Episode Two – Travels – Inside Trump’s America

Featuring Jawad Mian, R.P. Eddy, Liran Blum, Kevin Chen

Our brand new Travels series continues with Episode Two, as renowned global macro strategist Jawad Mian switches gears for a tour across Trump’s America. Jawad’s underground research opens the doors to new insights of this seismic shift in US politics and what it means for investment opportunities. Filmed on January 24 in New York and January 28 in Malibu.

Published on
13 February, 2017
Topic
Fiscal Policy, US Economy, China
Duration
54 minutes
Asset class
Equities, Currencies
Rating
28

Comments

  • JD

    Jonathan D.

    19 3 2017 13:12

    0       0

    Brilliant interviewees #1 and #3, especially #3. Haven't checked but both would be great long i/vees.

    There seems to be a lot of Democrat/Leftie bias in Real Vision interviewERS. :(

  • LP

    Lynn P.

    24 2 2017 23:43

    0       0

    Where does Jawad stand on "there is no dollar shortage"? as the first interviewee maintained. I refer to Jeffrey Snider's presentations that eurodollar decay and global restriction of credit; ergo, dollar shortage.

  • MW

    Michael W.

    20 2 2017 03:43

    1       0

    The travel log is an interesting format, But what I enjoyed the most was the interview with the CEO of ERGO. I would love to see him and Grant or Raul do a one on one with him

  • DS

    David S.

    19 2 2017 17:21

    1       0

    RE. CM. Thank you for giving your reasons for a thumbs down. Most subscribers will not. My family arrived around the same time that your family arrived. We have always been ruled by different elite groups whether religious/political/economic. DJT comes from the economic elite. His populist win partially reflects the hope that he will help the middle class by being its robber baron. Time will tell. Until then I want to hear dialog from anyone in the world - friend or foe - who can shed some light on possible problems and solutions. DLS

  • CM

    C M.

    19 2 2017 13:45

    5       2

    EL, I am one of the 18 negatives. This video may be fine for people outside the U.S., but it's ridiculous to receive a lecture about America as someone whose family has been here since 1704. People who can't understand DJT are not being intellectually honest with themselves about reality and/or are suffering from cognitive dissonance because they can't fathom the reality of how badly the elites in the U.S. have eviscerated the middle class.

  • EL

    Edward L.

    19 2 2017 01:53

    4       0

    Who are the 18 negative thumbs and why? This may be the pinnacle of real vision interviews so far. Great job!!

  • MM

    Mark M.

    19 2 2017 00:25

    0       0

    Brilliant!

  • CC

    Charles C.

    18 2 2017 22:47

    2       0

    This is a great series idea. Thanks RV.

  • HJ

    Harry J.

    18 2 2017 22:44

    1       0

    RVTV raises the bar even higher. This makes Fox,CNN, CNBC,Bloomberg look like Crap. Which most of it is.
    Jawad has done a remarkable job and is a Credit to Grant Etal.
    Thank you for giving me my money

  • NH

    Neil H.

    18 2 2017 22:08

    0       0

    Did not want the interviews to end. Perhaps you can expand the interviews and drill down to how they are positioned and what factors they would look for to know when to exit these trades

  • as

    andrew s.

    18 2 2017 17:36

    3       0

    Better to start a subscription service, get to fly about drive a ferrari than to try and trade

  • HA

    Hammad A.

    18 2 2017 17:27

    2       0

    Well done Jawad, it is a stunning interview. The discussion about PAX Americana and how it is going to shape up and affect the global politics is very interesting.

  • RM

    Richard M.

    16 2 2017 17:21

    2       0

    Wow, after watching this segment a second time I come away even more amazed. Such great insight by all 3 guests and some really fascinating yet unexpected takes on the new situation in America and how it's viewed by the outside world. I can't wait for the further more in depth interviews with Blum and Eddy (why not Chen too, he was great!). Many, many thanks RVTV and Jawad!!!

  • AH

    Andreas H.

    15 2 2017 21:17

    3       1

    One word: epic! I would love to work for Jawad. His bull case in Feb 2016 convinced me to go long US stocks, since then up 65% on a value momentum small cap portfolio. I absolutly agree, a lot of people (especially the gold bugs) cursed the fed and have been ideologic instead of simply riding the wave. Now almost everybody curses Trump instead of still riding the wave (beeing long stocks, especially micro and small caps). Sure, you need to watch it, but every bull market needs to be watched closely. I even want to (as an optimist) believe, that Trump could work fine (or at leas better the majority thinks) for Pax USA and therefore for the US and the rest of the world. Good thing that China respects Trump, good thing he wants to strengthen NATO (just came out today: if everybody pays what they agreed on!), good thing he wants to put more money in the hands of lower middle class and middle class. I hope things work out...

