Dive into the complete episode list for WTFinance. Each episode is cataloged with detailed descriptions, making it easy to find and explore specific topics. Keep track of all episodes from your favorite podcast and never miss a moment of insightful content.
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Title
Pub. Date
Duration
Market Pain as Economy Crashes with Michael Oliver
21 Mar 2025
00:35:13
Interview recorded - 13th of March 2025
On this episode of the WTFinance podcast I had the pleasure of welcoming back Michael Oliver. Michael is the founder of Momentum Structural Analysis.
During our conversation we spoke about the current risk of a recession, what this means for markets, why there could be a long bear market, gold, the commodity super cycle and more. I hope you enjoy!
0:00 - Introduction 1:17 - Thoughts on markets? 6:13 - How do you define a market? 10:51 - Surprised about market strength? 20:51 - Dollar to come down 22:11 - Recession 24:41 - Gold 32:26 - Commodity super cycle?
J. Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton’s International Commodity Division, headquartered in New York City's Battery Park. He studied under David Johnston, head of Hutton’s Commodity Division and Chairman of the COMEX.
In the 1980s Mike began to develop his own momentum-based method of technical analysis. He learned early on that orthodox price chart technical analysis left many unanswered questions and too often deceived those who trusted in price chart breakouts, support/resistance, and so forth.
In 1987 Mike technically anticipated and caught the Crash. It was then that he decided to develop his structural momentum tools into a full analytic methodology.
In 1992 the Financial VP and head of Wachovia Bank's Trust Department asked Mike to provide soft dollar research to Wachovia. Within a year, Mike shifted from brokerage to full-time technical research. He is also the author of The New Libertarianism: Anarcho-Capitalism.
On this episode of the WTFinance podcast I have the pleasure of welcoming on Dr Steve Keen. Steve is a critically acclaimed economist who is looking to debunk traditional economics.
During our conversation we spoke about the current state of the global economy, why economists have everything wrong, why Trump should not be cutting the deficit, what this will lead to and more. I hope you enjoy!
0:00 - Introduction 1:19 - Overview of global economy 3:24 - Why is cutting the deficit wrong? 6:26 - Government spending sustainable? 20:19 - UK poor example 21:01 - Best deficit? 23:46 - Interest rates not an issue 30:31- Financialisation 39:46 - One message to takeaway from our conversation?
Steve Keen is an Australian economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific, and empirically unsupported.
Keen was formerly an associate professor of economics at University of Western Sydney. In 2014, he became a professor and Head of the School of Economics, History and Politics at Kingston University in London. He has since taken retirement and is crowd source funded to undertake independent research as well as being a Distinguished Research Fellow at the Institute for Strategy Resilience & Security, University College London.
The New Economic Order as The West Loses Control with Warwick Powell
08 Feb 2025
00:51:49
Interview recorded - 2nd of February, 2025
On this episode of the WTFinance podcast I had the pleasure of welcoming back Warwick Powell. Warwick as an Adjunct Professor at the Queensland University of Technology working at the intersection of China, digital technologies, supply chains, financial flows and global political economy & governance.
During our conversation we spoke about tariffs, potential retaliations, the hollowing out of Western manufacturing, the new world order, worlds need for dollars, Chinese self sufficiency, deep seek and more. I hope you enjoy!
0:00 - Introduction 1:53- Tariffs 5:53 - Chinese retaliation? 9:38 - Does US have a reason to implement tariffs? 14:33 - Hollowing of Western manufacturing 17:21 - Link to financialisation and globalisation? 19:53 - World need dollars 22:23 - US consumption 25:53 - China being self sufficient 28:28 - China greater risk of external factors? 32:43 - Limitation of growing manufacturing 36:07 - Deep seek 41:13 - Opensource in China? 43:58- Soft power 45:21 - Global economic change 47:58 - One message to takeaway?
Warwick began his career in academia, teaching Chinese history and European cultural history at Griffith University. He graduated with First Class Honours and is the recipient of the prestigious University Medal for Academic Excellence. Warwick was also awarded a Department of Foreign Affairs and Trade scholarship to undertake postgraduate studies at People’s University, Beijing. He deferred his studies to begin work for Kevin Rudd in the Queensland Government.
He is the chairman and founder of Sister City Partners Limited, a not-for-profit investment bank focusing on developing links between regional Australia and the markets of Asia. Through this work, Warwick has experience in diverse industries including cattle and sheep production and processing, information and communication technology, infrastructure, energy, natural resources, travel and tourism and property development.
He is a director of a number of funds management companies responsible for funds established under an ASIC-approved Australian Financial Services License. He is a member of the Central Highlands Accelerate Agribusiness Advisory Board and was the founding Treasurer of Innovation NQ Inc., a not-for-profit innovation incubator in North Queensland.
He continues to teach professional courses in areas such as innovation, creativity, regional economic development and blockchain technology with James Cook University, QUT and Edith Cowan University.
Risk of Energy Warfare, Geopolitics, European Winter with Doomberg
25 Oct 2023
00:24:11
Interview recorded - 19th of October, 2023
On this episode of the WTFinance podcast I had the pleasure of welcoming back Doomberg .
During our conversation we spoke about whether the US is still driving enemies together, current Middle East conflict impact on energy, Europe this winter and more. I hope you enjoy!
0:00 - Introduction 1:09 - Is the US continuing to drive enemies together? 3:34 - Greatest risk from the middle east conflict? 5:19 - Impact on energy security? 8:34 - Geopolitical risks globally 10:34 - What is happening in energy? 12:14 - Underestimating chance of a recession in the US? 14:39 - Where is the risk? 16:22 - Venezuela oil a benefit? 19:09 - Will Europe be ok this winter? 21:58 - One message to takeaway from our conversation?
The group started writing Doomberg in May of 2021 to highlight the fundamentals missing from many economic and policy decisions, and it quickly grew to be one of the most widely read finance newsletters on Substack.
This publication is their passion, and the content is borne out of the team’s deep experience in heavy industry, private equity, and the hard sciences. Family offices and c-suite executives hired them to deliver innovative thinking and clarity to complex problems – they operate as though their subscribers share those same expectations.
Read their full bio here - https://doomberg.substack.com/about
Shadow QE to Save the Bond Market? with Michael Howell
23 Oct 2023
00:43:29
Interview recorded - 20th of October, 2023
On this episode of the WTFinance podcast I had the pleasure of speaking with Michael Howell - Founder & Managing Director of CrossBorder Capital.
During our conversation we spoke about what is currently happening in liquidity markets, whether the FED could go towards yield control, whether all liquidity is created equal, disconnect between inflation and bond prices and more. I hope you enjoy!
0:00 - Introduction 1:40 - What is currently happening in liquidity markets? 4:08 - Will Powell let the bond markets take control? 6:15 - Could the FED go towards yield control? 8:35 - Will they have to bring in financial repression? 13:18 - Potential for another bank financial crisis? 15:45 - Bigger liquidity required for the financial system 31:45 - Is all liquidity created equal or will we see diminishing returns? 33:53 - What does increasing liquidity mean for markets? 39:55 - Disconnect between inflation and bond prices? 40:23 - One message to takeaway from our conversation?
Michael Howell is CEO of CrossBorder Capital, a London-based FCA registered, independent research and investment company that he founded in 1996. Previously he was Head of Research for Baring Securities and Research Director of Salomon Brothers Inc, the US investment bank. The liquidity methodology he pioneered monitors cross-border flows and Central Bank behaviour across some 80 countries world-wide. Liquidity flows are a central part of CrossBorder Capital's asset allocation advice, which is currently provided to major global investors, including institutional asset managers, government agencies, Central Banks and endowment funds. Michael has been in financial markets since 1981 and is a regular conference speaker and media commentator. He graduated from Bristol and London Universities with a finance doctorate, specialising in Fixed Income.
FED Policy Errors, Bond Carnage to Continue & Higher Inflation for Longer with Jim Bianco
20 Oct 2023
00:39:44
Interview recorded - 19th of October 2023
On this episode of the WTFinance podcast I had the pleasure of welcoming on Jim Bianco - President and Macro strategist at Bianco Research.
On this episode we spoke about increasing yields on the long end, the new normal, why this could lead to higher inflation for longer, economic indicators that Jim believes show the new normal, assets to outperform current situation and more. I hope you enjoy!
0:00 - Introduction 1:19 - What is Jim currently watching? 5:14 - Why would a pivot increase yields on the long end? 13:44 - What level will bonds have to be for the FED to intervene? 17:19 - Have economist been caught of guard by the new normal? 22:04 - Current economic indicators to watch? 26:19 - Will fiscal spending remain the same? 29:43 - What assets outperform current scenario? 36:34 - One message to takeaway from our conversation?
Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim’s commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades long reputation for objective, incisive commentary that challenges consensus thinking. In nearly 20 years at Bianco Research, Jim’s wide ranging commentaries have addressed monetary policy, the intersection of markets and politics, the role of government in the economy, fund flows and positioning in financial markets.
Jim appears regularly on CNBC, Bloomberg and Fox Business, and is often featured in the Wall Street Journal, Bloomberg News, Grants Interest Rate Observer, and MarketWatch. Prior to joining Arbor and Bianco Research, Jim was a Market Strategist in equity and fixed income research at UBS Securities and Equity Technical Analyst at First Boston and Shearson Lehman Brothers. He is a Chartered Market Technician (CMT) and a member of the Market Technicians Association (MTA). Jim has a Bachelor of Science degree in Finance from Marquette University (1984) and an MBA from Fordham University (1989).
Predicting Financial Crises, Short-Term Policies, Bond Crash with Didier Sornette
13 Oct 2023
00:47:52
Interview recorded - 11th of October, 2023
On this episode of the WTFinance podcast I had the pleasure of speaking with Didier Sornette - Emeritus Professor of Entrepreneurial Risks at ETH Zurich; and Chair Professor and co-Dean of the Institute of Risk Analysis, Prediction, and Management (Risks-X) at the Southern University of Science and Technology (SUSTech) Shenzhen.
During our conversation we spoke about whether you can predict financial crises, how this was done during 2008, what Didier is seeing in current markets and how this may link to the current bond markets. I hope you enjoy!
0:00 - Introduction 1:41 - Can you predict financial crises? 5:26 - Finding preluding indicators before crises? 9:21 - What did Didier see during 2008 to see risk in the housing markets? 16:21 - FED’s trying to reduce risk as much as possible 23:56 - Are we currently heading towards a crisis? 36:00 - Bond market housing market comparison? 42:01 - One message to takeaway from our conversation?
Didier Sornette is Emeritus Professor of Entrepreneurial Risks at ETH Zurich, and Chair Professor and co-Dean of the Institute of Risk Analysis, Prediction, and Management (Risks-X) at the Southern University of Science and Technology (SUSTech) Shenzhen. Since his recent retirement from ETH Zurich, Professor Sornette has been working actively with the private sector on developing socially important products with clear applications in the medical field and in dynamic financial risk management.
