20 Burst results for "Niraj"
Bankless
"niraj" Discussed on Bankless
"I mean, there's an argument that if everything becomes interoperable, it's actually the bridges that accrue a lot of the value. Right. You know what I mean? So there's that argument as well. And as I said, I don't think we actually have a definitive answer that could be given at this point in time. It's still too early. I've just given a slice of my kind of views on these sorts of things, but this is exactly why I'm personally investing in as many of the L2 kind of things as I can, because I don't know which one's gonna win. I don't know who's gonna be the market leader. And to use an analogy, up until recently, people thought that arbitrum was the market leader, right, of the L2s. They thought that arbitrum had just squashed optimism, had crushed it. But then optimism came back with this OP stack thing. They landed base, and they're getting all these people building OP stack chains now. And now suddenly everyone's changed their narrative and changed their tune. And they're like, you know, optimism's the market leader now. So this is what I mean by it's very hard to kind of pick a winner, because the winners can look like they're winning at one point, but then be like a loser at another point. Not to say that arbitrum's a loser or anything like that, but I'm saying that the rankings can change pretty quickly in this ecosystem. Except Ethereum, right, Anthony? Can we pick Ethereum as a winner? I mean, yeah, I think at this point we definitely can for, I mean, too many reasons that I don't have time for on the show, obviously. But still, there's always that kind of like, you know, less than 1% in my mind risk that Ethereum loses its kind of like market leadership. Totally, well, here's a question about ETH in particular to this idea of the risk-free rate. So here's the question from Merkleroot.eth. I love the notion of staking as the risk-free rate internet bond. But when I seriously consider staking a meaningful amount of ETH, I get stuck. Is it truly risk-free? And does the 4.2% justify the risk? The poster goes on talking about how they tried Geth and Prism. It was kind of challenging. Took 32 ETH, LSDs, there's smart contract risk, worried about staking with Lido, all of these things. So the overarching question, this idea of risk-free rate, is it truly risk-free? And 4.2%, does that justify the risk? What would be your answer to this question? I mean, I probably wouldn't consider it risk-free under any kind of capacity here. I would say if you wanna get as close to risk-free as possible, you would be a solo staker, running it all on your own, running all your own infrastructure, running your validator keys yourself and the validators yourself and everything like that. That's as close as you're gonna get. But even with that comes the risk. But the risk-free, the term risk-free is probably being used in a different context here. Because what it means when it comes to kind of like treasuries, for example, is that it's as close as you're gonna get to a security guarantee because the U.S. government is guaranteeing that kind of like that bond or that kind of like a treasury note, right? Whereas with Ethereum, if you're solo staking, the Ethereum network is gonna guarantee that as long as you follow the rules, it's gonna pay out the yield that it's supposed to pay out to you based on the network rules and based on obviously other things like fear of renew and things like that. But it's not gonna guarantee to you that you're not gonna get slashed or that you're not gonna go offline, right? And it's obviously not gonna guarantee to you there's not gonna be smart contract bugs if you're staking with Lido or Rocker Pool, whatever. So I think that the term itself probably doesn't map one-to-one. But if you wanted to try and map it one-to-one, I would say that solo staking on your own, completely on your own is the closest you're gonna get. Otherwise, yeah, there's risks with every kind of staking setup. Do you think it justifies it? Running a solo staking to get 4.2% ETH? If you feel comfortable doing it, sure. I know that people don't feel comfortable doing it for a variety of different reasons. I would say that the risks of slashing are vastly overstated. You're most likely not going to get slashed unless you're trying to actually do something malicious on the network. And going offline is not very punishing at all. It actually is very forgiving if you go offline. So yeah, I would say that generally, it's definitely worth it in my mind. And I have most of my ETH staked. And the reason why it's not all staked is because I don't have enough at times to spin up another solo validator. Obviously, you have to get to 32 ETH. And also, I want to have ETH for gas fees, obviously, as well, so keep some ETH for gas fees. Right, yeah, you know what, for me too. And by the way, this is every investor, every ETH holder will have to make their own decision and what the Euro risk profile kind of looks like. For me, it also recently crossed that threshold where I was not staking very much of my ETH, and now I'm staking the majority of my ETH. And it recently kind of crossed that threshold to me because we're like a year plus into kind of the merge and all of these things. And so I'm feeling a little bit better about it. But yeah, I will plus one what you just said, Anthony. And this term, risk-free rate, is actually like a TradFi term, okay? So in the context of ETH, it doesn't mean that there's no risk to staking. There is a slashing risk. There are other risks you have to consider. What it means in TradFi is it's generally applied to T-bills or treasuries, the US treasuries. And so if treasuries are yielding a 5% interest rate, that's considered in TradFi the risk-free rate. And the reason it's the risk-free rate is because if you're gonna invest in anything else, if you're gonna buy a property, if you're gonna invest in a stock, if you're gonna buy any kind of asset to yield a return, it better damn well be above 5% or else what? Or else you should just park your money inside of a T-bill and get that 5% yield. So that represents the risk-free rate, and then you evaluate all of your other investments and the other ways you'd spend your capital, and they would have to exceed the risk-free rate, right? And I think that is actually a helpful framing of how you should think about crypto and ETH. So if you're gonna take your precious ETH, right, and you're considering diversifying, investing in anything else, well, that investment better exceed 4.2%, the risk-free rate of Ether, if you're gonna make that investment as denominated in Ether or else what? Or else you're better off staking. And so I do think it's actually a useful paradigm, but not kind of apples to apples. You really have to understand it. It's a TradFi term. All right, takes of the week. Niraj here from CoinSetter. This was an old tweet, but I feel like it was pretty applicable on the back of the tornado cache. He says this, I'm sorry that your warrantless surveillance regime was built on the assumption that people would always need intermediaries to transact. Well said. I think our entire regime, AML, KYC, FinCEN, is all built on this stupid assumption that really falls apart. And this is why they're fighting it so hard as well. And pretty much like all the regulations are built on the assumption that these intermediaries would be custodians of the assets, right, in one way or another. And that doesn't apply to DeFi, obviously, because there are custodians that can interact with DeFi, but if you're a user and you're just castrating your own assets and playing around with these things, then every regulation or almost all of them doesn't apply to you. And I don't think that they like that. It's peer to contract. Yeah, exactly, exactly. Okay, so do you think, let me ask you, because this goes back to something we were saying earlier, do you think it's malevolence or do you think it's ignorance? I think it's a bit of both. I think malevolence is a lot harder to kind of see because obviously all this stuff is done like, not behind closed doors, but it's not like they're on live streams talking about this and telling us what they're thinking. But I also think that there's a huge chunk of ignorance as well, because I mean, in the US, if you look at the average age of a politician right in Congress, it's not great, right? These people didn't grow up with technology and they certainly do not understand how crypto works. So I think that plays a big part in it as well. Let's take from Chris Berninsky. Often newcomers to crypto investing want to put 1K to work, hoping to find the next Bitcoin and turn that 1K into $1 million in search of the quick 1000X. They don't realize they're wanting to gamble, not invest. And learning to invest through cycles makes all the difference. Keep it simple. Many quality obvious names still have 10X upside. Tronch in, tronch out. Fixate on perfection and you'll miss. Don't get discouraged if you're down. Dig deeper, find joy in what's being built and how attractively it's priced. Don't get drunk at the highs. Some timeless advice, I think there from Chris. What are your takeaways from that? Is this how you've approached investing? Yeah, I mean, it definitely is timeless advice. I think that's the perfect way to put it because it applies to not only crypto investing, but just investing generally. And it will probably always apply to all types of investing for as long as we have financial markets, right? And I understand the people who want to find the next Bitcoin, who want to turn a little bit of money into a lot of money, because that's what the media reports on when it comes to crypto. They say, oh, this guy put in like one K and he became a millionaire, or this guy put in this and that. And that's what the people think that they can do. But the thing is, is that one guy does it and then a million people don't do it. And that people focus on the one guy who did do it and won, and the million people who didn't win and lost. And you're almost certainly going to be part of those million people who lost. So my investing strategy for a long time now, not always, because I was definitely one of these people in 2013, but for a long time now, probably since 2017, was to just invest for the long-term and basically keep it simple. But also do a little bit of de-gening on the side, not with my whole portfolio, obviously, but with a decent chunk of it. And then slowly kind of, I guess, like reduce that chunk over time as I accumulated more wealth. Go from wealth generation to wealth preservation mode. Get rich slowly, I think is the key for crypto. Let me ask you though, do you think there's another 10X left in Ether, the price of Eth? Oh, definitely, definitely. Yeah, I mean, but the thing is, is that like it's not going to happen for a while, right? And these people that don't want to wait years for a 10X, they want a 10X in like a week, which you can still get mind you, but that's gambling as Chris said here, that's not investing. You're throwing money at a meme coin, hoping for a 10X. That's like throwing money at the casino, hoping for kind of like black or something, right? It's the same thing. Yeah, I know. I think people don't realize how much risk has actually been boiled out of assets like Ether at this point in time, right? Where it's like 10X is great. Who cares if that takes like three to five to 10 years, right? I mean, it's 10Xing your money. Where else can you get that at this kind of risk minimized sort of state that we're in? Anthony, I got to ask you near the end. So what are you bullish on these days, my friend? Well, I mean, always eighth, of course. I think that's just like the table stakes answer to give, but generally I'm bullish on watching the cycle play out the same way it's played out every cycle in crypto. And I know we talked about this earlier, but the reason I'm bullish on that is because I think that there's always gonna need to be a shelling point for the market to kind of rally around or any market to kind of rally around. And I think in crypto for the foreseeable future, while we're still not very deeply integrated with TradFi, our shelling point has always been that four year cycle, and that that halving narrative that applies to all of crypto. And I'm excited to see maybe it have one last hurrah, maybe by the time the next cycle rolls around, we're too deeply ingrained with TradFi and it no longer becomes a four year cycle. But that generally is something that I'm just pretty excited about because I'm basing obviously a lot of my investing assumptions on this four year cycle playing out. But I also think that it will be good for the ecosystem for next year to be a good year so that we can actually get some fresh capital in and use all these new pretty toys that we've created over the last couple of years.
