WTFinance

Interview recorded - 29th of October, 2025On this episode of the WTFinance podcast I had the pleasure of welcoming on Kenneth Rogoff. Kenneth is a world-renowned economist, former Chief Economist at the International Monetary Fund & Maurits C. Boas Professor at Harvard University. During our conversation we spoke about liberation day, impact on global economy, whether it would help manufacturing in the US, deficits, risk of US Dollar supremacy and more. I hope you enjoy!0:00 - Introduction1:42 - Current macroeconomics2:52 - Liberation day5:47 - Manufacturing in the US?8:10 - Concentrated Manufacturing12:08 - Deficits14:32 - Inflation16:57 - Fallout of continued deficits20:10 - Central bank independence26:52 - Chinese deflation29:42 - End of US Dollar Hegemony?34:42 - Replacing the US Dollar39:22 - US Dollar liquidity40:38 - One message to takeaway?Kenneth Rogoff is Maurits C. Boas Professor at Harvard University, and former chief economist at the IMF. His influential 2009 book with Carmen Reinhart, This Time Is Different: Eight Centuries of Financial Folly, shows the remarkable quantitative similarities across time and countries in the roots and aftermath of debt and financial crises. Rogoff is also known for his pioneering work on central bank independence, and on exchange rates. He is co-author of the widely-used graduate text, Foundations of International Macroeconomics. His 2016 book The Curse of Cash looks at the past, present and future of currency from standardized coinage to crypto-currencies. His monthly syndicated column on global economic issues is published in over 50 countries. Rogoff’s 2025 book Our Dollar, Your Problem: An Insider’s View of Seven Turbulent Decades of Global Finance and the Road Ahead offers a sweeping view of the post-war rise of the dollar, the challenges the rest of the world has in dealing with it, and how this experience can help inform the contours of the evolving new global financial system.Rogoff is an elected member of the National Academy of Sciences and the American Academy of Arts and Sciences. He has long ranked among the top dozen most cited economists, and is an international grandmaster of chess.Kenneth Rogoff - Book: https://yalebooks.yale.edu/book/9780300275315/our-dollar-your-problem/Website: https://rogoff.scholars.harvard.edu/X: https://x.com/krogoffWTFinance -Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes -https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4LinkedIn - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseasThumbnail image from - https://www.fairobserver.com/economics/our-dollar-your-problem-market-stress-exchange-rate-feedback-and-the-fiscal-reckoning-ahead/

Interview recorded - 22nd of August, 2025On this episode of the WTFinance podcast I had the pleasure of welcoming on Tyler Neville. Tyler has experience trading equities & derivatives and macro investor for 20 years, traded at Franklin Templeton & has a keen focus on macro & market structure. You may have also seen him on Real Vision or Blockworks.During our conversation we spoke about Jackson hole, losing control of bond markets, the last 40 years, financial nihilism, strength of the US, political philosophy and demographics. I hope you enjoy!0:00 - Introduction2:49 - Thoughts on Jackson Hole?5:13 - Losing control of bond markets9:36 - High rates stimulatory?12:11 - The last 40 years21:38 - Back to the 1960’s?25:57 - Financial Nihilism28:27 - Strength of the US30:02 - Inflate the currency31:41 - Peter Thiel Political Philosophy39:11 - Risk of AI?44:38 - Ageing population positive with AI/robotics?51:05 - One message to takeaway?Previously, Tyler traded equities & derivatives at several hedge funds and Franklin Templeton, a trillion-dollar asset manager. Tyler also served as Editorial Director at both Real Vision and Blockworks in between stints in the investment world. Tyler Neville - X - https://x.com/Tyler_Neville_WTFinance -Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes -https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4LinkedIn - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseasThumbnail Image from - https://coinpedia.org/news/who-will-replace-fed-chair-jerome-powell-donald-trumps-shortlist-just-dropped/

