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(1998)

Adventures in Finance 54 - Trump Whisperer: The Life and Times of Ken Kurson

Adventures in Finance 54 - Trump Whisperer: The Life and Times of Ken Kurson

Ken Kurson has been many things: A reporter, a rocker, a newspaper editor and a cryptocurrency evangelist. He’s also a supporter and occasional speechwriter for President Donald Trump. This week, he sits down with Real Vision’s Ash Bennington to discuss his varied careers – and to explain why he is a big believer in the current president. Plus, in the “Things I Got Wrong” segment, Nick Colas of DataTrek Research discusses the importance of having confidence at market turning points. And in the long/short segment, Grant and Alex trade Rolls-Royce SUVs, terrifying robots and mass-media volatility coverage. Learn more about your ad choices. Visit podcastchoices.com/adchoices

16 Feb 20181h 1min

Adventures in Finance 53 - Unfixed Income: The Bond Market Meltdown

Adventures in Finance 53 - Unfixed Income: The Bond Market Meltdown

Bond prices appear to be in the midst of a striking dive. So can we blame bonds for the stock market drop? Is the decades-long bond bull market finally over? And where will the 10-year Treasury yield finally settle out? Jeffrey Snider of Alhambra Partners and Greg Weldon of “Weldon Live” join to discuss. Plus, in the long/short segment, Grant Williams, Alex Rosenberg and James Gibb trade volatility, Tesla and network TV. Learn more about your ad choices. Visit podcastchoices.com/adchoices

9 Feb 20181h

Adventures in Finance 52 - New Kids on the Blockchain: Inside the Minds of Cryptocurrency Investors

Adventures in Finance 52 - New Kids on the Blockchain: Inside the Minds of Cryptocurrency Investors

The crypto craze has made dedicated investors and traders out of many people who’ve never before given much thought to finance. What’s driven those people into bitcoin and other tokens, where do they see prices going, and how are they reacting to the recent plunge? We talk to a wide swath of crypto investors around the world to find out.  Plus, in the long/short segment, Grant Williams and Alex Rosenberg trade sleep, Jeremy Corbyn and home-made New Zealand islands. Learn more about your ad choices. Visit podcastchoices.com/adchoices

2 Feb 20181h 9min

Adventures in Finance 51 - Xi’s China: What Next For The Middle Kingdom?

Adventures in Finance 51 - Xi’s China: What Next For The Middle Kingdom?

With China’s plenum out of the way, what’s ahead for the Chinese economy? How much influence does the government have, and how successful has the transition to a consumer-based economy been? Finally, what does it all mean for the global growth and inflation outlook? Tian Yang of Variant Perception and Louis Gave of Gavekal weigh in. Plus, in the long/short segment, Grant Williams and Alex Rosenberg trade ICOs, Liberian leadership and lifeguard buffness. Learn more about your ad choices. Visit podcastchoices.com/adchoices

26 Jan 20181h 7min

Adventures in Finance 50 - 363 Days: Donald Trump’s First Year

Adventures in Finance 50 - 363 Days: Donald Trump’s First Year

A year after Donald Trump’s inauguration, we take a close look at the president’s performance. How well has President Trump done? Should market bulls thank him for the recent rally? And how great is the risk of a significant policy misstep? Experts R.P. Eddy and Pippa Malmgren join to discuss. Plus, in the Long/Short segment, Grant and Alex trade felons, bitcoin and reality. Learn more about your ad choices. Visit podcastchoices.com/adchoices

19 Jan 20181h 7min

Adventures in Finance 49 - Charge!: The Bull Case for Tesla

Adventures in Finance 49 - Charge!: The Bull Case for Tesla

At long last, a Tesla bull steps up to retort Mark Spiegel’s bear case on the electric car company. Rob Maurer, host of the Tesla Daily podcast, makes an impassioned case for both the company and the stock. Plus, Grant Williams and Alex Rosenberg trade Nike, Hedy Lamarr and Scottish spiders in this week’s Long/Short segment. Learn more about your ad choices. Visit podcastchoices.com/adchoices

12 Jan 20181h 15min

Adventures in Finance 48 -  Taking Stock: The Best of “Adventures in Finance”

Adventures in Finance 48 - Taking Stock: The Best of “Adventures in Finance”

Grant looks back at some of his favorite moments from the podcast, reflecting on some of the boldest calls, sharpest insights and most meaningful stories he’s heard. Learn more about your ad choices. Visit podcastchoices.com/adchoices

29 Des 20171h 42min

Adventures in Finance 47 - What Lies Beyond? Big Themes for 2018 Part II: Inflation

Adventures in Finance 47 - What Lies Beyond? Big Themes for 2018 Part II: Inflation

Is an inflation spike around the corner – and if so, what effects could that have? To find out, Grant speaks to Jawad Mian of Stray Reflections, Jonathan Pain of the Pain Report, and Peter Boockvar of Bookmark Advisors. Each gives his take on where we are in terms of inflation now, and where we could be headed in the year ahead. Learn more about your ad choices. Visit podcastchoices.com/adchoices

22 Des 20171h 10min

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