Connect with me on Substack: maggielake.substack.com 01:00 - Russell Clark - What's This New World We Are In? 02:55 - The Shift from Pro-Capital to Pro-Labor Policies 07:40 - Are Macro and Markets Still Connected? 10:30 - Global Paradigm Shift: The Rise of Isolationism 14:00 - What Inflation Really Means for Wages and Growth 23:50 - Is a Crisis in the Treasury Market Inevitable? 35:30 - When and How a Bond Market Event Could Unfold 40:00 - How AI Technology Shapes the Future of Work and Labor 42:25 - How Fertility Rates Impact Demographics 48:00 - Treasuries Are No Longer A Reserve Asset 55:15 - Where Russell Sees Trouble Ahead 57:50 - Is The European Union Experiment Over?
I wouldn't trust Trump economy for so long. Any tips on stocks that can outperform s&p500? I am at the beginning of my investment journey and intend spreading $200k across dividend stocks, so that I can annualize up to 30% ROI even after my retirement.
I agree, financial advisory is currently the optimal approach for navigating the financial market, especially for newbies and those approaching retirement. At first-hand experience, my portfolio has surged over 300% since the covid crash of 2020 to date.
@@JaneEveret I'm unsure of whether a financial specialist is right for me I am pretty familiar with investing, just need a little assistance in rebalancing my portfolio for high monthly dividends. I have ETF JEPQ and JEPI by JP Morgan
I've stuck with ''Katherine Nance Dietz'' for 5 years now, and her performance has been consistently impressive. To be honest, if it wasn't for the pandemic, I wouldn't have supplemented my stream of income, but I'm so glad I did.
glad to have stumbled upon this, curiously inputted Katherine Nance Dietz on my browser, spotted her consulting page at once and was able to schedule a call session with her, she seems highly professional from her resumé
Awesome video Maggie ! Lots of quiet gold holders still out here, patiently sitting on metals. I’m still a strong supporter of Bitcoin, but by no means am I all-in on Bitcoin. I see a place in the world for both Bitcoin and Gold
I’ve often thought about the macro economic climate exactly as how he’s describing. I’ve also thought that the era of capital dominance over labor is coming to an end. However, the difference between now and the 50’s and 60’s is the leverage labor has is significantly less (at least economically). There is just too much automation and other technology investment capital can go to. Labor’s leverage would have to come politically, and from the current political landscape, I think we are still some years out from that really manifesting.
Once again, excellent guest and all the right questions at the right time from you,--Maggie. This is why people keep tuning into you. By the way, you always look great with your fashionable glasses but especially with this lovely turtleneck!!! 🙂Keep up the good work--we're all behind you!
Love the hate for his 12% long bond thesis here. Buffett is treating them like the toxic assets they are. Maybe 7% will be the reality. Bondholders and savers have alreadly seen over 33% (cumulative) wiped out by 'transistory' shock inflation from 2020 so bondholders might react far quicker to nominal inflation rigging via loose policy, to raise nominal incomes/NGDP than the 1980s
Liked the debate on fertility. 1 missed point: Now the issue is almost ideological. Only 1/10 leftist friends I have have children by 30s. All the children I see being produced r by conservative far right segments. This wasnt true 50 years ago.
Even though I disagreed with 60 percent of what Russell said great conversation. If I hear one more person say “us assets are expensive” I never hear push back on expensive. Expensive to history?….Should the market trade at a 10 PE? What’s the basis? What’s changed? Why do you think they’re expensive? What metric are you using, something. Whenever someone says that it’s like they can predict the future. Manufacturing in the US has been cut in half. If that figure stayed the same then yes. But c’mon my man. The math doesn’t add up. Sorry but it’s like they have some number where it should always be. Why is that? Be aggressive and dig deeper.
