Shows
The Julia La Roche Show#267 Danielle DiMartino Booth & George Goncalves: Fed Is 'Behind the Curve' as We're Already in Recession and There's More Than One Economy in AmericaDanielle DiMartino Booth, CEO and Chief Strategist at QI Research, and George Goncalves, Head of U.S. Macro Strategy at MUFG, join Julia La Roche in-studio on FOMC day, where they break down the Fed's decision to leave rates unchanged, the state of the economy, and the interest rate outlook.Sponsors: Monetary Metals: https://monetary-metals.com/julia Kalshi: https://kalshi.com/julia Links: https://www.mufgresearch.com/ George's Twitter/X: https://x.com/bondstrategist QI Research: https://quillintelligence.com/subs...2025-06-1948 minThe Julia La Roche Show#266 Rick Rule: '10 Years of Reckoning' Ahead - Why Gold Could Hit $10,000Rick Rule, president and CEO of Rule Investment Media and co-founder of Battle Bank, joins the Julia La Roche Show for episode 266 for his quarterly appearance. In this episode, Rule predicts the US dollar will lose 75% of its purchasing power over the next decade, similar to the 1970s crisis. He explains that $130 trillion in total government liabilities against $141 trillion in private wealth creates unsolvable math that can only be resolved through inflation. Rule calls Trump's presidency a failure, dismissing DOGE as fiction and tariffs as harmful taxes. He believes the US is already in recession based on oil prices...2025-06-1757 minThe Julia La Roche Show#265 Steve Hanke: Regime Uncertainty, 80% Recession Probability & How To Fix Monetary PolicyProfessor Steve H. Hanke, professor of applied economics at Johns Hopkins University and the founder and co-director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise, joins Julia La Roche on episode 265 to discuss the economy and his new book "Making Money Work: How to Rewrite the Rules of Our Financial System." Sponsors: Monetary Metals. https://monetary-metals.com/julia Kalshi: https://kalshi.com/juliaIn this episode, Hanke warns of an 80% recession probability by year-end, driven by regime uncertainty from...2025-06-1247 minThe Julia La Roche Show#260 David Woo: Stock Market Making "Huge Mistake" On Trade War - Next 6 Weeks Are Going To Be ScarierMacro trends blogger and economist David Woo @DavidWooUnbound, CEO of David Woo Unbound, a global forum devoted to the promotion of fact-based debates about markets, politics, and economics, joins Julia La Roche on episode 260 to discuss tariffs, markets, and geopolitics. Sponsors: Monetary Metals. https://monetary-metals.com/julia Kalshi: https://kalshi.com/julia Woo, the former head of Global Interest Rates, Foreign Exchange, Emerging Markets Fixed Income Strategy & Economics Research at Bank of America, is known for some of his bold and contrarian calls, including Trump...2025-05-2459 minThe Julia La Roche Show#259 Hedge Fund Telemetry's Thomas Thornton On The Biggest Macro Risk That Could Trigger Panic ButtonsTommy Thornton, founder and president of Hedge Fund Telemetry, returns to The Julia La Roche Show to discuss the volatile market conditions of 2025 . He examines bond market risks, highlighting concerns about rising treasury yields and potential systemic impacts if rates break key levels. Thornton analyzes tariffs, the Fed, tax cuts, the national debt, and the probability of a recession. Sponsors: Monetary Metals. https://monetary-metals.com/julia Kalshi: https://kalshi.com/julia Links: https://www.hedgefundtelemetry.com/https://www.x.com/tommythornton 2025-05-2057 minThe Julia La Roche Show#257 Dr. Edward Altman: We're Entering The 'Stressed' Zone In The Credit Cycle, Why Bankruptcies Last Year Exceeded Financial Crisis Levels, And And Why Defaults Lead RecessionsDr. Edward Altman, creator of the Z-Score bankruptcy prediction model and Max L. Heine Professor of Finance, Emeritus at the Stern School of Business, joins Julia La Roche on episode 257 for an in-depth discussion on where we are in the credit cycle. Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia In this episode, Ed Altman discusses the current state of the credit cycle. Dr. Altman explains that 2024 saw more Chapter 11 bankruptcy filings than any year since the Great Financial Crisis, with...2025-05-131h 03The Julia La Roche Show#256 Danielle DiMartino Booth On The Hidden Economic Indicators Flashing RedDanielle DiMartino Booth, CEO and Chief Strategist for QI Research, a research and analytics firm, returns to The Julia La Roche Show for episode 256 for an FOMC day interview.Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia DiMartino Booth argues that Fed monetary policy remains overly restrictive while the labor market is "anything but solid." She points to concerning indicators including record credit card minimum payments, rising long-term unemployment, and declining full-time jobs. DiMartino Booth makes the case for immediate rate...2025-05-0843 minThe Julia La Roche Show#255 Grant Williams on the 100-Year Pivot That's Bigger Than MarketsGrant Williams, author of “Things That Make You Go Hmmm…” and host of The Grant Williams podcast, joins Julia La Roche on episode 255 where he discusses what he calls a fundamental "100-year pivot" reshaping the global landscape. Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia Williams warns that we've entered an "air pocket" where tariff impacts haven't yet fully manifested in corporate earnings but will soon emerge with significant consequences. He emphasizes a crucial mindset shift from "getting rich" to "staying rich," urging invest...2025-05-061h 02The Julia La Roche Show#254 Dr. Lacy Hunt: The Five Recessionary Forces Creating an Economic InterregnumIn Episode 254 of The Julia La Roche Show, legendary economist Dr. Lacy Hunt, Chief Economist at Hoisington Investment Management, analyzes what he calls an economic "interregnum" where five convergent forces are aligning to depress growth. Dr. Hunt methodically explains how tariffs will ultimately prove deflationary rather than inflationary, why the Fed's restrictive monetary policy is misplaced, how federal spending cuts are creating headwinds, why massive debt overhang limits policy effectiveness, and how changing demographics will impact long-term prospects. With over 56 years of experience and historical perspective dating back to the 1920s, Dr. Hunt delivers a sobering but authoritative prediction...2025-05-031h 02The Julia La Roche Show#253 Ted Oakley: 'They're Giving You Another Chance to Get Liquidity. You Should Take It'Ted Oakley, Managing Partner and Founder of Oxbow Advisors, joins Julia La Roche on episode 253 to discuss the economy and markets.Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia In this episode, Ted discusses the concerning deterioration in economic indicators despite ongoing investor complacency, warning that earnings expectations are too optimistic while market multiples remain elevated. He shares his approach to maintaining significant liquidity (currently 55%) while selectively investing in value opportunities like consumer staples. Ted also explains his gold strategy, with...2025-05-0147 minThe Julia La Roche Show#252 Melody Wright: The U.S. Housing Market Is In A Massive BubbleMelody Wright joins Julia La Roche on episode 252 to discuss the state of the U.S. housing market.Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia In this episode, Melody debunks the "inventory shortage" myth in housing and reveals startling truths about the current market. She explains how March home sales fell below 2008 levels despite population growth, discusses the hyperfinancialization of real estate through Wall Street and Airbnb investors, and shares insights from driving 10,000 miles across America to observe housing conditions...2025-04-2929 minThe Julia La Roche Show#251 Darius Dale: Wall Street Is Still In Charge — Did Trump Abandon Main Street Already?Darius Dale, founder & CEO of 42 Macro, an investment research firm that aims to disrupt the financial services industry by democratizing institutional-grade macro risk management frameworks and processes, returns to The Julia La Roche Show for episode 251 to discuss Trump, tariffs, and the risks facing the markets and the economy.Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia Links: 42 Macro https://42macro.com/ Darius on X/Twitter: https://x.com/dariusdale42 42 Macro on X/Twitter: https://x...2025-04-2458 minThe Julia La Roche Show#250 Danielle DiMartino Booth On Collapsing Confidence, Trump vs. Powell, Market Turmoil, and What's NextDanielle DiMartino Booth, CEO and Chief Strategist for QI Research, a research and analytics firm, returns to The Julia La Roche Show for episode 250 where she reiterates her view that the US is already in recession, explains the "collapse in confidence" spreading through markets, and evaluates the growing tension between President Trump and Fed Chair Powell. Booth reveals concerning trends in consumer credit, employment data, and housing that mainstream statistics aren't capturing.Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia A...2025-04-2237 minThe Julia La Roche Show#249 Dr. Gary Shilling On Tariffs, Impending Recession, And Why He's Still Betting on the Dollar & TreasuriesLegendary economist Dr. A. Gary Shilling, President of A. Gary Shilling & Co., an economic consulting firm and a registered investment advisor, joins Julia La Roche on episode 249 to discuss the state of the economy.Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia In this episode, Dr. Shilling explains why he believes we are headed for a recession, if not already in one. He analyzes how Trump's tariff policies are disrupting global trade relationships and creating economic uncertainty while simultaneously forcing countries like China to the negotiating table. Despite these...2025-04-1943 minThe Julia La Roche Show#248 Larry McDonald on America's Market Wake-Up CallNew York Times’ bestselling author Larry McDonald, founder of The Bear Traps Report, returns to The Julia La Roche Show for an in-person episode to discuss the markets and the economy. Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia In this episode, McDonald discusses capital flows moving away from US markets. McDonald explains how European investors are pulling back following tariff policies and growing deficits. He discusses why copper, uranium, and oil services present value opportunities while predicting the possibility of "4000 gold and 4000 S&P." McDonald warns that America fa...2025-04-1742 minThe Julia La Roche Show#247 Chris Whalen: Tariffs Are a Distraction - The Real Story Is America's Retreat from Global Currency DominanceChris Whalen, chairman of Whalen Global Advisors and author of The Institutional Risk Analyst blog, returns to The Julia La Roche Show for episode 247 to discuss tariffs, markets, and the economy. Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia Chris Whalen explains why the tariff debate is largely a distraction - part of Trump's "shock and awe" strategy to force trading partners to negotiate fairer terms as America attempts to end the Bretton Woods system after 75 years. He sees credit deterioration emerging in auto loans and cred...2025-04-0533 minThe Julia La Roche Show#246 Jim Rickards on MAGANOMICS: Tariffs Are America's Comeback Plan, Gold Party Just Getting Started, And The Time Bomb Nobody Sees Coming Jim Rickards returns to The Julia La Roche Show to discuss "MAGAnomics" - the multi-faceted economic strategy of the Trump administration. Rickards explains the three-legged stool of Trump's economic policy: Bessent's 3-3-3 Plan, Navarro's tariff strategy, and Miran's "Mar-a-Lago Accord." He warns of a potential "time bomb" in the financial system if Treasury Bills are swapped for 100-year bonds, discusses why central banks are racing to buy gold, and explains why the current gold rally is "just getting started." Rickards also shares his market outlook, predicting continued market decline and potential recession before long-term economic gains can be...2025-04-011h 03The Julia La Roche Show#243 Jim Bianco: The Status Quo Cannot Hold - Major Economic Realignment UnderwayJim Bianco, president of Bianco Research, returns to The Julia La Roche Show for episode 242 to discuss the markets and the economy. He explains why America's K-shaped economy - where the top 10% drives 50% of retail sales - has made the status quo unsustainable. He argues Trump's policies reflect the reality that our $36 trillion debt has become a national security issue requiring allies to pay for their defense rather than relying solely on U.S. taxpayers. Bianco maintains his "no landing" economic outlook, viewing tariffs as negotiation leverage rather than permanent policy. For investors, he predicts bonds will deliver 5% returns...2025-03-1857 minThe Julia La Roche Show#241 Chris Whalen: No Recession This Year, Fed 'Playing Chicken' With Trump, No 'Big Selloff' Expected Without External EventChris Whalen, chairman of Whalen Global Advisors and author of The Institutional Risk Analyst blog, returns to The Julia La Roche Show for episode 240 to discuss markets and the state of the economy. Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia Whalen explains why market euphoria has faded under Trump's "shock and awe" strategy. Banks face a $3 trillion mortgage securities problem yielding under 3% against 3% funding costs. He notes the FDIC has stopped reporting troubled bank asset totals after 35 years, suggesting numerous insolvent institutions need...2025-03-1132 minThe Julia La Roche Show#240 Michael Howell: 'We're in a Liquidity Air Pocket' as Hidden Stimulus FadesMichael Howell, CEO of CrossBorder Capital, an investment advisory firm, and author of the book, “Capital Wars: The Rise Of Global Liquidity,” returns to The Julia La Roche Show where he analyzes global liquidity trends and warns of market risks ahead. Howell explains we're entering an "air pocket" in global liquidity despite the overall upward trend that began in October 2022. He examines the "hidden stimulus" from Yellen and Powell that's now fading, details why the US Treasury's bill-heavy financing strategy exposes government funding to interest rate risk, and discusses a theory about Trump potentially reva...2025-03-0652 minThe Julia La Roche Show#239 Jeff Snider: The 'Recovery' Was Artificial - We Never Left the Last RecessionJeff Snider, host of the Eurodollar University podcast, returns to The Julia La Roche Show to discuss the current macroeconomic picture.Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia In this episode, Snider explains why we never actually left the 2020 recession - the apparent recovery was an illusion created by Fed rate cuts, election optimism, and front-loaded economic activity. The U.S. economy remains 5 million jobs short of a real recovery, with consumers feeling left behind as their purchasing power eroded. Snider warns...2025-03-0450 minThe Julia La Roche Show#238 Larry McDonald: Why Trump Needs a Recession to Fix the EconomyNew York Times’ bestselling author Larry McDonald, founder of The Bear Traps Report, returns to The Julia La Roche Show for episode 238 to discuss the markets and the economy. New York Times’ bestselling author Larry McDonald, founder of The Bear Traps Report, returns to The Julia La Roche Show for episode 238 to discuss the markets and the economy. McDonald explains why we're facing an engineered economic slowdown as the new administration tackles persistent inflation and massive debt issues. McDonald reveals how the top 10% now drives 60% of consumption, why hard assets like copper will outperform technology in our new stagflationary envi...2025-03-0234 minThe Julia La Roche Show#236 Bob Elliott: 'Curb Your Enthusiasm' as Negative Growth Surprise AheadBob Elliott, cofounder and CEO of Unlimited, which uses machine learning to create index replication ETFs of 2&20 style alternative investments like hedge funds, venture capital, and private equity, joins Julia La Roche on episode 236.Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/juliaIn this episode, Elliott shares why the economy faces a likely growth disappointment in 2025. He explains how both Fed policy and the new administration's focus on restricting immigration, cutting deficits, and increasing tariffs look less positive than expected. Elliott points to e...2025-02-2434 minThe Julia La Roche Show#235 Danielle DiMartino Booth: Disinflation Signs, Job Market Stress, and More Rate Cuts Than ExpectedDanielle DiMartino Booth, CEO and Chief Strategist for QI Research, a research and analytics firm, returns to The Julia La Roche Show for episode 235 to discuss mounting signs of disinflation and labor market stress in early 2025. She points to falling rents, rising vacancy rates, and a wave of both private and public sector job cuts that could force more Fed rate cuts than markets expect. DiMartino Booth warns about the confluence of student loan delinquencies, credit stress, and potential disruption to passive investment flows as demographic shifts and job losses impact 401(k) contributions.Sponsor...2025-02-2034 minThe Julia La Roche Show#234 Bill Fleckenstein: 'Doing Less Rather Than More' as Markets Enter Honeymoon Period | Gold's Strange Strength, Government Waste, and the Passive Bid RiskBill Fleckenstein, founder and president of Fleckenstein Capital, returns to The Julia La Roche Show for episode 234 to discuss markets in 2025. He explains why he's waiting to see how new government initiatives play out before taking strong market positions, while maintaining significant precious metals exposure. Fleckenstein emphasizes that the passive bid remains "the elephant in the room" in markets, warns about government waste revelations, and explains why gold continues to show unexpected strength.Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/juliaLinks: 2025-02-1846 minThe Julia La Roche Show#233 Michael Pento: The Great Asset Bubble Reckoning is Coming, Why We Could See A 50% CorrectionMichael Pento, president and founder of Pento Portfolio Strategies (PPS), joins Julia La Roche on episode 233 where he delivers a stark warning about the state of financial markets. Pento challenges Fed Chair Powell's recent victory lap on inflation, pointing out that prices have remained above the Fed's 2% target for nearly four years. He outlines his thesis for what he calls a "triumvirate of bubbles" in equities, real estate, and credit markets, explaining why these interconnected asset bubbles could lead to a market correction of at least 50%. Drawing on his 34 years of experience and proprietary 20-point liquidity model, Pento provides...2025-02-1437 minThe Julia La Roche Show#232 Ed Dowd: Why The Next Recession Is Different — The Coming Economic Reset in 2025Edward Dowd, Founding Partner of Phinance Technologies, a global macro alternative investment firm, and author of "Cause Unknown: The Epidemic of Sudden Deaths in 2021 & 2022,” joins Julia La Roche on episode 232 to his macro thesis for 2025 and beyond. Dowd explains why he believes the US economy was propped up by unsustainable factors under the Biden administration, and how a recession under Trump would actually be proof of a necessary economic restructuring in favor of the middle class.
