DANGER: We've Got The Most Concentrated Asset Exposure to the Most Expensive Markets
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- Опубликовано: 29 фев 2024
- Subscribe to The Meb Faber Show podcast on your favorite platform so you never miss an episode! pod.link/1128955736
Today’s guest is Whitney Baker, founder of Totem Macro. She previously worked at shops like Bridgewater and Soros.
In today’s episode, Whitney explains what led to $500 billion in money expansion last year and why that’s driven recent performance in asset prices. She discusses the challenge the Federal Reserve faces as they try to balance inflation concerns with the need to support asset prices.
Finally, Whitney talks about the huge opportunity she sees in emerging markets today and which countries have attractive valuations and troughing conditions.
To see links or read the transcript of the episode, visit us at mebfaber.com/2024/03/01/whitn...
(0:15) - Welcome to our guest, Whitney Baker
(0:33) - Whitney’s view of the macro landscape
(3:26) - What led to the money expansion the past few months
(13:35) - The challenge the Fed faces
(29:36) - Opportunity in emerging markets
(39:24) - Interesting markets to keep an eye on
(46:41) - What leads to Whitney seeing an investment opportunity (57:35) - Update from Whitney on launching a new fund
(1:02:49) - Whitney’s view on gold
(1:05:55) - Larry Summers Tweet
(1:09:31) - Whitney’s most controversial viewpoint
(1:13:22) - Using useful resources from history
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Ms Baker is incredibly clear and eloquent in her razor sharp diagnosis of the current state of US and global financial affairs. Another great interview, thank you.
This is one of the best interviews that i saw in a long time. Accurate as hell. Thanks
She's a firehose of information. I concur that this is a great interview.
Wow! She is brilliant! Excellent guest -- my first introduction to her. I'd love to put her and Lyn Alden in a room together and just listen. I spend most of my time separating the signal from the noise (a 98% to 2% ratio, IMO). Thanks for providing this interview as a prime example of the 2% that actually moves the needle in terms of education and understanding. 👍
All I could add is adding Tavi Costa to the duo
"I'd love to put her and Lyn Alden in a room together and just listen." I had the exact same thought. Two brilliant young women.
Fantastic episode - Whitney is outstanding
Whitney, thank you for the education. What an excellent explanation.
Meb, thank you for continually providing the best content, really do appreciate your take.
Great conversation; thank you both.
WOW, what a great guest, the knowledge level is off the charts.
She brings clarity to the place where others just mumble😊
She is fantastic! New fan here - she's extremely detailed but can put the dominos in order so you can watch how they fall!
Love the guest. 👍
Excellent guest, Meb. Watched it twice. Must have been difficult trying to digest it real time and come up with questions.
One of the best interviews, explaining US government ponzi scheme.
She’s really smart. Great interview.
Fav quote;: "So they [the Fed] are frailing around like one of those balloon guys in front of car dealerships."
I feel like the BORG took me away after listening to this 😂
Amazing interview. It's too bad her Macro site doesn't cater to the average Joe Investor. Would subscribe in a heartbeat.
Excellent.
The top of her league!
Wow, she is razor sharp. Meb you need a co-host.
Dang she was right
Love it!!!!!!!!!!!!!!!
Wow. She's incredible
thought invoking interview, thank Meb.
Geez, this gal is brilliant.
Is The Fed responsible for printing money or bank reserves?
Responsible? The Fed controls the printing presses which make money(currency) out of paper and and metal. Examine your dollar bill. It says: Federal Reserve Note. The Fed can also create money in the form known as bank reserves, by electronically crediting banks. While it is authorized to manipulate the supply of money at its own discretion, (to accomplish its mandate) it must also respond to lawfully authorized requests, to make sure the Treasury has funds to accomplish the tasks set for it by the Congress. When the Fed purchases debt issued by the Treasury, this is called monetizing the debt and it can be noted on the Fed's balance sheet.
My god. 😍
no charts?
Grab a piece of paper and a pen. Place that paper on a table and then draw a hockey stick. There is your chart.
@@KK-pm7ud Sry, did not understand.
@@nkristianschmidt - just a not so subtle way of saying INFLATION is here
Great interview but you need to step up your microphone MB. Her voice is quality yours sounds muffled.
keep in mind... these people talk a good game, but 90% cannot beat the S&P.
So why do you keep listening? By "These people" you are grouping together a whole variety of people, including those that are 10 times smarter than you and have got 10x better return than you, and also people who just BS the whole way. Meaningless to group them together and make a generalized sour comment.
Beating the market is not as hard as it is made out to be honestly. I beat the market and part of how I do that is being receptive to new ideas and learning new things.
Too much is firehose Meb. Slow her ideas please!
Her voice doesn’t match her body :-) too pretty for such a mean little voice