WTFinance

Interview recorded - 31st of August 2023On this episode of the WTFinance podcast I had the pleasure of speaking with David Rosenberg - Founder & President of Rosenberg Research & associates.During our conversation we spoke about why we have seen strong markets throughout 2023, similarities between 2008 and today, whether we could see a deep recession and what this means for assets moving forward. I hope you enjoy!0:00 - Introduction1:32 - Why have we seen strong markets in 2023?4:27 - Have you been surprised about consumer strength?9:39 - Similarities between today and 2008?16:47 - All linked to employment22:42 - Unemployment back to the mean?23:57 - Will it be a deep recession?35:52 - Jay Powell late to the cutting party?42:17 - How will assets react to a recession?49:55 - One message to take away from our conversation?David Rosenberg is the Founder and President of Rosenberg Research & Associates Inc., an economic consulting firm he established in January 2020. He and his team have as their top priority providing investors with analysis and insights to help them make well-informed investment decisions.Prior to Rosenberg Research, David was Chief Economist & Strategist at Gluskin Sheff + Associates Inc. from 2009 to 2019. From 2002 to 2009, he was Chief North American Economist at Merrill Lynch in New York, during which he was consistently ranked in the Institutional Investor All-Star analyst rankings. Prior thereto, he was Chief Economist and Strategist for Merrill Lynch Canada, based out of Toronto, where he and his team placed first in the Brendan Wood survey of Canadian economists for ten years in a row.Mr. Rosenberg is a frequent contributor to most major financial newspapers and publications in North America and makes regular TV appearances in the financial media. He received both a Bachelor of Arts and Masters of Arts degree in Economics from the University of Toronto.David Rosenberg - Website - https://www.rosenbergresearch.com/Twitter - https://twitter.com/EconguyRosieLinkedIn - https://www.linkedin.com/in/david-rosenberg-40800219b/WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

Interview Recorded - 29th of August, 2023On this episode of the WTFinance podcast I had the pleasure of speaking with Andy Constan, CEO & CIO of Damped Spring Advisor.During our conversation we spoke about Andy's thoughts on Jackson Hole, while higher interest rates will drive down both stocks and bonds, what this means for unemployment, what would change Andy's opinion and whether this could lead to further issues with banks. I hope you enjoy!0:00 - Introduction1:43 - Overview of Andy’s thoughts and Jackson Hole8:35 - How is there a shortage of government debt?11:03 - Duration moving during uncertainty12:42 - Treasury raising funds14:09 - Reverse Repo continue to pick up slack moving forward?18:50 - Will employment slowly change or require a catalyst?20:40 - Could student payment re-introduction impact inflation?21:30 - Do individuals have to lose their job?23:04 - What would have to change to change Andy’s perspective?25:14 - Parallels to 2008?27:25 - What will happen internationally?28:49 - Dollar to continue to strengthen?30:06 - Further issues in banks ?32:28 - One message to takeaway from our conversation?Andy has spent the past 35 years investing and trading global markets. Over the last 12 years, he has developed strong expertise in Macro investing working at Bridgewater Associates as an Idea Generator and most recently at Brevan Howard as Chief Strategist. Andy spent the first part of his career at Salomon Brothers and its successor companies. After 17 years at Salomon and as the Head of Global Equity Derivatives, Andy left and started two relative value hedge funds specializing in Multi-Asset Volatility Arbitrage and Capital Structure Arbitrage. Throughout his career, Andy has developed a keen cutting edge understanding of systematic quantitative research and investment while also deeply appreciating the importance of the insights that arise from discretionary investing strategies.Andy Constan - Twitter - https://twitter.com/dampedspringLinkedIn - https://www.linkedin.com/in/andyconstan/Website - https://dampedspring.com/WTFinance -Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes -https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Linkedin - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseas

Interview recorded - 24th of August, 2023On this episode of the WTFinance podcast I had the pleasure of speaking with  @CyrusJanssen - An International Speaker, Business Consultant, Content Creator and China Insider.During our conversation we spoke about the history of US/China relations, what was the catalyst for deterioration, the impact of COVID-19 China isolation, where the conflict would go on the current trajectory and what needs to change to improve relations. I hope you enjoy!0:00 - Introduction2:28 - History of US/China relationship7:38 - Conflict with intellectual property in 2010’s and why conflict escalated?10:19 - World trade organisation has no control11:35 - Product IP theft an issue?12:45 - When did the relationship start to deteriorate? 18:11 - Further hawkishness in both countries?20:45 - Isolation between both countries24:11 - Hong Kong suffered from expats leaving25:03 - On current trajectory, where does US/China conflict go? 28:44 - China also decoupling?35:01 - Can China shift to a consumption economy?39:33 - What need to change to create perfect US/China relations?47:33 - One message to takeaway from our conversation?Cyrus Janssen is a geopolitical analyst, investor, speaker, and social media influencer with over 1 million fans across his social media platforms. Born in the United States, Cyrus lived abroad for 15 years in China and Canada and enjoys sharing cultural and geopolitical insights from his travels to over 60+ countries. Based in Las Vegas, Nevada, Cyrus is the CEO of FastForward Marketing, a social media and consulting company helping brands in North America and Asia connect and build profitable social media campaigns.Cyrus Janssen - YouTube -  @CyrusJanssen  Website - https://www.cyrusjanssen.com/Twitter - https://twitter.com/thecyrusjanssenWTFinance -Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4LinkedIn - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseas

Interview recorded - 23rd of August, 2023On this episode of the WTFinance podcast I had the pleasure of speaking with  @gcelente - the Founder/Director of the Trends Research Institute and Publisher of the Trends Journal.During our conversation we spoke about whether a recession can be avoided, why th0:00 - Introduction1:32 - Have the FED avoided the recession?7:57 - What has caused this situation?11:40 - Equities and Gold going up 15:36 - What is the catalyst?17:04 - Market volatility to permeate throughout economy?26:22 - Key trends throughout 2023 and 2024?29:02 - Is there a way to avoid global crisis?31:26 - High risk of China/Taiwan conflict?33:11 - Are parts of the world that will thrive in the future?35:11 - Message to takeaway from our conversation?Gerald Celente is the Founder/Director of the Trends Research Institute and Publisher of the weekly Trends Journal magazine. He is the author of the highly acclaimed and best-selling books “Trend Tracking” and “Trends 2000” (Warner Books). With a 43-year track record of identifying, tracking, and forecasting trends, Celente is world-renowned as today’s #1 Trend Forecaster. Celente has earned the reputation as a trusted name in trends for his many accurate forecasts; among them, the 1987 Stock Market crash, Dot com bust, “Gold Bull Run,” “Panic of ‘08,” the rise of organic foods, and the popularity of gourmet coffee long before Starbucks was a household name. Celente, who developed the Globalnomic methodology to identify, track, forecast, and manage trends, is a political atheist. Unencumbered by political dogma, rigid ideology, or conventional wisdom, Celente, whose motto is “Think for Yourself,” observes and analyzes current events forming future trends for what they are – not for how he wants them to be. A true American Patriot, Celente owns three pre-Revolutionary stone buildings on the most historic corner in America, where the seeds of Democracy were sown, Colonial Kingston, New York’s first Capitol. Self-described as a “Warrior for the Prince of Peace,” Gerald Celente is also the Founder “Occupy Peace & Freedom,” a not-for-profit movement to honor the Constitution and Bill of Rights and restore Freedoms.Gerald Celente - Journal - https://trendsjournal.com/YouTube -  @gcelente  Twitter - https://twitter.com/geraldcelenteWTFinance -Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes -https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4LinkedIn - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseas

Interview recorded - 23rd of August, 2023On todays episode of the WTFinance podcast I had the pleasure of speaking with Simon Hunt.During our conversation we talked about whether the FED have saved the economy, what a global collapse could look like, why this could lead to higher inflation for longer, the potential for market instability, a commodity super cycle and more!0:00 - Introduction1:00 - Have the FED saved the economy?9:45 - Higher inflation and a recession?10:50 - What type of global collapse?12:02 - What will happen in China?14:48 - Will Europe be the worst effected?17:43 - The risk of Germany, Russia and China?20:00 - Minor recession followed by severe recession?21:10 - What happens to the markets?21:50 - What happens after the instability?24:30 - Commodity super cycle?27:40 - BRICS precious metal commodity?28:50 - Is it possible for these countries to de-dollarize?31:28 - Can the current economy survive with a gold-backed currency?32:48 - Assets to protect wealth during this period?33:50 - One message to takeaway from our conversation?Simon Hunt began his career in 1956 in Central Africa as a PA to the Chairman of Rhodesian Selection Trust, one of the two large copper companies in what was then Northern Rhodesia, now Zambia.In 1961 he came back to London and joined Anglo American Corporation of South Africa as a PA to one of the Board Directors, followed by being part of a small sales and marketing team for copper. From there, he helped start up a new copper development organisation, CIDEC, financed by copper producers, which he then joined, focusing on conducting end-use studies of copper in Europe.He then went into the City to gain financial experience and founded Brook Hunt in 1975. He was instrumental in setting up the company’s cost studies and end-use analyses. He appeared as material witness and consultant in two ITC anti-dumping cases in 1978 and 1984, winning both at the commission level.He has spent 2-4 months every year in China since 1993 and until a few years ago would be visiting some 80 wire and cable and brass mill factories across the country every year. He now restricts these factory visits to a smaller number, all of which he has known for many years. He also spends many weeks each year traveling around Asia.The focus of the company’s services is on the global economy, including the changing geopolitical and financial structures, China’s economy and its copper sector, and then the global copper industry as each part is interconnected.Simon is the author of the “Frontline China Report Service,” which is marketed by the TIS Group. The Service provides regular reports on China’s economy, politics, and financial outlook.Simon established this company in January 1996.Simon Hunt -Website - https://www.simon-hunt.com/Email - simon@shss.comWTFinance -Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes -https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4LinkedIn - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseas

Interview recorded - 17th of August, 2023On this episode of the WTFinance podcast I had the pleasure of welcoming back Ted Oakley - Managing Partner and Founder of Oxbow Advisors.During our conversation we spoke about what Ted is currently seeing, whether the market has peaked, how higher interest rates has struggled and what sectors Ted is looking to rotate into. I hope you enjoy!0:00 - Introduction1:19 - What is Ted seeing in the economy?4:14 - A lot has changed over the past 2 years5:44 - Markets peaked?6:58 - What is Ted’s thoughts on inflation?9:23 - Will there be a depression moving forward?10:44 - Higher interest rates to cause bankruptcies?11:49 - Could the FED cut rates at record levels?13:39 - How has Ted’s portfolio changed over the past few months?16:34 - How can you be patient during turbulent times?19:32 - How big could the reversal be?22:44 - What sectors has Ted rotated into?24:44 - Sectors that are unloved?26:19 - What is Ted seeing among the property market?30:34 - One message to takeaway from our conversation?Ted Oakley is Managing Partner and Founder of Oxbow Advisors.  With more than forty years of experience in advising high net worth clients in the investment industry, Oakley implements the firm’s proprietary investment strategies and the “Oxbow Principles” to provide a unique investment perspective.  He is a frequent guest on FOX Business News, Bloomberg Radio, KITCO News, Cheddar TV, Yahoo Finance, and many more.Mr. Oakley is a Chartered Financial Analyst (CFA) and a Certified Financial Planner (CFP).  He is a member of the Austin Society of Financial Analysts.  He is also a Partner of Herndon Plant Oakley Ltd., an investment company. He is a Board Member of Texas State Aquarium, American Bank, and American Bank Holding Company. Mr. Oakley is a United States Army Veteran.Mr. Oakley began his career in Dallas, Texas, over 35 years ago. He is the author of nine books: You Sold Your Company, $20 Million and Broke, Rich Kids Broke Kids – The Failure of Traditional Estate Planning, Crazy Time – Surviving the First 12 Months after Selling Your Company, Wall Street Lies, Danger Time, My Story, The Psychology of Staying Rich, and Your Money Mentality.Mr. Oakley’s primary philanthropic interest is helping children. He is Chairman Emeritus and Founder of the Foster Angels of South Texas, the largest foster child foundation in South Texas, as well as Chairman Emeritus and Founder of Austin, Texas-based Foster Angels of Central Texas.  Also, President and Founder of Advocates for Foster Children Foundation.Ted Oakley - Website - https://oxbowadvisors.com/Twitter - https://twitter.com/Oxbow_AdvisorsLinkedIn - https://www.linkedin.com/in/ted-oakley-08444a32/YouTube -  @OxbowAdvisors  WTFinance - Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes -https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4LinkedIn - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseas

Interview recorded - 10th of August, 2023On this episode of the WTFinance podcast I had the pleasure of hosting Henrik Zeberg - Macro Economist, Founder and Publisher of the Zeberg Report. During our conversation we spoke about Henrik's thoughts on the markets, why we could see all time highs in the near future, how this could be followed by a stock market crash and methods to protect wealth during such a period. I hope you enjoy!0:00 - Introduction0:39 - Henrik’s thoughts on the markets and why has the market been so strong this year?4:23 - Which economic indicators is Hendrik watching?6:09 - What will impact higher unemployment?10:14 - Strong performance followed by a crash12:14 - Stock market to all time highs14:34 - What will perform during stock market crash?16:46 - Central banks won’t be able to save the economy17:57 - Stagflation?21:04 - Who suffers from a debt crisis?23:24 - Are central banks making the wrong decisions?25:49 - What would be the right solution for central banks to make?29:49 - What assets protect wealth during stagflation?30:44 - One message to takeaway from our conversation?Henrik Zeberg is a Macroeconomist (M.Sc. Econ) from the University of Copenhagen. He is a Business Cycles student, Elliott Wave practitioner, and Chartist. You can find out more about his newsletter on his Website.Henrik Zeberg - Newsletter - https://www.thezebergreport.com/Twitter - https://twitter.com/HenrikZebergWTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

Interview recorded - 10th of August 2023On this episode of the WTFinance podcast I have the pleasure of speaking with Michael Green - Chief Strategist at Simplify Asset Management. During our conversation we spoke about his thoughts on Michael's assessment, why the economy is holding up with interest rates, what this means for the markets for the rest of the year and how Michael is allocating for a recession. I hope you enjoy!0:00 - Introduction1:01 - Michael’s assessment of global economy and financial markets?5:51 - Are the FED too narrow focused?10:53 - Why is the economy holding up with higher interest rates?14:40 - Fixed vs Variable Mortgages16:31 - Why has stock market been so strong in 2023?26:04 - Upside and downside volatility?28:56 - What will the catalyst for market stress be?33:56 - Michael’s thoughts on emerging markets?40:06 - How is Michael allocating for recession?45:46 - One message to takeaway from our conversation?Michael has been a student of markets and market structure, for nearly 30 years. His proprietary research into the shift from actively managed portfolios and investment funds to systematic passive investment strategies has been presented to the Federal Reserve, the BIS, the IMF and numerous other industry groups and associations.Michael joined Simplify in April 2021 after serving as Chief Strategist and Portfolio Manager for Logica Capital Advisers, LLC. Prior to Logica, Michael managed macro strategies at Thiel Macro, LLC, an investment firm that manages the personal capital of Peter Thiel. Prior to Thiel, Michael founded Ice Farm Capital, a discretionary global macro hedge fund seeded by Soros Fund Management. From 2006-2014, Michael founded and managed the New York office of Canyon Capital Advisors, a $23B multi-strategy hedge fund based in Los Angeles, CA, where he established their global macro strategies, managing in excess of $5B of exposure across equity, credit, FX, commodity and derivative markets.In addition to his work as a market theorist and portfolio manager, Michael has been noted for his work as a public speaker and financial media participant. He is a graduate of the Wharton School at the University of Pennsylvania and a CFA holder.Michael Green - Substack - https://www.yesigiveafig.com/Twitter - https://twitter.com/profplum99LinkedIn - https://www.linkedin.com/in/michael-green-9a15142/Simplify - https://www.simplify.us/WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

