WTFinance

Interview Recorded - 24th of May, 2023On todays episode of the WTFinance podcast I had the pleasure of welcoming back Grant Williams, an experienced investor who is the author of the Newsletter Things That Make You GO Hmmmmm and Co-Founder of the Real Vision Group.During our conversation we spoke about the rising risk in the markets, whether we will see the FED put re-emerge, how to protect your portfolio from a market 'air pocket' and what would be needed to avoid a hard landing. I hope you enjoy!0:00 - Introduction1:00 - What is Grant seeing in the markets?4:20 - Uncommon events more likely to happen5:30 - The risk of concentration in markets?8:45 - Crowded trades move quickly10:15 - The FED put14:10 - What would happen if interest rates remain high?16:05 - A push away from monetary to fiscal policy18:45 - Results of a credit event?22:23 - How do you protect from a market ‘air pocket’?26:25 - How to know what to be worried about?27:15 - Could there be a soft landing and how would it be achieved?29:20 - Any key trends not given enough attention?38:30 - What does bottom up and top down mean?41:54 - One message to takeaway from our conversation?Grant Williams, much to his dismay, has logged over 35 years in finance. During that time, he’s lived and worked in seven major financial centres from London to Sydney, building the kind of network that many others can only dream about.He began his career in the Japanese equity market in the mid-1980s, before a three-year posting to Tokyo ensured he had a ringside seat as the twin bubbles in equities and real estate burst simultaneously and spectacularly at the end of 1989. After a short stint back in London, Grant relocated once again, this time to New York, where he spent 7 years. Subsequent postings have taken him to Hong Kong, Sydney, Singapore, and the Cayman Islands.Currently, he is a senior advisor to Matterhorn Asset Management AG https://goldswitzerland.com/ in Switzerland, and a portfolio and strategy advisor to Vulpes Investment Management https://www.vulpesinvest.com/ in Singapore.Back in 2014, Grant’s ambition to bring the most intelligent, engaging, and original people in finance to a wider audience led him to co-found Real Vision https://www.realvision.com/, an on-demand internet-based financial media platform.Grant’s twin Real Vision interview series, 'In Conversation With…' and 'On The Road' raised the bar for financial content – engaging and educating viewers in equal measure and helping them learn the secrets behind a group of extraordinary investors’ success.Long before Real Vision, however, Grant was guiding people around the fringes of finance with his regular newsletter, Things That Make You Go Hmmm… https://www.grant-williams.com/ttmygh_newsletters/, a publication which, from humble beginnings as a daily note to a few friends and colleagues, has grown into one of the most widely-read financial publications in the world.Grant Williams - Website - https://www.grant-williams.com/](https://www.grant-williams.com/Twitter - https://twitter.com/ttmyghWTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfnTikTok - https://vm.tiktok.com/ZMeUjj9xV/iTunes - 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 May, 2023On todays episode of the WTFinance podcast I had the pleasure of welcoming back for a third time Dave Collum, Professor of Organic Chemistry and leading thinker on markets and the larger world around us. During our conversation we spoke about why markets seem to be performing despite negative news, how this is influenced by a small minority of companies, whether we could see further banking collapses', which country will win and more!0:00 - Introduction1:40 - What is Dave seeing in the current markets?14:20 - Small number of companies propping up the markets15:15 - Is there a reason why the top 5 companies are so highly valued?23:35 - Will the debt ceiling be a red-herring?26:00 - Are there other banks with issues?30:35 - All countries have issues, who wins?34:50 - constant swinging to political extremes?40:10 - Potential for AI exponential growth?David Collum received a BS in biology from Cornell in 1977 and an MA, MS, and PhD in chemistry from Columbia University in 1980. Dave currently is the Betty R. Miller Professor of Chemistry at Cornell University. While at Cornell Dave has served as Director of Undergraduate Studies, Director of Graduate Studies, associate chairman, and chairman while running a research program in organic chemistry for forty years, which include collaborations with a host of large-cap pharmaceutical companies exemplified by Merck and Pfizer. In recent years he has become interested in the interface where politics and markets meet. He compiles an annual Year in Review, does several dozen podcasts per year, and occasionally stirs up trouble on more mainstream media sources.Dave Collum - Twitter - https://twitter.com/davidbcollum?s=21&t=xvXQIRnoZm5mxXw68trHEQYear in Review - https://peakprosperity.com/2022-year-in-review-all-roads-lead-to-ukraine/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 - 16th of May, 2023On todays episode of the WTFinance podcast I had the pleasure of speaking with Michael Every, Global Strategist at Rabobank. During our conversation we spoke about the key macro drivers, why Geopolitics is a growing issue, what this means for the potential of a new Cold War and which assets will protect wealth during this period. I hope you enjoy!0:00 - Introduction0:35 - Key macro drivers for the