This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia
Li...2025-02-0656 minThe Julia La Roche Show#226 Rick Rule: Rick Rule: "I Am Cautious" - Holding Cash For The Coming SqueezeRick Rule, president and CEO of Rule Investment Media and co-founder of Battle Bank, joins the Julia La Roche Show to explain why he remains surprised by economic resilience despite mounting challenges, breaks down why gold could reach $9,000-$10,000 as governments inflate away debt obligations, and shares specific sectors he sees as undervalued including oil & gas, community banks, and wholesale insurance. Rule also provides a sobering analysis of America's $130+ trillion in total obligations, explains why the government will likely choose gradual inflation over outright default, and offers advice for younger generations on navigating what he expects to be a...2025-01-1652 minThe Julia La Roche Show#215 Jim Rogers: Market Party Will End in Crisis | Why He's Not Shorting 'Yet'Legendary investor Jim Rogers, co-founder of the Quantum Fund with George Soros and author of multiple bestselling books including "Street Smarts" and "Investment Biker," returns to the Julia La Roche Show (Ep. 215) with a stark warning about America's debt crisis and market euphoria. Speaking from Singapore, Rogers shares why he's recently cut back his positions "enormously," explains his continued investments in China and Uzbekistan, and offers a sobering perspective on America's $200+ trillion in total obligations (this includes off-balance sheet debt). While not yet shorting markets, Rogers cautions that current market complacency reminds him of previous peaks, and explains why...2024-11-2838 minThe Julia La Roche Show#214 Peter Grandich: America's Living Beyond Its Means Will End In 'Debt Implosion'With over 40 years of Wall Street experience and known for correctly predicting the 1987 market crash, Peter Grandich joined the Julia La Roche Show (Ep. 214) to discuss America's unsustainable debt path, the BRICS nations' challenge to U.S. dominance, his concerns about a coming debt implosion, and why "less is more" should be the guiding principle for both personal and government finances, while also sharing a powerful personal story about forgiveness and mental health.
✨ This episode is sponsored by Public.com. https://public.com/julia ✨
Paid endorsement for Public Investing, Inc...2024-11-2658 minThe Julia La Roche Show#213 Epsilon Theory's Ben Hunt: Markets Have Entered 'What The F*ck Animal Spirits' Post-Election — Why It's Time To 'Take Some Chips Off The Table'Ben Hunt, the author of Epsilon Theory (https://www.epsilontheory.com/) and co-founder of Second Foundation Partners, returns to The Julia La Roche Show to discuss narratives and how they shape everything from financial markets to politics.
✨ This episode is sponsored by Public.com. https://public.com/julia ✨
Paid endorsement for Public Investing, Inc. Not investment advice. All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC...2024-11-2150 minThe Julia La Roche Show#212 Michael Howell: Markets Are 'Front Running Liquidity' and Will Get 'Sandpapered to Death' by Bond YieldsMichael Howell, CEO of CrossBorder Capital, an investment advisory firm, and author of the book, “Capital Wars: The Rise Of Global Liquidity,” returns to The Julia La Roche for episode 212 to discuss the global liquidity cycle, markets, and why there's uncertainty in the year ahead.
✨ This episode is sponsored by Public.com. https://public.com/julia ✨
Paid endorsement for Public Investing, Inc. Not investment advice. All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offe...2024-11-1945 minThe Julia La Roche Show#211 Charlie Gasparino: Trump Put A Big Nail In The Coffin Of WokeVeteran journalist and bestselling author Charlie Gasparino, Fox Business Senior Correspondent and New York Post columnist, joins Julia La Roche in-studio to discuss his newest book, "Go Woke, Go Broke."
✨ This episode is sponsored by Public.com. https://public.com/julia ✨
Paid endorsement for Public Investing, Inc. Not investment advice. All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from...2024-11-1448 minThe Julia La Roche Show#209 Danielle DiMartino Booth On The Fed And Powell's Future, Why The U.S. Economy Is Already In Recession, And What's Really Happening In The Labor MarketDanielle DiMartino Booth, CEO and Chief Strategist for QI Research, a research and analytics firm, returns to The Julia La Roche Show for episode 209 to discuss the FOMC decision, the state of the economy, and the 2024 election results.
✨ This episode is sponsored by Public.com. https://public.com/julia ✨
Paid endorsement for Public Investing, Inc. Not investment advice. All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINR...2024-11-0945 minThe Julia La Roche Show#207 Dr. Gary Shilling On The Odds Of A Recession, Hidden Flaws In The Economy, And The 'Debt Bomb' Coming In The U.S.Legendary economist Dr. A. Gary Shilling, President of A. Gary Shilling & Co., an economic consulting firm and a registered investment advisor, joins Julia La Roche on episode on episode 207 to discuss the state of the economy.
✨ This episode is sponsored by Public.com. Lock in your 6.6% yield: https://public.com/julia ✨
Paid endorsement for Public Investing, Inc. Not investment advice. All investing involves the risk of loss, including loss of principal. Brokerage services for US Listed and registered securities, options and Bonds in a self-directed brokerage account are offered by P...2024-11-0235 minThe Julia La Roche Show#206 Grant Williams: Confusion, Division, & Loss of Trust — How And Why The Investment World Has ChangedGrant Williams, author of “Things That Make You Go Hmmm…” and host of The Grant Williams podcast, joins Julia La Roche on episode 206 for a wide-ranging conversation on macro.
✨ This episode is sponsored by Public.com. Lock in your 6.6% yield: https://public.com/julia ✨
Paid endorsement for Public Investing, Inc. Not investment advice. All investing involves the risk of loss, including loss of principal. Brokerage services for US Listed and registered securities, options and Bonds in a self-directed brokerage account are offered by Public Investing. ETFs, options and Bonds are availa...2024-10-291h 01The Julia La Roche Show#205 Jim Bianco: On Why The Market Is Signaling The Fed's Rate Cuts Are A Mistake, What's Really Going On In The Labor Market, And Why Inflation Is Here To StayJim Bianco, president of Bianco Research, returns to The Julia La Roche Show for episode 205 to discuss the macro view, why the market is signaling the Fed's rate cut was a mistake, the dynamics of the labor market, and the presidential election.
✨ This episode is sponsored by Public.com. Lock in your 6.6% yield: https://public.com/julia ✨
Paid endorsement for Public Investing, Inc. Not investment advice. All investing involves the risk of loss, including loss of principal. Brokerage services for US Listed and registered securities, options and Bonds in a se...2024-10-2544 minThe Julia La Roche Show#204 David Woo: 'So Many Things Can Go Wrong' — The Market Is Too Complacent Right Now About The Risk Of Israel-Iran War. Buy Your Investment Protection Before The Election.Macro trends blogger and economist David Woo @DavidWooUnbound, CEO of David Woo Unbound, a global forum devoted to the promotion of fact-based debates about markets, politics, and economics, joins Julia La Roche on episode 204 for a wide-ranging conversation on economics and politics and geopolitics.
✨ This episode is sponsored by Public.com. Lock in your 6.6% yield: https://public.com/julia ✨
Paid endorsement for Public Investing, Inc. Not investment advice. All investing involves the risk of loss, including loss of principal. Brokerage services for US Listed and registered securities, options and Bond...2024-10-221h 04The Julia La Roche Show#202 Steve Hanke: A Recession Is Still On The Way — What the Money Supply Tells Us About The EconomySteve H. Hanke, professor of applied economics at Johns Hopkins University and the founder and co-director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise, joins Julia La Roche on episode 202 for a conversation on the state of the economy, the money supply, inflation, and the upcoming election.
