Odd Lots

1,121
Business #41Investing #9

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

Recent Episodes
  • Lots More on Why Neil Dutta Is Sticking With His Recession Call
    Apr 11, 2025 – 12:15
  • Rob Kaplan on How the Fed Will Think about the Tariffs
    Apr 10, 2025 – 32:17
  • Viktor Shvets on Trump's Historical, Revolutionary Moves
    Apr 9, 2025 – 30:32
  • What Tariffs Are Doing to North American Freight
    Apr 8, 2025 – 20:17
  • What Trump's Tariffs Are Already Doing to World Trade
    Apr 7, 2025 – 23:56
  • Tether's CEO Speaks on His Insanely Profitable Business
    Apr 7, 2025 – 44:08
  • Brad Setser on the Damage From Trump's Gigantic Tariff Shock
    Apr 5, 2025 – 28:51
  • Lots More on a Massive, Historical, Stagflationary Shock
    Apr 4, 2025 – 18:43
  • Tim Geithner on How to Fight the Next Financial Crisis
    Apr 3, 2025 – 40:48
  • The Growing Risk to Fed Independence That Wall St Isn't Watching
    Apr 1, 2025 – 32:13
  • Nick Denton's Big Bet Against the United States
    Mar 31, 2025 – 41:25
  • The Last Time Investors Really Got Excited For Tech Infrastructure
    Mar 28, 2025 – 27:39
  • Why Brad Jacobs Is Spending $11 Billion on a Roofing Supply Business
    Mar 27, 2025 – 39:16
  • Jim Millstein on the Massive Risks of Any 'Mar-a-Lago Accord'
    Mar 24, 2025 – 58:20
  • Lots More With Charlie McElligott on the Sharp, Strange Selloff
    Mar 21, 2025 – 25:42
  • The Great Jones Act Debate
    Mar 20, 2025 – 33:55
  • FTC Chief Andrew Ferguson on the Trump Vision for Antitrust
    Mar 17, 2025 – 47:45
  • The Original Prediction Market Was Betting on the Pope
    Mar 14, 2025 – 41:02
  • Is There an Extremely Simple Fix for Affordable Housing?
    Mar 13, 2025 – 40:41
  • Cathie Wood on What Comes Next in AI and Big Tech
    Mar 11, 2025 – 34:06
  • Here Comes the Booming Chinese Biotech Sector
    Mar 10, 2025 – 43:28
  • Trump's NIH Cuts Send Shockwaves Through the Science World
    Mar 8, 2025 – 44:09
  • We Just Saw Europe's Biggest Week in Decades
    Mar 7, 2025 – 30:21
  • Eugene Fama and David Booth on the Birth of Modern Finance
    Mar 6, 2025 – 49:19
  • Ray Dalio on the Coming Crisis in US Debt
    Mar 3, 2025 – 56:13
  • Lots More on the Growing Risks to the US Labor Market
    Feb 28, 2025 – 17:58
  • Goldman's Jared Cohen and George Lee on the Unprecedented Shocks in Geopolitics
    Feb 27, 2025 – 51:26
  • Jim Bianco on What a 'Mar-a-Lago Accord' Could Mean for the Economy
    Feb 25, 2025 – 28:32
  • Here's What It Takes to Make a Great Company
    Feb 24, 2025 – 43:38
  • How Banks Turned Into Giant Synthetic Hedge Funds
    Feb 21, 2025 – 38:04
  • The Plan to Get America Building Big Ships Again
    Feb 20, 2025 – 46:21
  • This Is How Derivatives Trading Swallowed the Entire Market
    Feb 17, 2025 – 50:41
  • This Is Why People Are So in Love With Gold
    Feb 14, 2025 – 47:17
  • How the Fed Distributes Billions of Dollars in Cash
    Feb 13, 2025 – 27:09
  • This Is Why It's So Hard To Cut Public Spending
    Feb 10, 2025 – 39:02
  • Philip Lane on the Big Problems Facing the Euro-zone Economy
    Feb 7, 2025 – 46:20
  • This Is Palantir's Vision for Changing How the US Does Defense Spending
    Feb 6, 2025 – 47:38
  • The Treasury Payment System Elon Musk Now Has Access To
    Feb 5, 2025 – 28:49
  • The Tariff Announcement That Shocked Financial Markets
    Feb 3, 2025 – 21:14
  • Marko Kolanovic Is Back With a Warning for Stocks
    Feb 3, 2025 – 48:34
  • Lots More with Matt Levine on MicroStrategy's Infinite Money Machine
    Jan 31, 2025 – 14:47
  • Get Ready For Another Shock to Housing Affordability
    Jan 30, 2025 – 35:06
  • The AI Model That Tanked the Stock Market
    Jan 28, 2025 – 21:03
  • How Oaktree's Howard Marks Spots a Market Bubble
    Jan 27, 2025 – 53:51
  • Why the Stock Market Might Be at Peak Concentration Risk
    Jan 24, 2025 – 36:19
  • How Companies Are Actually Spending Money on AI Now
    Jan 23, 2025 – 43:30
  • Introducing: Trumponomics
    Jan 22, 2025 – 01:32
  • This Is What the Crypto Industry Actually Wants From Trump
    Jan 20, 2025 – 42:23
  • Lots More with Lev Menand on the Eurodollar Market Now
    Jan 17, 2025 – 34:10
  • The Hidden History of Eurodollars, Part 3: Spinning Out of Control
    Jan 16, 2025 – 37:32
Recent Reviews
  • High-TEK
    Excellent Show
    Great tariff coverage - looking forward to more as it seems this is never ending…
  • .traveling
    Ok not great
    It’s an interesting set of topics, but implementation is mediocre. The hosts do too much mindless talking. Audio quality is surprisingly poor in places…volume varies more than a professional podcast should. Some guests are great, but content often rambles. The transition music is annoying, and often sharply increases in volume. Surprising that Bloomberg would put out something of this mediocre quality.
