Keith Dicker on Canadian Equities, Economic Challenges, and Portfolio Diversification Strategies

Discover the layers of modern investing with Keith Dicker, founder and Chief Investment Officer of IceCap Asset Management, as we navigate the volatile world of Canadian equities and their global counterparts. Keith unveils the complexities of portfolio diversification beyond the traditional 60-40 split, urging investors to embrace a mix of cash, currencies, sovereign debt, credit, equities, and commodities. Together, we dissect the fervor surrounding equities and anticipate market shifts following the American elections, amid fears of a global economic slowdown.

Canada's rapid population growth presents unique economic challenges, straining housing, infrastructure, and public services, while slowing economic output per capita and heightening recession risks. Keith and I discuss Canada's recession history, typically oil-driven and centered on Alberta, yet warn of potential balance sheet recessions impacting housing and corporate lending. The conversation expands to interest rate dynamics, exploring looming inflationary pressures and recession concerns in both Canada and the US, as dictated by the Bank of Canada and the Federal Reserve.

Central banks might lean towards jumbo rate cuts, with the Bank of Canada poised for significant decisions as inflation hovers precariously. Keith and I delve into the possibility of a sovereign debt crisis and the intricate balancing act facing policymakers, reflecting on past economic policy failures. Commodities emerge as a critical component of diversified portfolios, offering a hedge against geopolitical and inflationary uncertainties. We champion a customized approach to portfolio management, especially for family offices, critiquing the investment industry's tendency to misattribute success and failure.

Start your adventure with TableTalk Friday: A D&D Podcast at the link below or wherever you get your podcasts!
Youtube: https://youtube.com/playlist?list=PLgB6B-mAeWlPM9KzGJ2O4cU0-m5lO0lkr&si=W_-jLsiREjyAIgEs
Spotify: https://open.spotify.com/show/75YJ921WGQqUtwxRT71UQB?si=4R6kaAYOTtO2V

 Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive.

Foodies unite…with HowUdish!

It’s social media with a secret sauce: FOOD! The world’s first network for food enthusiasts. HowUdish connects foodies across the world!

Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!

HowUdish makes it simple to connect through food anywhere in the world.

So, how do YOU dish? Download HowUdish on the Apple App Store today: Support the show