What happens when the monetary and fiscal engines run too hot? This is the question that Larry McDonald, New York Times bestselling author and founder of the Bear Traps Report, explores with Real Vision CEO, Raoul Pal. McDonald and Pal start by analyzing the valuations of high-flying tech stocks and discuss whether they will continue to soar or make an early landing. The pair then examine in detail the remarkable price action seen over the past few months in commodities such as precious metals, lumber, and natural gas. McDonald compiles this appreciation as evidence to explore his thesis that excessive stimulus could serve as a "cobra effect" to augur a hyperinflationary economic collapse. Filmed on August 18, 2020. For more of Larry McDonald's charts, click here: https://rvtv.io/3hwFEv3. Find more information about Larry McDonald's work at http://www.thebeartrapsreport.com.
Everyone knows Jeremy Grantham as the face of GMO, the behemoth money manager that has become legendary for its work on asset allocation, but Ben Inker, head of asset allocation at GMO since 1998, seems to be next in line for the throne. In this interview with Ed Harrison, Inker helps viewers make sense of the post-COVID investment landscape from the perspective of a major asset allocator. Together they discuss everything from the future of the 60/40 portfolio to bonds as an asset class in this new low rate world. They also dig in to US vs. non-US assets, the trouble with popular ex-post facto explanations for FAANG outperformance and narrative bubbles like Tesla, and why the financial sector can be so difficult to value. Filmed on September 21, 2020.
Hugh Hendry, founder and former CIO of Eclectica Asset Management, is joined by Bob Treue, founder of Barnegat Fund Management, to put on a clinic of idea generation. Due to its consistently high returns, Treue’s fund is ranked by Bloomberg as the world’s #1 fixed-income arbitrage fund. Treue shares with Hendry his process for consistent success and recounts some several of his grand-slam trades -- from arbitraging the spread between U.S. Treasurys and their inflation-protected counterparts to relative value plays on the yield curve for U.K gilts. Hugh Hendry can be found on HughHendry.com, on Instagram and Youtube as @hughhendryofficial, as well as on Twitter at @hendry_hugh.
Alex Saunders, CEO and founder of Nugget’s News, joins Real Vision CEO, Raoul Pal, to explain the reinvention of the monetary system through new crypto payments systems based on Bitcoin, Ethereum, and stable coins. He tells Raoul the story of his introduction into the crypto world. Saunders also breaks down the expansion of global e-commerce through the explosive growth of decentralized finance. Filmed on September 15, 2020.
Alex Saunders, CEO and founder of Nugget’s News, joins Real Vision CEO, Raoul Pal, to explain the reinvention of the monetary system through new crypto payments systems based on Bitcoin, Ethereum, and stable coins. He tells Raoul the story of his introduction into the crypto world. Saunders also breaks down the expansion of global e-commerce through the explosive growth of decentralized finance. Filmed on September 15, 2020.
Hugh Hendry, founder and former CIO of Eclectica Asset Management, is joined by Bob Treue, founder of Barnegat Fund Management, to put on a clinic of idea generation. Due to its consistently high returns, Treue’s fund is ranked by Bloomberg as the world’s #1 fixed-income arbitrage fund. Treue shares with Hendry his process for consistent success and recounts some several of his grand-slam trades -- from arbitraging the spread between U.S. Treasurys and their inflation-protected counterparts to relative value plays on the yield curve for U.K gilts. Hugh Hendry can be found on HughHendry.com, on Instagram and Youtube as @hughhendryofficial, as well as on Twitter at @hendry_hugh.
Real Vision managing editor, Ed Harrison, gets a soup-to-nuts overview of the commercial real estate industry from Deloitte’s Jim Berry, US Real Estate Leader. He shares an in-depth analysis of the rapid impact of Covid-19 on subsectors of commercial real estate: residential, industrial, office, retail, and hospitality. Filmed on September 17, 2020.
Keith McCullough, founder and CEO of Hedgeye Risk Management, joins Raoul Pal, CEO and co-founder of Real Vision, to explore what happens when a biological crisis turns into a financial crisis. They explain why they both think this liquidity crisis is far from over and why, as the deleveraging continues, the dollar will continue to reign supreme. They also examine whether shorting equities is worth the risk, how much juice is left in the bond trade, and if it's too early to go into gold. Filmed on March 20, 2020, over Skype.
When he first sat down with Grant Williams in 2017 in a series called "The Dark Side of ETFs," Steven Bregman, president and director of research at Horizon Kinetics, dissected the problematic consequences of passive investing and the potential bubble that has since only grown. In 2020, he has not changed his tune. Ultimately, Bregman and Michael Green debate the risks and fallacies of a market dynamic, which Bregman argues presents incredible opportunity for investors willing to risk crossing the ETF divide. Filmed on January 20, 2020 in New York.
Today, INK Research looks at a micro-cap stock that offers an innovative approach to identifying both on and offshore oil & gas exploration targets. This little company made a big debut in the INK Top 30 Energy Report, grabbing the number 4 spot this month.
