{"podcast":{"title":"Excess Returns","slug":"excess-returns-902655","podcast_index_feed_id":902655,"rss_url":"https://anchor.fm/s/9a1dfac/podcast/rss","website_url":"https://excessreturnspod.com","image_url":"https://d3t3ozftmdmh3i.cloudfront.net/staging/podcast_uploaded_nologo/1516035/1516035-1743436234284-87994a171a4a2.jpg","author":"Excess Returns","episode_count":538,"summary":"Excess Returns is dedicated to making you a better long-term investor and making complex investing topics understandable. Join Jack Forehand, Justin Carbonneau and Matt Zeigler as they sit down with some of the most interesting names in finance to discuss topics like macroeconomics, value investing, factor investing, and more. Subscribe to learn along with us.","last_synced_at":"2026-07-24T02:20:13.514542+00:00","page_url":"https://stenobird.com/podcast/excess-returns-902655"},"episodes":[{"title":"Not a Time for Big Bets | Aahan Menon on What 60 Years of Regime Data Says About Today’s 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Money","slug":"we-asked-the-man-who-mapped-the-ai-economy-if-the-boom-is-real-and-who-keeps-the-money","published_at":"2026-07-21T23:17:13+00:00","page_url":"https://stenobird.com/podcast/excess-returns-902655/we-asked-the-man-who-mapped-the-ai-economy-if-the-boom-is-real-and-who-keeps-the-money","url":"https://podcasters.spotify.com/pod/show/excess-returns/episodes/We-Asked-the-Man-Who-Mapped-the-AI-Economy-If-the-Boom-Is-Real--And-Who-Keeps-the-Money-e3mckk9","duration_seconds":4531,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/excess-returns-902655/episodes/we-asked-the-man-who-mapped-the-ai-economy-if-the-boom-is-real-and-who-keeps-the-money/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/excess-returns-902655/we-asked-the-man-who-mapped-the-ai-economy-if-the-boom-is-real-and-who-keeps-the-money.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]},{"title":"It Only Happens at Bottoms | Andy Constan on the Options Extreme That Showed Up at the Highs","slug":"it-only-happens-at-bottoms-andy-constan-on-the-options-extreme-that-showed-up-at-the-highs","published_at":"2026-07-18T19:38:12+00:00","page_url":"https://stenobird.com/podcast/excess-returns-902655/it-only-happens-at-bottoms-andy-constan-on-the-options-extreme-that-showed-up-at-the-highs","url":"https://podcasters.spotify.com/pod/show/excess-returns/episodes/It-Only-Happens-at-Bottoms--Andy-Constan-on-the-Options-Extreme-That-Showed-Up-at-the-Highs-e3m8f1u","duration_seconds":3456,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/excess-returns-902655/episodes/it-only-happens-at-bottoms-andy-constan-on-the-options-extreme-that-showed-up-at-the-highs/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/excess-returns-902655/it-only-happens-at-bottoms-andy-constan-on-the-options-extreme-that-showed-up-at-the-highs.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]},{"title":"Jack Schwager on Timeless Lessons from Elite Traders","slug":"jack-schwager-on-timeless-lessons-from-elite-traders","published_at":"2026-07-16T19:31:53+00:00","page_url":"https://stenobird.com/podcast/excess-returns-902655/jack-schwager-on-timeless-lessons-from-elite-traders","url":"https://podcasters.spotify.com/pod/show/excess-returns/episodes/Jack-Schwager-on-Timeless-Lessons-from-Elite-Traders-e3m63bb","duration_seconds":3715,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/excess-returns-902655/episodes/jack-schwager-on-timeless-lessons-from-elite-traders/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/excess-returns-902655/jack-schwager-on-timeless-lessons-from-elite-traders.