WTOP
"niraj" Discussed on WTOP
"Long Fence save 25 % on Long Fence decks, pavers and fences six months no payment no interest financing terms and conditions apply go to Monday monday .com news at 10 and 40 past the hour here's Jeff Klaybaugh. Hyundai Motors flying taxi start up supernal has opened a headquarters in DC giving a proximity to policymakers while supernal aims to launch its intra -city taxis by 2028 there's currently no FAA framework to regulate them when it does launch its electric vertical takeoff and landing taxis it'll start small we expect the air taxis to travel approximately 25 to 30 miles in the first few years of the industry the speed and range will improve as the technology matures the first routes air taxi routes will likely be to and from airports that's supernal's Niraj Nath beating our beltway traffic might be possible but the DC we're targeting LA Miami and Seoul as a launch market but in DC for example there airports are three in the region it is an interesting market but the airspace here is uniquely complex and so but initially it scrapes to and from Dulles Airport Jeff Claiborne WTOP news and still ahead on WTOP batten down the hatches the Atlantic hurricane season is expected to be nasty this year 512 every business deserves a great deal that's why for a limited time we're launching the mobile made free event with Comcast business internet new and existing customers can get one year of unlimited mobile for free yep you heard that right an entire year free it's our best internet powered by the next generation 10g network and with ninety nine point nine percent reliability
CoinDesk Podcast Network
"niraj" Discussed on CoinDesk Podcast Network
"Poor content person at coinbase who put this into the right. And now it's like, let's bash coinbase. It just hurts. It just hurts. Yeah, the Pepe phenomenon. I mean, Pepe and wow Jack, they've been around for a long time, and they've sort of gone through different associations over time. I saw niraj coin center's chief comms officer and public face was out there saying that Pepe had been exonerated since its affiliation with some of these alt right groups. I don't know if I saw the official exoneration of Pepe. I may have missed that one. But Pepe means are just good wholesome fun that preexisted all that all right nastiness that became associated with it. So I mean, I can see why coinbase would feel so inclined to make that shout out. I mean, if you go back a couple of years, where Brian Armstrong claimed a CEO said coinbase was not going to take a political stance on anything in the wake of many sort of social movements rising up in the U.S.. That was a big stink, right? So it's not as though coinbase is sort of a bastion of Silicon Valley wokeness and that this was in there and that it's par for the course in terms of their messaging. So it's interesting that this is falling on their feet the way it is in the wake of some of those past comments from Bayern Armstrong. But yeah, man, I mean, they're not wrong to warn people like not to get burned by the Pepe coin. They've seen this one. They've been in the cycles. We've all been in these cycles. The crash is coming. Watch out. Be safe out there. Have fun with it while you can, but the long-term investment prospects probably not great. And you can look back to previous meme coins over the years and look at some of those examples. But I don't know, Adam, historical perspective. I'm tossing it to you. Yeah, I got a lot to say about this. I got a lot to say about this. Okay, so first off, when you look at a publication like this coming out of coinbase, coinbase is trying to generate organic organic people looking at it and paying attention to it. But they have to walk a really thin line here between coinbase can't tell their writers what to say. And their writers are probably people, again, who come from a journalistic background because that's what these big companies wind up hiring. And I mean, let's be real. Like alt right, right wing influencer. There's so many dog whistles that exist out there today that basically are designed to tell audiences on the democratic side of the table. Don't pay any attention to this person. Everything they're saying is a lie. And you should just hate them because of that. Again, one of my favorite journalists, a couple of my favorite journalists Glenn greenwald, Matt taibbi, I forget the guy shellen Stein schellenberger, Michael schonberg. Again, these are all classic liberals who are now routinely described by outlets that are supposedly non biased like Politico as alt right influencers and this is ridiculous. These are the people who brought us information Glenn greenwald's case about all of the government nonsense that was going on that was proven to be true. Again, this was a liberal cause for so long. And so again, it's just to say that whenever you hear people talking about that, it's oftentimes really valuable to look at what's actually being said rather than just taking the disclaimer of, oh, this person's on the right wing, which then means that you shouldn't pay attention to it. So moving past that, the Pepe thing, again, we live in a world of memes, memes are ideas that express things that are fundamental to who we are and to our experience as humans, and often are very, very difficult to express with words, but can be expressed very easily with a fraud, right? There are literally tens of thousands of frog emojis out there based off of the Pepe meme that express every type of emotion that you can imagine, and there are tons of people out there, especially in the younger generations who identify with these because it's easier to express these ideas as memes, even if it's just to express what I'm feeling right now. Again, the wow Jack thing, for example, that's like a lot of times that's about being sad or it's about being happy behind a facade of being sad. Again, these are complex ideas that if you try to articulate them with words, don't go very well. But if you can articulate it with a simple animated GIF or something like that, then why wouldn't you? So again, decentralized movements, which means very much are, are always characterized by people who don't like them by the worst possible interpretation of the worst possible person who you can find who ever said anything that wasn't negative about the thing. So that remains true here today and my final point is is that memecoins are gambling. They are not investing. They are gambling. So this is the casino telling you, hey, you're gambling, but we're not going to call it that because that would be kind of weird because we don't have a license for you to gamble. So let's just say, don't think about this as a long-term investment and be careful, blink, you know? Jen, what do you got? I think we got to leave it there. Adam made three very great points. So Adam, you take us into the last segment. What about the ladies? Thank you for coming to my TED Talk. All right, it's okay. We can just say malady. On three one two three. I don't participate. Come on out. Okay, moving on. Moving on. Last story of the day, and finally, coin desk has got an interesting op-ed out this morning, authored by DJ Wendell, that Scott me feeling
Bloomberg Radio New York
"niraj" Discussed on Bloomberg Radio New York
"A lot of the infrastructure tech spending is biased to large organizations that plus thousand employee type of company size, but when we look at app software, 38% of the budget is spent by SMB companies less than a thousand employees. The correlation is following very closely to some of the business indicators. We looked at we like to look at a lot of cross section of data, whether it's Census Bureau, by serve spend trend data, the NFIB survey data, and they started moving off peak levels in one Q 2022. That matched fairly close to peak revenue growth rates for the SMB applications software providers. If sales are slowing down your is that go right to the margin or things these companies can do reduce expenses in line. Yes. And I think this is why a lot of the investor community favors this sector even when there's the top line slowdown. When you're looking at a business profile, about 85% gross margin, they have 15% operating margin. And that leaves them with about 45% of sales. They're spending on sales and marketing. That can be tuned back. So that's a significant expenditure, which is quite controllable from their levers. All right, thanks a lot. We super appreciate it. It was something that neither was expected to hear. I have to be honest, niraj Patel, a Bloomberg intelligence senior analyst joining us. From an area in tech that's slowing down to one that looks like it's ramping up. You got intuitive surgical. That's a firm that makes robotic assisted surgical products because he 20% growth this year topping estimates for more what I welcome at Bloomberg intelligence healthcare analyst Matthew henriksen. So Matt, just in general, big sweeps, intuitive surgical, give me some examples, real-time life examples of how this stuff is used in real life. Yeah, sure. So wrote the robotic systems that intuitive makes the da Vinci system. It's used for many different indications for general surgery. There's herniate repair, there's like appendicitis. Yeah, exactly. Appendicitis, bariatric surgery. It's like a robot with lots of arms. Exactly. So what it does is that instead of having an open surgery, you have smaller incisions and use those robotic arms and the camera within the system to help with the surgery to either repair or to remove any harmful devices in there. This is a big company. It's got a $94 billion market cap. Yeah. All right. Just tell me about the company because I have no nothing about this. What's their business? Just give me the elevator pitch. Yeah, so it's basically it's their da Vinci robot system. And then she robots. And basically what it is, it's a monopoly of robotic system. So when you think about globally, there's 40 to 50 million surgeries on each year across the world. Less than half of those, 40%, let's say, or done minimally invasive. So smaller incision is not an open surgery. And then the rest of it that is done robotically. So you have maybe 5 or 6% that sun robotically. That's all davinci. There's no competitors out there. Really? Yeah. And so, and that's where the opportunity comes for them to really kind of get the foot in the door to try to really gain and market opportunity here. Coming up next more with Bloomberg intelligence healthcare analyst Matthew henriksen on growth in healthcare tech. You are listening to Bloomberg intelligence on Bloomberg radio, providing in depth research and data in 2000 companies and a 130 industries. You can access Bloomberg intelligence through BI go on the terminal. I'm Alex Steele. And I'm Paul Sweeney
