Odd Lots has been exploring the history of the eurodollar market in a special three-part series hosted by Columbia Law School's Lev Menand and the New York Fed's Josh Younger. But why should we care about the origins of this market at all? How do eurodollars fit into the global financial system right now? And what role do they play in maintaining the dollar's reserve currency status? In this episode, we bring back Lev to give an update on the modern eurodollar market. We discuss why some policymakers have been sounding the alarm and whether stablecoins are the new eurodollars.

Odd Lots has been exploring the history of the eurodollar market in a special three-part series hosted by Columbia Law School's Lev Menand and the New York Fed's Josh Younger. But why should we care about the origins of this market at all? How do eurodollars fit into the global financial system right now? And what role do they play in maintaining the dollar's reserve currency status? In this episode, we bring back Lev to give an update on the modern eurodollar market. We discuss why <a href="https://www.bloomberg.com/news/articles/2024-10-22/gensler-sees-potential-peril-in-13-trillion-eurodollar-market?sref=frV97TwV" data-destination="https://www.bloomberg.com/news/articles/2024-10-22/gensler-sees-potential-peril-in-13-trillion-eurodollar-market?sref=frV97TwV">some policymakers</a> have been sounding the alarm and whether stablecoins are the new eurodollars.

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, 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.

Lots More with Lev Menand on the Eurodollar Market Now

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c1f577ac-980b-415b-96eb-b26800e4d68b/transcript

The start of the year has been an absolutely brutal one for software companies. There’s a big fear that the rise of AI and advanced coding models will pull the rug out from this industry. But even before these AI fears, software companies were seeing their growth slow. So how does the business actually work? And more importantly, what types of companies will actually survive the “SaaSpocalypse”? (Or maybe “the CaSaaStrophe”?) On this episode, we speak with Jared Sleeper, a longtime software investor who is now a partner at Avenir. We talk about the history of software, the evolution of business models, and where the threat is most acute. He also talks about why investors are so nervous, and their fears that in the long term many of these companies will be worth zero, while in the short term, they’re not even making much money on a GAAP basis.

Read more: Private Software Companies Release Earnings Early to Calm AI Nerves

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The start of the year has been an absolutely brutal one for software companies. There&rsquo;s a big fear that the rise of AI and advanced coding models will pull the rug out from this industry. But even before these AI fears, software companies were seeing their growth slow. So how does the business actually work? And more importantly, what types of companies will actually survive the &ldquo;SaaSpocalypse&rdquo;? (Or maybe &ldquo;the CaSaaStrophe&rdquo;?) On this episode, we speak with Jared Sleeper, a longtime software investor who is now a partner at Avenir. We talk about the history of software, the evolution of business models, and where the threat is most acute. He also talks about why investors are so nervous, and their fears that in the long term many of these companies will be worth zero, while in the short term, they&rsquo;re not even making much money on a GAAP basis. Read more: <a href="https://bit.ly/3MfMTMw">Private Software Companies Release Earnings Early to Calm AI Nerves</a> <a href="http://bloomberg.com/subscriptions/oddlots" data-link-cookie="1" data-destination="http://bloomberg.com/subscriptions/oddlots">Subscribe to the Odd Lots Newsletter</a> Join the conversation: <a href="https://discord.gg/oddlots" data-destination="https://discord.gg/oddlots">discord.gg/oddlots</a>

Jared Sleeper on Which Software Companies Will Survive the "SaaSpocalypse"

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/76d0c28e-da20-4879-bd66-b3f50183cbe0/transcript

For years, DRAM -- or Dynamic Random Access Memory -- was kind of a sleepy, commoditized aspect of chip industry. Growth was steady, but modest, and prices just generally drifted lower. Suddenly all that's changed. AI has created voracious demand for DRAM and consumer facing companies are being forced to either curtail supply or raise prices due to exploding costs. But what is it about AI that consumes so much memory, and when will the market rebalance itself? On this episode, we speak with Ray Wang, an analyst at SemiAnalysis, who recently co-authored a report titled, Memory Mania: How a Once-in-Four-Decades Shortage Is Fueling a Memory Boom. We discuss the implications of this memory boom, how producers are responding to surging prices, and whether or not the Chinese companies in the space can catch up to the Korean giants, such as Samsung and Hynix.

