sea?utm_medium=referral&amp;utm_source=podcast&amp;utm_campaign=odd_lots&amp;utm_content=article" data-prosemirror-content-type="mark" data-prosemirror-mark-name="link">German Navy Tests Ballistic Missile for the First Time at Sea</a>
Only <a href="http://Bloomberg.com" data-inline-card="" data-card-data="">http://Bloomberg.com</a> subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at&nbsp; <a href="https://www.bloomberg.com/subscriptions/oddlots?in_source=oddlotspodcast" data-prosemirror-content-type="mark" data-prosemirror-mark-name="link">bloomberg.com/subscriptions/oddlots</a>
<a href="http://bloomberg.com/subscriptions/oddlots" data-prosemirror-content-type="mark" data-prosemirror-mark-name="link">Subscribe to the Odd Lots Newsletter</a> Join the conversation: <a href="https://discord.gg/oddlots" data-prosemirror-content-type="mark" data-prosemirror-mark-name="link">discord.gg/oddlots</a>

Why Laser Beams Are the Hottest New Tech in Defense

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7d156235-f387-442d-92d2-b4ba0105ac94/transcript

Global bond yields are at their highest level since 2008, with the 30-year US Treasury touching 5% just before Treasury Secretary Scott Bessent announced a surprise increase of his department's bond buyback program and Fed Chairman Kevin Warsh made his hawkish speech at Jackson Hole. So what's driving yields higher? And what options do policymakers have to bring them down? In this episode we speak with Stanford Professor Darrell Duffie, who's been researching bonds for years, including presenting a paper at Jackson Hole in 2023 about how to fix the US Treasury market. A lot has changed since then, and at this year's Jackson Hole symposium, we caught up with Duffie to talk about everything going on in the bond market, as well as the challenge of shrinking the Fed's balance sheet. 

Get tickets to see Odd Lots live in LA!

Global bond yields are at their highest level since 2008, with the 30-year US Treasury touching 5% just before Treasury Secretary Scott Bessent announced a surprise increase of his department's bond buyback program and Fed Chairman Kevin Warsh made his hawkish speech at Jackson Hole. So what's driving yields higher? And what options do policymakers have to bring them down? In this episode we speak with Stanford Professor Darrell Duffie, who's been researching bonds for years, including presenting a paper at Jackson Hole in 2023 about how to fix the US Treasury market. A lot has changed since then, and at this year's Jackson Hole symposium, we caught up with Duffie to talk about everything going on in the bond market, as well as the challenge of shrinking the Fed's balance sheet.&nbsp;
Get tickets to see&nbsp;<a href="https://events.bloombergevents.com/event/ODDLOTSLA/summary">Odd Lots live</a> in LA!

What's Behind the Big Surge in US Government Bond Yields

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/52b31e33-08b2-4ea7-a5d0-b4b9014b34d9/transcript

BONUS EPISODE: Bloomberg Surveillance in Jackson Hole

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