WTFinance

Interview recorded - 6th of February, 2023On todays episode of the WTFinance podcast I had the pleasure of speaking with  @EconomicNinja .During our conversation we spoke about the overview of the auto and real estate industry, thoughts on the current markets, how we could experience the worse crash in 50 years and how you can prepare to become wealthy during that period. I hope you enjoy!0:00 - Introduction 0:54 - Overview of auto industry and real estate industry?3:25 - Being forced to sell4:50 - Expensive car market is collapsing7:35 - Thoughts on current markets?9:50 - Disinflation still high inflation12:05 - Interest rate increases continues to remove buyers 13:25 - Things are going to get much worse15:00 - International investment in real estate17:00 - Any reason why we wouldn’t go into a recession?21:05 - One message to takeaway from our conversationEconomic Ninja has been an entrepreneur since he started selling candy in the 6th grade. He thrived on challenges, economics and business. He "flipped" quite a few homes in the early 2000s and has owned multiple rental properties, so he has a lot of personal experience with real estate transactions, loans, remodelling homes. He has "a super human thirst for economic knowledge." He spends many hours every day listening to and reading articles on market trends, interest rate cycles, and all aspects of economics and the world of finance. Economic Ninja - YouTube -  @EconomicNinja  Twitter - https://twitter.com/economyninjaInstagram - https://www.instagram.com/economic_ninja/?hl=enTikTok - https://www.tiktok.com/@economicninjaWTFinance - 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 -

Interview recorded - 2nd of February 2023On todays episode of the WTFinance podcast I had the pleasure of speaking with Matthew Klein, the founder of The Overshoot and Co-author of the book “ Trade Wars are Class War - How Rising Inequality distorts the global economy and threatens international peace.” During our conversation we spoke about how de-globalisation, China’s consumption issue, what has influenced inequality and how this can be changed in the future. I hope you enjoy!0:00 - Introduction1:08 - Thoughts on current markets?2:29 - Opening not as inflationary as first thought?3:14 - Key drivers of current price action?4:54 - Unemployment key factor?7:14 - De-globalisation and near shoring going to occur? 11:20 - Chinas consumption issue?15:55 - A currency issue?20:55 - What has influenced inequality?24:45 - Why did globalisation not cause inequality?26:50 - Corporations ruining globalisation?28:50 - What needs to change to reduce inequality in the US?32:05 - Targeted CAPEX investment?33:50 - What other changes need to occur to reduce inequality?35:40 - What is one message to takeaway from our conversation?Matthew C. Klein is one of the “most astute commentators on the global economy” (Adam Tooze). He is read across the world by central bankers, chief economists, academics, policymakers, and investors. Klein has given background presentations to staffers of the U.K. Parliament, White House economic advisers, and officials at the European Commission. As a top analyst of both current events and longer-term trends, he can speak on everything from the state of the housing market or the latest decisions of the Federal Reserve to the impact of population aging or the economic legacy of Shinzo Abe.Klein has over a decade of experience studying the intersection of economics, public policy, and financial markets. He has written for the Economist (2012-13), Bloomberg (2013-14), the Financial Times (2014-18), and Barron’s (2018-21), where he was the Economics Commentator. He now runs The Overshoot, a premium subscription research service dedicated to tracking the global economy.His writings cover a range of subjects, including asset pricing, banking regulation, Brexit, Chinese currency management and credit policies, corporate tax avoidance, the coronavirus pandemic, demographics, the euro area’s ongoing evolution, global financial imbalances, housing cycles, inequality, inflation measurement, the Japanese economy, the supply and demand for labor, the minimum wage, monetary policy and negative interest rates, productivity and technological innovation, protectionism and trade conflict, and the U.S. political economy.At the beginning of his career, Klein worked in global macro investment research at Bridgewater Associates. Following this, he was a Research Associate in international economic and financial history at the Council on Foreign Relations (2010-12).Matthew Klein -Website - https://theovershoot.co/Twitter - https://twitter.com/M_C_KleinBook - https://amzn.to/3JIrRSHLinkedIn - https://www.linkedin.com/in/matthewcklein/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 from - https://labor411.org/411-blog/wealth-inequality-trying-to-close-the-gap/

