Remove Concentration Remove Economics Remove Forecasting Remove Foreign Exchange
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Transcript: Bill Dudley, NY Fed Chief

Barry Ritholtz

You get an economics PhD from California, Berkeley in 82, and around the same time you become an economist at the Federal Reserve Board from 81 to 83. But, but, you know, we, I focused mostly on fixed income and foreign exchange. But those forecasts are, you know, not particularly reliable.

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Transcript: Kenneth Tropin

Barry Ritholtz

That’s the foreign exchange markets, and to some extent, commodities. TROPIN: I mean, you know, there were equity hedge funds that were pretty levered, that had pretty highly concentrated, you know, growth bets, and a lot of technology companies and so on. So you know, that’s fixed income markets. TROPIN: Yeah.