MMM Episode 42: Waning Energy, Crypto Holiday Chatter and Financial Repression by Monday Morning Minutes published on 2021-11-20T00:08:54Z Jeff Mayberry and Sam Lau spend the Friday before Thanksgiving recapping the continued weak path for energy in the markets and reviewing a light load of macro data for the week of Nov. 15-19. Sam cites speculation about tapping the Strategic Petroleum Reserve, discussed in last week’s episode*, as detracting from portions of the energy sector (2:38). Bitcoin, up about 100% on the year, was down for the week as a possible precursor to the crypto bounce that has come during holiday seasons (7:20). For the Question of the Week (14:07), Jeff and Sam break down the concept of financial repression, an intimidating moniker for a negative-real-yield scenario that functions as a tax on savers to the benefit of borrowers, particularly the government. Their deep dive includes discussion of the impact of such an investment environment (20:06) and coverage of some sectors that could provide positive returns (26:20), including a trio of previous QotW topics**: preferred stocks, closed-end funds and bank loans. Jeff and Sam close the podcast by turning to the week ahead (31:39), including whether Jerome H. Powell will be enjoying Thanksgiving as the reappointed chair of the Federal Reserve or if he will be unseated by Lael Brainard (36:50). Betting markets favored Powell at about 60-40 at the end of the week. This episode was recorded Nov. 19, 2021. *MMM Episode 41: Broad, Sticky Inflation and the Not-So “Strategic” Petroleum Reserve https://doubleline.com/podcast/mmm-episode-41-broad-sticky-inflation-and-the-not-so-strategic-petroleum-reserve/ **Questions of the Week Episode 26 Preferred Stocks https://doubleline.com/podcast/mmm-episode-26-july-26-30-recap-question-of-the-week-and-outlook/ Episode 28 Closed-End Funds https://doubleline.com/podcast/mmm-episode-28-august-9-13-recap-question-of-the-week-and-outlook/ Episode 38 Bank Loans https://doubleline.com/podcast/mmm-episode-38-boring-beige-book-interesting-loans-and-skyrocketing-breakevens/ Genre Business