Learn more about Teucrium’s Soybean ETF (SOYB) here: https://teucrium.com/soyb
Free E-book from Teucrium: https://insights.teucrium.com/why-investors-turning-to-commodity-etfs
In this episode of Other People's Money, Max Wiethe sits down with hedge fund manager Russell Clark to discuss why he believes the U.S. Treasury market is a much larger and more dangerous speculative bubble than AI. Clark details his macroeconomic outlook, arguing that a shifting political landscape focused on 7% wage growth and lower living costs will eventually push the 10-year Treasury yield up to an astonishing 10%. To stabilize affordability for younger generations, he predicts real estate will remain flat nominally while heavily declining in real terms. Clark also breaks down the massive capital expenditures in AI, viewing them as defensive strategies by legacy tech giants to protect their moats rather than mere speculation. Finally, Clark also warns about sectors reliant on low rates and the severe illiquidity and mispriced risks currently lurking within the private credit and private equity markets.
Read Russell’s Substack: https://www.russell-clark.com
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SOYB Fund Page & Prospectus: www.teucrium.com/soyb
Investing in SOYB involves risk, including the possible loss of principal. Commodity investments are subject to significant volatility.
Past performance is not indicative of future results. Investors should carefully consider the investment objectives, risks, charges, and expenses of the Teucrium Soybean Fund before investing. The prospectus contains this and other important information about the Fund.
This material must be proceeded or accompanied by the prospectus. The prospectus is available atteucrium.com/soyb.
Marketing Agent: PINE Distributors LLC.
Timestamps:
00:00 Intro
01:38 Why Treasuries Look Risky
04:33 Foreign Reserves Shift from Gold to Bonds
08:59 Politics Turns Inflationary
14:12 Japan Leads
16:09 Wage Inflation Drives Yields
20:37 Sponsor Break SOYB
21:58 High Real Rates New Normal
26:14 Trading Long View vs Noise
29:09 Housing Tug of War
34:02 Politics Converge Anyway
36:03 Chips Are New Oil
38:38 Is AI a Bubble?
44:12 AI and Wage Politics
50:37 Strategic AI Spending
54:17 Leverage Unwind Risks
59:29 Private Credit Red Flags
01:04:13 Wrap Up and Links
