Monetary Matters with Jack Farley

By Jack Farley

Jack Farley interviews the very best financial minds about macro, markets, and monetary matters. Follow Jack on Twitter @JackFarley96.... more

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FAQs about Monetary Matters with Jack Farley:

How many episodes does Monetary Matters with Jack Farley have?

The podcast currently has 195 episodes available.

Monetary Matters with Jack Farley episodes:

May 29, 2025 Patient Value Investing and America’s Industrial Advantage | Bob Robotti
Bob Robotti, legendary value investor and President and CIO of Robotti and Company Advisors, is one of a very select group of investors with a 30+ year track record of S&P 500 outperformance. Here he joins Other People’s Money to discuss long-term value investing, why he likes to invest in companies perceived to be facing headwinds, and his view that American based industrial companies are competitively advantaged for reasons completely unaffected by trade policy. He also discusses how he operates both an advisory business and a broker dealer business and how the broker dealer has served as a starting point for many other great value investors.
Learn More About Robotti Advisors: https://advisors.robotti.com

Follow Bob Robotti on X: https://x.com/BobRobotti
Follow Max on X: https://x.com/maxwiethe

Follow Other People’s Money on:
Apple Podcast https://bit.ly/4e7QJ1M
Spotify https://bit.ly/3Yhaazi
YouTube https://bit.ly/3C63VXR
X https://x.com/opmpod
Timestamps
00:00 Intro
01:27 Patient Capital
08:05 Investing in Companies with Headwinds
12:13 Building Products Businesses
16:08 North American Industrial Advantage
22:41 Industries Returning to the USA
27:18 Valuing Businesses on Cost of Replacement
30:56 The Links Between Lumber, Building Products,
and Housing
33:24 Engaging With Management in Long-term
Positions
39:04 Trading Around Long-Term Positions
47:57 Buying Stocks After They've Gone Up
52:56 Trading Against Each Other
55:01 Having a Broker Dealer and Advisory Business
59:15 Jumping From the Sell Side to the Buy Side
01:04:08 Capital Churn
01:06:03 All US Equity Investors Should Compare
Themselves to the S&P 500
...more
1h 15min
May 28, 2025 Regime of Uncertainty | Steve Hanke on Money Supply Shock, Tariff and Current Account, and Why Recession Remains Base Case For 2025
To view the prospectus for the VanEck Merk Gold ETF (OUNZ), please visit: https://www.vaneck.com/OUNZProspectus
Learn more: https://www.vaneck.com/OUNZJack/overview/

Steve Hanke, author of “Making Money Work” and Professor of Applied Economics The Johns Hopkins University in Baltimore, joins Monetary Matters to share his thoughts on the anemic bank credit growth, fiscal and tariffs policy in the United States, and the global Dollar system. Recorded May 20, 2025.

Follow VanEck on Twitter https://x.com/vaneck_usFollow Steve Hanke on Twitter https://x.com/steve_hanke
Follow Jack Farley on Twitter https://x.com/JackFarley96

Steve’s book, “Making Money Work: How to Rewrite the Rules of Our Financial System”, on Amazon: https://www.amazon.com/Making-Money-Work-Rewrite-Financial/dp/1394257260
“Making Money Work” from Publisher (Wiley): https://www.wiley.com/en-us/Making+Money+Work%3A+How+to+Rewrite+the+Rules+of+Our+Financial+System-p-9781394257270

Follow Monetary Matters on:
Apple Podcast https://rb.gy/s5qfyh
Spotify https://rb.gy/x56dx5
YouTube https://rb.gy/dpwxez
...more
46min
May 25, 2025 Economic Policy To The Fore | Jason Furman on Deregulation, Tax Cuts, Tariffs, and Healthcare
Jason Furman, former Chairman of Council of Economic Advisers for President Obama and Aetna Professor of the Practice of Economic Policy jointly at Harvard Kennedy School (HKS) and the Department of Economics at Harvard University, joins Monetary Matters to share his view of the Trump administration’s “three-legged stool” of tariffs, deregulation, and tax cuts. Recorded May 20, 2025.

