Real Vision: Finance, Business & The Global Economy

Real Vision CEO & co-founder Raoul Pal joins Ash Bennington for a big picture look at the events of the last few weeks in the wake of coronavirus with a focus on the global economy. Pal and Bennington discuss the broad changes brought on by the virus, including its impact on US equity markets, the bond market, long-term and durable realignments in the global economy and supply chains, and the rising tide of political risk and fragility across the globe.

Real Vision's Roger Hirst and Ed Harrison talk about the Fed’s intervention into high yield ETFs and whether that support would spill over into equity markets to support shares on a sustained basis. In that context, they analyze Mike Green’s theory that continued passive investment flows would help equities back to new all-time highs, and they examine how oil markets are a barometer of market sentiment as well as demand in the real economy.

Real Vision’s Ash Bennington hosts Roger Hirst to discuss the rally in US equities against the backdrop of coronavirus. Hirst and Bennington discuss the rally from both a technical and fundamental perspective, weaving in the narrative of the breakdown in the real economy. The pair also discuss the monetary and fiscal response to the crisis, challenges in the real estate business, and the ultimate path forward to reopening the economy.

With markets and headlines moving faster than ever, we are now bringing all users a new ultra-timely show to help you keep up the dynamic news cycle. Real Vision's Ash Bennington and Ed Harrison unpack the seemingly widening gulf between macroeconomic events and price action in markets. In this episode, they discuss the impact of coronavirus on the global labor market, loan forbearance, the potential for dislocations in the credit markets, and the most recent medical developments on the ground.

Ash Bennington and Ed Harrison discuss the disconnect between today's market euphoria and the severe risks and uncertainty facing the world economy.

Dr. Gio Valiante, founder of Fearless Golf and head performance coach at Point72 Asset Management, coaches individuals at the highest levels of sports and finance. Dr. Valiante provides tips and stories focused on improving performance and sustaining excellence over long periods of time. Please note that this podcast is comprised of shorter clips that previously appeared on Real Vision, compiled here for ease of listening — introduction by Drew Bessette.

Mark Ritchie II, CIO of RTM Capital Advisors, sits down with Real Vision’s Ed Harrison to discuss how he has re-positioned his investments after going 100% cash in December. He believes that the reaction to the Fed’s cut over these next few weeks are crucial to market tone for the next six to nine months. Filmed on July 2019 in New York - introduction by Drew Bessette.

Josh Wolfe, co-founder of Lux Capital, sits down with Raoul Pal to examine the indicators that are warning that the economic cycle is reaching an inflection point. Wolfe and Pal discuss the idea that inflated valuations in venture capital are being caused by the incremental buyer’s desperate search for growth. Wolfe warns that if the cycle indeed turns, a liquidity crisis could emerge. Filmed on July 9, 2019 in New York. Introduction by Drew Bessette. 

Is there a path for bitcoin to become the new gold standard? Economist Saifedean Ammous, author of the ‘The Bitcoin Standard: The Decentralized Alternative to Central Banking,’ joins Real Vision to share his views on both gold & bitcoin. From an Austrian perspective, he points out the paradoxes of Keynesianism and details the implications his thesis might have on the global monetary system. Hosted by Marty Bent. Filmed on October 9, 2019 in New York. Introduction by Drew Bessette.

Kyle Bass sits down with retired Brigadier General Robert Spalding to discuss the reality inside China. Spalding spent years living in China as Defense Attache in Bejing & served as the chief China strategist for the chairman of the Joint Chiefs. Spalding has deep knowledge of the people, culture, economy, & military of China in and examines the multifaceted threat to the US posed by the rising Asian superpower. Filmed on September 27, 2019 in Washington D.C. - Introduction by Drew Bessette.

Earlier this summer, we released two interviews debating Grayscale Bitcoin Trust’s “Drop Gold,” campaign. Grayscale is a subsidiary of Digital Currency Group founded by Barry Silbert. He provides the argument for Bitcoin and explains the thinking behind the “Drop Gold,” campaign to Real Vision CEO, Raoul Pal. Then Roy Sebag, CEO and founder of Goldmoney, provides his rebuttal to Stephan Spears of McEwen Mining. These interviews were published June 2019. Introduction by Drew Bessette.

Danielle DiMartino Booth, chief strategist at Quill Intelligence, interviews George Goncalves of The Bond Strategist in his first appearance on Real Vision. As former insiders of the Dallas Fed and US Treasury primary dealers, Danielle and George deconstruct the US Dollar liquidity problems and help clarify the major structural issues confronting the repo markets. Filmed on September 18, 2019 in New York - introduction provided by Drew Bessette.

Christopher Balding, associate professor at Fulbright University Vietnam, delves into the many layers of the Chinese economy with Mike Green of Thiel Macro. Balding and Green discuss the inconsistencies in the overarching bullish narrative on China, and explain how the debt machine works in the Chinese real estate markets. Filmed on August 27, 2019 in Los Angeles and published on Real Vision September 6, 2019 - introduced by Drew Bessette.

Whitney Tilson details his transformation from momentum trader to an investor living by Warren Buffett’s advice that “it’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.” Tilson shares his views on WeWork’s IPO trouble, Amazon, Fannie Mae, and beaten-up European financials. This interview was published as a video on Real Vision in September, and the podcast introduction is provided by Alex Rosenberg.

Barry Silbert is the founder and CEO of Digital Currency Group, a cryptocurrency investment trust that is now worth as much today as the whole asset class was five years ago. In this conversation with Raoul Pal, Silbert discusses the long-term outlook for cryptocurrencies, as well as some of the most promising blockchain businesses being build today. This interview was published as a video on Real Vision in June, and the podcast introduction is provided by Alex Rosenberg.