WEALTHTRACK

Sarah Ketterer, CEO of Causeway Capital Management, delves into the emerging investment opportunities in Europe. She discusses how U.S. trade policies are unexpectedly fostering growth in Europe, particularly in Germany and the pharmaceutical sector. Ketterer highlights the rising defense budgets that signal an optimistic financial landscape. She also emphasizes the importance of disciplined diversification in investment strategies, providing insights on managing risks effectively while steering clear of over-diversification pitfalls.

Financial historian James Grant, founder of Grant's Interest Rate Observer, warns that gold's recent rally poses a threat to U.S. financial dominance. He discusses the declining confidence in the dollar and rising interest in gold by central banks, highlighting potential shifts in global finance. Grant explains how economic uncertainties make gold a stable investment, emphasizing the importance of independent financial strategies while navigating today’s volatile market. His insights challenge traditional investment norms and suggest a reevaluation of asset portfolios.

Niall Ferguson, a distinguished historian and senior fellow at Stanford and Harvard, dives into America's waning global influence. He discusses the evolution of the American empire since WWII and the implications of rising federal debt on military readiness. Ferguson highlights Taiwan's pivotal role in technology and geopolitical tensions with China. He calls for a reassessment of U.S. strategies and urges investors to focus on defensive assets like Bitcoin, cash, and gold amidst shifting economic dynamics and uncertainties.

Niall Ferguson, a renowned historian and senior fellow at Stanford and Harvard, dives into the ramifications of tariff uncertainty on the economy. He connects Trump's tariff policies with COVID-19's disruptions, emphasizing their influence on global supply chains and consumer prices. Ferguson also discusses the intense U.S.-China trade war and its contrasting impacts on both nations, while raising alarms about the uncertainty unsettling businesses. Finally, he shares investment insights during these turbulent times and the potential benefits for European stocks from increased defense spending.

Investment legend Jeremy Grantham, co-founder of GMO, shares his insights on the current state of the US stock market, calling it one of the most overvalued times in history. He warns about the risks of speculative investing and the emotional challenges faced by investors. Grantham advocates for seeking investment opportunities overseas and emphasizes choosing high-quality companies with low debt. With the rise of AI and post-COVID market dynamics, he also discusses the need for resilient and diversified long-term portfolios to navigate economic uncertainties.

As a portfolio manager, Susan Byrne was called one of the world’s greatest investors when she was running the Westwood Funds. Still active, she shares her views on current market conditions and advice for investors.WEALTHTRACK episode 2145, Broadcast on May 9, 2025

John Lipsky, a senior fellow at Johns Hopkins University and former IMF deputy managing director, dives into the upheaval caused by new U.S. tariff policies. He unpacks how these changes are reshaping global trade and financial systems, raising concerns about rising protectionism. Lipsky emphasizes the shift towards a service-driven economy, detailing impacts on GDP and trade dynamics. He also touches on the evolving investment landscape and the need for cooperation among nations amidst growing uncertainties in the financial markets.

Global Shocks author Nicholas Sargen says Trump’s tariff policies are of historic proportions with lasting consequences for the global economy and financial markets. WEALTHTRACK 2143 broadcast on April 25, 2025

Award-winning bond manager Mary Ellen Stanek is finding unusual opportunities in the recent bond market turmoil. She shares what they are and her advice to investors on handling unsettling markets. WEALTHTRACK episode 2142 broadcast on April 18, 2025

Robert Kessler, a retired treasury bond manager and CEO of Kessler Investment Advisors, shares his bold stance on investing without stocks. He critiques the 'stocks for the long run' belief, revealing why he's fully divested from equities. Kessler highlights current market volatility and the risks of high stock valuations, urging listeners to consider safer assets like short-term treasuries. He also addresses tax implications that steer investors away from profit-driven decisions, advocating for a diversified and cautious approach to navigating financial uncertainties.