Kontrarian Korner Kontrarian Korner #43 - Chris MacIntosh
Last week I was able to get Chris MacIntosh on the podcast, and it was a fascinating conversation. We talked about the different cycles that are all converging, the geopolitical situation in Europe, and opportunities in different commodities and South America. He’s very sharp on a bunch of different topics, from history to financial markets and everything in between. If you want to find his website or his Twitter, I have included links below.
Podcast Summary
* The current geopolitical situation and the cyclical nature of history.
* How different cycles are all lining up right now, from the debt cycle, the monetary cycle, the commodities cycle, and the 250 year revolutionary cycle.
* The capital rotation on the horizon, and why gold is typically the first mover on that front.
* How the economics in Europe are driving their decision making, why he thinks we will see capital flight out of Europe.
* Capital controls, and how they are masked as regulatory controls in Europe.
* Why he thinks we could be headed for stagflation and why he thinks this commodities cycle will be driven by supply constraints instead of booming demand.
* Energy is typically the best performing asset in stagflationary cycles.
* Why they are fairly heavy in the energy sector, which has some of the cheapest assets on the planet, particularly in the offshore oil services space.
* How shipbuilders are another constraint worth watching.
* The potential supply squeeze setting up in coal, and how coal has been starved of capital for years.
* Why he is bullish on South America, and very bullish on Argentina in particular.
* Avoiding bonds because of where we are in the cycle.
* The formation of geopolitical blocks around the world.
* Why Venezuela as the wild card in South America.
* Trump’s negotiating style, and why Canada is in a weak position.
* Book Recommendation: 180 Degrees: Unlearn The Lies You've Been Taught To Believe by Feargus O’Connor Greenwood.
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