Professor Sornette is using data-driven mathematical statistical analysis to study the predictability and control of crises and extreme events in complex systems. His key contribution is to use nonlinear multi-variable dynamical settings that include both positive and negative feedback. The results obtained help us better understand the overall stability and instability of financial markets.
Debt Markets Shifting Towards Collapse with Gregory Mannarino
11 Oct 2023
00:30:23
Interview recorded - 10th of October, 2023
On this episode of the WTFinance podcast I had the pleasure of welcoming back - “The Robin Hood of Wall Street” and Founder of Traders Choice.
During our conversation we spoke about the continued debt issue, what is happening with government bonds, why we are seeing a liquidity vacuum, the current system and more. I hope you enjoy!
0:00 - Introduction 1:04 - What are we currently seeing in the markets? 5:16 - What is happening in the debt market? 8:10 - What is happening in long duration government bonds? 11:55 - Why is there a liquidity vacuum? 15:45 - Will we see a changing system in the short term? 18:40 - What will be the first to crack? 21:10 - Crises to benefit assets? 26:45 - Precious metals benefit when debt markets have issues 28:10 - One message to takeaway from our conversation?
Gregory Mannarino, also known as "The Robin Hood Of Wall Street," is an active/full time trader of the capital markets with a world-wide following.
Born on July 22, 1965, he became interested in "Wall Street," like many others at the time, in 1987 after seeing the movie Wall Street with Michael Douglas. Around that time he was able to get an entry level position, then subsequently to the trading floor, at the now defunct bank Bear Stearns, but within a relatively short time realized that working on Wall Street was not like the movies and moved on.
He went on to get a medical degree and practiced medicine as a Physician Assistant beginning in 1996, now retired from practice. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieutenant. Gregory even published a book on casino Blackjack strategies years later, and was banned from playing the game in Las Vegas casinos.
Wil A FED Pivot Crash The Stock Market? with Amir Goren
09 Oct 2023
00:34:24
Interview recorded - 6th of October, 2023
On this episode of the WTFinance podcast I have the pleasure of speaking with Amir Goren - Principal at the Economic Defense Fund.
During our conversation we spoke about whether a FED pivot will cause a stock market crash, what impact interest rates have on markets, strong economic drivers and how long the future recession could be. I hope you enjoy!
0:00 - Introduction 1:50 - What is Amir seeing in the markets? 6:56 - No clear FED expectations could crash markets? 10:32 - What would increasing oil prices do to markets? 13:32 - Strong employment numbers in the US 17:36 - What would influence a pivot? 21:42 - What will the future recession be? 22:37 - More pain for longer? 25:32 - Is there a risk of bonds impacting US government 29:49 - How far could the market drop? 33:07 - One message to takeaway from our conversation?
Amir Goren’s unique investment approach is based on a combination of his macroeconomic analytical and econometric expertise as well as his technological background.
He holds a Ph.D in Economics from UC Irvine, MS in Biomedical Enterprise from Harvard and MIT as well as MBA and Bachelors’ in Engineering degrees from Tel Aviv University.
We Are Approaching An Uncontrollable Debt Spiral? with Jesse Felder
04 Oct 2023
00:32:26
Interview recorded - 2nd of October, 2023
On this episode of the WTFinance podcast I had the pleasure of speaking with Jesse Felder - Founder of Felder Investment Research and host of Superinvestors.
During our conversation we spoke about what we are currently seeing in the bond markets, why this could be a wrecking ball, what would make the FED have to intervene and the potential for there being a debt death spiral. I hope you enjoy!
0:00 - Introduction 0:13 - What is Jesse watching in markets? 2:35 - Why is this time different in the US? 5:10 - Lots of factors coming into play? 7:52 - Disconnect between yields and interest rates? 9:30 - Could we see a dollar wrecking ball? 12:10 - Are we experiencing a secular shift? 16:40 - What would a debt death spiral look like? 18:17 - FED forced to intervene in the market? 19:31 - How will the secular shift change markets? 21:25 - The end of overperformance of growth stocks? 24:15 - Another down year for 60 - 40 portfolio 25:50 - Diversifying portfolio into real assets 26:55 - Which assets to perform during this period? 28:40 - One message to takeaway from our conversation?
Jesse began his professional career at Bear, Stearns & Co. and later co-founded a multi-billion-dollar hedge fund firm headquartered in Santa Monica, California. Since founding Felder Investment Research, LLC, publisher of The Felder Report, his writing and research has been featured in major publications and websites like The Wall Street Journal, Barron's, Yahoo! Finance, Business Insider, Investing.com and more. Jesse also hosts and produces the Superinvestors and the Art of Worldly Wisdom podcast.
Commodity Underinvestment to Lead to Supply Shock with Rick Rule
01 Oct 2023
00:24:20
Interview Recorded - 29th of September 2023
On this episode of the WTFinance podcast I had the pleasure of speaking with Rick Rule - Former President & CEO of Sprott U.S. Holdings with decades of experience in the commodities business.
During our conversation we spoke about what Rick is currently seeing in the commodity market, potential supply gap for many commodities, who will be the winners in this scenario, whether a supply shock can be prevented and more!
0:00 - Introduction 0:15 - What Rick is currently seeing in the commodity markets? 2:18 - Short term risk of recession followed by commodity bull market 3:38 - Is there a way to fill the supply gap? 5:11 - Positive impact of innovations 6:45 - Which commodities will have the worst supply/demand gap? 9:22 - Winners in battery, industrial and precious metals? 14:36 - Precious metals diversification for bonds? 19:17 - Gold and Silver to act similarly? 21:12 - One message to takeaway from our conversation?
Rick began his career 47 years ago in 1974 in the securities business and has been involved in it ever since. He is known for his expertise in many resource sectors, including agriculture, alternative energy, forestry, oil and gas, mining, and water. In 1990, Rick founded the business now known as Sprott US Holdings” merging in into Sprott Inc. ( SII) in 2011. He retired from Sprott Inc., in 2021, and resigned from the board of directors in 2023, but remains Sprott’s largest shareholder. IMr. Rule is a sought-after speaker at industry conferences, and a frequent contributor to numerous media outlets including CNBC, Fox Business News and BNN. Mr. Rule is actively engaged in private placement markets, through originating and participating in hundreds of debt and equity transactions.
Accelerating Threat of World War 3? with James Ker-Lindsay
27 Sep 2023
00:44:21
Interview recorded - 26th of September, 2023
On this episode of the WTFinance podcast I had the pleasure of speaking with @JamesKerLindsay - A Geopolitical and Ethnic Conflicts expert. James holds a PhD in International Conflict Analysis and has published a dozen books on ethnic conflicts and territorial disputes.
During our conversation we spoke about whether we are living in more turbulent times, what the current geopolitical landscape compares to, whether a region can secede, other drivers that will impact geopolitics in the future and more. I hope you enjoy!
0:00 - Introduction 1:16 - Are we living in more turbulent times than normal? 8:14 - What does our current geopolitical landscape remind James of? 14:16 - Setting the precedent of annexing territory? 18:34 - Is the globe hypocritical on current Azerbaijan invasion? 25:26 - Is secession possible in todays day and age? 30:51 - Going back to proxy wars? 37:40 - Other drivers that will impact geopolitics in the future? 41:15 - One message to takeaway from our conversation?
James Ker-Lindsay is Visiting Professor at LSEE. His research focuses on conflict, peace and security in South East Europe (Western Balkans, Greece, Turkey and Cyprus), European Union enlargement, and secession and recognition in international politics.
He has played an active role in the development of South East European Studies, both in Britain and internationally. He is a former coordinator of the BISA Working Group on the region and is on the editorial boards of Southeast European and Black Sea Studies, the Journal of Balkan and Near Eastern Studies, and Ethnopolitics.
As well as his academic work, Prof Ker-Lindsay maintains a strong record of policy engagement and consultancy. He has worked at the Royal United Services Institute (RUSI), the world’s oldest independent security and defence studies think tank, and at the Foreign and Commonwealth Office. He has also served as an advisor to a number of governments and international organisations, including the United Nations and the Council of Europe. He appears regularly in the media and has been interviewed by many leading international news organisations, such as the BBC, CNN, Reuters, Associated Press, The Economist, The Guardian, The New York Times, Radio Free Europe, SKY News, The Times and the Wall Street Journal.
What Went Wrong with Brexit & How To Fix It with Peter Foster
25 Sep 2023
00:34:02
Interview recorded - 22nd of September, 2023
On this episode of the WTFinance podcast I had the pleasure of speaking with Peter Foster - Public Policy Editor of the Financial Times and author of the recently released book “What Went Wrong With Brexit: And What Can We Do About It”.
During our conversation we spoke about Peter's influence for writing the book, what went wrong with Brexit, whether COVID had an impact, the issue of free movement within the EU, can Brexit be fixed and more. I hope you enjoy!
0:00 - Introduction 2:16 - What was Peter’s influence for writing the book? 3:39 - Challenging for constructive conversations 6:49 - Promises laid out during BREXIT and actual implementation? 11:39 - Disaggregating COVID impact? 16:34 - Free movement was a big issue in the UK 25:17 - Can Brexit be fixed? 32:02 - One message to takeaway from our conversation?
Peter Foster is the public policy editor of the Financial Times. His brief is to break out of the bubbles of Westminster and Whitehall to cover all aspects of UK policy, including the implementation of Brexit, the recovery from the coronavirus pandemic and the economic and 'levelling up' agendas of the Rishi Sunak government.
He joined the FT in April 2020 from the Telegraph Media Group where he had held the position of Europe editor since 2015, focusing on the Brexit negotiations. He has more than two decades of experience covering global affairs from all sides of the world, based in New Delhi (2004-2008) and Beijing (2008-2012), as well as Washington DC, where he served as The Telegraph's US editor from 2012.
He also writes the FT's weekly Britain After Brexit newsletter.
Peter Foster -
Twitter - https://twitter.com/pmdfoster Book - https://www.amazon.co.uk/What-Went-Wrong-Brexit-About-ebook/dp/B0BXPVW5G1/
Market Crisis as Global War Approaches with Simon Hunt
05 Feb 2025
00:32:02
Interview recorded - 24th of January, 2025
On this episode of the WTFinance podcast I had the pleasure of welcoming back Simon Hunt.
During our conversation we spoke about his thoughts on the markets, the geopolitical challenges, BRICS alliance, US allies becoming weaker, proxy wars, gold and more. I hope you enjoy!
0:00 - Introduction 1:30 - Thoughts on markets? 2:51 - Geopolitical challenges? 17:05 - Split the BRICS alliance? 20:58 - US allies becoming weaker? 23:45 - Proxy wars 25:49 - Geopolitical risks of markets? 27:00 - What impact on other assets? 28:30 - Gold 30:40 - One message to takeaway?
Simon Hunt began his career in 1956 in Central Africa as a PA to the Chairman of Rhodesian Selection Trust, one of the two large copper companies in what was then Northern Rhodesia, now Zambia.
