The Julia La Roche Show podcast

#Trading #Business #Julia La Roche

28:39

For centuries, members of the B’doul Bedouin tribe lived in the caves around the ancient city of Petra, Jordan. Then, in the 1980s, the government forced the tribe to move in the name of preserving the geological site for tourists. But if the residents are forced to leave, and if their heritage has been permanently changed, then what exactly is being preserved? SHOW NOTES: Meet The Man Living in The Lost City Carved in Stone Jordan: Petra's tourism authority cracks down on Bedouin cave dwellers The tribes paying the brutal price of conservation “There is no future for Umm Sayhoun” Jordan’s Young Bedouins Are Documenting Their Traditions on TikTok Check out Sami's company Jordan Inspiration Tours Learn about your ad choices: dovetail.prx.org/ad-choices…

The Julia La Roche Show

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Julia La Roche brings her listeners in-depth conversations with some of the top CEOs, investors, founders, academics, and rising stars in business. Guests on "The Julia La Roche Show" have included Bill Ackman, Ray Dalio, Marc Benioff, Kyle Bass, Hugh Hendry, Nassim Taleb, Nouriel Roubini, David Friedberg, Anthony Scaramucci, Scott Galloway, Brent Johnson, Jim Rickards, Danielle DiMartino Booth, Carol Roth, Neil Howe, Jim Rogers, Jim Bianco, Josh Brown, and many more. Julia always makes the show about the guest, never the host. She speaks less and listens more. She always does her homework.

248 episodes

The Julia La Roche Show

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updated il y a environ 4 jours

maison des série•Feed

248 episodes

#Trading #Business #Julia La Roche

Tous les épisodes

1
#247 Chris Whalen: Tariffs Are a Distraction - The Real Story Is America's Retreat from Global Currency Dominance 33:33

il y a environ 4 jours33:33

33:33

Chris Whalen, chairman of Whalen Global Advisors and author of The Institutional Risk Analyst blog, returns to The Julia La Roche Show for episode 247 to discuss tariffs, markets, and the economy. Sponsor: This episode is brought to you by Monetary Metals. ⁠https://monetary-metals.com/julia⁠ Chris Whalen explains why the tariff debate is largely a distraction - part of Trump's "shock and awe" strategy to force trading partners to negotiate fairer terms as America attempts to end the Bretton Woods system after 75 years. He sees credit deterioration emerging in auto loans and credit cards while warning about multi-family housing defaults, particularly in smaller urban properties where market indicators show values 50% below their last sale. Despite market fears, Whalen believes the bond market is already cutting rates regardless of Fed action, with the 10-year yield dropping to 3.94% due to strong demand for risk-free collateral and Treasury's efforts to reduce auction sizes. He predicts financial consolidation will continue, pointing to the mortgage industry shrinking to just five major lender/servicer groups, while suggesting investors should look for stock opportunities despite current volatility. Links: Twitter/X: https://twitter.com/rcwhalen Website: https://www.rcwhalen.com/ The Institutional Risk Analyst: https://www.theinstitutionalriskanalyst.com/ Inflated book (2nd edition): https://www.amazon.com/Inflated-Money-Debt-American-Dream/dp/139428571X Stanley Middleman book: https://www.amazon.com/Seeing-Around-Corners-Achieving-Business/dp/B0D5PTSJVC/ 0:00 Introduction1:27 Tariffs 3:03 Market reaction assessment5:11 Investment strategy amid volatility7:40 Historical context of tariffs10:37 Main Street vs Wall Street priorities11:17 Impact and distribution of tariff costs13:30 Consumer credit and lending trends15:34 Multi-family housing defaults17:36 Real estate overbuilding concerns18:17 Consumer recession outlook20:46 Job market and recession dynamics22:57 Fed outlook and rate environment24:52 Balance sheet impact discussion26:56 Treasury market outlook29:36 Client questions about market positioning30:57 Closing remarks and contact information…

