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Talk Your Book: Do We Need the Federal Reserve?

A podcast episode discusses the role of the Federal Reserve, TIPS versus nominal treasuries, high yield bond liquidity, and an AI model trained on Fed governor Kevin Warsh's statements.

read2 min views1 publishedJul 13, 2026
Talk Your Book: Do We Need the Federal Reserve?
Image: Awealthofcommonsense (auto-discovered)

Today’s Talk Your Book is brought to you by F/m Investments: #

To learn more about F/m Investments and our ETFs visit:

www.fminvest.com/etfs## On today’s show, we discuss:

F/m LabsInteractive Yield ChartInterest Rate Scenario Analysis- The case for TIPS over nominal treasuries in today’s environment

  • Why ZTOP only buys the largest, most liquid high yield issuers
  • Why bond investors are warier of hyperscaler debt than equity investors are
  • Building an AI model trained on Fed governor Kevin Warsh’s own words

Listen here: #

https://podcasts.thecompoundnews.com/show/animalspirits/

Charts: #

Follow us on [Instagram](https://www.instagram.com/animalspiritspod/?hl=en), and [YouTube](https://www.youtube.com/channel/UCBRpqrzuuqE8TZcWw75JSdw).

Check out our t-shirts, stickers, coffee mugs, and other swag [here](https://www.idontshop.com/).

Subscribe here:

*Nothing in this blog constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Any opinions expressed herein do not constitute or imply endorsement, sponsorship, or recommendation by Ritholtz Wealth Management or its employees. *

The Compound Media, Inc., an affiliate of Ritholtz Wealth Management, received compensation from the sponsor of this advertisement. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investing in speculative securities involves the risk of loss. Nothing on this website should be construed as, and may not be used in connection with, an offer to sell, or a solicitation of an offer to buy or hold, an interest in any security or investment product.

Disclosures from F/m Investments:

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For the most recent month-end performance, please call 1-800-617-0004 or visit our website at www.fminvest.com for more information, standardized fund performance and holdings.

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