start of the year2:05 - What is geopolitics?4:10 - Why is geopolitics going to be an issue?9:00 - How will mercantile trade wars impact world economy?12:05 - On-shoring/friend-shoring will not be easy16:10 - Services costs to decrease and goods increase?21:30 - Retirees rely on asset prices?24:30 - China conflict and future cold war?29:35 - Will the current US Dollar system change?36:15 - What assets perform in the coming years?40:30 - Government backed loans to vital industries?44:40 - One message to take away from our conversation?Michael Every is a Global Strategist at Rabobank. He analyses major financial developments and contributes to the bank’s various economic research publications for internal and external customers and to the media.Michael has over two decades of experience working as an Economist and Strategist. Before Rabobank, he was a Director at Silk Road Associates in Bangkok, Senior Economist and Fixed Income Strategist at the Royal Bank of Canada in both London and Sydney, and an Economist for Dun & Bradstreet in London.Michael holds a Masters degree in Economics (with distinction) from University College London and speaks a smattering of languages, including Thai.Michael Every - Website - https://www.rabobank.com/knowledge/our-experts/011085368/michael-everyLinkedIn - https://sg.linkedin.com/in/michael-every-38983214WTFinance -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 - 8th of May, 2023On todays episode of the WTFinance podcast I had the pleasure of speaking with Michael Oliver, Founder of Momentum Structural Analysis.0:00 - Introduction0:42 - Major macro trends Michael is currently watching?7:42 - Why is the current market not normal?15:00 - How will you know when the crash is occurring?24:25 - Real Estate or other real assets to perform?26:45 - What would it take for Michael to be bullish?30:25 - One message to takeaway from our conversation?J. Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton’s International Commodity Division, headquartered in New York City's Battery Park.  He studied under David Johnston, head of Hutton’s Commodity Division and Chairman of the COMEX.In the 1980s Mike began to develop his own momentum-based method of technical analysis.  He learned early on that orthodox price chart technical analysis left many unanswered questions and too often deceived those who trusted in price chart breakouts, support/resistance, and so forth.In 1987 Mike technically anticipated and caught the Crash.  It was then that he decided to develop his structural momentum tools into a full analytic methodology.In 1992 the Financial VP and head of Wachovia Bank's Trust  Department asked Mike to provide soft dollar research to Wachovia.  Within a year, Mike shifted from brokerage to full-time technical research.  He is also the author of The New Libertarianism: Anarcho-Capitalism.Michael Oliver - Website - https://www.olivermsa.com/Twitter - https://twitter.com/Oliver_MSAWTFinance -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/AnthonyFatseasThumbnail Image From -

Interview recorded - 1st of May, 2023On todays episode of the WTFinance podcast I had the pleasure of speaking with Mario Innecco - a financial markets, macroeconomics and monetary policy analyst. During our conversation we spoke about how things have changed over the last 7 months, whether we could see other banks under pressure, how a deflationary crash or hyperinflation are likely and what this means for precious metals moving forward. I hope you enjoy!0:00 - Introduction0:45 - Changes in markets since our last conversation?3:40 - Other banks coming under pressure?5:25 - Breaking the laws to fix the system7:10 - International reward, country risk9:25 - A move away from fractional banking?12:50 - Gold storage the new banks?15:00 - Hyperinflation or mass deflation?17:00 - Currency to be sacrificed to save economy?18:50 - De-dollarisation and a fractured world currency market?22:40 - What asset could replace the US Dollar?24:50 - Any other hard assets that could protect wealth during collapse?Mario has been running his YouTube channel maneco64 since November 2015.His background is in financial markets and economics. He worked for over twenty years in the City of London and specialised in the exchange-traded derivatives market.​Mario dealt for major financial institutions and corporate entities advising clients on the government bond market, interest rates, financial markets in general and the economy. ​He has also been an ardent student of the Austrian School of Economics.​Through his videos and also articles here on his blog he endeavours to inform the public about how the financial markets and our current fiat monetary system functions.Mario Innecco - YouTube -  @maneco64  Twitter - https://twitter.com/maneco1964LinkedIn - https://www.linkedin.com/in/mario-innecco-a329416b/?originalSubdomain=ukWebsite - https://www.maneco64.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 - 24th of April, 2023On todays episode of the WTFinance podcast I had the pleasure of hosting Edwin Dorsey - Author of the Bearcave, exposing bad companies. During our conversation we talked about what is corporate fraud/misconduct, whether we are in the golden age of corporate misconduct, Edwin's research structure to uncover corporate misconduct and his recent thoughts on AirBNB. I hope you enjoy!0:00 - Introduction0:30 - What is corporate misconduct/fraud?  