Napier and Johnson: The Money Riddle

Napier and Johnson: The Money Riddle

For the past decade, Russell Napier has correctly called for disinflation, dissenting with the conventional wisdom that inflation is on horizon. Yet he has changed his mind, and in this conversation with Brent Johnson, CEO of Santiago Capital, Napier explains why he believes the inflationary tides, so long delayed, may soon arrive on the shores of currencies such as the dollar and the euro. Napier argues that fiscal authorities are, via macroprudential regulation, essentially compelling commercial banks to lend and are also requiring them to hold unattractive assets such as negative yielding debt. This new force, Napier continues, will succeed where quantitative easing (QE) has failed in expanding commercial bank balance sheets. Johnson and Napier analyze how this new potential regime will impact affect pensioners, students, and savers as well as how it will shape the destiny of every asset class ranging from equities to Treasurys, from European bank debt to currencies, and from mortgage-backed securities to fine art. . For more charts, click here: https://rvtv.io/3lsOdZw and https://rvtv.io/36BS7cC. Key learnings: Rapid growth of the money supply coupled with low inventories could push the U.S. into a reflationary whirlwind. Napier has an inflation target of 4% for the OECD because he believes macroprudential regulation will compel large financial institutions to lend and hold dubious assets to an unprecedented degree. This view is not necessarily bearish for the dollar, nor for emerging market (EM) currencies, which might prove more resilient than many anticipate. But, it does spell trouble for the Euro, which is already in a bad way. Recorded on November 11, 2020 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Episoder(2011)

Fed Decision Anticipation, JOLTS Expectations, and Germany’s Trade Surprise: PALvatar Market Recap, December 09 2025

Fed Decision Anticipation, JOLTS Expectations, and Germany’s Trade Surprise: PALvatar Market Recap, December 09 2025

⬜ Welcome to Palvatar Market Recap, your go-to daily briefing on the latest market movements, global macro shifts, and crypto trends—powered by Raoul Pal’s AI avatar, Palvatar ⬜ In today’s update, Palvatar highlights a cautious tone across global equities as markets await the Federal Reserve’s interest rate decision, with expectations leaning toward a 25-basis-point cut. He notes that investors are watching the upcoming JOLTS report for confirmation of cooling labor trends that could shape Fed policy. Palvatar also points to Germany’s stronger-than-expected trade surplus, which offers a rare positive signal amid broader global uncertainty. 🔹 Why tune in? Stay ahead of market-moving developments with concise, data-driven insights. 🔹 Who should listen? Traders, investors, and macro enthusiasts looking for real-time market intelligence. 🍌 Get your Banana Zone swag at the Real Vision merch store: https://shop.realvision.com Unlock the potential to showcase your brand to our global audience. Contact us at partnerships@realvision.com for advertising inquiries. Disclaimer: These views are generated by AI and do not represent Raoul Pal’s personal opinions. For Raoul’s latest insights, check out his official videos, reports, and tweets. Connect with Raoul: Twitter (X): https://twitter.com/RaoulGMI Instagram: https://www.instagram.com/raoulgmi/ LinkedIn: https://www.linkedin.com/in/raoul-pal-real-vision/ Connect with Real Vision™ Online: Twitter: https://rvtv.io/twitter Instagram: https://rvtv.io/instagram Web: 🔥 https://rvtv.io/3Y4t5Pw Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pd Learn more about your ad choices. Visit podcastchoices.com/adchoices

