
Real Vision: Finance & Investing
Is a Recession Priced In? with Bob Elliot
Oct 14, 2023
Bob Elliot, CEO and co-founder of Unlimited Funds, discusses whether financial markets are correctly pricing in a recession. He shares how he manages the dual tail risks of a boom or a crash. The podcast explores central bank meetings, profiting from uncertainty, the perception of a recession, exploring the potential of the TIPS market, real interest rates and risk premiums in the equity market, pricing of assets in the global economy, and views on Bitcoin, bond market outlook, and AI investment opportunities.
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Quick takeaways
- Central banks are prioritizing growth over inflation, which impacts the long end of the yield curve and creates challenges for traditional portfolios.
- Investors should consider alternative assets like commodities and gold, as bonds are no longer effective diversifiers for stocks.
Deep dives
Central banks prioritize growth over inflation
The major central banks are prioritizing their concerns about growth ahead of fulfilling their inflation mandate. They are comfortable with a dynamic where inflation remains elevated for a longer period of time.
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