Resolve Riffs Investment Podcast

David Woo: Trump’s Trade War Playbook – How to Profit From It

In this episode of ReSolve Riffs, renowned economist and strategist David Woo—CEO of David Woo Unbound and a veteran of global finance—dives deep into a multifaceted discussion on current global economic and political trends with Mike Philbrick and Adam Butler. Drawing on decades of experience at institutions like Bank of America and the IMF, Woo unpacks themes ranging from shifting U.S. trade policies and the fallout from the German election to disruptive advances in technology and evolving fiscal strategies.Topics Discussed• U.S. Trade Policy and Shifting Global Alliances: Analysis of the transition from Biden’s approach to Trump’s competitive strategy• German Election and European Economic Adjustments: Examining the impact on manufacturing competitiveness and embedded fiscal constraints• Tariffs and Trade Warfare: Insight into the deployment of steel, aluminum, auto, and reciprocal tariffs across regions• Market Rotation and Investor Flows: The dynamic shift from U.S. retail-driven buying to increased global and emerging market exposure• Fiscal Discipline and Inflation Management: Strategies to curb deficits, rein in spending, and mitigate inflationary pressures• Emerging Markets and Currency Strategies: Evaluating opportunities in emerging market local currency debt amid global real yield shifts• Technology Disruption in Cloud and Semiconductor Industries: The implications of innovations like DeepSeek and evolving AI dynamics• Japanese Economic Outlook and Structural Reforms: Assessing Japan’s monetary policy, automation, and progress in semiconductor manufacturing

Daniel Waldenström-Lifting the Bottom: A Fresh Look at Wealth and Economic Progress with

In this episode, the ReSolve team sits down with Daniel Waldenström, a professor of economics with a focus on growth and distribution. Waldenström shares his insights on a range of topics, from the impact of economic crises on societal structures, to the role of policy makers in fostering growth, and the shifting landscape of wealth inequality.Topics Discussed• Waldenström's journey into economics, spurred by an interest in societal issues and historical events, particularly the economic crisis Sweden faced in the early 90s• The importance of understanding both the size of the economic pie and its division, and how this realization shaped Waldenström's book, 'So Richer and More Equal'• The role of policy makers in fostering growth and the common pitfalls they face, particularly in Europe• The impact of the Swedish economic crisis in the late 80s and early 90s, centered around real estate and loose lending standards by Swedish banks• The evolution of wealth distribution over time, with a focus on the shift from a wealth concentration in the hands of a few to a broader dispersion• The unique case of wealth inequality in the U.S., and how it differs from trends in other Western economies• The role of educational systems, labor laws, and trade unions in raising people's productivity and income levels• The impact of asset price appreciation on wealth inequality, and how this has played out differently in the U.S. and Europe• The role of income and income distribution in wealth inequality, and the implications of capitalization of income• Waldenström's policy prescriptions based on his research, offering a positive view of capitalism and human ingenuityThis episode is a must-listen for anyone interested in understanding the dynamics of economic growth, wealth distribution, and the role of policy in shaping these outcomes. Waldenström's insights provide a nuanced perspective on these complex issues, offering valuable strategies for navigating the ever-changing economic landscape.

Warren Mosler: Unraveling the Mysteries of Modern Monetary Theory

In this riveting episode, the ReSolve team converses with Warren Mosler, a prominent economist and theorist in the field of Modern Monetary Theory (MMT). The conversation is enriched by the presence of Richard Latterman, a portfolio manager at Resolve, who is keen on gaining insights on policy and economics. The discussion dives deep into the evolution of economics, the departure of MMT from classical economics, the impact of interest rates on inflation, and the intricacies of the banking system.Topics Discussed• Warren Mosler provides an introduction to Modern Monetary Theory and how it deviates from classical economics• The discussion delves into the order of operations in economics, with a focus on the concept of 'spend before taxing and borrowing'• Exploration of the role of the U.S. government in the creation of dollars and the implications of this process• Discussion on the fear of removing the scarcity constraint or the scarcity mindset in economics• Analysis of the impact of interest rates on inflation, challenging conventional economic wisdom• Understanding the concept of continuous change in the price level under floating exchange rates• The conversation delves into the complexities of the banking system and the role of regulations and compliance• Warren Mosler shares his views on the potential impact of certain policy suggestions on the current economic system.• The discussion concludes with Warren Mosler sharing his non-consensus views on investment and asset allocation.This episode is a treasure trove of insights for anyone interested in understanding the nuances of Modern Monetary Theory, the impact of interest rates on inflation, and the intricacies of the banking system. Warren Mosler's insightful views challenge conventional economic wisdom and provide a fresh perspective on the evolution of economics and economic policy.

Return Stack Anything: Portable Alpha with RSSB

Finding alpha is notoriously difficult.Instead of trying to pick stocks better, what if you simply added the return of high-conviction, alternative strategies on top of your asset allocation?That’s the opportunity portable alpha unlocks for allocators.Join us for an exclusive webinar where we reveal how capital-efficient ETFs can be used to “port” the returns of any alternative investment on top of your asset allocation.In this educational session, we will:Explain what portable alpha is, where it came from, and what problems it solves for allocatorsDemonstrate how the Return Stacked® Global Stocks & Bonds ETF (RSSB) enables anyone to implement portable alphaDiscuss key considerations in running a portable alpha approachProvide a live demonstration of how investors can evaluate different portable alpha ideasPerfect For:Investment professionals seeking to enhance their portfolio construction toolkit.Advisors looking to provide better diversification solutions for their clients.Advisors looking to introduce unique sources of alpha for their clients.

John Skrentny: STEM Burnout and the Future of US Scientific Innovation

In this episode, we delve into the world of STEM education with John Skrentny, a professor of sociology at UC San Diego. We discuss the current state of STEM education, its implications for the future workforce, and the intersection of technology, policy, and societal needs.Topics Discussed• The importance of STEM education and the common misconception that more STEM graduates equate to more innovation• The comparison of STEM job opportunities in different countries, with a focus on the United States and Japan• The exploration of the reasons why many STEM graduates choose to pursue careers outside of their field of study• The discussion on the perceived shortage of STEM graduates in the job market and the behaviors of employers• The impact of technological advancements, particularly AI, on the demand for STEM skills• The importance of developing a wide range of skills for career longevity and adaptability in the rapidly changing job market• The exploration of the role of universities in providing continuous education and training for a diverse range of careers• The discussion on the value of humanities in the context of technological advancement and societal needsThis episode provides valuable insights into the complexities of STEM education and its role in shaping the future workforce. It is a must-listen for anyone interested in education, technology, and the future of work.