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The Contrarian Investor Podcast

Latest episodes

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Mar 11, 2025 • 30min

Economic Cycle Still Has Room to Run, Even With Tariffs: Scott Colbert, Commerce Trust

Scott Colbert, a chief economist at Commerce Trust, delves into the economy's resilience despite tariffs. He argues that while these tariffs may reduce growth and inflate prices temporarily, they won't cause a recession. Colbert shares insights on the aging workforce and its effects on labor markets, suggesting a stable outlook for the economic cycle over the next four years. He also highlights the renewed appeal of fixed income investments and the potential challenges facing growth stocks in the current landscape.
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13 snips
Mar 4, 2025 • 55min

Pessimism's Return, Trump 2.0 Opportunities, With Phil Pecsok, Anacapa Advisors

Phil Pecsok, Managing Partner at Anacapa Advisors, shares his insights on the resurgence of market pessimism and its implications for investors. He dissects Walmart's disappointing earnings, linking them to broader economic uncertainties yet predicts a resilient stock market this year. Pecsok recounts his harrowing experience during the LA wildfires, revealing emotional and economic impacts on the community. He argues that Trump's policies might ultimately benefit the economy, advising patience amidst political turbulence and concerns over inflation.
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Feb 21, 2025 • 42min

AI Stocks Can't Lead the Market Much Longer. Invest Internationally Instead: Dan Rasmussen, Verdad Capital

Dan Rasmussen, founder of Verdad Capital and author of 'The Humble Investor', dives into the shifting landscape of AI stocks and the need for global diversification. He argues that the high-flying AI stocks are peaking due to rising capital demands, making sustained growth questionable. Instead of solely investing domestically, he highlights the benefits of looking internationally, where valuations are more attractive. Rasmussen also draws intriguing parallels between today's market and historical bubbles, urging humility in investment strategies.
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Feb 13, 2025 • 47min

Prepare for End of US Dollar Cycle, as Emerging Markets Rise: Rohit Goel, Breakout Capital

Rohit Goel, a portfolio manager at Breakout Capital specializing in emerging markets, shares insights on the impending end of the US dollar cycle. He discusses how the dominance of the dollar and US assets is due for a reversal. Emerging markets like India and Greece are becoming increasingly competitive, signaling a shift in global growth dynamics. Goel also highlights the challenges facing big tech stocks, suggesting that the optimism surrounding them may be overly inflated as investment opportunities evolve towards more resilient markets.
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Jan 28, 2025 • 31min

The Looming Iceberg Ahead of the US Economy: Les Rubin, Main Street Economics

Les Rubin of Main Street Economics joins the podcast to discuss his chief concern facing not just markets and economies, but the world at large: US sovereign debt. This podcast episode was recorded on Wednesday, Jan. 22, 2025 and released to premium subscribers the same day. Information on premium subscriptions, including the vast benefits, are available on our Substack. Content Highlights The US economy is headed to 'serious problems' and the guest's mission is to educate people to the gravity of the situation (1:47); Debt and fiscal deficits are nothing for the US. But its debt/GDP ratios is reaching a breaking point (2:57); How soon might the breaking point arrive? (5:30); Is there anything from the new Trump administration that might turn the tide? Elon Musk's DOGE program has promise... (11:02); What about tariffs? (16:22); Background on the guest (20:36); The need for more education: not just financial literacy, but economics (23:55). More Information on the Guest Website: MainStreetEconomics.org; YouTube: MainStreetEconomics762; LinkedIn: Main-Street-Economics; Twitter/X: @MainStreetEcon; Instagram: @MainStreetEconomics; Facebook: MainStreetEconomics.
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Dec 27, 2024 • 48min

Natural Gas as the Energy of the Future: Applications and Investment Opportunities, With Farid Guindo

Farid Guindo of Drill Capital Management joins the podcast to discuss his bullish views on natural gas -- not the commodity itself, necessarily, but its application to meet future energy demand. Content Highlights Natural gas as the energy of the future even as prices of the commodity itself plummet (1:08); Oil exploration is becoming increasingly difficult, expensive, and risky (2:58); The 'John D. Rockefeller moment' for natural gas (5:46); What role can nuclear energy play? (16:03); In natural gas, there will be winners and losers, however... (18:00); Where are the best opportunities? (19:51); Background on the guest (28:39); How will the new presidential administration (Trump 2.0) impact things? (41:38).
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Nov 21, 2024 • 41min

Opportunities in Closed-End Municipal Bond Funds: Jonathan Browne, RiverNorth Capital

Jonathan Browne, a portfolio manager at RiverNorth Capital specializing in closed-end municipal bond funds, shares his insights on investment opportunities in this niche market. He sheds light on the unique structure of closed-end funds compared to mutual funds and ETFs. Browne discusses expected yields and how discounts to net asset value present a contrarian investment strategy. He also addresses the risks posed by rising interest rates and inflation, while emphasizing how the current environment could favor savvy investors.
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Nov 1, 2024 • 32min

US Election 'Black Swans' Include Significant Chance of Political Violence

Mike Blythe, Chief Revenue Officer at Sigma7, brings his extensive national security expertise to the discussion. He outlines the heightened risks of political violence surrounding the upcoming US election, emphasizing the alarming predictions from security professionals. Blythe compares current sentiments to a 'tinderbox,' fueled by social media narratives that could ignite unrest. He also examines which parts of the economy are vulnerable and how geopolitical tensions may influence the volatile climate, offering vital insights into navigating these uncertain times.
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Oct 30, 2024 • 35min

Tariffs, Strong US Dollar, Stocks Rally, M&A: What to Expect From Trump-onomics 2.0 (Should It Happen)

Marc Chapman of Bannockburn Global Forex rejoins the podcast to discuss all things US election and the impact a Trump victory would have on economics and financial markets. This podcast episode was recorded Monday, Oct. 28, 2024 and was made available for premium subscribers that same day. More information about premium subscriptions is available on our Substack. Content Highlights The impact of a Trump victory next Tuesday is seen as greater as the impact of a Harris victory. What this means for markets and the economy (2:11); What if Trump doesn't win? That has become the contrarian take (3:45); How it all might affect Mexico, the US' largest trading partner (5:40); The US-Canada-Mexico free trade agreement is up for review next year. Expect more concessions from Mexico regardless of who's in the White House (and Congress) (12:22); However the outlook is not all bad for all Mexican securities... (15:40); Concerns Trump will try to limit the Federal Reserve's independence (19:38); Don't overlook the possibility of a recession early in the next president's term (25:44); Trump victory may lead to more mergers and acquisitions (26:50). More From the Guest Website: MarcToMarket.com; X: @marcmakingsense.
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Oct 23, 2024 • 48min

Trends Point to Trump Victory, Republican Sweep: Flip Pidot

Flip Pidot, the founder of American Civics Exchange, shares his expertise on political prediction markets and insights into the shifting tides of the upcoming election. He discusses why recent polling trends indicate a strong likelihood of a Trump victory and a Republican Congress. With about $40 million in pro-Trump bets and favorable early voting data, Pidot reveals how these dynamics could impact investors. He also touches on the potential for electoral disputes and the fascinating role of prediction markets in hedging political risks.

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