Today, I would like to talk about how the Fed went broke, but before we do, and perhaps to sort of like create a foundation for everyone, perhaps we can zoom out and if I can ask you to explain what is on the assets and liability side on the Fed balance sheet, and then perhaps we can talk about how that is similar to how a commercial bank running their balance sheet. Stig Brodersen: Well, thank you for saying so Lyn, and let’s just jump right into it. I think that’s one of the best parts about it is the broad set of perspectives. I’m a big fan of your show and multiple of the different shows your network does. It’s always a lot of fun whenever you’re here. So I hope we can increase that percentage as we go along. Stig Brodersen: I mean, can you believe it? So I don’t want to do the numbers but I don’t know 2% ish? sounds about right, with you on the show. As we chatted about just before we started the show, this is the 11th time that you are on our show and this is episode 533. You just know you’re going to be in good company whenever Lyn is here. I’m your host, Stig Brodersen and I’m here with Lyn Alden. Stig Brodersen: Welcome to The Investor’s Podcast. We keep you informed and prepared for the unexpected. Intro: You are listening to The Investor’s Podcast, where we study the financial markets and read the books that influence self-made billionaires the most. Stig Brodersen: Lyn Alden is always a wealth of knowledge, and I hope you’ll enjoy the conversation as much as we did. We then transitioned into a discussion of how to build a portfolio in a challenging macro environment and whether we should optimize for happiness in the process. We discuss how the Fed went broke and analyzed the Fed’s balance sheet. Stig Brodersen: In this episode, I invited back investment expert Lyn Alden. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences. Disclaimer: The transcript that follows has been generated using artificial intelligence.
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