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#246 Jim Rickards on MAGANOMICS: Tariffs Are America's Comeback Plan, Gold Party Just Getting Started, And The Time Bomb Nobody Sees Coming 1:03:25

il y a environ 8 jours1:03:25

1:03:25

Jim Rickards returns to The Julia La Roche Show to discuss "MAGAnomics" - the multi-faceted economic strategy of the Trump administration. Rickards explains the three-legged stool of Trump's economic policy: Bessent's 3-3-3 Plan, Navarro's tariff strategy, and Miran's "Mar-a-Lago Accord." He warns of a potential "time bomb" in the financial system if Treasury Bills are swapped for 100-year bonds, discusses why central banks are racing to buy gold, and explains why the current gold rally is "just getting started." Rickards also shares his market outlook, predicting continued market decline and potential recession before long-term economic gains can be realized. This episode is sponsored by Monetary Metals. Visit monetary-metals.com/julia More about Rickards: Rickards is a New York Times bestselling author of Currency Wars: The Making of the Next Global Crisis and several other best-sellers, including The New Great Depression, Aftermath, The Road to Ruin, Death of Money, The New Case for Gold, and his newest book Sold Out: How Broken Supply Chains, Surging Inflation, and Political Instability Will Sink the Global Economy. An investment advisor, lawyer, inventor, and economist, Rickards has held senior positions at Citibank, Long-Term Capital Management, and Caxton Associates. He is also the Editor of Strategic Intelligence, a widely-read financial newsletter. Links: https://www.amazon.com/MoneyGPT-AI-Threat-Global-Economy/dp/0593718631http://www.jamesrickardsproject.com/ https://x.com/realjimrickards 0:00 - Intro and welcome Jim Rickards 1:04 - Big picture 3:01 - Tariff strategies and market impact 4:49 - Auto industry specifics and tariff implications 6:50 - Discussion on economic principles and strategies 11:05 - Geopolitical impacts of oil pricing 13:17 - How tariffs work in practice 15:27 - Benefits of tariffs and job creation in the US 16:50 - Economic agreements and strategies 27:11 - Treasury strategies and fiscal policies 30:07 - Federal land resources and economic opportunities 31:27 - U.S. financial stability and government strategies 33:26 - Dynamics of U.S. Treasury securities 35:34 - Importance of Treasury bills in global finance 38:32 - Necessity of short-term Treasury bills 39:58 - Discussion on U.S. dollar and trade policies 42:37 - Globalization and economic policies 44:02 - Assessment of current economic moves 45:25 - Gold market dynamics and central bank activities 48:49 - Geopolitical strategy using economic tools 51:13 - Global gold demand and production 53:45 - Market psychology and gold pricing 54:15 - Future prospects of gold market 55:10 - Economic forecasts and stock market trends 58:05 - Interest rate policies and economic implications 59:38 - Final thoughts and where to find Jim Rickards' work…

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#245 Axel Merk: Axel Merk: How Trump's Trade Policies Could Disrupt Global Financial Plumbing 34:26

il y a environ 15 jours34:26

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Axel Merk, CIO and founder of Merk Investments with over $2 billion in AUM, shares his perspective on the current macro landscape. He explores how Trump's executive policies around trade and tariffs might alter the "plumbing" of the global financial system, potentially disrupting international capital flows that have long benefited the US. Merk discusses gold's performance as a possible warning signal, stagflationary risks in the economy, and why there is "no such thing as a safe asset" in today's investment environment. With 30 years of investment experience, he provides analysis on monetary policy, inflation concerns, and portfolio diversification strategies for navigating these uncertain times. This episode is sponsored by Monetary Metals. Visit https://monetary-metals.com/julia Timestamps 0:00 Intro and welcome Axel Merk1:11 The big macro picture - viewing through executive policy3:34 Disruption to global financial flows4:30 Potential consequences of changing financial plumbing6:51 Role of the Federal Reserve in market disruptions8:25 What the market gets right and wrong10:26 Gold as a contrarian indicator11:57 Drivers behind gold's performance14:54 Axel's position on gold investments16:00 Investment advice for different types of investors19:12 The "popcorn" investment strategy20:31 Stagflationary risks remain22:05 Growth potential amid regulatory changes24:53 Managing investment risks in volatile times27:47 Long-term debt and entitlement concerns30:46 Global reflation efforts vs US fiscal contraction31:42 Where to find Axel Merk and final thoughts…

