The End of Monetary Policy

(00:00:15) - (First Question) - A quick background of his investment career

(00:006:27) - Basic tenants to think about when starting in trading 

(00:12:41) - Fed reaction functions before the market got weird 

(00:17:17) - How the Fed lost the power of the reaction function  

(00:19:19) - Outcomes of the Fed buying trillions in assets 

(00:22:04) - How pushing out risk spectrums does not inflate assets

(00:26:13) - Difficulties behind trying to start inflation before covid  

(00:28:42) - Reasons covid unleashed fiscal spending

(00:30:21) - His estimate on how much money the government put into the economy  

(00:34:55) - What the salesman macro pitch got so wrong 

(00:36:52) - His view on why rates are going higher

(00:38:54) - Whether raising funds is the right thing to do

(00:39:27) - The driver behind the higher rates call 

(00:41:52) - Conventional mortgage numbers versus NGDP numbers

(00:42:20) - The housing narrative compared to supply and demand 

(00:44:35) - Recession structure without bank involvement