There were a number of Timely Interviews worth sharing on current market condition. I am presenting two of these interviews with you that I believe are important to the next few weeks and months. These interviews are from Hedge fund Managers. There are well thought out and shared or in the case of Blockworks Macro Interview discussed with agreement but differences on driving factors behind the similar conclusions.
The Blockworks interview is with Dan Tapiero. Dan is the Founder, CEO and Managing Partner of 10T. Dan brings 30-years of experience in macro and commodity investing and trading, research and economics, as well as entrepreneurship.
In this article the key point discussed is the leading indicators on the economy tell Dan that a severe slow down in happening in the economy now. The Fed, in waiting to actually “see” the impact in the economy two to four months in the future, in Dan’s view, is behind the curve in its interest rate hike cycle. Another half or three quarter hike in July interest rate is not needed but will cause greater damage to the market and economy than is needed. In his view, the inflation issues are not too much money chasing spending but supply constraints that are not solved by raising interest rates.
Nearest term impact time lines for the market:
Blockworks Macro Interview With Dan Tapiero. The Fed is Crushing the Economy – Saturday June 18, 2021. 76 minutes 19 sec.
The second Interview at Kitco, is with Swiss money manager, Matthew Piepenburg of Matterhorn Asset Management.
Financial Sanctions against Russia have ‘backfired dramatically’ – Matthew Piepenburg. Kitco Interview done on about June 13, 2022. 23 minutes
Piepenburg discusses what the sanctions have done to speed up the decline of the Us dollar as the global reserve currency. Lifestyle in the USA have benefited over fourth years from the United States with the United States has been able to export its inflation to other countries because of the US Dollar being the global reserve currency. Russia has now agreed to accept the India Rupee as payment for Oil. Yes, Russian oil payment – not in Rubles or gold but in Rupee. Saudi Arabia has agreed they would accept payment for oil from China in Chinese Yuan. This is an acceleration of the declining status of the US Dollar. Piepenburg is positive on gold. Piepenburg is very articulate and an excellent communicator.
- If you have interest and time, these are informative.
Bonus recommendation I:
If you have time the following are excellent presentations. In the case of the first case India is buying oil from Russia in Indian Rupees at $90 per barrel with the international price of oil is at $120 per barrel. Russia is now India’s second largest supplier of oil. Iraq is the number one supplier of oil to India.
WION – 47 minutes.
Not in this interview but in a previous interview on WION is a presentation about a Transit route from Saint Petersburg to the Caspian Sea to Iran and then by sea again to India. This is a totally new transit route from Russia to India that cuts time in half from the previous route through the Black Sea, the Mediterranean, the Red Sea and on to India. India and Russia are building on their relationship. Why is this important? The USA has declining influence in China, Russia, India, the Middle East and SE Asia. This is a large percent of the global population. Too big to ignore in comfort. A declining US Dollar, our abandoning our allies and friends in Afghanistan are contributing factors to our declining influence abroad. Something to consider.
Bonus recommendation II:
Maybe the most powerful Interview I watched is from Macro Voices’ interview with Dr. Anas Alhaajji.
The title is “There is No Escaping the coming Energy Crisis.” This interview is a reality check on the Green Movement – Oil and Gas position in the world economy and how little a shift to Electric Vehicles and Alternative Energy will have on global pollution and climate change.
It is 1 hour and 32 minutes long and filled with key information. Alhaajji is a world recognized expert in the energy market. He is a personal friend with many in the Saudi royal families. He advises governments, companies, financial institution and investors on various energy markets issues. He focuses on oil and gas market outlook, energy geopolitics, energy security, and the impact of disruptive technologies on the supply and demand of energy. Before his recent role as a Managing Partner at Energy Outlook Advisors LLC, he was the former Chief Economist of NGP Energy Capital Management. He led the Firm’s macro-analysis of the oil, natural gas and related markets as well as the overall economic environment. He was responsible for the short-term and long term outlooks for oil, natural gas, NGLs, and LNG markets.
Also see what is happening in Australia at this moment with energy.
Australia’s energy crisis explained | SBS News – 4 minute video
Have a good week!
LOTM Research & Consulting Service
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