Making Markets
Episode 13 A Behavioural Macro View
Making Markets

Episode 13: A Behavioural Macro View

Making Markets

Episode 13

A Behavioural Macro View

Mark Dow is the founder of Behavioral Macro. We cover Mark's background as an Economist, why prevailing narratives around the economy are wrong, and why Mark isn't concerned about US debt.

(00:00:00) - Welcome to Making Markets

(00:02:12) - (First question) - Discussing why economists often struggle with trading and investing

(00:05:32) - Strategies for aligning with market movements

(00:16:06) - Exploring reasons why a recession hasn't occurred yet 

(00:25:32) - Delving into the inflation dynamics of 2010 

(00:31:18) - Assessing the effects of interest rates on high-value assets 

(00:34:13) - Evaluating the current position in the market risk cycle

(00:40:28) - Investigating the perceived absence of risk in the market 

(00:43:14) - Reflecting on Modern Monetary Theory (MMT) 

(00:49:19) - Analyzing the relationship between asset price inflation and income inequality

(00:53:57) - Identifying the most promising sector in the current market cycle

 

A Behavioural Macro View

Introduction

Eric
My guest this week is Mark Dow. Mark started his career as an economist with the U.S. Treasury and the IMF before he joined the Wall Street. Today, he is the founder of Behavioral Macro and manages money combining his skillsets as a trader and an economist.

In this discussion, we talked about why economists are usually bad investors, how Mark approaches markets and cover some provocative ideas, including how quantitative easing and tightening have little effect on the market and why Mark is not as worried about the U.S. debt. Please enjoy this great conversation with Mark Dow.

Economists as Investors

Mark, thank you for doing this. I joked the last time we spoke that I could do this more than once and we're going to because I messed up. So let's get going. You’ve said that economists are bad traders and terrible investors.

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