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#244 Peter Boockvar: Three Major Market Shifts Creating Recession Risk 34:52

il y a environ 19 jours34:52

34:52

Peter Boockvar explains why investors must discard the playbook that has worked for the past few years due to three major shifts: the end of the MAG7 tech trade, potential cuts in government spending, and declining foreign flows into US assets. Boockvar notes that these seven stocks reached 35% of the S&P 500 - exceeding the concentration seen in March 2000 - while becoming a global "reserve currency" with central banks like Norway's Norges Bank and the Swiss National Bank owning billions in shares. He identifies emerging opportunities in international markets, with the German DAX up 17% and Hang Seng up 20% year-to-date, while warning that reduced government spending combined with weakening tech investment creates recession risk. Boockvar believes the Fed has diminished power in a new 3-4% inflation environment, pointing to record copper prices as evidence while noting that US defense manufacturers and technology companies face growing international competition. This episode is sponsored by Monetary Metals. Visit https://monetary-metals.com/julia Links: Substack/The Boock Report: https://boockreport.com/ Twitter/X: https://x.com/pboockvar Bleakley Financial Group: https://www.bleakley.com/ Timestamps: 0:00 Introduction and welcome Peter Boockvar0:55 Big picture market changes post-COVID3:22 End of AI tech trade dominance5:50 Foreign central bank investment in US stocks7:47 Market pivot to international opportunities10:12 Fed and Treasury coordination on bond yields12:34 Market bounce and valuation concerns14:28 New inflationary environment limiting Fed options16:53 Record copper prices amid inflation volatility18:02 Geopolitical shifts in commodity holdings20:17 Investment opportunities in China tech22:42 Portfolio management in changing market leadership25:12 Foreign flows into US stocks and dollar implications28:21 Recession risk assessment30:33 Closing thoughts on investment approach changes32:57 Final remarks and sign-off…

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#243 Jim Bianco: The Status Quo Cannot Hold - Major Economic Realignment Underway 57:37

il y a environ 21 jours57:37

57:37

Jim Bianco, president of Bianco Research, returns to The Julia La Roche Show for episode 242 to discuss the markets and the economy. He explains why America's K-shaped economy - where the top 10% drives 50% of retail sales - has made the status quo unsustainable. He argues Trump's policies reflect the reality that our $36 trillion debt has become a national security issue requiring allies to pay for their defense rather than relying solely on U.S. taxpayers. Bianco maintains his "no landing" economic outlook, viewing tariffs as negotiation leverage rather than permanent policy. For investors, he predicts bonds will deliver 5% returns with lower volatility compared to stocks' 6-7% annually, making fixed income an attractive alternative after years of TINA (There Is No Alternative). This episode is sponsored by Monetary Metals. Visit https://monetary-metals.com/julia Links: BiancoResearch.com BiancoAdvisors.com x.com/biancoresearch 0:00 Introduction and welcome back Jim Bianco 0:55 Big picture view on K-shaped economy 3:18 Bottom half vs top half income differences 4:38 Top 10% accounting for 50% of retail sales 6:52 Unsustainable fiscal situation and policy shifts 9:12 Mar-a-Lago Accord discussion 14:03 Ukraine situation and security payments 17:44 Fourth Turning analysis and Trump's preparation 21:06 Focus on rebuilding manufacturing jobs 22:28 Bond market analysis and common misconceptions 26:43 Bond yields vs stock market returns 29:28 Stock market valuation and return expectations 31:29 Problems with passive investing 34:42 Market correction reaction and overreaction 38:43 Tesla stock overreaction example 39:59 No landing economic view 42:21 Tariffs as leverage, not permanent policy 43:22 Red Sea shipping disruption analysis 47:08 Houthi drone attacks and economic implications 50:51 Global security costs and European defense spending 54:28 Closing thoughts on economic realignment…