In 1961 he came back to London and joined Anglo American Corporation of South Africa as a PA to one of the Board Directors, followed by being part of a small sales and marketing team for copper. From there, he helped start up a new copper development organisation, CIDEC, financed by copper producers, which he then joined, focusing on conducting end-use studies of copper in Europe.
He then went into the City to gain financial experience and founded Brook Hunt in 1975. He was instrumental in setting up the company’s cost studies and end-use analyses. He appeared as material witness and consultant in two ITC anti-dumping cases in 1978 and 1984, winning both at the commission level.
He has spent 2-4 months every year in China since 1993 and until a few years ago would be visiting some 80 wire and cable and brass mill factories across the country every year. He now restricts these factory visits to a smaller number, all of which he has known for many years. He also spends many weeks each year traveling around Asia.
The focus of the company’s services is on the global economy, including the changing geopolitical and financial structures, China’s economy and its copper sector, and then the global copper industry as each part is interconnected.
Simon is the author of the “Frontline China Report Service,” which is marketed by the TIS Group. The Service provides regular reports on China’s economy, politics, and financial outlook.
Macro Regime Shift to Burst Technology Bubble with Tavi Costa
22 Sep 2023
00:41:37
Interview recorded - 18th of September, 2023
On this episode of the WTFinance podcast I had the pleasure of speaking with Tavi Costa - Partner and Portfolio manager of Crescat Capital.
During our conversation we spoke about what Tavi is currently watching, the potential macroeconomic shift, what this means for current portfolio, assets which will perform during this period and more!
0:00 - Introduction 2:01 - What is Tavi watching in markets? 6:44 - Macroeconomic shift that is occurring? 11:20 - Are markets underestimating shift or could things go back to norm? 18:42 - Why will value investors work this time? 24:19 - What alternatives to the 60/40 portfolio? 30:05 - How does Tavi invest in miners? 37:50 - One message to takeaway from our conversation?
Tavi is a Member and Macro Strategist at Crescat Capital and has been with the firm since 2013. He is responsible for developing Crescat’s macro models as part of our thematic investment process. His research has been featured in financial publications such as Bloomberg, The Wall Street Journal, Reuters, Yahoo Finance, Real Vision, and others. Tavi is a native of São Paulo, Brazil and is fluent in Portuguese, Spanish, and English. Before joining Crescat, he worked with the underwriting of financial products and in international business at Braservice, a large logistics company in Brazil. Tavi graduated cum laude from Lindenwood University in St. Louis with a B.A. degree in Business Administration with an emphasis in Finance and a minor in Spanish. Tavi played NCAA Division 1 tennis for Liberty University.
Credit Crunch to Lead to Global Banking Crisis with Alasdair Macleod
19 Sep 2023
00:51:27
Interview recorded - 19th of September, 2023
On this episode of the WTFinance podcast I had the pleasure of welcoming back Alasdair Macleod for a 3rd time - Head of Research for Goldmoney and SchiffGold.
During our conversation we touched on the current debt cycle, why the central banks are losing control of the cost of credit, whether this could lead to a credit crisis, why a gold-backed currency would be trusted and more. I hope you enjoy!
0:00 - Introduction 1:36 - What is Alasdair seeing with the economic cycle? 7:52 - Central banks to lose control of cost of credit? 12:02 - China one of the worst effected by debt issues? 20:22 - Capital flying to the US Dollar? 27:49 - Governments continuing to buy their own debt? 38:20 - Why would there be trust in gold-backed currencies? 45:27 - Will gold circulate globally? 47:12 - One message to takeaway from our conversation?
Alasdair Macleod is Head of Research for GoldMoney. He is an educator and advocates for sound money through demystifying finance and economics. His background includes being a stockbroker, banker, and economist.
Alasdair Macleod started his career as a stockbroker in 1970 on the London Stock Exchange. Within nine years, he had risen to become senior partner of his firm.
Subsequently, he held positions at the director level in investment management and worked as a mutual fund manager. Mr. Macleod also worked at a bank in Guernsey as an executive director.
For most of his 40 years in the finance industry, he has been demystifying macroeconomic events for his investing clients. The accumulation of this experience has convinced him that unsound monetary policies are the most destructive weapon governments use against the common man. Accordingly, his mission is to educate and inform the public in layman's terms what governments do with money and how to protect themselves from the consequences.
The Next Recession Will Be Far Worse than 2008 with Steven Van Metre
13 Sep 2023
00:42:00
Interview recorded - 11th of September 2023
On this episode of the WTFinance podcast I had the pleasure of welcoming back @stevenvanmetre5087 - Money Manager & YouTuber.
During our conversation we spoke about whether US banks are insolvent, whether the FED can save the markets, if this crash will be worse than 2008, what we will see internationally and assets that will perform well during a recession. I hope you enjoy!
0:00 - Introduction 3:37 - Are US banks insolvent? 7:37 - Can the FED bailout banks? 11:24 - Treasury issuing bonds 14:12 - Reverse repo to help increase liquidity? 16:12 - FED to save the markets? 17:57 - Will inflation be higher for longer? 23:41 - Will this crash be worse than 2008? 27:05 - Will it be the end of our current debt cycle? 29:46 - The price to pay for borrowing 31:29 - Dollar strength during this period? 33:26 - What are we seeing internationally? 36:37 - Changing measurements of GDP measurement 38:42 - Assets that will perform well during this recession? 40:36 - One message to takeaway from our conversation?
Steven Van Metre, Certified Financial Planner™ Professional, (CA Insurance License #0D45202 & Investment Advisory Representative with Atlas Financial Advisors, Inc., a Registered Investment Advisory firm.) is the inventor and manager of Portfolio Shield™, the creator of Momentum Timer Pro™, and the President of Steven Van Metre Financial.
Money Destruction to Trigger Uncontrollable Deflation? with Randy Woodward
08 Sep 2023
01:03:53
Interview recorded - 8th of September, 2023
On this episode of the WTFinance podcast I had the pleasure of speaking with Randy Woodward, Managing Director in the Fixed Income Capital Markets division at Raymond James Financial.
During our conversation we spoke about what is happening in the markets, why the bank collapses occurred, how the FED changed forever under Bernanke, whether inflation will remain higher for longer and potential for a commercial real estate crisis. I hope you enjoy!
0:00 - Introduction 3:04 - What is Randy watching in markets/economy? 6:20 - Inverted yield curve? 8:50 - How are banks fairing with unrealised losses? 16.30 - Central banks can do anything? 19:15 - Saving the financial system at all costs 23:50 - Banks missing out on higher revenues 30:00 - Will inflation be transitory or higher for longer? 35:30 - Global countries going to cut faster than US 37:48 - What is currently happening in commercial real estate? 46:40 - Companies defaulting on real estate 48:55 - Could Commercial Real Estate be another 2008 crisis? 52:20 - Ben Bernanke changed the markets 54:42 - One message to takeaway from our conversation?
Randy Woodward is a Managing Director in the Fixed Income Capital Markets division at Raymond James Financial. Randy has unique experience and depth of knowledge in the fixed income industry.
Randy began his career at Bloomberg from 1988 to 1995, working in a range of areas including training, editorial, programming, and sales. Randy became a fixed income broker in 1995, and has developed a proven track record of helping institutional clients manage safe and sound bond portfolios. Given his unique skill set, Randy provides his clients an advanced service that no other broker can offer. Whether they have access to a Bloomberg or rely on brokers for screen shots, it’s imperative they understand in detail the screens that are provided to them, and more importantly, they need to understand what can be manipulated, altered, or omitted.
Randy’s primary objective as a broker is to not only “protect” his clients, but also to educate them on how to better protect themselves, as well as making better investment decisions and executions.
Could the Stock Market Decline by 50%? with Bob Elliott
06 Sep 2023
00:43:48
Interview recorded - 31st of August, 2023
On this episode of the WTFinance podcast I had the pleasure of welcoming back Bob Elliott - CEO & CIO of Unlimited Funds.
During our conversation we spoke about what Bob is currently seeing in the markets, whether this could lead to a 50% decrease in stock markets, whether this would also happen globally and more.
0:00 - Introduction 1:09 - What is Bob currently seeing in the markets? 3:04 - What are the cracks Bob is seeing? 7:37 - Shortage in long end bonds? 9:34 - What type of recession could we see? 12:28 - Hard to stop a recession 13:39 - What would happen with increasing unemployment? 16:41 - Could the stock market drop 50%? 18:14 - How far could markets drop? 24:25 - Deflation and pivot or inflation and higher for longer? 30:34 - Collapse or slow tightening? 33:29 - What is happening globally? 38:04 - Anything positive in the markets? 40:45 - One message to takeaway?
Bob Elliott is the Co-Founder, CEO & CIO of Unlimited, which uses machine learning to create index replication ETFs of 2&20 style alternative investments like hedge funds, venture capital & private equity.
Prior to founding Unlimited, Bob was a Senior Investment Executive at Bridgewater Associates where he served on the Investment Committee (G7) and created investment strategies across equities, fixed income, credit, exchange rates, and commodities, including many used in the flagship Pure Alpha Fund. He also built and led Ray Dalio’s personal investment research team for almost a decade. He’s the author of hundreds of Bridgewater’s widely read Daily Observations and directly counselled some of the world’s foremost policy makers and institutional investor on economic and investing issues.
Bob has also served as an advisor and executive at several startups including CircleUp, an investment company focused on early-stage consumer brands. There he revamped the investment strategy for the company’s $150mln venture funds leveraging big data approaches to improve decision making. He was also the co-founder of GiveWell, a startup charity evaluator which now directs more than $500mln in annual contributions.
Bob holds a BA in History and Science from Harvard.
Can the US Save Europe from an Energy Crisis Again? with Dr Anas Alhajji
03 Sep 2023
00:57:07
Interview recorded - 31st of August, 2023
On this episode of the WTFinance podcast I had the pleasure of welcoming back Dr Anas Alhajji - a world-renowned energy markets expert, researcher, author, and a speaker.
During our conversation we spoke about the current state of the energy market, how China has a lot of control, whether oil could push $100, if the US can save Europe from an energy crisis again and more!
0:00 - Introduction 1:40 - Overview of energy markets? 9:30 - US benefited from European energy reliance 11:20 - China will have control over energy prices 15:35 - The China issue 17:10 - Saudi Floor price and China ceiling price 25:42 - Can China push Oil price lower? 27:04 - Price target for oil 2023? 28:20 - Gabon impact on oil markets 32:45 - Could further instability have an impact on oil markets? 34:16 - Natural resource economics 46:39 - Will Europe be ok this winter? 49:52 - Other energy costs increase? 54:59 - One message to takeaway from our conversation?
Dr. Anas F. Alhajji is a world-renowned energy markets expert, researcher, author, and a speaker with more than 900 papers, articles and columns to his credit. He advises governments, companies, financial institution and investors on various energy markets issues. He focuses on oil and gas market outlook, energy geopolitics, energy security, and the impact of disruptive technologies on the supply and demand of energy.
