Book Reviews
2020 Globalization Book of the Year
The Capital Ebbs and Flows blog awards the “Globie” to a book that “is particularly insightful on
American Affairs: A Welcome Addition To The Literature
Renowned economist and author Andrew Smithers on The Rise Of Carry: “…we face a high risk of
Cato Journal: Valuable New Perspective
Columbia University’s Allan Malz on The Rise Of Carry: “Financial systems in which many participants rely predominantly
Wilmott.com: The Fed Becomes a Carry Trader in its Own Right!
The logic of the carry trade is quite enchanting. Cheap funding, an attractive spread and the assumption
Institutional Investor: The World Is One Big Carry Trade
I realized that Tim Lee, the founder at piEconomics, had got it all figured out before he
Risky Finance: A Weapon of Financial Mass Destruction?
This is a very ambitious book, and in places its ambition causes it to overreach. Carry is
EuroFinance: The Dangers of Carry for Corporate Treasurers
Today, we are in the midst of carry bubbles coming undone, with a rush of one-way trades
Bloomberg: Carry On Like Nothing Really Matters. Until It Does.
Carry in financial markets — which is associated with liquidity provision — is a financial manifestation of
Featured Podcasts
Featured Podcasts from the Authors
![Hidden Forces podcast host Demetri Kofinas interviews Rise of Carry authors Tim Lee, Jamie Lee and Kevin Coldiron](https://riseofcarry.com/wp-content/uploads/2020/09/hiddenforces.jpg)
Hidden Forces Podcast: Episode #153 The Rise of Carry
Hidden Forces host Demetri Kofinas speaks with authors Kevin Coldiron, Jamie Lee, and Tim Lee, as they
![OddLots Podcast hosts Joe Weisenthal and Tracy Alloway interview Rise Of Carry authors Tim Lee, Jamie Lee and Kevin Coldiron](https://riseofcarry.com/wp-content/uploads/2020/10/OddLots2-e1651789447656.png)
Odd Lots Podcast: Volatility Suppression Turned the Entire Economy Into One Big Carry Trade
Odd Lots Podcast hosts Joe Weisenthal and Tracy Alloway talk with the Rise of Carry authors about
![](https://riseofcarry.com/wp-content/uploads/2022/05/TTU_Small-768x576.jpg)
Top Traders Unplugged: The Good, The Bad and The Ugly of Carry Traders
Rise of Carry co-author Kevin Coldiron talks with Top Traders Unplugged about where we are in the
![](https://riseofcarry.com/wp-content/uploads/2022/05/BookLegs3-768x576.jpg)
A Book With Legs: How The Carry Regime Shapes Today’s Markets
Cole Smead of Smead Capital Management talks with Rise of Carry co-author Kevin Coldiron about how carry
![The Finance Showcase](https://riseofcarry.com/wp-content/uploads/2022/05/Logo_Large.jpg)
Finance Showcase: Paradox of Central Banks
Prarthana Shetty hosts The Finance Showcase featuring Rise of Carry co-author Kevin Coldiron discussing the paradox of
![](https://riseofcarry.com/wp-content/uploads/2022/05/empiresclothes-e1651789137862.jpg)
The Empire’s New Clothes: Why Central Banks Are Powerless
The Empire’s New Clothes is a YouTube documentary series that examines why empire rise and fall. Rise
![unSILOed Podcast interview with Rise Of Carry author Kevin Coldiron](https://riseofcarry.com/wp-content/uploads/2021/08/unsiloed2-768x432.jpg)
unSILOed Podcast: Episode #12 Understanding Carry Trades
This unSILOed Podcast episode asks: How do carry trades work and why are they so influential in
![Strategic Treasurer podcast host Craig Jeffrey interviews Rise Of Carry author Kevin Coldiron](https://riseofcarry.com/wp-content/uploads/2020/09/Podcast-blog-banner2-768x225.png)
The Treasury Update Podcast: Episode #106 The Rise and Fall of Carry
Host Craig Jeffery interviews Kevin Coldiron on Rise of Carry. Listen in as they discuss the concept
![Cash Flow Academy podcast host Andy Tanner interviews Rise Of Carry author Kevin Coldiron](https://riseofcarry.com/wp-content/uploads/2020/09/The-Cashflow-Academy-Podcast-Episode-98-Carry-Trades-768x439.jpg)
The Cashflow Academy Podcast: Episode #98: Carry Trades
Unprecedented central banking intervention into financial markets has turned global markets into one big carry trade. Discover
Articles by Rise of Carry Authors
Featured Articles from the Authors
![Image of Wilmott Magazine's January 2021 cover story entitled The End Of Carry written by Rise Of Carry authors Tim Lee, Jamie Lee and Kevin Coldiron.](https://riseofcarry.com/wp-content/uploads/2021/08/Carry3.png)
The End Of Carry?
This Wilmott Magazine article asks: is the carry regime continuing or are financial markets transitioning to a new phase?
![MoneyWeek article about how volatility markets will let us know if we are headed for a repeat of the 1970's, written by Rise Of Carry author Tim Lee](https://riseofcarry.com/wp-content/uploads/2020/09/How-markets-will-reveal-what-the-future-holds-768x431.jpg)
How Markets Will Reveal What the Future Holds
The crash would have happened even without the virus, says Tim Lee. Are we are headed for
![Image of Bernie Madoff for Money Week article written by Rise Of Carry author Tim Lee](https://riseofcarry.com/wp-content/uploads/2020/09/1008_MW_P26_Opinion-768x432.jpg)
Why Our Economy is a Giant Ponzi Scheme
In trying to maintain the status quo, central banks and governments are storing up trouble for investors,
![Image of Jerome Powell for Forbes article about why Federal Reserve independence will disappear in the next market crisis; article written by Rise Of Carry author Kevin Coldiron](https://riseofcarry.com/wp-content/uploads/2020/09/JeromePowell-768x525.jpg)
The Fed’s Days of Independence are Numbered
Federal Reserve independence is at risk. Kevin Coldiron explains why this means volatility is going to stay
![Image of Federal Reserve for Forbes article entitled The Fed Is Going To Buy Stocks, written by Rise Of Carry author Kevin Coldiron](https://riseofcarry.com/wp-content/uploads/2020/09/The-Fed-Is-Going-To-Buy-Stocks-768x576.jpg)
The Fed Is Going To Buy Stocks
Supporting the S&P 500 is becoming central to Fed’s effort to prop up the economy, not because