After a decade of dominance, 2022 saw tech stocks badly underperform the rest of the market. However, so far in 2023, tech stocks and other speculations have surged again. According to Steve Eisman, what we're seeing is the natural process by which a "paradigm shift" is playing out in stocks. Eisman, a portfolio manager at Neuberger Berman, won big betting against CDOs during the Great Financial Crisis and was famously depicted in the book and movie The Big Short as one of the few investors who got it right. In this conversation, he talks about lessons learned from his career in investing, how and why big shifts happen in markets, the state of the financial system, and what sectors could win over the next decade. See omnystudio.com/listener for privacy information.

Steve Eisman on the 'Paradigm Shift' Happening in Markets Right Now

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

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For years and years, utilities in the US haven't seen much growth in electricity demand. The economy is generally mature and has been able to grow even without needing much more electrical power. But all that's changing now and a big contributing factor is the boom in datacenter demand. It's particularly acute for AI datacenters, which need more power than traditional datacenters, and are growing like crazy ever since ChatGPT brought generative AI to everyone's collective consciousness. So how will utilities handle the sudden surge in load growth? On this episode, we speak with Brian Janous, co-founder and chief strategy officer at Cloverleaf Infrastructure. Brian spent 12 years at Microsoft, where he was the company's first ever energy-focused hire, so he has seen the rise of datacenter electricity consumption first hand, and how AI is kicking it up even further. He now works alongside utilities to figure out how they'll meet this growing demand. We talk about how there's likely to be more gas plants being built, how datacenters and utilities can get more energy out of existing infrastructure, the politics of AI datacenters, and what this all means for the net-zero commitments of major tech companies. See omnystudio.com/listener for privacy information.

How Electric Utilities Will Handle Booming AI Datacenter Demand

The audio companion to Bloomberg Opinion’s beloved Money Stuff column hosted by its author Matt Levine, “whose deadpan style mixes technical elucidation and wit” (NY Times). Once a week, Matt and his friend, Bloomberg News reporter and TV host, Katie Greifeld talk about Wall Street, finance and…other stuff. New episodes every Friday.
Listen on Apple Podcasts, Spotify, or wherever you get your podcasts.  See omnystudio.com/listener for privacy information.

Introducing Money Stuff: The Podcast

In 2021 and 2022, the US economy experienced historic shortages of many different goods. All kinds of consumer, construction, and high-tech components were tough to come by. Since then, most of these shortages have eased or gone away, but there is one category that is still struggling to meet demand: electrical components. Years after the height of the pandemic squeeze, there are still complaints about missing transformers and switchgears, which are crucial for connecting new construction developments to the power grid. So what's going on and how much is this shortage messing up economic activity? On this episode, we speak with commercial real estate developer Chris Hatch, partner at Forza Development, about how the situation is hurting his business. He talks about projects that are entirely finished — except for this one necessary component. We walk through the causes of the problem and how costly the delays are proving to be. See omnystudio.com/listener for privacy information.

Lots More on America's Electrical Components Crisis

 A bunch of companies saw their share prices boom during the pandemic. Peloton surged because no one could go to gyms. Zoom jumped because no one could go to the office, and so on. Since then, many of these companies have come crashing down back down to earth. However, one pandemic winner that has yet to see its stock price mean-revert is Tractor Supply Co. Its shares have been up about 270% since their 2020 lows. The retailer has ridden a demographic and cultural shift as more Millennials move away from cities and decide to become hobby farmers growing their own chickens, vegetables, and fruit. In this episode, we speak with CEO Hal Lawton about the Tractor Supply business model, including how it's bucked the post-pandemic pattern and what it's doing to lock in customers for the long term. See omnystudio.com/listener for privacy information.

Tractor Supply's CEO on How It Escaped the Post-Pandemic Curse

US imports from Mexico are surging. Former President Trump's tariffs on China, as well as the renegotiated USMCA treaty, have encouraged supply chains to move to North America. Then Covid hit, and that re-energized interest in "nearshoring" or "friendshoring" as an alternative to China. So how much further can US-Mexico trade go? What kinds of goods are being imported from Mexico? And how does the trade boom interact with Mexico's shaky security situation? On this episode we speak with Matt Silver, the CEO and co-founder of Cargado, which is building technology to facilitate cross-border freight. Silver, a former freight broker with a long history of doing business in Mexico, talks to us about what he's seeing on the ground, who's investing, plus the extraordinarily complicated process of getting goods across the border. See omnystudio.com/listener for privacy information.

Steve Eisman on the 'Paradigm Shift' Happening in Markets Right Now

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