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The Biggest Emerging Macro Stories in the World - Interview with Raoul Pal

The Biggest Emerging Macro Stories in the World - Interview with Raoul Pal

Published on May 24, 2017

Key highlights:

  • Importance of ISM to business cycles.
  • Where are we now in the business cycle?
  • Bond yields should be significantly lower.
  • Oil is likely to become weaker, oil is very cyclical. There is largest ever speculative positioning in the history of oil, 7-8 standard deviations out of normal. Too many people are involved in the long position. Oil is probably $10-$15 too high today around $50
  • Cyprus and Greece are interesting investment opportunities. Markets with 90-95% decline. You can be hit by 50% loss first but the potential is often at least 10 fold from current price levels.
  • There is a bigger opportunity in battered developed markets than in emerging markets.
  • The conversation then steers toward one of the biggest emerging macro story in the world – India. The cash ban in India will have tremendous impacts on business, taxes, banking system and telecommunication sector.
  • Google is relatively overvalued when one recognizes that it is a media company. IBM on the other side has ridiculously low P/E ratio considering their innovation.
Interview with Marin Katusa on gold, uranium, bubbles and Baby Boomers money

Interview with Marin Katusa on gold, uranium, bubbles and Baby Boomers money

Kyle Bass Talks About His Investment Approach

Kyle Bass Talks About His Investment Approach