Interview recorded - 2nd of February, 2023On todays episode of the WTFinance podcast I had the pleasure of speaking with Zed Francis,  CIO & Co-Founder of Convexitas. During our conversation we talked about what is currently happening the markets, how tight credit markets could be, whether this could increase volatility and other impacts in markets. I hope you enjoy!0:00 - Introduction0:30 - What is currently happening in the markets?4:15 - Managers can only hold on to cash for so long5:10 - Market bottom?6:35 - What is influencing these movements?8:35 - Earnings a catalyst?9:45 - Investing in index10:35 - Key indicators that Zed is currently analysing?14:44 - What does tight credit mean?16:50 - How tight are markets?23:40 - Do other investors move across the risk curve?26:05 - Less volatility over all?28:20 - What message to take away from our conversation?As Convexitas’ co-founder and CIO, Zed is responsible for strategy design, implementation, risk management and business development. In his 15-year career in investment management, Zed has taken on leadership roles that have informed the delivery of consistent and transparent multi- asset solutions as a discretionary fiduciary acting on behalf of institutional clients and high-net-worth individuals. He was most recently a portfolio manager and derivative overlay manager at SpiderRock Advisors.Previous engagements include portfolio management at institutional investment manager Legal & General Investment Management America and trading head at long/short distressed hedge fund Chicago Fundamental Investment Partners.Outside of work, The YWCA Chicago mission resonates with Zed and he assists in their continued success by participating in the Impact Investing Advisory Council. He holds a Bachelor of Science from Cornell University. A native of Chicago, Zed lives in his hometown with his wife and two daughters.Zed Francis - Website - https://www.convexitas.com/LinkedIn - https://www.linkedin.com/in/zed-francis-943a4522/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 - 31st of January, 2023On todays 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 whether there is a chance for a soft landing, how bad the recession will be, how the recession will impact markets, which assets will perform and what would have to change for David to go long. I hope you enjoy!0:00 - Introduction1:06 - Any inkling of a soft landing, or more pain to come?5:36 - Will the FED get continued inflation or disinflation?10:19 - FED watching unemployment14:20 - Would recession impact the markets?19:36 - Which asset will perform during a recession?22:35 - Key indicators David will watch to go long?26:58 - One message from 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 - 23rd of January, 2023On todays episode of the WTFinance podcast I had the pleasure of welcoming back Antonio Linares, a long term thinker/investor. During our conversation we spoke about his Electron Management Investment Framework, how this is used to analyse company, a deep dive analysis of both Meta and Amazon and which company Antonio prefers best. I hope you enjoy!0:00 - Introduction0:25 - Electron Management Investment Framework4:30 - Networks that efficiently utilise data5:45 - Identify undervalued companies7:45 - Analysing macro impact12:05 - Could Meta be a good buy?23:50 - Overview of Amazon26:50 - Where does the value of Amazon come from?31:30 - Is there a risk of competition from Chat GPT?33:05 - Meta vs Amazon?34:45 - AWS vs Amazon split increase value?35:50 - One message to takeaway from our conversation?Antonio started his investment journey in 2014, by investing half of his money in $AMD and the other half in $SCTY ($TSLA). To date, the portfolio has delivered an average return of 2000% since. In his newsletter, you will be able to gain a detailed insight into the thought process that led to these investments and that may also lead to other outstanding investments in the future.He constantly learns new things in the fields of technology, science, history, markets, psychology, business and a whole range of other subjects. He then put ideas from all these different areas together to produce actionable investment ideas.His passion for learning is what makes him a good investor. His second passion is sharing the new things I learn with others and that is just