DANGER: We've Got The Most Concentrated Asset Exposure to the Most Expensive Markets

Рет қаралды 12,729

5 ай бұрын

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Today’s guest is Whitney Baker, founder of Totem Macro. She previously worked at shops like Bridgewater and Soros.
In today’s episode, Whitney explains what led to $500 billion in money expansion last year and why that’s driven recent performance in asset prices. She discusses the challenge the Federal Reserve faces as they try to balance inflation concerns with the need to support asset prices.
Finally, Whitney talks about the huge opportunity she sees in emerging markets today and which countries have attractive valuations and troughing conditions.
To see links or read the transcript of the episode, visit us at mebfaber.com/2024/03/01/whitn...
(0:15) - Welcome to our guest, Whitney Baker
(0:33) - Whitney’s view of the macro landscape
(3:26) - What led to the money expansion the past few months
(13:35) - The challenge the Fed faces
(29:36) - Opportunity in emerging markets
(39:24) - Interesting markets to keep an eye on
(46:41) - What leads to Whitney seeing an investment opportunity (57:35) - Update from Whitney on launching a new fund
(1:02:49) - Whitney’s view on gold
(1:05:55) - Larry Summers Tweet
(1:09:31) - Whitney’s most controversial viewpoint
(1:13:22) - Using useful resources from history
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Пікірлер: 40

@nickthequick 5 ай бұрын

Ms Baker is incredibly clear and eloquent in her razor sharp diagnosis of the current state of US and global financial affairs. Another great interview, thank you.

@dacruztrading 5 ай бұрын

This is one of the best interviews that i saw in a long time. Accurate as hell. Thanks

@KK-pm7ud 5 ай бұрын

She's a firehose of information. I concur that this is a great interview.

@BoBear79 4 ай бұрын

Wow! She is brilliant! Excellent guest -- my first introduction to her. I'd love to put her and Lyn Alden in a room together and just listen. I spend most of my time separating the signal from the noise (a 98% to 2% ratio, IMO). Thanks for providing this interview as a prime example of the 2% that actually moves the needle in terms of education and understanding. 👍

@martinmcdade3433 4 ай бұрын

All I could add is adding Tavi Costa to the duo

@SeniorSnomad 4 ай бұрын

"I'd love to put her and Lyn Alden in a room together and just listen." I had the exact same thought. Two brilliant young women.

@freddonson5436 5 ай бұрын

Whitney, thank you for the education. What an excellent explanation. Meb, thank you for continually providing the best content, really do appreciate your take.

@darrenritsick4219 5 ай бұрын

Fantastic episode - Whitney is outstanding

@jays9870 4 ай бұрын

Great conversation; thank you both.

@MunnyLerner 4 ай бұрын

She is fantastic! New fan here - she's extremely detailed but can put the dominos in order so you can watch how they fall!

@RetirementReadyPortfolio 3 ай бұрын

WOW, what a great guest, the knowledge level is off the charts.

@mvexler Ай бұрын

She brings clarity to the place where others just mumble😊

@ggttuuxx 3 ай бұрын

Fav quote;: "So they [the Fed] are frailing around like one of those balloon guys in front of car dealerships."

@jdedad 4 ай бұрын

I feel like the BORG took me away after listening to this 😂

@timothyrday1390 4 ай бұрын

Love the guest. 👍

@georgivankov8366 4 ай бұрын

One of the best interviews, explaining US government ponzi scheme.

@AdamGettings 4 ай бұрын

She’s really smart. Great interview.

@ggttuuxx 3 ай бұрын

Excellent guest, Meb. Watched it twice. Must have been difficult trying to digest it real time and come up with questions.

@nunoalexandre6408 4 ай бұрын

Love it!!!!!!!!!!!!!!!

@edreeves121 3 ай бұрын

Excellent.

@user-jj2gm9tw5r 4 ай бұрын

Wow. She's incredible

@bradynields9783 4 ай бұрын

Is The Fed responsible for printing money or bank reserves?

@eikoGoldstein 4 ай бұрын

Responsible? The Fed controls the printing presses which make money(currency) out of paper and and metal. Examine your dollar bill. It says: Federal Reserve Note. The Fed can also create money in the form known as bank reserves, by electronically crediting banks. While it is authorized to manipulate the supply of money at its own discretion, (to accomplish its mandate) it must also respond to lawfully authorized requests, to make sure the Treasury has funds to accomplish the tasks set for it by the Congress. When the Fed purchases debt issued by the Treasury, this is called monetizing the debt and it can be noted on the Fed's balance sheet.

@AlexPrimus 4 ай бұрын

Amazing interview. It's too bad her Macro site doesn't cater to the average Joe Investor. Would subscribe in a heartbeat.

@user-rs2on2ss2f 4 ай бұрын

thought invoking interview, thank Meb.

@timtagg8727 3 ай бұрын

Dang she was right

@TheChismillionaire 4 ай бұрын

Wow, she is razor sharp. Meb you need a co-host.

@westmorelandgreasy348 4 ай бұрын

Geez, this gal is brilliant.

@mvexler Ай бұрын

The top of her league!

@zacharylockhart4550 2 ай бұрын

My god. 😍

@George-Aguilar 5 ай бұрын

Great interview but you need to step up your microphone MB. Her voice is quality yours sounds muffled.

@nkristianschmidt 5 ай бұрын

no charts?

@KK-pm7ud 5 ай бұрын

Grab a piece of paper and a pen. Place that paper on a table and then draw a hockey stick. There is your chart.

@nkristianschmidt 5 ай бұрын

@@KK-pm7ud Sry, did not understand.

@frankwoodbery2473 3 ай бұрын

@@nkristianschmidt - just a not so subtle way of saying INFLATION is here

@nvda2damoon 4 ай бұрын

keep in mind... these people talk a good game, but 90% cannot beat the S&P.

@ggttuuxx 3 ай бұрын

So why do you keep listening? By "These people" you are grouping together a whole variety of people, including those that are 10 times smarter than you and have got 10x better return than you, and also people who just BS the whole way. Meaningless to group them together and make a generalized sour comment.

@the_investor9836 2 ай бұрын

Beating the market is not as hard as it is made out to be honestly. I beat the market and part of how I do that is being receptive to new ideas and learning new things.