Payrolls to Private Jets: Lessons From 4 Decades on Wall Street
Know More. Risk Better. Podcast | Season 10, Episode 26
In this episode of the Know More. Risk Better. podcast, the conversation explores how decades of experience across major market cycles are shaping today’s views on macro dynamics, interest rates, and investor behavior. Zachary Griffiths is joined by Mike Schumacher to reflect on key turning points including the 2008 financial crisis and earlier market dislocations, and to discuss how shifting incentives, capital flows, and central bank policies continue to influence market outcomes.
They examine the balance between fundamentals and technicals, the growing role of investor behavior, and the resilience of markets amid geopolitical shocks, alongside the near-term inflationary and longer-term disinflationary impact of AI. The episode delivers a clear, experience-driven perspective to help investors better navigate today’s complex macro and credit environment.
Watch on YouTube:
Speakers:
Zachary Griffiths, CFA, Head of IG & Macro Strategy, ÂÒÂ׶ÌÊÓƵ:
Zachary leads US investment grade and macro strategy, bringing expertise in financial markets and economic implications.
Mike Schumacher, Former Global Head of Macro Strategy, Wells Fargo Securities:
Mike is a veteran macro strategist with decades of experience across Wall Street and leading research teams, offering deep insight into market cycles, investor flows, and global capital markets.
Timestamps:
Introduction and Background
Trading Floor Stories and Experiences
Reflections on the 2008 Financial Crisis
Overlooked Perspectives Leading to the Financial Crisis
Fundamentals vs. Market Flows
Market Resilience in Geopolitical Events
Interest Rate Predictions and Economic Outlook
The Impact of AI on Inflation and Productivity
Personal Investment Experiences
The Importance of Behavioral Factors in Investing
Client Interactions and Their Impact
Perseverance in Investing and Future Plans
Listen on Spotify:
Listen on Apple Podcasts:
More from our team:
Leading Transition: Executive Coaching in Private Credit with TCG
Read More
Europe Autos Reset: Competition, Costs and Credit Risks
Read More
U.S. Special Situations Outlook: LMEs, Litigation and Bankruptcy
Read More
Conflict, Commodities and the Price of Disruption
Read MoreKnow More. Risk Better.®
Sign up to receive our latest credit insights direct to your inbox.