  • testapp2022
    Good topics but waay too many ads.
    Like the content but recent episode had me scratching my head wondering if I was in the correct podcast. At least five minutes of ads in the beginning. Wow.
  • John Helix
    Debt Hawks
    Confused how they frequently fail to pushback against guests absurd comments about debt fear. Guests are never challenged or asked to qualify their theses. What’s the purpose? They platform people with no scrutiny and makes for a frustrating listen.
  • Ads much longer
    Ads got longer and passed some threshold where the show becomes unpleasant
    At some point recently—last couple of months, probably?—the ad breaks got quite a bit longer. Previously they were, what, a minute or so, which was bearable; now they’re well north of two, and somehow it feels really unpleasant when I’m in a situation where I can’t skip. (I’m not in finance, and I’m a little hesitant to shell out for a Bloomberg subscription just for this podcast, as great as it is.) I was a very happy and pretty regular listener for maybe three or four years, but I find myself dropping down to only listening to the most interesting-looking episodes. The interviews are great, but somehow the longer ad breaks make it an unfun experience.
  • Mike D from Detroit
    Great content and show
    I look forward to every show. They treat each subject with respect and diligence. I learn something in each discussion and it’s apparent the hosts and producers knock the preparation out of the park
  • Shihab39
    Longest Ad
    The entire episode with Cathie wood felt like a long ad. It was obvious she was talking the entire time to her investors and potential investors, with barely any interruption or challenges from either host. Really like this podcast. Hope this doesn’t happen again.
  • Patriarch09
    Ads, ads, ads
    You’re Bloomberg, do a sponsorship and be down with it. Of every podcast I listen to, this one is by far & away the worst for amount / placement of ads.
  • kfixbwhdisa
    TradFi Simps
    Much of the supposed journalism on crypto will in time prove to be overtly biased. Docile big biz regime shills.
  • ParentsofNYC
    Long time listener
    The cash episode from Chicago Fed is absolutely fascinating.
  • Chucky (JonG)
    The Bernie Bro and the DEI Ditz
    The entire Bloomberg “news” organization is suffering from TDS, and this podcast is no exception. The Bro and the Ditz loved everything about Biden—green energy, massive deficits and the resulting inflation notwithstanding. Now the Bro and the Ditz are just outright lying. Take a listen to the February 5 episode where they dredge up a breathless moron screaming that Doge has access to the code that handles Treasury payments and the world is going to end. Scott Bessent has stated this is untrue and that he personally vetted the workers who would have access to the systems and only on a “read only” basis. Don’t let the truth get in the way of your agenda! Joe the Bro and Tracy the Ditz—keep up the lying! The TDS is hard to shake.
  • The Real GOGO
    A “review”
    Tracy i am a big fan, Joe not so much. Please tell Joe to stop his “hmmm” after statements made by others. Best part of the Show. The closing Music!!
  • Dragontailrider
    Emergency broadcast
    You killed it! Awesome, show!!!!
  • Just_a_man_in_crocs
    Eurodollar
    Just an incredible series, thank you for taking the time to dive into such a unique and interesting topic. Having these complex issues explained from subject matter experts makes the topics approachable and impactful. Thank you!
  • Nahtanoj2
    First rate podcast
    Generally excellent topics and guests. I listen regularly. The recent three part series on the development of the Eurodollar market was fabulous.
  • iCentaur.com
    Energy rate structure
    I a dumbfounded how you can have a Duke Energy executive explain rate structure & you provide critical analysts. The truth is that the monopoly Investor Owned Utility Model is incentivized by building more industrial scale infrastructure green or not. Duke reported $4 billion in profits last year. Good for stock holders but horrible for customers. The only solution to Greening the grid is through distributed energy that lowers the carbon footprint and consumer prices. A complicated subject but very weak reporting. Disappointing.
