The Julia La Roche Show

#198 Raoul Pal On The Economic Singularity: "We've Got 6 Years To Make As Much Money As We Possibly Can"


Listen Later

Raoul Pal, founder and CEO of Real Vision and author of the Global Macro Investor, joins Julia La Roche on episode 198 to share his macro outlook and why he thinks we're headed for an Economic Singularity with the rise of AI.

✨ This episode is sponsored by Public.com. Lock in your 6.6% yield: https://public.com/julia ✨

Paid endorsement for Public Investing, Inc. Not investment advice. All investing involves the risk of loss, including loss of principal. Brokerage services for US Listed and registered securities, options and Bonds in a self-directed brokerage account are offered by Public Investing. ETFs, options and Bonds are available to US members only. 
*A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 fractional investment-grade and high-yield bonds. The 6.6% yield is the average annualized yield to maturity (YTM) across all ten bonds in the Bond Account, before fees, as of 9/18/2024. A bond’s yield is a function of its market price, which can fluctuate, and a bond’s YTM is “locked in” when the bond is purchased. Your yield at time of purchase may be different from the yield shown here. The “locked in” YTM is not guaranteed; you may receive less than the YTM of the bonds in the Bond Account if you sell any of the bonds before maturity, or if the issuer calls or defaults on the bond. While corporate bond yields should fall in reaction to a Federal Reserve rate cut, we cannot know whether that will be true of the bonds in the Bond Account, how quickly bond yields will respond, or how much they will decline. Public Investing charges a markup on each bond trade. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. Fractional Bonds also carry risks including liquidity risk, interest rate risk, credit risk, inflation risk, and potential tax liabilities. Read more about the risks associated with fixed income and fractional bonds and learn more about the Bond Account at https://public.com/disclosures/bond-account.


Links:

Twitter/X: https://twitter.com/raoulgmi
GMI: https://globalmacroinvestor.com/
Real Vision: https://www.realvision.com/


00:00 Welcome Raoul Pal and Real Vision's 10-year anniversary

01:39 The Everything Code and macro cycles explained

05:38 Explaining liquidity and its sources

07:29 Central banks, liquidity, and currency debasement

11:42 Risk-taking and asset performance in the current environment

15:02 The exciting macro setup and market opportunities ahead

17:43 Addressing misconceptions about recessions and market bubbles

22:23 Federal Reserve rate cuts and inflation outlook

25:58 Raoul's evolution to a more optimistic market view

34:45 The concept of economic singularity explained

38:20 AI's impact on productivity and economic growth

42:20 Preparing for the economic singularity in the next 6 years

43:58 Bitcoin as a high-performing asset

45:07 Real Vision's past and future outlook

48:58 Closing thoughts on "unf***ing your future"

...more
View all episodesView all episodes
Download on the App Store

The Julia La Roche ShowBy Julia La Roche

  • 4.4
  • 4.4
  • 4.4
  • 4.4
  • 4.4

4.4

49 ratings


More shows like The Julia La Roche Show

View all
Macro Voices by Hedge Fund Manager Erik Townsend

Macro Voices

3,061 Listeners

Hidden Forces by Demetri Kofinas

Hidden Forces

1,440 Listeners

Grant’s Current Yield Podcast by Grant's Interest Rate Observer

Grant’s Current Yield Podcast

663 Listeners

Hedgeye Podcasts by Hedgeye Risk Management

Hedgeye Podcasts

199 Listeners

Palisades Gold Radio by Collin Kettell

Palisades Gold Radio

252 Listeners

The Market Huddle by Patrick Ceresna & Kevin Muir

The Market Huddle

361 Listeners

Eurodollar University by Jeff Snider

Eurodollar University

460 Listeners

The Grant Williams Podcast by Grant Williams

The Grant Williams Podcast

1,357 Listeners

Supply Shock by Blockworks

Supply Shock

112 Listeners

Wealthion - Be Financially Resilient by Wealthion

Wealthion - Be Financially Resilient

381 Listeners

The Jay Martin Show by Jay Martin

The Jay Martin Show

71 Listeners

Forward Guidance by Blockworks

Forward Guidance

273 Listeners

Thoughtful Money with Adam Taggart by Adam Taggart | Thoughtful Money

Thoughtful Money with Adam Taggart

364 Listeners

The David Lin Report by The David Lin Report

The David Lin Report

34 Listeners

Monetary Matters with Jack Farley by Jack Farley

Monetary Matters with Jack Farley

90 Listeners