The High-Stakes Intersection of Politics and Finance

Published on
August 23rd, 2019
Duration
35 minutes

The High-Stakes Intersection of Politics and Finance

The Larry McDonald Series ·
Featuring Anthony Scaramucci

Published on: August 23rd, 2019 • Duration: 35 minutes

Anthony Scaramucci, founder and managing partner of Skybridge Capital and former White House communications director, sits down with Larry McDonald, founder of The Bear Traps Report, for a conversation filled with insights about markets, politics, and career decisions. Scaramucci and McDonald speak about the U.S. dollar, the active vs. passive debate, and the 2020 election. They also share their advice for making the most out of a career in finance. Filmed on August 14, 2019 at Hunt & Fish Club in New York. Find more information about Larry McDonald’s work at http://www.thebeartrapsreport.com.

Comments

Transcript

  • SS
    Sam S.
    27 August 2019 @ 19:01
    Tuesday Aug 27th news reporting Anthony S., called Trump "insane". I'll never listen to this guy again! This is the kind of nasty politics comments, that have gotten this country in such a mess. Fairness Doctrine needs to be brought back! Trade with China is only 3% of our GDP and it's the free give-away of money, technology, labor, and much more, from past administrations who sold us out, that has torn our country and it's citizens apart. That's the true insanity.
    • JD
      Jarod D.
      27 August 2019 @ 19:18
      I trust that you are equally offended when Trump says much worse about just about anyone he disagrees with.
    • SS
      Sam S.
      27 August 2019 @ 19:58
      https://ustr.gov/countries-regions/china-mongolia-taiwan/peoples-republic-china USA Trade Data above. Yes, Jarod D., I am deeply concerned. Anthony's presentation and what just happened are in conflict. He stated Washington is full of "very bad people" and he's right. One hand indicating coming together, compromise and then talking impeachment for mental stability. It's like he and the Dems are blaming Trump for everything and anything. Trump did inherit a huge sewer of fraud and deception. Trump's not perfect by any means, but he's got the courage to take action and very thick skin.
  • LH
    Louis-Philippe H.
    27 August 2019 @ 00:44
    Every interview Larry brings up he's a best selling author, i'll have to check that book...
  • BM
    Beth M.
    26 August 2019 @ 14:08
    Why isn't anyone talking about...Jim Rickard's comment..."I'm surprised no one is reporting on the fact that Trump's CFIUS turned down the acquisition of Scaramucci's SkyBridge by the Chinese. "Follow the money."...https://www.reuters.com/article/us-skybridge-capital-m-a-hna-group-co/chinas-hna-drops-bid-to-buy-scaramuccis-skybridge-due-to-regulatory-hold-up-idUSKBN1I125J And Mark Simone's comment... "Can't figure out nutty Anthony Scaramucci's Jekyll & Hyde behavior? It's simple, he is just a starstruck attention whore. Remember that he followed Omarosa on the reality show “Celebrity Big Brother.” Has always been an Attention Whore, desperate to be a celebrity."
    • BM
      Beat M.
      28 August 2019 @ 10:38
      guess you are right, but imagine calling HRC or AOC a attention whore...
  • DR
    David R.
    26 August 2019 @ 12:31
    SLICK. Sure...the problem is the volker rule. What Anthony is saying is that we should just go ahead and remove that 400 billion and put it into it his hedge fund. That will fix things.
  • VS
    Vasil S.
    26 August 2019 @ 03:19
    I didn't realise Real Vision was moving into the 'clickbait' industry!
  • AL
    Alex L.
    26 August 2019 @ 02:16
    I have to wonder what was going through Larry's head when Anthony said that Dick Fuld was a great guy... Especially after saying he read Larry's book (which I too recently read). I listened to the audio version so I unfortunately did not catch the expression on his face.
  • DP
    David P.
    26 August 2019 @ 01:49
    Charismatic dude. His portrayal of the POTUS character seems to match what transpires of the old Playboy interview.
  • JP
    John P.
    25 August 2019 @ 22:54
    I really enjoyed the interview. Mr. Scaramucci made me laugh and I learned something to boot. Well worth my time.
  • NR
    Nelson R.
    25 August 2019 @ 22:48
    Meh
  • TB
    Timothy B.
    25 August 2019 @ 20:50
    My 3 trade screens: Live News Feed, World Market Indexes, & Trump's Twitter Account ! ! LOL ! !
  • FV
    Fredrik V.
    25 August 2019 @ 07:36
    Larry strikes again!👏👏
  • DS
    David S.
    25 August 2019 @ 02:20
    It is interesting that President Putin's tactics are to create chaos and take advantage of the disruptions. These are the same tactics used by President Trump with the trade war as a prime example. DLS
  • SR
    Sean R.
    25 August 2019 @ 01:46
    Thank you Larry for another great interview. Please keep them coming. And off subject nice Malachi Crunch reference.
  • DS
    Dan S.
    25 August 2019 @ 01:37
