Thanksgiving “Ask Me Anything” with Ed and Jack

Published on
November 26th, 2020
Duration
48 minutes


Thanksgiving “Ask Me Anything” with Ed and Jack

Daily Briefing ·
Featuring Jack Farley and Ed Harrison

Published on: November 26th, 2020 • Duration: 48 minutes

Real Vision managing editor Ed Harrison welcomes Jack Farley for a Thanksgiving “Ask Me Anything” special edition of the Daily Briefing. Sourcing questions from the Real Vision Exchange, Jack asks Ed questions about whether the U.S. will enter a second round of lockdowns, and whether the equity market could once again undergo a major crash. Ed shares his views on the future of debt, deflation, and commodities, over the next 30 years, as well as his technique learning new languages. Jack and Ed share the ways in which they follow market news, as well as their views on the difference between accounting antics and downright fraud. Lastly, Jack and Ed give an inside look at Real Vision’s ongoing mission to democratize finance.

Comments

Transcript

  • BA
    BURHANUDDIN A.
    28 November 2020 @ 07:25
    I don't get how millennials date these days, even more so during the lockdown era. Jack said it someone he's seeing. Ed calls her Jack's 'girlfriend'. Jack also casually referenced using the Hinge dating app. [Goes checking the Match Group MTCH stock price chart.]
    • JF
      Jack F. | Real Vision
      29 November 2020 @ 03:25
      Burhanuddin it's all about going someplace downtown that has a line but you have a rez so you get in
    • JF
      Jack F. | Real Vision
      29 November 2020 @ 03:28
      also Hinge is no doubt a good service - but what is the future of business whose product is "meant to be deleted"? I am of course being coy as that's just marketing shtick - but I would look into the monetization strategies before investing in MTCH. It's priced for perfection meaning it has to be a very high quality business. Which it very may well be. But to see serious returns to capital MTCH has to decrease my user experience in order to incentivize me to pay-up
    • BA
      BURHANUDDIN A.
      29 November 2020 @ 04:46
      Hi Jack thanks for the reply. Certainly for dating apps whose intended result is marriage or a LTR, instead of hookups like Tinder, then the app succeeds when the user does not need it anymore, unless LTRs become increasingly obsolete due to hookup culture, various economic conditions & male-female ratios (Birger's 'Date-Onomics'). There's a possibility that the Facebook Dating feature would wipe out the competition but I am not aware of it's current success or failure since its limited launch. Services involving 'virtual' relationships, which have become increasingly popular in recent years, especially during lockdown, like Onlyfans & certain webcam companies could change the business but I don't know -- not to mention sites like Ashley Madison. Possibly something akin to the Black Mirror episode ' Striking Vipers' might be in the works, where one's identity becomes less tied up to one's biological IRL & more to one's avatar.
    • JF
      Jack F. | Real Vision
      29 November 2020 @ 16:21
      Interesting, thanks for sharing your views. A true VR relationship like in Black Mirror is many years away but I wouldn't count it out. I haven't heard of Date-Onomics but I should look into it. Ashley Madison I understand is for adulterous relationships (?) and only fans is parasocial relationship I think - the fans know the person on screen but not the other way around, i.e. a one-sided relationship.
  • KR
    Kevin R.
    29 November 2020 @ 02:21
    As an individual investor, what is important to me, is to find an financial planner who is accurate , everything is just noise. I have been searching for the last 10 years and have yet to find a financial planner who is right most of the time. How hard can this be?
  • RC
    Reese C.
    27 November 2020 @ 06:36
    I'm bullish on Jack's relationship with his new girl.
    • BA
      BURHANUDDIN A.
      28 November 2020 @ 07:28
      Ed called her a 'girlfriend', but Jack earlier casually mentioned he's still on the Hinge dating app.
  • AS
    Alan S.
    27 November 2020 @ 14:39
    Didn't you guys say only a few weeks back that you'd be doing a Daily Briefing whenever Wall St is trading!
    • ML
      Michele L.
      28 November 2020 @ 01:02
      wall street doesnt trade on thanksgiving when this aired.
    • AS
      Alan S.
      28 November 2020 @ 04:05
      ah, thanks Michele!
  • RS
    Robert S.
    27 November 2020 @ 21:44