2:30 - The golden age of corporate misconduct and fraud?4:15 - Is fraud cyclical?5:35 - More fraud researchers7:34 - What is Edwin’s structure of investigating corporate misconduct?11:25 - Official government complaints15:55 - Next stage of investigation?19:25 - Red flags20:05 - Why small/mid cap focus?22:00 - An investigation into AirBNB27:15 - Any other countries Edwin is looking into?28:35 - One message to take away?Edwin Dorsey - Substack - https://thebearcave.substack.com/Twitter - https://twitter.com/StockJabber?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5EauthorEmail - edwin@585research.comWTFinance - 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 May, 2023On todays episode of the WTFinance podcast I had the pleasure of welcoming Sir Paul Tucker. Paul spent more than 3 decades in Central Banking, culminating in being the Deputy Governor of the Bank of England. He is also the author of the recently released book “Global Discord: Values and Power in a Fractured World Order”.During our conversation we spoke about the threat of a global fracturing, why China is unlikely to change, what a China/US split would look like and how Central Banking could change in the future. I hope you enjoy! 0:00 - Introduction 1:05 - Influence for writing the book?2:35 - What was the previous global order and why does China want to change it?6:35 - Why was China conflict on Paul’s radar?8:55 - Were Western politicians naive about China?13:35 - Document 9 of the Chinese Communist Party18:40 - Russia Central Bank reserves frozen20:35 - Why is WTO and other international organisations brittle and how could China change these organisation?24:15 - What would a US/China split look like?29:05 - Best case scenario?31:40 - How have central banks changed in the last decade?39:45 - How should banks be saved?42:15 - How can central banks recover their trust?53:15 - Why Central Banks need to be tougher on shadow banks?57:50 - One message to takeaway from our conversation?Sir Paul Tucker is a Research Fellow of the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School.He is the author of Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State (2018). Described as “masterful” by Dani Rodrik and “profoundly important” by Larry Summers. His new book, GLOBAL DISCORD: VALUES AND POWER IN A FRACTURED WORLD ORDER, due out in FALL 2022, is about the geopolitics and legitimacy of the international economic and legal system. Both books are at the interface of political economy and political philosophy.Tucker spent more than three decades in central banking, occupying senior positions in the international policymaking world, and was knighted by Britain in 2014.From 2016 to 2021, he was the chair of the Systemic Risk Council, the independent body of former top central bankers, government officials and financial experts dedicated to a stable financial system.As Deputy Governor at the Bank of England from 2009 to October 2013, he was at the centre of efforts to contain the financial crisis and to reshape the international regulatory framework for financial stability. Former Governor of the Bank of England Mervyn King said, “Paul probably understands more about central banking than anyone else. He knows about every aspect of that arcane art and now he [is] free to tell the rest of the world what happens behind those high walls.”At the Bank of England, he was a member of the Monetary Policy Committee, Financial Policy Committee (vice chair), Prudential Regulatory Authority Board (vice chair), and Court of Directors. During his thirty-plus years there, he led staff teams on monetary policy strategy, market operations, and financial stability, as well as working as a bank supervisor. He had secondments to an investment bank and to Hong Kong, where he helped reform their securities markets and regulation following the 1987 stock market crash.Sir Paul Tucker: Website - http://paultucker.me/Book - https://www.amazon.co.uk/Global-Discord-Values-Power-Fractured/dp/0691229317/ref=nodl_?dplnkId=3426bdbe-6afd-42ab-8c93-2c0288832a5aWTFinance - 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 - 24th of April, 2023On todays episode of the WTFinance podcast I have the pleasure of speaking with Vincent Deluard, Director of Global Macro Strategy at StoneX Group. During our conversation we spoke about why inflation could be structurally higher for the long term, the impact on cheap capital, cheap goods and cheap labour and how this will effect asset prices moving forward. I hope you enjoy!0:00 - Introduction0:50 - What has been happening in markets?2:35 - What is the path of monetary policy?5:15 - Will we see inflation in the future?11:20 - What caused lower inflation over the past 40 years and why did it shift?17:20 - Cheap capital, cheap goods & cheap labour20:40 - Increase of product prices?23:05 - Can the US continue with current deficit?26:40 - Will Europe have a different inflation target?29:45 - What impact will the new trend have on assets?32:45 - Commodity Supercycle to re-emerge?35:55 - Tech to struggle, government back industries to rise?38:00 - One message to take awayVincent is the global macro strategist for StoneX, where he authors weekly research reports on global macro trends, flows, European capital markets and quantitative topics. Vincent advises large pension funds and other institutional investors on asset allocation and risk management.Prior to joining StoneX., Vincent served as the Europe Strategist for Ned Davis Research Group. In November 2013, Vincent was awarded the Euromoney Padraic Fallon Editorial