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#242 Lynette Zang: 'We're at the End of the Dollar's Life Cycle' - Gold's Fundamental Value of $40,000+ and Coming Hyperinflationary Depression? 1:04:31

il y a environ 26 jours1:04:31

1:04:31

Lynette Zang, financial analyst and economist, explains why the US dollar is at the end of its life cycle, with only 3 cents of purchasing power remaining from the original dollar. She details how currency collapses follow predictable patterns, with the current system having effectively died in 2008. Zang calculates gold's fundamental value at over $40,000 per ounce based on global debt divided by available gold, and predicts a hyperinflationary depression as the transition mechanism to a new monetary system. She outlines her eight-part preparation strategy focusing on food, water, energy, security, barterability, wealth preservation, community, and shelter, while advocating for sound money with convertible gold backing to force fiscal responsibility. Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia Links: https://www.youtube.com/@TheLynetteZang https://x.com/TheLynetteZang 0:00 Introduction of Lynette Zang 1:22 Big picture view on currency life cycles 3:44 Analysis of pattern recognition in markets 5:55 Discussion of dollar's end game scenario 8:43 Four key functions of money and fiat failures 10:02 Explanation of negative interest rates 11:32 Inflation impact and purchasing power decline 13:56 Gold vs dollar performance since 1913 15:10 Economic outlook and debt sustainability 17:24 Compounding interest and credit exhaustion 20:09 Gold-backed currency and fiscal responsibility 21:25 Gold price behavior and performance analysis 23:51 Gold valuation methodology 26:34 Gold revaluation and confidence loss 28:29 Personal asset allocation strategy 30:32 CBDCs and currency transition tactics 34:13 Monetary reset discussion 37:04 Hyperinflationary depression outlook 40:19 Preparedness strategies and food security 43:49 Detailed home preparedness approach 48:46 Economic outlook beyond recession 51:06 Eight critical preparation categories 52:57 Central bank gold buying motivations 54:42 Gold standard and sound money advocacy 57:39 Perception management and paradigm shifts 1:01:12 Closing thoughts and contact information…

1
#241 Chris Whalen: No Recession This Year, Fed 'Playing Chicken' With Trump, No 'Big Selloff' Expected Without External Event 32:42

il y a environ 28 jours32:42

32:42

Chris Whalen, chairman of Whalen Global Advisors and author of The Institutional Risk Analyst blog, returns to The Julia La Roche Show for episode 240 to discuss markets and the state of the economy. Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia Whalen explains why market euphoria has faded under Trump's "shock and awe" strategy. Banks face a $3 trillion mortgage securities problem yielding under 3% against 3% funding costs. He notes the FDIC has stopped reporting troubled bank asset totals after 35 years, suggesting numerous insolvent institutions need resolution. Despite these issues, Whalen doesn't forecast a recession, seeing continued growth with isolated credit problems. In commercial real estate, he describes a "silent recession" where banks avoid taking properties, while for residential real estate he predicts price softening, then a rate-cut mini-boom before a major 2028 correction. Whalen also calls Fannie & Freddie stocks a "pump and dump" trade, states gold is "the only form of money that's not debt," and dismisses crypto as "nothing." Links: Twitter/X: https://twitter.com/rcwhalen Website: https://www.rcwhalen.com/ The Institutional Risk Analyst: https://www.theinstitutionalriskanalyst.com/ Inflated book (2nd edition): https://www.amazon.com/Inflated-Money-Debt-American-Dream/dp/139428571X Stanley Middleman book: https://www.amazon.com/Seeing-Around-Corners-Achieving-Business/dp/B0D5PTSJVC/ 0:00 Intro and welcome back Chris Whalen 1:06 Big picture market overview and Trump policy impact 2:49 Stock market as political proxy and market conditions 4:46 Fed policy outlook and potential rate cuts 6:09 Banking sector challenges and mark-to-market issues 8:07 Silicon Valley Bank anniversary and bank issues 11:10 Economic assessment and credit conditions 13:52 Commercial real estate challenges 16:11 Discussion of tariffs and Trump's structural changes 20:13 Debt, government spending, and economic growth 22:18 Investment approach and AI skepticism 24:36 Gold vs cryptocurrency perspective 25:58 Fannie Mae and Freddie Mac 27:29 Housing market conditions and affordability 29:50 Closing thoughts and where to find his work…

