Raoul Pal: The Journey Man Raoul Pal & Julian Bittel: Making Sense of Everything (Masterclass)
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May 24, 2024 
Raoul Pal and Julian Bittel dive into the ultimate macro masterclass covering topics like understanding the economy, markets, debasement of currency, liquidity, forecasting asset prices, and why crypto is a crucial macro trend. They also explore Polkadot's blockchain, the Everything Code, and the importance of crypto investments in today's landscape.
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Liquidity's Importance
- Global liquidity increases by 8% annually, setting a high hurdle rate for investments.
- Anything below this benchmark makes your future self poorer, considering inflation.
Mega Trends
- Two major secular trends dominate: cryptocurrency and the NASDAQ.
- These trends outperform other assets due to technological adoption and capital flow.
GDP Growth Factors
- GDP growth is determined by population growth, productivity growth, and debt growth.
- Debt growth offsets weak population or productivity, but at the expense of future prosperity.