Macro Hive Conversations With Bilal Hafeez

Paul Krake is an investor, strategist, and independent researcher with three decades across macroeconomics, policy, and capital markets. In 2011, he founded the research platform View from the Peak after macro roles at Corus Capital, Caxton Associates, Moore Capital, Goldman Sachs, and Macquarie Bank. In this podcast, we discuss:
The "Post-Cyclical" Economy
The Reduction of Economic Friction
Margins vs. Labour Share
The Path to 10% Unemployment
The "Lucas Tree" Multiple Problem
Golden Age of Equity Investing
The "55-Year-Old Man" Advantage
Advice for Graduates: Atoms vs. Bits

Eric Beinhocker is a professor at the University of Oxford's Blavatnik School of Government and the founder and executive director of the Institute for New Economic Thinking at the Oxford Martin School (INET Oxford), a research center dedicated to applying innovative economics to major societal challenges. He is also Chairman of the Science Board at the Santa Fe Institute. Prior to his academic career, Beinhocker spent three decades as a technology entrepreneur, venture capitalist, and consultant to Fortune 500 companies. He is the author of The Origin of Wealth: The Radical Remaking of Economics and What It Means for Business and Society. 

The Collapse of Neoliberalism
The "Market Humanism" Synthesis
From Homoeconomicus to Homo Sapiens
Markets as Evolutionary Engines
Value as Problem-Solving
The Structural Reality of Inequality
"Middle-Out" vs. "Trickle-Down" Growth
The State as a Market Shaper
Macrocosm: Modelling the Economy with AI
Human Skills in the Age of AI

Marvin Barth is the creator of Thematic Markets and Seriously, Marvin?!. Thematic Markets is rigorous, institutional-quality research aimed at market professionals, while Seriously, Marvin?! presents more accessible takes on contrarian musings Marvin doesn't have time to research at Thematic Markets. Both publications benefit from the uniquely broad perspective on the global political economy Marvin has gained from a three-decade career spanning nearly every asset class, academia, central banking, finance ministry, and international institutions. This includes working at Barclays Investment Bank, Citi, the Federal Reserve Board, the U.S. Treasury Department, and the Bank for International Settlements. 
The Localisation Thesis
Manufacturing vs. The AI "Bubble"
The Labour Disconnect (Poetry vs. Welding)
Trump 2.0: Preparedness and Instincts
The Iran War and American Exceptionalism
The Fed's "Neutral Rate" Error
The Rise of Kevin Warsh
The Brexit Reality Check
Andy Burnham: The "Low Delta Call Option"

Dr Clarida is a managing director and global economic advisor at PIMCO. Prior to rejoining PIMCO in 2022, he was the firm's global strategic advisor from 2006 to 2018. He served as Vice Chairman of the Board of Governors of the U.S. Federal Reserve System from September 2018 to January 2022. Richard is also Professor of Economics and International Affairs at Columbia University. Before joining PIMCO in 2006, he was Assistant Secretary of the Treasury for Economic Policy, in which he served as chief economic advisor to two U.S. Treasury Secretaries. Earlier in his career, he was with Credit Suisse and Grossman Asset Management. He has 26 years of investment experience and holds a PhD and a master's degree in economics from Harvard University. He received an undergraduate degree with Bronze Tablet Honors from the University of Illinois. In this podcast, we discuss:
Clarida's Macro Origin Story
Global Economic Resilience
The AI Capex Boom
Labour's Declining Income Share
The "Warsh Fed" Doctrine
Revisiting Forward Guidance
AI's Impact on Productivity and R-star
The Era of Global Fragmentation
Optimism for the Next Generation 

You can follow Richard on LinkedIn as well as the PIMCO website.

Brendan Greeley has spent twenty years as a journalist, covering economic and monetary policy. He was the US economics editor at the Financial Times and continues to write a regular column there. Before that, he was a staff writer for Bloomberg Businessweek and The Economist, as well as an anchor and correspondent for Bloomberg TV. He has also written for The New York Times, The New York Times Magazine, and The Wall Street Journal Europe, and received a New York Press Club Award for special event reporting. Brendan graduated from Tulane University with honours in German. He is currently completing a PhD in financial history at Princeton University. In this podcast, we discuss:
The "Ancient Dollar's" Bohemian Roots
Skepticism of Monetary Sovereignty
The Constitutional Shift to Private Banking
Nationalising Money via the Civil War
The Primacy of Federal Deposit Insurance
Endogenous Money: How Banks Create the Dollar
The Rise of the Offshore Eurodollar Market
Stablecoins as "Schmanks" (Unregulated Banks)
Career Longevity and the "Turn-Taking" Marriage