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Paid endorsement for Public Investing, Inc. Not investment advice. All investing involves the risk of loss, including loss of principal. Brokerage serv...2024-10-1550 minThe Julia La Roche Show#199 Josh Brown: You Weren't Supposed To See ThatJosh Brown, co-founder and CEO of Ritholtz Wealth Management, a New York City-based investment advisory firm managing over $5 billion, joins Julia La Roche on episode 199. Josh is a frequent commentator on CNBC's "Halftime Report," and the author of four books, including his newest, "You Weren't Supposed To See That: Secrets Every Investor Should Know."
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Paid endorsement for Public Investing, Inc. Not investment advice. All investing involves the risk of loss, including loss of principal. Brokerage services for US Listed and registered securities, opti...2024-10-0149 minThe Julia La Roche Show#198 Raoul Pal On The Economic Singularity: "We've Got 6 Years To Make As Much Money As We Possibly Can"Raoul Pal, founder and CEO of Real Vision and author of the Global Macro Investor, joins Julia La Roche on episode 198 to share his macro outlook and why he thinks we're headed for an Economic Singularity with the rise of AI.
✨ This episode is sponsored by Public.com. Lock in your 6.6% yield: https://public.com/julia ✨
Paid endorsement for Public Investing, Inc. Not investment advice. All investing involves the risk of loss, including loss of principal. Brokerage services for US Listed and registered securities, options and Bonds in a self-directed brokerage account are offered by Public Investing. ETFs...2024-09-2654 minThe Julia La Roche Show#197 Bill Fleckenstein On Why The Fed's Rate Cut Was A Mistake, The End Game For The Activist Central Bank Era, And The Psychology Of Market BubblesBill Fleckenstein, president and founder of Fleckenstein Capital, returns to The Julia La Roche Show for episode 197.
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Paid endorsement for Public Investing, Inc. Not investment advice. All investing involves the risk of loss, including loss of principal. Brokerage services for US Listed and registered securities, options and Bonds in a self-directed brokerage account are offered by Public Investing. ETFs, options and Bonds are available to US members only.
*A Bond...2024-09-2448 minThe Julia La Roche Show#194 Dr. Art Laffer: If Trump Wins And Follows The Economic Policies Of His First Term We Could See A Renaissance In AmericaDr. Art Laffer, one of the most influential economists of the past half-century, joins Julia La Roche for episode 194. Dr. Laffer is the founder and chairman of Laffer Associates, an economic research and consulting firm. Known as the "Father of Supply Economics," he is famous for developing the Laffer Curve, a representation of the relationship between tax rates and tax revenue that was foundational to supply-side economics. Dr. Laffer served as a member of President Reagan's Economic Policy Advisory Board for both of Reagan's terms.
✨ This episode is sponsored by Public.com. Lock in yo...2024-09-0359 minThe Julia La Roche Show#193 'The Bulls Are No Longer In Charge' — Tom McClellan On What The Market Is Signaling Right Now✨ This episode is sponsored by Public.com. Lock in your 6.9% yield: https://public.com/julia ✨
Tom McClellan, editor of The McClellan Market Report, and a prominent figure in the field of stock market analysis and technical analysis, joins Julia La Roche on episode 193 to share his views on the economy and markets in a presentation of charts.
Tom is the son of Sherman and Marian McClellan, who are recognized for creating the McClellan Oscillator and Summation Index in 1969. Tom McClellan has done extensive analytical spreadsheet development for the stock and...2024-08-2948 minThe Julia La Roche Show#192 Dr. Lacy Hunt On What The Huge Downward Revision In The Jobs Data Means For The EconomyLegendary economist Dr. Lacy Hunt, EVP and Chief Economist of Hoisington Investment Management Company, joins Julia La Roche on episode 192 for a wide-ranging discussion on the deteriorating economy.
In this episode, Dr. Hunt explains that non-farm payrolls overshot by five standard errors, making it the worst miss since a 9 standard one for 2009, during the GFC recession, and marking another bureaucratic failure. According to Dr. Hunt, the reported overshoot of 818,000 was based on an internal seasonally adjusted series, but based on the nonseasonal adjusted data, the overshoot was actually 915,000. Dr. Hunt explains that the non-farm job miss means...2024-08-271h 00The Julia La Roche Show#183 Neil Howe On The Fourth Turning, Tribalization of America, And The Attempted Assassination of Former President TrumpNeil Howe, an author, historian, demographer, economist, and consultant best known for his work on social generations and generational trends, joins Julia La Roche on episode 183 to discuss the Fourth Turning. Julia and Neil recorded this episode on Friday, July 12. After the attempted assassination of former President Donald J. Trump at a rally in Pennsylvania, Neil and Julia spoke again for about 20 minutes on Sunday afternoon, which airs at the beginning.
Along with the late William Strauss, Howe is credited with creating the concept of generational theory and popularizing terms such as "Millennial Generation." H...2024-07-151h 17The Julia La Roche Show#176 Economist Jonathan Treussard On The Extraordinarily Confusing Macro Data, Markets With A Memory Of A Goldfish, And If We're In Bubble TerritoryEconomist and investor Jonathan Treussard, founder of Treussard Capital Management, a Registered Investment Advisor, joins Julia La Roche on episode 176 to discuss the current state of the economy and markets.
Link:
https://www.treussard.com/julia
Timestamps:
00:00 Intro and welcome Jonathan Treussard
00:52 Macro view, confusing data, too much volatility
04:11 Wealth inequality
05:33 AI
06:33 Is the economy healthy?
07:55 Money illusion
10:07 Bubbles and assessing market valuations
14:36 Geopolitics
17:50 Middle class
19:50 From musician...2024-06-1350 minThe Julia La Roche Show#125 Jason Calacanis On American Society And Getting Past The Victim Mentality, Friendship With Elon Musk And Owning The First Tesla Model S, The All-In Podcast And Leaving Millions On The TableAngel investor and entrepreneur Jason Calacanis, “The World’s Greatest Moderator” and co-host/Bestie of All-In Podcast, joins Julia La Roche on episode 125 for a wide-ranging discussion. Calacanis, affectionately known as “J-Cal,” is one of the best angel investors in the world, having turned $100,000 into $100,000,000, with early investments in Uber, Calm, Robinhood, Wealthfront, and more. He co-hosts the popular All-In Podcast alongside Chamath Palihapitiya, David Sacks, and David Friedberg.
The conversation covers various topics, including the despicable display on Capitol Hill, the meaning of being an American, the impact of abundance on society. They also get in...2023-12-071h 02The Julia La Roche Show#123 Cullen Roche On Inflation, Why The Fed Won't Cut Rates Soon, And Is The S&P 500 Broken?Cullen Roche, CIO of Discipline Funds and author of Pragmatic Capitalism, returns to The Julia La Roche Show for episode 123.
Going into 2023, Cullen’s big call was disinflation, which was a largely correct call. In this episode, Cullen shares his views that it might take a full year for the Federal Reserve to hit the 2% target. Because of that, the Fed can’t start signaling rate cuts without risking a resurgence in inflation. Therefore, Cullen believes the Fed will remain tighter well into 2024, increasing the risk of a hard landing or credit event as we ge...2023-12-0135 minThe Julia La Roche Show#122 Charles Payne On The Bifurcated Economy, Being An Unbreakable Investor, And The Roaring 2020sCharles Payne, host of FOX Business Network’s (FBN) Making Money with Charles Payne (weekdays 2-3PM/ET), joined Julia La Roche on episode 122 to discuss his newest book, "Unbreakable Investor."
Charles began his career on Wall Street as an analyst at E.F. Hutton in 1985. In 1991, he founded Wall Street Strategies, an independent stock market research firm where he serves as chief executive officer and principal analyst. He published his first book, "Be Smart, Act Fast, Get Rich" in May 2007, and "Unstoppable Prosperity: Learn the Strategy I’ve Used for Years to Beat the Market" in 2019.