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#240 Michael Howell: 'We're in a Liquidity Air Pocket' as Hidden Stimulus Fades 52:47

il y a 5 weeks52:47

52:47

Michael Howell, CEO of CrossBorder Capital, an investment advisory firm, and author of the book, “Capital Wars: The Rise Of Global Liquidity,” returns to The Julia La Roche Show where he analyzes global liquidity trends and warns of market risks ahead. Howell explains we're entering an "air pocket" in global liquidity despite the overall upward trend that began in October 2022. He examines the "hidden stimulus" from Yellen and Powell that's now fading, details why the US Treasury's bill-heavy financing strategy exposes government funding to interest rate risk, and discusses a theory about Trump potentially revaluing US gold reserves to generate a $1.25 trillion windfall. For investors facing 2025's "much more uncertain year," Howell advises caution and suggests that real assets—particularly gold—may outperfor Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia Links: Website: http://www.crossbordercapital.com/ Twitter/X https://x.com/crossbordercap Substack: https://capitalwars.substack.com/ Book: https://www.amazon.com/Capital-Wars-Rise-Global-Liquidity/dp/3030392902 00:00 Intro and welcome Michael Howell 01:25 - Current state of the global liquidity cycle and the emerging "air pocket" 03:50 - The hidden stimulus from Fed and Treasury that's now fading 06:16 - How bill-focused Treasury financing is effectively "monetizing the deficit" 11:04 - China's central bank actions and their global economic impact 15:54 - Signs of a potential Chinese policy shift toward economic growth 18:35 - Parallels between Trump and Nixon's economic approaches 21:37 - Asset allocation recommendations based on market regimes 26:58 - Analysis of where we are in the liquidity cycle and future projections 31:49 - Why China needs to devalue against gold and implications for US policy 37:49 - The growing global debt burden and limited options for resolution 43:43 - Why the Fed must expand its balance sheet by mid-2025 48:48 - Tariffs as a negotiating tool rather than an end goal 50:39 - Final advice: investors should consider adding resources/gold to portfolios as protection during uncertain times…

1
#239 Jeff Snider: The 'Recovery' Was Artificial - We Never Left the Last Recession 50:08

il y a 5 weeks50:08

50:08

Jeff Snider, host of the Eurodollar University podcast, returns to The Julia La Roche Show to discuss the current macroeconomic picture. Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia In this episode, Snider explains why we never actually left the 2020 recession - the apparent recovery was an illusion created by Fed rate cuts, election optimism, and front-loaded economic activity. The U.S. economy remains 5 million jobs short of a real recovery, with consumers feeling left behind as their purchasing power eroded. Snider warns of growing risks in China's banking system and argues that continued government intervention is making economic problems worse. He breaks down why the bond market has been signaling weakness since 2022 while stocks remain detached from fundamentals, and explains how the Eurodollar system connects global markets in ways most analysts miss. Jeff Snider is an expert on the global monetary system, specifically the Eurodollar money system, and all aspects of its misunderstood inner workings and how they impact global markets, commerce, and the economy. His podcast Eurodollar University (⁠ https://www.eurodollar.university/⁠ ) aims to educate the public on the evolution, nature, and nuances of the Eurodollar system and true monetary principles. Links: X https://x.com/JeffSnider_EDU YouTube https://www.youtube.com/@eurodollaruniversity 0:00 Introduction of Jeff Snider 0:54 Big picture macro view and recent market shift 2:14 Analysis of "artificial" economic factors 4:37 Consumer sentiment declining and job market concerns 5:40 Disconnect between economic data and real conditions 7:52 Missing context in economic recovery data 9:30 Housing market distortions and government intervention 11:52 Long-term consequences of pandemic policy 13:13 Discussion of growth scare vs. true recession 15:48 Market behaviors and bond market signals 19:18 Fed policy outlook and rate direction 22:30 Potential economic scenarios ahead 25:33 Challenges for investors in current environment 28:25 Base case economic outlook 31:14 Biggest risk and potential for financial shocks 34:48 Global interconnectedness and reserve currency effects 37:22 Path to positive outcome and economic reset 42:30 Problems with government intervention 45:08 Information about Eurodollar University 47:29 Closing thoughts on economic reality…