Unchained
"niraj" Discussed on Unchained
"The famous economist <Speech_Female> and longtime <Speech_Female> crypto skeptic, <Speech_Female> has fallen victim <Speech_Female> to the very thing he <Speech_Female> criticized. <Speech_Female> He recently took <Speech_Female> to Twitter to complain <Speech_Female> about being blacklisted <Speech_Female> by Venmo, <Speech_Female> a centralized payments <Silence> app. Niraj <Speech_Female> Agrawal of coin center tweeted <Speech_Female> back at him, <Speech_Female> quote, were you trying <Speech_Female> to buy drugs <Speech_Female> or assassination <Speech_Female> and posted a <Speech_Female> screenshot of a tweet <Speech_Female> of krugman's <Speech_Female> in which he said that it <Speech_Female> wasn't a big deal <Speech_Female> to use a third party for <Speech_Female> payments, quote, <Speech_Female> unless you're <Speech_Female> buying drugs, assassinations, <Speech_Female> et cetera. <Silence> <Speech_Female> Samson Moe replied, <Speech_Female> chatting <Speech_Female> by facts <Speech_Female> must be tedious, <Speech_Female> a dick at <Speech_Female> krugman's famous <Speech_Female> 1990 8 <Speech_Female> proclamation that <Speech_Female> by 2005, <Speech_Female> the Internet's <Speech_Female> effect on the economy <Speech_Female> would be no <Speech_Female> greater than the fax <Silence> machines. <Speech_Female> And of course, Michael <Speech_Female> saylor wrote, <Speech_Female> Bitcoin <Speech_Female> fixes this. <Silence> Vitalik Buterin <Speech_Female> <SpeakerChange> sells $700,000 <Speech_Female> <Speech_Female> in chick coins. <Silence> <Speech_Female> When the creator of Ethereum <Speech_Female> makes market <Speech_Female> <Advertisement> moves, people <Speech_Female> pay attention. <Speech_Female> Jenny Hogan from <Speech_Female> unchained has <Speech_Female> the update. <SpeakerChange> <Speech_Female> So Vitalik Buterin <Speech_Female> recently sold about <Speech_Female> $700,000 <Speech_Female> worth <Speech_Female> of coins, <Speech_Female> which are these joke <Speech_Female> coins that are often <Speech_Female> a huge waste of money. <Speech_Female> Not to be confused <Speech_Female> with regular cryptocurrency, <Speech_Female> which are <Speech_Female> non joke coins <Speech_Female> that are often a huge waste <Speech_Female> of money. But like a hot <Speech_Female> girl in a bar, vitalik <Speech_Female> actually got these coins for <Speech_Female> free. Turns out that <Speech_Female> sometimes people will send <Speech_Female> free coins to <Speech_Female> a celebrity in the <Speech_Female> hopes that their followers <Speech_Female> will copy them and then buy <Speech_Female> the coins. It's not a <Speech_Female> bad strategy. I mean, people <Speech_Female> do copy the talent. <Speech_Female> That's why unicorn <Speech_Female> T-shirt sales have <Speech_Female> gone through the roof in <Speech_Female> recent years. Anna <Speech_Female> can have positive <SpeakerChange> repercussions. <Speech_Female> One time <Speech_Female> Shiba Inu sent <Speech_Female> about half their total <Speech_Female> coins to vitalik <Speech_Female> and he donated them <Speech_Female> to a COVID relief <Speech_Female> fund. Which I have to imagine <Speech_Female> is the sole <Speech_Female> reason why the pandemic <Speech_Female> is wrapping up <Speech_Female> after a mere three years. <Speech_Female> <SpeakerChange> Is it <Speech_Female> rude to sell something <Speech_Female> that somebody gave you for <Speech_Female> free? My mother would <Speech_Female> say yes, but in my <Speech_Female> defense, I think that a <Speech_Female> <Advertisement> gift card for egg <Speech_Female> <Advertisement> freezing was kind of a weird <Speech_Female> <Advertisement> birthday present. <Silence> <Advertisement> <SpeakerChange> <Speech_Female> <Advertisement> Thanks so much for joining <Speech_Female> us today to learn <Speech_Female> more about Elliot and the <Speech_Female> ongoing fight between <Speech_Female> greyscale and the SEC. <Speech_Music_Female> Check out <Speech_Music_Female> the show notes for this episode. <Speech_Music_Female> If <Speech_Female> you've been enjoying unchained, <Speech_Female> please share with <Speech_Female> family friends or <Speech_Music_Female> others who have an interest in <Speech_Music_Female> crypto. Unchained <Speech_Music_Female> is produced by <Speech_Female> me, Laura shin, <Speech_Female> without from Anthony yoon, <Speech_Female> Mark Murdock, <Speech_Female> Matt pilchard, <Speech_Female> Zack seward, juana <Speech_Music_Female> renovation, Sam shri <Speech_Music_Female> rum, chini Hogan, <Speech_Music_Female> Ben Munster, <Speech_Music_Female> Jeff benston, <Speech_Music_Female> Leandro Camino, <Speech_Music_Female> pamma, gymnast, shashank, <Speech_Music_Female> and CLK <Speech_Music_Female> <Advertisement> transcription. <Music> <Advertisement> Thanks for listening. <SpeakerChange>
Bloomberg Radio New York
"niraj" Discussed on Bloomberg Radio New York
"Russia, China relations develop like we planned in previous years. Of course, we are waiting for the head of China people's republic to visit Russia. A senior fellow at the brookings institution on Bloomberg's balance of power today says Putin has several asks. He liked the weapons, but if you can't get the weapons he just wants more Chinese support and probably also the Chinese may have been helping Russia evade some of the sanctions. So I think economic assistance. Yeah, Stan says he continues to refer back to the Soviet era. He has no checks or balances, she says, looks to be ready to just pour more troops into the invasion of Ukraine. And this meeting comes as U.S. president Joe Biden was in the air coming home. Bloomberg's Anne Marie horde in Warsaw says a Biden administration feels a president has gotten what he wanted out of the trip pointing out Putin failures. That while Putin wanted this finlandization of NATO, what he got is the nativization of Finland and Sweden. So this is something that president is really going to walk away with. This idea that he was able to keep NATO not just united, but also expanding on it. And with Putin's pulling out from the start nuclear agreement, a U.S. says it will be monitoring President Biden in an exclusive interview with ABC calls it a big mistake. I think we're less safe when we walk away from arms control agreements that are very much in both parties interests in the world's interest. But I've not seen anything we must anything that worth is a change in its posture, what they're doing. The idea that somehow this means they're thinking of using nuclear weapons, international continental ballistic missiles, there's no evidence of that. And the U.S. State Department is saying today that it is fully ascertained that Russian forces have committed horrendous war crimes the department's ambassador at large for global criminalization justice Beth van schach says action needs to be taken. Information indicating that members of Russia's forces committed execution style killings of Ukrainian men, women and children, tortured, civilians, in detention, including through beatings, electrocutions, and mock executions raped women and girls, and alongside other Russian officials deported hundreds of thousands of Ukrainian civilians, including children. Van schach says the world court needs to take action. Hong Kong extending its mandatory mask mandate in public places for another 14 days to march 8th. The region rapidly removing pandemic restrictions, but this one will remain a while longer also says it will no longer require secondary school students to take daily rapid COVID tests. Global news powered by more than 2700 journalists and analysts in over 120 countries in San Francisco, I'm at Baxter and this is Bloomberg. Thanks, Ed. Let's get to our guest niraj Seth is with us. He is the CIO also head of Asia credit at BlackRock on the line from Singapore. Thanks for being with us, niraj, a lot of conversation now about what the fed is about to do, which is to tighten sufficiently so that things are so restrictive that they feel at by day I mean fed officials feel comfortable that inflation is moving toward that 2% target. And if you accept the notion that we have baked into the equation at this point, three more quarter point rate hikes in this tightening cycle, I'm wondering if the market may be underpricing the risk of perhaps a fourth, do you think that's a real probability? I think that's true to some extent. The markets have been obviously very dynamic in terms of the pricing. And we have seen over the course of, in fact, last few weeks since we got the strong payroll data, the strong print on the inflation, the markets have been moving towards the potentially three more hikes from the fed of 25 basis points each. So I don't think it's completely out of the market pricing at this point, but clearly there's an adjustment going on as we talk. It can't seem to let go though I'm talking about the markets here of there being an interest rate to cut though later this year when the fed's quite patently. So there's not going to be one. Well, that's an interesting obviously difference between how the fed has been telegraphing their messages versus what market pricing is. But to some extent Richard, when you think about how the markets work and the idea of probabilities of different scenarios in a downside scenario for a recession, there will be high potential of occurred. So there is certainly a base case that the fed goes to a restrictive level and stays, but in a downside scenario it cuts, I think there's some level of that pricing will potentially stay in the market, but most of it has been getting priced out, and I think that will be the direction of travel. So the fed is trying to remove liquidity from the system. We get that, but look what happened yesterday in Japan with the bank of Japan announcing another unscheduled bond buying operation. We've got a lot more in the way of accommodation happening, perhaps in China, from the PBOC. Do you think that there is still enough of a kind of a bipolar effect or a bifurcated situation in global markets where you have certain central banks still providing some degree of liquidity and others like the fed like the bank of Korea like the bank of New Zealand yesterday working to remove liquidity from the system. That is absolutely true. When you think about from a global monetary base perspective, you do see actually a bifurcation right now where the fed has been removing liquidity, although there was some short term liquidity through the TGA that was coming in the system, but by and large fed ECB are on one side. And then you do have a meaningful injection of liquidity from BOJ and specifically given in the last few months keeping the ten year part of the cove bend