Before his recent role as a Managing Partner at Energy Outlook Advisors LLC, he was the former Chief Economist of NGP Energy Capital Management. He led the Firm’s macro-analysis of the oil, natural gas and related markets as well as the overall economic environment. He was responsible for the short-term and long term outlooks for oil, natural gas, NGLs, and LNG markets.
Dr. Alhajji’s articles appeared in numerous countries in more than 10 languages, and his work is cited in over 60 books. He has addressed numerous companies, institutions, and national and international organizations. He also serves on the board of several energy-related publications. He is a contributing editor for the one of the industry’s premier publications: World Oil. He is also the moderator of the industry’s oldest virtual Forum: Oil, Gas, & Energy Law (OGEL)
Prior to joining NGP, Dr. Alhajji taught economics at the University of Oklahoma (1995 to 1997), the Colorado School of Mines (1997 to 2001), and Ohio Northern University (2001 to 2008), where he held the George Patton Chair of Business and Economics. Dr. Alhajji taught courses in economics, energy economics and policy, and energy geopolitics. Dr. Alhajji was educated in Syria, Saudi Arabia, and the United States. He holds M.A. in Economics, and a Ph.D. in Economics from the University of Oklahoma, with a specialization in energy economics and policy. He received many awards including the Teaching Excellence Award and the Outstanding Mentor Award in addition to many prizes in woodworking.
A Recession In The Next 6 Months Is Inevitable with David Rosenberg
01 Sep 2023
00:52:26
Interview recorded - 31st of August 2023
On this episode of the WTFinance podcast I had the pleasure of speaking with David Rosenberg - Founder & President of Rosenberg Research & associates.
During our conversation we spoke about why we have seen strong markets throughout 2023, similarities between 2008 and today, whether we could see a deep recession and what this means for assets moving forward. I hope you enjoy!
0:00 - Introduction 1:32 - Why have we seen strong markets in 2023? 4:27 - Have you been surprised about consumer strength? 9:39 - Similarities between today and 2008? 16:47 - All linked to employment 22:42 - Unemployment back to the mean? 23:57 - Will it be a deep recession? 35:52 - Jay Powell late to the cutting party? 42:17 - How will assets react to a recession? 49:55 - One message to take away from our conversation?
David Rosenberg is the Founder and President of Rosenberg Research & Associates Inc., an economic consulting firm he established in January 2020. He and his team have as their top priority providing investors with analysis and insights to help them make well-informed investment decisions.
Prior to Rosenberg Research, David was Chief Economist & Strategist at Gluskin Sheff + Associates Inc. from 2009 to 2019. From 2002 to 2009, he was Chief North American Economist at Merrill Lynch in New York, during which he was consistently ranked in the Institutional Investor All-Star analyst rankings. Prior thereto, he was Chief Economist and Strategist for Merrill Lynch Canada, based out of Toronto, where he and his team placed first in the Brendan Wood survey of Canadian economists for ten years in a row.
Mr. Rosenberg is a frequent contributor to most major financial newspapers and publications in North America and makes regular TV appearances in the financial media. He received both a Bachelor of Arts and Masters of Arts degree in Economics from the University of Toronto.
Interest Rate Squeeze to Drive Stocks & Bonds Lower with Andy Constan
30 Aug 2023
00:34:41
Interview Recorded - 29th of August, 2023
On this episode of the WTFinance podcast I had the pleasure of speaking with Andy Constan, CEO & CIO of Damped Spring Advisor.
During our conversation we spoke about Andy's thoughts on Jackson Hole, while higher interest rates will drive down both stocks and bonds, what this means for unemployment, what would change Andy's opinion and whether this could lead to further issues with banks. I hope you enjoy!
0:00 - Introduction 1:43 - Overview of Andy’s thoughts and Jackson Hole 8:35 - How is there a shortage of government debt? 11:03 - Duration moving during uncertainty 12:42 - Treasury raising funds 14:09 - Reverse Repo continue to pick up slack moving forward? 18:50 - Will employment slowly change or require a catalyst? 20:40 - Could student payment re-introduction impact inflation? 21:30 - Do individuals have to lose their job? 23:04 - What would have to change to change Andy’s perspective? 25:14 - Parallels to 2008? 27:25 - What will happen internationally? 28:49 - Dollar to continue to strengthen? 30:06 - Further issues in banks ? 32:28 - One message to takeaway from our conversation?
Andy has spent the past 35 years investing and trading global markets. Over the last 12 years, he has developed strong expertise in Macro investing working at Bridgewater Associates as an Idea Generator and most recently at Brevan Howard as Chief Strategist. Andy spent the first part of his career at Salomon Brothers and its successor companies. After 17 years at Salomon and as the Head of Global Equity Derivatives, Andy left and started two relative value hedge funds specializing in Multi-Asset Volatility Arbitrage and Capital Structure Arbitrage. Throughout his career, Andy has developed a keen cutting edge understanding of systematic quantitative research and investment while also deeply appreciating the importance of the insights that arise from discretionary investing strategies.
Can US-China Conflict Be Avoided? with Cyrus Janssen
28 Aug 2023
00:52:25
Interview recorded - 24th of August, 2023
On this episode of the WTFinance podcast I had the pleasure of speaking with @CyrusJanssen - An International Speaker, Business Consultant, Content Creator and China Insider.
During our conversation we spoke about the history of US/China relations, what was the catalyst for deterioration, the impact of COVID-19 China isolation, where the conflict would go on the current trajectory and what needs to change to improve relations. I hope you enjoy!
0:00 - Introduction 2:28 - History of US/China relationship 7:38 - Conflict with intellectual property in 2010’s and why conflict escalated? 10:19 - World trade organisation has no control 11:35 - Product IP theft an issue? 12:45 - When did the relationship start to deteriorate? 18:11 - Further hawkishness in both countries? 20:45 - Isolation between both countries 24:11 - Hong Kong suffered from expats leaving 25:03 - On current trajectory, where does US/China conflict go? 28:44 - China also decoupling? 35:01 - Can China shift to a consumption economy? 39:33 - What need to change to create perfect US/China relations? 47:33 - One message to takeaway from our conversation?
Cyrus Janssen is a geopolitical analyst, investor, speaker, and social media influencer with over 1 million fans across his social media platforms. Born in the United States, Cyrus lived abroad for 15 years in China and Canada and enjoys sharing cultural and geopolitical insights from his travels to over 60+ countries.
Based in Las Vegas, Nevada, Cyrus is the CEO of FastForward Marketing, a social media and consulting company helping brands in North America and Asia connect and build profitable social media campaigns.
Worst Geopolitical and Socioeconomic Decline In Modern History with Gerald Celente
25 Aug 2023
00:38:11
Interview recorded - 23rd of August, 2023
On this episode of the WTFinance podcast I had the pleasure of speaking with @gcelente - the Founder/Director of the Trends Research Institute and Publisher of the Trends Journal.
During our conversation we spoke about whether a recession can be avoided, why th
0:00 - Introduction 1:32 - Have the FED avoided the recession? 7:57 - What has caused this situation? 11:40 - Equities and Gold going up 15:36 - What is the catalyst? 17:04 - Market volatility to permeate throughout economy? 26:22 - Key trends throughout 2023 and 2024? 29:02 - Is there a way to avoid global crisis? 31:26 - High risk of China/Taiwan conflict? 33:11 - Are parts of the world that will thrive in the future? 35:11 - Message to takeaway from our conversation?
Gerald Celente is the Founder/Director of the Trends Research Institute and Publisher of the weekly Trends Journal magazine. He is the author of the highly acclaimed and best-selling books “Trend Tracking” and “Trends 2000” (Warner Books).
With a 43-year track record of identifying, tracking, and forecasting trends, Celente is world-renowned as today’s #1 Trend Forecaster. Celente has earned the reputation as a trusted name in trends for his many accurate forecasts; among them, the 1987 Stock Market crash, Dot com bust, “Gold Bull Run,” “Panic of ‘08,” the rise of organic foods, and the popularity of gourmet coffee long before Starbucks was a household name. Celente, who developed the Globalnomic methodology to identify, track, forecast, and manage trends, is a political atheist. Unencumbered by political dogma, rigid ideology, or conventional wisdom, Celente, whose motto is “Think for Yourself,” observes and analyzes current events forming future trends for what they are – not for how he wants them to be. A true American Patriot, Celente owns three pre-Revolutionary stone buildings on the most historic corner in America, where the seeds of Democracy were sown, Colonial Kingston, New York’s first Capitol. Self-described as a “Warrior for the Prince of Peace,” Gerald Celente is also the Founder “Occupy Peace & Freedom,” a not-for-profit movement to honor the Constitution and Bill of Rights and restore Freedoms.
Bond Market Leaking As Investors Revolt with Bill Fleckenstein
31 Jan 2025
00:37:49
Interview recorded - 23rd of January, 2025
On this episode of the WTFinance podcast I had the pleasure of welcoming back Bill Fleckenstein. Bill is a professional money manager with over 30 years of experience. He writes a writes a daily column and is the author of “Greenspan’s bubbles: the age of ignorance at the federal reserve”.
During our conversation we spoke about his thoughts on the markets, the bond market leaking, how Scott Bessent can balance it, whether bond market is losing faith in the government, passive investing, what this means for the 60/40 portfolio and more. I hope you enjoy!
0:00 - Introduction 1:40 - Overview of markets 6:17 - How does Scott Bessent balance issues? 8:42 - Means tested social security? 11:57 - Losing faith in the government? 13:57 - What happens to yields? 15:22 - FED made a mistake 16:47 - Dollar rally over? 18:22 - What does Trump want? 19:48 - Bill’s views on markets 21:44 - Passive investing influence on markets 24:12 - Increasing unemployment negative to markets 26:07 - Why have miners not performed? 28:27 - Speculative asset? 32:59 - Shift away from 60/40 portfolio? 35:47 - One message to takeaway from conversation?
Bill Fleckenstein is president of Fleckenstein Capital, a money management firm based in Seattle. He writes a daily Market Rap column for his website, Fleckensteincapital.com, as well as the popular column Contrarian Chronicles for MSN Money.
Bill Fleckenstein began writing a daily column on the Internet in 1996. Initially, the Market Rap was a daily recap of market events, with an added "Yes, but..." emphasis. "I quickly learned that the contrarian viewpoint was often misrepresented and under-reported. Since then, my daily column has always called it like I see it. I've tried to write the column in a way that even the novice investor can understand. I believe it's better to teach someone how to fish, rather than just give them an occasional fish."
Global Depression by 2025 Inevitable? with Simon Hunt
23 Aug 2023
00:35:15
Interview recorded - 23rd of August, 2023
On todays episode of the WTFinance podcast I had the pleasure of speaking with Simon Hunt.
During our conversation we talked about whether the FED have saved the economy, what a global collapse could look like, why this could lead to higher inflation for longer, the potential for market instability, a commodity super cycle and more!
