Quoth the Raven #319 - Mark Spiegel

Quoth the Raven

Business, Comedy, Business:investing, Investing

4.5 • 979 Ratings

🗓️ 2 September 2023

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mark and I talk about macro, why markets might crash, deflation vs. inflation, the 2024 race and Tesla. Subscribe to my Substack, Fringe Finance, here: http://quoththeraven.substack.com Podcast listeners can take 50% off a Substack annual subscription for life by using this link: https://quoththeraven.substack.com/subscribe?coupon=92245385 Contribute a paltry recurring donation via Patreon: https://www.patreon.com/QTRResearch One time donations can also be sent via PayPal: https://www.paypal.me/qtrresearch QTR merch is available here. You can also follow me on YouTube, and Twitter. THANK YOU TO ALL OF MY KIND PATRONS. Please show love to those who support the QTR Podcast: Masterworks - use code QTR at Masterworks.com to skip the waiting list JM Bullion - where QTR buys gold & silver - Twitter: @JMBullion George Gammon - Rebel Capitalist Pro - Twitter: @GeorgeGammon Sang Lucci & Wall St. Jesus — The Steamroom — Twitter: @wallstjesus and @sanglucci Longest Running Supporters Max Mulvihill - Since 2/2018 Mark Heywood - Since 3/2018 Kyle Thomas - Since 4/2018 Chris Bede - Since 5/2018 Dariusz Kordonski - Since 5/2018 Chris Gerrard - Since 5/2018 Shear Luck - Since 5/2018 Founding Members Of My "FRINGE FINANCE" Column Kashumba - Since 8/2021 Randy Carder - Since 8/2021 T Gaggiotti - Since 8/2021 Jamie - Since 8/2021 A Farmer - Since 9/2021 Harvest Moon Research - Since 9/2021 John H. H. - Since 11/2021 Mark Hutchinson - Since 11/2021 Joseph K. H. - Since 10/2021 A Farmer - Since 9/2021 Tsniezyk - Since 9/2021 Chris - Since 12/2021 All podcast content is subject to this disclaimer. Chris is not an investment adviser. Listeners should always speak to their personal financial advisers. Please leave me alone. Masterworks Disclaimer: This is not an offer of a security or investment advice. See important disclosures at masterworks.com/cd View all past offerings here When Masterworks presents the net return of an investment in a sold artwork, “net return” or “IRR” refers to the annualized internal rate of return net of all fees and expenses, calculated from the offering closing date to the date the sale is consummated. IRR is not indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. For additional information regarding the calculation of IRR for a particular investment in an artwork that has been sold, a reconciliation will be filed as an exhibit to Form 1-U and will be available on the SEC’s website at www.sec.gov.

Transcript

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0:00.0	All right, this is the Q-Man.
0:03.4	How the hell is everybody?
0:04.4	Welcome to the Q-TR podcast.
0:06.2	Happy to have you with me.
0:08.3	Hope you are having a wonderful Labor Day weekend.
0:11.3	I know I sure am. I mean, I'm recording this now and I'm having a great time
0:15.3	but I guarantee by the time you're listening to this I will be outside at a barbecue somewhere
0:19.6	having a cold beer. Let's get started for your listening pleasure, working for you. I am working for you, and
0:27.6	my sponsors. This weekend, hello. All right, first and foremost, I want to shout out my patrons and sponsors people that support the podcast. First and foremost, this has been a very uncertain year.
0:40.0	Markets are still very volatile. I think they're going to continue to
0:43.7	stay volatile. As a result there's been a lot of investment into
0:47.3	alternatives by some of the biggest players in finance. Goldman Sachs and
0:50.7	Black Rock say the days of T-I-N-A, there is no alternative, are over.
0:56.9	RIA reports 88% of surveyed advisors intend to increase allocations to alternative assets over the next two years with over half
1:04.8	raising allocations all the way to 15 percent and institutions are already
1:09.1	maxed out at 30 to 50% into alternatives.
1:12.6	What are they looking into?
1:13.7	Goldman specifically names fine art
1:15.7	among the ways to help protect your purchasing power.
1:18.7	In 2022, the big three auction houses
1:21.3	posted record high revenues of a combined 17.7 billion
1:25.0	the best auction year ever. The global art market is still exceeding its
	...

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