Ep 82: Rising Inflation? Looming Recession? The State of the Economy with Whitney Baker
Ғылым және технология
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What are the forces behind the scenes that drive financial markets? How do bubbles form - and are we in one now? What do the world's best investors understand and how do they consistently come out ahead?
This week we dive into global finance with one of the sharpest minds in macro investing: Whitney Baker, Founder and Chief Investment Officer of Totem Macro. Whitney previously worked at two of the world's leading funds, first in global macro & long/short strategies at Soros Fund Management and most recently as the Head of Emerging Markets at Bridgewater Associates.
In this episode, Whitney lays out the principles behind macro investing and how credit flows, borrowing cycles, and monetary policy drive global finance. She traces our current-day situation back to the 1970s when President Nixon ditched the gold standard and opened trade with China. She explains how a new age of deficit spending combined with China entering the US bond market paved the way for the dot com bubble, and ultimately where we are today. Whitney makes the case that inflation isn't going away soon and believes the Federal Reserve's actions over the past few decades have exacerbated inequality in America. Yet, despite these headwinds, Whitney believes technological progress can sustain the U.S. through these challenging times, so long as we set the right conditions for our best entrepreneurs to succeed.
Пікірлер: 23
Investors are still in denial about the fundamentals of the economy. They expect rares will soon be cut and believe the topline GDP numbers signal a strong economy. However, they dont. Credit card balences are maxed out, more credit is hard to come by for consumers, a ton of companies are about to beforced into refinancing their debs at far higher interest and the regional bank backstop program is out this month. There's also the fact that inflation ticks higher than expected every single time the markets believe a rate cut is around the corner and a rate cut would cause a surge in inflation. The fed sees this stuff, guys. The only wild card for us investors is to actively engage the market by trading, we always over complicate things when we speculate. It's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 100k to a decent 732k in the space of a few months... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
@Garywold86
2 ай бұрын
She's often interacts on Telegrams, using the user-name.
@Garywold86
2 ай бұрын
@Lindawilburn
@user-rt3uq3jv4k
2 ай бұрын
I appreciate the professionalism and dedication of the team behind Linda’s trade signal service.
@79Bettygoff
2 ай бұрын
Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary.
@LovingLife20
2 ай бұрын
Linda Wilburn strategy has normalized winning trades for me and it’s a huge milestone for me looking back to how it all started.
Another fantastic episode, Joe! It's a terrific platform you've created here for us to be able to sit in and listen to the great minds of our time discussing current topics! Would love for you to have Peter Thiel on one of these days.
@AmericanOptimist
2 ай бұрын
Thanks for watching! Yes, Peter is a popular request; we'll see what we can do 😉
@SajakAnak
2 ай бұрын
@@AmericanOptimist 2111W11!W21w11wWw111w1111w1w21121w1121w21121w111w11
very eye opening conversation. Thank you, Joe!
I wish this went for three hours.
Pl check whether this party has taken loans from the banks and same has not been returned?
Does the idiosyncratic nature of fizzling out micro level analysis at the macro level still apply for one sided markets at a sub-macro level?
Hey Joe, please invite Tom Luongo or Tavi Costa for a podcast!
Name of this guest ?
@AmericanOptimist
2 ай бұрын
Whitney Baker
nothing about demographics?
Yutub