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Real Vision: Finance & Investing

Making Sense of Massive Change

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.11.1K Ratings

🗓️ 26 March 2022

⏱️ 13 minutes

🧾️ Download transcript

Summary

Russell Clark, one of Real Vision’s favorite guest-personalities, returns for another engrossing conversation with Raoul Pal. Russell always brings fresh perspectives, and Raoul is always keen to draw on his current thinking to help make sense of what’s happening around us. In short, Russell’s current sense is that everything has changed. In a far-ranging conversation, Russell and Raoul weigh the impact of innovations such as extracting oil and gas from shale, the ongoing center-of-gravity shift from capital to labor, and the vulnerabilities of centralized risk management. Russell notes that clearing houses are now the center of trading activity; they price risk differently than central banks, and he describes how that works and how that doesn't work. “The collateral,” says Russell, “can never go bust.” The world is changing, rapidly. This is a great way to catch up. To read more of Russell's work, visit www.russell-clark.com. Recorded on March 1, 2022. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:26.7

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0:30.2

Alright, what's up everyone. This is the weekend edition of the Real Vision Daily Briefing.

0:34.4

And in this clip, you're going to hear a great conversation between Ralph and one of Real Vision's

0:39.4

favourite guest personalities, Russell Clark, discussing the impact of innovations,

0:43.8

such as extracting oil and gas from the shale, the ongoing centre of gravity shift from

0:48.3

capital to labour, and the vulnerabilities of centralized risk management.

0:52.6

So much good information in this clip. Enjoy.

0:57.2

Russell, fantastic to see you as ever.

0:59.2

Thanks for having me back. These days, it feels like a week is like a month,

1:04.2

and the month is a year, and everything that we used to know is no longer true,

1:09.1

and it's just, it's exciting and tiring at the same time, I think.

1:13.1

Well, that's the way I feel about life and life.

1:15.3

Yeah, absolutely. So what do you up to these days?

1:17.3

Give people a bit of background about what you're up to because it's super interesting.

1:20.8

Last year, I decided to close down the fund and give money back to investors.

1:31.2

At the time, it was partly because the way when I'd come into the industry,

...

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