  • MC

    Minum C.

    15 2 2017 19:18

    0       0

    Great interviews. Lots to think about.

  • gb

    gabriel b.

    15 2 2017 06:59

    1       0

    Just loving this series so far. Great to get multiple perespectives on issues. Also would love to see a full interview with the 3rd interviewee from this video.

  • TF

    Terry F.

    14 2 2017 23:37

    6       0

    Excellent presentation and format by Jawad. I look forward to more of this series. Really enjoyed the insights of all three guests, however R.P. Eddy's insights were really refreshing. I think if you take a topic and boil it down, what you have left is the essence that we got from R.P. Eddy. Thanks.

  • BB

    Brian B.

    14 2 2017 20:55

    7       0

    The interviews, format, content delivery, commentary, cinematography......absolutely brilliant. Well done.

  • M.

    Milton ..

    14 2 2017 19:05

    15       0

    If you loved the insights from R.P Eddy and Liran Blum, start salivating now….There was so much more to talk about that we will be publishing extended interviews with each of them. Look out for them on our platform on Friday 17th Feb (R.P Eddy) and Monday 20th (Liran Blum). Enjoy! - Milton

  • LA

    Linda A.

    14 2 2017 18:56

    3       0

    Just can't buy this rosy outlook of the economy right now due to Trump. I agree that DT can affect the economy with lower tax rates and reduced regulation but it takes congressional approval & time. We have massive debt & massive money printing throughout the world. The money is printed by central banks & given to banks and their crony slime-ball friends. The taxpayers are on the hook with this liability. I wish the bullish forecasters would've given some time frame for their bullish thesis. This is the only way to measure their performance.

  • DM

    Daniel M.

    14 2 2017 18:52

    4       0

    The 360 around a smiling Jawad at the end of the video is amazing!!!!

  • DM

    Daniel M.

    14 2 2017 18:42

    2       0

    R.P. Eddy has great chest hair! Loved his analysis too!

  • rr

    rlw r.

    14 2 2017 17:58

    4       0

    Kudos Jawad, really appreciate your intelligent interview style. Also great to hear the perspectives from your interviewees.

  • RM

    Richard M.

    14 2 2017 16:39

    12       0

    Re: US Dollar shortage (or Mr Blum's theory there isn't such a thing), perhaps he should read Dr Malmgren's new piece on RV Pubs (a short clip below):

    "Now, as many economies are suffering unexpected slowdown, with
    weakening exports and a rising dollar they find they are caught in a trap of
    shortage of dollars for servicing debt and daily bank liquidity needs.
    Shortage of dollars appears to be growing in Europe as well, as evidenced
    by sharp increases in overnight lending rates, or LIBOR.
    Global dollar shortage has impacted China at the same time that capital flight has been
    exploding . China has had to sell large amounts of US Treasuries in order to provide
    cash dollars to many banks and state owned enterprises in danger of illiquidity."

    The whole piece goes into much more depth regarding the $ shortage and should definitely be read by all.

  • AA

    Aymman A.

    14 2 2017 16:32

    2       0

    Excellent series of interviews!

  • JM

    John M.

    14 2 2017 15:45

    2       0

    Fantastic piece Jawad. The way you tied it all together with your outlook in the closing summary is really top quality.

  • SB

    Sam B.

    14 2 2017 14:53

    3       0

    @ John H... you took the words right out of my mouth. There is an endemic shortage of dollars globally and cross currency basis swaps illustrate this perfectly. Spreads have widened drastically since mid-2014 across almost all currencies against the USD. That is proof of the "hedging" that Mr. Blum says hasn't happened... i.e., everyone short dollars IS scrambling to swap into them. Steady CNY depreciation is another trend that strongly suggests a shortage of dollars. RV, please bring back Jeff Snider or Paul Mylchreest to explain how the dollar short cannot be fully understood by simply looking at the USDJPY or EURUSD spot rate. In the context of Trumpflation, such interviews would be very topical.

  • AM

    Alexander M.

    14 2 2017 13:19

    1       0

    Great series of interviews. Many thanks!!! Not much covered on FED & monetary policy effects to the overall picture/outlook thesis. Would be interesting to have a take on that.

  • NR

    Nuno R.

    14 2 2017 07:06

    1       0

    Excellent series of interviews, thank you Jawad and RVTV. Look forward seeing you in Africa at some stage (especially in Sub-Saharan Africa, loads of interesting stuff happening).

  • JF

    Jennifer F.

    14 2 2017 06:49

    0       0

    Very Good Interviews. Certainly a lot of very different minds there.

  • AL

    Andrew L.

    14 2 2017 03:57

    3       0

    Love this series! Would love to see more of the US interviews.

  • FC

    Fractal C.

