Rational Dissent

Episode 011. Three Risks That Matter More Than Terminator AI

Looking past the sensational headlines, we analyze the measurable risks truly driving markets—from Europe's winter energy vulnerabilities and cracks in distressed corpora

Episode 010. Will the Bond Market End Humanity?

With the 10-year Treasury yield hitting 16-year highs at 5.20%, is this the return to historical normal—or the start of a market break? Chapters 00:00 - Introduction &

Episode 009. Did the Fed Get it Right?

Kevin Warsh delivered the first hike in a few years as persistent inflation bites, was it the right move? Chapters 00:00 – Introduction & FOMC Rate Hike Overview 02:3

Episode 008. One Commodity Cycle or Many?

Commodities as an asset class are rarely homogenous. Today, prices are moving together, which either reflects a structural relationship or a set of unrelated drivers arri

Episode 007. Are Yields Good Enough To Compete?

A yield is only as good as what you compare it to, right now, rates aren't promising enough for investors to want in. Chapters 00:00 - Introduction 01:46 - Determining

Episode 006. Can the Treasury Bully the Bond Market?

In a regime where financial conditions never tightened and liquidity never left, the Treasury could open its wallet the same week the Fed decides whether to hike. Is it a

Episode 005. Is Bessent Helping?

The Treasury secretary is hoping to lower yields by increasing buybacks but the effectiveness of such tools has diminished in a high inflation era. Chapters 00:00 - Tea

Episode 004. The State of the Labor Market

Shifting dynamics in the U.S. Labor Market have everyone from the Fed to recent graduates playing on their heels. Chapters 00:00 - Introduction & Labor Market Equilibri

Episode 003. Valuations in An Earnings Explosion

Is the juice worth the squeeze? Earnings keep rising, valuations are questionable, and investors are uncertain. What should you make of earnings these days? Chapters 00

Episode 002. This Is Not Your Father's Fed

Two meetings have passed under Warsh and the pattern emerging is more reserved communication, some family infighting, and an uncertain market. Chapters 00:00 - The Fed

Episode 001. Why Do Investors Expect So Much?

Investors have become accustomed to stocks returning double digits year after year. Is that the new normal? What should investors expect? Chapters 00:00 - Introduction

Rational Dissent Introduction

Hello everyone welcome to the Rational Dissent Podcast where we discuss everything from markets and the economy to the Fed and AI, and we stress test conventional wisdom