It is always a great pleasure to be able to discuss the global financial situation with Louis Gave and have Richard Bonugli moderate the discussion. There are several issues discussed in this hour podcast but I want to provide listeners with a key rule of Gave: While it may seem like forecasting it is anything but. It is merely adapting to a changing landscape as global investing is dynamic in nature while so many critical academic models are STATIC. It is up to those who invest in myriad number of relevant asset classes to be aware of the changing conditions in an effort to MINIMIZE losses from ill-conceived trades while seeking to find the greatest profits potential from being able to analyze the changing conditions.
Posts Tagged ‘Louis Gave’
Notes From Underground: Talking With Louis Gave
January 29, 2023Notes From Underground: The Meaning of the Yen/YUAN Cross
April 26, 2022In the past three weeks I have had the pleasure of doing two major podcasts with two of the most highly regarded global macro thinkers and traders: Zoltan Pozsar and Louis Gave. Our discussions led to an attempt to explain the importance of the Chinese yuan during the current period of CAPITAL ANXIETY. During the past two years the Chinese YUAN has rallied from 7.13/dollar to 6.35, where it has sat for the last six months (a gain of 12%). And, as I have argued for the last 18 months, the strengthening YUAN during the pandemic was a signal that the Chinese were shifting to a more domestic-oriented economy using a stronger currency to enrich its nascent middle class.