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(2000)

Bitcoin, Gold, and the Future of Macro Investing (Dan Tapiero with Raoul Pal)

Bitcoin, Gold, and the Future of Macro Investing (Dan Tapiero with Raoul Pal)

Bitcoin, Gold, and the Future of Macro Investing (Dan Tapiero with Raoul Pal) Learn more about your ad choices. Visit podcastchoices.com/adchoices

30 Aug 20191h 5min

Russell Clark - Devaluing the Chinese Renminbi

Russell Clark - Devaluing the Chinese Renminbi

Russell Clark of Horseman Capital warns that a Chinese currency shock could be the spark that burns down the entire global economy. In an hour-long conversation with Real Vision editor Roger Hirst, which was released as a video on Real Vision in July, Clark forecasts that Chinese policymakers will eventually respond to the trade war by changing the rules of the currency game. He then walks through the massive consequences that he believes this action could have. Intro provided by Alex Rosenberg. Learn more about your ad choices. Visit podcastchoices.com/adchoices

23 Aug 201937min

Real Vision Classics #5 - Josh Wolfe interviewed by Michael Green

Real Vision Classics #5 - Josh Wolfe interviewed by Michael Green

What will the future look like, and what will that future mean for businesses and investors? Michael Green of Thiel Macro sits down with Josh Wolfe of Lux Capital for an incredibly though-provoking conversation about technology, manufacturing, the economy, and investment opportunities. Alex Rosenberg introduces the audio version of this long piece, which was filmed in June 2018. Learn more about your ad choices. Visit podcastchoices.com/adchoices

18 Jan 20191h 21min

Real Vision Classics #4 - Raoul Pal interviewed by Dee Smith

Real Vision Classics #4 - Raoul Pal interviewed by Dee Smith

Social media power, the proliferation of artificial intelligence, and the destruction of the rules-based global order. How are these massive trends connected? Raoul Pal, CEO of Real Vision and the mind behind the Global Macro Investor, sits down with Dee Smith of Strategic Insight Group for a wide-ranging and deep-diving conversation about these topics and more. Alex Rosenberg introduces the audio version of this long piece, which was filmed in August. Learn more about your ad choices. Visit podcastchoices.com/adchoices

11 Jan 20191h 14min

Real Vision Classics #3 - Stanley F. Druckenmiller Interviewed by Kiril Sokoloff

Real Vision Classics #3 - Stanley F. Druckenmiller Interviewed by Kiril Sokoloff

One of the most widely watched videos on Real Vision this year was investment visionary Kiril Sokoloff’s interview of hedge fund legend Stanley F. Druckenmiller. Now we are releasing the audio version of this incredible interview to podcast listeners. Alex Rosenberg and Brian Price introduce the piece, which was filmed in September. Learn more about your ad choices. Visit podcastchoices.com/adchoices

4 Jan 20191h 30min

Real Vision Classics #2 - Joe Duran Speaks to Brian Price

Real Vision Classics #2 - Joe Duran Speaks to Brian Price

One of the most beloved videos released this year on Real Vision was our interview with Joe Duran, the founder and CEO of United Capital. Now we are allowing podcast listeners a chance to hear the full audio version of the piece. The man who conducted the October interview, Brian Price, introduces it alongside fellow Real Vision editor Jake Merl. Learn more about your ad choices. Visit podcastchoices.com/adchoices

28 Des 201852min

Real Vision Classics #1 - Mark Cuban in Conversation with Kyle Bass

Real Vision Classics #1 - Mark Cuban in Conversation with Kyle Bass

As a holiday treat, we are bringing you Mark Cuban’s full conversation with Kyle Bass. The video version of this interview was released on Real Vision in November 2017. Learn more about your ad choices. Visit podcastchoices.com/adchoices

21 Des 201859min

The Knock-On Effect #28 - The Fate of Waste, Nuts, Space & More

The Knock-On Effect #28 - The Fate of Waste, Nuts, Space & More

What do we know about the strange places we’ve been? In this season finale, Justine, Alex and Roger provide updates about the topics previously covered in the “The Knock-on Effect,” touching on the bright-red bugs behind the American aperitivo resurgence, the market potential for spicy hazelnuts, privatization of space and the moon, the glut of cheese, the existence of moon cheese, vaccine-flavored honey and the uniquely British appeal of Mr Kipling cakes. Learn more about your ad choices. Visit podcastchoices.com/adchoices

14 Des 201829min

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