Central Banking 101 w/ Joseph Wang (MI190)

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.
☕ Get the freshest roasted and ethically sourced beans from America’s best local roasters with Trade Coffee. Plus, a total of $30 off your first order and free shipping - that’s more than 40 cups of coffee for free! To get started, take the quiz at drinktrade.com/TIP, and start the journey to your perfect cup.
✔️ Subscribe to Millennial Investing podcast show: link.chtbl.com/MI190
🖊️ Access our free show notes and transcript here: www.theinvestorspodcast.com/m...
📖 BOOKS MENTIONED:
- Central Banking 101 by Joseph Wang: amzn.to/3R2g0jJ
Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀
▶️ RELATED EPISODE:
- (MI186) Ray Dalio’s Long-Term Debt Cycle w/ Clay Finck: www.theinvestorspodcast.com/m...
- (MI161) Building a Balanced Portfolio w/ Dan Rasmussen: www.theinvestorspodcast.com/m...
💡 OTHER RESOURCES
- Joseph’s Website: fedguy.com
- Robert and Clay’s tool for picking stock winners and managing our portfolios, TIP Finance: www.theinvestorspodcast.com/t...
- Check out our Investing Starter Packs about business and finance: www.theinvestorspodcast.com/m...
⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤
LISTEN 🎧 TO OTHER SHOWS FROM OUR NETWORK:
₿ If you're interested in Bitcoin, checkout our Bitcoin Fundamentals podcast show: • ⚡️ Bitcoin Fundamentals 🔑
📚 Dive into value investing and learn more about billionaires with our We Study Billionaires podcast show: • 💰 We Study Billionaires 🥇
🏘 Learn the ins and outs of real estate investing with our Real Estate 101 podcast show: • 🏠 Real Estate 101 💵
💸 Get introduced to the world of investing with our Millennial Investing podcast show: • 💸 Millennial Investing 🎯
⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤
FOLLOW US ON SOCIAL MEDIA📱:
💻 Facebook: / theinvestorspodcast
👔 Linkedin: / the-investor's-podcast
🐦 Twitter: / tip_network
⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤
📥 Download Stig & Preston's 1-page checklist for finding great stock picks: www.theinvestorspodcast.com/f...
⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤
❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.

[@TheInvestorsPodcastNetwork]

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💭 IMPORTANT: Please beware of cyber scams & phishing attacks. We have received reports of fake accounts claiming to be affiliated with The Investor's Podcast Network or posing as one of our hosts. Please help us report those suspicious accounts. We will never reach out to you for any business or investment opportunity. Stay vigilant!

[@kingzion3032]

Good job guy

[@sporedney]

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

[@TheInvestorsPodcastNetwork]

Thanks for tuning in!

[@bradkaral1188]

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.

[@michaelorourke7254]

Enjoyed the podcast tremendously. Very enlightening

[@TheInvestorsPodcastNetwork]

Glad you enjoyed it!

[@eikoGoldstein]

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

[@JosephElfassi]

Amazing interview!

[@TheInvestorsPodcastNetwork]

Thank you so much, Joseph!

[@TheLiquidityHunters]

Your mic has too much bass I can barely understand him

[@shushanto]

I think Wang just has a really ordinary, thin voice. Especially compared to the radio host, who has some lovely reverb in his voice. Very rounded out.