the motivation of this newsletter.Antonio Linares -Twitter - [https://twitter.com/alc2022](https://twitter.com/alc2022)Substack - [https://antoniolinares.substack.com/](https://antoniolinares.substack.com/)Spotify Debate - [https://www.youtube.com/watch?v=PFqJaZolkLg](https://www.youtube.com/watch?v=PFqJaZolkLg)WTFinance -Instagram - [https://www.instagram.com/wtfinancee/](https://www.instagram.com/wtfinancee/)Spotify - [https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfn](https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfn)iTunes - [https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4](https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4)Twitter - [https://twitter.com/AnthonyFatseas](https://twitter.com/AnthonyFatseas)

Interview recorded - 12th of January, 2023On this weeks episode of the WTFinance podcast I had the pleasure of speaking with Clive Thompson, a retired Wealth Manager from Switzerland. During our conversation we spoke about how Central Banks are becoming insolvent, three potential courses of actions Central Banks have, how this could lead to CBDC's and a monetary reset and what assets would protect wealth during this period. I hope you enjoy!0:00 - Introduction0:30 - How are central banks making large losses?9:25 - Could Central Banks print more money?10:00 - Normal accounting rules do not apply to central banks10:40 - Are central banks in a death spiral?12:20 - Can the current system be saved?14:15 - 3 potential courses of action?15:15 - Catalyst for a change in the system?16:37 - CBDC’s and a monetary reset20:38 - Will this be different to current system?22:46 - How does this solve the debt issue?30:40 - Could banks be replaced by central banks?32:00 - How does a currency reset effect asset owners?34:20 - Any assets which would protect wealth?41:30 - When could this happen?52:35 - One message to take away from our conversation?Clive has 47 years of experience in finance & wealth management. This encompasses structuring and advice relating to quoted investments, Private Equity investments, family businesses, tax, residency, real estate, inheritance, Wills, legal, lending, Trusts, Companies and Foundations and all kinds of personal and private advice. He has been actively involved for decades in the arena of Trust structures. This often involved negotiating and discussing the contracts relating to the sale of family companies.Clive's latest position before retirement was as Managing Director in the Anglophone Private Clients Department of Union Bancaire Privée, UBP SA, based in Geneva. He was responsible for wealth management services provided to a small number of wealthy English and French speaking families.Clive continues to remain very active in the world of wealth, with a strong focus on Private Equity, and direct Equity Investing via the global stock markets. His passion is the financial analysis of Balance Sheets, P&Ls, Cash Flow and business projections. Clive loves examining business opportunities, like Private Equity, and digging into the fundamentals of quoted companies to achieve a market beating performance.Clive Thompson - LinkedIn - https://www.linkedin.com/in/clive-thompson-661997251/Video - https://www.youtube.com/watch?v=L9aye4wQ8OkWTFinance - 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 January, 2023On todays episode of the WTFinance podcast I had the pleasure of speaking with Andreas Steno Larsen, Founder & CEO of Steno Research and macro aficionado.During our conversation we spoke about the key trends for 2023, why we could experience the fastest decrease of inflation in history, whether we could experience whether the recession may not be as bad as we think and if we may experience 10 further years of inflation.Steno Research is The European Power House on macro, energy and financial markets. You can get 20% off your subscription with the discount code "substack20" - visit www.stenoresearch.com/subscribe to learn more.0:00 - Introduction0:26 - Key Trends for 20233:24 - Why could we experience the fastest decrease of inflation in history?5:43 - Quickest rate decrease this year?7:35 - How will recession effect inflation in Europe?10:30 - How did Europe make it through Winter?16:30 - Will the EU central bank be under pressure to cut rates as well?18:45 - Could China reopening be another potential risk for inflation?20:52 - US & Chinese liquidity injections bullish for equity markets?24:40 - Does the treasury rebuild liquidity after debt ceiling agreed?25:20 - Liquidity withdrawn from markets26:15 - Unemployment to increase for further cuts?28:20 - International