0:00 - Introduction 1:00 - Have the FED saved the economy? 9:45 - Higher inflation and a recession? 10:50 - What type of global collapse? 12:02 - What will happen in China? 14:48 - Will Europe be the worst effected? 17:43 - The risk of Germany, Russia and China? 20:00 - Minor recession followed by severe recession? 21:10 - What happens to the markets? 21:50 - What happens after the instability? 24:30 - Commodity super cycle? 27:40 - BRICS precious metal commodity? 28:50 - Is it possible for these countries to de-dollarize? 31:28 - Can the current economy survive with a gold-backed currency? 32:48 - Assets to protect wealth during this period? 33:50 - One message to takeaway from our conversation?
Simon Hunt began his career in 1956 in Central Africa as a PA to the Chairman of Rhodesian Selection Trust, one of the two large copper companies in what was then Northern Rhodesia, now Zambia.
In 1961 he came back to London and joined Anglo American Corporation of South Africa as a PA to one of the Board Directors, followed by being part of a small sales and marketing team for copper. From there, he helped start up a new copper development organisation, CIDEC, financed by copper producers, which he then joined, focusing on conducting end-use studies of copper in Europe.
He then went into the City to gain financial experience and founded Brook Hunt in 1975. He was instrumental in setting up the company’s cost studies and end-use analyses. He appeared as material witness and consultant in two ITC anti-dumping cases in 1978 and 1984, winning both at the commission level.
He has spent 2-4 months every year in China since 1993 and until a few years ago would be visiting some 80 wire and cable and brass mill factories across the country every year. He now restricts these factory visits to a smaller number, all of which he has known for many years. He also spends many weeks each year traveling around Asia.
The focus of the company’s services is on the global economy, including the changing geopolitical and financial structures, China’s economy and its copper sector, and then the global copper industry as each part is interconnected.
Simon is the author of the “Frontline China Report Service,” which is marketed by the TIS Group. The Service provides regular reports on China’s economy, politics, and financial outlook.
Inflation and Recession Squeeze to Initiate Market Turmoil with Ted Oakley
18 Aug 2023
00:34:00
Interview recorded - 17th of August, 2023
On this episode of the WTFinance podcast I had the pleasure of welcoming back Ted Oakley - Managing Partner and Founder of Oxbow Advisors.
During our conversation we spoke about what Ted is currently seeing, whether the market has peaked, how higher interest rates has struggled and what sectors Ted is looking to rotate into. I hope you enjoy!
0:00 - Introduction 1:19 - What is Ted seeing in the economy? 4:14 - A lot has changed over the past 2 years 5:44 - Markets peaked? 6:58 - What is Ted’s thoughts on inflation? 9:23 - Will there be a depression moving forward? 10:44 - Higher interest rates to cause bankruptcies? 11:49 - Could the FED cut rates at record levels? 13:39 - How has Ted’s portfolio changed over the past few months? 16:34 - How can you be patient during turbulent times? 19:32 - How big could the reversal be? 22:44 - What sectors has Ted rotated into? 24:44 - Sectors that are unloved? 26:19 - What is Ted seeing among the property market? 30:34 - One message to takeaway from our conversation?
Ted Oakley is Managing Partner and Founder of Oxbow Advisors. With more than forty years of experience in advising high net worth clients in the investment industry, Oakley implements the firm’s proprietary investment strategies and the “Oxbow Principles” to provide a unique investment perspective. He is a frequent guest on FOX Business News, Bloomberg Radio, KITCO News, Cheddar TV, Yahoo Finance, and many more.
Mr. Oakley is a Chartered Financial Analyst (CFA) and a Certified Financial Planner (CFP). He is a member of the Austin Society of Financial Analysts. He is also a Partner of Herndon Plant Oakley Ltd., an investment company. He is a Board Member of Texas State Aquarium, American Bank, and American Bank Holding Company. Mr. Oakley is a United States Army Veteran.
Mr. Oakley began his career in Dallas, Texas, over 35 years ago. He is the author of nine books: You Sold Your Company, $20 Million and Broke, Rich Kids Broke Kids – The Failure of Traditional Estate Planning, Crazy Time – Surviving the First 12 Months after Selling Your Company, Wall Street Lies, Danger Time, My Story, The Psychology of Staying Rich, and Your Money Mentality.
Mr. Oakley’s primary philanthropic interest is helping children. He is Chairman Emeritus and Founder of the Foster Angels of South Texas, the largest foster child foundation in South Texas, as well as Chairman Emeritus and Founder of Austin, Texas-based Foster Angels of Central Texas. Also, President and Founder of Advocates for Foster Children Foundation.
Stock Market to All-Time Highs before Crash in 2024 with Henrik Zeberg
14 Aug 2023
00:32:45
Interview recorded - 10th of August, 2023
On this episode of the WTFinance podcast I had the pleasure of hosting Henrik Zeberg - Macro Economist, Founder and Publisher of the Zeberg Report.
During our conversation we spoke about Henrik's thoughts on the markets, why we could see all time highs in the near future, how this could be followed by a stock market crash and methods to protect wealth during such a period. I hope you enjoy!
0:00 - Introduction 0:39 - Henrik’s thoughts on the markets and why has the market been so strong this year? 4:23 - Which economic indicators is Hendrik watching? 6:09 - What will impact higher unemployment? 10:14 - Strong performance followed by a crash 12:14 - Stock market to all time highs 14:34 - What will perform during stock market crash? 16:46 - Central banks won’t be able to save the economy 17:57 - Stagflation? 21:04 - Who suffers from a debt crisis? 23:24 - Are central banks making the wrong decisions? 25:49 - What would be the right solution for central banks to make? 29:49 - What assets protect wealth during stagflation? 30:44 - One message to takeaway from our conversation?
Henrik Zeberg is a Macroeconomist (M.Sc. Econ) from the University of Copenhagen. He is a Business Cycles student, Elliott Wave practitioner, and Chartist. You can find out more about his newsletter on his Website.
The Recession is Still Approaching with Michael Green
11 Aug 2023
00:49:30
Interview recorded - 10th of August 2023
On this episode of the WTFinance podcast I have the pleasure of speaking with Michael Green - Chief Strategist at Simplify Asset Management.
During our conversation we spoke about his thoughts on Michael's assessment, why the economy is holding up with interest rates, what this means for the markets for the rest of the year and how Michael is allocating for a recession. I hope you enjoy!
0:00 - Introduction 1:01 - Michael’s assessment of global economy and financial markets? 5:51 - Are the FED too narrow focused? 10:53 - Why is the economy holding up with higher interest rates? 14:40 - Fixed vs Variable Mortgages 16:31 - Why has stock market been so strong in 2023? 26:04 - Upside and downside volatility? 28:56 - What will the catalyst for market stress be? 33:56 - Michael’s thoughts on emerging markets? 40:06 - How is Michael allocating for recession? 45:46 - One message to takeaway from our conversation?
Michael has been a student of markets and market structure, for nearly 30 years. His proprietary research into the shift from actively managed portfolios and investment funds to systematic passive investment strategies has been presented to the Federal Reserve, the BIS, the IMF and numerous other industry groups and associations.
Michael joined Simplify in April 2021 after serving as Chief Strategist and Portfolio Manager for Logica Capital Advisers, LLC. Prior to Logica, Michael managed macro strategies at Thiel Macro, LLC, an investment firm that manages the personal capital of Peter Thiel. Prior to Thiel, Michael founded Ice Farm Capital, a discretionary global macro hedge fund seeded by Soros Fund Management. From 2006-2014, Michael founded and managed the New York office of Canyon Capital Advisors, a $23B multi-strategy hedge fund based in Los Angeles, CA, where he established their global macro strategies, managing in excess of $5B of exposure across equity, credit, FX, commodity and derivative markets.
In addition to his work as a market theorist and portfolio manager, Michael has been noted for his work as a public speaker and financial media participant. He is a graduate of the Wharton School at the University of Pennsylvania and a CFA holder.
Huge Stock Market Reset Is Coming with Chris Vermeulen
09 Aug 2023
00:30:13
Interview recorded - 7th of August, 2023
On this episode of the WTFinance podcast I have the pleasure of speaking with Chris Vermeulen - Founder & Chief Market Strategist at The Technical Traders.
During our conversation we spoke about whether Chris expected a bull market in 2023, Chris' investment strategy, whether we are approaching a double top and more!
0:00 - Introduction 0:37 - Did Chris expect a bullish 2023? 2:37 - Chris’ investment strategy? 9:25 - Key focus is price 11:25 - How do you identify strong trends? 12:52 - Looking at longer timeframes 15:07 - What is the reinvesting strategy? 18:52 - Could we have already had the bear market in 2022? 20:55 - How do you know when the bear market begins? 23:42 - Are we approaching a double top? 25:07 - Hierarchy of assets? 27:32 - One message to takeaway from our conversation?
Chris Vermeulen, the visionary investor who pioneered an industry-breaking method of investing called “Asset Revesting.” Chris introduced this innovative approach in his latest book, “Asset Revesting – How to Exclusively Hold Assets Rising in Value, Profit During Bear Markets, and Continue Building Wealth in Retirement.“
Chris’s journey in the financial world began in 1997 at 16. Using his innate talent for trading and risk management, Chris earned enough money to pay for his final year of college, where he earned a business diploma in operations management. He then transitioned into a full-time entrepreneur and trader, achieving financial freedom in his 20s.
His expertise in technical analysis led him to create systematic processes that uncover unique trading and investment opportunities. A persistent advocate for managing portfolio risk, Chris has little faith in the buy-and-hold strategy, which often entails holding onto depreciating assets.
Chris’s innovative approach to asset allocation emphasizes efficiency, resulting in systems that manage portfolio positions, exhibit low drawdowns, and consistently outperform the markets. His short-term and long-term strategies are perfect for those seeking proven techniques to manage and protect capital.
Chris is widely recognized as an exceptional technical trader, possessing profound insight and a keen understanding of market trends. He shares his wisdom in his book “Technical Trading Mastery, Second Edition – 7 Steps to Win with Logic,” further solidifying his reputation as a trailblazer in the financial industry.
Stocks Are Overvalued, Beware of Correction with Chance Finucane
07 Aug 2023
00:24:09
Interview recorded - 1st of August, 2023
On this week of the WTFinance podcast I have the pleasure of speaking with Chance Finucane - Chief Investment Office of Oxbow Advisors.
During our conversation we spoke about Chance's thoughts on the market, why they went risk on at the end of 2022, which companies are overvalued and more!
0:00 - Introduction 0:57 - What is Chance’s thoughts on the market? 2:55 - Why risk on at the end of 2022? 3:27 - Rotating into other sectors? 5:50 - What does an undervalued company look like? 7:45 - Ominous trend of mean reversion? 9:18 - What is the economic data currently saying? 12:15 - What is Chase’ base case? 13:53 - Which specific industries are undervalued? 15:55 - What is your strategy to calculating fair value? 17:55 - How long holding stocks for? 19:45 - What other assets is Chance watching? 22:05 - One message to takeaway from our conversation?
Chance joined Oxbow in 2017 after spending six years on the investment team at Institutional Capital (ICAP), a global value investment firm based in Chicago. He is a graduate of Indiana University with a B.S. in Accounting and Finance and an M.B.A. in Accounting. Chance is a member of the firm’s investment committee.
