Yesterday I had Matt Smith @ Crisis Investing back on the podcast. We talked about Schrodinger’s ceasefire in the Middle East and why he is cautious on financial markets for the rest of 2026. We also talked about rapid technological advancements and living in an era of revolutionary change, and how shifts in the economic and financial systems will feed into culture and politics. If you’re looking for a podcast with a mix of current events and big picture long term topics, you will enjoy this one. You can find Matt on Twitter and at Crisis Investing.
Podcast Summary
* The supply disruption with the Strait of Hormuz, how the SPR and China reducing imports have delayed things, and the complacency around bigger problems.
* The hyperfinancialization of markets and the economy, and why he thinks we could see a washout in the second half of this year.
* The pullback in resource stocks this year, and why he thinks there is a long term opportunity there.
* Enshittification of different industries and the involvement of private equity and credit.
* How cheap capital has created distortions over the last several decades.
* The revolutionary period that we are in for economic systems and financial markets, and how it will feed into culture and politics.
* How changes in technology are going to feed into the revolutionary period.
* The mask coming off for the US government and the looting the treasury phase.
* COVID as the dividing line between the before times and where we are today.
* Book Recommendations: 1873 by Liaquat Ahamed & The Sovereign Individual by James Dale Davidson and William Rees-Mogg.
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