Published on: July 16th, 2020 • Duration: 58 minutes
To say that we live in uncertain times would be an understatement. The use of the term “unprecedented” has become ubiquitous in financial reporting -- and for good reason. The level of fiscal and monetary policy responses to the coronavirus crisis have literally never been seen before. However, the unprecedented nature is in magnitude, not occurrence. As Sir John Templeton said, “The four most expensive words in the English language are 'It’s different this time.'” We’ve been here before, and macro investors in particular make it their business to identify shifts in long term trends and turn them into money. To this end, Tavi Costa, portfolio manager at Crescat Capital, will be joining us this week to explain why he holds high conviction views on three distinct themes: China's credit and currency bubble, the downturn of the global economic cycle, and lastly, what he regards as a once in a lifetime opportunity to buy precious metals.