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#238 Larry McDonald: Why Trump Needs a Recession to Fix the Economy 34:56

il y a 5 weeks34:56

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New York Times’ bestselling author Larry McDonald, founder of The Bear Traps Report, returns to The Julia La Roche Show for episode 238 to discuss the markets and the economy. New York Times’ bestselling author Larry McDonald, founder of The Bear Traps Report, returns to The Julia La Roche Show for episode 238 to discuss the markets and the economy. McDonald explains why we're facing an engineered economic slowdown as the new administration tackles persistent inflation and massive debt issues. McDonald reveals how the top 10% now drives 60% of consumption, why hard assets like copper will outperform technology in our new stagflationary environment, and how "financial repression" may be the only viable strategy to manage our $37 trillion debt burden. Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia Links: How To Listen When Markets Speak: https://www.amazon.com/Listen-When-Markets-Speak-Opportunities-ebook/dp/B0C4DFVFNR Twitter/X: https://twitter.com/Convertbond Bear Traps Report: https://www.thebeartrapsreport.com/ 0:00 Introduction and welcome 1:25 Overview of fiscal stimulus and inflationary forces 3:50 Top 10% of consumers responsible for 60% of consumption 7:16 Treasury debt strategy and need to get rates down 9:16 Discussion of engineering recession to kill inflation 13:39 Market signals pointing to recession risk 15:42 Copper as a contrarian investment opportunity 19:50 Effects of job reshoring and war rebuilds on inflation 22:15 Hard assets outperforming in stagflationary environment 25:05 Issues with rapidly cutting government spending 26:38 New portfolio construction for inflationary regime 29:08 Bear Traps Report approach and financial repression strategy…

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#237 Dr. Judy Shelton: We're at a Monetary Crossroads, It's Time to Audit the Fed, and Demand Sound Money 33:30

il y a 6 weeks33:30

33:30

Dr. Judy Shelton, senior fellow at the Independent Institute and author of "Good as Gold: How To Unleash The Power of Sound Money," explains why the U.S. stands at a monetary crossroads requiring fundamental reform. She critiques the Federal Reserve's practice of paying banks billions not to lend, the distortionary effects of currency manipulation in international trade, and the moral implications of a 2% inflation target that systematically erodes savings. Shelton argues for auditing the Fed, restoring accountability, and considering gold-linked bonds as a path toward sound money, which she describes as a foundational element of economic liberty consistent with America's founding principles. Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia Links: Book: https://www.independent.org/store/book.asp?id=143 X: https://x.com/judyshel 0:00 Introduction of Dr. Judy Shelton1:01 Overview of monetary crossroads and need for reform4:23 Discussion of needed monetary reforms and Fed critique6:36 Analysis of Fed's interest rate mechanism8:58 Explanation of Fed payments to financial institutions11:25 International monetary impacts and currency distortions13:34 Sound money as moral contract and possibility16:31 Historical support for gold standard from past presidents19:56 Critique of Fed's 2% inflation target22:09 Question about Fed serving public interest25:03 Central bank accountability issues27:51 Gold-linked bonds proposal30:22 Closing remarks and where to find her work…

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#236 Bob Elliott: 'Curb Your Enthusiasm' as Negative Growth Surprise Ahead 34:41

il y a 6 weeks34:41

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Bob Elliott, cofounder and CEO of Unlimited, which uses machine learning to create index replication ETFs of 2&20 style alternative investments like hedge funds, venture capital, and private equity, joins Julia La Roche on episode 236. Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia In this episode, Elliott shares why the economy faces a likely growth disappointment in 2025. He explains how both Fed policy and the new administration's focus on restricting immigration, cutting deficits, and increasing tariffs look less positive than expected. Elliott points to extremely high growth expectations priced into both stocks and bonds, while noting professional investors are showing the lowest conviction levels in nearly a decade amid policy uncertainty. Links: X: https://x.com/BobEUnlimited YouTube: https://www.youtube.com/@BobEUnlimited Website: https://www.unlimitedfunds.com/ 0:00 Introduction and welcome back 1:02 "Curb Your Enthusiasm" market outlook 2:50 Analysis of Fed policy and fiscal expectations 4:39 Discussion of inflation and tariff impacts 6:19 Growth expectations vs reality 7:36 Key risks for 2025 9:27 Bond yields and stock market valuations 14:12 Consumer sentiment and partisan impacts 16:38 Tech bubble comparisons and market setup 17:19 MAG-7 vs broader market earnings expectations 19:39 Fund manager positioning and low conviction levels 23:09 Retail vs professional investor positioning 25:52 Concerns about market timing and catalysts 28:37 Gold analysis and Eastern demand 31:46 Closing remarks and contact information…