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]},{"title":"The Recession the Unemployment Rate Can't See | Eric Pachman on the Data Beneath the Jobs Report","slug":"the-recession-the-unemployment-rate-can-t-see-eric-pachman-on-the-data-beneath-the-jobs-report","published_at":"2026-07-14T13:13:51+00:00","page_url":"https://stenobird.com/podcast/excess-returns-902655/the-recession-the-unemployment-rate-can-t-see-eric-pachman-on-the-data-beneath-the-jobs-report","url":"https://podcasters.spotify.com/pod/show/excess-returns/episodes/The-Recession-the-Unemployment-Rate-Cant-See--Eric-Pachman-on-the-Data-Beneath-the-Jobs-Report-e3m2pb5","duration_seconds":3976,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/excess-returns-902655/episodes/the-recession-the-unemployment-rate-can-t-see-eric-pachman-on-the-data-beneath-the-jobs-report/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/excess-returns-902655/the-recession-the-unemployment-rate-can-t-see-eric-pachman-on-the-data-beneath-the-jobs-report.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]},{"title":"Jim Paulsen Sees a Correction Coming | The 33 Charts That Turned Him Cautious","slug":"jim-paulsen-sees-a-correction-coming-the-33-charts-that-turned-him-cautious","published_at":"2026-07-11T13:18:55+00:00","page_url":"https://stenobird.com/podcast/excess-returns-902655/jim-paulsen-sees-a-correction-coming-the-33-charts-that-turned-him-cautious","url":"https://podcasters.spotify.com/pod/show/excess-returns/episodes/Jim-Paulsen-Sees-a-Correction-Coming--The-33-Charts-That-Turned-Him-Cautious-e3luo8e","duration_seconds":3523,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/excess-returns-902655/episodes/jim-paulsen-sees-a-correction-coming-the-33-charts-that-turned-him-cautious/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/excess-returns-902655/jim-paulsen-sees-a-correction-coming-the-33-charts-that-turned-him-cautious.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]},{"title":"Big Uptrend. Tech Momentum Fading | Katie Stockton on the Rotation Investors Are Missing","slug":"big-uptrend-tech-momentum-fading-katie-stockton-on-the-rotation-investors-are-missing","published_at":"2026-07-09T09:00:00+00:00","page_url":"https://stenobird.com/podcast/excess-returns-902655/big-uptrend-tech-momentum-fading-katie-stockton-on-the-rotation-investors-are-missing","url":"https://podcasters.spotify.com/pod/show/excess-returns/episodes/Big-Uptrend--Tech-Momentum-Fading--Katie-Stockton-on-the-Rotation-Investors-Are-Missing-e3lreun","duration_seconds":3224,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/excess-returns-902655/episodes/big-uptrend-tech-momentum-fading-katie-stockton-on-the-rotation-investors-are-missing/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/excess-returns-902655/big-uptrend-tech-momentum-fading-katie-stockton-on-the-rotation-investors-are-missing.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]},{"title":"We Asked a $1 Billion Quant Manager Why Concentration Isn't a Warning — and Small Caps Aren't Dead","slug":"we-asked-a-1-billion-quant-manager-why-concentration-isn-t-a-warning-and-small-caps-aren-t-dead","published_at":"2026-07-07T20:58:53+00:00","page_url":"https://stenobird.com/podcast/excess-returns-902655/we-asked-a-1-billion-quant-manager-why-concentration-isn-t-a-warning-and-small-caps-aren-t-dead","url":"https://podcasters.spotify.com/pod/show/excess-returns/episodes/We-Asked-a-1-Billion-Quant-Manager-Why-Concentration-Isnt-a-Warning--and-Small-Caps-Arent-Dead-e3lpm8a","duration_seconds":3445,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/excess-returns-902655/episodes/we-asked-a-1-billion-quant-manager-why-concentration-isn-t-a-warning-and-small-caps-aren-t-dead/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/excess-returns-902655/we-asked-a-1-billion-quant-manager-why-concentration-isn-t-a-warning-and-small-caps-aren-t-dead.