So wages rising causes inflation but the greedflation of corporations who continued to lift prices after a supply crisis because they could get away with it is okay. Spoken like a true neoliberal. Plenty of international organisations have highlighted the large contribution that price gouging corporations have made to inflation. And then of course there’s the tax advantages given to those whose income comes through profit vs those whose income is achieved through wages. I’m assuming that this guy is fine with billionaires doubling their wealth in the last few years while non-asset owners like our young adults and the poor have been smashed.
The only thing that is contrary to Russell’s view of pro-labor is the pervasion of AI, for his view to come to fruition is for the rates to go a lot higher first, to bring the investment in capital to reflect true risk😂🤣
Connect with me on Substack: maggielake.substack.com
01:00 - Russell Clark - What's This New World We Are In?
02:55 - The Shift from Pro-Capital to Pro-Labor Policies
07:40 - Are Macro and Markets Still Connected?
10:30 - Global Paradigm Shift: The Rise of Isolationism
14:00 - What Inflation Really Means for Wages and Growth
23:50 - Is a Crisis in the Treasury Market Inevitable?
35:30 - When and How a Bond Market Event Could Unfold
40:00 - How AI Technology Shapes the Future of Work and Labor
42:25 - How Fertility Rates Impact Demographics
48:00 - Treasuries Are No Longer A Reserve Asset
55:15 - Where Russell Sees Trouble Ahead
57:50 - Is The European Union Experiment Over?
Some very shrewd observations by Russell. Thanks Maggie.
You should have Russell more frequently-he is one of the most underrated managers, who truly understands the dynamics of macro
Agree 💯
Research his former performances
@ u can enlighten me 😂
If nothing else, he grasps macro better than anyone who have listened to on these podcasts
Russell is one of the great independent thinkers in finance. Can't say I agree with him but it's always a pleasure to listen to his ideas.
Good to see Maggie and Jack start their own RUclips channels. Raoul Vision was getting.. inconsistent.
Crazy is the word you are thinking about. Batshit crazy
Raoul drank the "exponential age" Kool aide and lost his compass
I wouldn't trust Trump economy for so long. Any tips on stocks that can outperform s&p500? I am at the beginning of my investment journey and intend spreading $200k across dividend stocks, so that I can annualize up to 30% ROI even after my retirement.
as a beginner, its best you seek the guidance of a financial specialist, it may seem costly but could save you the cost of a fiasco
I agree, financial advisory is currently the optimal approach for navigating the financial market, especially for newbies and those approaching retirement. At first-hand experience, my portfolio has surged over 300% since the covid crash of 2020 to date.
@@JaneEveret I'm unsure of whether a financial specialist is right for me I am pretty familiar with investing, just need a little assistance in rebalancing my portfolio for high monthly dividends. I have ETF JEPQ and JEPI by JP Morgan
I've stuck with ''Katherine Nance Dietz'' for 5 years now, and her performance has been consistently impressive. To be honest, if it wasn't for the pandemic, I wouldn't have supplemented my stream of income, but I'm so glad I did.
glad to have stumbled upon this, curiously inputted Katherine Nance Dietz on my browser, spotted her consulting page at once and was able to schedule a call session with her, she seems highly professional from her resumé
Good to see you Maggie. Subscribed
Thanks for subbing!
Awesome video Maggie ! Lots of quiet gold holders still out here, patiently sitting on metals. I’m still a strong supporter of Bitcoin, but by no means am I all-in on Bitcoin. I see a place in the world for both Bitcoin and Gold
I’ve often thought about the macro economic climate exactly as how he’s describing. I’ve also thought that the era of capital dominance over labor is coming to an end.
However, the difference between now and the 50’s and 60’s is the leverage labor has is significantly less (at least economically). There is just too much automation and other technology investment capital can go to.
Labor’s leverage would have to come politically, and from the current political landscape, I think we are still some years out from that really manifesting.
Nice picture. Bears really have taken a bath the past couple years 😆
Once again, excellent guest and all the right questions at the right time from you,--Maggie. This is why people keep tuning into you. By the way, you always look great with your fashionable glasses but especially with this lovely turtleneck!!! 🙂Keep up the good work--we're all behind you!
