Making Sense of Massive Change

Published on
March 18th, 2022
Duration
59 minutes


Making Sense of Massive Change

Raoul Pal the Journey Man ·
Featuring Russell Clark and Raoul Pal

Published on: March 18th, 2022 • Duration: 59 minutes

Russell Clark, one of Real Vision’s favorite guest-personalities, returns for another engrossing conversation with Raoul Pal. Russell always brings fresh perspectives, and Raoul is always keen to draw on his current thinking to help make sense of what’s happening around us. In short, Russell’s current sense is that everything has changed. In a far-ranging conversation, Russell and Raoul weigh the impact of innovations such as extracting oil and gas from shale, the ongoing center-of-gravity shift from capital to labor, and the vulnerabilities of centralized risk management. Russell notes that clearing houses are now the center of trading activity; they price risk differently than central banks, and he describes how that works and how that doesn't work. “The collateral,” says Russell, “can never go bust.” The world is changing, rapidly. This is a great way to catch up. To read more of Russell's work, visit http://www.russell-clark.com. Recorded on March 1, 2022.