Summary: <br> Today we are very lucky to welcome Larry McDonald as our guest. Larry is the founder of <a href="https://www.thebeartrapsreport.com">the Bear Traps report</a>, and has extensive experience in consulting and investment banking. His bestselling book “A colossal failure of common sense”, described his time as a Vice President at Lehman brothers where Larry had a ringside view of the last financial crisis. Needless to say this gives him an interesting perspective on the current state of the global markets. Our very enjoyable conversation covered a wide range of topics from high level macro, across Silver and Copper, and down to individual stocks like Tesla.<br> <br> Topics Discussed in this Episode<br> <br> * Risk Indicators<br> * Unemployment <br> * Modern Monetary Theory <br> * US Dollar <br> <br> "At the end of the day, so the dollar ripped 82 to 104 and that moved crushed middle American jobs and really, I think it partially cost Hillary Clinton the election… I think the Trump camp has learned that you really can't have a runaway dollar heading towards an election. You really want that dollar down and that will help whatever is left of middle America.<br> <br> * Inequality<br> * Inflation<br> <br> “The inflation camp, every one of them is pegging it on twelve to eighteen months from now. Whereas, the deflation camp is pretty high conviction that we're going to have a problem near-term. ”<br> <br> * Gold and Silver<br> * 2020 Election<br> <br> "I just don't think that the White House really wants to have a problem with China in the last two, three months before the election."<br> <br> * Tesla<br> <br> " Tesla is at close to three hundred (billion), so Tesla would come in at anywhere between twelve and ten in terms of the S&P 500. So it would come in, basically, in the top twelve companies which has never happened before."<br> <br> * Warren Buffet <br> * Fed balance sheet <br> <br> <br> Links<br> Catch up with Larry McDonald and learn more about his work:<br> <a href="https://www.thebeartrapsreport.com">The Bear Traps Report</a><br> <br> Follow Niels, Moritz, & Rob on Twitter:<br> <a href="https://twitter.com/toptraderslive">Niels Kaastrup-Larsen</a><br> <a href="https://twitter.com/moritzseibert">Moritz Seibert</a><br> <a href="https://twitter.com/investingidiocy">Rob Carver</a><br> Subscribe on:<br> <a href="https://www.toptradersunplugged.com/itunes" target="_blank" rel="noopener noreferrer"></a><a href="https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW" target="_blank" rel="noopener noreferrer"></a><a href="https://www.breaker.audio/top-traders-unplugged/" target="_blank" rel="noopener noreferrer"></a><a href="https://overcast.fm/+BwfvWmh0Y" target="_blank" rel="noopener noreferrer"></a><a href="https://www.stitcher.com/podcast/top-traders-unplugged" target="_blank" rel="noopener noreferrer"></a><a href="https://soundcloud.com/toptradersunplugged-com/" target="_blank" rel="noopener noreferrer"></a><a href="https://www.youtube.com/toptradersunplugged" target="_blank" rel="noopener noreferrer"></a><br>
