WTFinance

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

Interview recorded - 19th of April, 2023On todays episode of the WTFinance podcast I had the pleasure to welcome back Alex Gurevich, During our conversation we spoke about the inflation tied is going back out due to recessionary trends, how this could lead to a deflationary annihilation, how this could benefit bonds and other global trends Alex is currently watching. I hope you enjoy!0:00 - Introduction0:40 - Current macroeconomic trends Alex is paying attention to?2:15 - What caused the inflation and why is it decreasing?4:35 - Why will commercial real estate be annihilated?6:10 - Could things get worse in the economy later this year?8:25 - Will the FED have higher policy for longer?12:05 - How will markets react to FED policy?14:45 - Data points to watch for recession warning?18:05 - What would a massive deflation mean for markets & earnings?19:45 - Any assets that Alex is watching for recession?22:25 - What bonds is Alex watching?24:30 - Any other key drivers Alex is watching?26:25 - What is happening in Japan?30:00 - One message to take away from conversation?31:00 - New normal or back to pre-covid?Alex Gurevich is the Founder and CIO of HonTe Advisors, LLC. More recently, Alex has transformed his very successful family office into a global macro strategy suitable for institutional investors. He is the author of the Wall Street Journal bestselling book The Trades of March 2020 and The Next Perfect Trade which articulate his rigorous trade selection and investment process. Alex was born and raised in St. Petersburg, Russia, and earned his PhD in mathematics from the University of Chicago.Alex Gurevich - Twitter -  https://twitter.com/agurevich23LinkedIn - https://www.linkedin.com/in/alex-gurevich-23a358105Website - https://honteinv.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

Interview recorded - 18th of April, 2023On todays episode of the WTFinance podcast I had the pleasure of welcoming back Anthony Vicino -  a best selling author, host of the Multifamily Investing Made Simple Podcast and manager of $70M real estate portfolio. During our conversation we spoke about the property market, why single family properties could continue to increase, the impending risk of multifamily properties, current real estate trends and starting your own business. I hope you enjoy!0:00 - Introduction 0:42 - Is the housing markets as bad as it seems?7:22 - variable rates in other countries9:45 - Single family properties up, multifamily down?11:17 - Property markets won’t crash?13:17 - Had Covid de-urbanisation reversed?15:57 - Key drivers for investing in real estate and red flags to avoid?20:27 - Not about the worst building on the block22:57 - 80k debt to millionaire in 3 years27:57 - High margins, low upfront costs, scalable30:17 - What is one message listeners should take away?Ten year ago Anthony was $80k in debt, living in the back of a van, and struggling daily to get out of my own way. He felt trapped by my ADHD mind and life's infinite distractions.Unfocused, undisciplined, and unreliable... He lacked the tools needed to survive, much less thrive. But Anthony knew he was made for more. A search that led me to a system for reclaiming control of the most valuable asset any of us have...His focus.With this system I built my first business to 7-figures in under a year. Then I wrote a book. Then I built another business to 7-figures. And another.I might have ADHD, but there's nothing unique about my story. We all struggle with distractions, procrastination, and self-sabotage. I simply found a system for goal setting, prioritization, and execution which allowed me to unleash my hyper focused mind on demand.Now I'm on a mission to help other entrepreneurs, creatives, and high performers build better businesses, invest in real estate, and maximize their Return on Life.Anthony Vicino - YouTube -  @AnthonyVicino  Website - https://anthonyvicino.com/Twitter - https://twitter.com/AnthonyVicinoInstagram - https://www.instagram.com/theanthonyvicino/?hl=enWTFinance -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 April, 2023On todays episode of the WTFinance podcast I had the pleasure of welcoming back Doomberg.During our conversation we spoke about OPEX flexing their muscles, how the US is driving enemies together, how Europe made it through the winter and the manipulation of Bitcoin prices. I hope you enjoy!0:00 - Introductions 0:10 - Is OPEC flexing their muscles or showing their weakness?3:00 - Will OPEC members comply with cuts?5:15 - US driving enemies together7:40 - NAFTA an economic superpower8:55 - Increase of energy production in the US?11:30 - Strategic foreign policy or constant missteps?13:40 - How did Europe get through Winter and what does that mean for the next one?17:30 - What we see in energy prices?20:30 - Shift towards energy security?23:50 - Essential commodities dropping in price?26:10 - The influence CZ has on Crypto prices32:40 - Signature Bank failed because Crypto exposure?34:00 - Other banks under pressure?35:23 - One message to takeaway from our conversation?The group started writing Doomberg in May of 2021 to highlight the fundamentals missing from many economic and policy decisions, and it quickly grew to be one of the most widely read finance newsletters on Substack.This publication is their passion, and the content is borne out of the team’s deep experience in heavy industry, private equity, and the hard sciences. Family offices and c-suite executives hired them to deliver innovative thinking and clarity to complex problems – they operate as though their subscribers share those same expectations.Read their full bio here - https://doomberg.substack.com/aboutDoomberg - Substack - https://doomberg.substack.com/Twitter - https://twitter.com/DoombergTWTFinance 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 April, 2023On todays episode of the WTFinance podcast I have the pleasure of welcoming back Marc Faber, Editor and Publisher of the “Gloom, Boom & Doom Report”.During our conversation we talked about the risk of a decade long bear market and whether they peaked in 2021, whether the US time as a world power had ended, who would be the next world hegemony and potential outperformance of emerging markets. I hope you enjoy!0:00 - Introduction0:22 - Marc’s current thoughts about the markets?5:05 - Why will we see a downturn?7:00 - Inflation adjusted equity market peak?9:30 - Why have equity markets peaked?12:50 - End of the US as a world power?17:07 - Move away from the US Dollar?21:00 - Further banking collapses?24:10 - Change in city dynamic?26:25 - Who will become the next world hegemony?30:15 - Which emerging markets look interesting?32:55 - Latin American countries cheap?36:30 - One message to takeaway from our conversation?Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude.Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, publishing a widely read monthly investment newsletter “THE GLOOM BOOM & DOOM” report which highlights unusual investment opportunities.He is also the author of several books including “TOMORROW’S GOLD – Asia’s Age of Discovery” which was first published in 2002 and highlights future investment opportunities around the world. “TOMORROW’S GOLD” was for several weeks on Amazon’s best seller list and has been translated into Japanese, Korean, Thai and German.Dr. Faber is also a regular contributor to several leading financial publications around the world.A book on Dr Faber, “RIDING THE MILLENNIAL STORM”, by Nury Vittachi, was published in 1998.A regular speaker at various investment seminars, Dr Faber is well known for his “contrarian” investment approach.Marc Faber -Website - https://www.gloomboomdoom.com/Twitter - https://twitter.com/gloomboomdoom?lang=enLinkedIn - https://www.linkedin.com/in/marc-faber-gloomboomdoom/?originalSubdomain=hkWTFinance -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 - 5th of April, 2023On todays episode of the WTFinance podcast I had the pleasure of speaking with Alasdair Macleod - Head of Research at Goldmoney, Educator for sound money and demystifying finance and economics.During our conversation we spoke about why interest rates are so important in the current scheme of things, how current events impact the banking industry, the end game of current debt system and what this means for precious metal prices. I hope you enjoy!0:00 - Introduction0:16 - Alasdair’s current thoughts on the market8:10 - Deposits being withdrawn from banks10:38 - How does this effect the banking industry?16:15 - Whose fault is the banking collapse?21:19 - End game of current debt system?27:10 - Any historical examples of devaluation of a currency?32:50 - Will all fiat currencies devalue?37:55 - Why have precious metals prices increased?44:20 - 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/AnthonyFatseasThumbnail picture from - https://news.bitcoin.com/investor-richard-mills-says-economy-is-rushing-into-a-us-dollar-crisis-of-epic-proportions/

