Macro investor Nicholas Glinsman (@nglinsman), co-founder of Malmgren Glinsman Partners, joins Julia La Roche on episode 80 for a wide-ranging discussion on China. In this episode, Glinsman highlights the risks investors and corporate decision-makers face with their investments in China, including the inability to get money out of the country.
Link to Malmgren-Glinsman Partners Daily Ahead of the Heard and Malmgren Institutional Research: https://d5d0c2-2.myshopify.com/
Read Harald Malmgren (@Halsrethink) and Nick Glinsman’s “China Will Be The Next Japan” paper here: http://www.international-economy.com/TIE_W23_Malmgren.pdf
0:00 Show open
1:08 Welcome Nick Glinsman
1:40 From Salomon Brothers to hedge funds
2:28 Harald Malmgren
5:08 Long Dollar against Chinese Yuan trade
6:25 Assessment of macro environment
7:24 The Fed
9:00 Regional banks, commercial real estate
15:00 Liquidity
18:00 Liquidity impact
23:30 China
25:50 Xi is decoupling China’s economic model
29:30 Investors need to be careful about putting money in China
34:14 Anecdote of a friend who couldn’t get capital out of the country
37:30 Getting money out of Hong Kong is difficult
43:22 A lot of corporate earnings are going to be kept in China
46:40 China Is The Next Japan
51:00 Chinese growth to disappoint headed for “Lost Decade”
55:30 EV cars
58:00 Parting thoughts
#097 Peter Borish: My Concern Is More Than A Recession
#096 Michael Howell: It's Bonds, Not Banks, That Look Dangerous
#095 Carol Roth: You Will Own Nothing
#094 Todd Gordon: Why We're Not Headed Toward Recession
#093 Neil Howe: The Fourth Turning Is Here — How Will This Crisis End
#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
#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
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast