The Pragmatic Investor

My guest today is Michael Howell , the author of Capital Wars. He understands Global Liquidity and its effects on markets better than anyone I know, and I got the chance to pick his brains for an hour in this conversation.

Expect to learn:

* How Trump’s presidency will affect markets in 2025

* The outlook for liquidity

* Risks to global liquidity as debt refinancing comes due

* Best assets to hold short and long-term

Check out Michael’s work:

https://substack.com/@capitalwars

https://www.crossbordercapital.com/

https://x.com/crossbordercap

Investment Grade Analysis 20% Discount

"The Pragmatic Investor" featuring guest Alejandro Yela , a writer on Substack known as The Hermit.

The conversation revolves around Alejandro's approach to investing, his background, and his experiences in the financial world.

Alejandro shares insights into his investment strategies, particularly his approach to deploying capital during specific periods. He highlights a significant trade where his position grew substantially in a short time, reflecting on the volatility and the successes of his strategy.

Additionally, Alejandro discusses his writing on Substack, where he blends investment analysis, historical insights, and personal reflections. His writing covers various topics like natural monopolies and historical financial crises, aiming to educate readers and make them better investors.

Alejandro emphasizes that his work is both practical and timeless, with content that will remain relevant over time.

James Foord praises Alejandro's writing and encourages the audience to follow his Substack. The interview closes with the two expressing hopes to collaborate again in the future.

Investment Grade Analysis 20% Discount

https://www.seekingalpha.link/34TNL7J/2QZRGT/

My guest today is Michael Howell, the author of Capital Wars.

He understands Global Liquidity and its effects on markets better than anyone I know, and I got the chance to pick his brains for an hour in this conversation.

Not only did we discuss liquidity, but also the dollar system, Bitcoin, the outlook for the rest of 2024 and much more.

Check out Michael’s work:

https://substack.com/@capitalwars

https://www.crossbordercapital.com/

https://x.com/crossbordercap

Check Out My Stuff!

Follow Me:

   / @thepragmaticinvestor  

https://x.com/JamesCFoord

00:00 Introduction

02:30 What Is Global Liquidity?

05:20 What determines Liquidity?

10:30 How the MOVE Index affects liquidity

15:20 Where are we in the liquidity cycle?

22:00 China and the PBoC

26:30 Federal Reserve and TGA

31:00 World economy and QE

39:00 Long-term effects: Monetary Devaluation

45:00 Bitcoin as a monetary hedge

46:00 Protect your portfolio

51:00 US dollar and US Outperformance

53:00 AI and market concentration

My guest today is Nader, a fellow trader and content creator. The Ethereum ETF will probably be approved soon, and there are talks of a Solana ETF in the works too.

Solana has seen a massive rally since the lows, and a lot of people believe it could even overtake Ethereum. Which is the better buy now?

In this episode, we talk about Ethereum and Solana and our expectations for the future. We then also dive into different AI altcoins we are interested in.

Follow Nader:  @Realchartchamp 

Follow Me: https://jamesfoord.substack.com/

https://www.youtube.com/@thepragmaticinvestor

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Then I highly recommend you check out Seeking Alpha. 

Though I am now a full-time analyst and contributor, I first started writing for SA only because I wanted to obtain access to their tools and data. (That’s where I got the charts above)

I use SA every day to scan for stocks, find great ideas, make investment decisions and also participate in its thriving community.

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After another blowout quarter by $NVDA, the AI narrative is in full swing again.

But is there still money to be made here?

How will NVDA and the AI market fare if the economy slows down?

And what can we expect from the US economy and stock market in 2024?

I discussed all this with Amrita Roy, who is incredibly knowledgeable when it comes to macro and technology.

I thoroughly enjoyed this conversation, and hope you will too.

Follow Amrita

Follow Me:

https://www.youtube.com/@thepragmaticinvestor

My Guest today is My Weekly Stock , a fellow author and technical analyst.

We sat down today to discuss MWS’s trading system. The indicators he looks at, how he manages risk and most importantly, how he fits in trading with a full-time job.

MWS uses momentum trading in order to find good spots to enter and exit trades, but this is just one of many methods you can use.

In order to trade successfully, you must find a system that works for you and fits your lifestyle.

Follow My Weekly Stock

https://twitter.com/MyWeeklyStock

https://www.instagram.com/myweeklystock/

Follow me

https://www.youtube.com/@thepragmaticinvestor/videos

My guest today is George Robertson, who comes on for a second time to follow up on the ideas he shared with us three months ago. After closing in on 5000 SPX, much like he predicted, the question now is; what next?

George takes a simple idea, the unprecedented amount of fiscal stimulus, and uses this to develop a robust and complex investment thesis.

Today, we talked about GDP, fiscal stimulus, the Fed, monetary policy, politics and the role of the US and US dollar. George is incredibly knowledgeable and a must-follow in the investment space:

Follow George:

https://twitter.com/BickerinBrattle

George Robertson

Follow Me:

https://twitter.com/JamesCFoord

https://www.youtube.com/@thepragmaticinvestor

My guest today is Gary from Dailytstockpicks, a fellow podcaster, YouTuber, substack author and investor.

After finding Gary’s podcast, I thought it would be a great idea to bring him on to talk to us about his investment style, general market outlook and the tools he uses daily as a trader/investor.

Gary is very knowledgeable when it comes to technical analysis, which he complements with fundamentals.

He has a really practical approach and is really good at understanding how to manage a portfolio in a simple yet effective way. I especially enjoyed talking about the tools he uses daily, such as SA and Trendspider.

Follow Gary

https://linktr.ee/dailystockpick

Follow Me

https://www.youtube.com/@thepragmaticinvestor https://jamesfoord.substack.com/

My guest today is Ben, from  @morecryptoonline. He is a fellow Elliott Wave analyst and crypto investor.

A lot has happened since our last chat about Bitcoin, with the world's first cryptocurrency breaking past $40,000.

Is this a new bull market? How high can Bitcoin go? What are the best altcoins to invest in?

These are only a few of the questions we covered today.

I always enjoy talking to Ben. His command of EWT is unparalleled, and he is also great at laying out the theory and levels in a way that traders and investors can actually implement.

Follow Ben

https://www.morecryptoonline.com/ https://www.youtube.com/@morecryptoonline

Follow Me

https://jamesfoord.substack.com/ https://www.youtube.com/@thepragmaticinvestor

00:00 Introduction

06:00 A Different Way Of Thinking

12:00 What really happened in the GFC?

25:00 A Secular Housing Shortage

32:00 Housing Market in 2024

47:00 The Fed Did Not Kill Inflation

01:10:00 How To Profit From Housing

Kevin Erdmannis the author behind the Erdmann Housing Tracker. He is also the author of Building from the Ground Up: Reclaiming the American Housing Boom and Shut Out: How a Housing Shortage Caused the Great Recession and Crippled Our Economy

I stumbled onto Kevin’s substack and was quickly captivated by his unique views on the Fed and housing.

In this conversation, we talked about the role of housing and real estate in the economy. How this affect the business cycle and, most importantly, what the underlying secular trends driving housing are.

Kevin believes there is a secular shortage of housing in the US, which will support continued price appreciation.

So how do we profit from this?

That’s exactly what we discussed in the last quarter of the interview, and Kevin went into great depth as to how investors can benefit in the coming years, even dropping some specific names

Don’t forget to follow Kevin:

Disclaimer: This interview is intended for general guidance and information purposes only. This report is under no circumstances intended to be used or considered as financial or investment advice, a recommendation or an offer to sell, or a solicitation of any offer to buy any securities or other form of financial asset.