Interview recorded - 20th of August, 2025On this episode of the podcast I have the pleasure of welcoming on Kevin Muir. Kevin has three decades of trading experiencing, is the writer of the Macro Tourist and co-host of the podcast The Market Huddle. During our conversation we spoke about the shift away from Monetary to Fiscal Dominance, the US outperformance being linked to its large deficit, how the Treasury is more powerful than the FED, massive global government spending and more. I hope you enjoy!0:00 - Introduction1:21 - Shift from monetary to fiscal driven economy10:16 - US fiscal steroids14:51 - Treasury more powerful than central banks?22:11 - Moving issuance forward on the curve25:41 - Market narratives27:04 - Do deficits matter?35:51 - No tax increases or less spending38:44 - Massive global government spending40:18 - Market reaction52:12 - Earnings concentration54:31 - One message to takeaway?Kevin Muir is a former bank equity index derivative trader who for the past two decades has been trading purely on a proprietary basis for both himself and other individuals.During his three decades of trading, he has learned a few things about the market, but the one thing he is certain of is that he will still find new mistakes to make.With the MacroTourist Letter, readers come along for a journey that benefits from the wisdom Kevin has accumulated over the years, but also get to watch as new mistake are made.This is not a letter filled with back-slapping high-fives after good trades, but where bad calls are never mentioned. Kevin believes that the mistakes are where traders learn, and by also discussing the mistakes, other traders can learn from his.Kevin Muir - Newsletter - https://themacrotourist.com/Podcast -  @TheMarketHuddle  X - https://x.com/kevinmuirEmail - [email protected] -Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes -https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4LinkedIn - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseasThumbnail Image from - https://www.cbsnews.com/news/unwanted-tanks-and-other-government-waste-detailed-in-reports/

On this episode of the WTFinance podcast I had the pleasure of welcoming back Michael Oliver. Michael is the founder of Momentum Structural Analysis.During our conversation Michael spoke about the economic weakness he is seeing in the markets, why he thinks there could be a crash, whether he has been surprised the FED hasn't cut, monumental crash and more. I hope you enjoy!0:00 - Introduction 1:40 - Overview on markets6:46 - Economic weakness10:17 - Surprised FED haven’t cut?14:24 - Bond market19:52 - Global markets25:02 - Monumental crash27:15 - Liquidity28:30 - One message to take awayJ. Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton’s International Commodity Division, headquartered in New York City's Battery Park. He studied under David Johnston, head of Hutton’s Commodity Division and Chairman of the COMEX.In the 1980s Mike began to develop his own momentum-based method of technical analysis. He learned early on that orthodox price chart technical analysis left many unanswered questions and too often deceived those who trusted in price chart breakouts, support/resistance, and so forth.In 1987 Mike technically anticipated and caught the Crash. It was then that he decided to develop his structural momentum tools into a full analytic methodology.In 1992 the Financial VP and head of Wachovia Bank's Trust Department asked Mike to provide soft dollar research to Wachovia. Within a year, Mike shifted from brokerage to full-time technical research. He is also the author of The New Libertarianism: Anarcho-Capitalism.Michael Oliver - Website - https://www.olivermsa.com/Twitter - https://twitter.com/Oliver_MSAWTFinance -Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes -https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4LinkedIn - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseasThumbnail Image from - https://www.marketwatch.com/story/stock-investors-are-still-in-danger-but-history-says-bear-markets-are-relatively-brief-11655419223

Interview recorded - 25th of July, 2025On this episode of the WTFinance podcast I had the pleasure to welcome back Professor Richard Wolff. Richard is a well-known critic of an alternative contemporary economic system, host of the Economic Update and Founding Director of Democracy at work. During our conversation we spoke about the economic outlook, continued escalation in our society, what needs to change, extreme politics and more. I hope you enjoy!1:08 - Introduction1:24 - Economic outlook19:22 - Continued escalation26:23 - What needs to change?29:07 - Socialist politicians32:17 - One message to takeaway?Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University, New York City.Earlier he taught economics at Yale University (1967-1969) and at the City College of the City University of New York (1969-1973). In 1994, he was a Visiting Professor of Economics at the University of Paris (France), I (Sorbonne). Wolff was also regular lecturer at the Brecht Forum in New York City.Prof Wolff is the co-founder of Democracy at Work and host of their nationally syndicated show Economic Update. Professor Richard Wolff:Democracy at work: https://www.democracyatwork.info/Website: https://www.rdwolff.com/X: https://x.com/profwolffYouTube: @RichardDWolff WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