9 Des 3min

All Eyes on Rate Cuts? | Macro Mondays: December 8, 2025

All Eyes on Rate Cuts? | Macro Mondays: December 8, 2025

🔥 Cyber Monday chance here: https://rvtv.io/4ps8gYF Andreas Steno Larsen, founder and CEO of Steno Research, is back with his co-host Mikkel Rosenvold, partner and head of geopolitics for Steno Research, to dissect rate-cut expectations for the Federal Reserve this week, how the recent economic data impacts this decision and howe this will help or hurt the end-of-the-year rally? 📣 This episode is brought to you by Bitwise Asset Management*. Bitwise has been all-in on crypto since 2017 and has more than 20 crypto-based products to help investors get the necessary access. Bitwise manages the world’s largest crypto index fund, one of the top Bitcoin ETFs, and one of the largest institutional Ethereum staking solutions. Bitwise has over $10 billion in assets under management and over 100 people in the US and Europe to help manage everything from ETFs to private alpha strategies to SMAs for large investors. 👉 Check out Bitwise at https://bitwiseinvestments.com and let them know that Real Vision mentioned them*. Carefully consider the extreme risks associated with crypto before investing 📣 Today’s sponsor is Plus500 US. Take your trading to the next level with cross-market contracts, from precious metals to key indices, and more. Whether you’re a seasoned trader in the Futures arena or brand new, Plus500’s user-friendly trading platform offers you the advanced tools, market insights, and quick execution you’ve been looking for. 👉 Get started with Plus500 for as little as $100 at https://us.plus500.com. Trading in futures involves the risk of loss. Elevate your brand with Real Vision. Connect with us at partnerships@realvision.com to explore advertising possibilities. Music license ID: WJ6TRPVHFD About Real Vision™: We arm you with the knowledge, tools, and network to succeed on your financial journey. Connect with Real Vision™ Online: Website: https://www.realvision.com/join Twitter: https://rvtv.io/twitter Instagram: https://rvtv.io/instagram Linkedin: https://rvtv.io/linkedin Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pdf Learn more about your ad choices. Visit podcastchoices.com/adchoices

8 Des 34min

Fed Rate Cut Odds, Global Data Surprises, and Crypto Momentum: PALvatar Market Recap, December 08 2025

Fed Rate Cut Odds, Global Data Surprises, and Crypto Momentum: PALvatar Market Recap, December 08 2025

⬜ Welcome to Palvatar Market Recap, your go-to daily briefing on the latest market movements, global macro shifts, and crypto trends—powered by Raoul Pal’s AI avatar, Palvatar ⬜ In today’s update, Palvatar highlights a pivotal week ahead as markets brace for a widely expected Fed rate cut, though economists anticipate an unusually contentious meeting. Global data surprised, with Germany’s industrial production jumping and China’s trade surplus surpassing $1 trillion, while Japan posted a sharp GDP contraction. Crypto markets surged, bitcoin reclaimed $92,000, and Binance secured approval to relocate its headquarters to Abu Dhabi. 🔹 Why tune in? Stay ahead of market-moving developments with concise, data-driven insights. 🔹 Who should listen? Traders, investors, and macro enthusiasts looking for real-time market intelligence. 🍌 Get your Banana Zone swag at the Real Vision merch store: https://shop.realvision.com Unlock the potential to showcase your brand to our global audience. Contact us at partnerships@realvision.com for advertising inquiries. Disclaimer: These views are generated by AI and do not represent Raoul Pal’s personal opinions. For Raoul’s latest insights, check out his official videos, reports, and tweets. Connect with Raoul: Twitter (X): https://twitter.com/RaoulGMI Instagram: https://www.instagram.com/raoulgmi/ LinkedIn: https://www.linkedin.com/in/raoul-pal-real-vision/ Connect with Real Vision™ Online: Twitter: https://rvtv.io/twitter Instagram: https://rvtv.io/instagram Web: 🔥 https://rvtv.io/3Y4t5Pw Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pd Learn more about your ad choices. Visit podcastchoices.com/adchoices

8 Des 5min

Are We in an AI Bubble? | REKT Vision (December 05, 2025)

Are We in an AI Bubble? | REKT Vision (December 05, 2025)

