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Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance and economics.
It’s been 10 years since the start of the credit crunch that eventually led to the global financial crisis. For many investors, the events of 2007 to 2008 shook their entire understanding of how markets, finance and economics are actually meant to work.
On this edition of Odd Lots, we speak with Mark Dow, a global macro trader and financial blogger who was an economist at the U.S. Treasury and International Monetary Fund. Dow walks us through the most important lessons that investors should have learned from the crisis, including why central bank stimulus efforts haven’t had as much of an effect on the real economy and why oil matters much less to the world than it once did. We also take a brief interlude to learn how a macro manager analyzes U.S. jobs numbers as they come out.