David Dredge – Part 1

Featuring David Dredge

David Dredge from the Fortress Convex Strategies Group sits with Real Vision to discuss a wide range of topics ranging from central bank dominion over markets, to the Fed’s infamous Dual Mandate and onwards to the importance of searching for ‘burned out’ grass in the markets.

Published on
31 July, 2015
Monetary policy, History, Structural flows
42 minutes


  • CR

    Chris R.

    8 9 2016 15:37

    0       0

    Fantastic interview. He has a great grasp for things and is able to distill seemingly complex subjects into simple concepts. He cuts through all the "noise' to get to the core issues. Is there any way to access his newsletters?

  • LA

    Linda A.

    9 12 2015 04:45

    1       0

    Awesome! I love his directness. DD is not only smart but has common sense. Certain parts are hilarious. Love this interview! Learned a lot- thank u so much!

  • YM

    Yogesh M.

    13 9 2015 14:45

    0       0

    The survival of the Euro requires the debt to be reset, through forgiveness ... but Satan never forgives!! The drama shall go on!

  • RP

    Raul P.

    14 8 2015 05:07

    2       0

    Great interview on the current state of the global macro. Makes you think what bullets the fed has if we go into the next crisis with historical low rates. Now what?

  • MB

    Matthias B.

    12 8 2015 14:07

    4       0

    is RVTV too bearish? I don't think so, it is just brutally honest. Great analogy of wealth distribution by inflation and deflation. out of box thinking which is a trademark for RVTV. look fwd for p2.

  • KS

    Kashyap S.

    6 8 2015 09:01

    1       0

    GW is right in that the central banksters can keep doing QE 4-ever. I'll be watching the TLT with interest when the Fed announces their decision on the much awaited rate hike in September.

  • KS

    Kathleen S.

    5 8 2015 10:58

    2       2

    Neo-liberal agenda by banks. Debt is purposely given to lenders that can't pay it back in order to privatize public properties. Print money from nothing and get real assets. Banks dont want recover

  • DM

    Daniel M.

    4 8 2015 17:12

    0       0

    Why is this color graded?

  • SP

    Steve P.

    3 8 2015 00:05

    10       0

    What brilliant analogies to explain the complex financial concepts of the global monetary system. RV just gets better and better

  • tW

    tgwtom W.

    2 8 2015 19:36

    1       0

    Albert Edwards - esque.

  • JO

    John O.

    2 8 2015 15:32

    3       0

    The fire insurance contrast to explain widespread faulty financial risk management (institutionally standardised and regulatorily enforced) is genius. It's riskiness rather than the huge actual risk.

  • JO

    John O.

    2 8 2015 15:17

    1       0

    Fred: seems it's the risk/reward mismanagement and bad incentives of "other people's money" (also a funny movie). Gambling with client/investor money, for bank managers rather than bank shareholders.

  • TS

    Tim S.

    2 8 2015 11:29

    4       0

    And the mythical "soft-landing" that's never been sighted, either. Great stuff!

  • TS

    Tim S.

    2 8 2015 10:05

    4       0

    "Losses trapped in the mythology of accounting treatment." Love it!

  • MM

    Milly M.

    1 8 2015 20:19

    0       0

    To Fred. Search Agency Theory. Start with Michael C. Jensen, some articles are co-authored with William H. Meckling. Most articles date to the 80s, so that you're not surprised.

  • wg

    william g.

    1 8 2015 16:37

    3       0

    He gets it......so do most others who are paying attention. The sad part is that the Titanic sees the ice berg but there is no way to avoid it. Just make sure you have your place on a Life Boat.

  • FS

    Fred S.

    1 8 2015 13:34

    0       0

    I heard "agency bias" mentioned twice. What is agency bias?

  • SS

    Sam S.

    1 8 2015 13:32

    0       2

    Wow----everyone should know and watch RV TV. We need some good hedge ideas to get out in front of the messy future as timing is anyone's guess. I feel like RV is truthful but just selling fear.

  • TH

    Timo H.

    1 8 2015 07:32

    13       0

    Yet another legend I've never heard of. Yet another legendary interview I would not want to miss. RV is the only content in the Internet I pay for.

  • DH

    Dale H.

    1 8 2015 02:38

    4       0

    Excellent. Hope part two discusses strategy considerations. And maybe thoughts/probabilities on timing/s.

  • DU

    Don U.

    1 8 2015 00:16

    3       0

    Excellent. My thought is I hope the 2nd part of his interview addresses his forecast of what the outcomes will be as we correct.

  • PM

    Pippa M.

    1 8 2015 00:01

    29       0

    Davie Dredge is a legend. He has such a marvellous ability to explain things in plain English. No other platform captures ideas like the ones David expresses here. This is real value added!

  • RS

    Roger S.

    31 7 2015 22:13

    2       1

    I am amazed given so many wonderful and insightful interviews that almost or maybe all get some down votes. I wish those that give those votes would add a comment to explain their vote

  • MM

    Milly M.

    31 7 2015 21:46

    8       0

    Every time I think the best so far, RV keeps pushing the bar even higher. Dave's approach to risk & his Global Imbalance Sheet are so elegant that I'm lost for words Milton, I beg you for Pt2 preview.

  • JS

    John S.

    31 7 2015 21:45

    15       0

    Another spectacularly good interview. I could listen to this guy all day.

  • BL

    Bruce L.

    31 7 2015 17:26

    10       0

    Tremendous. This is a very smart guy with real world experience. Looking forward to more. I hope there are 5or 6 parts.

  • TJ

    Terry J.

    31 7 2015 17:01

    12       0

    Another excellent interview with some brilliant insights and superb analogies Can't wait for Part 2.