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]},{"title":"The $600 Billion Loop | Jeff Klingelhofer on AI, the Return of Bonds and the Fed's Third Mandate","slug":"the-600-billion-loop-jeff-klingelhofer-on-ai-the-return-of-bonds-and-the-fed-s-third-mandate","published_at":"2026-07-06T20:10:22+00:00","page_url":"https://stenobird.com/podcast/excess-returns-902655/the-600-billion-loop-jeff-klingelhofer-on-ai-the-return-of-bonds-and-the-fed-s-third-mandate","url":"https://podcasters.spotify.com/pod/show/excess-returns/episodes/The-600-Billion-Loop--Jeff-Klingelhofer-on-AI--the-Return-of-Bonds-and-the-Feds-Third-Mandate-e3lo1m3","duration_seconds":3393,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/excess-returns-902655/episodes/the-600-billion-loop-jeff-klingelhofer-on-ai-the-return-of-bonds-and-the-fed-s-third-mandate/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/excess-returns-902655/the-600-billion-loop-jeff-klingelhofer-on-ai-the-return-of-bonds-and-the-fed-s-third-mandate.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]},{"title":"We Asked Meb Faber Why US Stocks Won for 250 Years — And If It Can Continue","slug":"we-asked-meb-faber-why-us-stocks-won-for-250-years-and-if-it-can-continue","published_at":"2026-07-05T11:20:25+00:00","page_url":"https://stenobird.com/podcast/excess-returns-902655/we-asked-meb-faber-why-us-stocks-won-for-250-years-and-if-it-can-continue","url":"https://podcasters.spotify.com/pod/show/excess-returns/episodes/We-Asked-Meb-Faber-Why-US-Stocks-Won-for-250-Years--And-If-It-Can-Continue-e3lm241","duration_seconds":3698,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/excess-returns-902655/episodes/we-asked-meb-faber-why-us-stocks-won-for-250-years-and-if-it-can-continue/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/excess-returns-902655/we-asked-meb-faber-why-us-stocks-won-for-250-years-and-if-it-can-continue.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]},{"title":"Semis Gone Parabolic. Fed Credibility Reversal. Can the Rally Survive the Flows?","slug":"semis-gone-parabolic-fed-credibility-reversal-can-the-rally-survive-the-flows","published_at":"2026-07-03T21:45:59+00:00","page_url":"https://stenobird.com/podcast/excess-returns-902655/semis-gone-parabolic-fed-credibility-reversal-can-the-rally-survive-the-flows","url":"https://podcasters.spotify.com/pod/show/excess-returns/episodes/Semis-Gone-Parabolic--Fed-Credibility-Reversal--Can-the-Rally-Survive-the-Flows-e3lk9vh","duration_seconds":3877,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/excess-returns-902655/episodes/semis-gone-parabolic-fed-credibility-reversal-can-the-rally-survive-the-flows/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/excess-returns-902655/semis-gone-parabolic-fed-credibility-reversal-can-the-rally-survive-the-flows.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]},{"title":"The AI Trade, the Fed and the Next Phase of the Bull Market | Warren Pies","slug":"the-ai-trade-the-fed-and-the-next-phase-of-the-bull-market-warren-pies","published_at":"2026-07-02T08:54:58+00:00","page_url":"https://stenobird.com/podcast/excess-returns-902655/the-ai-trade-the-fed-and-the-next-phase-of-the-bull-market-warren-pies","url":"https://podcasters.spotify.com/pod/show/excess-returns/episodes/The-AI-Trade--the-Fed-and-the-Next-Phase-of-the-Bull-Market--Warren-Pies-e3lib5s","duration_seconds":3330,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/excess-returns-902655/episodes/the-ai-trade-the-fed-and-the-next-phase-of-the-bull-market-warren-pies/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/excess-returns-902655/the-ai-trade-the-fed-and-the-next-phase-of-the-bull-market-warren-pies.