VOL09: The Magical Properties of Money ft. David Orrell

Published: Jan. 26, 2022, 4:56 a.m.

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Hari Krishnan is joined today by David Orrell, to discuss the problems with using physics analogies on financial markets, the cause and effects of price impacts, David\\u2019s new book: \\u2018Money, Magic, and How to Dismantle a Financial Bomb\\u2019, the magical properties of money, how sentiment drives price although it is so unpredictable in nature, the similarities between weather forecasting and economics, the sustainability of money creation by central banks, and some thoughts on cognitive interference.

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In this episode, we discuss:

  • How quantum physics relates to financial markets
  • The mechanics behind price impacts
  • David\\u2019s new book, coming out soon
  • The magical characteristics of money
  • The power and unpredictability of sentiment
  • Weather and how it relates to financial markets
  • Central bank money creation and how effective it can be
  • Cognitive interference

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Episode TimeStamps:

00:00 - Intro

02:54 - Can you give us some conclusions from the research you\\u2019ve done on weather forecasting?

04:33 - Is the notion of the economic system as being something that\\u2019s mechanistic and can be controlled flawed, and if so, how?

07:12 - Do you look at different economic models and aggregate the data?

12:46 - Is there a way to limit the momentum effects of passive investing on the markets?

17:41 - Can you explain how quantum physics'