SI350: Why All Roads Lead to Higher Yields ft. Alan Dunne

Top Traders Unplugged

Niels Kaastrup-Larsen

Business, Business News, Investing, News

4.8 • 670 Ratings

🗓️ 31 May 2025

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Why are markets still priced as if the old world is coming back? Alan Dunne and Niels Kaastrup-Larsen examine the case for structurally higher yields — not as a risk, but as the regime. Drawing from Alan’s recent writing, they trace how debt levels, policy incentives, and investor complacency have converged into a feedback loop that central banks may no longer control. From Japan’s bond signals to the quiet retreat of fiscal discipline in the U.S., this episode maps a shift that’s already underway. For investors still relying on yesterday’s models, the risk isn’t missing the turn...it’s not seeing that we’ve already made it.

-----

50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

-----

Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.

IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to [email protected]

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.

Follow Alan on Twitter.

Episode TimeStamps:

00:13 - Introduction to Systematic Investing

10:52 - Global Macro Picture: All Roads Lead to Higher Yields

17:26 - The Evolution of Economic Policy and Debt Dynamics

29:55 - The Influence of Economic Policies on Inflation and Growth

40:13 - Market Trends and Investor Sentiment Survey

45:08 - Navigating Market Expectations and Historical Trends

59:34 - The Importance of Diversification in Investment Strategies

----

PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:

1. eBooks that cover key topics that you need to know about

In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend...

Transcript

Click on a timestamp to play from that location

0:00.0	You're about to join Neil's Kostrup Larson on a raw and honest journey into the world of systematic investing and learn about the most dependable and consistent yet often overlooked investment strategy.
0:13.0	Welcome to the Systematic Investor Series.
0:28.2	Welcome, welcome, welcome back to this week's edition of the Systematic Investor Series with Alan Don and I, Nealz Castrolassen, where each week, as usual, we take the pulse of the global market through the lens
0:32.8	of a rules-based investor. Alan, wonderful to be back with you this week. How are things in Dublin?
0:39.6	Things are good here. Great to be back. Yeah, nice sunshine in Dublin and plenty to talk about as ever.
0:46.4	Oh yeah. There's definitely not much sun positives in what we're going to be talking about,
0:51.5	perhaps. But we were commenting before pressing record
0:55.3	that we, for the first time in a while,
0:57.4	both have a nice sunshine where we're sitting, respectively.
1:02.7	But we do have a really, really great lineup of topics.
1:07.2	I know I say that each week, but we really do.
1:10.2	And it's going to take a while to get through that.
1:12.6	But before we do, always curious to hear what's kind of come on your radar that's not related to
1:18.9	the topics of today. Yeah, well, you could pick so many different topics. But one thing, I guess,
1:24.8	that was kind of highlighted again during the week. That's going to be an important theme, I think, for the next while is just the
1:30.8	variability and the patchiness of the economic data because of all of the disruptions that
1:37.2	we've seen.
1:38.2	So like durable goods orders were out during the week and there were, I think, down 7% or
1:43.4	6%, 7%,
1:44.1	had been up 6% or 7% previous month.
1:46.5	But obviously what you've seen is a lot of stockpiling or a lot of activity ahead of the
1:52.6	tariffs.
	...

Transcript will be available on the free plan in 2 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Niels Kaastrup-Larsen, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Niels Kaastrup-Larsen and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.