No. of Recommendations: 11
We are living through a profound structural change in how the world works. Russell Napier
Came across Russell Napier today. If you are interested in financial markets, you will find what he has to say about the history of financial markets and is predictions interesting. He covers the whole spectrum.
Below is one example of his comments. YouTube videos are worth a watch.
A lot of what he is advocating aligns with how Buffett is currently invested.
https://www.youtube.com/live/V4osiZHKrVY?si=u7-YTa...https://youtu.be/S5NA0nS2o-8?si=M8N52tj1TAeqGq4jhttps://youtu.be/nHFP0eauiaE?si=Hc7yokasYuF1RN-fNever, ever think about anything else, when you should be thinking about incentives said Charlie Munger. We need to consider this when making our investments. Owner operated versus agents. But the biggest question facing the financial world today are: what are the incentives for Xi Jinping when he along decides on things like. What will he do about the growth? Confrontation with the West? Will the currency continue to float against the dollar? One view is he will have to reflate his economy and do whatever is necessary, even though he doesn’t have to win elections. He cares about social stability and therefore has to reflate the Chinese economy. And that is not possible with a stable exchange rate. It’s nuts that the world’s 2nd biggest economy pegs its exchange rate with someone else. The implications of this will be profound. Since 1994, the link has set the course of the Western financial system. Low inflation, low interest rates, massive leverage increases. A reversal would be shocking. China needs to get out of the deflationary mess it is currently in.
