WTFinance

Interview recorded - 19th of October 2023On this episode of the WTFinance podcast I had the pleasure of welcoming on Jim Bianco - President and Macro strategist at Bianco Research. On this episode we spoke about increasing yields on the long end, the new normal, why this could lead to higher inflation for longer, economic indicators that Jim believes show the new normal, assets to outperform current situation and more. I hope you enjoy!0:00 - Introduction1:19 - What is Jim currently watching?5:14 - Why would a pivot increase yields on the long end?13:44 - What level will bonds have to be for the FED to intervene?17:19 - Have economist been caught of guard by the new normal?22:04 - Current economic indicators to watch?26:19 - Will fiscal spending remain the same?29:43 - What assets outperform current scenario?36:34 - One message to takeaway from our conversation?Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim’s commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades long reputation for objective, incisive commentary that challenges consensus thinking. In nearly 20 years at Bianco Research, Jim’s wide ranging commentaries have addressed monetary policy, the intersection of markets and politics, the role of government in the economy, fund flows and positioning in financial markets. Jim appears regularly on CNBC, Bloomberg and Fox Business, and is often featured in the Wall Street Journal, Bloomberg News, Grants Interest Rate Observer, and MarketWatch. Prior to joining Arbor and Bianco Research, Jim was a Market Strategist in equity and fixed income research at UBS Securities and Equity Technical Analyst at First Boston and Shearson Lehman Brothers. He is a Chartered Market Technician (CMT) and a member of the Market Technicians Association (MTA). Jim has a Bachelor of Science degree in Finance from Marquette University (1984) and an MBA from Fordham University (1989).Jim Bianco - Website - https://www.biancoresearch.com/visitor-home/Twitter - https://twitter.com/biancoresearchYouTube -  @BiancoResearch 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 - 11th of October, 2023On this episode of the WTFinance podcast I had the pleasure of speaking with Didier Sornette - Emeritus Professor of Entrepreneurial Risks at ETH Zurich; and Chair Professor and co-Dean of the Institute of Risk Analysis, Prediction, and Management (Risks-X) at the Southern University of Science and Technology (SUSTech) Shenzhen.During our conversation we spoke about whether you can predict financial crises, how this was done during 2008, what Didier is seeing in current markets and how this may link to the current bond markets. I hope you enjoy!0:00 - Introduction1:41 - Can you predict financial crises?5:26 - Finding preluding indicators before crises?9:21 - What did Didier see during 2008 to see risk in the housing markets?16:21 - FED’s trying to reduce risk as much as possible23:56 - Are we currently heading towards a crisis?36:00 - Bond market housing market comparison?42:01 - One message to takeaway from our conversation?Didier Sornette is Emeritus Professor of Entrepreneurial Risks at ETH Zurich, and Chair Professor and co-Dean of the Institute of Risk Analysis, Prediction, and Management (Risks-X) at the Southern University of Science and Technology (SUSTech) Shenzhen. Since his recent retirement from ETH Zurich, Professor Sornette has been working actively with the private sector on developing socially important products with clear applications in the medical field and in dynamic financial risk management.Professor Sornette is using data-driven mathematical statistical analysis to study the predictability and control of crises and extreme events in complex systems. His key contribution is to use nonlinear multi-variable dynamical settings that include both positive and negative feedback. The results obtained help us better understand the overall stability and instability of financial markets.Didier Sornette - Website - https://emeritus.er.ethz.ch/about-us/people/sornette.htmlPublications - https://www.researchgate.net/profile/Didier-SornetteWTFinance -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 October, 2023On this episode of the WTFinance podcast I had the pleasure of welcoming back ​⁠​⁠​⁠ -  “The Robin Hood of Wall Street” and Founder of Traders Choice. During our conversation we spoke about the continued debt issue, what is happening with government bonds, why we are seeing a liquidity vacuum, the current system and more. I hope you enjoy!0:00 - Introduction1:04 - What are we