🔥 It's still Black Friday on Real Vision. Buy smarter this year. Up to 50% off now: https://rvtv.io/44vFiz1 This week on REKT Vision, Mando, Rekt co-founder and author of the Mando Minutes newsletter, is joined by Ejaaz, founder and CIO at 26CC. They discuss the markets, AI race, crypto's bounce, Ethereum's Fusaka upgrade, and much more. 🔥 *Download Raoul Pal's 5-year investing roadmap for free:* https://rvtv.io/41fVHWF 📣 *This episode is brought to you by Bitwise Asset Management*. Bitwise has been all-in on crypto since 2017 and has more than 20 crypto-based products to help investors get the necessary access. Bitwise manages the world’s largest crypto index fund, one of the top Bitcoin ETFs, and one of the largest institutional Ethereum staking solutions. Bitwise has over $10 billion in assets under management and over 100 people in the US and Europe to help manage everything from ETFs to private alpha strategies to SMAs for large investors. 👉 *Check out Bitwise at https://bitwiseinvestments.com and let them know that Real Vision mentioned them*. Carefully consider the extreme risks associated with crypto before investing 📣 Today’s sponsor is Plus500 US. Take your trading to the next level with cross-market contracts, from precious metals to key indices, and more. Whether you’re a seasoned trader in the Futures arena or brand new, Plus500’s user-friendly trading platform offers you the advanced tools, market insights, and quick execution you’ve been looking for. 👉 Get started with Plus500 for as little as $100 at https://us.plus500.com. Trading in futures involves the risk of loss. About Real Vision™: We arm you with the knowledge, tools, and network to succeed on your financial journey. Connect with Real Vision™ Online: Website: https://www.realvision.com/join Twitter: https://rvtv.io/twitter Instagram: https://rvtv.io/instagram Linkedin: https://rvtv.io/linkedin 👉 Join our Discord channel and meet like-minded people: discord.com/invite/kYQY2Nd45Y Learn more about your ad choices. Visit podcastchoices.com/adchoices

5 Des 1h 3min

Inflation Jitters, Labor Market Relief, and Global Economic Bright Spots: PALvatar Market Recap, December 05 2025

Inflation Jitters, Labor Market Relief, and Global Economic Bright Spots: PALvatar Market Recap, December 05 2025

⬜ Welcome to Palvatar Market Recap, your go-to daily briefing on the latest market movements, global macro shifts, and crypto trends—powered by Raoul Pal’s AI avatar, Palvatar ⬜ In today’s update, Palvatar highlights inflation as the market’s main focus ahead of the upcoming Fed meeting, with delayed PCE data likely adding early-session volatility. Softer U.S. jobless claims ease labor-market worries, while Germany’s strong industrial orders and Japan’s improving economic indices offer global optimism. India’s rate cut supports growth, Netflix makes an $83B splash with Warner Bros., and BlackRock’s bitcoin ETF faces a sixth week of outflows. 🔹 Why tune in? Stay ahead of market-moving developments with concise, data-driven insights. 🔹 Who should listen? Traders, investors, and macro enthusiasts looking for real-time market intelligence. 🍌 Get your Banana Zone swag at the Real Vision merch store: https://shop.realvision.com Unlock the potential to showcase your brand to our global audience. Contact us at partnerships@realvision.com for advertising inquiries. Disclaimer: These views are generated by AI and do not represent Raoul Pal’s personal opinions. For Raoul’s latest insights, check out his official videos, reports, and tweets. Connect with Raoul: Twitter (X): https://twitter.com/RaoulGMI Instagram: https://www.instagram.com/raoulgmi/ LinkedIn: https://www.linkedin.com/in/raoul-pal-real-vision/ Connect with Real Vision™ Online: Twitter: https://rvtv.io/twitter Instagram: https://rvtv.io/instagram Web: 🔥 https://rvtv.io/3Y4t5Pw Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pd Learn more about your ad choices. Visit podcastchoices.com/adchoices

5 Des 4min

US Jobs Slump, Fed Cut Odds, and Ethereum’s Fusaka Upgrade: PALvatar Market Recap, December 04 2025

US Jobs Slump, Fed Cut Odds, and Ethereum’s Fusaka Upgrade: PALvatar Market Recap, December 04 2025

⬜ Welcome to Palvatar Market Recap, your go-to daily briefing on the latest market movements, global macro shifts, and crypto trends—powered by Raoul Pal’s AI avatar, Palvatar ⬜ In today’s update, Palvatar highlights a broad global equity rally driven by weak U.S. private jobs data that reinforced expectations of a near-term Fed rate cut. The dollar extended its historic losing streak, while Japan’s Nikkei surged after a strong bond auction. Palvatar also reviews mixed PMI readings across the U.S. and Europe, stronger UK data, and major crypto developments including Ethereum’s Fusaka hard fork and rising institutional interest led by Bank of America. 🔹 Why tune in? Stay ahead of market-moving developments with concise, data-driven insights. 🔹 Who should listen? Traders, investors, and macro enthusiasts looking for real-time market intelligence. 🍌 Get your Banana Zone swag at the Real Vision merch store: https://shop.realvision.com Unlock the potential to showcase your brand to our global audience. Contact us at partnerships@realvision.com for advertising inquiries. Disclaimer: These views are generated by AI and do not represent Raoul Pal’s personal opinions. For Raoul’s latest insights, check out his official videos, reports, and tweets. Connect with Raoul: Twitter (X): https://twitter.com/RaoulGMI Instagram: https://www.instagram.com/raoulgmi/ LinkedIn: https://www.linkedin.com/in/raoul-pal-real-vision/ Connect with Real Vision™ Online: Twitter: https://rvtv.io/twitter Instagram: https://rvtv.io/instagram Web: 🔥 https://rvtv.io/3Y4t5Pw Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pd Learn more about your ad choices. Visit podcastchoices.com/adchoices

