The Julia La Roche Show

Investment banker and author Chris Whalen, chairman of Whalen Global Advisors, who is also the author of The Institutional Risk Analyst, returns to The Julia La Roche Show to discuss the big picture of the economy and markets. He highlights the dichotomy between the consumer side, which is doing relatively well, and the commercial side, which is suffering due to low interest rates and illiquidity....

Scott Galloway, Professor of Marketing at NYU Stern School of Business, returns to the pod to join Julia La Roche on episode 163 to discuss his newest book, “The Algebra of Wealth: A Simple Formula for Financial Security.”  The Algebra of Wealth book: https://www.amazon.com/Algebra-Wealth-Formula-Financial-Security/dp/0593714024 0:00 Intro and welcome Scott Galloway  1:04 Macro picture of the econ...

Keith Fitz-Gerald, principal of the Fitz-Gerald Group, shares his macro view of the world and the five big picture lenses through which he sees the world. He believes that investing in optimism and knowing where the world is going is better than trying to be right at specific moments in time. He emphasizes the importance of focusing on companies that have great demand for their products and servic...

Michael Howell, CEO of CrossBorder Capital, an investment advisory firm, and author of the book, “Capital Wars: The Rise Of Global Liquidity,” returns to The Julia La Roche for episode 161 to discuss the global liquidity cycle and its impact on the economy.  He explains that liquidity is a key driver of asset prices and that the current liquidity cycle is pushing asset prices higher. Howell argues...

Bill Fleckenstein, president and founder of Fleckenstein Capital, discusses the macro view of the world and the impact of the Federal Reserve's monetary policies.  He criticizes the Fed for its incompetence and reckless policies that have led to the creation of two huge bubbles and misallocated capital.  Fleckenstein also highlights the power of the passive bid in distorting the market and the...

Investment researcher and macroeconomic analyst Lyn Alden, founder of Lyn Alden Investment Strategy, joins Julia La Roche on episode 159 to discuss the macro view of the economy, focusing on fiscal dominance.  Alden highlights the wide performance gaps between sectors, which are influenced by fiscal and monetary policies. She discusses the implications of fiscal dominance and the challenges it pos...

New York Times’ bestselling author Larry McDonald, founder of The Bear Traps Report, returns to The Julia La Roche Show to discuss his newest book, “How To Listen When Markets Speak: Risks, Myths, and Investment Opportunities in a Radically Reshaped Economy.” According to McDonald, we’re in the financial equivalent of the “Fourth Turning,” where the macro regime has shifted from a disinflationary,...

Dr. A. Gary Shilling, President of A. Gary Shilling & Co., an economic consulting firm and a registered investment advisor, joins Julia La Roche on episode 157 for a wide-ranging conversation on the economy.  In this episode, Dr. Shilling discusses the current economic picture, including the possibility of a soft landing and signs of a potential recession. He highlights the narrowing focus of...

Tom McClellan, editor of The McClellan Market Report and a prominent figure in stock market and technical analysis, joins Julia La Roche on episode 156.  In this episode, Tom shares his views on the economy and markets in a presentation of charts, from the message crude oil prices send stocks to the Presidential Cycle Pattern and, of course, the famed McClellan Oscillator.  Tom explains why a rece...

Meredith Whitney, CEO of Meredith Whitney Advisory Group, discusses the state of the US economy and the consumer.  Last year, she did not expect a recession because of the strong consumer. Today, she describes the economy as “bifurcated” because higher-earning households are driving consumer spending.  Whitney also explores the housing market and predicts a supply glut that will lead to a decline...

Dr. Art Laffer, one of the most influential economists of the past half-century, joins Julia La Roche for episode 154. Dr. Laffer is the founder and chairman of Laffer Associates, an economic research and consulting firm. Known as the "Father of Supply Economics," he is famous for developing the Laffer Curve, a representation of the relationship between tax rates and tax revenue that was...

Amy Nixon, a housing and economic analyst, makes her first podcast appearance in six months after making a pivot on her deflationary recession call.  In his episode, Amy discusses the current macroeconomic environment and the challenges it presents. She highlights the combination of tight monetary policy and loose fiscal policy as a significant factor in the economy.  Amy shares her experience of...

