Central Banking 101 w/ Joseph Wang (MI190)

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Clay Finck chats with Joseph Wang about all things related to Central Banking and the Federal Reserve. They cover what the Federal Reserve is, the role it plays in the overall economy, the Fed’s dual mandate, whether liquidation events are a buying opportunity or not for long-term investors, and so much more!
 
Joseph is a former senior trader on the Fed's trading desk, where he conducted open market operations and studied the global dollar system.
 
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
00:11 - What the Federal Reserve is, the role it plays in the overall economy, and what their dual mandate is.
10:10 - What quantitative easing is and how it affects the prices of assets.
16:28 - The actions the Federal Reserve took in March 2020 when they nearly doubled their balance sheet.
27:27 - Whether liquidation events are a buying opportunity or not for long-term investors.
29:25 - What the repo market is, and why you should care about it.
37:22 - How the stock market affects the Federal Reserve’s decisions.
40:00 - Joseph’s thoughts on what a global macro restructuring might look like.
43:46 - What CBDC’s are and what role they might play in the future.

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On Millennial Investing, I chat with Joseph Wang about all things related to Central Banking and the Federal Reserve. What are your takeaways in this episode? - Clay💭

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TheInvestorsPodcastNetwork
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Another great explanation from Joseph Wang I can send to people who ask me about central banks basics. A minor criticism...there's a ton of echo/reverb while he asks. Maybe choose an area with sound absorbing material or add some to where he speaks so his voice is more natural.

bradkaral
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Joseph was so lucid in his explanations. Made me keen to find out more. Thanks

sporedney
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Your mic has too much bass I can barely understand him

TheLiquidityHunters
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Very good! I am not clear about the difference between the overnight interbank lending and the repo market. Can you help?

eikoGoldstein
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Enjoyed the podcast tremendously. Very enlightening

michaelorourke