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Propelling The Market
March 27, 2024
Our usual Friday guest: Karl Denninger joins Kevin O’Neill for our first hour to discuss the mechanics involved in the Baltimore bridge collapse and the possible resulting economic effects alongside a small chat on sports betting and more. Russell Rhoads hops in for our second hour to chat on updates in the market, arguments for a ban on Tik-Tok and a touch of political chat.
Guests & Co-Hosts
KARL DENNINGER
Karl Denninger co-hosts Stocks & Jocks during the 2nd hour every Friday morning. He is an American technology businessman, finance blogger, and political activist, sometimes referred to as a founding member of the Tea Party movement.
Denninger was the founder and CEO of MCSNet in Chicago. Opened as Macro Computer Solutions, Incorporated in 1987, it expanded its service offerings in 1993 to become one of the area’s first commercial internet service providers. Among its customers was the Chicago Public Library, which relied on MCSNet for both internet access and web hosting. In 1997 he led a coalition of ISPs in setting up the Enhanced Domain Name System, a short-lived alternative DNS root which allowed registrants to add their own generic top-level domains. Denninger continued to run MCSNet until August 1998, when he sold it to Winstar Communications for an undisclosed amount. For his efforts, the Chicago Sun-Times dubbed him one of “the movers and shakers who brought Chicago into the Internet Age”. After the sale of MCSNet, he moved to the Southeast, where he began to devote more time to stock trading and political activism.
KEVIN O’NEILL
Kevin O’Neill is our Wednesday and Friday morning sports guy. His segment emphasizes what happens off the field as much as what happens on the field. All businesses have their intrigue, but the inner workings of sports organizations find their way into the public domain frequently. Unless a rant from the Chief spills into Kevin’s segment (not an unusual occurrence), he will highlight some of those sports related business issues; but be advised that those highlights usually come with an opinion.
RUSSELL RHOADS
Russell Rhoads is the associate clinical professor of financial management at the Kelley Business School at IUPUI. His areas of expertise include behavioral finance, derivatives, market volatility, financial markets and bitcoin and cryptocurrencies. Rhoads most recently was a clinical professor of finance and director of the Master of Science in Finance Program at Loyola University in Chicago, where he taught corporate finance, investments, derivatives, investment banking and financial ethics, among other topics. He also has worked as the head of research and consulting at EQDerivatives; Head of Derivative Research at TABB Group; Director of Education at CBOE Global Markets and as a portfolio manager, equity option trader and equity analyst at a number of companies.