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Tag: economy

Season 3, Episode 24: The Lessons From Iceland’s Financial Collapse, From One Who Was There

With Jared Bibler, Author of ‘Iceland’s Secret’

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Jared Bibler joins the podcast to discuss his book ‘Iceland’s Secret’ and his experience living through that country’s financial collapse in 2008.

It was a very dark period in Iceland’s history, with individuals losing homes and savings and not being able to buy food. The author experienced this first-hand, initially as an asset manager and later working for regulators seeking to bring the responsible parties to justice.

The crisis in Iceland shocked the world but was quickly overshadowed by the collapse of Lehman Brothers in the U.S. Today it is largely forgotten outside of Iceland. But the author says his experience holds many lessons for the present day.

If nothing else, his experience holds lessons for those interested in hedging against a total collapse of capital markets and civil society.

Content Highlights

  • Why Iceland’s financial crisis remains misunderstood and not discussed while still holding important relevance to global capital markets today (2:36);

  • Iceland as an extreme example of the contemporary world (7:51);

  • Corruption unfortunately remains ‘fairly endemic’ worldwide in the guest’s experience, which transcends several countries (12:43);
  • The next crisis will make 2008 ‘look like a walk in the park’ (14:27);

  • Lessons for the prepper community: hard currency retains its value quite well in such crises (18:57);
  • The crypto world is ripe for fraud and ‘tethered’ coins do not seem to offer the protection claimed (23:30);

  • Background on the guest (29:21);
  • How he’s spending his days now and why ESG has the attention of global regulators (36:54);
  • Insider trading, especially around M&A deals, is rampant (38:36);

  • What has changed in Iceland, other than a tourist explosion (43:50).

More Information on the Author

  • Order the book online here;

Not intended as investment advice.

Video Highlights

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Season 3, Episode 23: The Long Term Bull Case for Oil (Updated)

With Todd Sullivan, ValuePlays.com

(Updates with second video below).

Todd Sullivan of ValuePlays.com joins the podcast to discuss his long term bullish views on oil.

The guest also provides his favorite stocks — all portfolio holdings of his — for investors to take advantage of this trend.

Content Highlights

  • Big picture elements of supply, demand, and infrastructure that are driving the long term bull case for oil (2:50);

  • What about the potential for an economic slowdown in the U.S. and more importantly China? How might that impact things? (7:39);

  • Background on the guest and how he turned his passion as a blogger and investor into his current position (11:17);
  • The three energy names he really likes right now (18:51);
  • Energy has been unpopular for some time and people are under the illusion that gas and oil are going away. “Nothing could be further from the truth.” (25:28);

  • Why transport companies are more of a pure-play on energy prices than drillers (29:30);

  • $100/barrel oil is a “realistic scenario” and prices could stay high after that as the macro outlook remains constructive (37:17);

  • The bullish outlook for the cannabis industry in the U.S. — this will be the topic of a future episode (42:49).
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Season 3, Episode 21: Dangers Lurk in Market Structure’s Changing Dynamics (Updated)

With Michael Green, Portfolio Manager and Chief Strategist, Simplify Asset Management

(Updates with transcript below. To get the transcript earlier, sign up to become a premium subscriber and take advantage of this and other benefits).

Michael Green, portfolio manager and chief strategist at Simplify Asset Management, joins the podcast to discuss the changing dynamics of market structure and how these are creating the potential for havoc.

Content Highlights:

  • Market structure: what it means and how it has changed (3:30);

  • How passive investing pools are changing the equation (6:26);

  • How Tesla (TSLA) is the perfect case study for this phenomenon (8:39);
  • The Fed’s impact when it comes to the bond market. This has ripple effect (13:02)

  • The interest rate and inflation outlook in the U.S. (15:34);
  • Background on the guest (20:55);

  • Passive investing has caused a host of confusing signals where the market cycle is concerned (24:37);
  • Business cycles are still alive and well, and this can of course impact the market. Where that stands today (30:05);

  • Market ‘skew’ is dramatically higher and chances of a collapse are increasing. “The market senses something is wrong.” (34:31).
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