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#235 Danielle DiMartino Booth: Disinflation Signs, Job Market Stress, and More Rate Cuts Than Expected 34:44

il y a 7 weeks34:44

34:44

Danielle DiMartino Booth, CEO and Chief Strategist for QI Research, a research and analytics firm, returns to The Julia La Roche Show for episode 235 to discuss mounting signs of disinflation and labor market stress in early 2025. She points to falling rents, rising vacancy rates, and a wave of both private and public sector job cuts that could force more Fed rate cuts than markets expect. DiMartino Booth warns about the confluence of student loan delinquencies, credit stress, and potential disruption to passive investment flows as demographic shifts and job losses impact 401(k) contributions. Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia A global thought leader in monetary policy, economics, and finance, DiMartino Booth founded QI Research in 2015. She is the author of FED UP: An Insider’s Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), a business speaker, and a commentator frequently featured on CNBC, Bloomberg, Fox News, Fox Business News, BNN Bloomberg, Yahoo Finance and other major media outlets. Prior to QI Research, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas. She served as Advisor to President Richard W. Fisher throughout the financial crisis until his retirement in March 2015. Her work at the Fed focused on financial stability and the efficacy of unconventional monetary policy. DiMartino Booth began her career in New York at Credit Suisse and Donaldson, Lufkin & Jenrette where she worked in the fixed-income, public equity, and private equity markets. DiMartino Booth earned her BBA as a College of Business Scholar at the University of Texas at San Antonio. She holds an MBA in Finance and International Business from the University of Texas at Austin and an MS in Journalism from Columbia University. Links: QI Research: https://quillintelligence.com/subscriptions/ Twitter/X: https://twitter.com/dimartinobooth Fed Up: https://www.amazon.com/Fed-Up-Insiders-Federal-Reserve/dp/0735211655 Timestamps: 0:00 Welcome and introduction 1:10 Analysis of Fed minutes and debt ceiling impact 2:04 Discussion of Treasury general account and liquidity 3:50 MBS rolloff implications 5:18 Private sector layoffs and bankruptcies 8:20 Labor market conditions and Uber driver earnings 9:31 Initial jobless claims analysis and Fed outlook 11:23 Rent and housing market dynamics 13:36 Disinflationary trends and shelter costs 15:54 Student loan impact on credit scores 16:54 Housing market inventory and spring selling season 19:49 Senior housing opportunities 20:50 White collar recession analysis 23:50 Discussion of Doge savings and flat tax proposal 26:18 Potential stimulus impact on inflation 27:58 Passive investing risks and TSP analysis 32:01 Closing remarks…

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#234 Bill Fleckenstein: 'Doing Less Rather Than More' as Markets Enter Honeymoon Period | Gold's Strange Strength, Government Waste, and the Passive Bid Risk 46:02

il y a 7 weeks46:02

46:02

Bill Fleckenstein, founder and president of Fleckenstein Capital, returns to The Julia La Roche Show for episode 234 to discuss markets in 2025. He explains why he's waiting to see how new government initiatives play out before taking strong market positions, while maintaining significant precious metals exposure. Fleckenstein emphasizes that the passive bid remains "the elephant in the room" in markets, warns about government waste revelations, and explains why gold continues to show unexpected strength. Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia Links: Book: https://www.amazon.com/Greenspans-Bubbles-Ignorance-Federal-Reserve/dp/0071591583 Twitter/X: https://twitter.com/fleckcap Website: https://www.fleckensteincapital.com/ 0:00 Introduction and welcome 0:47 Big picture macro view and bond market analysis 7:17 Discussion of Social Security numbers and potential fraud 8:10 Market assessment and passive investing dynamics 9:40 Gold market analysis and central bank buying 15:01 Analysis of gold revaluation proposals 16:40 Debt discussion and DOGE initiatives 21:44 Bond market dynamics and 30-40 year cycles 24:16 Fed policy outlook and potential rate cuts 26:07 Economic impact of government workforce changes 28:26 Silver market outlook 31:00 Passive bid impact on markets 34:03 Dollar outlook and Japanese yen analysis 36:02 Concerns about government agency revelations 39:05 Warning to younger investors about passive investing 41:00 Discussion of market structure vs traditional bubbles 44:42 Closing remarks and contact information…

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#233 Michael Pento: The Great Asset Bubble Reckoning is Coming, Why We Could See A 50% Correction 37:34

il y a 8 weeks37:34