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The Coming Millennial FinTech Crisis

PYMNTS

But it’s the recently published groundbreaking research by Raj Chetty, professor of economics at Stanford, and several other of his academic colleagues that finally put a pin in the fact that the generation that every brand is desperately trying to woo is, by and large, broke and is unlikely to ever attain the earnings potential of their parents.

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Transcript: Ted Seides

Barry Ritholtz

The challenge is unlike the S&P 500, hedge funds sit in a box that has underlying credit risk from prime brokers. So the credit markets froze. SEIDES: Yeah, I wouldn’t measure it in terms of economic returns. I’m sorry, I’ve never advertised for the podcast other than a couple little experiments.

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Transcript: Rick Rieder

Barry Ritholtz

ADVERTISEMENT) RITHOLTZ: So you’ve been with BlackRock since the financial crisis. But there are so many tools at your disposal, and let alone how much duration you’re taking, how much interest, how much credit risk you’re taking, illiquidity, et cetera. There are so many tools to try and outperform.