    14 2 2017 01:25

    1       0

    Liram Blum - Awesome!

  • DL

    Derek L.

    14 2 2017 01:23

    9       0

    Jawad,

    I really enjoyed this. A very neutral, sober appraisal of the effects of a Trump presidency. Not partisan, which is very refreshing. Thanks.

  • RH

    Rob H.

    14 2 2017 01:03

    11       0

    Jawad, great interviews, every time I watch your shows I learn something new. I always find a study of new topics I have long forgotten or never even heard of before.

  • LN

    Lucy N.

    14 2 2017 00:46

    0       5

    Americaka feeds the military industrial complex

  • LN

    Lucy N.

    14 2 2017 00:39

    0       1

    Is America always right

  • PD

    Peter D.

    14 2 2017 00:29

    5       1

    Great series so far Jawad.

    I really liked the MENA piece, precisely because of how well it documented much of the IT backwardness, and thus opportunities there.

    NYC so far (I am halfway through) is also great. I'd never heard of the two first guys before, but it's great to get these 'out of the box" views.

    One suggestion: if you are going to take the trouble and spend the money to travel all over the world to visit and film these guys, instead of using Skype, show us a bit of what they live like.

    Take the camera up to the buildings they are in, and walk us in the front door. Just a 15 second shot would do.

    Watch how Trump does it in his first weekly address to the nation (Fast forward to 3:53 seconds into the video).

    https://www.youtube.com/watch?v=Yj2dDJkYSnE

    The camera walks us right into the Trump White House, so we feel like we are there.

    If you did the same with the NYU professor and the analyst, we'd get a better feel for who these guys are.
    Show us the bookshelves on their office walls, or whatever.

    Keep up the great work.

  • RA

    Robert A.

    13 2 2017 23:37

    5       0

    A little bit of a lot in this excellent interview with quite different assumptions and different analysis thereof all leading to some different conclusions. Cross consensus all the way. Getting to see the landscape was an added bonus.

  • CS

    Chris S.

    13 2 2017 22:56

    0       0

    Thanks Jawad of course. Autocorrect...

  • CS

    Chris S.

    13 2 2017 22:54

    8       0

    Just a great new series! Very intelligent and interesting conversations and views. Thanks Jawed!

  • jh

    john h.

    13 2 2017 22:29

    7       1

    Blum CLEARLY does not understand the transmission mechanism for USD shortage. I guess he doesn't know how to check cross currency basis swap rates. Pretty disappointing.

  • GA

    Giedrius A.

    13 2 2017 21:30

    2       2

    Just love it!!! I cannot describe that into words. Thank you

  • T~

    Tshort63 ~.

    13 2 2017 21:01

    2       1

    @Mark N Saw that too! Loved the views of my hometown as well. Enjoying the BBC like aesthetics they add a nice touch! Kudos to the film and editing team.

  • T~

    Tshort63 ~.

    13 2 2017 20:56

    13       0

    Wow. Amazing trio of interviews, some great independent thinkers. Would love to hear from them all in a rewind. EXCELLENT interview skills from Jawad, pausing to summarize and guide the conversations deeper. Interesting to see more optimism from the interviews, helps me check my hubris at the door as I consider differing thoughts.

  • MY

    Madjid Y.

    13 2 2017 20:49

    16       1

    The first interview was great and insightful on the dollar thesis, the second was too generic (not different from Bloomberg), the one with R.P. Eddy is mind blowing, will be great to see a lengthy interview with R.P. Eddy.

  • MN

    Mark N.

    13 2 2017 20:18

    7       0

    The fact that he ends up in San Francisco with a Passport Capital vest seems like a not-so-subtle hint at an upcoming John Burbank interview, can't wait!

  • KC

    Klendathu C.

    13 2 2017 19:49

    3       3

    *slow claps*

    Too much to process. Might add a more specific comment later. Thanks Real Vision.

  • MN

    Mark N.

    13 2 2017 19:39

    6       1

    Good interview with Liran, his argument of 'EM not afraid of stronger dollar as there is no increase in dollar hedging derivatives demand' is one I rarely come across.

  • KE

    Kenan E.

    13 2 2017 19:23

    8       1

    This was very good although I think especially the Chinese guest had some strange (aka highly unlikely) views especially if you compare his views with other China related informations here on RVTV. The third part of the video was the best one! Please get this guy on the show again!!!!

  • RM

    Richard M.

    13 2 2017 18:41

    23       0

    Jawad - just AWESOME!!! I love these travel-the-world series you are doing, very informative and very interesting. The Chinese guest was particularly enlightening! And R.P. Eddy was very informative too (altho I believe Europe choses IMF leader (U.S. choses World Bank leader)).

    Thank you very much for doing these!