    My biggest takeaway from the interview "..I mean, the bad news going on in the White House is that, unfortunately, the president doesn't listen to anybody. And so, he's a prisoner to his own ego. And he's a prisoner to his own narcissism. So what's happening now in the White House is they're trying to give him advice, how to operate in the trade situation, how to operate here. He doesn't listen to anybody. He really thinks he's the smartest person in the room. So when you think you're the smartest person in the room, you're not taking input from any place. And you're putting yourself in a danger zone." This is extremely concerning coming from an insider when you think of the high stakes game the unfolding trade war is.
    • JL
      Jacob L.
      26 August 2019 @ 19:56
      But is this really breaking news? I think pretty much everyone views the situation like that. It is also apparent from all the hiring and subsequent firing.
  • TT
    Tao T.
    24 August 2019 @ 22:35
    Obviously calculated self promotion.
  • MF
    Maryam F.
    24 August 2019 @ 21:53
    Mr Scaramucci is very entertaining, made me laugh a lot. He’s also full of character, very direct and seems to crack situations quickly, although he may have been a fish out of water in the Whitehouse. I imagine he also has a slippery quality. I did like his rather rough uncomplicated analyses of complex situations in to a memorable image, something few commentators manage.
    • MF
      Maryam F.
      26 August 2019 @ 18:27
      Have to say, I think he’s wrong on Steve Bannon though..
  • DV
    Donald V.
    24 August 2019 @ 20:17
    is larry tall or is Anthony small?
    • DB
      Drew B.
      26 August 2019 @ 14:56
      yes
  • LR
    Luigi R.
    24 August 2019 @ 15:36
    I have a lot of respect for Anthony and appreciate his. Jews and comments very much.
  • PP
    Peter P.
    24 August 2019 @ 13:36
    Larry as always, a wonderful interview, your skill in making the interviewee comfortable so they open and show who they are, and what they think is a special talent. Thank you Mooch for your thoughts & time.
  • JV
    Jens V.
    24 August 2019 @ 12:49
    Very interesting, thx.
  • PB
    Pieter B.
    24 August 2019 @ 07:45
    This was fantastic Anthony and Larry! Great fun and good lessons for life!
  • HF
    Hassan F.
    24 August 2019 @ 05:37
    I like Anthony Scaramucci. I can't careless about what he did in politics.
  • AA
    Abdul-Azziz A.
    24 August 2019 @ 02:47
    wow. prophetic after todays Tweetstorm. He's indignant resignation and apathy to the whole situation in politics juxtaposed with a real understanding of its paramount magnitude to global finance, for a man so well connected should worry all of us, Fantastic interview. Like many interviews on Realvision, you need the future to play out before you can fully appreciate the value of what your watching.
  • MK
    Mike K.
    24 August 2019 @ 02:47
    Irrespective of the negative comments, I enjoyed and learned a bit from this discussion.
  • CL
    Chris L.
    23 August 2019 @ 23:50
    People keep saying Mooch is sour grapes. Maybe. That's why I debated listening to this. After doing so, all I know is I don't know Trump or Mooch, and I have come to a lot of the similar conclusions. I listened to a podcast with a well known British celebrity and say he met Trump a few years before the election. Said he was a good guy - really funny. However, he said Trump had absolutely no intellectual curiosity. No kidding.
    • MS
      Michael S.
      24 August 2019 @ 03:50
      The Bible is Trump's favorite book, but he can't tell you a thing about it. Go figure!
    • MA
      Melanie A.
      29 August 2019 @ 00:26
      Scary.
  • SA
    Stephen A.
    23 August 2019 @ 21:42
    Great interview. Larry's interviews are so good. Scaramucci comes off in a much better light here than the other TV appearances I have seen. You can tell he just wants to forget that White House fiasco (in my view one of the more memorable highlights of the Trump presidency). You can forget about a 2nd Trump term. He ain't winning Pennsylvania or Michigan again.
    • SA
      Stephen A.
      23 August 2019 @ 21:45
      I am so glad Scaramucci is pointing out the wild market moves. People don't really appreciate how wild the markets have been over the past year.
  • jr
    john r.
    23 August 2019 @ 20:51
    good stuff Larry, love the quote mel brooks quote on life: RELAX none of us are getting out alive.
  • JL
    Jacob L.
    23 August 2019 @ 19:56
    Good idea to bring in someone with insight from the inside of the White House but this guy is just a bad choice pure and simple. He has proven himself to be a self serving, narcissist liar time and time again. "I gave Dick Fuld a hug the other day" - of course you did! You would also "rip the heart out of short sellers and eat it" if you were in his position. "It was a bad break what happened to them" No, it was criminal what they did to shareholders and to society at large.
    • IT
      Ivan T.
      24 August 2019 @ 08:18
      "it was a bad break that happened to them" refers to the fact that literally every other bank was bailed out and Lehman was singled out to make an example, in part because Paulson was secretary of treasury at the time and hated Dick Fuld.