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]},{"title":"He Wrote the Book on Why Moats Fail | Ritavan on What Actually Compounds Instead","slug":"he-wrote-the-book-on-why-moats-fail-ritavan-on-what-actually-compounds-instead","published_at":"2026-07-01T11:56:53+00:00","page_url":"https://stenobird.com/podcast/excess-returns-902655/he-wrote-the-book-on-why-moats-fail-ritavan-on-what-actually-compounds-instead","url":"https://podcasters.spotify.com/pod/show/excess-returns/episodes/He-Wrote-the-Book-on-Why-Moats-Fail--Ritavan-on-What-Actually-Compounds-Instead-e3lgvh0","duration_seconds":4319,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/excess-returns-902655/episodes/he-wrote-the-book-on-why-moats-fail-ritavan-on-what-actually-compounds-instead/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/excess-returns-902655/he-wrote-the-book-on-why-moats-fail-ritavan-on-what-actually-compounds-instead.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]},{"title":"The 100 Year Thinkers: Chris Mayer on SpaceX, AI Reckoning, and Why Early Is Overrated","slug":"the-100-year-thinkers-chris-mayer-on-spacex-ai-reckoning-and-why-early-is-overrated","published_at":"2026-06-27T20:24:14+00:00","page_url":"https://stenobird.com/podcast/excess-returns-902655/the-100-year-thinkers-chris-mayer-on-spacex-ai-reckoning-and-why-early-is-overrated","url":"https://podcasters.spotify.com/pod/show/excess-returns/episodes/The-100-Year-Thinkers-Chris-Mayer-on-SpaceX--AI-Reckoning--and-Why-Early-Is-Overrated-e3lbuak","duration_seconds":3506,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/excess-returns-902655/episodes/the-100-year-thinkers-chris-mayer-on-spacex-ai-reckoning-and-why-early-is-overrated/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/excess-returns-902655/the-100-year-thinkers-chris-mayer-on-spacex-ai-reckoning-and-why-early-is-overrated.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]},{"title":"We Asked GMO’s Head of Asset Allocation Why This Bubble is Easy — But Investors Will Get it Wrong","slug":"we-asked-gmo-s-head-of-asset-allocation-why-this-bubble-is-easy-but-investors-will-get-it-wrong","published_at":"2026-06-24T13:25:15+00:00","page_url":"https://stenobird.com/podcast/excess-returns-902655/we-asked-gmo-s-head-of-asset-allocation-why-this-bubble-is-easy-but-investors-will-get-it-wrong","url":"https://podcasters.spotify.com/pod/show/excess-returns/episodes/We-Asked-GMOs-Head-of-Asset-Allocation-Why-This-Bubble-is-Easy--But-Investors-Will-Get-it-Wrong-e3l7iod","duration_seconds":4141,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/excess-returns-902655/episodes/we-asked-gmo-s-head-of-asset-allocation-why-this-bubble-is-easy-but-investors-will-get-it-wrong/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/excess-returns-902655/we-asked-gmo-s-head-of-asset-allocation-why-this-bubble-is-easy-but-investors-will-get-it-wrong.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]},{"title":"Finding Quality Growth in Emerging Markets with Ian Smith","slug":"finding-quality-growth-in-emerging-markets-with-ian-smith","published_at":"2026-06-22T11:52:47+00:00","page_url":"https://stenobird.com/podcast/excess-returns-902655/finding-quality-growth-in-emerging-markets-with-ian-smith","url":"https://podcasters.spotify.com/pod/show/excess-returns/episodes/Finding-Quality-Growth-in-Emerging-Markets-with-Ian-Smith-e3l4aq5","duration_seconds":3473,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/excess-returns-902655/episodes/finding-quality-growth-in-emerging-markets-with-ian-smith/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/excess-returns-902655/finding-quality-growth-in-emerging-markets-with-ian-smith.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]},{"title":"The $2 Trillion Question | Tobias Carlisle on SpaceX, the AI Buildout, and the Rotation No One Sees","slug":"the-2-trillion-question-tobias-carlisle-on-spacex-the-ai-buildout-and-the-rotation-no-one-sees","published_at":"2026-06-20T13:10:11+00:00","page_url":"https://stenobird.com/podcast/excess-returns-902655/the-2-trillion-question-tobias-carlisle-on-spacex-the-ai-buildout-and-the-rotation-no-one-sees","url":"https://podcasters.spotify.com/pod/show/excess-returns/episodes/The-2-Trillion-Question--Tobias-Carlisle-on-SpaceX--the-AI-Buildout--and-the-Rotation-No-One-Sees-e3l20ri","duration_seconds":3498,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/excess-returns-902655/episodes/the-2-trillion-question-tobias-carlisle-on-spacex-the-ai-buildout-and-the-rotation-no-one-sees/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/excess-returns-902655/the-2-trillion-question-tobias-carlisle-on-spacex-the-ai-buildout-and-the-rotation-no-one-sees.