Interview recorded - 24th of July, 2025On this episode of the WTFinance podcast I had the pleasure of welcoming back Alasdair Macleod. Alasdair is an educator for sound money, economics, geopolitics and everything to do with gold and silver.During our conversation we spoke about Alasdairs perspective, cutting deficits, collapse of the Fiat currency system, confiscation of gold, protecting your wealth and more. I hope you enjoy.0:00 - Introduction1:15 - What is Alasdair watching?5:42 - Cutting deficits10:38 - Voters aren’t ready for spending cuts13:43 - Central bankers global solution?17:18 - End of Fiat Currency System?18:50 - Assets to appreciate23:48 - Confiscation of gold?27:36 - Similarities between US & China30:11 - CBDC33:38 - Stablecoins38:07 - One message to takeaway?Alasdair Macleod is is an educator and advocates for sound money through demystifying finance and economics. His background includes being a stockbroker, banker, and economist.Alasdair Macleod started his career as a stockbroker in 1970 on the London Stock Exchange. Within nine years, he had risen to become senior partner of his firm.Subsequently, he held positions at the director level in investment management and worked as a mutual fund manager. Mr. Macleod also worked at a bank in Guernsey as an executive director.For most of his 40 years in the finance industry, he has been demystifying macroeconomic events for his investing clients. The accumulation of this experience has convinced him that unsound monetary policies are the most destructive weapon governments use against the common man. Accordingly, his mission is to educate and inform the public in layman's terms what governments do with money and how to protect themselves from the consequences.Alasdair Macleod - Substack - https://alasdairmacleod.substack.com/Twitter - https://twitter.com/MacleodFinanceLinkedIn - https://www.linkedin.com/in/alasdair-macleod-9494b27/WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

Interview recorded - 22nd of July, 2025On this episode of the WTFinance podcast I had the pleasure of welcoming back Jim Bianco. Jim is the is President and Macro Strategist at Bianco Research, L.L.C.

During our conversation we spoke about Jim's outlook, the international companies paying tariffs, whether Trump can fire Powell, should Powell save the bond market, stable coins and more. I hope you enjoy.

0:00 - Introduction

1:21 - Jim’s outlook

7:24 - International companies paying tariffs?

10:03 - Product inflation vs service deflation

12:35 - Immigration impact on inflation

15:02 - Can Trump fire Powell?

18:31 - Next FED Chair?

20:45 - Should Powell address bond yields?

28:43 - Step-up in deficits

31:27 - Stablecoins

36:25 - One message from conversation?

Jim Bianco is President and Index Manager at Bianco Research Advisors. He is also the President of Bianco Research LLC. Since 1990, Jim’s commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades long reputation for objective, incisive commentary that challenges consensus thinking.Jim appears regularly on CNBC, Bloomberg, and Fox Business, and is often featured in the Wall Street Journal, Bloomberg News, Grants Interest Rate Observer, and MarketWatch. Jim has a Bachelor of Science degree in Finance from Marquette University (1984) and an MBA from Fordham University (1989).

Jim Bianco:

Research: https://www.biancoresearch.com/visitor-home/

ETF: https://www.biancoadvisors.com/

X: https://twitter.com/intent/follow?screen_name=biancoresearch&tw_p=followbutton

LinkedIn: https://www.linkedin.com/in/james-bianco-117619152/

WTFinance -

YouTube - https://www.youtube.com/@WTFinancepodcastTikTok - https://vm.tiktok.com/ZMeUjj9xV/

iTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4

Linkedin - https://www.linkedin.com/in/anthony-fatseas-761066103/

X- https://twitter.com/AnthonyFatseas

Interview recorded - 18th of July, 2025On this episode of the WTFinance podcast I had the pleasure of welcoming back Dr Jan Oberg. Jan is a sociologist, peace researcher & the director of Transnational Foundation for Peace & Future Research.During our conversation we spoke about his views on geopolitics, the Western decline, 5% NATO defence spending, Russian invasion of Europe, splitting of alliances and more. I hope you enjoy!0:00 - Introduction0:54 - Views on geopolitics8:20 - Western decline16:05 - 5% NATO defence spending21:35 - Russia invading Europe?26:55 - US, Europe & BRICS blocks?31:05 - One message to takeaway?Dr Jan Oberg is an internationally experienced and genuinely independent peace and future researcher and an art photographer – a columnist, commentator and mediator doing diagnosis, prognosis and proposing solutions.Dr Jan Oberg - Transnational: https://transnational.live/Website: https://janoberg.me/X: https://x.com/janoberg?s=21&t=vCJTBKSb-nIJ8eFKe0YAxgWTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