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Join the conversation: discord.gg/oddlots

For years, DRAM -- or Dynamic Random Access Memory -- was kind of a sleepy, commoditized aspect of chip industry. Growth was steady, but modest, and prices just generally drifted lower. Suddenly all that's changed. AI has created voracious demand for DRAM and consumer facing companies are being forced to either curtail supply or raise prices due to exploding costs. But what is it about AI that consumes so much memory, and when will the market rebalance itself? On this episode, we speak with Ray Wang, an analyst at SemiAnalysis, who recently co-authored a report titled, <a href="https://newsletter.semianalysis.com/p/memory-mania-how-a-once-in-four-decades" data-destination="https://newsletter.semianalysis.com/p/memory-mania-how-a-once-in-four-decades">Memory Mania: How a Once-in-Four-Decades Shortage Is Fueling a Memory Boom</a>. We discuss the implications of this memory boom, how producers are responding to surging prices, and whether or not the Chinese companies in the space can catch up to the Korean giants, such as Samsung and Hynix.
<a href="http://bloomberg.com/subscriptions/oddlots" data-link-cookie="1" data-destination="http://bloomberg.com/subscriptions/oddlots">Subscribe to the Odd Lots Newsletter</a> Join the conversation: <a href="https://discord.gg/oddlots" data-destination="https://discord.gg/oddlots">discord.gg/oddlots</a>

Ray Wang on How AI Is Causing DRAM Prices to Surge

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3220a86a-8dcd-4d57-8be1-b3f0014ddd5e/transcript

The future is always tough to predict, but generally when it comes to inflation, a lot of the debate is about how long it will take the Federal Reserve to get back to its 2% target. In other words, people generally agree on the direction, but disagree on the speed. But our guest on this episode violently disagrees with the consensus direction. Peterson Institute President Adam Posen thinks inflation will be back at 4% by the end of the year. He first unveiled his thesis in a piece co-written with Lazard's Peter Orszag last month. Posen argues that the lagged effect of tariffs, immigration, further fiscal easing, and declining Fed credibility will combine to cause prices to reaccelerate. In this conversation, we speak with Posen about his thesis, and why he thinks the reports of economic softening are mistaken. We also talk about the broader geopolitical landscape and whether Europe is ready to really change its relationship with the United States.

More: A Very Non-Consensus Inflation Call 

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The future is always tough to predict, but generally when it comes to inflation, a lot of the debate is about how long it will take the Federal Reserve to get back to its 2% target. In other words, people generally agree on the direction, but disagree on the speed. But our guest on this episode violently disagrees with the consensus direction. Peterson Institute President Adam Posen thinks inflation will be back at 4% by the end of the year. He first unveiled his thesis <a href="https://www.piie.com/blogs/realtime-economics/2026/risk-higher-us-inflation-2026">in a piece</a> co-written with Lazard's Peter Orszag last month. Posen argues that the lagged effect of tariffs, immigration, further fiscal easing, and declining Fed credibility will combine to cause prices to reaccelerate. In this conversation, we speak with Posen about his thesis, and why he thinks the reports of economic softening are mistaken. We also talk about the broader geopolitical landscape and whether Europe is ready to really change its relationship with the United States. More: <a href="https://bloom.bg/4cxrjNU">A Very Non-Consensus Inflation Call</a>&nbsp; <a href="http://bloomberg.com/subscriptions/oddlots" data-link-cookie="1" data-destination="http://bloomberg.com/subscriptions/oddlots">Subscribe to the Odd Lots Newsletter</a> Join the conversation: <a href="https://discord.gg/oddlots" data-destination="https://discord.gg/oddlots">discord.gg/oddlots</a>

Why Adam Posen Thinks Inflation Will Surge Back to 4%

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c852a07a-28d5-49d2-b87a-b3ef015ffdea/transcript

Lots More with Lev Menand on the Eurodollar Market Now

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