currently seeing in the markets?5:16 - What is happening in the debt market?8:10 - What is happening in long duration government bonds?11:55 - Why is there a liquidity vacuum?15:45 - Will we see a changing system in the short term?18:40 - What will be the first to crack?21:10 - Crises to benefit assets?26:45 - Precious metals benefit when debt markets have issues28:10 - One message to takeaway from our conversation?Gregory Mannarino, also known as "The Robin Hood Of Wall Street," is an active/full time trader of the capital markets with a world-wide following.Born on July 22, 1965, he became interested in "Wall Street," like many others at the time, in 1987 after seeing the movie Wall Street with Michael Douglas. Around that time he was able to get an entry level position, then subsequently to the trading floor,  at the now defunct bank Bear Stearns, but within a relatively short time realized that working on Wall Street was not like the movies and moved on. He went on to get a medical degree and practiced medicine as a Physician Assistant beginning in 1996, now retired from practice. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieutenant. Gregory even published a book on casino Blackjack strategies years later, and was banned from playing the game in Las Vegas casinos.Gregory Mannarino - YouTube - https://www.youtube.com/c/GregoryMannarinoTraders Choice - https://traderschoice.net/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 - 6th of October, 2023On this episode of the WTFinance podcast I have the pleasure of speaking with Amir Goren - Principal at the Economic Defense Fund. During our conversation we spoke about whether a FED pivot will cause a stock market crash, what impact interest rates have on markets, strong economic drivers and how long the future recession could be. I hope you enjoy!0:00 - Introduction1:50 - What is Amir seeing in the markets?6:56 - No clear FED expectations could crash markets?10:32 - What would increasing oil prices do to markets?13:32 - Strong employment numbers in the US17:36 - What would influence a pivot?21:42 - What will the future recession be?22:37 - More pain for longer?25:32 - Is there a risk of bonds impacting US government29:49 - How far could the market drop?33:07 - One message to takeaway from our conversation?Amir Goren’s unique investment approach is based on a combination of his macroeconomic analytical and econometric expertise as well as his technological background.He holds a Ph.D in Economics from UC Irvine, MS in Biomedical Enterprise from Harvard and MIT as well as MBA and Bachelors’ in Engineering degrees from Tel Aviv University.Amir Goren - LinkedIn - https://www.linkedin.com/in/amirgoren/Twitter - https://twitter.com/EconomicDefenseSubstack - https://econdef.substack.com/Website - https://www.economicdefensefund.com/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

Jesse Felder, Founder of Felder Investment Research and host of Superinvestors, discusses the potential for an uncontrollable debt spiral in the US. Topics include bond markets, the FED's intervention, a possible dollar wrecking ball, and the end of overperformance by growth stocks. They also explore alternatives to the traditional 60-40 investment strategy and the importance of diversifying across different assets.

Interview Recorded - 29th of September 2023On this episode of the WTFinance podcast I had the pleasure of speaking with Rick Rule - Former President & CEO of Sprott U.S. Holdings with decades of experience in the commodities business.During our conversation we spoke about what Rick is currently seeing in the commodity market, potential supply gap for many commodities, who will be the winners in this scenario, whether a supply shock can be prevented and more!0:00 - Introduction0:15 - What Rick is currently seeing in the commodity markets?2:18 - Short term risk of recession followed by commodity bull market3:38 - Is there a way to fill the supply gap?5:11 - Positive impact of innovations6:45 - Which commodities will have the worst supply/demand gap?9:22 - Winners in battery, industrial and precious metals?14:36 - Precious metals diversification for bonds?19:17 - Gold and Silver to act similarly?21:12 - One message to takeaway from our conversation?Rick began his career 47 years ago in 1974 in the securities business and has been involved in it ever since. He is known for his expertise in many resource sectors, including agriculture, alternative energy, forestry, oil and gas, mining, and water. In 1990, Rick founded the business now known as Sprott US