Thumbnail image from - https://www.adviserinvestments.com/bi-weekly-newsletter/are-stocks-overvalued/
We Are on The Brink of an Economic Crisis with Mike "Mish" Shedlock
04 Aug 2023
00:39:54
Interview recorded - 1st of August, 2023
On this episode of the WTFinance podcast I have the pleasure of speaking with Mish Shedlock - Investment Analyst and Writer of the great global economics blog called “MishTalk”.
During our conversation we spoke about the political drivers of the economy, how inflation is impacting the markets, what does a FED pivot mean for assets and whether the economy is currently on the brink of an economic crisis. I hope you enjoy!
0:00 - Introduction 1:00 - What is Mish currently watching? 4:30 - Is inflation a political issue? 9:10 - Have the FED taken the correct action raising rates? 11:25 - Is inflation going to stay higher for longer? 16:20 - What does a FED pivot mean for assets? 20:28 - What data points will Mike be watching to see when markets shift? 22:45 - Is China going the way of Japan? 26:45 - Further risk of banking crises? 30:45 - What will be the competitor to the US dollar? 36:50 - One message to takeaway from our conversation?
Mish is a highly acclaimed macro-economic writer and one of the early financial pioneer bloggers. Mish has written articles every day since 2003. That’s 20 straight years of publishing at least one economic post per day allowing for “Merry Christmas” and “Happy New Year” articles.
In summer of 2006, Mish called the top of the residential housing bubble, and the bottom in March of 2009.
In 2009, Mish’s Global Economic Trend Analysis was on the cover of online Time Magazine, Best 25 Financial Blogs.
In 2010, the New York Times cited Mish along with Barry Ritholtz and Calculated Risk in its #1 Idea of the year called: Do-It-Yourself Macroeconomics. The article was about people who called the global economy better than any formally trained economists.
Mish is a believer in free markets and small government. He writes from a Libertarian and Austrian economist point of view.
Discussion posts, typically multiple times a day, include interest rates, central bank policy, gold and precious metals, jobs, global politics, and economic reports from the BLS, BEA, and Commerce Department. On the first Friday of every month, Mish goes over the monthly job statistics in much greater detail than anything in mainstream media. The same applies to the monthly CPI, PPI, and housing reports from the BLS and commerce department.
FED Dilemma Paving the Way for Rapid Global Recession with Hugh Hendry
02 Aug 2023
00:52:53
Interview recorded - 1st of August, 2023
On this episode of the WTFinance podcast I had the pleasure of speaking with Hugh Hendry - Former Hedge Fund manager of Eclectica Asset Management, also known as the Acid Capitalist.
During our conversation we spoke about why Hugh is fearful, similarities between today and 2008, understanding the actions of central banks and an explanation of Hugh's portfolio. I hope you enjoy.
0:00 - Introduction 1:45 - What is Hugh seeing and is he fearful? 4:55 - Are there similarities between today and 2008? 10:09 - Fiscal stimulus has picked up private demand slack? 12:14 - We are in the waiting room 17:50 - Understand what your position means 19:20 - Are central banks acting faster as seen with UK Pension Crisis and SVB collapse? 26:39 - Inflation wouldn’t have changed with faster interest rate increases 31:38 - Hugh’s portfolio 42:55 - One message to takeaway from our conversation?
Hugh Hendry is an award winning hedge fund manager, market commentator, thought leader, ST Barts Real Estate Investor & Surfer.
Hugh Hendry was the founding partner and chief investment officer of the now defunct hedge fund firm, Eclectica Asset Management. The fund was created in 2003 and returned 50 per cent from the revival in the gold price.
Hugh later attracted media attention when his fund achieved a 31.2 per cent positive return in 2008 during the depths of the financial crisis, earning him a reputation as a contrarian investors. He has been referred to as "the most high-profile Scot" in the hedge fund sector.
Higher Interest Rates to Unravel 'Super Bubble' with Edward Chancellor
28 Jul 2023
00:44:15
Interview Recorded - 27th of July, 2023
Buy Book Here - https://www.amazon.co.uk/Price-Time-Real-Story-Interest/dp/0241569168/
On this episode of the WTFinance podcast I have the pleasure of speaking with Edward Chancellor - A financial historian, journalist and investment strategist. He is also the author of the recently released book “The Price of Time”.
During our conversation we spoke about the Price of Time, what impact low interest rates have had on markets and the economy, what we can expect in the future and more. I hope you enjoy.
0:00 - Introduction 1:18 - What is the Price of Time? 4:27 - Why is the price of time important? 9:18 - What impact does negative interest rates have on the economy & markets? 16:18 - Valuations go down as interest rates go up 23:33 - Surprised by how certain markets have held up with higher interest rates? 28:43 - Could history be suggesting current empires will collapse? 40:03 - Interest rates are difficult to predict 42:08 - One message to take away from conversation?
Edward Chancellor is a financial historian, journalist and investment strategist. Edward read history at Trinity College, Cambridge, where he graduated with first-class honours, and later gained an M.Phil. in Enlightenment history from Oxford University. In the early 1990s he worked for the London merchant bank, Lazard Brothers. He was later an editor at the financial commentary site, Breakingviews. From 2008 to 2014, Edward was a senior member of the asset allocation team at GMO, the Boston-based investment firm.
He is currently a columnist for Reuters Breakingviews and an occasional contributor to the Wall Street Journal, MoneyWeek, the New York Review of Books and Financial Times. In 2008, Edward received the George Polk Award for financial reporting for his article “Ponzi Nation” in Institutional Investor magazine.
Edward Chancellor is the author of Devil Take the Hindmost: A History of Financial Speculation (Farrar Straus/Macmillan, 1999), a New York Times Notable Book of the Year. Devil Take the Hindmost has been translated into more than half a dozen languages. In 2005, he published the report, Crunch-Time for Credit? (Harriman House), an analysis of the ongoing credit boom in the US and UK. Edward has also edited two well-received investment books, Capital Account (Thomson Texere, 2004) and Capital Returns (Palgrave Macmillan, 2015).
His latest book, The Price of Time, is published by Allen Lane in the United Kingdom and Atlantic Monthly Press in the United States. The Price of Time has been longlisted for the FT 2022 Business Book of the Year.
Current Government Spending is Unsustainable with Richard Sylla
21 Jul 2023
00:46:57
Interview recorded - 5th of July, 2023
On this episode of the WTFinance podcast I had the pleasure of speaking with Richard Sylla, Professor Emeritus of Economics and finance historian.
During our conversation we spoke about whether the system can handle rising interest rates with the high debt levels, if this would require depreciation of the currency, whether financialisation is a bad thing and more!
0:00 - Introduction 1:23 - How can we compare recent economics to the past? 5:05 - Can the system handle increasing interest rates with high debt? 8:45 - Depreciation of currency 10:30 - Where would economic growth come from? 11:45 - Have emerging markets taken growth away from developed markets the past decades? 15:32 - How can central banks overcome inflation? 19:35 - Will the FED push the economy into a recession? 22:10 - Unemployment remaining strong 24:20 - Have interest rates ever increased so much without a recession? 25:55 - What is real interest rate? 29:03 - Is financialisaton a bad thing? 31:35 - Japanification 34:10 - Are central banks kicking our problems down the road? 37:50 - Looking at the long term 42:00 - One message to take away from our conversation?
Richard Sylla is a Professor Emeritus of Economics and the former Henry Kaufman Professor of the History of Financial Institutions and Markets at New York University Stern School of Business. He teaches courses in financial history, economic and business history of the United States, and comparative enterprise systems.
Professor Sylla has been with NYU Stern since 1990. His primary areas of research include historical studies of money, banking, and finance. He is the author of several books, including The American Capital Market and A History of Interest Rates. His writing has appeared in numerous publications, including the Journal of Economic History, Explorations in Economic History, Business History Review, and Enterprise & Society. He is also on the editorial board of many journals that include the Financial History Review, Enterprise and Society, and Economic and Financial History Abstracts. Professor Sylla has also been the recipient of several awards and grants including National Science Foundation grants, an Alfred P. Sloan Foundation grant and the Citibank Award for Excellence in Teaching at the Stern School. He served as President of the Economic History Association and the Business History Conference, and is currently the Chairman of the Museum of American Finance. He is a Fellow of the Cliometric Society and the American Academy of Arts and Sciences.
Prior to joining Stern, Professor Sylla taught at North Carolina State and the University of Pennsylvania among others. Professor Sylla received his bachelor of arts from Harvard University before studying at the Indian Statistical Institute at Calcutta. He then received both his master of arts and his doctorate of philosophy from Harvard University.
Richard Sylla -
Website - https://www.stern.nyu.edu/faculty/bio/richard-sylla Research - https://www.nber.org/people/richard_sylla?page=1&perPage=50
China's Economic Revolution Threat to the West with Louis-Vincent Gave
29 Jan 2025
00:47:14
Interview recorded - 23rd of January, 2025
On this episode of the WTFinance podcast I had the pleasure of welcoming back Louis-Vincent Gave. Louis is the Founding Partner & Chief Executive Officer of Gavekal.
During our conversation we spoke about his thoughts on the markets, the everything bubble in the US, what tariffs mean for the US Dollar, the Chinese economic revolution, QE in the market, manufacturing boom and more. I hope you enjoy!
0:00 - Introduction 0:59 - Louis’ overview of markets 4:00 - Everything bubble in the US? 7:44 - Are tariffs bullish US Dollar? 10:20 - Expectation of US/China relationship? 13:39 - Geopolitical ideology with Biden 15:11 - What is happening in China? 22:26 - China QE 26:08 - Shifting to consumption economy? 30:31 - Data points to watch? 32:56 - Reliant on foreign investors? 36:46 - Issues in Europe 38:31 - Chinese currency? 44:55 - One message to takeaway?
After receiving his bachelor's degree from Duke University and studying Mandarin at Nanjing University, Louis joined the French Army where he served as a second lieutenant in a mountain infantry battalion. After a couple of years, Louis left the army and joined Paribas where he worked as a financial analyst—first in Paris, then in Hong Kong.
Louis left Paribas in 1998 to launch Gavekal with his father Charles and Anatole Kaletsky. The idea at the time was that Asia was set to become an ever more important factor in global growth, and that consequently Gavekal needed to offer its clients more information, and more ideas, relating to Asia.
Louis has written seven books, the latest being Avoiding the Punch: Investing in Uncertain Times which reviews how to build a portfolio at a time of rising geostrategic strife, and when very low interest rates and stretched valuations on most assets announce constrained returns on most assets over the next decade.
Louis speaks English and French. He spent many hours studying Mandarin and Spanish, which he once spoke decently. He is married with two sons and two daughters.
Most Traders Are Wrong! Markets to Continue to Rally with Jason Shapiro
19 Jul 2023
00:35:20
Interview recorded - 7th of July, 2023
On this episode of the WTFinance podcast I had the pleasure of speaking with Jason Shapiro, Principal at JS Trading and Chief Strategist of Crowded Market Report.
