Robert Hormats, who has worked in senior economic and trade policy roles under five different U.S. presidents and spent 25 years at Goldman Sachs Group Inc., believes the Covid-19 pandemic has forced the government to embark on what could be considered an involuntary experiment with Modern Monetary Theory.

Now a managing director at wealth-advisor Tiedemann Advisors, Hormats discusses MMT, the U.S.-China relationship, prospects for a coronavirus vaccine – and how investors should think about all of it.

Mentioned in this podcast:

 A Beginner’s Guide to Modern Monetary Theory

Meet the Psychic That Big-Money Wall Street Traders Depend On

Robert Hormats, who has worked in senior economic and trade policy roles under five different U.S. presidents and spent 25 years at Goldman Sachs Group Inc., believes the Covid-19 pandemic has forced the government to embark on what could be considered an involuntary experiment with Modern Monetary Theory.Now a managing director at wealth-advisor Tiedemann Advisors, Hormats discusses MMT, the U.S.-China relationship, prospects for a coronavirus vaccine – and how investors should think about all of it.Mentioned in this podcast:<a href="https://www.bloomberg.com/news/features/2019-03-21/modern-monetary-theory-beginner-s-guide?sref=jaGkMhDb"> A Beginner’s Guide to Modern Monetary Theory</a><a href="https://nypost.com/2020/08/08/meet-the-psychic-that-big-money-wall-street-traders-depend-on/">Meet the Psychic That Big-Money Wall Street Traders Depend On</a>

Hosts Mike Regan and Vildana Hajric are joined each week by expert guests to discuss the main themes influencing global markets. They explore everything from stocks to bonds to currencies and commodities, and how each asset class affects trading in the others. Whether you’re a financial professional or just a curious retirement saver, What Goes Up keeps you apprised of the latest buzz on Wall Street and what the wildest movements in markets will mean for your investments.

Hosts Mike Regan and Vildana Hajric are joined each week by expert guests to discuss the main themes influencing global markets.

What Goes Up

The MMT Experiment is Underway

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/2bba713f-4f93-40b1-9188-ae3c0030eaa1/transcript