Episode Details

On this special edition of the podcast, Host Craig Jeffery interviews coauthor Kevin Coldiron on the book, The Rise of Carry: The Dangerous Consequences of Volatility Suppression and the New Financial Order of Decaying Growth and Recurring Crisis. Coldiron provides examples of and arguments that explain how the use of carry trades and the impact that excessive financial backstopping of natural volatility invariably creates greater volatility for all market participants and the global economy. This rapid growth of carry trades will inevitably lead to faster and deeper corrections that reflect an increasingly distorted market. Listen in as they discuss the concept of carry and its historical and looming consequences.