Odd Lots

How a Vibecoded Newsletter Is Making the Hay Market More Transparent

The hay market is not a transparent market: It is very fractured by types of hay, whether it is alfalfa or clover hay. There are a few opaque, illiquid markets like this — scrap metal for instan...

2026-06-12

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Why Tomatoes Are the Most Expensive They've Been in Four Decades

In April, the price of tomatoes was around $2.69 per pound — the highest seen in some four decades. And tomatoes aren't the only food getting more expensive. From cauliflower to lettuce, fresh p...

2026-06-11

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How CoreWeave Sees the Market for Compute Right Now

When we last spoke to Brannin McBee, the co-founder and chief development officer of cloud company CoreWeave, his business was not yet public and sourcing GPUs was a key constraint on growth. But thre...

2026-06-08

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Why Susquehanna Is Building a Prediction Markets Business

Prediction markets that enable you to bet on pretty much everything are everywhere nowadays. But there's still a big question over whether they can expand to include larger institutional investors lik...

2026-06-06

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Inside Hudson River Trading's Blistering Token Burn

Today’s episode, which was recorded at our recent live show at New York’s City Winery, follows up on a conversation we had with Iain Dunning, head of AI at Hudson River Trading. Last year,...

2026-06-05

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Goldman Sachs CEO David Solomon on Running a Bank in the Age of AI

There's a lot of debate about the future of AI — not just whether it will produce the returns investors are expecting, but also if AI will lead to mass worker displacement. Big banks are the per...

2026-06-04

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The Hidden Plumbing of Commodity Finance

We talk about the commodity supply chain all the time. We talk about the ports and the trucks and the ships and all of that. But there's another dimension to moving commodities all around the world, w...

2026-06-01

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How the Invention of Rope Gave Us Modern Civilization

Rope is easy to take for granted. It seems obvious and straightforward. But of course, it had to be invented. Early humans discovered that by twisting fibers around each other, the resulting structure...

2026-05-30

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Gita Gopinath on Why Interest Rates Have Surged All Around the World

There's been a massive selloff in the bond market and rates are rising all around the world. Japan, Korea, the UK... You name it. Gita Gopinath, Harvard economics professor and the former first deputy...

2026-05-29

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Brendan Greeley on the Real 500-Year History of the Dollar

We love talking about money. And of course, we love talking about the dollar, in all its varieties — from bank deposits to eurodollars to stablecoins. But what fundamentally is a dollar and who ...

2026-05-28

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What It Takes to Run One of London's Most Popular Pubs

As our listeners know, restaurants are great microcosms for macro-economic trends. They sit at the intersection of everything from consumer confidence to commodity costs to the labor market. So on our...

2026-05-25

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Architect Norman Foster on Why the West Struggles to Build Big

Not many people think of designing buildings as an exercise in economics, but the entire process is defined by constraints around resources (both physical and financial), and an iconic building can al...

2026-05-23

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'The Assassin' Fahmi Quadir on How to Survive as a Short-Seller

A short seller is a gumshoe who roots out a particular story about a specific company and brings it to light. And Fahmi Quadir, the founder and CIO of Safkhet Capital, has been labeled "The Assassin" ...

2026-05-22

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Why Cerebras CEO Andrew Feldman Built The World's Largest Computer Chip

Size is the name of the game for the AI chipmaker Cerebras: Their chips are truly massive, about the size of a dinner plate. According to Andrew Feldman, CEO and founder of Cerebras, that is about 58 ...

2026-05-21

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Deutsche Bank's Ozan Tarman and Aditya Singhal on Understanding the Macro Risks

It is hard to have a markets conversation that isn't out of date within a minute or two. But we think this one, with Ozan Tarman and Aditya Singhal of Deutsche Bank, is basically evergreen. This conve...

2026-05-19

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Why the Price of Oil, Beef, Electricity, and Everything Else Makes No Sense

Whether it's the price of a barrel of Brent crude or a pound of beef, it's clear prices are skyrocketing for all kinds of goods and commodities. Price shocks and shortages are, if anything, the way co...

2026-05-18

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Stripe's John Collison on How Agentic Commerce Will Reshape the Internet

The internet is made for shopping. For years, the main inputs for e-commerce transactions involved targeted ads, algorithmic recommendations, SEO, and lots of mindless scrolling. But agentic commerce ...

2026-05-16

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Why SocGen's Albert Edwards Sees Double-Digit Inflation Coming Back

Making a long career as a bear at a sell-side institution is tough. Generally financial markets have done quite well which means forecasting doom and gloom is, usually, only tenable for so long. Which...

2026-05-15

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Martin Wolf on the 'Terrifying' Superpower That the US Wields

Last year, when we talked to Martin Wolf, the global order seemed like it was being upended after President Trump unveiled his sweeping tariffs against nearly every US trading partner. A lot has happe...

2026-05-14

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Samanth Subramanian on the Undersea Cables That Keep the Internet Alive

In 2006, then-Senator Ted Stevens coined an infamous term for how to understand the internet: It's a "series of tubes." The funny thing is, that's a fairly accurate description. Underneath the world's...

2026-05-13

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Odd Lots

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