Last week I was able to get Chris MacIntosh on the podcast, and it was a fascinating conversation. We talked about the different cycles that are all converging, the geopolitical situation in Europe, and opportunities in different commodities and South America. He’s very sharp on a bunch of different topics, from history to financial markets and everything in between. If you want to find his website or his Twitter, I have included links below.
Podcast Summary
The current geopolitical situation and the cyclical nature of history.
How different cycles are all lining up right now, from the debt cycle, the monetary cycle, the commodities cycle, and the 250 year revolutionary cycle.
The capital rotation on the horizon, and why gold is typically the first mover on that front.
How the economics in Europe are driving their decision making, why he thinks we will see capital flight out of Europe.
Capital controls, and how they are masked as regulatory controls in Europe.
Why he thinks we could be headed for stagflation and why he thinks this commodities cycle will be driven by supply constraints instead of booming demand.
Energy is typically the best performing asset in stagflationary cycles.
Why they are fairly heavy in the energy sector, which has some of the cheapest assets on the planet, particularly in the offshore oil services space.
How shipbuilders are another constraint worth watching.
The potential supply squeeze setting up in coal, and how coal has been starved of capital for years.
Why he is bullish on South America, and very bullish on Argentina in particular.
Avoiding bonds because of where we are in the cycle.
The formation of geopolitical blocks around the world.
Why Venezuela as the wild card in South America.
Trump’s negotiating style, and why Canada is in a weak position.
Book Recommendation: 180 Degrees: Unlearn The Lies You've Been Taught To Believe by Feargus O’Connor Greenwood.
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