Bloomberg Radio New York
"niraj" Discussed on Bloomberg Radio New York
"Doug. China's top health officials are vowing to build more hospitals to treat more COVID patients. Hong Kong will cut in half the number of laboratory COVID test arrivals must undergo starting next week. So these are the new arrivals into Hong Kong. House speaker Nancy Pelosi says she will not lead the democratic caucus in the next Congress. Congressman Hakeem Jeffries looks to be the FrontRunner for the post and for Republicans a race to put Joe Biden and the Department of Justice under a microscope. U.S. Secretary of State Antony Blinken says the evidence shows missile that landed in Poland was not from Russia, and Ukraine's president of Vladimir zelensky now softens his tone toward more investigation. He says he wants to lean that way that in an exclusive Bloomberg interview at NES and in their first meeting in three years Chinese president Xi Jinping and Japanese prime minister fumio Keisha are reaffirming their desire to improve relations. In San Francisco, I met Baxter. This is Bloomberg back to New York Douglas. All right, Eddie, thank you. And let's get back to niraj Seth, head of Asian credit at BlackRock, we're looking at fixed income markets in the apac region. Niraj Shah, I was talking about the situation in China. We're getting indication that regulators there have asked banks to report on their ability to meet short term obligations. What is the story here as you understand it? Is there financial risk building within the banking system in China? I don't think so. If you look at the data in terms of the banking system right now, you have NPL the last data was still below 1.7% and special mention loans just shy of two and a quarter. It hasn't changed much. So I don't think it's the issue with regards to risk on the banking system. I think there's always be a little bit of liquidity management and some pressure on the rate side of the market, which is warranted here, given obviously a combination of expectation of the reopening of the economy and bringing the 23 as well as what you have seen the fiscal push from the government to obviously extend the slowdown that we have seen from a macroeconomic perspective. So I think it's less of the banking systems issue right now. It's more around obviously some of the push required for supporting the growth as we go into the yearend and next year. Well, let's turn our attention to South Korea because the BOK is going to be meeting in the next week. There is some debate as to the magnitude of the next rate hike. There's a lot of inflationary pressure building in the South Korean economy, but there's also some problems in the credit markets there. Give me your sense of what is unfolding in South Korea right now. And the risk that the BOK can not over tighten. So overall, when you think about the structure of the economy in terms of the demographics, the inflation longer term trajectory, not just the current pressure you're seeing on the system as well as the household debt level. I do believe that the bank of Korea can not continue to tighten for too long all the way to follow the fed. And to some extent in fact, we'll see the rolling over of inflation as we go into next year and potential for a bank of Korea to go from the tightening to a neutral to potentially an accommodative policy. So I think we are at potentially that they will point in cordial from a rate getting close to the pivotal point in the policy side right now. It's very interesting because they were one of the it was one of the first central banks to begin tightening coming out of the situation following the pandemic where inflation was really running rampant. And I'm curious too if what you're saying holds and the be okay begins to pivot and the fed remains resilient in its effort to fight inflation, what does that divergence create for markets? So first of all, the dividend policy will play through the exchange rate markets, but just to be very clear. I think it will be a challenging situation for in general Asian central banks to provide towards EV. Still the fed is actually on the hiking path. So what you do need has a precondition for Asian central banks who are reading is a gift, the fed going on a problem. So I don't think we are there as yet and I think that pivot is true. Probably sometime in the next few quarters. But you will see obviously some of that link to the effect market. So I'm curious in terms of an investment strategy if you're going to put money to work in bond markets right now on the bat that rates are going to eventually come down. How do you want to be positioned across the curve? So right now I would still stick with the short end of the curve. I still believe we are in a rising rate environment, obviously the markets have been going back and forth between the inflation risk and the recession risk at given the comments we have heard from the tread speakers as well as potential for the tried to keep going. I would still be cautious underweight duration in the local markets in Asia as well as in the U.S. or the rest of the developed market. And potentially take a more of a longer duration new body going into the next couple of quarters as we start to see the stabilization in the rates fall in the developed market. That's what we're looking for stabilization in the rates market niraj thank you so much for being with us niraj Seth head
Bloomberg Radio New York
"niraj" Discussed on Bloomberg Radio New York
"Trade your opinion on yes or no questions in key, CME futures markets. You can learn more at event trader dot interactive brokers dot com. Let's take a closer look at today's price section with niraj Seth he is head of Asia credit at BlackRock joining from our studios in Singapore. Niraj, thanks for being with us as some hawkish commentary from Jim bullard, but he has been a hawk for some time now. He's looking at a terminal rate, maybe 5 and a quarter percent. How does that square with your forecast? So I would say overall that's not very far from what we would be expecting here. I think the key point here is as we can imagine the inflation issue is still very much there. We've seen clearly some slowdown and potentially a peak in the U.S. inflation, but from a perspective it's still far from the target. So the comments are very much to just keep market expectations in line with the focus on inflation and what it will take to get back to the target. Let's talk a little bit about the internal plumbing that we have going on or it's taking place right now in global bond markets. One of the things that bullard indicated was that we could see further financial stress ahead, collateralized loan obligations, maybe one market that were cracks or emerging already. Are you seeing signs of stress building? You certainly are seeing signs of stress. You have seen obviously tightening of financial conditions and the beginning of the year. So over the last week or so, you feel some evening without the key to market value and the volatility coming down. But in general, you are certainly seeing the stress in pockets where you have higher leverage dollar liabilities if you take the emerging markets complex again, it's probably not in the larger market, but in the smaller frontier you're seeing the pressure given obviously the tightness and liquidity of dollar right now that's obviously going to continue. So you do see that pocket of stress actually emerging and I think it will continue as we go into 2023. It's very interesting. You make that point. We have a story on the Bloomberg terminal indicating that Chinese regulators had asked banks on the mainland to report their ability to meet short term obligations. This seems to be a reaction to a flood of investor withdrawals for some fixed income products. Niraj when we continue the conversation, maybe we can talk about the credit situation in China. I'd like to get your view and whether or not there are challenges here, particularly in the shorter term government bond market in China, we've already seen some hefty declines so far this year. We'll have more coming up with a niraj Seth from BlackRock, joining us here on daybreak, Asia
Bloomberg Radio New York
"niraj" Discussed on Bloomberg Radio New York