investors withdrawing from US?30:05 - Could we experience 10 years of inflation volatility?32:25 - What would need to happen for inflation volatility to occur?34:20 - One message to take away from our conversation?Andreas is the core macro consultant in Steno Research. Building on years of experience as Global Head of Research at Nordea Bank, he is one of the most quoted and sought-after macro analysts out there. Andreas’ expertise is the energy, real estate and equity spaces, but doesn’t shy away from hot takes on other topics if the underlying analysis is strong enough. Andreas anchors the weekly editorial ‘Steno Signals’. Andres is among other things a Senior Editor at Real Vision, the host of “The Macro Trading Floor” podcast at Blockworks and the editor of the newsletter “Steno’s Essential Signals”. Being born and raised in FX, Andreas now monitors all asset classes and builds state of the art allocation models based on his quantitative macro framework. On top of the financial analysis, Andreas is a well-known business angel, having pre-seed funded successful projects such as MarketReader and ScaleUp Finance along the way. Andreas Steno Larsen - Website - https://stenoresearch.com/Twitter - https://twitter.com/AndreasStenoLinkedIn - https://www.linkedin.com/in/andreasstenolarsen/Newsletter - https://andreassteno.substack.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/AnthonyFatseasThumbnail image from - https://www.centralbanking.com/central-banks/economics/macroeconomics/7951116/us-inflation-its-mainly-global

Interview Recorded - 10th of January, 2023On todays episode of the WTFinance podcast I had the pleasure of speaking with Julian Brigden, Co-Founder and President of Macro Intelligence 2 Partners.During our conversation we spoke about the hyper-financialisation in the US, how inflation could continue longer than expected, why the US could underperform for the next decade and the absolute decline of the US. I hope you enjoy!0:00 - Introduction0:20 - How has hyper-financialisation in the US occurred and what impact does this have on markets?5:00 - The FED don’t have any choice6:45 - Key factor is inflation?10:24 - Is the public behind Powell?12:50 - Any other trends that Julian is watching?15:08 - Still net increase in liquidity in the markets?16:25 - Period of Monetary Debasement 17:20 - Quantitative Tightening19:50 - Will US Equities be the worst hit during tightening?22:30 - Follow where the money goes24:40 - Absolute decline of the US?25:30 - Real assets that are less economically sensitive26:26 - Long bonds?29:45 - One message to take away from our conversation?30:50 - How to know when to change your strategy?Julian Brigden is the Head of Research at Macro Intelligence 2 Partners, a firm he co-founded in 2011. He leads a six-person team of research and market professionals to publish independent macroeconomic research that is both ahead of market consensus and timely. Julian has over 30 years of experience in financial markets including positions in market and policy focused consulting to institutional investors as well as FICC sales. Julian is a trusted advisor to many top money managers who use MI2 Partners’ research to guide their investment process. He has extensive experience with macro data analysis, broad fixed income, equity market (not individual stocks) and currencies. He is particularly skilled at exploring correlations in the economy and financial markets vital to a vast array of investment decision-makers. As a global macro strategist, Julian’s primary focus is understanding and explaining macroeconomic and policy-related developments to tell clients what is important in markets and what to fade. Julian spent five years at Medley Global Advisors from 1999 to 2004, a leading macro policy intelligence firm, as the Managing Director of the G7 Client Team, providing timely trading recommendations. From 2004 to 2011, he served as North American Head of Hedge Fund Sales at Crédit Agricole. He has worked in London, Zurich, New York and Vail at UBS, Lehman Brothers, HSBC, Drexel, Credit Suisse, and Salomon Brother in foreign exchange and precious metals.MI2 Institutional Research offers a student discount for their subscription.  The Student rate is $5,001/year for one user and includes access to:8-10 Monthly Research Reports:·  Core Research Reports·  Trader / Chart Point Reports·  Framework Pieces·  Weekly Research Recap Research Team ·  Ask Me Anything recordings and media/podcast interviews of Julian & Research Team Access to our Japan Update Publication· Published 10-15 times a month Access to  Pro Macro (Macro Insiders)· Published 4-5 times a monthAny questions may be directed to: support@mi2partners.com Julian -Website - https://mi2partners.com/Twitter - https://twitter.com/JulianMI2LinkedIn - https://www.linkedin.com/in/julian-brigden-150b2114WTFinance -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://publicnewstime.com/market-news/entrepreneurs/u-s-may-avoid-a-recession-in-2023/