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]},{"title":"The Trillion Dollar Gap | Aswath Damodaran on SpaceX, AI and the Big Market 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Instead","slug":"we-asked-david-rosenberg-why-he-owns-almost-no-us-stocks-and-what-he-holds-instead","published_at":"2026-04-19T13:35:03+00:00","page_url":"https://stenobird.com/podcast/excess-returns-902655/we-asked-david-rosenberg-why-he-owns-almost-no-us-stocks-and-what-he-holds-instead","url":"https://podcasters.spotify.com/pod/show/excess-returns/episodes/We-Asked-David-Rosenberg-Why-He-Owns-Almost-No-US-Stocks--and-What-He-Holds-Instead-e3i4it8","duration_seconds":3928,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/excess-returns-902655/episodes/we-asked-david-rosenberg-why-he-owns-almost-no-us-stocks-and-what-he-holds-instead/transcription-requests","description":"Idempotently request low-priority transcript generation for this 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Next","slug":"the-market-the-tweets-can-t-break-what-the-options-market-tells-us-about-what-comes-next","published_at":"2026-04-11T23:45:58+00:00","page_url":"https://stenobird.com/podcast/excess-returns-902655/the-market-the-tweets-can-t-break-what-the-options-market-tells-us-about-what-comes-next","url":"https://podcasters.spotify.com/pod/show/excess-returns/episodes/The-Market-the-Tweets-Cant-Break--What-the-Options-Market-Tells-Us-About-What-Comes-Next-e3hov3r","duration_seconds":4142,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/excess-returns-902655/episodes/the-market-the-tweets-can-t-break-what-the-options-market-tells-us-about-what-comes-next/transcription-requests","description":"Idempotently request low-priority transcript generation for this 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Time","slug":"the-walmart-indicator-just-hit-2008-levels-jim-paulsen-on-the-big-difference-this-time","published_at":"2026-04-08T14:08:20+00:00","page_url":"https://stenobird.com/podcast/excess-returns-902655/the-walmart-indicator-just-hit-2008-levels-jim-paulsen-on-the-big-difference-this-time","url":"https://podcasters.spotify.com/pod/show/excess-returns/episodes/The-Walmart-Indicator-Just-Hit-2008-Levels--Jim-Paulsen-on-the-Big-Difference-This-Time-e3hjvep","duration_seconds":3586,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/excess-returns-902655/episodes/the-walmart-indicator-just-hit-2008-levels-jim-paulsen-on-the-big-difference-this-time/transcription-requests","description":"Idempotently request low-priority transcript generation for this 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Next","slug":"the-signal-before-the-spike-katie-stockton-on-what-the-charts-tell-us-about-what-comes-next","published_at":"2026-04-03T13:26:30+00:00","page_url":"https://stenobird.com/podcast/excess-returns-902655/the-signal-before-the-spike-katie-stockton-on-what-the-charts-tell-us-about-what-comes-next","url":"https://podcasters.spotify.com/pod/show/excess-returns/episodes/The-Signal-Before-the-Spike--Katie-Stockton-on-What-the-Charts-Tell-Us-About-What-Comes-Next-e3hcjgb","duration_seconds":2914,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/excess-returns-902655/episodes/the-signal-before-the-spike-katie-stockton-on-what-the-charts-tell-us-about-what-comes-next/transcription-requests","description":"Idempotently request low-priority transcript generation for this 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