Currently by Prometheus

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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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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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Follow Kyle on twitter

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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... 

Prometheus website: https://prometheusalts.com/ 

iOS App: http://apple.co/3C9bPNY 

Web App: http://app.prometheusalts.com 

Studio Prometheus: https://studio.prometheusalts.com/ 

Podcasts 

Prometheus Decoded: https://apple.co/3hSIxvx 

Currently by Studio Prometheus: https://apple.co/3WuF4SX

Today Ryan Pallotta breaks down what's happening with Josh Goltry. Josh is the Founder and Chief Investment Officer at JAG Capital.  

This entire chat focuses on the collapse of what was, until recently, the third-largest crypto exchange by volume—FTX.  

Josh starts by describing his initial thoughts on the story when it broke, listing a slew of incongruencies that were beginning to arouse suspicion around Co-Founder Sam Bankman-Fried.    

He then describes how so many seemingly sophisticated investors bought into what amounts to a Ponzi scheme and talks us through what he describes as "piggybacking."  

Josh then talks about how FTX's collapse could be a good thing for crypto in the long term and what this all means for the last major crypto onramp in the US—Coinbase.

Today, Ryan Pallotta breaks down what's happening with Josh Goltry. Josh is the Founder and Chief Investment Officer at JAG Capital. 

Josh explains how remote work may lead to grossly inaccurate job figures and describes the time it takes for macroeconomic influences to be felt at the micro level.  

He and Ryan talk about why the dollar's strength is bad news for multinationals with US expenses, adding that the negative impact of the stronger dollar will be felt more keenly in Q4.   

Josh then weighs in on an intriguing conspiracy theory that suggests TikTok—which he calls "digital opium"—exists to make people outside of China dumber while the domestic version—Douyin—is intended to make domestic users smarter.

Josh then talks about how a red wave could hasten a ban on TikTok in the US and predicts that a total ban could result in Meta's share price doubling in a day. 

Download the Prometheus iOS app:

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Today Ryan Pallotta is talking with Dan Zwirn, CEO & CIO at Arena Investors, LP.

Their chat begins with a look at the current maelstrom of macroeconomic events through a historical lens.  

Dan compares the tumult of 2022 with that of the late 1960s and reminds us that we've never seen the sort of environment we see today without it leading to a full-blown panic. 

He then talks about how the way in which British PM Liz Truss's message was packaged and delivered destabilized the UK's credibility and caused a wholesale reevaluation of its economy. 

Dan goes on to detail the four main ways in which Arena insulates its investors from macroeconomic trends and market directionality and offers everyday investors advice on how to navigate what could be a long and deep recession. 

Arena Investors, LP: 

https://www.arenaco.com/

https://www.linkedin.com/company/arena-investors-lp/

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Today Ryan Pallotta is talking with Daniel Clifton, Partner and Head of Strategy research at Strategas Research Partners.  

With the mid-terms right around the corner, Daniel explains how he helps institutional investors make decisions as the political landscape shifts and policies change. 

He describes a model that Strategas employs for predicting the outcome of presidential elections and explains why this model has gotten just about every election right, including 2016. 

Daniel then talks about why he thinks the current environment is reminiscent of 1968, then indicators that will give us a better understanding of the depth and severity of the seemingly inevitable recession. 

Daniel leaves us with a slew of predictions concerning the mid-terms, the outcome of the 2024 presidential election, Jerome Powell continuing to chair the Fed, and an October surprise from Vladimir Putin.

@DanCliftonStrat
https://twitter.com/dancliftonstrat/

https://www.strategasrp.com/

https://twitter.com/strategasrp/

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Today Ryan Pallotta is talking with Alon Rosin, Managing Director and Head of Institutional Equity Derivatives at Oppenheimer & Co.

Their chat begins with an appraisal of the current state of the market, with Alon describing what he calls the battle between "economic reality and investor positioning."

Alon then gets into some specific portfolio management strategies. He explains why, with a lot of volatility in the market, it's a good time to use options. 

He also touches on the benefits of professional money managers, remarking that even sophisticated investors use the talents of other investment professionals with strengths in other areas. 

Lastly, Alon and Ryan discuss the ramifications of work-from-home and hybrid models, honing in on career longevity, productivity, and real estate. 

Today's discussion begins with the big shake-up in Shopify's (SHOP) management team, specifically the appointment of Jeff Hoffmeister as CFO. 

Josh explains how tech companies hiring Wall St veterans signals their maturity and talks about the possibilities of Shopify expanding into banking and loans for the companies it supports.  

Josh and Ryan then chew over the stickiness of cybersecurity with Josh, explaining why, if you're a CSO at any company, it's the last part of the IT stack you eliminate. He also gets into why he's so bullish on Crowdstrike (CRWD).  

While Josh maintains that Nvidia (NVDA) is his favorite company, he lays out why he reduced his position by almost 100% and at the price at which he's looking to reenter. He also shares his thoughts on why the CHIPS act is far too little, far too late. 

Lastly, Josh and Ryan discuss Tesla (TSLA). The prospect of the company mining its own lithium and why, like Apple, greater vertical integration is likely to improve their product. They also address the fact that no other company has a bigger key-man risk than Tesla. 

In this episode of Currently, Kyle Bass talks to us about his incredible project, Conservation Equity Management. This project almost sounds too good to be true. We love Kyle's excitement when he talks about his passion for the outdoors and how he can bridge his investing ability with wildlife and land conservation. Rehabilitating thousands of acres of land while creating venture-like returns is a departure from investing behind a Bloomberg terminal.

Kyle is also a macroeconomics master. We talk about how the central banks are driving a global recession, where the economy is going, why we have not seen a market bottom yet, and how investors can navigate this by investing in hard productive assets.

We then dive into Kyles's current concerns about China and discuss how an invasion of Taiwan is inevitable. This serves as a segue into a history lesson on Russia, the global energy crisis, and the cold reality facing much of Europe as we get into winter.

Enrique Abeyta is a veteran "stock market warrior" and financial newsletter editor who chews up Twitter with an array of unfiltered perspectives on what's happening in the world and the world's markets.

Asked about what we should make of the return of meme stock activity, Enrique suggests that it could indicate a speedier market recovery than many expect. 

He goes on to describe why this is the most target-rich environment for long-term, multi-baggers that he's seen in thirteen years and talks about the pitfalls of not having a set idea about the kind of investor you are. 

Enrique later talks about his e-commerce platform Project M and how the company is poised to drop a new small-run vinyl project incorporating both NFT and NFC (near-field communication) technology. He explains that to be successful in e-commerce in 2022, products need to be rarer and more differentiated than ever before.

Jason Trennert is Chairman and Chief Executive Officer of Strategas and its related companies. 

The podcast starts with Jason explaining why he wrote his 2015 book My Side of the Street: Why Wolves, Flash Boys, Quants, and Masters of the Universe Don't Represent the Real Wall Street and why it remains relevant today. 

After describing how his passion for intelligence-gathering informs how he looks at investments, Jason lays out the three fundamental principles underpinning the way he does business. 

Jason then voices his skepticism about Wall Street's prediction that profits will be up next year, given that a recession seems inevitable. He also airs his concerns about tech companies valued on revenue growth and not growth in earnings or cash flows.   

Lastly, Ryan and Jason talk about the price activity of Bed Bath and Beyond (BBBY) in recent weeks. He explains that meme stocks are damaging confidence in the system and companies' ability to raise money.