All-Stars #77 Luke Gromen: You’re a conspiracy theorist if you call monetization ‘monetization’!

Macro Voices

Hedge Fund Manager Erik Townsend

Business, Investing, Business:investing

4.8 • 3.4K Ratings

🗓️ 13 November 2019

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

All-Star Luke Gromen returns with an update on monetary policy and market outlook. Link: http://bit.ly/2qSMRje

Transcript

Click on a timestamp to play from that location

0:00.0	This is a special edition of Macrovoises with hedge fund manager Eric Townsend.
0:14.2	The premier financial podcast targeting professional finance, high net worth individuals, family
0:19.8	offices, and other sophisticated investors.
0:23.0	Now for this special edition of Macrovoises, here's hedge fund manager Eric Townsend.
0:29.9	Macrovoises All Stars episode 77 was recorded on November 11, 2019.
0:35.7	I'm Eric Townsend.
0:37.4	Forrest for the trees founder Luke Groman is back with us today.
0:41.2	This episode of Macrovoises is brought to you by top traders on plug.com, which happens
0:45.8	to be my own favorite podcast when it comes to quant and rules based investing.
0:50.8	Check them out, you'll be glad you did.
0:52.6	Luke, it's been a while since we've spoken what's got your attention recently.
0:57.0	Hi Eric, thanks for having me back on.
0:58.7	Last time we talked was, I think it was around October 14, so that was just three days after
1:04.4	the Fed had been forced in to begin growing their balance sheet again by 60 billion per month.
1:09.7	Back then we said the following, quote, we've been saying that the Fed would be forced
1:13.4	into this position and on Friday they were forced into it and Kaplan just admitted it.
1:18.6	The narrative of the Fed's response to the repo spike, it's just temporary and technical
1:23.0	just failed.
1:24.5	In our view this sets up some really interesting opportunities for investors position.
1:28.7	We then talked about why the narrative was failing, what that meant, and you asked us,
1:34.8	what opportunities we saw developing to which we noted the following, which was, quote,
1:39.0	our bet all along has been that the US government will not let itself go out of business for
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Hedge Fund Manager Erik Townsend, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Hedge Fund Manager Erik Townsend and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.