The Pragmatic Investor

My guest today is Michael Howell , the author of Capital Wars. He understands Global Liquidity and its effects on markets better than anyone I know, and I got the chance to pick his brains for an hour in this conversation.Expect to learn:* How Trump’s presidency will affect markets in 2025* The outlook for liquidity * Risks to global liquidity as debt refinancing comes due* Best assets to hold short and long-termCheck out Michael’s work:https://substack.com/@capitalwarshttps://www.crossbordercapital.com/https://x.com/crossbordercap This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit jamesfoord.substack.com/subscribe

Investment Grade Analysis 20% Discount"The Pragmatic Investor" featuring guest Alejandro Yela , a writer on Substack known as The Hermit.The conversation revolves around Alejandro's approach to investing, his background, and his experiences in the financial world. Alejandro shares insights into his investment strategies, particularly his approach to deploying capital during specific periods. He highlights a significant trade where his position grew substantially in a short time, reflecting on the volatility and the successes of his strategy.Additionally, Alejandro discusses his writing on Substack, where he blends investment analysis, historical insights, and personal reflections. His writing covers various topics like natural monopolies and historical financial crises, aiming to educate readers and make them better investors.Alejandro emphasizes that his work is both practical and timeless, with content that will remain relevant over time.James Foord praises Alejandro's writing and encourages the audience to follow his Substack. The interview closes with the two expressing hopes to collaborate again in the future. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit jamesfoord.substack.com/subscribe

Investment Grade Analysis 20% Discounthttps://www.seekingalpha.link/34TNL7J/2QZRGT/My guest today is Michael Howell, the author of Capital Wars.He understands Global Liquidity and its effects on markets better than anyone I know, and I got the chance to pick his brains for an hour in this conversation.Not only did we discuss liquidity, but also the dollar system, Bitcoin, the outlook for the rest of 2024 and much more.Check out Michael’s work:https://substack.com/@capitalwarshttps://www.crossbordercapital.com/https://x.com/crossbordercapCheck Out My Stuff!Follow Me:   / @thepragmaticinvestor  https://x.com/JamesCFoord00:00 Introduction02:30 What Is Global Liquidity?05:20 What determines Liquidity?10:30 How the MOVE Index affects liquidity15:20 Where are we in the liquidity cycle?22:00 China and the PBoC26:30 Federal Reserve and TGA31:00 World economy and QE39:00 Long-term effects: Monetary Devaluation45:00 Bitcoin as a monetary hedge46:00 Protect your portfolio51:00 US dollar and US Outperformance53:00 AI and market concentration This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit jamesfoord.substack.com/subscribe

My guest today is Nader, a fellow trader and content creator. The Ethereum ETF will probably be approved soon, and there are talks of a Solana ETF in the works too. Solana has seen a massive rally since the lows, and a lot of people believe it could even overtake Ethereum. Which is the better buy now? In this episode, we talk about Ethereum and Solana and our expectations for the future. We then also dive into different AI altcoins we are interested in.Follow Nader:  @Realchartchamp  Follow Me: https://jamesfoord.substack.com/https://www.youtube.com/@thepragmaticinvestorAre you interested in getting more data on valuations, earnings reports and access to countless high-quality articles on stocks?Then I highly recommend you check out Seeking Alpha. Though I am now a full-time analyst and contributor, I first started writing for SA only because I wanted to obtain access to their tools and data. (That’s where I got the charts above)I use SA every day to scan for stocks, find great ideas, make investment decisions and also participate in its thriving community.Start your free trial now and get a 20% discount! This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit jamesfoord.substack.com/subscribe

After another blowout quarter by $NVDA, the AI narrative is in full swing again.But is there still money to be made here?How will NVDA and the AI market fare if the economy slows down?And what can we expect from the US economy and stock market in 2024?I discussed all this with Amrita Roy, who is incredibly knowledgeable when it comes to macro and technology.I thoroughly enjoyed this conversation, and hope you will too.Follow AmritaFollow Me:https://www.youtube.com/@thepragmaticinvestor This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit jamesfoord.substack.com/subscribe