During our conversation we spoke about how Jason believes markets have more upside, his market sentiment strategy, why its all about choosing the right trade, the current opportunities Jason is watching and more!
0:00 - Introduction 1:25 - What is Jason seeing in the markets? 4:00 - How do you know when sentiment has changed? 5:30 - Don’t buy the laggers 6:40 - Jason’s strategy, how he built it and why it is successful? 10:00 - What do most traders do wrong? 13:15 - Its not just about being right, but choosing the right trade 14:50 - Concentration of markets 18:30 - What is Jason’s process? 21:30 - What happens when position closes? 22:35 - Position sizing 23:10 - What are the current opportunities? 28:30 - One message to take away from our conversation? 33:06 - Where to find Jason’s work?
With over 30 years of trading experience, Jason has gone through most markets a trader should see in their career. From the crazy rallies during the 90s, the tech bubble pop in early 2000s, the 2008 market crash and the latest bull run starting in 2009. Through the last 20 years of his career, he has used a contrarian approach which has been very successful to him and his clients, as verified by Jack D. Schwager in his latest MARKET WIZARDS BOOK. Jason has managed large sums of money from a few million to several hundred million and learned a great deal about the Futures markets, from Equities, Currencies and Fixed Income to Currencies and Precious Metals.
'Perfect Storm' for Commercial Real Estate Defaults with Daniel McNamara
14 Jul 2023
00:28:05
Interview recorded - 5th of July, 2023
During this interview of the WTFinance podcast I had the pleasure of speaking with Daniel McNamara - Founder & CIO of Polpo Capital.
During our conversation we spoke about what is happening in commercial real estate, why this market could see large losses, who are the bag holders and what this means for commercial real estate moving forward. I hope you enjoy!
0:00 - Introduction 0:53 - What is happening in commercial real estate? 3:40 - Which geographies will be the most effected and who are the bag holders? 6:05 - Investors to take large losses 7:30 - Worse with variable rates internationally? 8:40 - Could commercial real estate be a catalyst for another 2008 crisis? 10:00 - Types of commercial real estate 12:30 - Cyclical trend - old vs new 14:25 - Converting commercial to homes 15:55 - Asset managers walking away from commercial real estate investments 18:40 - Any other macro drivers? 19:40 - Where are the commercial real estate opportunities? 21:40 - How does an extension work? 23:20 - During distress, rotating to higher quality assets 25:40 - One message to takeaway from conversation?
The Fourth Turning is Here - From Crisis to a Golden Age with Neil Howe
12 Jul 2023
00:54:53
Interview recorded - 7th of July, 2023
Buy the book here - https://www.amazon.co.uk/Fourth-Turning-Here-Seasons-History/dp/1982173734/
On todays WTFinance podcast I had the pleasure of speaking with Neil Howe, co-author of the ground breaking “The Fourth Turning” and author of the upcoming update to the original book “The Fourth Turning is Here: What the Seasons of History Tell Us About How and When This Crisis will End.”
During our conversation we spoke about what the seasons of history are, how they influence demographics, what the current Fourth Turning could bring and the potential golden age after such crises. I hope you enjoy.
0:00 - Introduction 2:00 - Overview of the seasons of history and the Fourth Turning? 11:13 - Seasons and how they influence demographics? 20:10 - When did the current crisis period begin? 23:50 - Are these seasons inevitable? 28:10 - What other crises can we expect in the next decade? 33:45 - Emergence of global powers after winters 39:55 - How will nuclear weapons impact future crises conflict? 47:25 - What can we expect after crises? 51:40 - One message to takeaway from our conversation?
Neil Howe is an acclaimed historian, economist, and demographer and the bestselling author (with William Strauss) of The Fourth Turning, as well as over a dozen books on demographic and social change. The nation’s leading thinker on today’s generations—who they are, what motivates them, and how they will shape America’s future—Howe is Managing Director of Demography at Hedgeye Risk Management, an independent financial research firm, as well as President of LifeCourse Associates, which serves hundreds of corporate, nonprofit, and government clients. He lives with his family in Great Falls, Virginia.
Thumbnail image from - Thomas Cole, Series "The Course of Empire - Destruction"
Further FED Tightening to Influence "Break in the Market" with Thomas Thornton
07 Jul 2023
00:29:04
Interview recorded - 30th of June, 2023
On this episode of the WTFinance podcast I have the pleasure of speaking with Thomas Thornton, President at Hedge Fund Telemetry.
During our conversation we spoke about why the FED will continue to hike, the potential for a hard landing, Thomas' trading strategy and what sectors we could see a rotation into. I hope you enjoy!
0:00 - Introduction 1:32 - Can the FED created a soft landing? 4:20 - Indicators that Thomas is currently watching for a reversal? 12:20 - Could markets be at the peak? 18:23 - Any other macro drivers they watching? 19:35 - Rotation between different sectors 21:50 - What other sectors? 24:20 - How else does Thomas get trade opinions? 26:20 - One message to takeaway from our conversation
Former portfolio manager, senior trader, and technical analyst with Level Global Investors and Galileo Capital. Tom has written a daily market note for a select group of hedge fund managers for years and now has offered it for all investors with Hedge Fund Telemetry. His long term focus on sentiment indicators borders on the obsessive. Our growing team at Hedge Fund Telemetry is comprised of current and former buy and sell side individuals.
Thumbnail image from - https://www.wealthprofessional.ca/investments/mutual-funds/money-managers-caught-off-guard-as-stock-market-shifts/373687
Inflate or Default - The Dollar is in Trouble with Andy Schectman
05 Jul 2023
00:42:01
Interview Recorded - 29th of June, 2023
On this episode of the WTFinance podcast I had the pleasure of speaking with Andy Schectman, President of Miles Franklin Precious Metals Investments.
During our conversation we spoke about what is currently happening in the markets, why governments are driving currencies into the ground, whether this could be the end to the US Empire and which assets will perform during this period. I hope you enjoy!
0:00 - Introduction 1:10 - What is Andy currently watching? 10:50 - Governments driving currencies into the ground 17:18 - Can the current economy transition to a asset-backed currency? 23:03 - Why would anyone trust an asset-backed currency? 29:14 - Is this the end of the US Empire? 34:17 - Which assets will perform during this period? 38:05 - One message to take away from our conversation
Prior to starting Miles Franklin, Ltd. in 1989, Andrew became a Licensed Financial Planner, specializing in Swiss Franc Investments and alternative investments. At Miles Franklin Ltd., a company that has eclipsed $5 billion in sales, Andrew has developed an operation that maintains trust, collaboration, and ethical behavior, superior customer service and satisfaction to better serve their clients. He is responsible for overseeing the firm’s operations and business functions; including strategy and planning, account management, finance, and new business.
Central Banks to Continue to Damage the Economy with Julian Brigden
03 Jul 2023
00:51:35
Interview recorded - 27th of June, 2023
On this episode of the WTFinance podcast I had the pleasure of speaking with Julian Brigden, Co-Founder and President of Macro Intelligence 2 Partners.
During our conversation we spoke about Julian's thoughts on the current market, fiscal vs private investment, why the second half could be horrible for US equities, whether the market can ween itself off QE and what the future looks like. I hope you enjoy!
0:00 - Introduction 0:12 - Julian’s thoughts on current market action? 5:10 - Fiscal replaces private weakness? 7:40 - Fiscal benefit goes towards certain industries 9:15 - Central Banks changing pivot tone 11:45 - K recovery within the economy? 13:40 - Second half of the year will be different 17:20 - Reverse repo to bills 20:20 - Bullish narrative will change 23:25 - What will Julian be watching? 25:40 - Equity market performance revolves around liquidity 27:40 - Can the market ween itself off QE? 32:15 - Can Central Banks continue current QE process? 37:53 - AI Revolution or Productivity Increase 39:50 - Any positivity? 43:40 - Would US equities fall more if US Dollar strengthens? 45:35 - One message to takeaway from our conversation?
Julian Brigden is the Head of Research at Macro Intelligence 2 Partners, a firm he co-founded in 2011. He leads a six-person team of research and market professionals to publish independent macroeconomic research that is both ahead of market consensus and timely. Julian has over 30 years of experience in financial markets including positions in market and policy focused consulting to institutional investors as well as FICC sales.
Julian is a trusted advisor to many top money managers who use MI2 Partners’ research to guide their investment process. He has extensive experience with macro data analysis, broad fixed income, equity market (not individual stocks) and currencies. He is particularly skilled at exploring correlations in the economy and financial markets vital to a vast array of investment decision-makers. As a global macro strategist, Julian’s primary focus is understanding and explaining macroeconomic and policy-related developments to tell clients what is important in markets and what to fade.
Julian spent five years at Medley Global Advisors from 1999 to 2004, a leading macro policy intelligence firm, as the Managing Director of the G7 Client Team, providing timely trading recommendations. From 2004 to 2011, he served as North American Head of Hedge Fund Sales at Crédit Agricole. He has worked in London, Zurich, New York and Vail at UBS, Lehman Brothers, HSBC, Drexel, Credit Suisse, and Salomon Brother in foreign exchange and precious metals.
MI2 Institutional Research offers a student discount for their subscription. The Student rate is $5,001/year for one user and includes access to: 8-10 Monthly Research Reports:
Any questions may be directed to: support@mi2partners.com
If you are interested in learning more about the Global Macro Summit in Vail between September 26 - 29, check out the link below -
Bullish Momentum to Continue with 'Melt-Up' to All-Time Highs with David Hunter
30 Jun 2023
00:34:43
Interview recorded - 28th of June, 2023
On this episode of the WTFinance podcast I had the pleasure of welcoming back David Hunter for a third time.
During our conversation we spoke about whether the Melt-Up is still on, what will influence it, which sectors will benefit from this and why the market is still so bearish. I hope you enjoy!
0:00 - Introduction 1:00 - Does David think Melt-Up is still on? 3:10 - Why will the S&P hit 6-7,000? 8:20 - Defensive investors forced to enter stock market? 11:10 - Drain of liquidity 12:35 - Concerned about concentration of market? 14:30 - Economic support or market driven? 18:25 - Worst after the FED cuts? 22:34 - Fundamentals driving Melt-up 27:09 - Bull market is currently contrarian 29:40 - One message to takeaway from conversation?
Investment professional with 25 years of investment management experience and 20 years as a sell-side strategist with strong expertise in macroeconomic analysis and portfolio management. My strong macro capabilities combined with a contrarian philosophy have allowed me to forecast economic cycles and spot market trends well ahead of the consensus. Intellectually honest, independent thinker comfortable with charting a course apart from the crowd. Accomplished stock picker and value-oriented portfolio manager.
Painful Market Crash on the Horizon with John Rubino
28 Jun 2023
00:43:37
Interview recorded - 20th of June, 2023
On this episode of the WTFinance podcast I have the pleasure of speaking with John Rubino - Founder of dollarcollapse.com, author/co-author of 5 books and a great Substack.