"A U.S. House speaker Nancy Pelosi says members of Congress will not be intimidated by China's reaction to her visit to Taiwan. Pelosi is saying Xi Jinping is acting like a scared bully. Meanwhile, Taiwan's foreign minister says that China drills are part of a game plan for invasion. A judge has ruled three professional golfers who joined the Saudi Arabia finance live golf series will have to set out the FedExCup playoffs. Taylor gooch Hudson swafford and the Matt Jones. Republican reaction to the search of Trump's Mar-a-Lago home yesterday has been swift saying it is a political hit job and carried out with malice, running alongside an appeals court has ruled that mister Trump needs to get his tax records to the January 6th committee and a Reuters is just pushed out a story of saying that Republican congressman Scott Perry of Pennsylvania says the FBI has seized his cell phone and the writer's report says it shows a DoJ investigation in the January 6th is heating up. In San Francisco, Ahmed Baxter, this is Bloomberg back to Singapore Jules. Thank you so much, Ed. Let's get back to Nero says head of Asian credit at BlackRock on the line from us for us from Singapore. You're talking about seeing opportunities in some of the ex China high yield space curious to get your thoughts about what you're seeing across LCN as well. We've heard from prime minister Lee here in Singapore saying that rates and inflation are expected to remain high. Sure. So I think that's a backdrop, which is actually common across most of the markets. So most of the economy is right now, which will keep the policymakers on the margin on removing some of their accommodation that we had for a very long time. From a credit perspective, we have seen some expansion of risk premium opening up some of the attractive opportunity, but broadly from a top down perspective we still remain on neutral to cautious, specific markets we like the Indian high yield investment grade corporate in India, parts of Indonesia, Middle East, more from the investment grade perspective. But overall, a very clear tilt or a bias towards quality. I think that's an important element that will stay with us for at least near term. Okay, so quality I get that, what about duration? I mean, given a lot of the volatility that we have seen in sovereign markets right now and the inversion that we have in the US Treasury curve, it's not clear where the global economy is headed, and the inflation story seems to be a little uneven, would you be more inclined to go long shorter duration? So overall from a duration perspective, again, probably on the margin on the cautious side because I do believe the markets are still fluctuating between the whole idea of the inflation policy hikes versus the risk of recession and you will see that back and forth. In a range here and as we've seen some of that inversion and the bear flattening of the curve, I think we will have a little more room to go there as we go through the data points and the upcoming heights. So more inversion potentially is that what you're saying on the tooth tins because we're looking very closely to that U.S. CPI data. So I would still expect this possibility of more inversion here, given the combination of fundamentals and the technical backdrop here. So niraj, does that mean are you basically saying that the global economy is headed to recession? It is not going into recession, but they certainly signs of slowdown which are quite clear. I would say, in fact, U.S. economy right now still, despite the technical recession data, still seems fine if you looked at the job report last Friday with 528,000 jobs on average hourly and still looking strong. But it is slowing down and globally, I think we have been seeing the data showing signs of slowing down, which will obviously manifest itself going into next year. Europe obviously slowing down much faster and going into recession before the rest of the globe. In terms of the slowdown, I mean, we've been looking at consumer spending and that's been holding up quite well across a number of nations even with rising prices at what point do you think that starts to buy and play into the overall picture too? I think we're getting close to that. One of the solutions for high prices is high prices. And I think we're starting to see the consumers starting to become a bit more cautious around the spending path. Now, most economies, again, going back to the labor market aspect, we have seen tight labor markets low on employment and earnings which have the rage growth, which has been stable. As we start to see the softening in that labor market, which is, I would say, in the very early stages, the data has been mixed. That's where you would see the slowdown in the consumer behavior and the consumption patterns. Any Raj very quickly, about 30 seconds or so, we've got indications that the top auditor in China is reviewing the trust industry, ostensibly because of potential potential and I want to highlight that word of financial stability. Is this anything you're concerned about? Not concerned, but certainly focused on it. And to some extent, China had a big deleveraging focus on the shadow banking and back in 2016, 2017, which did reduce some of the risks in the non banking sector. I do think it's important to keep an eye because of all the crises issues and defaults and the real estate sector. So this is more of a financial stability question. Not overall
Bloomberg Radio New York
"niraj" Discussed on Bloomberg Radio New York
"Up This is lumber So that you look at markets let's get headline news with that Baxter in San Francisco All right thank you Brian magnitude 7.3 earthquake struck northern Japan near the Fukushima prefecture prime minister fumio Keisha says four people were killed at least 97 injured It derailed a bullet train disrupted power they're saying no damage to the daisha nuclear power plant South Korea some very bad news record deaths amid the surge in Cola and daily COVID cases and those cases over 621,000 more day to day Hong Kong's crematoriums are straining under the pressure of COVID-19 death rate chief executive Carrie lam saying they are working day and night to keep up Kremlin spokesman Dmitri peskov says a proposal for Ukraine to become a neutral country but retain its own armed forces is positive and could be viewed as a kind of compromise Ukraine's president meanwhile have a lot of resiliency today in front of the U.S. Congress is called for president Joe Biden to be the world leader President Biden promising a laundry list of munitions including drones and calls Vladimir Putin a war criminal Now those munitions include 100 dive bombing switch blade drones And Vladimir Putin vows to cleanse Russia of the his words scum and traitors that he accuses of working covertly for the U.S. and its allies In San Francisco I met Baxter this is Bloomberg Paul All right thanks very much We're with niraj He's hit of Asia credit of BlackRock We've been talking about the fed and inflation I just want to switch focus to Asian hour and your outlook for inflation in this part of the world Let's leave China out of it for the moment And what do you see the Central Bank responses being Sure So overall I do think the inflation path in Asia to actually take higher on the back of higher commodity and oil prices Just stepping back Asia the growth inflation mix and the policy outlook is actually a lot more stable than the rest of the world So I don't expect a bit significant shift there from an inflation and the policy perspective than what we expected a few months back So I think it does provide a good backdrop for Asia in the local markets context I'm wondering when you look at the commodities market to try to get a sense of where inflation is going to go There's been enormous volatility Perhaps more so in the commodity futures market that in spot markets per se and I'm wondering whether you have a feeling that maybe there's a little bit of rampant speculation that regulators need to address to try to bring some of the volatility in commodities trading under control so we can get a better read on where inflation may go from here That's absolutely true And we have seen it time and again that when you see a trend changing in commodity prices the financial markets and the speculative activities do actually amplify those moves and which is what we are seeing currently And that's where I think the regulators have to play a role as well as in that part As well as the monetary policy where they can not actually look at the short term ball and the moves but no longer term trajectory And if the supply side constraints slow down I do think that commodity prices start to stabilize here which then is less of a problem for the regulators Well you specify specialize a bigger pattern in Asian credit when you look at credit opportunities in the region What do you see that you like How are conditions looking So overall we are positive on the credit markets or even though there's a cautious tone and a view in the near term I do think where we are We have seen Asian credit markets and some evaluation standpoint opening up a fair bit underperforming the U.S. Europe and the rest of the week in the last 15 months since the beginning of 2021 If we combine the valuations with the shift in the policy tone from China I do think the next 6 to 12 months could be fairly positive We like the investment grade credit across the region across Asia Japan as well as Middle East We do like high yield all the way a bit more selective and specifically in China a bit more cautious on the high end markets but I think on the whole positive backdrop for the credit markets in the next 12 months Niraj we were talking earlier in the program about the possibility that we could get a default on the part of Russian sovereign debt denominated in dollars do you think that represents a degree of credit risk globally or do you think it's pretty much a contained issue So first of all I think there's still a great period in not that you will see how it evolved depending on the geopolitical bad drugs that had to gauge that today But I do think looking at the risk premiums across the credit markets globally unless we do believe the risk of recession is much higher and default rate expectations are changing I do think that we have seen the risk premiums and credit globally as well as in Asia going up with some of the specific use and credit risk in the backdrop So I don't think we see a meaningful shift from a premium perspective in credit markets globally from here There are very quickly Russia is a campaign all its debts but they would be paid in rubles Do you think credit is going to be happy with that It's a tough question for me to answer because I think a lot of it comes down to the ability to actually absorb that payment and I think there's still obviously time for potential solutions revolve in the next 30 days Yeah all right The head of Asian credit at BlackRock thanks so much for joining us with your.