Prize for his in-depth study of the investment opportunities offered by the European debt crisis. Prior to joining Ned Davis Research, Vincent was the Executive Vice President of TrimTabs Investment Research, where he headed the firm’s quantitative research. Vincent designed and traded large and profitable strategies based on supply and demand indicators for top-tier hedge funds. Vincent is frequently quoted in the Financial Times, Wall Street Journal, Bloomberg, and Barron’s. Vincent taught Ethical and Professional Standards and Private Wealth Management for the CFA Society of San Francisco.Vincent is an adjunct professor of finance for Saint Mary’s College Master’s in Finance and taught at Golden Gate University’s Executive MBA program. Vincent is a CFA charterholder. He completed a dual master’s degree at Sciences-Po Paris (Cum Laude) and Columbia University and speaks English, French, Italian, and Indonesian.Vincent Deluard - Newsletter - https://marketintel.intlfcstone.com/MIPublic/LandingTwitter - https://twitter.com/VincentDeluardLinkedIn - https://www.linkedin.com/in/vincent-deluard-cfa-90950b1WTFinance - 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 - Tuesday the 25th of AprilOn todays episode of the WTFinance podcast I have the pleasure of welcoming back Francis Hunt -  Trader, Technical Analyst,Teacher and originator of the Hunt Volatility Funnel Method.During our conversation we talked about the challenges the markets are currently facing, how the central banks will sacrifice the currency to save the economy, what this means for markets and how you can protect your wealth. I hope you enjoy!0:00 - Introduction0:15 - What is Francis seeing in the markets?7:50 - Currency to be sacrificed to save economy?11:00 - Milkshake theory possible?17:50 - A lot of market returns are due to Central Banks and Government investment19:30 - Bretton Woods 2.0?23:35 - How can you protect your wealth during this period?29:40 - Spread assets over multiple countries? 34:50 - One message to takeaway from our conversation?Francis Hunt, as the originator of the Hunt Volatility Funnel trading methodology, describes himself as a Trader, Technical Analyst and Teacher, is known from his YouTube channel as TheCryptoSniper. He is also the Founder of The Market Sniper.Stemming from his over 30 years of experience and deep immersion in trading and technical analysis of various markets, this unique approach to trading is the culmination of everything he found to have been valuable and profitable on a consistent, reliable basis, distilled into a single all-encompassing trading system that can easily be learned and internalized by others.Francis Hunt made his first investments in 1987 pre-crash and bought his first option in 1991 and has been trading equities and other assets since. He is a technical trader who believes all information related to an asset is reflected in its price and therefore reveal the true market sentiment of that asset.In addition to being a highly successful trader and technical analyst, Francis also enjoys teaching his trading methodology to others. He built a community of like-minded traders around him that supports him and each other with trade ideas and positive reinforcement in an otherwise lonely and harsh environment.Francis Hunt - YouTube -  @TheMarketSniper1  Website - https://themarketsniper.com/Twitter - https://twitter.com/themarketsniperWTFinance - 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 - 25th of April, 2023On todays episode of the WTFinance podcast I had the pleasure of speaking with Michael Howell, Founder & Managing Director of CrossBorder Capital.During our conversation we spoke about the fragile state of US banks, why banks are collapsing under higher interest rates, the connection to global liquidity and what this means for asset outperformance in the future. I hope you enjoy!0:40 - Introduction1:02 - Why have banks collapsed with higher interest rates?4:35 - Was the SVB collapse a refinancing issue?10:45 - Is recent FED policy kicking the issue down the road?13:45 - What does high debt do to liquidity?16:20 - What is the current global liquidity landscape?27:45 - Refinancing issue further in the future?29:45 - Airbubbles in liquidity market 2018 repeat?32:05 - Higher liquidity = higher inflation?34:40 - High risk assets to outperform?36:55 - One message to take away from our conversation?Michael Howell is CEO of CrossBorder Capital, a London-based FCA registered, independent research and investment company that he founded in 1996. Previously he was Head of Research for Baring Securities and Research Director of Salomon Brothers Inc, the US investment bank. The liquidity methodology he pioneered monitors cross-border flows and Central Bank behaviour across some 80 countries world-wide. Liquidity flows are a central part of CrossBorder Capital's asset allocation advice, which is currently provided to major global investors, including institutional asset managers, government agencies, Central Banks and endowment funds. Michael has been in financial markets since 1981 and is a regular conference speaker and media commentator. He graduated from Bristol and London Universities with a finance doctorate, specialising in Fixed Income.Michael Howell -Website - https://crossbordercapital.com/Twitter - https://twitter.com/crossbordercapLinkedIn - https://www.linkedin.com/in/michael-howell-357b1416/?originalSubdomain=ukWTFinance -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