Talk Your Book: Do We Need the Federal Reserve?

Author

Michael Batnick
July 13, 2026

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Today's Talk Your Book is sponsored by F/m Investments:

To learn more about F/m Investments and our ETFs visit: www.fminvest.com/etfs

On today’s show, we discuss:

  • F/m Labs

  • Interactive Yield Chart

  • Interest Rate Scenario Analysis

  • The case for TIPS over nominal treasuries in today's environment

  • Why ZTOP only buys the largest, most liquid high yield issuers

  • Why bond investors are warier of hyperscaler debt than equity investors are

  • Building an AI model trained on Fed governor Kevin Warsh's own words

Animal Spirits:

Animal Spirits Podcast

Animal spirits is a show about markets, life, and investing. Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, listening to and…

podcasts.thecompoundnews.com/show/animalspirits

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Disclosures from F/m Investments:

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