Ep. 68: John Butler on Stagflation, Gold and Bitcoin

John Butler has 25 years’ experience in international finance. He has served as a Managing Director for bulge-bracket investment banks in research, strategy, asset allocation and product development roles, including at Deutsche Bank and Lehman Brothers. He has advised some of the world’s largest institutional and private investors, and he has been a #1 ranked Investment Strategist by Institutional Investor magazine. His past publications include his popular Amphora Report investment newsletter and the book ‘The Golden Revolution’. In the podcast, we talk about:

1. Why stagflation is here
2. The problem with large fiscal and public spending plans
3. The moral hazard of Fed policy
4. Why was inflation low after the global financial crisis?
5. The absence of excess capacity and parallels to 1970s
6. How to play a stagflation theme
7. Is there a commodity supercycle?
8. The future path of gold
9. Why bitcoin won’t replace the dollar (or gold)
10. The importance of risk management
11. Book that influenced John: Money and Magic (Binswanger)

You can follow John on Twitter and read his articles here.

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(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)