Rob Arnott, Research Affiliates - Modern Monetary Theory Does Not Work

To see links or read the transcript of the episode, visit us at:
mebfaber.com/2021/05/19/e313-...
In episode 313, we welcome our guest, Rob Arnott, founder and Chairman of Research Affiliates.
In today’s episode, we start with the U.S. stock market and why today’s valuations meet Rob’s definition of a bubble. Rob debunks commonly discussed reasons for why stock valuations should be so high and explains why he doesn’t agree with MMT. Then we touch on value stocks and Rob’s recent piece on the lofty valuations for electric vehicles stocks.
As we wind down, hear why Rob is bullish on emerging markets value, and what his new trade of the decade is - UK value stocks.
Please enjoy this episode with Research Affiliates’ Rob Arnott.

[@judsonrodriguez8328]

Major Props to Mr. Arnott, voice of reason. Thanks for sharing your thoughts.

[@jankensington2948]

This background makes him look like he’s falling into a black hole...like our currency value

[@raylopez99]

MMT does work during crisis, the US Treasury used it in the Civil War (printing greenbacks un-backed by gold). But, debt-to-gdp for the USA was a lot lower back then. By contrast, Debt-to-GDP for England in the 1790s was 200% (more than Japan's today, which has net domestic savers) while the USA's Debt-to-GDP is over 100% today, but, England was saved by the Industrial Revolution. What will save the USA? Only anti-aging inventions and possibly fusion power, a singularity, given world populations peak in 2050 and usually falling populations is deflationary and problematic. So if you're long the stock market today you're long on a Ray Kurzweil singularity event, implicitly.

[@johnp7739]

You're only long singularity if you're long a dystopian, slave-like future. Read not only Kurzweil but all the elites before him who were/are obsessed with controlling people, reducing the population, etc.