    My comment is in reference to the Asian currencies having a more dominant role in global currencies. The problem with the Chinese yuan is that the government has such a big brother control on the liquidity of their currency. I don't see the yuan playing too much more a dominant role if the world feels uncomfortable with the xfer relative to the USD. BTC, still is the best model IMO, for asset value safeguard, in the long term.
  • Jv
    Joël v.
    27 November 2020 @ 19:34
    Dutch mil service & height. You had standard issue clothing, tents etc. that came in several sizes but you can't fit everybody. It's that simple i guess. There was simply a bandwidth and you couldn't be too small or tall. I'm 6.5" or 195 cm (my mother is 6.1). I was a drafted sergeant in the army and never have i seen differences in social class so vividly displayed physically: all the other drafted petty officers and officers in my compagnie were huge, starting 6.2 i'd say up to 6.6 (this is the mid nineties). All the soldiers where 5 to ten inches shorter. Your education decided over whether you'd become a soldier or a (petty) officer. As far as i know height is a function of diet, access to quality healthcare and genes. Right now you can see immigrant children get really tall towering over their parents.
  • RC
    Renzo C.
    27 November 2020 @ 19:14
    As me anything.......https://exchange.realvision.com/question/back-in-2012-bain-company-published-an-interesting-report-a-world-awash-in---5fbc30f21dba9963f03f1ed4 Would be interesting to have your thought on this 10-1 ratio. Combining this with DSR (Debt service ratio) (see BIShttps://www.bis.org/statistics/dsr.htm ), it looks like there is a problem ??
  • MS
    Mark S.
    27 November 2020 @ 18:52
    I agree with Ed's comments about not wanting to dumb it down. I am one of those village idiots on the Plus tier. I regularly pause and google something. Steve V. does a good job of breaking things down into bite sized portions and Ash typically ads a little context or background to a really technical answer he receives.
  • SC
    Sam C.
    27 November 2020 @ 10:44
    Height in the military is because of the size of tanks, cockpits, also it's just clumsy mass to hide 😂😂!
    • RG
      Roshan G.
      27 November 2020 @ 18:27
      Tall guys above 2m would stick out from the trenches!
  • PG
    Philippe G.
    27 November 2020 @ 13:17
    Steven Van Metre's walkthroughs are very useful, especially for some of the more "deep-dives" on macro, central bank policies, etc...
    • Jv
      Joël v.
      27 November 2020 @ 18:06
      Agreed, George Gammon does something similar https://www.youtube.com/watch?v=GZBWE4rw74Q&t=1s
  • DB
    Donna B.
    27 November 2020 @ 15:58
    As a beginner learning a new language, I recommend Rosetta Stone. Moreover, a French beginner should try French in Action by the Annenberg Foundation. It's free 52-week online sessions. Although it's 40-years old, it's an entertaining way to learn. https://www.learner.org/series/french-in-action/ I agree with Ed. My comprehension of French has improved by watching French News online and through my cable provider.
    • Jv
      Joël v.
      27 November 2020 @ 18:04
      You might appreciate these sources: a FR travel show 'Echappées Belles' https://www.youtube.com/c/Echapp%C3%A9esbellesofficiel/playlists And a FR-focus show (that also visits some foreign locations) Des Racines et des ailes. https://www.youtube.com/user/DRDAfrancetv/playlists Their youtube channel is a mess, a standard programme lasts 1,5 to 2 hours. Easiest way of finding full shows is to just search on youtube 'des racines et des ailes' combined with a region, city, departement or some foreign location like the Italian lakes. https://www.youtube.com/results?search_query=des+racines+et+des+ailes++provence FR history: https://www.youtube.com/c/SecretsdHistoireOfficiel/playlists
  • Jv
    Joël v.
    27 November 2020 @ 17:56
    Ed spreekt Nederlands?! So you can actually produce a thunderous 'r'? And sound like throwing up to create a 'g'? Will we hear you throw up on RV anytime soon?
  • MW
    Matthew W.
    27 November 2020 @ 12:03
    On a couple of occasions I've heard Ed comment on what other commentators are wearing. I'd like to see Ed expand on this and incorporate a fashion and design dimension to Real Vision. His voice and accent lends itself to a broader range of critiques beyond macro finance.
    • MW
      Matthew W.
      27 November 2020 @ 12:09
      Cookery or sex and relationship advice even?
  • SC
    Sam C.
    27 November 2020 @ 10:41
    What Ed speaks Dutch? Lekker 😂😂!
  • JA
    James A.
    27 November 2020 @ 09:53