During our conversation we spoke about the bearish pain to come, why we will see further bank failures, could central banks bail out governments, whether this would lead to a Bretton Woods 3.0 and how to protect wealth during this period. I hope you enjoy!
0:00 - Introduction 0:53 - Key events that John is currently watching? 4:10 - Surprised how well the economy has held up? 5:20 - How will John know bearish catalyst 8:35- Why would central banks not bail out government? 13:10 - Do central bankers have any tools left to save the current system? 16:30 - Bretton Woods 3.0 or BRICS currency to emerge? 22:00 - What is happen with the Euro? 29:10 - Potential for a hot or cold war between diverging regions? 35:20 - How to protect wealth? 37:20 - Is land really a store of wealth when governments can tax? 40:55 - Key message to take away from our conversation?
John Rubino is a former Wall Street financial analyst and author or co-author of five books, including The Money Bubble: What To Do Before It Pops and Clean Money: Picking Winners in the Green-Tech Boom. He founded the popular financial website DollarCollapse.com in 2004 and sold it in 2022.
John's newsletter provides actionable advice, based on a couple of premises:
- The financial world is spinning out of control and will get considerably worse before it gets better.
- There are things we can do to improve our odds of surviving and thriving as the chaos unfolds.
On this episode of the WTFinance podcast I had the pleasure of speaking with Michael A. Gayed, Portfolio manager at Toroso Investments and publisher of @leadlagreport .
During our conversation we spoke about whether we still are in a recession, why the FED will increase interest rates further, other macro drivers Michael is watching and whether we will experience a Melt-Up. I hope you enjoy!
0:00 - Introduction 1:27 - What is happening in lumber and real estate? 4:07 - Why will the FED increase interest rates further? 5:50 - Any other parts of the markets that you are concerned about? 9:42 - Concentration of stocks 11:32 - Nvidia and CISCO 13:22 - Other macro drivers Michael is watching? 15:22 - How long can debtors survive? 17:03 - Melt-up? 19:07 - One message to takeaway from our conversation?
Prior to Toroso Investments, Michael was the Co-Portfolio Manager and Chief Investment Strategist at Pension Partners, LLC, an investment advisor managing mutual funds and separate accounts. He is the author of five award-winning research papers on market anomalies and investing. Michael was an active contributor to MarketWatch for a number of years and has been interviewed on CNBC, Bloomberg, and Fox Business, as well as the Wall Street Journal Live for his unique approach to interpreting market movements.
Michael earned his Bachelor of Science degree with a double major in Finance & Management at NYU Stern School of Business. Michael became a CFA Charterholder in 2008.
FIAT Ponzi Creating “Government Doom Loop” with Lawrence Lepard
21 Jun 2023
00:35:21
Interview recorded - 19th of June, 2023
On this episode of the WTFinance podcast I had the pleasure of speaking with Lawrence Lepard, Founder of Equity Management Associates and Sound Money Advocate.
During our conversation we spoke about what sound money is, whether our current economy can adapt to sound money, Bretton Wood 3.0 or BRICS currency, which assets will benefit and more!
0:00 - Introduction 0:20 - What is sound money? 6:20 - Can our current economy use sound money? 10:10 - How long does the FIAT system have? 17:35 - System will fight for as long as possible 20:18 - Bretton Wood 3.0? 22:55 - Could governments block the FIAT exits? 26:20 - Assets to protect wealth during hyperinflation? 27:42 - One message to take away from our conversation? 30:25 - Blackrock ETF good or bad for Bitcoin?
Larry founded Equity Management Associates, LLC (EMA) in 2006. EMA is an equity investment management firm that invests in growing private and public companies located around the world.
Since 2008, EMA has focused on investing in companies which mine the monetary metals, gold and silver. Larry presently serves on the Board of Directors of two development-stage gold mining companies: Lavras Gold Corp. (Toronto/Brazil) and Rise Gold Corp. (California). He has been a frequent guest of many media outlets including Bloomberg Television for his expertise on the monetary metals market. Prior to founding EMA, he spent 13 years at Geocapital Partners (Geo) in Fort Lee, NJ. There, he was one of two Managing General Partners and was responsible for four venture capital funds, aggregating ~$500 million. At Geo, he invested and/or served on the boards of many successful deals including Autoweb, Jackson Hewitt, Netcom, and Realtor.com.
Prior to Geo, Larry spent seven years at Summit Partners in Boston, MA and Newport Beach, CA, where he established Summit’s West Coast office. Larry was a General Partner in Summit I and Summit II and invested and/or served on the boards of Chips & Technologies and Software Spectrum, among other investments. Earlier in his career, Larry worked in the Mergers & Acquisitions Group of Smith Barney, Harris Upham & Co.
Prepare for Deflation As Economy Crashes with Henrik Zeberg
24 Jan 2025
00:31:55
Interview recorded - 17th of January, 2025
On this episode of the WTFinance podcast I had the pleasure of welcoming back Henrik Zeberg. Henrik is a Macro Economist, Founder and Publisher of the Zeberg Report.
During this conversation we spoke about the surprised resilience of the economy, why Henrik sees a recession on the horizon, whether it could become a China-like deflation, market narratives, Crypto to diverge from NASDAQ and more. I hope you enjoy!
0:00 - Introduction 1:54 - Surprised by economic resilience? 3:38 - Trump economic boom 8:56 - FED making mistake? 13:18 - West moving towards China-like deflation? 16:41 - China pulling down Europe? 18:32 - Market view? 21:41 - Don’t believe this time is different? 24:18 - Market narrative 26:16 - Crypto to diverge from the NASDAQ? 27:13 - When would Crypto peak? 29:47 - One message to takeaway?
Henrik Zeberg is a Macroeconomist (M.Sc. Econ) from the University of Copenhagen. He is a Business Cycles student, Elliott Wave practitioner, and Chartist. You can find out more about his newsletter on his Website.
RECESSION: Wealth Building Opportunity is Coming with Jaspreet Singh
19 Jun 2023
00:32:31
Interview Recorded - 13th of June, 2023
On this episode of the WTFinance podcast I had the pleasure of speaking with Jaspreet Singh, Serial Entrepreneur and founder of The Minority Mindset.
During our conversation we talked about the impending recession, whether it will be the same as 2008, how to benefit off a recession and more! I hope you enjoy.
0:00 - Introduction 1:00 - Current Macroeconomic Drivers Jaspreet is watching? 6:50 - Inflation to increase or decrease? 9:38 - Will this time be the same as 2008? 13:35 - Blackrock or other institutions to buy up distressed assets? 16:55 - How can individuals position to benefit off financial market distress? 22:45 - How will Jaspreet invest during this period? 26:50 - How do macro drivers effect Jaspreet’s portfolio? 27:45 - One message to take away?
Jaspreet “ @MinorityMindset ” Singh is a serial entrepreneur and licensed attorney on a mission to spread financial education. His YouTube Channel has over one million subscribers.
Although he didn’t receive any formal financial education – he’s on a mission to make financial education fun and accessible.
Jaspreet is the Chief Executive Money Nerd at the Minority Mindset Companies and the host of the Minority Mindset YouTube Channel.
Jaspreet is self-taught. His parents are immigrants from the state of Punjab, India. Like many of his second generation Indians, Jaspreet grew up thinking that he needed to become a doctor. But he found a new path. He started his first business – an event planning company – when he was in college.
However, Jaspreet didn’t see a future with that company. After graduating college, Jaspreet pursued law school where he continued his entrepreneurial and financial ventures.
While in college, he started investing in real estate. But he quickly realized that if he wanted to continue investing in real estate, he’d need access to more capital. So, Jaspreet jumped back into entrepreneurship.
After a couple years of research, Jaspreet invented a water-resistant athletic sock.
During the launch of his sock company, he was scammed by a marketing company which cost him thousands of dollars. This scam pushed him to start an educational social media page, which he called Minority Mindset. The Minority Mindset implies thinking differently than the majority of people. It’s not a racial minority.
He started the Minority Mindset YouTube Channel as a hobby to teach others how to not make the same mistakes he made.
Around the time when his YouTube Channel hit 100,000 subscribers – his sock patent was denied. At this point, he was forced to make a decision…
Continue with the sock company, or pursue “Minority Mindset”?
The sock company was profitable while Minority Mindset was not. He decided to follow his passion and pursued Minority Mindset full time after graduating law school.
Now the Minority Mindset brand has grown into a number of companies including Briefs Media – a media company and Market Insiders – an investing education app. His brand has helped countless people get out of debt, start investing, and create a plan towards building wealth.
China's Political Ideology Propelling Economic Collapse with Nick Glinsman
16 Jun 2023
00:42:57
Interview recorded - 14th of June, 2023
On todays episode of the WTFinance podcast I had the pleasure of speaking with Nick Glinsman, Co-Founder at Malmgren-Glinsman Partners.
During this conversation we spoke about Nick's opinion on the FOMC meeting, why BRICS+ will be a disaster, the disaster that China currently is, what opportunities are available and more!
0:00 - Introduction 1:20 - Nicks opinion on the FOMC meeting 9:05 - Global Macro outlook 12:20 - European outlook 15:10 - BRICS+ is a disastrous idea 17:30 - Does the market believe the FED? 20:20 - Is risk in the equity market? 24:40 - Recession but huge fiscal spending 25:40 - Where is the opportunity? 33:40 - Bearish China 40:00 - One message to takeaway?
Nick Glinsman -
Research Website - https://d5d0c2-2.myshopify.com/ Twitter - https://twitter.com/nglinsman LinkedIn - https://www.linkedin.com/in/nick-glinsman-75b53/?originalSubdomain=uk
The Housing Meltdown Is Imminent with Eric Basmajian
14 Jun 2023
00:43:56
Interview Recorded - 13th of June, 2023
On this episode of the WTFinance podcast I had the pleasure of speaking with Eric Basmajian, Founder of EPB Research.
During our conversation we spoke about whether a housing crash is still on the cards, why this is linked to a recession, Eric's economic data analysis process, how employment has remained strong with these conditions and other macro drivers Eric is currently watching. I hope you enjoy!
0:00 - Introduction 1:10 - Is a housing crash still on the cards? 6:14 - International housing markets in a similar position? 7:02 - Eric’s economic data analysis process 14:40 - Are the data points weighted based on importance? 17:35 - Difficult to predict a recession 21:37 - Revising data 24:10 - How has employment remained strong with these conditions? 30:05 - How will markets react to recessionary data? 32:05 - Other macro drivers Eric is watching? 38:25 - Catalyst for the credit event? 41:05 - One message to takeaway from our conversation?
Eric Basmajian is an economic cycle analyst providing research on long-term and short-term trends in growth and inflation. With a degree in economics and experience at a quantitative hedge fund, Eric has developed a unique secular and cyclical framework to forecast major economic inflection points and the resulting impact on asset prices.
Eric holds a bachelor’s degree in economics from New York University. Eric started on the buy-side of the financial sector, as an analyst with Panorama Partners, a quantitative hedge fund specializing in algorithmically scanning for mispriced equity derivatives.