Bloomberg Radio New York
"niraj" Discussed on Bloomberg Radio New York
"Well surrounding the war in Ukraine mixed messages perhaps at Baxter covering it all from the Bloomberg newsroom in San Francisco Eddie Well it looks like a dug although what they say in public and what they're doing in private They may also be really really two different things Let's start with the encouraging that you mentioned you're right Kremlin spokesman Dmitri peskov says a proposal for Ukraine to become a neutral country but retain its own armed forces is positive and could be viewed as kind of a compromise So here we go then Meanwhile Ukraine's president volodymyr zelensky today in front of Congress U.S. Congress has called for president Joe Biden to be a world leader People are defending not only Ukraine We are fighting for the values of Europe and the world to providing our lives in the name of the future And asking for Biden's help He speaks for a people who have shown remarkable courage and strength in the face of brutal aggression Courage is strength that's inspired not only Ukrainians but the entire world Yeah Biden there in his Bloomberg chief Washington correspondent a host of sound on Joe Matthew shows a laundry list of new munitions 800 anti aircraft systems longer range aircraft missile systems that zelensky asked for himself specifically the S 300 system that he pointed out in that address earlier 9000 shoulder mounted missiles think the stinger and javelin missiles 7000 small arms 20 million rounds of ammo and mortar as well as 100 so called dive bombing switchblade drones Now after circling back after his address the president was asked if Vladimir Putin was a war criminal He is a war criminal and senator Lindsey Graham one even further I hope you'll be taken out One way or the other I don't care how they take him out I don't care if we send him to The Hague and try I just want him to go Yes I'm on record Meanwhile Vladimir Putin vowing to cleanse the his words scum and traitors he accuses of working covertly for the U.S. and its allies Magnitude 7.3 earthquake struck northern Japan near the Fukushima prefecture prime minister fumio kishi announced saying four people died at least 97 injured It derailed a bullet train disrupted power shook buildings and parts of Tokyo nuclear irregulars at the daiichi nuclear plant say service was disrupted temporarily but there is no danger there In San Francisco I met Baxter This is Bloomberg Doug thank you Ed Let's get to our guest niraj Seth is with us He is head of Asia credited BlackRock on the line from Singapore Niraj thanks very much for being with us We've got the fed meeting now in the rearview mirror no surprise when it comes to that quarter point hike And potentially 6 more hikes at the remaining meetings this year and one could maybe be as much as 50 basis points but Powell in that press conference seemed to kind of admit that the fed is a little behind the curve Do you buy into that And if so are they severely behind the curve So I totally buy into that So overall if you could take a step back and look at whether inflation is and even the projection for inflation which is not a 4% going into the end of 2022 we still see obviously the policy behind the curve So none of this is a surprise and they're certainly a lot more focused on inflation despite all the uncertainties from the geopolitics COVID and other supply chain constraints So I do think this is very much in line with what the investors should have expected from the fed liftoff starting here with rate hikes through the year and potential adjustment to the balance sheet coming in the next meeting with potentially starting in June Jay Powell also downplayed the risk of a recession What's your view on this because there's a lot of uncertainties around in terms of the walk commodities prices supply shocks how realistic is the expectation that there's going to be no recession So overall I think share power is right about downplaying the risk of recession in the near term I don't think the recession is a risk in this year or even to some extent in the next year And I would say there are three reasons for that The first is a strength of the economy Second the balance sheets and third where the fed rate high trajectory is going and the real rate In terms of the strength of the economy even though they have reduced the growth forecast to 2.8% for this year it's still a strong growth year which I do think will continue as we go into the next year Second part around the balance sheet across the consumer and the copy balance sheets they are strong and intact And I don't think that's changing anytime in the next 12 to 18 months And lastly the fed is certainly in the path of normalization but not getting ahead of the curve and trying to go into the restrictive territory in a hurry from a rates perspective So none of these actually are going to give us a good reason to be worried about recession at least in this year and to some extent going into next year Okay maybe not a recession but I'm wondering whether or not inflation for the longer end of the yield curve becomes on anchored in a way so that we do get a lift up in rates but it's because of concern about much higher inflation that is not going to come down any time soon But I think the inflation in the medium to long term will start to come down in my view And I don't think it changes obviously next 12 to 18 months The inflation is taking combination of the monetary and the fiscal impulse that we had in the last few years is leading to where we got to in addition to the supply side constraints So the inflation is taking and I don't think the fed is trying to underplay that But if you take a step back again look at the longer term as the growth starts to slow down to some extent the high price is solved the high prices issue which is inflation slowing down the consumer spend here And as we think.
Newsradio 700 WLW
"niraj" Discussed on Newsradio 700 WLW
"On 700 wlw coming up at 10 06. Sooraj Insanity Senator Senator and Tani from Miamisburg will be on the show originally sponsored the sports betting and name and likeness Bill for athletes, which looks really good, and now we're hearing that it's not going to happen. Brian just mentioned that during news One of the reasons why, while we keep adding stuff into it, and typically that's true in politics, and you take something looks wild. This is something we really, really want. Everybody wants it most Everybody wants to sports betting name and likeness. Sounds like a great idea for student athletes. Wonderful. Let's do this thing. I know what we'll do. We're just gonna start at stuff into it, too. To kind of screw it up. And I'm talking in particular. Niraj going to talk about this at 10 6 in particular what they've added as they save Women's Sports act. So this is back in the House House Republicans, not the center of the House. Um They want to amend this to include a ban on transgender athletes from competing in girls' and women's sports to save the Women's Sports Act that would apply to not just schools but also universities in the Buckeye State, which is a whole new wrinkle in this thing. And where do you stand on transgendered athletes? Um, it almost seems deserving its own separate bill, But typically okay, what does this have to do with gambling? And name and likeness, Not really a lot. But you know, every time you have a transportation bill or something like that, they put things in there that have no relationship whatsoever to it. On a federal level. I'm guessing the same is true here, and this is politics. This is horse trading. And I guess the problem with this is I was doing some research over the weekend in this includes a an amazing website, which I'll get to in a second. That really shows you the issue at hand. But when it comes to okay, We can talk about the Olympics. We could talk about the case in point here involving a 35 year old, Um 35 transgendered woman. Named Laurel Hubbard, who is competing as the first openly transgender athlete in the Tokyo Olympics, and she is a super heavyweight women women's weight lifter for New Zealand. And the IOC has said all along it's about inclusion, but you know if you look at inclusion, they're more worried about that then and maybe even appeasing a very loud and vocal minority. But They're more worried about inclusion than they are about something that really is what athletic competition is about. And when you talk about the core of athletic competition, and why it's pure, especially Olympics without getting to Bob Costas like sappy on this You know it is It's people who have really not going to gain a lot of money and and quite honestly have gone up a lot in life to to perform at their desired sport and perform at a very high level. And the job of the IOC. The job of any governing authority in sports is to do what to make sure you have a level playing field. That's what this is about the big issue here when when you're talking about transgendered athletes in Ohio or transgender athletes in the Olympics, it's simple, level playing field. If you have a governing body, that's their job. That's why you have doping test. That's why you have, you know residency tests in high school sports, Right? Your kids playing for teams that may not live in the district's issue. It's about fair play. It's about a level playing field. And for those who support men competing in female only events. Look, they're just two basic lines without getting and make it sound like I'm transphobic, which I'm not, you know, It's America. You should be allowed to be whoever you want to be The best version yourself as long as it doesn't affect me well. I'm not an athlete, but if I were this would affect me. Okay. And it's not about hating Trans people are thinking trains. People are bad and God is you know you're you're upsetting. God don't know. I'm I'm fine with it. There's two things Trans women are women period. Day and I'm talking about determining whether person has transition for the purpose of athletics. You can either believe the trans women are women period. That identity is the only factor there or the trans women are women if their testosterone levels are below a specific amount, So now we have identity end science and biology is factors right? And so that second one, though. It seems somehow as a denial of human rights to people right that I'm denying you. Your right to was what I said, live free and prosper. No, I'm not denying you that at all. You can do that. But you also have to realize that your actions also affect The human rights of others, their ability to live free. It makes sense, doesn't it? Not being trained. So, yeah, it's transformed. That's not transphobic at all, again, level playing field. So if I go back to This interesting websites called boys versus women dot com. V s boys versus women dot com and what they did is they just looked at the date of the science and it's fascinating. So what they did is this They looked at events like track and field and swimming. Just those two things which are very broad, but also good indicators of levels of physical competition and endurance. But also you know, it doesn't really involve balls and bats and parks. It's human competence swimming. It's you in some water go. Pretty pretty even standard, right? So they compared the latest data they have. And that was the 2016 high school boys n B N o finalists. I don't know what nbn Oh is but I'm guessing these are You know the best high school athletes in America, so they took the 2016 high school boys. And and look at the that looked at the scores at times against the 2016. U. S. Olympic women's finalists, the medalists The best of the best of the best. So And that seems like a fair comparison. Right now You think that the women need the Olympians would as women have an unfair advantage there a little bit older and more developed. But also you're getting world level training there, that you're not getting it. Your typical high school Certainly the training for a woman who is an Olympic athlete. The nutrition, the science, the conditioning all of those things because it's become your life, right? And if you're in the facility out in Colorado, you're actually living this 24 7. And so these women are getting Treated as the the Olympians. They are versus the high school boys team. But it's interesting. They looked at the 100 to 204 108 100 M races. Between the 2016 high school Boys and the 2016 Olympic women's finalists. None of the women's finals performance met the qualifying time to even enter the boys competition. Let me say that again. None of the Olympic women's finalists performances. Could qualify to enter the.