Interview recorded - 8th of July, 2025On this episode of the WTFinance podcast I had the pleasure of welcoming back Marc Faber. Marc is a well known contrarian investor & the Editor and Publisher of the “Gloom, Boom & Doom Report”.During our conversation we spoke about Marc's economic outlook, the wealth divide, why government causes all problems, borrowing, market exuberance, gold and which assets are undervalued. I hope you enjoy!0:00 - Introduction2:40 - Marc’s outlook5:46 - Wealth divide9:23 - Government spending11:31 - Tariffs volatility13:12 - Are tariffs inflationary?16:13 - Borrowing18:38 - Market exuberance31:00 - Market bubble sustainable25:55 - Shift to real assets26:55 - Revaluing gold28:18 - Emerging markets to outperform?31:48 - Economic shift away from US34:09 - One message to takeawayDr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude.Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, publishing a widely read monthly investment newsletter “THE GLOOM BOOM & DOOM” report which highlights unusual investment opportunities.He is also the author of several books including “TOMORROW’S GOLD – Asia’s Age of Discovery” which was first published in 2002 and highlights future investment opportunities around the world. “TOMORROW’S GOLD” was for several weeks on Amazon’s best seller list and has been translated into Japanese, Korean, Thai and German.Dr. Faber is also a regular contributor to several leading financial publications around the world.A book on Dr Faber, “RIDING THE MILLENNIAL STORM”, by Nury Vittachi, was published in 1998.A regular speaker at various investment seminars, Dr Faber is well known for his “contrarian” investment approach.Marc Faber -Website - https://www.gloomboomdoom.com/Twitter - https://twitter.com/gloomboomdoom?lang=enLinkedIn - https://www.linkedin.com/in/marc-faber-gloomboomdoom/?originalSubdomain=hkWTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

Interview recorded - 7th of July, 2025On this episode of the WTFinance podcast I have the pleasure of welcoming back Lyn Alden. Lyn is one of the foremost macro strategists, Founder of Lyn Alden Investment Strategy & author of the book “Broken Money: Why Our Financial System is Failing Us and How We Can Make it Better”.During our conversation we spoke about Lyn's economic outlook, major drivers of increased deficits, tariffs, the big beautiful bill, running the economy hot, financial dominance and more. I hope you enjoy!0:00 - Introduction1:35 - Lyn economic outlook4:04 - Major driver of increased deficits7:37 - FED & Treasury to lose control of bond market?10:58 - Tariff impact13:55 - Tariffs inflationary?17:20 - Issues with austerity19:28 - Big Beautiful Bill21:47 - Financial dominance impact on markets23:48 - Running it hot26:20 - US the way of Japan?29:45 - Supplementary leverage ratio32:03 - Financial repression35:25 - Which countries more free?37:08 - Endgame39:04 - Yield curve control?42:33 - Microstrategy risk45:49 - One message to takeaway?Lyn runs an investment research service for both retail and institutional investors at LynAlden.com. Her focus is on fundamental investing with a global macro overlay, with an emphasis on equities, currencies, commodities, and digital assets. Lyn has also worked for over a decade in the aviation industry in a range of roles, starting as an electronics engineer and moving into project and facility management, and engineering finance. Eventually she became the head engineer and head of technical procurement for the facility, before retiring in my 30s. Lyn has a bachelor's in electronics engineering and a master's in engineering management, with a focus on engineering economics and financial modelling. Lyn Alden - Website - https://www.lynalden.com/LinkedIn - https://www.linkedin.com/in/lynalden/Twitter - https://twitter.com/lynaldencontact?lang=enWTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseasThumbnail picture from - https://xcoins.com/en/blog/rich-dad-poor-dad-author-predicts-us-dollar-crash-by-jan-2023/