My Guest today is My Weekly Stock , a fellow author and technical analyst.We sat down today to discuss MWS’s trading system. The indicators he looks at, how he manages risk and most importantly, how he fits in trading with a full-time job.MWS uses momentum trading in order to find good spots to enter and exit trades, but this is just one of many methods you can use.In order to trade successfully, you must find a system that works for you and fits your lifestyle.Follow My Weekly Stock https://twitter.com/MyWeeklyStockhttps://www.instagram.com/myweeklystock/Follow mehttps://www.youtube.com/@thepragmaticinvestor/videos This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit jamesfoord.substack.com/subscribe

My guest today is George Robertson, who comes on for a second time to follow up on the ideas he shared with us three months ago. After closing in on 5000 SPX, much like he predicted, the question now is; what next?George takes a simple idea, the unprecedented amount of fiscal stimulus, and uses this to develop a robust and complex investment thesis. Today, we talked about GDP, fiscal stimulus, the Fed, monetary policy, politics and the role of the US and US dollar. George is incredibly knowledgeable and a must-follow in the investment space: Follow George:https://twitter.com/BickerinBrattle George Robertson Follow Me: https://twitter.com/JamesCFoord https://www.youtube.com/@thepragmaticinvestor This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit jamesfoord.substack.com/subscribe

My guest today is Gary from Dailytstockpicks, a fellow podcaster, YouTuber, substack author and investor. After finding Gary’s podcast, I thought it would be a great idea to bring him on to talk to us about his investment style, general market outlook and the tools he uses daily as a trader/investor. Gary is very knowledgeable when it comes to technical analysis, which he complements with fundamentals. He has a really practical approach and is really good at understanding how to manage a portfolio in a simple yet effective way. I especially enjoyed talking about the tools he uses daily, such as SA and Trendspider. Follow Gary https://linktr.ee/dailystockpick Follow Me https://www.youtube.com/@thepragmaticinvestor https://jamesfoord.substack.com/ This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit jamesfoord.substack.com/subscribe

My guest today is Ben, from  @morecryptoonline. He is a fellow Elliott Wave analyst and crypto investor. A lot has happened since our last chat about Bitcoin, with the world's first cryptocurrency breaking past $40,000. Is this a new bull market? How high can Bitcoin go? What are the best altcoins to invest in? These are only a few of the questions we covered today. I always enjoy talking to Ben. His command of EWT is unparalleled, and he is also great at laying out the theory and levels in a way that traders and investors can actually implement. Follow Ben https://www.morecryptoonline.com/ https://www.youtube.com/@morecryptoonline Follow Me https://jamesfoord.substack.com/ https://www.youtube.com/@thepragmaticinvestor This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit jamesfoord.substack.com/subscribe

00:00 Introduction06:00 A Different Way Of Thinking12:00 What really happened in the GFC?25:00 A Secular Housing Shortage32:00 Housing Market in 202447:00 The Fed Did Not Kill Inflation01:10:00 How To Profit From HousingKevin Erdmannis the author behind the Erdmann Housing Tracker. He is also the author of Building from the Ground Up: Reclaiming the American Housing Boom and Shut Out: How a Housing Shortage Caused the Great Recession and Crippled Our EconomyI stumbled onto Kevin’s substack and was quickly captivated by his unique views on the Fed and housing. In this conversation, we talked about the role of housing and real estate in the economy. How this affect the business cycle and, most importantly, what the underlying secular trends driving housing are.Kevin believes there is a secular shortage of housing in the US, which will support continued price appreciation. So how do we profit from this? That’s exactly what we discussed in the last quarter of the interview, and Kevin went into great depth as to how investors can benefit in the coming years, even dropping some specific namesDon’t forget to follow Kevin:Disclaimer: This interview is intended for general guidance and information purposes only. This report is under no circumstances intended to be used or considered as financial or investment advice, a recommendation or an offer to sell, or a solicitation of any offer to buy any securities or other form of financial asset. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit jamesfoord.substack.com/subscribe