Holdings” merging in into Sprott Inc. ( SII) in 2011. He retired from Sprott Inc., in 2021, and resigned from the board of directors in 2023, but remains Sprott’s largest shareholder. IMr. Rule is a sought-after speaker at industry conferences, and a frequent contributor to numerous media outlets including CNBC, Fox Business News and BNN. Mr. Rule is actively engaged in private placement markets, through originating and participating in hundreds of debt and equity transactions.Rick Rule - Twitter - https://twitter.com/RealRickRuleLinkedIn - https://www.linkedin.com/in/rick-rule-1058921a/Website - https://ruleinvestmentmedia.com/Seminar - https://hopin.com/events/rick-rule-s-summer-investing-bootcamp-topic-tba-aa49dcf0-e168-4883-a761-c2ec78d84d77?utm_source=aff&utm_campaign=6WTFinance -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 - 26th of September, 2023On this episode of the WTFinance podcast I had the pleasure of speaking with  @JamesKerLindsay - A Geopolitical and Ethnic Conflicts expert. James holds a PhD in International Conflict Analysis and has published a dozen books on ethnic conflicts and territorial disputes. During our conversation we spoke about whether we are living in more turbulent times, what the current geopolitical landscape compares to, whether a region can secede, other drivers that will impact geopolitics in the future and more. I hope you enjoy!0:00  - Introduction1:16 - Are we living in more turbulent times than normal?8:14 - What does our current geopolitical landscape remind James of?14:16 - Setting the precedent of annexing territory?18:34 - Is the globe hypocritical on current Azerbaijan invasion?25:26 - Is secession possible in todays day and age?30:51 - Going back to proxy wars?37:40 - Other drivers that will impact geopolitics in the future?41:15 - One message to takeaway from our conversation?James Ker-Lindsay is Visiting Professor at LSEE. His research focuses on conflict, peace and security in South East Europe (Western Balkans, Greece, Turkey and Cyprus), European Union enlargement, and secession and recognition in international politics. He has played an active role in the development of South East European Studies, both in Britain and internationally. He is a former coordinator of the BISA Working Group on the region and is on the editorial boards of Southeast European and Black Sea Studies, the Journal of Balkan and Near Eastern Studies, and Ethnopolitics.As well as his academic work, Prof Ker-Lindsay maintains a strong record of policy engagement and consultancy. He has worked at the Royal United Services Institute (RUSI), the world’s oldest independent security and defence studies think tank, and at the Foreign and Commonwealth Office. He has also served as an advisor to a number of governments and international organisations, including the United Nations and the Council of Europe. He appears regularly in the media and has been interviewed by many leading international news organisations, such as the BBC, CNN, Reuters, Associated Press, The Economist, The Guardian, The New York Times, Radio Free Europe, SKY News, The Times and the Wall Street Journal.James Ker-Lindsay - YouTube -  @JamesKerLindsay  Books - https://www.amazon.co.uk/James-Ker-Lindsay/e/B001JOTQ88/Twitter - https://twitter.com/JamesKerLindsayWTFinance -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 - 22nd of September, 2023On this episode of the WTFinance podcast I had the pleasure of speaking with Peter Foster - Public Policy Editor of the Financial Times and author of the recently released book “What Went Wrong With Brexit: And What Can We Do About It”.During our conversation we spoke about Peter's influence for writing the book, what went wrong with Brexit, whether COVID had an impact, the issue of free movement within the EU, can Brexit be fixed and more. I hope you enjoy!0:00 - Introduction2:16 - What was Peter’s influence for writing the book?3:39 - Challenging for constructive conversations6:49 - Promises laid out during BREXIT and actual implementation?11:39 - Disaggregating COVID impact?16:34 - Free movement was a big issue in the UK25:17 - Can Brexit be fixed?32:02 - One message to takeaway from our conversation?Peter Foster is the public policy editor of the Financial Times. His brief is to break out of the bubbles of Westminster and Whitehall to cover all aspects of UK policy, including the implementation of Brexit, the recovery from the coronavirus pandemic and the economic and 'levelling up' agendas of the Rishi Sunak government.He joined the FT in April 2020 