Yes. There is an ongoing shift of power towards labor. As labor gains power, the capital class will take a hit. Equity markets will need a re-rating.
Thank you Maggie, Russell was great! Lots to think about.
I enjoyed this podcast. Lots of fresh ideas from a thinking individual!
Glad you enjoyed it!
good analysis
simply superb. Congratulations.
Thank you!
thank you
Moved into gold a month ago. Was just trying to preserve capital but will probably make gains.
Great conversation!
Good conversation I have been waiting for that 12 percent 30 year bond and ride that shit to retirement
Love the hair Maggie!
He is one of the best in connecting the macro & micro😂
No wonder ZH rated him the best Shorts in Hedge fund business
An hour well spent (normal service resumed) 👍
Glad you enjoyed it!
Very nice haircut Maggie! Looks fantastic
And Maggie Love you! Even if you agree be a contrarian and start to make your guest pause and think. Don’t stop!
The common people should be able to open up a Comex account
what are the signs of capital starved economy
Assumes voting isn't rigged
Treasuries are very popular at these levels.
Love the hate for his 12% long bond thesis here. Buffett is treating them like the toxic assets they are. Maybe 7% will be the reality. Bondholders and savers have alreadly seen over 33% (cumulative) wiped out by 'transistory' shock inflation from 2020 so bondholders might react far quicker to nominal inflation rigging via loose policy, to raise nominal incomes/NGDP than the 1980s
Liked the debate on fertility. 1 missed point: Now the issue is almost ideological. Only 1/10 leftist friends I have have children by 30s. All the children I see being produced r by conservative far right segments. This wasnt true 50 years ago.
Think we're experiencing ad inflation on your content , which is otherwise excellent
Long end of the curve to 10% Plus . This guy Lives in Fantasyland . This guys mantelpiece tells you everything you need to know about his mindset
Another great guest - broad-casting like a B055!! o/
Thank you!
lawyer politician and he leaves out Starmer out of the conversation why? weakens his argument
I will always remember Russell if he is right but this sounds like Fringe economics to me ... maybe this is why UK is the way it is.
🏛️🙋❤️
Even though I disagreed with 60 percent of what Russell said great conversation. If I hear one more person say “us assets are expensive” I never hear push back on expensive. Expensive to history?….Should the market trade at a 10 PE? What’s the basis? What’s changed? Why do you think they’re expensive? What metric are you using, something. Whenever someone says that it’s like they can predict the future. Manufacturing in the US has been cut in half. If that figure stayed the same then yes. But c’mon my man. The math doesn’t add up. Sorry but it’s like they have some number where it should always be. Why is that? Be aggressive and dig deeper.
Let me help you, chump is not pro-labor , and will only cut taxes for the wealthiest individuals and corporates.
Guy thinks wages cause inflation instead of the government growing the money supply. Instant dislike and turn off.
He really doesn't understand why Russian financial assets have been restricted? Wtf else doesn't he understand?
This guy must spend a lot of time polishing his rear view mirror.
Do you have to speak Australian to understand him?
So wages rising causes inflation but the greedflation of corporations who continued to lift prices after a supply crisis because they could get away with it is okay. Spoken like a true neoliberal. Plenty of international organisations have highlighted the large contribution that price gouging corporations have made to inflation.
And then of course there’s the tax advantages given to those whose income comes through profit vs those whose income is achieved through wages. I’m assuming that this guy is fine with billionaires doubling their wealth in the last few years while non-asset owners like our young adults and the poor have been smashed.
One hour plus duration....viewers valuable time not respected.
If you don’t have an hour shut it off
The only thing that is contrary to Russell’s view of pro-labor is the pervasion of AI, for his view to come to fruition is for the rates to go a lot higher first, to bring the investment in capital to reflect true risk😂🤣