He joined FOX...2023-11-2826 minThe Julia La Roche Show#121 Raoul Pal: Get Ready For ‘Macro Summer’ — Falling Rates, Falling Inflation, And Growth Picking UpRaoul Pal, founder and CEO of Real Vision and author of the Global Macro Investor, joins Julia La Roche on episode 121 to share his macro outlook, views on cryptocurrency and AI, and his Exponential Age thesis.
In this episode, Pal makes a case that we’re currently in the bottom of the business cycle and could be headed for what he’s coined as “macro summer” next year. According to Pal, a macro summer is the “holy grail for macro investing,” characterized by falling rates, falling inflation and growth picking up. Pal noted that tech stocks and crypto priced...2023-11-2159 minThe Julia La Roche Show#116 Lyn Alden On Broken Money, Higher Inflation, Gold, And BitcoinInvestment researcher and macroeconomic analyst Lyn Alden, founder of Lyn Alden Investment Strategy, joins Julia La Roche on episode 116 to discuss her new book, “"Broken Money: Why Our Financial System is Failing Us and How We Can Make it Better.”
Links:
https://www.lynalden.com/
https://www.amazon.com/Broken-Money-Financial-System-Failing/dp/B0CG83QBJ6
https://twitter.com/LynAldenContact
The Julia La Roche Show is produced by Marlinski Media: https://www.marlinskimedia.com/
0:00 Welcome Lyn Alden to the show
1...2023-11-0259 minThe Julia La Roche Show#112 Darius Dale: Why We Could Have A Worse Recession Than Investors AnticipateDarius Dale (@DariusDale42), founder & CEO of 42 Macro, an investment research firm that aims to disrupt the financial services industry by democratizing institutional-grade macro risk management frameworks and processes, joins Julia La Roche on episode 112.
In this episode, Darius presented his proprietary 42 Macro Weather Model to share his economic and market outlook. Growth in the real economy is expected to decelerate over the next 12 months, while inflation is reaccelerating.
Darius’ model predicts below-normal returns for the stock and bond markets over the next three months. It also suggests above-normal returns for...2023-10-1940 minThe Julia La Roche Show#111 David Hay: The Odds Of A Recession Are Going Up, Not Down, With Each Passing DayDavid Hay, co-CIO at Evergreen Gavekal and author of the Haymaker newsletter on Substack, joins Julia La Roche on episode 111.
In this episode, Hay makes a case that the odds of a recession are going up, not down, with each passing day.
The conversation dives into the bond market, exploring the shift to a secular bear market and the implications this holds for the broader financial ecosystem.
Elsewhere, Hay shares where he’s allocated and why he’s mildly bullish on energy. He also points out we have a supply problem, and we’re like...2023-10-1735 minThe Julia La Roche Show#110 Marc Chandler: The Dollar's Rally Is, If It's Not Over Yet, It's Nearly OverMarc Chandler, chief market strategist at Bannockburn Global Forex and author of the blog Marc To Market, joins Julia La Roche on episode 110.
Chandler, who has three decades of experience in capital markets and foreign exchange, argues that the dollar trending higher since the end of the Great Financial Crisis is coming to an end.
"It seems to me in the stock market, you need a new opinion, like every week or every two weeks, but the currency markets just trend for a long time. And I think that the dollar's rally is, if it's...2023-10-1244 minThe Julia La Roche Show#109 Danielle DiMartino Booth: 'It’s Clear That The U.S. Economy Is In A Recession If It Wasn't For Everything That Uncle Sam Is Either Spending Or Fudging'Danielle DiMartino Booth, CEO and Chief Strategist for QI Research, a research and analytics firm, returns to The Julia La Roche Show for episode 109. In this episode, DiMartino Booth argues that the U.S. economy would already be in recession if it weren't for the government's spending.
A global thought leader in monetary policy, economics, and finance, DiMartino Booth founded QI Research in 2015. She is the author of FED UP: An Insider’s Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), a business speaker, and a commentator frequently featured on CNBC, Bloomberg, Fox News, Fo...2023-10-1028 minThe Julia La Roche Show#103 Matt Higgins: The Only Way Out Is A ReckoningWall Street Journal bestselling author Matt Higgins, author of “Burn the Boats” and co-founder and CEO of RSE Ventures — a private investment firm that focuses on sports and entertainment, media and marketing, food and lifestyle, and technology — joins Julia La Roche for episode 103 for a wide-ranging discussion on the economy, the consumer, artificial intelligence, and unlocking your individual potential.
Links:
Burn the Boats: https://www.amazon.com/Burn-Boats-Overboard-Unleash-Potential/dp/006308886X?
Matt Higgins on X: https://twitter.com/mhiggins
Matt Higgins on LinkedIn: https://www.linkedin.com/in/matt-higgins-rse/
RSE...2023-09-1951 minThe Julia La Roche Show#060 Tom Lee On Why Stocks Are Already In A New UptrendTom Lee (@fundstrat), managing partner and head of research at Fundstrat and FS Insight, joins Julia La Roche on episode 60 to discuss macro and markets.
In this episode, Tom makes a case that the markets bottomed in October 2022, and stocks have already been in an uptrend. He also shares what he thinks the bears are getting wrong.
With nearly 30 years of macro markets and equity research experience, Lee is one of Wall Street's most widely recognized and followed macro strategists. He’s best known for his evidence-based work on equity markets and fast-growing technologies, including di...2023-03-1059 minThe Julia La Roche Show#058 'Lunatic Farmer' Joel Salatin On The Only System That Can Ultimately Feed The WorldFamed farmer Joel Salatin, the co-owner of Polyface Farm in Swoope, Virginia, joins Julia La Roche on episode 58.
Joel, featured in the New York Times bestseller The Omnivore's Dilemma and the award-winning documentary Food Inc., has been called "the most famous farmer in America." He calls himself a "Christian libertarian environmentalist capitalist lunatic farmer."
In this episode, Joel shares how his style of regenerative farming is having a cinderella moment. He also outlines the frailties of a centralized industrial food system and why the decentralized, more democratized model is the way forward. According to Joel, i...2023-02-281h 07The Julia La Roche Show#055 Jim Grant: Disinflation For The Short Run, Inflation For The Long RunJames Grant (@grantspub), founder and editor of Grant’s Interest Rate Observer, a leading journal on financial markets since 1983, joins Julia La Roche on episode 55.
Jim Grant is also the author of multiple financial history and biography books. His journalism has been featured in Financial Times, The Wall Street Journal, and Foreign Affairs. He has appeared on 60 Minutes, Jim Lehrer’s News Hour, and CBS Evening News.
In this episode, Jim and Julia covered the monetary realm, the U.S. dollar, the U.S. indebtedness, gold, the Federal Reserve, inflation, bonds, and more.
According to Ji...2023-02-171h 07The Julia La Roche Show#053 Michael Howell On How Liquidity Drives Markets And Where We're Likely HeadedMichael Howell, CEO of CrossBorder Capital, an investment advisory firm, and author of the book, "Capital Wars: The Rise Of Global Liquidity," joins Julia La Roche on episode 53 to provide a deep dive on what is global liquidity, why it matters, and how it drives markets.
Michael points out that liquidity is inflecting upwards and explains what's driving that move and the implications for markets, which are sensitive to these infections. What's more, with the liquidity cycle inflecting upward, the economy will likely see a turning point in the U.S., which Michael predicts will happen around M...2023-02-071h 01The Julia La Roche Show#050 Cullen Roche On Macro Outlook And Housing RisksCullen Roche, CIO of Discipline Funds and author of Pragmatic Capitalism, joins Julia La Roche on episode 50 for a wide-ranging discussion of the macro environment and Housing — the risk keeping him up at night.
In this episode, Roche raises the point that when it comes to macro research, many economists argue that the U.S. economy is a housing economy, meaning when the housing market slows down a lot, it filters through everything else.
“It’s really up in the air… Does this environment look more like a 2008-type of slowdown? Is it more like a 2002-i...2023-01-2656 minThe Julia La Roche Show#048 Carol Roth On How The Government And The Fed Created The Largest Wealth Transfer In HistoryCarol Roth @caroljsroth, a “recovering” investment banker, financial television commentator, entrepreneur, and best-selling author, joins Julia La Roche on episode 48 to discuss her last book “The War On Small Business: How The Government Used The Pandemic To Crush The Backbone of America.”
