Finance & Business Videos

Professor Mark Blyth and Professor Adam Tooze explore how coronavirus is laying bare the hidden risks embedded within our financial systems and how central banks worldwide are scrambling to paper over those chasms of danger. They discuss the ongoing pandemic as the ultimate hidden black swan risk, and how the hyper-optimization of the global supply chain is actually a big threat to order and stability, because once one link in the chain gets dislodged, it takes the whole chain with it. Professor Tooze and Professor Blyth analyze the remarkably grim unemployment numbers, which Professor Tooze sums up as “an order of magnitude worse than anything in the previous economic record.” They also look at the recent unprecedented oil shock. Professor Blyth views the entire crisis through the lens of renowned author Nassim Taleb. Mark Blyth is the William R. Rhodes ’57 Professor of International Economics and Professor of Political Science and International and Public Affairs at Brown University. He is the author of “Austerity: The History of a Dangerous Idea” and the upcoming book “Angrynomics” with Eric Lonergan. Adam Tooze is the Shelby Cullom Davis chair of History at Columbia University and serves as Director of the European Institute.

Professor Mark Blyth and Professor Adam Tooze explore how coronavirus is laying bare the hidden risks embedded within our financial systems and how central banks worldwide are scrambling to paper over those chasms of danger. To them, it seems that the Federal Reserve has rewritten its remit, and they discuss how rather than try and keep prices stable or keep unemployment low, the sole focus of the Fed right now seems to be supporting asset prices at any cost, even if that means bailing out leveraged entities who took on too much risk. They also discuss Europe and how this crisis is heightening the contradictions within the Eurozone and pushing the European banking system to the brink. Filmed on April 22, 2020.

Roger Hirst and Sherry Madera, Chief Industry and Government Affairs Officer at Refinitiv, talk about how Europe and its leaders are dealing with the crisis. Only a few weeks ago, Corona Bonds were all the talk of the town, but now this has gone very quiet. Are they still an option or have the Governments moved away from this idea?

Pedro da Costa and Dr. Adam Posen of The Peterson Institute for International Economics debate the efficacy of US policy response to the COVID-19 crisis. Including, whether the US is ready to reopen and if the cure, total lockdown, is worse than the disease.

Trends in global Integration, free trade, openness, and international cooperation had been slowing or reversing long before COVID-19, but will this global shock be the final nail in the coffin? Pedro da Costa and Dr. Adam Posen of The Peterson Institute for International Economics examine how deglobalization has accelerated in the wake of COVID-19.

Pedro da Costa and Dr. Adam Posen of The Peterson Institute for International Economics discuss the changes to consumer psychology, fiscal and monetary policy, and to the structure of the global economy that they believe will persist once we are done with the crisis.

Pedro da Costa and Dr. Adam Posen of The Peterson Institute for International Economics discuss how COVID-19 is affecting European politics. They examine everything from Brexit, to the potential for joint Euro bonds and even the potential for southern European countries like Italy to leave the EU.

The Intersection is a series of humanizing questions that we ask all of our guests here at Real Vision. Is there one person you would want to interview more than anyone? What is the book or books that have changed how you view the world? As an individual and as a leader in your field, how do you stay engaged and relevant in a world that is moving so quickly? Some of our guests can tie their success to one key breakthrough. Can you identify such a tipping point in your career? Can you identify the failure that had the most significant impact on your life? Who is a person you admire and why? What view do you hold that is most controversial in your professional life?

The exact origins of COVID-19 are still a major source of debate, but one thing almost everyone agrees on is that its geographic origins are in China. This means China may be further along in the lifecycle of the crisis. Pedro da Costa and Dr. Adam Posen of The Peterson Institute for International Economics take a close look at the fallout in China what this may foreshadow for the rest of the world in terms of reopening.

With every day of lockdown and every dollar of stimulus, policy and markets are becoming more and more intertwined. That is why Pedro da Costa has been conducting a series of interviews with central bankers, policymakers, and the economists who inform their views. Pedro continues this series with Dr. Adam Posen, president of the Peterson Institute for International Economics. Together they examine the efficacy of the current fiscal and monetary policy response and how this crisis is affecting globalization, emerging markets, and the state of the European Union. Filmed on April 16, 2020.

