In Episode 251 of Hidden Forces, Demetri Kofinas speaks with Tony Greer, the founder of TG Macro, an independent research firm that provides fundamental, technical, and behavioral analysis of global markets to institutional and non-institutional clients alike.
This conversation follows-up on a series of episodes we’ve published recently focused on the macro, political, and geopolitical economy, with an especially strong focus on commodities, currencies, and government policy. The goal with all of these episdoes has been to help listeners develop a framework for thinking about some of the big-picture trends driving markets and the economy, with the ultimate goal of helping them gain the type of conviction needed in order to invest successfully in them.
Those who heard Demetri’s recent episode with Grant Williams know that he was able to use this framework to profitably exit long-held positions in risk-assets ahead of the recent market downturn and even rotated some of those profits into commodities, though as he has said countless times he did not allocate nearly enough because he lacked conviction. He didn’t know enough to feel confident in the Supercycle thesis that we laid out in our recent episode with Jeff Currie. He didn’t fuly appreciate the supply-side picture that the team at Doomberg has been writing about so presciently for the past year and that we spoke with them about during Doomberg’s recent appearance on Hidden Forces.
So what does one do now? What does one do if he or she is persuaded by the thesis that long-term, structural forces restricting the supply of key commodities will support persistently high prices even in the face of relatively weak demand, but doesn’t have conviction around what those prices could reasonably be, especially in the short-term ahead of a Fed tightening cycle?
This is why we’ve brought Tony Greer on the podcast. Tony’s specialty is trading commodities. He’s been doing it for 30 years and we’re going to rely on his experience to work through exactly the type of dilemma that has been laid out here and which many of you may also be struggling with.
You can access the full episode, transcript, and intelligence report to this week’s conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application.
If you enjoyed listening to today’s episode of Hidden Forces you can help support the show by doing the following:
Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed
Write us a review on Apple Podcasts & Spotify
Subscribe to our mailing list at https://hiddenforces.io/newsletter/
Producer & Host: Demetri Kofinas
Editor & Engineer: Stylianos Nicolaou
Subscribe & Support the Podcast at https://hiddenforces.io
Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod
Follow Demetri on Twitter at @Kofinas
Episode Recorded on 05/17/2022
The End of the Beginning for Crypto | Michael Anderson & Vance Spencer of Framework Ventures
How to Position & Prepare Yourself for the End Game | Grant Williams
Global Food Shortages & the Need for Energy Security | Doomberg
How to Survive in the New Economic & Financial Order | Russell Napier
The Information War & Things Worth Fighting For | Demetri Kofinas
Preparing the U.S. & Europe for Russian Cyber Attacks | Chris Painter
Risks of Nuclear War & the Escalation Ladder | Jon Wolfsthal
The Battle for Ukraine & Prospects for World War III | Peter Zeihan
Hidden Forces Event in New York City | Thursday, March 31st
Quantifying Structural Risk in 'Zombified' Markets | Hari Krishnan & Ash Bennington
A History of Venture Capital & How to Make the Future | Sebastian Mallaby
Economic Warfare & the Weaponization of the Dollar | Julia Friedlander
Russia-Ukraine War & Risks of NATO-Russia Escalation | Dmitri Alperovitch
Nillion NMC: A Secure Processing Layer for Web3 | Miguel de Vega
Update on Ukraine & US-Russia Escalation
The PayPal Mafia & the Founders Who Shaped Silicon Valley | Jimmy Soni
Monetary Tightening & the End of the Risk-on Trade | Mohamed El-Erian
The Metaverse, Virtual Worlds, and the Problems of Philosophy | David Chalmers
Robinhood, Reddit, & the Revolt of the Retail Investor | Spencer Jakab
Why Did the Future Arrive First in Russia? | Peter Pomerantsev
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
NABOR® TALKS
U.S Property Podcast
Aligned Money Show
The Ramsey Show
Planet Money