  • JGLevi
    Toe in the water - and not good
    Pretty good at identifying and covering tends. But in the chirpiest possible way. Lots of coverage of dystopia without any acknowledgment that it’s dystopian. Hey, if online betting apps addict gamblers and then tilt the paying field if the betters are sophisticated - all good! They signed up for the terms and conditions. Hm, private debt is opaque but interesting! I stopped using unregulated nicotine! But it’s so interesting! Perfect podcast for our times. Lots of surface info, no contemplation of social good or bad.
  • Billybill1984
    Great
    Great conversation with Jigar Shah. Small quibble, though – does he get paid by the number of times he asks “right?” in the middle of sentences?
  • Bountiful!109
    DOGE
    In reference to the previous reviewer’s presumption that anyone with experience and knowledge in or adjacent to government being unqualified to assess the effectiveness of or suggest improvements for government is the classic case of not knowing what you don’t know.
  • Andrknt
    Great Interviews
    Not all are great, but the recent interview of Milwood Hobbs makes me stay tuned. I honestly hate finance but like learning about it.
  • J_rob100
    Awesome Content, Terrible Audio
    Positives: Great content that is valuable and interesting. From a content standpoint, this is a high quality podcast for sure. Cons: The audio consistency is terrible. I have to turn the show up and down throughout all the episodes, because the audio volume is very poorly controlled and not stabilized across hosts, guest, and the music (always WAY too loud). Would really enhance the user experience if this was addressed.
  • c.greene
    What a podcast should be
    Every new episode is like unwrapping a gift. The topics are diverse but I always end thinking differently about the way the world works. Exceptionally well done
  • bennett_nj
    Beak capitalism
    I like the chicken version of the theme song
  • vaqueroblvd
    DOGE
    I’m generally a fan of this podcast. What a surprise that a guy that directly or indirectly makes his living off the government replies to a question about what he would do if he led DOGE with 1. Hire more people. 2. Pay them more. Pretty sure he doesn’t understand the point of DOGE.
  • tvsatv
    Chicken dinner
    Very informative and interesting series. Puns helped keep the conversation going. Will listen again because so much good info included in each episode.
  • Slixbank
    Odd lots
    One of my favorite podcasts. I do learn something new now and then and new insights of the latest financial development. Yes there are some rambling here and there but that rambling keeps a dry financial subject interesting . Tracy thought process is clear and logical while Joe is the “spice”. So that combo makes a good show . Keep talking and sharing your financial knowledge.
  • pendolino
    Rambling yet interesting
    I learn something every couple of episodes but sometimes the discussions can get tedious and irrelevant. Skip away
  • Might be an expat someday
    Outstanding
    It’s hard to overstate the difficulty of balancing sophistication and accessibility, but Tracy and Joe *always* get it right. I’ve spoken about the show with wealth managers and casual investors, and everyone finds Odd Lots informative and useful. It’s an outstanding podcast.
  • kth 1952
    Keep it going
    Never miss an installment. Tracy and Joe have a knack for finding the most interesting topics and guests.
  • MaxSucks
    Ads in feed
    Nope. No. Not going to become a thing. You get one more ad in the feed then I unsubscribe. Up to you.
  • Capatel05
    Amazing!
    Great in-depth podcast about economy and business/ industry.
  • Bob1961sc
    Tracy’s essays from college are priceless
    When Nobel prize winner Joe Stieglitz admitted his book that failed to provide solutions to the problems with globalization, tracy pulled out her essay from college that references that book and goes beyond it. Bravo. I love her unique style of summarizing complex topics. Joe adds his perspective making for a the dynamic duo of the financial work. Is this financial camp? I’m dating myself. Yes I watched the original Batman
  • Makanda2
    Best Podcast
    This is the very best podcast going for business information. Joe and Tracy have a great rapport which makes listening a pleasure. That they consider modern money concepts definitely elevates the considerations about where we can take this in the future. With all the podcasts available, this one is tops. Additional ⭐️⭐️⭐️⭐️for having Warren Mosler on, although seems he is the first guest to go over your head, based on your questions!
  • mcwarsaw
    What Happened in 1971?!
    As directed, I am asking you to do an episode or series about what happened in 1971. I would really like your view on things. Thanks!
  • Mazikhan
    Great show, but no more transcripts! 😢
    I really like the show because it just covers a whole gamut of subjects in business and really gets into details. Unfortunately, they recently seem to have disabled transcripts, which makes it much more difficult for me to follow shows due to my hearing issues. 😢
  • EricG.PSU
    Best podcast in Finance
    Love This Podcast
  • Mike Trobe
    Great podcast
    These guys do a terrific job- interesting subjects, great guests, excellent questions. Bravo!
