$41 billion VAPORIZED! The Terra LUNA/UST implosion, algorithmic stable coins, and the outlook for crypto w/ Henry Elder

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(0:00:07) - The Future of Trust

US debt ceiling debate, increasing interest payments, inflation, Biden's strategy, potential implications of default discussed.

(0:07:43) - Fed Tools and Tech's Economic Impact

US debt ceiling, Fed tools, 'printing press', GFC, human trust, and technology's speed are discussed.

(0:13:12) - Chat and AI Transformation Power

Chat GPT is a transformative technology used to facilitate projects, create content, and quickly assemble syllabi.

(0:21:40) - AI's Implications for Productivity and Investment

AI and GPT are transforming markets, accelerating vaccine development, aiding professional investors, and helping retail investors access alternative data.

(0:27:19) - AI and Blockchain Power and Potential

(0:36:00) - Crypto Value and Adoption Future

Crypto assets, fraudulent activity, adoption of crypto as payment, and AI/chat GPT are discussed in relation to the potential of a Ponzi scheme.

(0:41:47) - Crypto Investment Future

(0:48:52) - AI and Trust in Banking

(0:58:33) - Python, Creativity, and Health Hacks

AI, recipes, investing, diet, breathing, mind-gut connection, and virtual reality are discussed to help users become more creative and age gracefully.

(1:16:30) - Household Deposits and the Economy

(1:23:31) - AI and the End of Scarcity

Check out the Prometheus platform for more expert financial content. Invest in alternatives and become a better fund manager.

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Desktop app

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Marko Papic leads Clocktower’s strategy team, providing bespoke research to clients and partners on geopolitics, macroeconomics, and markets. Prior to joining the firm, Marko founded BCA Research’s Geopolitical Strategy practice (GPS) in 2012. Marko began his career as a Senior Analyst at Stratfor. He holds graduate degrees from UT Austin and the University of British Columbia.

0:07:45 - Yield Curve and COVID Fiscal Response (41 Seconds)

0:11:44 - Fed Cuts Rates and Consumer Response (68 Seconds)

0:14:38 - Inflation and Interest Rates (60 Seconds)

0:18:06 - Presidential Influence on FMC Leniency (93 Seconds)

0:24:22 - Impact of American Elites on FOMC (90 Seconds)

0:32:43 - Geopolitical Pornography and Containing China (53 Seconds)

0:45:34 - Emerging Market Commodities Bullish Case (79 Seconds)

0:52:46 - Debt Ceiling Debate (34 Seconds)

1:06:34 - Lakers vs. Golden State (69 Seconds)

Follow Marko Papic on Twitter https://twitter.com/geo_papic?lang=en

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Today's conversation focuses on the following:

• Whether the recent trouble in parts of the banking sector speaks to a much broader breakdown in the financial system.
• The differences between the failure of Silicon Valley Bank and Signature Bank of New York.
• The Fed's role in setting the stage for this crisis to happen.
• The advent of “Twitter-fuelled” bank runs.
• Whether the $250k insured by the FDIC is an arbitrary figure and what it should be.
• 2018's regulatory rollbacks.
• Philosophies and processes for investing in this environment.
• The prospect of seeing new market lows due to last week’s events.
• The damage to investors' confidence in banks' stability
• Strategies and financial instruments that could limit bank runs in the future.

Herb Greenberg has spent over 40 years as a financial journalist at some of the country's leading newspapers, websites, and broadcast media. He is currently a senior editor at Empire Financial Research.  

Enrique Abeyta is also an editor at Empire Financial Research. The 25-year stock market warrior and former hedge fund manager is also the writer and owner of Inked Magazine, REVOLVER Magazine, The Hard Times, the Co-Founder of Hard Money, and the host of Hard Money's Million Dollar podcast. 

Alex Beinfield is the Founder and CIO of hedge fund Blue Duck Capital. Alex has been short Silicon Valley Bank (SIVB) since September 2022 and was short Signature Bank of New York (SBNY) just before it failed. 