Interview recorded - 7th of August, 2023On this episode of the WTFinance podcast I have the pleasure of speaking with Chris Vermeulen - Founder & Chief Market Strategist at The Technical Traders. During our conversation we spoke about whether Chris expected a bull market in 2023, Chris' investment strategy, whether we are approaching a double top and more!0:00 - Introduction0:37 - Did Chris expect a bullish 2023?2:37 - Chris’ investment strategy?9:25 - Key focus is price11:25 - How do you identify strong trends?12:52 - Looking at longer timeframes15:07 - What is the reinvesting strategy?18:52 - Could we have already had the bear market in 2022?20:55 - How do you know when the bear market begins?23:42 - Are we approaching a double top?25:07 - Hierarchy of assets?27:32 - One message to takeaway from our conversation?Chris Vermeulen, the visionary investor who pioneered an industry-breaking method of investing called “Asset Revesting.” Chris introduced this innovative approach in his latest book, “Asset Revesting – How to Exclusively Hold Assets Rising in Value, Profit During Bear Markets, and Continue Building Wealth in Retirement.“Chris’s journey in the financial world began in 1997 at 16. Using his innate talent for trading and risk management, Chris earned enough money to pay for his final year of college, where he earned a business diploma in operations management. He then transitioned into a full-time entrepreneur and trader, achieving financial freedom in his 20s.His expertise in technical analysis led him to create systematic processes that uncover unique trading and investment opportunities. A persistent advocate for managing portfolio risk, Chris has little faith in the buy-and-hold strategy, which often entails holding onto depreciating assets.Chris’s innovative approach to asset allocation emphasizes efficiency, resulting in systems that manage portfolio positions, exhibit low drawdowns, and consistently outperform the markets. His short-term and long-term strategies are perfect for those seeking proven techniques to manage and protect capital.Chris is widely recognized as an exceptional technical trader, possessing profound insight and a keen understanding of market trends. He shares his wisdom in his book “Technical Trading Mastery, Second Edition – 7 Steps to Win with Logic,” further solidifying his reputation as a trailblazer in the financial industry.Chris Vermeulen - Website - https://thetechnicaltraders.com/Twitter - https://twitter.com/TheTechTradersYouTube -  @TheTechnicalTraders  WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

Interview recorded - 1st of August, 2023On this week of the WTFinance podcast I have the pleasure of speaking with Chance Finucane - Chief Investment Office of Oxbow Advisors. During our conversation we spoke about Chance's thoughts on the market, why they went risk on at the end of 2022, which companies are overvalued and more!0:00 - Introduction0:57 - What is Chance’s thoughts on the market?2:55 - Why risk on at the end of 2022?3:27 - Rotating into other sectors?5:50 - What does an undervalued company look like?7:45 - Ominous trend of mean reversion?9:18 - What is the economic data currently saying?12:15 - What is Chase’ base case?13:53 - Which specific industries are undervalued?15:55 - What is your strategy to calculating fair value?17:55 - How long holding stocks for?19:45 - What other assets is Chance watching?22:05 - One message to takeaway from our conversation?Chance joined Oxbow in 2017 after spending six years on the investment team at Institutional Capital (ICAP), a global value investment firm based in Chicago. He is a graduate of Indiana University with a B.S. in Accounting and Finance and an M.B.A. in Accounting. Chance is a member of the firm’s investment committee.Chance Finucane - Twitter - https://twitter.com/chancefinucane?lang=enWebsite - https://oxbowadvisors.com/Twitter - https://www.linkedin.com/in/chance-finucane-a2b82b128/WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseasThumbnail image from - https://www.adviserinvestments.com/bi-weekly-newsletter/are-stocks-overvalued/