- alle zwei WochenErscheinungsrhythmus
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- 21. Okt.letzte Folge
Marvin Barth of discusses the thematic investing and the Themes driving markets with Mark Farrington of the Global Watchtower, with and without guests as the occasion demands.
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Episode 025: Conversation with John Cochrane
Introduction In this episode of Thematic Edge, Marvin Barth and Mark Farrington are joined by John Cochrane, Senior Fellow at the Hoover Institution, former Professor of Finance at the University of Chicago Booth School of Business and auth
Episode 024: Crisis in Europe
Introduction The European crisis that Marvin Barth and Mark Farrington have long warned of appears to have begun…while Marvin and Mark were focused on the “mother of all resolution windows” in the US ahead of the US midterm elections, the A
Episode 023: Noise awaiting signal
Introduction In this episode of Thematic Edge, Marvin Barth and Mark Farrington revisit the “resolution window” stretching from the summer through the US midterm elections examine what market signals we’ve gleaned so far. They assess the la
Episode 022: Competition for capital
Introduction In this episode of Thematic Edge, Marvin Barth and Mark Farrington reunite to examine what is really driving the rise in sovereign bond yields around the world. Their central argument is that the move is bigger than fiscal poli
Episode 021: Alexander Stahel & Russia's endgame
Introduction In this episode of The Thematic Edge, Marvin Barth and Mark Farrington speak with Alexander Stahel, Chief Investment Officer of Burggraben Holdings and author of The Commodity Compass, about an emerging crisis in global petrole
Episode 020: Sintra, forward guidance & the dollar
In episode 020 of Thematic Edge, Marvin Barth and Mark Farrington consider the broader implications of the European Central Bank’s retreat in Sintra, Portugal where there seemed to be shift in global central bank philosophy led by new Fed C
Episode 019: "Macro Crypto" with Arthur Hayes
In this episode of Thematic Edge, Marvin Barth and Mark Farrington sit down with Arthur Hayes to explore one of the most important questions in crypto today: what ultimately gives Bitcoin value? While all three agree that liquidity, monetar
Episode 018: Fed regime change
In this episode of Thematic Edge, Marvin Barth and Mark Farrington examine whether central banks are finally being forced to confront a changing inflation regime. They argue that policymakers have been too willing to look through supply sho
Episode 017: "Mark"ing to market: Iran & China views
In this episode of Thematic Edge, Marvin and Mark examine the evolving Iran conflict, the shift in US strategic thinking, and the emerging logic of trying to “make business not war” amid Global bifurcation (https://thematicmarkets.com/theme
Episode 016: Fed independence
In this special episode of Thematic Edge, recorded around the Hoover Institution Monetary Policy Conference at Stanford University, Marvin Barth explores why the greatest risks to Federal Reserve independence may be the Fed’s own policy err
Episode 015: US & Fed outlook with Danny Dayan
In this episode of Thematic Edge, Marvin Barth and Mark Farrington are joined by Danny Dayen for a wide ranging debate on inflation, monetary policy, and whether the Federal Reserve is now behind the curve. The discussion begins from an unu
Episode 014: Iran blockade
A detailed and at times sharply contested discussion on the strategic direction of the Iran conflict following the collapse of US-Iran peace talks and what it means for markets (recorded at noon London time on 13 April). In this episode, Ma
Episode 013: Iran strikes credit with Zoso Davies
This week Mark Farrington (https://substack.com/profile/31865492-mark-farrington) and I are joined by Zoso Davies (https://substack.com/profile/203366448-zoso-davies), formerly Managing Director in European Investment Grade Credit Research
Episode 012: Doomberg - Strategic implications of the Iran war
A sharp and wide-ranging discussion on the strategic consequences of the Iran war. In this episode, Doomberg (https://substack.com/profile/35017257-doomberg) joins Marvin Barth and Mark Farrington (https://substack.com/profile/31865492-mark
Episode 011: Iran implications with Erik @YWR
How could the Iran conflict reshape global markets, China risk premiums and emerging market capital flows? Marvin Barth and Erik (https://substack.com/profile/15926408-erik) @YWR discuss geopolitics, uncertainty and the investment implicati
Episode 010: Forest fire insurance
Forest Fire Insurance explores how risk truly builds in financial systems and why volatility is not the enemy it is often portrayed to be. Marvin Barth and Mark Farrington are joined by David Dredge, CIO of Convex Strategies, to unpack the
Episode 009: Trump 2.1 shock
Unfortunately, the audio for this episode was terrible, so in addition to the time-stamped table of contents, a full, edited transcript is included below. In this episode, Marvin Barth and Mark Farrington reflect on a sequence of events tha
Episode 008: Nigeria in focus
Nigeria is the largest economy and population in Africa, is abundant in natural resources, is an emergent cultural and technology center, and increasingly a regional manufacturing hub. Senator Ede Dafinone of Delta Central State (the main o
Making sense of Venezuela with David Kilcullen
The Thematic Edge opens 2026 with its first guest, David Kilcullen, retired Australian Army colonel, intellectual architect of both the “Surge” in Iraq and Afghanistan, and the world’s foremost authority on counterinsurgency. Colonel Kilcul
Episode 006: Fed reform & US National Security Strategy
After a brief hiatus, the Thematic Edge is back! In the first half of this week’s episode, Mark queries me on Fed reform, a consistent theme of senior Trump officials that hasn’t received sufficient attention given its immense implications:
Episode 005: Forward guidance’s end
A very lively discussion this week that goes on a bit longer than usual as Mark & I get into a disagreement over the implications of Chinese gold-backed stablecoins. But before the fireworks, Mark & I review what President Trump achieved at
Episode 004: Officialdom grudgingly accepts stronger data
This week, Mark Farrington (https://substack.com/profile/31865492-mark-farrington) and I discuss what I learned from the semiannual World Bank-IMF meetings last week in Washington. Where do both policymakers’ and markets’ center of gravity
Episode 003: Good & bad government interventions
This week Mark and I discuss how “we’re all state capitalists now” but that both new Japanese Prime Minister Takaichi and US President Trump make an error when they try to include central banks in that effort. We discuss what markets are mi
Episode 002: The Fed fumbles, BoJ pauses, & "dollar gamma" awaits
Mark and I covered a lot in this episode. We start with a quick recap of the Bank of Japan meeting Friday and the Federal Reserve meeting two days earlier. But we spend most of our time discussing a new piece by Mark, Dollar upside gamma: S
Episode 001: Introducing the Thematic Edge
Mark Farrington of the Global Watchtower and I have kicked off our own podcast on the Themes driving markets. Mark was practicing thematic investing as a portfolio manager long before it became a “thing” and a thematic approach to analysis
