Debt Ceiling and/or FED Tightening to 'Break Markets' with Grant Williams

Interview Recorded - 24th of May, 2023

On todays episode of the WTFinance podcast I had the pleasure of welcoming back Grant Williams, an experienced investor who is the author of the Newsletter Things That Make You GO Hmmmmm and Co-Founder of the Real Vision Group.

During our conversation we spoke about the rising risk in the markets, whether we will see the FED put re-emerge, how to protect your portfolio from a market 'air pocket' and what would be needed to avoid a hard landing. I hope you enjoy!

0:00 - Introduction
1:00 - What is Grant seeing in the markets?
4:20 - Uncommon events more likely to happen
5:30 - The risk of concentration in markets?
8:45 - Crowded trades move quickly
10:15 - The FED put
14:10 - What would happen if interest rates remain high?
16:05 - A push away from monetary to fiscal policy
18:45 - Results of a credit event?
22:23 - How do you protect from a market ‘air pocket’?
26:25 - How to know what to be worried about?
27:15 - Could there be a soft landing and how would it be achieved?
29:20 - Any key trends not given enough attention?
38:30 - What does bottom up and top down mean?
41:54 - One message to takeaway from our conversation?

Grant Williams, much to his dismay, has logged over 35 years in finance. During that time, he’s lived and worked in seven major financial centres from London to Sydney, building the kind of network that many others can only dream about.

He began his career in the Japanese equity market in the mid-1980s, before a three-year posting to Tokyo ensured he had a ringside seat as the twin bubbles in equities and real estate burst simultaneously and spectacularly at the end of 1989. After a short stint back in London, Grant relocated once again, this time to New York, where he spent 7 years. Subsequent postings have taken him to Hong Kong, Sydney, Singapore, and the Cayman Islands.

Currently, he is a senior advisor to Matterhorn Asset Management AG https://goldswitzerland.com/ in Switzerland, and a portfolio and strategy advisor to Vulpes Investment Management https://www.vulpesinvest.com/ in Singapore.

Back in 2014, Grant’s ambition to bring the most intelligent, engaging, and original people in finance to a wider audience led him to co-found Real Vision https://www.realvision.com/, an on-demand internet-based financial media platform.

Grant’s twin Real Vision interview series, 'In Conversation With…' and 'On The Road' raised the bar for financial content – engaging and educating viewers in equal measure and helping them learn the secrets behind a group of extraordinary investors’ success.

Long before Real Vision, however, Grant was guiding people around the fringes of finance with his regular newsletter, Things That Make You Go Hmmm… https://www.grant-williams.com/ttmygh_newsletters/, a publication which, from humble beginnings as a daily note to a few friends and colleagues, has grown into one of the most widely-read financial publications in the world.

Grant Williams - 

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Twitter - https://twitter.com/ttmygh

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