Yesterday morning I had Erik from Your Weekend Reading on the podcast for a great and wide ranging discussion. We talked about everything from bonds and changing market regimes to inflation and Project Zimbabwe, which ties in with his experience investing in Africa. You can also find him on Twitter here.
Podcast Summary
* We talked about a regime change in the market, and what it might look like for different asset classes over the next several years.
* His thoughts on bonds, debt levels, positioning, and why the yield on the 10 year could go to 6%.
* Why he thinks the Fed jumped the gun by cutting rates.
* The psychology of inflation becoming embedded, and why wage inflation is here to stay.
* His thoughts on gold, central bank buying, the miners, energy, and other commodities.
* How the day to day adoption of Bitcoin over the last decade has been disappointing for bulls, despite his view that it is a good store of value.
* Why he is bullish on natural gas, and why he went from bullish on oil to a more mixed view recently.
* His thoughts on Trump potentially being able to calm things down in Ukraine and/or the Middle East.
* The rapid developments and technology advancements in the Chinese manufacturing economy.
* Why he finds China a very attractive pond to fish in with cheap valuations and bombed out sentiment.
* He also makes a compelling case for the European banks.
* Why Trump 2.0 and tariffs might not be able to make American manufacturing great again.
* Book Recommendations: Antifragile & The Black Swan by Nassim Taleb.
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