Live Your Own Fit Podcast
"niraj" Discussed on Live Your Own Fit Podcast
"Stages of slow rhythmic breathing and then building up to foster the which is a form of hyperventilation. So if you're not adapting properly to autism and you're in carbon dioxide you go deep in the breakfast engine and if you have problems with Oxygen and oxygen distress. And you can't even handle a little bit hyperventilation then a correct to nervous system and i see this is a big mistake with brentwood. Being like there was this chiro for everything and these techniques Rebirth if they use out contacts commute home than good. And what you're saying is as people who senator these things telling people saying that this is the healthy way to grieve and you'll be shocked at the amount of people who read from their mouth now and like event life thinking. That's healthy so. I was like no. We need proper training in yoga. You'd never do these high hyperventilation high energy readings at me. You'll find troubling rebirthing unless you've been properly prepared for it because it can mess up the system so need to have this training in there and i create a breakfast which is which is that leads you up to adequately being able to handle by a yoga classes but also because it's based around traditional brownie. Mcghee take improves dramatic. Increase your help. Why then we have the twenty one day. The twenty one day awaken vertical which is a brechfa vertical that takes your rum experiencing intimate here in a gentle way. The first week to then gradually building up and that protocol mimics was going on in clinics. I ran out in intimate hypoplastic trading the knicks. Where they simulate Shoot it simulates that same protocol through restaurants but don in a safe way to build your gradually doesn't just slow you straight into very advanced razi breeding techniques a graduate and. That is a much smarter. I think to deliver the techniques. Because what we're finding. Is that the people who won't change like a video about wim hof method doing it wrong. Getting stressed out coming to us. And then finding the most simple easy gentle way at the same techniques you know people who've done Can had like awakens nethon completing rex. Physiologic playing softball. Jake you've come to trainings. If only at nine this. I wouldn't have jumped into this united so so yeah we..
Live Your Own Fit Podcast
"niraj" Discussed on Live Your Own Fit Podcast
"About how he met then. I ended up for the band with him. And i made the soundtrack to the weymouth method rental with it became good friends but i was really good leading people Pete states is some kind of gift. I somehow blessed. I live on a bit of a hippie on cooking on similar to body. If you've been there and we have an amazing community he yogis and people into things started dance and audran. I'd run mind festival here. And i will do these classes.
Live Your Own Fit Podcast
"niraj" Discussed on Live Your Own Fit Podcast
"You need to sleep and yogis superhuman like very adopted yogis may only need to three hours night sleep and what happens is they wake up at like four. Am guy and they miss this. Mooning hyperventilation theory. That happens if you if you have this type of militia while you asleep still okay. That's when you'll reptilian. Brain is controlling things. And so you'll hyperventilating. You don't need to be in that causes stress However if you get up at that time and you do your meditation. The next size is funny you over this. I knew you counteract this issue. It's rate strange. If you look the yoga traditions waking up early at full thirty. I is usually when they wake up In practice the best funny. I'm actually there's a reason for that. It's yes. I think it would be related to probably the dawn effect when quotas all's increasing to wake you out to cape blood sugars up and if you're not at all fat adapted than you'll quotas going to really push out because you'll bodies freaking out that hey i've got no access to energy and my blood sugar is dropping whereas when you're healthy and fat adapted you'll body doesn't freak out if blood sugar is a little bit low at four in the morning because you can run on fat and k tines so there's a lot of interactions between health in every aspect and then the response that it has in as you said in breathing and oxygenation and everything and then all those chronic diseases. So it's sort of like you can approach perhaps one or the other so someone maybe could keep that terrible diet but if they really doubled down on the breathing they would say great effects and likewise if they doubled down on that diet they breathing would naturally improve even if they weren't aware of it but often typing. My mouth closed for at least three or four years. Now since i i Got patrick mcewen's book and yeah don't miss a not without typing it..
Live Your Own Fit Podcast
"niraj" Discussed on Live Your Own Fit Podcast
"Store of that muscle. So what that means Repaired of incident hypoc zero. No the numeral suggestion that triggers areas go right. I need to adapt stronger. Produce more stem cells. They come out citation. And then you increase Vascular health like roof Myeloid nettles so then the next time you go into that environment you're dotted so you'll better the next time. Okay if do it as a regular practicing loss of ac- you just do it. Once it will last a bit. Then you'll go back to normal so if somebody humidity rarely but basically that's that's it so when you when you become very adapted to Surgeon you need less oxygen to produce the same amount of energy so many breathe you're producing energy in the full of atp in the minds conjure and when you do an aerobic size you are exercising. The mind tacoma andrea to be more efficient using that oxygen. And you're also doing is your like actually stimulate the production of might to conjure as well in the cells so we may have like a thousand two thousand. It may go up to like five thousand bicycle. Jura under along So you'll more efficiently using susan and has knock on effects of you're gonna have more efficient energy meeting round all right. So you'll you're gonna feel it's gonna feel healthier and will you have is commodore Tolerance so you'll you'll breathing down you'll be able to handle higher levels outside in the system carbon dioxide set Dilated dilates vessels in proves. Look flights of us. And it was a is a bronco on it. So it generally is a relaxing makes you feel calm. And relaxed and oxygen zero carbon dioxide Eight suppressor of 'exploitation the neurons in your brain. So when you having a panic attack one of the best things you can do is re three. Paperback is your breathing. Back into condo outside and it calms at pacifies. The neurons calms the stress response. Okay so combine lease amazing things but then there's nitric oxide as well. Nitric oxide is equally important getting the oxygen to the tissue cells and it has all. These benefits is the basic dilates Bronco dilates It's anti-bacterial borrow has incredible benefits as well and it also is. What's the mechanism action for biogra- rice. Abaya improves norfolk side. Ability to dilate blood vessels and that's one of.
A Desi Woman with Soniya Gokhale
"niraj" Discussed on A Desi Woman with Soniya Gokhale
"A senate impeachment trial. Trump pointed the way forward for the gop to become a populist. Conservative party unapologetically patriotic and pro american. Yes but also willing to use the power of the federal government to help ordinary people rather than always serve special interests. So my question for you. What do you see amongst your concern. And what are your thoughts on the future of the gop. Obviously trump won the state of ohio. So i think it's easy to speculate that many of your constituents will still support his policies around immigration trade and border security to name a few think that people want to move on. I think that you know. It's significant that even joe biden you. President dates hasn't really said much about the impeachment. I think that you know he wants to move on as well. I think everybody wants to move on. And frankly you know our focus now needs to be on the pandemic on you know both the health and economic consequences and we didn't do on in in people's business look is supported president trump. But i will say i'm might even man. I think you know american americans about rugged individualism. I don't serov kneel at any one person and polluting any president united states. And so you know for me. I think we need to figure out on your focus. On what our best americans not you sort of obsess over you know one person. That's absolutely cracked and ohio. Republican rob portman. Who endorsed you and your run. For state senate will not be seeking a third senate term in two thousand and twenty two and some are considering this a bit of a blow to both to republicans hopes of taking back the senate in the chambers dwindling number of centrists. So i just want to get your thoughts on that. I wouldn't necessarily have such a dismal viewpoint on not. I think that. I love to hear your thoughts on that if we're going to put your hat in the ring. No i'm not. You know josh million dollars. State treasurer in tipton are now former state. Party chair running you know and are very both qualified. Candidates in there are a variety of other potential qualified candidates. That are running. But you know senator portman has has been a friend and mentor and guide to me for the past years. Him and i are very close. You know i would say you know. He a huge loss for the senate for ohio for the country. I would take issue. I don't think he's a centrist. Is conservative as well through through. He's a little bit more willing to work across the island others. But that doesn't make you a centrist. That makes you someone who's willing to compromise to get things done but it's principles. I think you know. Remain the same and so on your certainly you know. It's a huge loss to ohio. Both josh and gene. I think would be a great candidate. Edson and i think will will retain i open. You know senator portman been doing this for thirty years now. And i think he's had a great career and will continue to recognize that here in ohio. That is a great point about his tenure because of the items he cited as the reasons for his. But dictation our retirement is legislative paralysis in the senate and want to get your thoughts on this. And you experience this gridlock. In state politics or do you actually see more collaborative work across party. Lines at the state level. dc is obviously. There's a lot more gridlock. There than than there is here. You know but we've also got larger majorities here. We have nearly super majority in the house and we do have a super majority in the senate and so frankly is kind of just a bit easier to to get things done year because we do have of these super majorities. But you know what i understand. You're against senator. Portman is a conservative. But he's concerned wants to get things done in when you've got a fifty fifty senate you have to work across the aisle to get things. Don and dc is certainly gridlock. But look i think. Most americans want to see our government function in our government. You know get things done for the people i think. That's why president trump resonated because they people fell that government wasn't representative them you know. President trump was sort of waste for you. Know the the loss voice if you will. and so. that's why be residue. Senator recently amtrak a perched ohio's state leaders and the biden administration in hopes of expanding passenger rail services amtrak's proposal calls for a five year. Twenty five billion dollar spending plan that would cover the train equipment and startup. Cough operational costs would shook back to state over time while. They're certainly more diligence to be done. What are your initial thoughts on this proposal and just for our listeners to understand because we do have a global audience sixty percent of the united states population lives within six hundred miles of ohio. So this could be a game changer. For a high with economy and the quality of life for many ohioans. What are your thoughts on this. Would you support it no. I think it's worth exploring know you're right that you know. We are within six hundred miles of sixty percent of of the us population. And so yesterday. I think the federal is putting up money. It's worth exploring. However obviously i would caution that the federal government is trillions of dollars in debt Which is good. And i think there are other things to take into consideration. About what state funding would be necessary. And do we have that the funding and then you know what we're we building these tracks or using existing rail infrastructure. Were not new. I think we have to be very cautious about that. Excellent and i cannot believe at this point in the interview but my final question for you is what would you offer to a new generation of eligible voters and any young people who might be listening to this or older folks for that matter that are interested in possibly pursue a career in politics or becoming more engaged in this country's democratic process. I would offer that you're such an embodiment and perfect example of someone that literally is using his life in the capacity of serving others. And is there anything you would have done differently or lessons. You've learned in your tenure at the house and senate the more people we have involved in our system of government the better. You're not everyone needs to run for office to be involved. But you know at minimum. Being informed voter is extremely important More would be getting involved in a campaign. I'm in obviously those of us who choose to run. And make this vocation ed but You know showing up in raising your hand is incredibly important in frankly as half of what's necessary and so you know you can show up. Raise your hand gets to the table. you know. that's half the battle absolutely and we cannot thank you enough for joining us today. A state senator neeraj tiny and this is a historic conversation. You are historic. As the first indian american state senator in ohio historic. Thank you so much for joining us today..
How I Built This
How I Built Resilience: Niraj Shah and Steve Conine of Wayfair
"And today we're going to hear from the CO founders of Wayfair near a shot and Steve Cohen. We first feature Neeraj. Steve on the show in April of two thousand eighteen and we just republished that episode. It's near the top of your podcast queue. You should check it out. They have an amazing story anyway since we talked to them in two thousand, eighteen wayfair has become profitable and despite anticipating huge challenges during this economic crisis. Wayfair has actually done pretty well as people start. To beef up their home offices, I spoke neurosurgeon Steve About Wafers unexpected success during this economic crisis and how that's changed their business practices. Let's start by taking back to sort of March. How did you begin to plan for presumably the worst at that point? What were some of the steps you took, Neeraj Yeah. So obviously, when covid started, there's a whole lot of uncertainty. We kind of decided a few things. One was, how do we keep our supply chain up and running? So we can take care of our customers. So we implemented a lot of safety protocols that actually worked out very well because we're able to keep running and keep everyone healthy. And Safe. Second thing is from a liquidity standpoint. We didn't know what was going to happen next. So we actually decided to raise money. So he raised five, hundred, thirty, five, million dollars in hindsight we didn't need. But at the time, you don't exactly know what's going to happen, and so we did that we did that very quickly over two week period, and so I think that put us in a in a great position, and then we had a big scramble to get everyone productively working from home who was involved with the supply chain, and so all of our three thousand people in customer service who corporate team, and so there was kind of. Like a bit of a of Mad Dash in the beginning to get everything well situated, but we have eighteen and they they they really rallied didn't a fantastic job. It sounds like you had anticipated that you were going to face a serious slowdown and that's why you raise the cash to presumably to help you through what you anticipated was going to be a slowdown down our worry was actually we didn't even know what the governmental regulations we're going to be my perhaps we'd be shut down. You know we we didn't actually know government sending what was essential what was not essential there's a question at some points about perhaps the carrier networks won't carry. Certain. Types of packages, not other types of packages and we knew so we didn't have answer, but we had uncertainty, and so we reacted to that and then the notion of a slowdown certainly was on on our minds. Obviously what's happened it's quite different but more of a boom but we didn't know that at the time
How I Built This
Interview With Niraj Shah And Steve Conine
"So. Pretty much everyone we'd had on the show had a passion for a product that they needed to put out into the world lower American believed the world needed Lara Bars Jenny. Britain Bauer was convinced that her ice cream was gonNA change how people thought about ice cream even Jimmy Wales founder of wikipedia. Everyone should have access to free knowledge. But I'm here to tell you that that is not always the case. In fact, sometimes, the product isn't what drives the founders what really drives them is the challenge rather solving the challenge and that's basically the story behind wayfair neither Steve Konae nor near shopping felt that strongly about home furnishings but they did feel like people should have choices no matter where they lift because there was a time. When if you lived in say Evansville Indiana, you couldn't easily get the same type of Cool Coffee Table, or Sofa that someone in San Francisco or New York could get. And today we ourselves almost five billion dollars worth of this stuff every year. We're was actually the third company Stephen, Neeraj started together. They met as teenagers at a summer camp for math and engineering nerves in the early nineteen nineties quickly touch. But then almost a year later, if fate herself was watching over these guys, they both ended up as first years at Cornell assigned to dorm rooms on the same corridor. Did, you know both of you did the other one was going to cornell no end really kept in touch. So I think it was It was a surprise. Very much I was like, Hey, what's up? This past year. So were you friends like right away? Yeah. We were part of A. When your freshman year, you sort of have a small group of friends that you sort of connect with and spend a lot of your time with and we were in that group together and then junior year near started. We've got to be a lot closer and live together that year. Junior and senior we actually live together as well with it with a few other. People up at Cornell. Yeah, did you guys near to shoot you steve us to talk about starting a business when you in college I don't know that we have talked about it per se but our last semester at Cornell we took an entrepreneurship courses, one of our elective courses and in this entrepreneurship course, one of the things you had to do was create a business plan and what really happened is through the process of doing the project which is creating the business plan. We basically started our first business. Yeah. It was ninety five and it was very early as the netscape browser come out that year. Our idea was actually to develop Internet. Directory Services, and we would go downtown New York and try to pitch companies on paying five Bucks Avenue Listing I in our Internet directory. Of course, most people look at us like we're nuts a few would say, hey, that's interesting. But I I don't even have a homepage called at the time. Could you help me build a website and you know maybe at least get present on the Internet and what would that cost me and so the business turned into kind of an Internet consulting business that built sites for companies, and you kind of knew how to do the basics because you were engineering students exactly. So you'd go from project to project and Comey's were to move very quickly. You know different people would ask other people in your who could be higher so on. So forth, we were one of the few shops that actually done things. When you would meet when you guys are going meet with clients. Did you ever get a feeling from any of them that they would look at you and think late these guys. Fired A twenty two year. Old Kid. You know we did we both were pretty good sales guy. So I don't I don't remember that being snacking me too hard. I mean I I think that you know the prices were charging versus what they would be looking at consultancies I think a lot of these bigger shops looked at it as like. Play money where they're kind of like. Well, whatever how bad. Kimiko. With a couple of college students here are doing this for us if it works out phenomenal if it doesn't work out, you know whatever we haven't really we haven't really lost a lot.
The Patti Vasquez Show
Facebook showing ads promoting sale of body parts from threatened wildlife, complaint says
"Radio and tune in here with your news is rob martier death of the third person who used synthetic cannabinoid now being confirmed by the illinois department of public health now one hundred seven cases of individuals who have used these synthetic cannabinoid products and have experienced scientists symptoms of bleeding that's director dr niraj shaw says the synthetic drug called spice k two or fake we'd causing severe bleeding and has killed two men in their twenties and other one in his forties is getting millions of dollars in federal funding to shore up election security in two thousand sixteen russia successfully hacked into illinois state board of elections voter registration system along with twenty other states now us senator dick durbin congressman mike quickly cook county clerk david orange have announced illinois will get thirteen point two million dollars to combat cyber attacks through the federal omnibus spending bill which was signed into law last month while votes were not compromised in the monthlong 2016 attack the confidential voter information of approximately ninety thousand voter profiles were exposed ryan burrow wgn news facebook is displaying advertisements on group pages operated by overseas wildlife traffickers illegally selling the body parts of threatened animals including elephant ivory rhino horn tiger teeth in a secret complaint filed with the securities and exchange commission wildlife preservation advocates allege that facebook's failure to stop illicit traders from utilizing its platform violates the social networks responsibility as a publicly traded company meanwhile facebook ceo mark zuckerberg scheduled testify in front of congress tuesday and wednesday over privacy concerns wgn sports baseball on the south side tampa bay five white sox four on a snowy soggy day at guaranteed rate field raise closer alex chola may escape to jam with runners on second and third in the ninth by getting three straight outs tampa bay hadn't won since beating.