Interview recorded - 08/01/2022On todays episode of the WTFinance podcast I had the pleasure of speaking with Clem Chambers, CEO of Online Blockchain plc and founder and former CEO of ADVFN.During our conversation we spoke about Clem's thoughts on the markets, how hedge funds are propping up the markets, when we will see the market crash and how to identify the bottom. I hope you enjoy!0:00 - Introduction1:15 - Clem's thoughts on the current markets?8:40 - We are in a bear market13:00 - Reverse Repo19:40 - Are hedge funds propping up the markets?25:20 - Is Apple really worth $3 trillion?31:00 - Inflation32:00 - When will we see the crash?38:15 - Counterparty risk from Banks to Crypto Exchanges44:00 - Wash trading48:20 - When will we experience the bottom?50:30 - How to identify a market bottom?56:55 - What does the top of a bubble look like?1:00:50 - One message to takeaway from our conversation?Clem Chambers is an author, journalist, Current CEO of Online Blockchain plc and founder/former CEO of ADVFN, Europe’s leading stocks and markets website. He is General Partner of Ylem Capital clem@ylem.capital. A sought after media commentator, Clem is a regular guest on major television networks including CNBC (US, Europe, Asia, Arabia), Al-Jazeera, BBC, BNN and Fox News.The author of non-fiction titles including ‘Letters to my Broker’, ‘The Death of Wealth’ and the investment guides ‘101 Ways to Pick Stock Market Winners’ and ‘A Beginner’s Guide to Value Investing’, Clem writes for Seeking Alpha, Forbes and Engineering and Technology magazine and has written Nikkei BP, the Gulf News and The Scotsman as well as specialist trading and business publications Risk AFRICA, Traders and Your Trading Edge. He has written investment columns for Wired Magazine, which described him as a ‘Market Maven’.Clem’s first thriller novel ‘The Armageddon Trade’ was published in 2009, followed by ‘The Twain Maxim’ in 2010, ‘Kusanagi’ in 2011 and ‘The First Horseman’ in 2012. The fifth instalment in the Jim Evans Saga, 'The Shrine', was published in January 2016 as an Amazon Kindle single.In November 2018, Clem won Journalist of the Year in the Business Market Commentary category in the State Street UK Institutional Press Awards. The awards recognise outstanding performance in institutional financial services reporting in the UK.He was shortlisted in 2016 and 2017 as Columnist of the Year (Business Media) in the PPA Awards for his column in E&T Magazine, The Institution Of Engineering & Technology, and in June 2017 won silver in the Tabbie Awards for his Money and Markets column in the same publication.Clem Chambers - Website - https://www.clemchambers.com/index.htmlTwitter - https://twitter.com/clemchambers?lang=enSeeking Alpha - https://seekingalpha.com/author/clem-chambersForbes - https://www.forbes.com/sites/investor/?sh=cb26e1a3dde1LinkedIn - https://www.linkedin.com/in/clem-chambers-756145196/?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/AnthonyFatseasThumbnail image from - https://moneyandmarkets.com/next-for-tech-stocks-dot-com-crash/

Interview recorded - 5th of January, 2023On todays episode of the WTFinance Podcast I had the pleasure of speaking with Dave Collum, Professor of Organc Chemistry  and leading thinker on markets and the larger world around us. During our conversation we spoke about Dave's thoughts on the markets in 2023, why he thinks it will be the mother of all bear markets that could last 20 years, the future of inflation, investing in cash flow positive companies and whether the Ukraine conflict is more sinister than it seems. I hope you enjoy!0:00 - Introduction1:46 - How was Dave’s year?3:00 - “There are times to go long, short or fishing”. Is David going fishing?4:30 - Mother of all bear markets?9:20 - Could the US market go the same as Japan in the 90’s?10:20 - Will we see inflation or deflation?14:30 - Investing in cash flow positive companies?24:20 - Any other stories Dave is watching?26:30 - US political laundering through FTX?32:00 - Politicians getting away with everything33:40 - Not everything in Ukraine is as it seems?45:30 - One message to take away and advice for the year?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