In this conversation, Mike McGlone, Senior Commodity Strategist for Bloomberg Intelligence, shares his insights on the current state of the financial markets, focusing on Gold, the Federal Reserve's policies, and the implications of geopolitical tensions. He discusses the historical context of deflationary cycles, the speculative nature of cryptocurrencies, and the future of commodities amidst economic uncertainty.

Mike emphasizes the importance of understanding market correlations and the potential for significant corrections in the stock market, urging caution among investors. He also discusses the current economic landscape and the implications of tariffs on the global economy. He emphasizes the importance of commodities and market signals, the rise of stablecoins, and the trends in the real estate market.

KEY TAKEWAYS

• The long bond is considered the cheapest asset available.

• The US dollar remains the strongest currency in a volatile world.

• US stock market cap is significantly larger than its debt.

•Tariffs are a necessary adjustment to trade imbalances.

• Gold tends to perform well during economic discombobulation.

• Stablecoins currently do not offer interest, making cash more appealing.

• The agricultural sector is seeing increased productivity due to technology.

• The US housing market is experiencing a downturn.

ABOUT THE GUEST

Mike McGlone is a Senior Commodity Strategist for Bloomberg Intelligence and specializes in the broad investible commodity markets, authoring the monthly Bloomberg Commodity Outlook. Mike joined Bloomberg in 2016 with over 25 years of futures and commodity trading and investing experience, beginning at the Chicago Board of Trade.

Prior to that he was head of U.S. research at ETF Securities. His other roles included head of commodity business at S&P Indices, futures research at ABN Amro and VP research, analyst, trader, sales at Aubrey G. Lanston IBJ Futures.

Mike has an MBA from DePaul University in Chicago and Bachelors of science and arts degrees from Illinois State University. He is a CFA Charter holder and has earned a Financial Risk Manager (FRM) designation.

GUEST LINKS:

X: https://x.com/mikemcglone11

LinkedIn: linkedin.com/in/mike-mcglone-a8442513

Guest’s Book Recommendations:

1. At War with Ourselves - https://amzn.to/42mVEJu

2. Boom and Bust: A Global History of Financial Bubbles - https://amzn.to/4nMvKY7

3. The Price of Time: The Real Story of Interest - https://amzn.to/4n1cfKo

4. Chokepoints: How the global economy became a weapon of war - https://amzn.to/4nY9YQW

5. Daylight Robbery: How Tax Shaped Our Past and Will Change Our Future - https://amzn.to/42XAIZC

6. The Price of Tomorrow: Why Deflation is the Key to an Abundant Future - https://amzn.to/42NZxaD

ABOUT THE HOST

Farzin Irani is a global wealth strategist with over 20+ years of cross-border experience, empowering high-net-worth individuals, entrepreneurs, and family offices to navigate uncertainty with clarity and confidence. His advisory work centres on wealth preservation and intergenerational resilience, ensuring decisions made today stand the test of time.

As Managing Director of Success Simplified Ltd he is regularly interviewed on New Zealand’s ‘Money Talks’ segment on Reality Check Radio (RCR).

Whether it’s on stage at financial industry events or in international boardrooms, he sparks fresh ideas and challenges groupthink, whilst guiding C-suite leaders and executives in making bespoke investment decisions and capital deployment strategies for the future.

HOST LINKS

Find him here: https://linktr.ee/farzinirani

Business Website (Success Simplified Ltd): www.successsimplified.life

‘Money Talks’ Interviews on RCR: https://rcr.media/explore/?feature=202

Host Book Recommendations: https://successsimplified.life/media-resources/