Cullen Roche: Pragmatic Capitalism

Click here to check out the show notes, resources, and links mentioned in this episode: http://www.chrisdunn.com/009 Most financial pundits on TV have ulterior motives... They're either selling gold, or have a strong political bias about the markets. Fortunately, Cullen Roche is one of the "good guys". He's offering a pragmatic way for the average person to understand the truth about money, the Fed, and investing. Cullen started his own private investment partnership at the age of 25,...

This is a theme I am starting to hear a lot more of lately – the idea that we’re actually still very early in the business cycle. In a weekend note Goldman Sachs reiterated this point saying: An economic contraction is decidedly NOT in our forecast. Investors point to the 18% collapse in Brent during the past six weeks, the weak macro data from China and the spillover effect on global demand growth, lingering uncertainty in Europe and the 25 bp compression in the 10-year US Treasury yields...

The idea of risk is a rather confusing and nebulous concept in modern finance. The traditional textbook definition of “risk” is standard deviation or volatility. This is convenient for academic purposes because it allows us to quantify risk in a portfolio. But this is a flawed concept for several reasons: Volatility isn’t always a bad thing. In fact, volatility with a positive skew is a good thing.  No one complains about a portfolio allocation that rises 20% per year and falls 5% every once...

Here are three things I think I am thinking about. 1) Shorting is Hard. Shorting Bubbles is Really Hard. I was thinking about the collapse in commodity prices in recent years and reviewing some of my past views. I have been highly critical of the commodity boom in recent decades arguing that the financialization of commodity products had created a false demand for these assets as Wall Street increasingly sold commodities as a part of asset allocation plans to the general public.  I even...

Last month it was Greece. This month it seems to be China. I said Greece wouldn’t wreck the global economy last month and now no one is even talking about it now. But what about China? China is a much bigger story for obvious reasons. As of 2014 China was about 15% of global GDP so we’re not talking about Greece here.  This is a substantial player in the global economy. But how impactful is China in the USA? First, it’s important to note that the “China slowdown” story is nothing new. In...

There has been a lot of "conscious uncoupling" lately. First, you have Coldplay frontman Chris Martin and Madame Paltrow (who, by the way, coined the term conscious uncoupling); then there’s Ebay and Paypal; and now Hewlett and Packard. That’s right; Hewlett Packard is the latest to jump on the conscious uncoupling bandwagon. Erin weighs in. Then, Erin sits down with Alex Daley – senior editor of Casey Extraordinary Technology and chief technology investment strategist at Casey Research –...

There has been a lot of "conscious uncoupling" lately. First, you have Coldplay frontman Chris Martin and Madame Paltrow (who, by the way, coined the term conscious uncoupling); then there’s Ebay and Paypal; and now Hewlett and Packard. That’s right; Hewlett Packard is the latest to jump on the conscious uncoupling bandwagon. Erin weighs in. Then, Erin sits down with Alex Daley – senior editor of Casey Extraordinary Technology and chief technology investment...

Peter Schiff, Rick Rule, Marshall Auerback,Cullen Roche about Gold and Global Gold Market inside the RT GOLD EDITION.

Peter Schiff, Rick Rule, Marshall Auerback,Cullen Roche about Gold and Global Gold Market inside the RT GOLD EDITION.

Boom Bust RT - Sept 25, 2014. Cullen Roche hammers the idiotic pumpers.