Value investor Brian Hirschmann, managing partner of hedge fund Hirschmann Capital, makes his debut on episode 152 of The Julia La Roche Show. In this episode, Hirschmann argues that we're currently in the most dangerous time in financial history and that three bubbles—stocks, real estate, and global bonds—could all burst. Hirschmann also makes the case that we'll likely see more persisten...

Former hedge fund manager Whitney Tilson, now Editor at Stansberry Research, returns to The Julia La Roche Show for a wide-ranging discussion on the economy, markets, and common mistakes investors make.  Whitney discusses the strength of the macro picture and the importance of not betting against America.  In this conversation, Whitney shares stock picks, reflects on missed opportunities, and disc...

Alfonso Peccatiello, founder of the Macro Compass, discusses the macro view of the current market and investor expectations.  He challenges the narrative of a structurally stronger US economy and presents a contrarian perspective. Peccatiello highlights the ambiguous data and warning signs in the economy, particularly in relation to China's deleveraging process and the spillover ripple effects...

Jeff Snider, host of the Eurodollar University podcast, returns to The Julia La Roche Show to discuss the current macroeconomic picture, characterized by confusion and ambiguity.  In this episode, Jeff explains the Fed's focus on consumer prices and the risks associated with this approach. Jeff also highlights the lurking risks in the commercial real estate market and the Chinese real estate b...

Harley Bassman, managing partner at Simplify Asset Management, discusses his macro view of the economy and markets. He believes that the market is ahead of the Fed and that inflation will not come down as quickly as people think due to demographic factors. Bassman also discusses the yield curve and its implications for a recession. He recommends investing in mortgage-backed securities due to their...

Andreas Steno, founder of Steno Research , discusses the resurgence of inflation and its impact on the global economy, and his contrarian take that the next move from the Federal Reserve could be a rate hike.  In this episode, Steno highlights the labor market as a major driver of inflation, with wage pressures increasing due to labor scarcity. Steno suggests that the Federal Reserve may need to h...

Darius Dale, founder & CEO of 42 Macro, an investment research firm that aims to disrupt the financial services industry by democratizing institutional-grade macro risk management frameworks and processes, returns to The Julia La Roche Show for episode 146.  In this episode, Darius discusses the current market regime and the transition to a reflation regime. He explains the drivers of the refl...

Macro trends blogger and economist David Woo, CEO of David Woo Unbound, a global forum devoted to the promotion of fact-based debates about markets, politics, and economics, joins Julia La Roche on episode 145 for a wide-ranging conversation on economics and politics. In this episode, Woo shares his macro framework, emphasizing the intersection of economics, politics, and geopolitics and the need...

Economist David Rosenberg, founder and president of Rosenberg Research, shares his macroeconomic view of the economy and explains why he’s not throwing in the towel on his recession call. Rosenberg highlights the importance of understanding the business cycle and the impact of interest rates. While many economists have thrown in the towel on their recession calls, Rosenberg remains in the recessio...

Danielle DiMartino Booth, CEO and Chief Strategist for QI Research, a research and analytics firm, returns to The Julia La Roche Show for episode 143.  In this episode, Danielle provides an update on the economy, highlighting the challenges faced by the job market and the increase in layoffs. She discusses the impact of the white collar recession and the decline in net worth for high-income indivi...

Dr. Burton Malkiel, author of the influential book, "A Random Walk Down Wall Street," which revolutionized how people approach investing, joined Julia La Roche on episode 142. Link: https://www.amazon.com/Random-Walk-Down-Wall-Street/dp/1324051132 0:00 Intro and welcome Dr. Burton Malkiel  1:30 Writing ‘A Random Walk Down Wall Street’  4:30 Reaction to ‘A Random Walk’  5:30 90% of active...

Dr. Marc Faber, editor of “The Gloom, Boom and Doom Report," provides a macro view of the global economy and financial markets. He discusses the diverging trends in different countries and the impact on standards of living.  Dr. Faber expresses concerns about inflation, interest rates, and the high levels of debt in the US. He recommends investing in gold as a safe asset and highlights the un...

Jeff Sherman, Deputy CIO of DoubleLine Capital, joins The Julia La Roche Show for episode 140 to break down the first FOMC meeting of 2024 and his outlook for the economy and the markets, inflation, and more. Takeaways The FOMC meeting indicated that interest rate cuts may be on the horizon, but the timing and extent of the cuts are uncertain. Positive real yields in the bond market offer attracti...