Follow Jack Farley on Twitter https://x.com/JackFarley96
Follow Jason Furman on Twitter https://x.com/jasonfurman

Follow Monetary Matters on:
Apple Podcast https://rb.gy/s5qfyh
Spotify https://rb.gy/x56dx5
YouTube https://rb.gy/dpwxez

...more
38min
May 23, 2025 Fiscal Decay, EM Parallels, and What’s Next for the Dollar | Nicolás Dujovne
Nicolás Dujovne, CIO and founder of Tenac Asset
Management and former Treasury Minister of Argentina joins Monetary Matters to discuss the evolution of emerging market economies, EM debt investing, and why even though the US’s failure to address fiscal issues may be reminiscent of emerging markets it still falls short of full EM status even if it risks the US Dollar’s reserve currency status over the long run. Dujovne also identifies the opportunities he's watching now, explains why he thinks the dollar is moving lower, and makes the case for EM debt becoming more common in investor portfolios.
Learn more about Tenac Asset Management: https://tenacam.com
Follow Jack Farley on Twitter https://x.com/JackFarley96
Follow Monetary Matters on:
Apple Podcast https://rb.gy/s5qfyh
Spotify https://rb.gy/x56dx5
YouTube https://rb.gy/dpwxez
Timestamps:
00:46 The Impact of the Dollar on EMs Like Argentina
04:59 The Impact of the Fed and US Rated on EMs Experiencing Crisis
08:15 The Causes of Argentina's Inflation
15:17 The Mechanics of Money Printing
18:38 Macro Investing in Emerging Markets
28:30 Dollar Bonds vs Local Currency Bonds
34:55 Why Do Countries Issue Dollar Bonds?
40:05 The Case for EM Debt as an Asset Class
44:21 Balance of Payments
47:51 Economics vs Trading
52:58 Rebalancing the US vs the Rest of World
55:40 The Weakening US Dollar
57:54 Tariff Impacts on US GDP
01:01:36 One Year Dollar Outlook
01:03:25 Current Positioning
01:05:26 Current Market Anomalies
01:08:52 Is the US Becoming an Emerging Market
01:13:54 LATAM Tariff Winners
01:17:16 Opinions on Milei
01:21:18 Argentina Market Views
...more
1h 26min
May 20, 2025 The Holy Grail of Macro | Prometheus Macro’s Aahan Menon on Why Tariffs Won’t Cause A Recession And Why Buying Dips Only Works In An Expansion
Monetary Matters listeners can get a 25% discount to Prometheus Macro: https://www.prometheus-macro.com/monetarymatters

Aahan Menon, founder and CEO of Prometheus Macro, returns to Monetary Matters to share his in-depth macro process. He talks about how returns come from three factors: carry, mean reversion, and trend, and about how these three factors interact with other macro variables. Prometheus Macro is a trusted source for Jack and Monetary Matters listeners can get discounted access to Aahan’s research service by using the link below. Annual subscriptions can be purchased at 25% off the monthly subscription rate, and monthly subscribers can get a 10% discounted rate.

https://www.prometheus-macro.com/monetarymatters

Follow Aahan Menon on Twitter https://x.com/AahanPrometheus
Follow Prometheus Macro on Twitter https://x.com/prometheusmacro
Follow Jack Farley on Twitter https://x.com/JackFarley96

Follow Monetary Matters on:
Apple Podcast https://rb.gy/s5qfyh
Spotify https://rb.gy/x56dx5
YouTube https://rb.gy/dpwxez

...more
1h 44min
May 17, 2025 Is Private Credit a Systemic Risk? (A Regulator’s View) | Fabio Natalucci
Fabio Natalucci, CEO of the Anderson Institute for Finance & Economics, joins
Monetary Matters to discuss his work at the IMF on the potential risks to the
global financial system that the growth of private credit may pose. They also
discuss the affects that tariffs will have not just on the economy but the
functioning of the financial system.
Learn more about the Anderson Institute: https://www.andersen.com/
Follow Jack Farley on Twitter https://x.com/JackFarley96
Follow Monetary Matters on:
Apple Podcast https://rb.gy/s5qfyh
Spotify https://rb.gy/x56dx5
YouTube https://rb.gy/dpwxez
Timestamps:
00:00 Intro
00:48 A Regulator's View of Private Credit
12:58 Private Credit Replacing the Banking System
15:46 New Types of Private Credit Investors
19:34 Private Credit Liquidity
24:11 Private Credit Leverage
29:00 Geographical Regulatory Risks
30:23 Is Private Credit Investment Grade?
36:01 Private Capital's Entry to the Insurance Business
41:49 Derivatives in Private Credit and Collateralized Fund Obligations
45:44 Economic and Financial Implications of Tariffs
01:01:53 The Risk of Foreigners Selling US Assets
01:09:53 Taiwan Life Insurance Markets
01:12:37 Does Trump Want a Weaker Dollar?
01:15:37 Lack of Consumption Ex-US
01:20:29 The Anderson Institute
...more
1h 26min
May 16, 2025 The Fed and The Flu | David Kotok on How Pandemics Transform Economies and Markets
David Kotok, Co-Founder & Strategic Advisor at Cumberland Advisors, joins Monetary Matters to discuss insights from his new book, “The Fed and the Flu: Parsing Pandemic Economic Shocks.” Kotok cites data over millennia to show that pandemics typically cause natural real interest rates to decline, and productivity and inequality to rise. Kotok argues that we must prepare for the next pandemic and shares his view on the origin of the COVID virus. Part II of an interview recorded on April 4, 2025, with the first part having aired on April 7, 2025.

