In Episode 357 of Hidden Forces, Demetri Kofinas speaks with the CEO of CrossBorder Capital, Michael Howell, about the run-up in gold and bitcoin prices and whether this signals the return of "money printing" driven by overwhelming government debt and deficit payments.
Michael Howell has had the most accurate economic and financial forecasts of any analyst Kofinas has spoken with in the last several years. Demetri asked him back on the podcast to help explain why risk assets continue to outperform despite higher interest rates and what new all-time highs in gold and Bitcoin signal about global liquidity and investor confidence in the integrity of fiat currencies as reliable stores of value amid skyrocketing government debt and deficits.
In the first hour, Michael breaks down the indicators he relies on to make his forecasts and why he expects economic growth and inflation to reaccelerate this year and into 2025. In the second hour, Howell forecasts which assets and asset classes he thinks will outperform, the direction of interest rates, the steepening of the yield curve, and how the expiration of the bank-term funding program (BTFP), the draw-down in the reverse repo facility (RRP), and a temporary decline in liquidity from tax payments could create buying opportunities for investors over the next several months.
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Producer & Host: Demetri Kofinas
Editor & Engineer: Stylianos Nicolaou
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Episode Recorded on 03/13/2024
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American Defense in an Age of Great Power Conflict | Elbridge Colby
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Rise of Shadow Banking & Risks of a Financial Crisis | Lev Menand
Energy Geopolitics & the Remaking of the Modern World | Helen Thompson
Value Investing & How to Have “Soul in the Game" | Vitaliy Katsenelson
The Power of Crisis & How to Fight a Geopolitical Recession | Ian Bremmer
How to Trade Market Sentiment & Why Inflation Is Coming Down | Jared Dillian
The Path Towards Self-Actualization & How to Overcome Your Fears | Demetri Kofinas
The Revenge of Risk Rates & the Return of Dividend Investing | Daniel Peris
How to Trade the Great Rotation From Big Tech to Commodities | Tony Greer
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The Collapse of LUNA & UST and the Vulnerability in Crypto | Nathaniel Whittemore
The New Era of Great Power Competition | John Mearsheimer & Stephen Walt
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