Carol’s book highlights how the government's actions during the COVID-19 pandemic favored the wealthy and well-connected at the expense of small businesses. This has led to a consolidation of power and wealth, with small businesses struggling while the stock market reached new highs. According to Carol, this is not a new problem, but the pandemic e...2023-01-1958 minThe Julia La Roche Show#047 Joe Fahmy On Why Biotech Will Outperform The Broader Market In 2023Joe Fahmy (@jfahmy), a portfolio manager at Zor Capital, LLC, a New York-based investment management firm, joins Julia La Roche on episode 47 to share his 2023 market outlook.
In this episode, Joe shares his 2023 outlook and why he thinks the biotech sector is poised to outperform the S&P. He also reflects back on lessons gleaned from the challenging environment in 2022.
Joe explains why having a big-picture macro view is important, but there’s no need to obsess over it. He also shares why “don’t fight the Fed” has resonated with this trading and investment style in...2023-01-1738 minThe Julia La Roche Show#046 Whitney Tilson On Avoiding The 5 Calamities That Can Ruin YouFormer hedge fund manager Whitney Tilson, now the founder and CEO of newsletter publisher Empire Financial Research, joins Julia La Roche on episode 46 to share some worldly wisdom and his views on the market.
The bulk of this conversation focuses on life lessons from his new book “The Art Of Playing Defense: How To Get Ahead By Not Falling Behind.” Whitney outlines five calamities to avoid, including:
Loss of reputation and/or wealth
Loneliness and/or suffering a permanently impaired relationship with a loved one
A bad marriage, often ending in divorce
Addiction and abuse
The deat...2023-01-131h 34The Julia La Roche Show#045 Caleb Franzen: The Fed Is Being Challenged By Ongoing Labor Market DynamicsCaleb Franzen (@CalebFranzen), senior market analyst at Cubic Analytics, joins Julia La Roche on episode 45 to discuss macro, markets, Bitcoin, and more.
A big theme in the conversation centers around the labor market and the Fed. Franzen discusses the Federal Reserve's prioritizing of three methods for reducing demand to bring down inflation, including creating an inverse wealth effect, increasing the cost of capital, and softening the labor market. The Fed suppressed demand in two of its three approaches, but the dynamics in the labor market are keeping demand elevated and offsetting these effects. That's why the Fed f...2023-01-1042 minThe Julia La Roche Show#043 Jon Hilsenrath On Treasury Secretary Janet Yellen And Navigating An Era Of UpheavalJon Hilsenrath of The Wall Street Journal joins Julia La Roche on episode 43 to discuss his new book, "Yellen: The Trailblazing Economist Who Navigated an Era of Upheaval."
In this episode, Hilsenrath discusses his decision to write a book about Treasury Secretary Janet Yellen and her husband, Nobel laureate economist George Akerlof, in the form of a love story. He highlights the couple's central role in economic debates over the years. He aims to humanize top figures in economics while also incorporating historical lessons and personal lessons about work, family, and more. He also touches on the i...2022-12-2955 minThe Julia La Roche Show#042 MEGATHREATS: 'Dr. Doom' Nouriel Roubini's Scariest PredictionDr. Nouriel Roubini (@nouriel), Professor Emeritus of Economics at New York University's Stern School of Business, joins Julia La Roche on episode 42 to discuss his newest book, MegaThreats: Ten Dangerous Trends That Imperil Our Future, and How to Survive Them.
Roubini, known as "Dr. Doom" due to his tendency to make pessimistic predictions, warned of the housing crisis and impending recession, but it was too late. Roubini is now making another prediction that is even more alarming and should not be overlooked.
The world is facing a multitude of interconnected threats, referred to as Megathreats...2022-12-271h 26The Julia La Roche Show#041 Jim Bianco: Recession Has Become The New Bull Story On Wall StreetMacro researcher Jim Bianco (@biancoresearch), founder and president of Bianco Research, returns to The Julia La Roche Show for episode 41.
In this episode, Bianco makes the case that we’ve entered a different market era from 2009 to 2021 and why he doesn’t expect the Fed to cut rates or pivot anytime soon. He also breakdowns this paradox where for the first time most Wall Street strategists expect a decline in the stock market in 2023, which wasn't the case during the Great Recession or after 9/11. He explains that a recession has become their bull story where the Fed will c...2022-12-221h 15The Julia La Roche Show#039 Stephanie Link On The Fed, Markets, And Working With Jim CramerStephanie Link, Chief Investment Strategist at Hightower Advisors and CNBC contributor, Joins Julia La Roche on episode 39 to discuss the Fed’s latest interest rate hike, her economic and market outlook for 2023, her investment process, what makes a great CEO, working with Jim Cramer, and more.
Stephanie Link joined Hightower in June 2020 as Chief Investment Strategist and Portfolio Manager at Hightower. Before joining Hightower, Ms. Link was the Senior Managing Director and Head of Global Equities Research at Nuveen. She also served as Chief Investment Officer at TheStreet, Co-Portfolio Manager of Jim Cramer’s Charitable Trust, and Mana...2022-12-1554 minThe Julia La Roche Show#038 ‘Art & Equity’ With Blythe Masters, Brett Redfearn, Elizabeth Von Habsburg, and Carlos DomingoBlythe Masters, founding partner at Motive Partners; Brett Redfearn, founder of Panorama Financial Markets Advisory; Liz Von Habsburg, managing director at Winston Art Group; and Carlos Domingo, CEO of Securitize, join Julia La Roche on episode 38.
This episode is a recording of a panel from Art Basel hosted by Securitize called “Art & Equity: Expanding Access to High-Quality Assets from Fine Art to Private Equity.”
0:00 Intros
6:27 Defining tokenization, the blockchain
8:51 Use cases for tokenization
10:14 How blockchain, crypto has disappointed many
13:00 Looking at crypto/blockchain through First Principles
15...2022-12-1339 minThe Julia La Roche Show#037 Axel Merk On The Fed's Sledgehammer Approach To The EconomyMacro expert Axel Merk (@AxelMerk), Chief Investment Officer of and founder of Merk Investments, joins Julia La Roche on episode 37 to discuss monetary policy, the economy, gold, and more.
In this episode, Merk details the Federal Reserve's sledgehammer approach to monetary policy and why the central bank will likely push the economy into recession. He also shared his thesis on stagflation.
Merk outlined why next year's market might be "more nuanced." He also shared his outlook on gold, the U.S. dollar, and more.
Axel has grown Merk Investments into a $1 billion investment ad...2022-12-0855 minThe Julia La Roche Show#036 Jim Rickards: We're Looking At A Global RecessionJim Rickards (@jamesgrickards) returns to the Julia La Roche Show for episode 36 to discuss his new book Sold Out: How Broken Supply Chains, Surging Inflation, and Political Instability Will Sink the Global Economy.
In this episode, Rickards shares his macro view and why we may be headed for a global recession. He also provides a deep dive into supply chains, describing when and how they broke down and why they won't return to the way they were before 2019. He also shares the emergence of what he calls "supply chain 2.0," which he predicts will consist of a college...2022-12-061h 13The Julia La Roche Show#035 Envestnet Co-CIO Dana D’Auria On Personalizing PortfoliosDana D’Auria, co-CIO of Envestnet, joins Julia La Roche on episode 35.
D’Auria, an English major, started her career as a journalist on the business beat and transitioned into finance after earning an MBA. A background in writing has been instrumental in the investment world, especially in explaining complex topics.
She spent 14 years at Symmetry Partners, serving as director of research and managing director and portfolio manager before joining Envestnet. The fin-tech b2b company provides technology and tools for financial advisors to offer hyper-personalized experiences for clients’ portfolios.
Elsewhere, D’Auria shared her...2022-12-0142 minThe Julia La Roche Show#034 Carson Block On Latest Shorts And The 'Mass Investing Delusion' Of ESGCarson Block, the activist short seller, founder of Muddy Waters Capital, and host of Zer0es TV and the Zero F**ks Given podcast, joins Julia La Roche on episode 34.
