by Summary:
Our guest this week was Cullen Roche, CIO of Disciplined Funds, founder of Orcam Financial Group and author of Pragmatic Capitalism: What Every Investor Needs to Know About Money and Finance. We discussed topics that included: - Disciplined Funds’ macro-oriented investment approach - Cullen’s rude awakening – classic economics learned in university is largely at odds with real world economics - Taking a step back and learning public finances from first principles - Digging into the mechanics of quantitative easing, fiscal policy and other major interventions - “If you're not confused, you don't understand what's going on” - The Kalecki Equation and wealth concentration - Fiscal Stimulus – how much is too much - An introduction to Modern Monetary Theory - The role played by a “currency
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Our guest this week was Cullen Roche, CIO of Disciplined Funds, founder of Orcam Financial Group and author of Pragmatic Capitalism: What Every Investor Needs to Know About Money and Finance. We discussed topics that included: - Disciplined Funds’ macro-oriented investment approach - Cullen’s rude awakening – classic economics learned in university is largely at odds with real world economics - Taking a step back and learning public finances from first principles - Digging into the mechanics of quantitative easing, fiscal policy and other major interventions - “If you're not confused, you don't understand what's going on” - The Kalecki Equation and wealth concentration - Fiscal Stimulus – how much is too much - An introduction to Modern Monetary Theory - The role played by a “currency
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Cullen Roche considers the following as important:
This could be interesting, too:
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| Our guest this week was Cullen Roche, CIO of Disciplined Funds, founder of Orcam Financial Group and author of Pragmatic Capitalism: What Every Investor Needs to Know About Money and Finance. We discussed topics that included: - Disciplined Funds’ macro-oriented investment approach - Cullen’s rude awakening – classic economics learned in university is largely at odds with real world economics - Taking a step back and learning public finances from first principles - Digging into the mechanics of quantitative easing, fiscal policy and other major interventions - “If you're not confused, you don't understand what's going on” - The Kalecki Equation and wealth concentration - Fiscal Stimulus – how much is too much - An introduction to Modern Monetary Theory - The role played by a “currency monopoly” - From an MMT perspective, unemployment is a failure of government - Why the median voter is so disappointed with the current system that they will likely swing to one of the extremes – the question is which one? - The need for productivity improvement to keep up with fiscal outlays - The Real Estate Conundrum – a depreciating block of wood on an ever-scarcer plot of land - What percentage of homeowners can withstand rising interest rates? - The demographic question, Japanification and home prices - Thinking of portfolio construction in the current environment – core and satellites - Cullen’s 90/10 Rule – helping investors stick with their structured portfolio allocations by “allowing” them to speculate on a small portion of their assets This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management. ==================================================== For the transcript of this podcast, visit: https://investresolve.com/podcasts/resolve-riffs-with-cullen-roche-on-decoding-mmt-the-good-the-bad-and-the-ugly/ ==================================================== For our latest research insights and exclusive content visit our website! Blog Articles: https://investresolve.com/blog/ Featured Research Papers: https://investresolve.com/research/ Webinars: https://investresolve.com/media-center/#mcca|0 Podcasts: https://investresolve.com/podcasts/ =================================== *ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority. |