Transcripts
Erik: Joining me now is our first feature interview guest this week, Julian Brigden, founder of Macro Intelligence 2 Partners.
And of course Julian is famous for his terrific macro slide decks. He has prepared another of those for today’s interview. We strongly encourage you to download that handout from the Research Roundup email, where you can find the link.
If you don’t have a Research Roundup email, which means you’re not yet registered at MacroVoices, just go to our home page at macrovoices.com, look for the red button that says Looking for the Downloads? next to Julian’s picture.
Julian, it’s great to have you back. Before we dive into your slide deck, it’s an FOMC week. Let’s talk about the FOMC statement and market reaction to it.
What’s your take?
Erik: Joining me now is Russell Napier, who of course is the founder of ERIC – not my name, Erik with a K – but Eric with a C, an acronym for the Electronic Research Interchange. And of course it is a very prominent website for the sale of institutional research to institutional investors.
Russell, it’s great to have you back on the program.
You know, ever since the 2008 financial crisis, I’ve predicted that eventually this response of encouraging even more borrowing would eventually set us up for another credit crisis in the United States. Well, so far, I’m either very, very early or very, very wrong. And of course in this business, very early equals very wrong.
Is there objective reason – I know that you are much more deeply in touch with the data than I am – to expect another credit crisis either in the United States or elsewhere in the world?
Erik: Joining me now is Grant Williams, the editor and publisher of Things That Make You Go Hmmm, perhaps one of the best-regarded newsletters in the industry.
Grant, something that has gotten my attention and I know has yours, and it has the attention of I think the smartest people in the investment industry, is not really just about investments. It’s about using our skills as investors to recognize there’s things going on in the world that are a really big deal. And they have investment implications for sure.
But the social implications, I think, are more important. Give us a quick outline, for those people who don’t read your newsletter, what’s on your mind with respect to civil unrest and the social fabric degradation that’s going on around the world?
Erik: Joining me now is Katusa Research founder, Marin Katusa.
Needless to say, the gold market is really, really heating up, folks. And I don’t mind admitting on the air that I was wrong at the end of last year. I really thought we would get down to probably $1,420 or so before eventually this market really took off, which I’ve always expected that it would.
And, sure enough, true to form, gold has broken out of its bull flag formation a lot sooner than I expected it to. And it looks like we’re off to the races.
Marin, let’s start with the big picture on gold and where we stand with gold. What do you see coming? And, particularly, right now we’ve got a lot of geopolitical risk with Iran and everything else going in. Is it possible that this breakout is a false alarm and we really are still headed back down to $1,400 or lower?
Erik: Joining me now as MacroVoices’ final interview guest for this decade is Dr. Pippa Malmgren.
Pippa, you have been just on the leading edge of so many things. I think it was two, maybe three, years ago you first started talking about quantum computing. And nobody knew what the hell you were talking about. And of course today it’s one of the hottest stories going. You were really on the leading edge of that.
Now, recently you’ve been paying attention to something called the knowledge-doubling curve. What does that mean?
Pippa: So there is a guy called Buckminster Fuller. He’s the one who invented the geodesic dome.
He was a remarkable scientist who estimated that by the year 1900, the information, the knowledge of the human race was increasing at a rate of about twice every 250 years. In other words, every 250 years you would double the knowledge of the human race.
But by 1900, it was doubling every century. In other words, much faster.
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