Tomorrow's People

Why does a 90 year old man fly to Tokyo? In this episode of Tomorrow's News, we talk about the latest US CPI results, Japan and how the Yen is playing a part in global liquidity, and how this should frame your thinking about the S&P and US equities. ——Any information in this podcast is not intended to promote or recommend any particular product or services offered by BFA. It does not take into account the objectives, financial situation, or needs of any investor. Before making an investment decision, investors should seek professional advice.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit bfaglobalinvestors.substack.com

This episode of Tomorrow's News comes live from Shanghai, where BFA's Head of Community Lucy Du shares her observations around the streets of Shanghai after three years. We do the shopping bag test in malls, chat about housing, pet ownership, and discuss the biggest change in the city from Dec 2019 to April 2023. —Any information in this podcast is not intended to promote or recommend any particular product or services offered by BFA. It does not take into account the objectives, financial situation, or needs of any investor. Before making an investment decision, investors should seek professional advice.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit bfaglobalinvestors.substack.com

In this episode of Tomorrow's News BFA Co-Founder Gavin Ezekowitz talks to global fixed income expert and credit manager Roni Green on the latest investor concerns surrounding bank hybrids, and what are the real risks and rewards associated with these unique debt instruments.—Any information in this podcast is not intended to promote or recommend any particular product or services offered by BFA. It does not take into account the objectives, financial situation, or needs of any investor. Before making an investment decision, investors should seek professional advice.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit bfaglobalinvestors.substack.com

Investor, author and podcaster Dr Rasheed Saleuddin return to Tomorrow's News to talk about hyperinflation on the back of former Coinbase CTO Balaji Srinivasan’s wager that bitcoin will hit $1M within 90 days. --Rasheed used to manage the treasury portfolio for Bank of America before pursuing an academic career where wrote extensively about bank runs, including and perhaps very relevant to today's discussion, how to mark credit risk in a crisis and who should pay for bank failures.He is the author of two books, including one on Post-Crisis Bank Regulation of mortgage-backed securities titled Regulating Securitized Products, a Post-Crisis Guide.--Any information in this podcast is not intended to promote or recommend any particular product or services offered by BFA. It does not take into account the objectives, financial situation, or needs of any investor. Before making an investment decision, investors should seek professional advice.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit bfaglobalinvestors.substack.com

This week we have the pleasure of speaking with China economist Dr Dan Wang, who takes us on the ground to China, and gives our listeners a read out of the macroeconomic landscape of the country and the Chinese government's monetary stance in 2023 and beyond.We talk about China's 5% GDP target, China's monetary policies, Chinese consumption, the local government debt crisis, and how much economists can trust the Chinese official macroeconomic data. --Dr Dan Wang is the Chief Economist at Heng Seng Bank China, based in Shanghai. She holds a PhD in Economics from the University of Washington with a focus on macroeconomics, environmental economics, and econometrics. Her postdoc was with the Chinese Academy of Sciences in Agriculture.--Any information in this podcast is not intended to promote or recommend any particular product or services offered by BFA. It does not take into account the objectives, financial situation, or needs of any investor. Before making an investment decision, investors should seek professional advice.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit bfaglobalinvestors.substack.com

The story of Silicon Valley Bank not discussed in the news. This week we have the pleasure of speaking with investor, author and podcaster Rasheed Saleuddin, who took a break from his ski trip in Canada to join Gavin and help our listeners unpack the SVB story that unfolded over the weekend.

Is it a story about treasury mismanagement, digital access of funds, social media frenzy? Or changing depositor psychology, crypto on/off ramping, and a new generation of banking infrastructure?

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Rasheed used to manage the treasury portfolio for Bank of America before pursuing an academic career where wrote extensively about bank runs, including and perhaps very relevant to today's discussion, how to mark credit risk in a crisis and who should pay for bank failures.

He is the author of two books, including one on Post-Crisis Bank Regulation of mortgage-backed securities titled Regulating Securitized Products, a Post-Crisis Guide.

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Any information in this podcast is not intended to promote or recommend any particular product or services offered by BFA. It does not take into account the objectives, financial situation, or needs of any investor. Before making an investment decision, investors should seek professional advice.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit bfaglobalinvestors.substack.com

Markets this week are like the surfs at Tamarama, hard to find a peak to paddle into, hard to form a view on what it's trying to do. In this episode of Tomorrow's News, BFA Head of Community, Lucy Du talks to Gavin Ezekowitz about US consumer housing and the FOMC, China and Oil.

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Any information in this podcast is not intended to promote or recommend any particular product or services offered by BFA. It does not take into account the objectives, financial situation, or needs of any investor. Before making an investment decision, investors should seek professional advice.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit bfaglobalinvestors.substack.com

In this episode of Tomorrow's News BFA Co-Founder Gavin Ezekowitz talks to global fixed income expert and credit manager Roni Green having pizza with Jonathan Shapiro, credit spreads and all things global credit

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Any information in this podcast is not intended to promote or recommend any particular product or services offered by BFA. It does not take into account the objectives, financial situation, or needs of any investor. Before making an investment decision, investors should seek professional advice.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit bfaglobalinvestors.substack.com

In this episode of Tomorrow's News BFA Head of Community Lucy Du talks to Gavin Ezekowitz about the January CPI results, and what it means for equities, bonds and the next FOMC meeting.

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Any information in this podcast is not intended to promote or recommend any particular product or services offered by BFA. It does not take into account the objectives, financial situation, or needs of any investor. Before making an investment decision, investors should seek professional advice.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit bfaglobalinvestors.substack.com

In this week's Tomorrow's News Gavin Ezekowitz speaks to pre-seed tech and crypto angel investor, Dr Rasheed Saleuddin.

Rasheed was a post-doc in finance at Cambridge, with academic specialties in US interwar financial markets and the 2008 GFC. He ran a distressed mortgage hedge fund from 2008-2018, and is a fellow podcaster with his own weekly investment podcast At the Rotterdam

We discussed Ray Dalio's China thesis, grand narratives, a splash of financial history, and most importantly the dominance of China, and the yuan's potential as a reserve currency.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit bfaglobalinvestors.substack.com