New York Times’ bestselling author Larry McDonald, founder of The Bear Traps Report, returns to The Julia La Roche Show to discuss his newest book, “How To Listen When Markets Speak: Risks, Myths, and Investment Opportunities in a Radically Reshaped Economy.”
According to McDonald, we’re in the financial equivalent of the “Fourth Turning,” where the macro regime has shifted from a disinflationary, austerity-driven world to a new era of sustained inflation and increased demand for hard assets. As such, trillions of dollars of assets are currently misallocated.
McDonald highlights the potential for a colossal energy and commodity crisis in the coming years, driven by factors such as the aging power grid, global conflicts, and rising carbon consumption in developing countries. He suggests reallocating portfolios to include a higher component of commodities.
Links:
How To Listen When Markets Speak: https://www.amazon.com/Listen-When-Markets-Speak-Opportunities-ebook/dp/B0C4DFVFNR
Twitter/X: https://twitter.com/Convertbond
Bear Traps Report: https://www.thebeartrapsreport.com/
00:00 Introduction and welcome Larry McDonald
01:21 The macro outlook and the shift to a new era
06:00 A different macro regime, great migration into a totally different portfolio construction
09:05 Inflation
11:53 Trillions are misallocated
16:00 Recency bias
20:23 Early innings in commodities
22:00 Headed for a colossal commodities crisis
26:57 Bitcoin, gold, and silver
31:50 Closing remarks
#092 Milton Berg On Why There’s Strong Evidence The Market Won’t Do Well
#091 Peter Atwater On The Troubling Disconnect Between Main Street & Wall Street
#090 Jens Nordvig On How AI Is Changing Investing Forever
#089 Jim Bianco On Why Inflation Will Be Problematic And There Won't Be A Fed Pivot
#088 Dr. Ed Altman: We’ve Reached An Inflection Point In The Credit Cycle
#087 Jason Trennert: If You're Playing The Odds Expect A Recession In The Next 6-12 Months
#086 The Acid Capitalist Hugh Hendry On The Economy: 'I'm Fearful'
#085 Kyle Bass On China: 'We Sit At A Hinge In History Right Now'
#084 Michael Green On Passive Investing Creating Distortions In The Market Right Now
#083 Nassim Taleb And Scott Patterson On Black Swans And Chaos Kings
#082 David Hunter On Melt Up In Stocks, Global Bust, And Gold $20,000 Forecast
#081 Professor Steve Hanke Sees Decline In Inflation, Recession On The Way
#080 Nick Glinsman: Investors Beware China
#079 Brent Johnson, Creator Of ‘The Dollar Milkshake Theory,’ Explains Why We’re Heading Toward A Sovereign Debt And Currency Crisis
#078 Guy Spier On How Lunch With Warren Buffett Changed His Life
#077 Harold Bradley On The Danger ETFs Pose To The Stock Market
#076 Herb Greenberg On The 'Golden Era' Of Business Journalism
#075 Mike Maloney Sees An Economic Storm ‘Far Larger Than 2008’ Coming
#074 Bob Elliott: The Regional Banking Crisis Is A Policy Problem
#073 Chris Whalen On First Republic Collapse And Why More Banks Will Fail
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