Yesterday I had Chris Irons (Quoth the Raven) on the podcast for the first time. We talked about his view of financial markets, the geopolitical situation, and the changes he sees on the horizon over the next year. He also laid out his view on the AI Capex bubble and the various funding mechanisms, what could prick the bubble, and why he expects yield curve control and inflation to be the path of least resistance moving forward. It was a great conversation and I’m already looking forward to round two for an update on how things are developing over the coming months. You can find Chris on the QTR Substack and on Twitter.
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Podcast Summary
Why positive real rates have been draining excess liquidity from the system.
The AI Capex bubble and the circular nature of the financing in the sector.
The potential for yield curve control and other policies that would kick the can down the road.
Why he expects a resolution in the Middle East and Ukraine at some point in the next six months.
The midterm situation and why it will be ugly for Republicans.
The current system of crony capitalism and the corruption in D.C.
Immigration problems and the positive steps by the Trump administration to close the border.
How the passive bid and the options market has held markets up, and the potential for those dynamics to work in reverse in the future.
Book Recommendation: The Big Print by Lawrence Lepard.