from the Telegraph Media Group where he had held the position of Europe editor since 2015, focusing on the Brexit negotiations. He has more than two decades of experience covering global affairs from all sides of the world, based in New Delhi (2004-2008) and Beijing (2008-2012), as well as Washington DC, where he served as The Telegraph's US editor from 2012.He also writes the FT's weekly Britain After Brexit newsletter.Peter Foster -Twitter - https://twitter.com/pmdfosterBook - https://www.amazon.co.uk/What-Went-Wrong-Brexit-About-ebook/dp/B0BXPVW5G1/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 - 18th of September, 2023On this episode of the WTFinance podcast I had the pleasure of speaking with Tavi Costa - Partner and Portfolio manager of Crescat Capital.During our conversation we spoke about what Tavi is currently watching, the potential macroeconomic shift, what this means for current portfolio, assets which will perform during this period and more!0:00 - Introduction2:01 - What is Tavi watching in markets?6:44 - Macroeconomic shift that is occurring?11:20 - Are markets underestimating shift or could things go back to norm?18:42 - Why will value investors work this time?24:19 - What alternatives to the 60/40 portfolio?30:05 - How does Tavi invest in miners?37:50 - One message to takeaway from our conversation?Tavi is a Member and Macro Strategist at Crescat Capital and has been with the firm since 2013. He is responsible for developing Crescat’s macro models as part of our thematic investment process. His research has been featured in financial publications such as Bloomberg, The Wall Street Journal, Reuters, Yahoo Finance, Real Vision, and others. Tavi is a native of São Paulo, Brazil and is fluent in Portuguese, Spanish, and English. Before joining Crescat, he worked with the underwriting of financial products and in international business at Braservice, a large logistics company in Brazil. Tavi graduated cum laude from Lindenwood University in St. Louis with a B.A. degree in Business Administration with an emphasis in Finance and a minor in Spanish. Tavi played NCAA Division 1 tennis for Liberty University.Tavi Costa - Twitter - https://twitter.com/tavicosta?lang=enCrescat - https://www.crescat.net/Instagram - https://www.instagram.com/tavicostamacro/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 - 19th of September, 2023On this episode of the WTFinance podcast I had the pleasure of welcoming back Alasdair Macleod for a 3rd time - Head of Research for Goldmoney and SchiffGold.During our conversation we touched on the current debt cycle, why the central banks are losing control of the cost of credit, whether this could lead to a credit crisis, why a gold-backed currency would be trusted and more. I hope you enjoy!0:00 - Introduction1:36 - What is Alasdair seeing with the economic cycle?7:52 - Central banks to lose control of cost of credit?12:02 - China one of the worst effected by debt issues?20:22 - Capital flying to the US Dollar?27:49 - Governments continuing to buy their own debt?38:20 - Why would there be trust in gold-backed currencies?45:27 - Will gold circulate globally?47:12 - One message to takeaway from our conversation?Alasdair Macleod is Head of Research for GoldMoney. He is an educator and advocates for sound money through demystifying finance and economics. His background includes being a stockbroker, banker, and economist.Alasdair Macleod started his career as a stockbroker in 1970 on the London Stock Exchange. Within nine years, he had risen to become senior partner of his firm.Subsequently, he held positions at the director level in investment management and worked as a mutual fund manager. Mr. Macleod also worked at a bank in Guernsey as an executive director.For most of his 40 years in the finance industry, he has been demystifying macroeconomic events for his investing clients. The accumulation of this experience has convinced him that unsound monetary policies are the most destructive weapon governments use against the common man. Accordingly, his mission is to educate and inform the public in layman's terms what governments do with money and how to protect themselves from the consequences.Alasdair Macleod - Website - https://www.goldmoney.com/Blog - https://www.goldmoney.com/research/legal-definitions-of-money-and-creditRecent Article - https://www.goldmoney.com/research/time-to-trash-triffinTwitter - https://twitter.com/MacleodFinanceLinkedIn - https://www.linkedin.com/in/alasdair-macleod-9494b27/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