From Moral Hazard to Business as Usual, Feat. Jesse Felder

A leading independent financial analysis shares thoughts on the “Robinhood rally,” Fed policy and why Modern Monetary Theory (MMT) is already here.

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This episode is sponsored by Bitstamp and Ciphertrace.

Today on The Brief:

• An unexpectedly good retail sales report drives market confidence
• Are we in for a second wave of white-collar layoffs?
• The latest rumblings in central bank digital currencies

Our main conversation:

Jesse Felder is an independent financial analyst and one of the best financial curators on Twitter.

See also: What the Stock Market’s ‘Robinhood Rally’ Means for Bitcoin

In this wide ranging conversation, he and NLW discuss:

• The Robinhood rally and what makes it both alike and different from previous manias
• The illusion of American recovery and the disconnect between markets and fundamentals
• The Federal Reserve’s role in increasing economic inequality
• Why the dollar is significantly overvalued relative to other currencies
• Why financial assets could be poised for a rough decade

Find our guest online:
Twitter: @jessefelder
Website: TheFelder Report