This week Real Vision use Refinitiv's best-in-class data to look at the inflationary and deflationary pressures that are impacting global economies. Can money printing manufacture inflation, or is this a true deflationary shock? Inventories will build and supply chains will be disrupted, creating dislocations in both directions, but the underlying economic fragility that existed pre-crisis may force consumers and corporates to de-lever their balance sheets.

In this clip, Raoul and Peter analyze what certain charts are indicating about the future of rates. They take a deep dive into Eurodollar futures, U.S. rates, Euro rates, as well as interest rates around the world. Peter Brandt describes how he looks for trades where leveraged players who took on too much risk are looking to unload their positions and are actually offering the negative carry.

In this clip, Peter and Raoul analyze what’s going on in the markets for gold and bitcoin. Peter analyzes the recent short positions of commercial players as something that could actually be positive for the gold market. Raoul also lays out the bullish view of bitcoin, which Peter accepts with a few caveats.

Peter Brandt, Founder of Factor LLC, speaks to Real Vision CEO, Raoul Pal, about the dramatic price action he’s witnessing in equities. A veteran technical analyst, Brandt tells Pal about the charts on his radar and how they are informing his investing perspective. Brandt describes the head and shoulders pattern he sees in the S&P 500, and analyzes the recent retail sales data. Raoul and Peter then analyze what a retracement could look like if the negative macro scenario continues.

Peter Brandt, Founder of Factor LLC, speaks to Real Vision CEO, Raoul Pal, about the dramatic price action he’s witnessing in commodities and currencies. A veteran technical analyst, Brandt tells Pal about the charts on his radar and how they are informing his investing perspective. He analyzes the charts of commodities such as corn, wheat, livestock, and sugar to estimate the probabilities and establish a macro view. Raoul then discusses how he interprets these chart patterns through the lens of dominant market narratives and shares how they are informing his macro framework.

In this interview, Peter Brandt, Founder of Factor LLC, and Real Vision CEO Raoul Pal ,analyze the dramatic price action of a wide array of currencies, including the Euro, Japanese Yen, Chinese Yuan, and Brazilian Real, and of course, the U.S. Dollar. Raoul and Peter analyze why the positioning in these markets is so extreme, and why the strength of the U.S. Dollar has Emerging Markets scrambling on the back foot.

Roger Hirst and Dave Puchowski, Refinitiv’s Director of Market Analysis, talk about how things have changed in the loans and credit space during these extremely uncertain times. When they previously spoke, they outlined how the loan and credit market volumes had dried up. How is this market looking now and what can we expect in the near future?

Peter Brandt, Founder of Factor LLC, speaks to Real Vision CEO, Raoul Pal, about the dramatic price action he’s witnessing in equities, commodities, currencies, gold, and bitcoin. A veteran technical analyst, Brandt tells Pal about the charts on his radar and how they are informing his investing perspective. Raoul discusses how he interprets these chart patterns through the lens of dominant market narratives and shares how they are informing his macro framework. Filmed on April 15, 2020.

Roger Hirst and Garett Lim, Refinitiv’s Solutions Director in ASEAN, talk about Singapore’s policy response compared to other regions and countries. After some initial success, the infection rate in the country has picked up dramatically, which has led to a swift response from the government.

Dr. Thomas Hoenig, distinguished senior fellow at George Mason University’s Mercatus Center, joins Pedro da Costa, columnist at MarketWatch and Forbes, to discuss Dr. Hoenig’s experience as former chief executive of the Kansas City Fed and former vice chairman of the Federal Deposit Insurance Corporation (FDIC). Drawing upon his experience as a voting member of the Federal Open Market Committee, the Fed’s principal organ for making large asset purchases, Dr. Hoenig discusses the current extreme measures that the Fed is taking in order to support asset prices during this unparalleled exogenous shock that the quarantine has inflicted on markets. They explore how large the Fed’s balance sheet could get and what a sustained zero-interest policy will mean for investors, workers, and employers.