Block rose to prominence over a decade ago by exposing Chinese companies listed in the U.S. that were frauds. He’s best known for his 2011 takedown of Sino-Forest, which overstated its timber holdings and ended up filing for bankruptcy, causing big-name investors to lose hundreds of millions.
Block is often referred to as an activist short seller because he conducts in-depth research, takes a po...2022-11-2947 minThe Julia La Roche Show#033 Jan Van Eck On Why Now Is The Time To Buy BondsJan Van Eck (@janvaneck3), CEO of Van Eck Funds, one of the world’s largest sponsors of exchange-traded funds (ETFs), joins Julia La Roche on episode 33 to discuss the next big investment opportunity in fixed income.
During the conversation, Jan explains why we’re entering a period where bonds will outperform equities. That’s why he thinks investors must be majority weighted in fixed income. He also points out that too many investors are too focused on the next equity rally since they’re accustomed to the Fed put.
The conversation also touched upon Bitcoin and digita...2022-11-2247 minThe Julia La Roche Show#032 Scott Galloway: It's Never Been Easier To Become A Billionaire, But It’s Never Been Harder To Become A MillionaireScott Galloway, Professor of Marketing at NYU Stern School of Business, and best-selling author of multiple books, including Adrift: America In 100 Charts, joins Julia La Roche on episode 32.
In this episode, Julia and Scott delve into the “hunger games, winner takes most” economy that’s emerged, where it’s never been easier to become a billionaire in America and never been harder to become a millionaire. According to Scott, a millennial born in 1984, who’d be 37, only has a 50% chance of doing better economically than their parents. Scott highlights the erosion of the middle class in the U.S. and wh...2022-11-171h 00The Julia La Roche Show#031 Danielle DiMartino Booth On Recession, Housing, And Killing The Fed PutDanielle DiMartino Booth, the CEO and Chief Strategist for Quill Intelligence LLC, a research and analytics firm, joins Julia La Roche on episode 31.
DiMartino Booth set out to launch a #ResearchRevolution, redefining how markets intelligence is conceived and delivered with the goal of not only guiding portfolio managers, but promoting financial literacy. To build QI, she brought together a core team of investing veterans to analyze the trends and provide critical analysis on what is driving the markets – both in the United States and globally.
Since inception, commentary and data from DiMartino Booth’s The Daily F...2022-11-1640 minThe Julia La Roche Show#029 Steve Case On Peak Silicon Valley And The Rise Of The RestBillionaire investor and tech entrepreneur Steve Case, the co-founder of AOL and now the CEO and Revolution, joins Julia La Roche on episode 29 to discuss his newest book, "The Rise Of The Rest: How Entrepreneurs in Surprising Places are Building the New American Dream."
In 2014, Case launched Revolution's "Rise of the Rest," an initiative to accelerate the growth of startups based outside of Silicon Valley. Rise of the Rest is based on a simple idea: talent is equally distributed, but opportunity is not.
Historically, 75% of venture capital money has flown to three states — California, New Yo...2022-11-0853 minThe Julia La Roche Show#027 Rick Rule: The Damage Will Be Severe But SurvivableInvestor and speculator Rick Rule, president and CEO of Rule Investment Media and board member of startup bank Battle Financial, joins Julia La Roche for a wide-ranging discussion on natural resources.
Rule, who has more than 49 years of investing experience, looks at the macro picture from the lens of a credit analyst. He’s long-term optimistic but short-term pessimistic, thanks mainly to the excesses of artificially low interest rates, artificially induced liquidity, and systematic overregulation. Rule expects there will be 3 or 4 “very hard years not too far in the future,” and it will be “severe but survivable.” He added th...2022-11-0158 minThe Julia La Roche Show#026 Brent Donnelly On Why It’s Starting To Feel Like 2001Brent Donnelly (@donnelly_brent), president of Spectra Markets, joins Julia La Roche on episode 26. Brent has been trading since 1995 and writing about global macro since 2004. He is the author of “Alpha Trader” (2021) and “The Art of Currency Trading” (Wiley, 2019). He writes a widely-read and highly-respected global macro daily called am/FX. He just published a trader handbook and almanac this week.
Throughout his career, he has been a market maker, trader, and senior manager at some of the top banks in the U.S. and a portfolio manager at a major hedge fund. Brent also has a creative...2022-10-2752 minThe Julia La Roche Show#024 "Convexity Maven" Harley Bassman On Repricing For RealityFixed income market legend Harley Bassman (@convexitymaven), known as “The Convexity Maven,” joins Julia La Roche on episode 24 for a wide-ranging conversation on the bond market, volatility, housing, demographics, and more.
Bassman is currently a managing partner at Simplify Asset Management, a fast-growing Exchange Traded Funds (ETFs) provider. At the recording date, the Simplify Interest Rate Hedge ETF (PFIX), which aims to hedge interest rate movements arising from rising long-term interest rates and to benefit from market stress when fixed income volatility increases, is up 100% year-to-date.
Bassman is also the creator of the MOVE Index, a sta...2022-10-2059 minThe Julia La Roche Show#023 Nick Maggiulli On Why You Should ‘Just Keep Buying’Ritholtz Wealth Management COO Nick Maggiulli (@dollarsanddata), author of “Just Keep Buying: Proven Ways to Save Money and Build Your Wealth” and the popular finance blog Of Dollars And Data, joins Julia La Roche on episode 23.
In 2017, Nick made it his New Year’s Resolution to publish a weekly blog post. His “Of Dollars And Data” blog has grown in popularity, and his writing habit turned into a book deal.
In the conversation, Nick discusses his strategies for saving money and investing. He shared the biggest life perpetuated by personal finance experts, his “2X Rule” that lets you en...2022-10-1852 minThe Julia La Roche Show#021 Jim Rickards: We're Going To Wake Up This Winter With A Severe RecessionBest-selling author Jim Rickards joins Julia La Roche on episode 21 of the podcast to discuss his outlook on why a severe recession is coming and how to prepare for it.
Rickards is a New York Times bestselling author of Currency Wars: The Making of the Next Global Crisis and several other best-sellers, including The New Great Depression, Aftermath, The Road to Ruin, Death of Money, and The New Case for Gold. He is the author upcoming book Sold Out: How Broken Supply Chains, Surging Inflation, and Political Instability Will Sink the Global Economy. An investment advisor, lawyer, inventor...2022-10-111h 05The Julia La Roche Show#020 Josh Brown: You Weren’t Supposed To See ThatJosh Brown, co-founder and CEO of Ritholtz Wealth Management, a New York City-based investment advisory firm managing over $2.7 billion, joins Julia La Roche on episode 20.
Josh, a frequent commentator on CNBC, is the author of three books, including Backstage Wall Street and the popular financial blog, The Reformed Broker.
In this episode, Josh shares his journey from a retail stockbroker launching a financial blog during the 2008 crisis to building and scaling an RIA. For Josh, writing changed the course of his career. Writing is what connected Josh with his firm's co-founder, and creating content through b...2022-10-0654 minThe Julia La Roche Show#019 Marty Chavez On How Software Ate FinanceJoining Julia La Roche on episode 19 of the podcast is R. Martin (“Marty”) Chavez, a partner and vice chair of Sixth Street Capital and a former Goldman Sachs executive.
Before joining Sixth Street, a global investment firm with more than $60 billion in assets under management, Chavez served in various senior roles at Goldman Sachs, including Chief Information Officer, overseeing the firm’s 9,000 engineers; Chief Financial Officer; and global co-head of the firm’s Securities Division. Chavez was also a partner and member of the Goldman Sachs management committee.
In this episode, Chavez shares his background, growing...2022-10-0455 minThe Julia La Roche Show#018 David Friedberg On Reimagining The World Through DecentralizationInvestor and entrepreneur Dave Friedberg (@friedberg), the CEO of The Production Board and co-host/“Bestie” on The All-In Podcast, joined Julia La Roche on today’s episode for a wide-ranging conversation.
Friedberg was born in South Africa and moved to Los Angeles with his family at age 6. Friedberg studied astrophysics and UC Berkley. He joined Google months before its initial public offering working in corporate development. At the end of 2006, Friedberg left Google to start The Climate Corporation, a software company focused on agriculture. Monsanto acquired the Climate Corporation in 2013 for around $1 billion.