Short SVB since September 2022, Alex Beinfield shares his investment process explaining how he created his thesis for this massive short idea long before SVB collapsed. How a professional fund manager examines a theme and makes a trade that makes him look like a psychic. We also talk about other lateral opportunities that will happen as a result of this. 

Today, your host Ryan Pallotta is joined by the author of the Rosen Report and industry expert Eric Rosen.

Today’s conversation focuses on:

• The Silicon Valley Bank (SVP) collapse. What led to it and what it means for investors.
• The Fed being partially to blame for banks like SVB needing to take on more risk by keeping rates so low for so long.
• SVB’s failure to keep a “fortress balance sheet" and take responsibility for its decisions.
• Eric’s assessment of Bear Stearns prior to its 2008 collapse and subsequent sale to JP Morgan Chase.
• What the 2/10 UST yield curve inversion tells us about the probability of a recession.
• The migration of HNW people to south Florida and its effect on high-end real estate prices.
• The recent phenomenon of kids being less enthusiastic about learning to drive and owning a car.

Today, your host Ryan Pallotta is joined by the author of the Rosen Report and industry expert Eric Rosen.

Ryan and Eric kick things off by talking about Wall Street legend Carl Icahn, with Eric recounting a memorable dinner he shared with the man Gordon Gecko was—in part—based upon.  

Eric gives his thoughts on an expected interest rate hike of 25 basis points and the squeeze consumers are starting to feel with auto and credit card delinquencies on the rise and credit card and mortgage balances at an all-time high.  

He then talks about a greater than zero chance of the US government being temporarily unable to pay its debt and the knock-on implications of that. 

Lastly, Eric shares why he thinks EV goals are unrealistic and why the government should be enticing big oil companies with a carrot rather than beating them with a stick.

Today Ryan Pallotta is joined by Jordi Visser, a true legend in the alternatives world. Jordi is President and Chief Investment Officer at Weiss Multi-Strategy Advisers

Jordi is a master at using analogies to explain complex financial ideas. Ryan quickly gets Jordi to open up about their shared love for the philosophies of Moneyball and Bill James, perfectly teeing Jordi up to answer his question: "If everyone has started embracing analytics, how does one achieve alpha?"  

They talk about Jordi's latest whitewater Adapt or die 3.0—something everyone should read—discuss why alts are crucial in today's economic environment. Jordi then explains how Weiss is preparing to tackle 2023.

Jordi then touches on his views in China, what the Fed will do in 2023, and how we have to shift our investing perspectives based on Marc Andreessen's ABCs. He even tells us how accompanying his dad to the horse track put his financial education on a fast track.  

Later, the conversation turns to Jordi's passion for longevity; how mind and body health makes you a better investor; the importance of sleep; and how using data can improve your physical health as it does with your financial well-being.

Today's episode is an exceptional one. Some of the world's most interesting financial professionals review 2022 and share their predictions for the year ahead. 

Host Ryan Pallotta is joined by JAG Capital's Josh Goltry, Blue Duck Capital's Alex Beinfield, Wall Street veteran Eric Rosen and Prometheus Founder and CEO Michael Wang. 

The result is a rollicking hour and change of roasts and —a heaping helping of insight into how these professionals navigated a tumultuous 12 months and how they plan to thrive in 2023. 

Personal wins and losses are shared, predictions are proffered and challenged, statistics are interpreted, theses are scrutinized, strategies are discussed, heroes are lionized, villains are denounced, and a lot of laughs are had along the way.

Check out what these pros are saying on the Prometheus app for free using the links below! 

Eric Rosen 

https://app.prometheusalts.com/profil... 

https://substack.com/profile/34844298... 

https://twitter.com/ericrosenreport/ 

Alex Beinfield 

https://app.prometheusalts.com/profil... 

Josh Goltry 

https://app.prometheusalts.com/profil... 

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