    • JL
      Jacob L.
      24 August 2019 @ 09:28
      No, Lehman was the aggressive leader of the pack with a crazy and greedy leverage ratio of above 50 to 1 at one point and therefore was the most vulnerable and they deserved to go under. It's insane to call it "a bad break" like Scaramucci does. But this guy angles everything to suit his own objectives. Truth means little. Yes, other banks followed suit, but to a lesser extent. Sadly, the banks that choose conservatism and sound banking principles when there is an orgy going on gets punished by shareholders. This is the troubling and hard to solve dilemma of the financial markets.
    • JM
      John M.
      25 August 2019 @ 20:24
      How can it be a bad break if you are employing such extreme (ie., reckless) leverage.
  • RM
    R M.
    23 August 2019 @ 18:33
    I am so tired of self dealing con men.
  • JW
    Joe W.
    23 August 2019 @ 17:22
    Why RV wasted time on this guy? He has no credibility.
    • RF
      Ray F.
      25 August 2019 @ 04:21
      R.V also handed out their Youtube Channel to a 20 something CNBC Tesla "Expert".. Ratings over Quality !!
  • WB
    Wes B.
    23 August 2019 @ 16:22
    You have to wonder if Mooch is really compelled to speak out against Trump based on real principles or he just has another crappy book coming out. Good interview regardless though
  • LA
    Linda A.
    23 August 2019 @ 14:23
    Thank goodness the Mooch finally came to his senses & for sticking up to this narcissistic bully, con-man.
  • CM
    Charles M.
    23 August 2019 @ 14:08
    sour grapes scaramucci--no credibility
  • SH
    Stephen H.
    23 August 2019 @ 14:02
    Interesting discussion, a touch random, however some qualitative input hidden in the discussion. Thank-you Larry and Anthony.
  • BB
    Bainathsah B.
    23 August 2019 @ 13:51
    I'm not sure if The Mooch is a genius or a genius con-man, but we can't deny he's extremely charismatic
  • JP
    Joseph P.
    23 August 2019 @ 13:46
    What specifically does he mean when he says structured credit?
    • MK
      Michael K.
      23 August 2019 @ 21:56
      Tranched corporate or consumer debt. Probably a bit of leveraged loans, CDO’s, CLO’s, MBS and student loan stuff. Presumably he’s saying it’s safer by sticking to higher rated and better structured stuff, which is quite true vs subprime bubble. But structured credit tends to attract certain types regardless. (I used to work in that space so I guess that says something too!)
  • gg
    georgy g.
    23 August 2019 @ 13:18
    Not interested in listening to this
  • IF
    Ian F.
    23 August 2019 @ 12:06
    A Wall Street guy who doesn’t understand tariffs... Who would have thought? Maybe instead of taking his Midwest FAs to Abu Dhabi (so they can be “globalized” and get their “learn on”) he should spend some time in the Midwest touring all the ghost town factories of an era gone by.
  • JC
    Jon C.
    23 August 2019 @ 10:26
    Clown show, both before and after his 11-days.
  • PU
    Peter U.
    23 August 2019 @ 09:23
    Full disclosure, I have not been a fan of Anthony. However, this interview has changed my mind.
  • KZ
    Kevin Z.
    23 August 2019 @ 09:13
    As Ben Hunt says – “Why are we hearing this now?” So, why is Scaramucci going full anti-Trump now? Could this be China related? Scaramucci’s tight China ties are well known, and China is using many of its tools (and useful idiots) right now to go after Trump. By the way, this is not a ‘he is wrong about Trump’ comment. The point is that Trump today is the same as the Trump that Scaramucci was happy to work for 2 years ago. So why now??? Scaramucci - “The trade thing has been mis-executed and completely unorganized. Even though we need to ‘right size’ and create more symmetry in our trade experience with China, they didn’t do it right.” “I was talking very positively about Trump’s economic policies, but I didn’t think he would go this haywire with the trade situation.” (straight from the horse’s mouth. The thing he is really opposed to is the China ‘Trade War’….) Scaramucci’s proposal if China doesn’t budge? 'Tariffs should be increased 2% per quarter for 2 years.' That is about as pro-China a position as any ‘American’ (nice lapel pin, very subdued and subtle…..) could reasonably propose right now……..
    • DC
      Dave C.
      25 August 2019 @ 01:17
      Very good points, particularly regarding the potential of involvement of China - after all, it looks like the infamous Chinese businessman Guo Wengui, also known as known as “Miles Kwok,” who got an airing on RV may not be what he first seemed https://www.zerohedge.com/news/2019-07-22/chinese-dissident-tycoon-hiding-ritzy-nyc-hotel-accused-spying-beijing
    • DS
      David S.
      25 August 2019 @ 02:31
      Great comment. If you pander for one you can pander for another. DLS
  • sB
    sylvain B.
    23 August 2019 @ 08:56
    I guess Trump didnt like the interview given his last tweet !
    • MR
      Mitchell R.
      26 August 2019 @ 17:04
      ...What? Trump has a Real Vision subscription! :)