4 Des 5min

Trading the Markets: December 03, 2025

Trading the Markets: December 03, 2025

Real Vision's Kris Bullock and Bijan Maleki are back to break down the charts and highlight their favorite Real Vision trade ideas before taking questions from the audience. Tune in every Wednesday at 1pm ET LIVE on Real Vision, YouTube, and X 📣 Today’s sponsor is Plus500 US. Take your trading to the next level with cross-market contracts, from precious metals to key indices, and more. Whether you’re a seasoned trader in the Futures arena or brand new, Plus500’s user-friendly trading platform offers you the advanced tools, market insights, and quick execution you’ve been looking for. 👉 Get started with Plus500 for as little as $100 at https://us.plus500.com. Trading in futures involves the risk of loss. 📣 Start investing today - https://gemini.com/realvision 👉 Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Gemini Intergalactic UK, Ltd is registered with the Financial Conduct Authority, under Firm Reference Number: 921817 Elevate your brand with Real Vision. Connect with us at partnerships@realvision.com to explore advertising possibilities. About Real Vision™: We arm you with the knowledge, tools, and network to succeed on your financial journey. Connect with Real Vision™ Online: Website: https://www.realvision.com/join Twitter: https://rvtv.io/twitter Instagram: https://rvtv.io/instagram Linkedin: https://rvtv.io/linkedin 👉 Join our Discord channel and meet like-minded people: https://discord.gg/FTQsrUhD9Z Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pdf Learn more about your ad choices. Visit podcastchoices.com/adchoices

3 Des 27min

Stablecoin Risks, Global PMI Strength, and Crypto’s $3T Rebound: PALvatar Market Recap, December 03 2025

Stablecoin Risks, Global PMI Strength, and Crypto’s $3T Rebound: PALvatar Market Recap, December 03 2025

⬜ Welcome to Palvatar Market Recap, your go-to daily briefing on the latest market movements, global macro shifts, and crypto trends—powered by Raoul Pal’s AI avatar, Palvatar ⬜ In today’s update, Palvatar highlights a cautiously positive equity session as markets await key U.S. data and price in high odds of Fed rate cuts. Europe posts strong PMI readings and tighter bond spreads, while Asia shows mixed momentum. Crypto regains a $3 trillion market cap, with Bitcoin surging to $93,000 and regulatory developments unfolding across several regions. Stablecoins also take center stage amid governance concerns and shifting global policies. 🔹 Why tune in? Stay ahead of market-moving developments with concise, data-driven insights. 🔹 Who should listen? Traders, investors, and macro enthusiasts looking for real-time market intelligence. 🍌 Get your Banana Zone swag at the Real Vision merch store: https://shop.realvision.com Unlock the potential to showcase your brand to our global audience. Contact us at partnerships@realvision.com for advertising inquiries. Disclaimer: These views are generated by AI and do not represent Raoul Pal’s personal opinions. For Raoul’s latest insights, check out his official videos, reports, and tweets. Connect with Raoul: Twitter (X): https://twitter.com/RaoulGMI Instagram: https://www.instagram.com/raoulgmi/ LinkedIn: https://www.linkedin.com/in/raoul-pal-real-vision/ Connect with Real Vision™ Online: Twitter: https://rvtv.io/twitter Instagram: https://rvtv.io/instagram Web: 🔥 https://rvtv.io/3Y4t5Pw Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pd Learn more about your ad choices. Visit podcastchoices.com/adchoices

3 Des 5min

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