A few days ago I caught up for a chat with two of my favorite macro thinkers and all around great people
and . I always learn something from them, and as genuinely good people I enjoy any time they will be kind enough to give me. We talked commodities (of course), emerging vs developed markets, our overall longer-term as well as near-term outlooks, and Ferg even threw in some personal questions at the end about kids and raising a family that allowed for some introspection.As a side note, in this podcast I mentioned a few trades and nuances to the near-term outlook that I have not had a chance to sit down and properly write about yet, so this video is more than a rehash of my usual “DMs becoming EMs” frameworks… there is some new fresh thinking and trade expression tucked in here. I will of course be writing and elaborating on these in the coming days and weeks, but worth a listen even for those familiar with how I think about the financial opportunity set.
Thank you Chase and Ferg!