    Interesting opening from Jack regarding US health care. A few anecdotes from Germany. Covid-19 test at the Frankfurt Airport. 1) No cost if you come from a "high risk" country. 2) Results communicated via email within 12 hours. 3) Certificate can be loaded into Apple Wallet as all travelers from risk countries who want to exit quarantine prior to 10 day requirement, must have a Covid test after 5 days in quarantine. Despite widespread testing availability, over 20,000 confirmed infections and ca. 400 deaths each day. R-value is 1.04. Hospitals are stretched in a few locations, but holding up. No one believes December or January will be any better. Service sector struggling - German Services PMI sank from 49.6 to 46.5 October to November. Anything below 50 means contraction. Many businesses have been provided with government backed low-interest loans (less than 3% p.a. for 7 years. No payments for the first 2 years) and also use government programs that provide upto 90% of pay to furloughed workers. Lots of frustration among friends and relatives with continued lock-down measures, but compliance with the law is by and large complete. Given that almost all employees have money on their account, if we get Covid under control, I would expect pent-up purchases (travel, restaurants, etc.) to rebound quickly. Of course, Germany has the institutions to administer such programs AND can currently afford the debt...not really an option in many parts of Europe.
  • KS
    Kim S.
    27 November 2020 @ 08:00
    I really love these ask me anythings :) I think there are a lot of common questions from the audience too, I missed this one but someone else asked all my qs. I hope you continue with these, maybe every three months or so
  • TV
    Tom V.
    27 November 2020 @ 07:21
    First comment here. Minimum and maximum body dimensions were fairly common in military in Belgium as well. Basically they just exist to avoid practical issues like not fitting in tents, beds, tanks or cockpits. When ordering new material the army gives the constructor directions on dimensions, visibility, accessibility of the dials/controls, etc and they are based on average body dimensions. Outliers both on the tall and short end can thus be problematic.
  • KM
    Kevin M.
    27 November 2020 @ 07:18
    I found it interesting that despite the Daily Briefing being posted on ZeroHedge every day, neither Jack nor Ed mentioned that site as a news source they peruse. The NYT and Wapo, but not ZH?
  • GF
    Gordon F.
    27 November 2020 @ 04:26
    On learning a foreign language, I agree that watching a movie in the language you want to learn is great, but turn on the subtitles IN THAT LANGUAGE. That way you can pick up on a lot of words that you will otherwise miss. Whatever you do, DON'T turn on English subtitles. Rather, watch it in English first, so you understand the plot and the characters, and then in the language you are learning. With regard to the direction of RV, I used to try to watch everything available to my Plus membership, but RV has grown to where I have to be more discerning. Before watching an episode, I scan through the comments to see if it looks like it's worth my time. I don't so much care whether the comments trend positive or negative, but rather is the topic one that engages me. With regard to height, my dad was in the army during WWII, but at 2 meters (6' 6") he could have avoided service due to his height. He said that nothing - bunks, uniforms, etc. - could accommodate him properly. I suspect in general that militaries try to avoid people who are too far outside the norms, as it complicates "standard issue".
  • JD
    James D.
    27 November 2020 @ 03:18
    Really enjoyable and refreshing change of gears for the holiday RVDB. Nice one guys.
  • NT
    Nicholas T.
    27 November 2020 @ 02:34
    I like seeing how Jack is coming into his own. From the first few times on camera to now, what a difference. It's allowing him to show how learned he is.
  • ly
    lena y.
    27 November 2020 @ 02:33
    Besides Roger and Steve's contribution to Macro Insiders, Jack and Nick's breakdown is welcome too!
  • pk
    philip k.
    27 November 2020 @ 00:30
    The USA is the only OECD country to experience 3 years of consecutive declines in life expectancy going into COVID.
  • TH
    Thomas H.
    26 November 2020 @ 23:43
    I can only say I am disappointed...completely disappointed! Sorry to say this is my first time watching daily briefing. Perhaps my last.
    • JF
      Jack F. | Real Vision
      26 November 2020 @ 23:48
      Sorry to hear that, Thomas. This is a unique Daily Briefing because we sourced questions from the audience... normally we analyze market events and try and look beyond the headlines. Please give the RVDB another shot before you make up your mind. Happy thanksgiving JSF