THIS TIME It’s Different…or Is It · James Fishback

EP 273 | THIS TIME It’s Different…or Is It | James Fishback
James Fishback is the co-founder and Chief Investment Officer of Azoria Partners, a global macro investment firm. Prior to Azoria, he served as the Head of Macro at Greenlight Capital, a two-billion-dollar hedge fund led by David Einhorn. He is also the founder of Incubate Debate, America’s fastest-growing high school debate league. As a former national high school debate champion and volunteer debate coach, he launched Incubate in 2019.
James was fortunate to have the opportunity to display his talent and strategies to the well-known billionaire hedge fund manager David Einhorn, which also resulted in James getting exposed to new ideas and ways of looking at economies and markets. Unwilling to repeat the same mantra commonly put out by the financial media, James presents a fresh look at why the economy and the markets have multiple silver linings.
PLEASE NOTE: Chat With Traders does not endorse any specific political viewpoint on our podcast.
Disclaimer
Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.
Topics & Timestamps:
Please note: Exact times will vary depending on current ads.
0:00 Introduction
3:12 What makes Economics interesting for James
6:18 Guessing what the Fed will do
8:16 Working with Billionaire hedge fund manager David Einhorn
12:06 Lemonhead candies as a metaphor for the markets and the economy
18:15 Is don’t fight the Fed now dead?
26:20 Why hasn’t something broken in the economy with high rates?
30:32 Global liquidity impacts on the US markets
32:35 Why the economic multiplier effect has eroded to less than 1
37:25 AI and its impacts
45:50 Universal Basic Income
51:15 Opportunities in 2024
55:45 How to reach James
Links & Resources
Twitter: / j_fishback
* NEED ACCOUNTABILITY IN YOUR TRADING JOURNEY? LEARN ABOUT THE TRADERS ACCOUNTABILITY PROGRAM BROUGHT TO YOU BY THE CWT COMMUNITY: chatwithtraders.com/community/
#chatwithtraders #stocktrading #macroeconomics

[@vuemeca]

The macro themes in this is informative

[@joshuancontrol]

Lololololololol classic James. Always alienating. Just like when we were kids.

[@DB-gj7wz]

Miss Aaron he doesn’t sound like a robot and his responses seem authentic

[@u2b83]

My issue with GPT4 is it stalls out around 80 lines of python code (when writing backtests). At this point it introduces more errors than it fixes every debug iteration. I suspect the functional lines of code is limited by depth of the transformer network (i.e. model layers, approx 150-300)

[@u2b83]

10:03 "There is a reaction function" ...EE calls this a transient, which eventually settles into steady state, classic revert-to-mean (well, moving average in approximation lol)

[@u2b83]

I've witnessed the AI order taking place at Carl's Junior the other day. They are essentially hiring migrants who can't talk to make burgers and clean. I could hear the AI convo with the drive-through in the lobby.

[@jakeadams0412]

Holy shiz this guy is unreal. Super impressive. Extremely interesting viewpoints.

[@hamisintunzwenimana8083]

General Good 1. Economics / Big Picture

[@CreativeCat333]

Long time no see.

[@jackmarston2515]

Does anyone know what happened to Aaron? The original host?

[@MahdiKnicks]

He got bored and warned out.

[@incurableromantic4006]

I think he went to work for a fund and passed the podcast on.

[@MahdiKnicks]

@@incurableromantic4006 oh ok

[@nickk9499]

Does this guy even trade ??!! He sounds like one of those over educated analysts that only gets paid to come up with 'macro ideas' haha

[@u2b83]

Fed follows the 2 year bond rates, more traders are finally starting to see that.

[@mannyahd6246]

40:14 this is supposed to be about trading - not bias politics about immigration. I stopped hearing at this point

[@chris0000924]

It's not immigration when you randomly cross the border and enter a country illegally. My parents came from Africa and followed the process legally please do NOT compare us to them

[@DB-gj7wz]

🍋 s

[@Icantfailthatshowiam]

So this podcast has nothing to do about trading,,, just his economic and political views? Nice start to the new year from chat with traders

[@chris0000924]

So you skipped over the entire video after 12 minutes

[@jackmarston2515]

Anyone else google Tessa in order to see if her looks match her voice?