Raoul Pal is someone whose work I’ve admired for years, both for his global macro perspective on the markets and the amazing job he and his team have done with Real Vision. I like how they’ve removed a lot of the conflicts of interest that come with traditional media reporting and the sensationalizing that comes along as a result.
As a Macro Analyst, he does a lot of intermarket, or “cross-asset”, analysis. Raoul and I see the world through a similar lens. One area where we differ is in our experiences throughout our careers and how that’s shaped our view points and biases. I really enjoyed that part of the conversation. As far as current markets are concerned, Raoul thinks that negative rates in the U.S. are a real possibility. He’s pointing out 30+ year trends in the bonds market. We discuss Bonds as well as a wide variety of topics in this episode.