In the episode...2022-09-291h 14The Julia La Roche Show#017 Jim Rogers: The Next Bear Market Will Be 'The Worst In My Lifetime'Legendary investor and “adventure capitalist” Jim Rogers joins Julia La Roche on this episode for a wide-ranging conversation from the economy, markets, and investing to seeking adventure and lessons for younger generations.
In this episode, Julia and Jim revisit his Guinness World Record adventures, including his motorcycle ride across six continents in the early 90s and his journey across 116 countries in a custom-made yellow Mercedes convertible at the turn of the century.
In the conversation, Jim shares his views on the global macro economy and markets. The 79-year-old investor predicts that the next bear market will b...2022-09-2754 minThe Julia La Roche Show#016 Marc Benioff On The New Era For BusinessBillionaire tech titan Marc Benioff, the founder and CEO of Salesforce, joins Julia La Roche on a special episode at Dreamforce, the software and cloud giant's annual technology conference in San Francisco.
This year's Dreamforce attracted 40,000 attendees, making it the most significant event in San Francisco since the COVID pandemic. Benioff shared that the event brought in an estimated $40 million to the local economy, giving a much-needed "big shot in the arm" to the city. With sparsely populated offices, the San Francisco native CEO made a case for companies choosing San Francisco to host large events and c...2022-09-2324 minThe Julia La Roche Show#015 Activist Short-Seller Dan David On 'The China Hustle' And Uncovering FraudsActivist short-seller Dan David, the founder of Wolfpack Research and host of the “I Hung Up On Warren Buffett” podcast, joins Julia La Roche on today’s episode. Dan is best known for uncovering frauds in Chinese companies listed on U.S. exchanges.
In this episode, Julia and Dan discuss his journey from being a long-only investor to an activist short-seller exposing frauds. Dan delves into his process of uncovering fraudulent companies, from deploying a tea salesperson to inquire how many employees were at a plant to posting video cameras to monitor truck traffic. Dan also details the in...2022-09-2058 minThe Julia La Roche Show#013 Epsilon Theory's Ben Hunt On The Narratives EverywhereBen Hunt, the author of Epsilon Theory and co-founder of Second Foundation Partners, joins Julia La Roche to discuss narratives and how they shape everything from financial markets to politics.
Ben’s Epsilon Theory is a newsletter read by over 100,000 investors and allocators that examines markets through the lenses of game theory and history and provides novel insights into market dynamics.
In this conversation, Ben details his focus in the investment world on examining unstructured data, which includes “the words that we read and the messages that we hear.” He explains that whether it’s in investi...2022-09-1358 minThe Julia La Roche Show#012 Jim Bianco: This Is The New Normal. Get Used To It.Macro researcher Jim Bianco, the president of Bianco Research, joins Julia La Roche for a wide-ranging conversation on the macroeconomic environment. Bianco’s research style is macro with a bent toward fixed income and dabbles in the traditional macro to highlight things that people are not focused on or emphasizing enough.
In the conversation, Bianco highlights three bubbles that existed pre-2020 that were unrelated to the financial markets, including cheap labor, goods, and energy. According to Bianco, the pandemic pulled forward 20 to 30 years of change, and we are not returning to a pre-2020 way of life of gl...2022-09-081h 02The Julia La Roche Show#011 Anthony Scaramucci On Failure, Bitcoin, and TrumpAnthony Scaramucci, founder/managing partner of fund-of-funds SkyBridge Capital and affectionately known as "The Mooch," joins Julia La Roche for a wide-ranging conversation on life, business, investing, and politics.
Scaramucci details some of his biggest career failures — including being fired by Goldman Sachs, failing the New York State bar exam, and getting fired from the White House — and the lessons learned along the way, from resilience to relationship building.
Scaramucci also discusses the markets and the opportunities he sees in this environment. Once a bitcoin skeptic, Scaramucci talks about SkyBridge's big bet on the cryptocurrency, why he...2022-09-0655 minThe Julia La Roche Show#010 Kyle Bass On Energy, China, Inflation, And MoreTexas-based hedge fund manager J. Kyle Bass, the founder and chief investment officer of Hayman Capital Management and founder of private equity firm Conservation Equity Management, joins Julia La Roche for a wide-ranging discussion on macroeconomics, geopolitics, and investment opportunities.
Regarding macroeconomics, Europe is facing one of the worst winters of high power prices ever due to its overreliance on Russia and policies pushed by shareholders, NGOs, and teenagers. As a result, Bass expects Europe to see a meaningful recession. What's more, he believes the solution to the mess in the short-to-intermediate term is more hydrocarbons and e...2022-09-0153 minThe Julia La Roche Show#008 Alan Patricof on 50 years of investing, Burning Man and the NYC Marathon at 87, and living to 114Alan Patricof (@alanjpatricof) is a venture capital pioneer with a career spanning more than 50 years and showing no signs of slowing down. The 87-year-old started his third venture capital business nearly two years ago called Primetime Partners, wrote his first book published this year, and this week he'll be attending Burning Man, and in the fall, he'll run the New York City Marathon for the sixth time.
He joins Julia La Roche on this episode for a wide-ranging conversation on life and investing.
Patricof started in venture capital at 36 in 1970, before a venture capital industry e...2022-08-2557 minThe Julia La Roche Show#005 Hugh Hendry on Why We’re Already in the 4th DepressionContrarian macro investor and thinker Hugh Hendry (@Hendry_Hugh) joins Julia La Roche for a two-hour, unfiltered conversation that covers everything, from his early years in the hedge fund world to why he’s currently fearful of the economy.
In this episode, Hugh discusses his time “healing” from the hedge fund world while living on St. Barts for the past five years. He revisits his earliest years, how he got into markets, and his investment process while running his hedge fund.
Hugh also explains why he’s fearful of the economy and unpacks his views on why h...2022-08-161h 56
The Julia La Roche Show#003 David Cote on Winning Now, Winning LaterDavid Cote, executive chairman of Vertiv Holdings and former CEO of Honeywell, joined Julia La Roche for a wide-ranging discussion of his best-selling book “Winning Now, Winning Later.”
Cote knows a thing or two about turning things around. He describes his early years as a “tumultuous beginning.” The first in his family to graduate high school, Cote had a 1.8 GPA in college before he stopped attending classes to be a fisherman. Shortly after getting married, Cote and his wife found out they were expecting, and he only had $100 in the bank. Cote got serious and returned to school...2022-08-0956 min
The Julia La Roche Show#002 Bill Browder on Surviving Putin's WrathBill Browder is one of the most influential human rights activists in the world today, working to hold human rights abusers to account. Browder architected and spearheaded the campaign to pass The Magnitsky Act, a federal law that allows for sanctions, freezing assets, and visa bans on foreign nationals who’ve committed human rights abuses.
Browder, the founder of hedge fund firm Hermitage Capital Management, was once the largest foreign investor in Russia, where he took an activist investing approach by exposing high-level corruption among company managers and officials. He was expelled from Russia in 2005 and declared a...2022-08-0955 min
The Julia La Roche Show#001 Morgan Housel on The Psychology of MoneyIn this episode, Julia La Roche (@julialaroche) is joined by Morgan Housel (@morganhousel), the best-selling author of “The Psychology of Money,” with over 2 million copies sold worldwide. Even Morgan was surprised by the book’s viral success after being turned down by every major New York publisher before being picked up by London-based Harriman House.
“The Psychology of Money” surfaces timeless lessons on wealth, greed, and happiness hiding in plain sight. During this conversation, Morgan takes us inside his writing process. Morgan also shares stories of the rich throwing gold coins into the Pacific Ocean (for fun!) only to la...2022-08-091h 00
The Julia La Roche ShowTrailer | The Julia La Roche ShowThe Julia La Roche Show brings you in-depth conversations with top CEOs, investors, founders, academics, and the emerging names she finds fascinating. Julia (@JuliaLaRoche), a veteran financial correspondent, dives deep into the lives and minds of her guests, uncovering their stories, experiences, and insights. Whether you’re interested in finance, technology, entrepreneurship, or want to hear compelling stories and pick up some worldly wisdom, this podcast is for you. Tune in every Tuesday and Thursday, and join Julia for enlightening conversations.
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