David Kotok’s book, “The Fed and the Flu: Parsing Pandemic Economic Shocks”:
https://www.amazon.com/Fed-Flu-Parsing-Pandemic-Economic-ebook/dp/B0DCK1ZHJT
Paper, “Longer-Run Economic Consequences of Pandemics”: https://www.nber.org/system/files/working_papers/w26934/w26934.pdf

Follow Jack Farley on Twitter https://x.com/JackFarley96
Follow David Kotok on Twitter https://x.com/DavidKotokGIC

Follow Monetary Matters on:
Apple Podcast https://rb.gy/s5qfyh
Spotify https://rb.gy/x56dx5
YouTube https://rb.gy/dpwxez
...more
1h 5min
May 14, 2025 Milton Berg: “Overwhelming” Evidence of Bullish Action In Stock Market
Milton Berg, pioneer in technical market data analysis, explains why he thinks early April was a turning point in the U.S. stock market and why the stock market is likely headed higher. Recorded May 13, 2025

Follow Milton Berg on Twitter https://x.com/BergMilton
Follow Jack Farley on Twitter https://x.com/JackFarley96

Follow Monetary Matters on:
Apple Podcast https://rb.gy/s5qfyh
Spotify https://rb.gy/x56dx5
YouTube https://rb.gy/dpwxez
...more
1h 25min
May 12, 2025 Ken Rogoff on Past, Present, and Future of U.S. Dollar Hegemony
To view the prospectus for the VanEck Merk Gold ETF (OUNZ), please visit: https://www.vaneck.com/OUNZProspectus
Learn more: https://www.vaneck.com/OUNZJack/overview/

Ken Rogoff’s new book on the U.S. Dollar on Amazon: https://www.amazon.com/Our-Dollar-Your-Problem-Turbulent/dp/0300275315
On Publisher’s site: https://yalebooks.yale.edu/book/9780300275315/our-dollar-your-problem/

Ken Rogoff, renowned economist and author of “Our Dollar, Your Problem: An Insider's View of Seven Turbulent Decades of Global Finance, and the Road Ahead” traces the development of the U.S. Dollar’s rise to world dominance, and he connects it with the trade and capital imbalances that have recently motivated large tariff actions from the United States. Rogoff argues that he thinks the Trump tariff policy through April 30 2025 was somewhat “dumb” but that there is a chance that 10 years from now Trump will be viewed as having been right. Recorded April 30, 2025.

Follow VanEck on Twitter https://x.com/vaneck_us
Follow Jack Farley on Twitter https://x.com/JackFarley96

Follow Monetary Matters on:
Apple Podcast https://rb.gy/s5qfyh
Spotify https://rb.gy/x56dx5
YouTube https://rb.gy/dpwxez

...more
1h 8min
May 08, 2025 The Global Trade Reset Was Inevitable | George Magnus
George Magnus, famed economist and Associate at the China Centre Oxford, joins Monetary Matters to discuss how the global trade reset was inevitable because of unsustainable trade imbalances built up prior to the Trump administration. They also discuss the likelihood of tariffs being lowered and the relative strength of the US and China in trade negotiations.
Follow George Magnus on Twitter https://x.com/georgemagnus1
Follow Jack Farley on Twitter https://x.com/JackFarley96
Follow Monetary Matters on:

Apple Podcast https://rb.gy/s5qfyh
Spotify https://rb.gy/x56dx5
YouTube https://rb.gy/dpwxez
...more
1h 21min

FAQs about Monetary Matters with Jack Farley:

How many episodes does Monetary Matters with Jack Farley have?

The podcast currently has 195 episodes available.

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