  • intrigued14
    That Richmond Fed Roadtrip Episode
    That Richmond Fed Roadtrip Episode was amazing. I loved hearing from actual people living in places that I haven’t been to and to see that housing and childcare are problems everywhere. All three companies profiled were very interesting, so were Barkin’s reflections. This was much better than hearing the same national story told by another big city reporter.
  • SpenceDP
    Loved the On the Road Episode
    Excellent production value, too. Really well done.
  • condormke
    Adderall/ADHD Episode
    This one really went off the rails. Finding another guest who does preface unchallenged fringe ideas about adhd diagnosis, adderall, and psychiatry with “adderall and adhd diagnosis are not my realm of expertise” would give listeners a clearer picture of these subjects! Prof Carr claiming the validity of ADHD as a psychiatric diagnosis is “quite contested” (by whom?) and that ADHD is “not a robust disease entity at all” hinges on the idea that psychiatric illness as a concept is illegitimate. The DSM-5 and Prof Carr’s preferred ICD-11 are clear that ADHD is legitimate in so far as psychiatry and medicine are legitimate. Using the lack of “neurobiological basis” to discredit any illness (as Prof Carr points out, there is no “blood test” for any psychiatric illness) gives license to people in positions of power to question things like workplace accommodations and to suggest as Joe and Tracy did that people prescribed these medications are unfairly advantaged. Longstanding disparities in health, social, and economic outcomes faced by people all over the world (yes, even outside the US) living with ADHD refute this idea. A clear relationship between standard ADHD treatments and “punding” or other neuro/cardiotoxic side effects does not exist, and theoretical risks can be managed with low-cost monitoring (yearly blood pressure checks, side effect check-ins, etc). Caffeine is also a dopaminergic and sympathomimetic drug, and long-term moderate/heavy use among otherwise physically healthy people is not associated with negative neurologic or cardiac outcomes. It’s very possible the same is true for the doses of stimulant prescribed for ADHD. Prof Carr mentions risk of amphetamines potentiating addictive behaviors, but substantial evidence people diagnosed with ADHD face elevated risk of substance use disorders at baseline muddies any causal relationship between stimulant use and internet addiction. Sharing literature showing increased risk of internet addiction among people taking stimulants to treat their ADHD vs people diagnosed with ADHD who are not on medication would be a start here. Prof Carr suggests it is a “clinically documented fact” that stimulant effectiveness is not different between people who have ADHD and those who do not. People without ADHD may find themselves more motivated and focused on stimulants, this should surprise no one. This point of these medications is to help people who are (as determined by clinicians through assessment strategies not mentioned in the podcast that amount to much more than “vibes”) suffering severely from an inability to maintain focus/motivation. Preventing/treating psychiatric illnesses writ large obviously relies on structural social changes outside of the clinic. However, evidence is very clear that stimulant medications can dramatically improve quality of life with low risk for intolerable short or long term side effects for people living with ADHD. This episode makes the work of tempering longstanding stigmatization people with ADHD and their healthcare providers face all the more challenging.
  • incrediblemulc
    i have the perfect podcast for ya
    but seriously much better than it has any right to be. you may not think economic pilpul is your bag baby but these kooks are fascinating a nd somehow evdn fun
  • ttcbj
    Perfect hosts
    They like to say they “have the perfect guest”, and the secret of the show is that they so often do. The interviews are so insightful, interesting, and varied. I listen to several other interview podcasts, and this is the one that almost never disappoints. I rarely miss an episode, and highly recommend it.
  • #jamesnelsonnyc
    Great content!
    Love how Joe and Tracy go deep into the subject matter. Thank you for a great show !
  • anna clarice
    Entitled and truly annoying hosts
    I couldn't even get through an episode. They are always interrupting the guest and honestly the host's perspectives are simply not compelling or thought out.
  • D-adds
    More on CRE, please
    Rich Hill had clear thoughts. I long podcasts. This one too short!
  • rawbits
    Super episode on Hamilton and industrial policy
    Let’s have more of that ! (But almost every episode is a winner…)
  • jayhay0
    Great show
    Love the episodes on finance and banking especially!
  • Troy234ty
    Amazing work
    Joe and Tracy are awesome hosts and bring in the top experts of every field they explore for news that gets almost zero coverage in mainstream media. I’ve enjoyed listening to this podcast since 2021 and it is one of my top podcasts for financial news and trends.
  • ThegCaptain
    Shipping and Trade
    Absolutely loved the latest episode with Dr Sal on shipping disruptions and Joe and Tracy’s willingness to dive deep in topics like trade. Looking forward to the much anticipated Jones Act episode.
  • thisNickNickName
    Joe is super annoying
    sorry but it’s true. Also stop interrupting your guests when they’re right about to make their point. It’s just terrible
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