Interview recorded - 3rd of April, 2023On todays episode of the WTFinance podcast I had the pleasure of speaking with Matthew Piepenburg, During our conversation we spoke about whether the FED has control over the debt market, Risk of US Dollar losing its hegemony, what happens with a debt collapse and the winners and losers of such an event. I hope you enjoy!0:00 - Introduction0:45 - Can the current situation get worse?7:45 - Does the FED have control over the debt market?11:55 - Risk of International US Dollars flooding the country?16:55 - US becoming the common enemy12:25 - US threat has lost its bite22:45 - What collateral will replace US Treasuries?29:20 - What happens with a debt collapse33:45 - Which countries will be the winners?37:50 - Investing on Commodities?42:30 - Commodities detach from trends?44:50 - One message to takeaway from our conversation?With over 20 years of experience as the General Counsel and, later, CIO of a highly-capitalized single family office (J.H. Johnson); as the Managing Director of a multi-billion, multi‐family office (Massey Quick & Co); and as the Managing Director to a multi-manager hedge fund specializing in managed futures, long/short credit trades and global macro dynamics), Matt has overseen the allocation of over $5 billion in investable assets over a full range of portfolios and alternative investment vehicles.He has lead the quantitative and qualitative due diligence on hundreds of diverse hedge fund managers and strategies and has developed a unique expertise as to the best practices and diverse strategies of the world’s premier investment funds.Matt graduated from Brown University, with highest honors (Magna Cum Laude, Phi Beta Kappa). He holds a Master’s degree and Juris Doctor from Harvard University and the University of Michigan respectively. Fluent in French and German, (having also worked at Dresdner Bank, Frankfurt) he is the author of numerous international white papers on macro conditions, asset classes and global risk management strategies.Following his engagements with family offices, Matt became involved in structuring an launching hedge funds working closely with Morgan Stanley in selecting, allocating, and sizing the diverse, top-quartile portfolio managers which comprise a zero-beta multi-manager fund. With over two decades of experience investing in alternative investment vehicles, including selection of the managers within the aforementioned fund, Matt contributes a deep understanding of the strategies employed by carefully vetted managers and has an equally extensive grasp of constructing uncorrelated, multi-product/security portfolios around market themes with an omnipresent focus on market analysis and risk management.Matt’s collective expertise has forged a strong understanding of macro forces and their essential role in selecting the most efficient and timely strategies for long term asset preservation and growth in current conditions and those to come. His widely acclaimed and user-friendly blogs, straight-talk and conservative/defensive approach to investing are invaluable components of the Signals Matter community.Matthew Piepenburg - LinkedIn - https://www.linkedin.com/in/matthewpiepenburg/Books - https://amzn.to/3Ujf9M6Signals Matter - https://www.signalsmatter.com/matthew-piepenburg/Gold Switzerland - https://goldswitzerland.com/author/matthew-piepenburg/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