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Tavi Costa, Partner and Macro Strategist at Crescat Capital, joins us in a conversation to understand the complexities of the current macroeconomic landscape and its unprecedented challenges resulting in a perfect storm.
Tavi Costa, Partner and Macro Strategist at Crescat Capital, joins us in a conversation to understand the complexities of the current macroeconomic landscape and its unprecedented challenges resulting in a perfect storm.
Tavi explains how a worrying US trade deficit and fiscal deficit can contribute to worsen the existing fragility of financial markets. Although the labour market shows strength, we dive into the different recession indicators that could shatter a heavily leveraged economy. We also discuss why inflation will remain elevated, implying higher federal funds rates and the case for stagflationary times but most importantly how resource-based economies could see stronger growth in a commodity-driven decade.
On the asset price action, the commodity bull run could bring gold at $10,000 / ounce by 2030 and replace bonds as reserve assets in the quest for a balanced portfolio. On the contrary, overvalued and speculative tech stocks bubbles could burst and wreck havoc in financial markets.
