This episode is brought to you by iShares. To learn more about the iShares Semiconductor ETF (SOXX), visit: www.ishares.com/us/products/239705/ishares-semiconductor-etf
Batnick, you killed it. I listen to CAF every Saturday during my morning run. First I was disappointed when I heard that Josh was not going to be on the show today and I wasn't going to listen in. But I decided to listen anyway and have to say that Michael did a fabulous job. Great questions, great back and forth, excellent guests and an all around great show. Not yet ready to have Josh walk away but have to say Michael, you exceeded my expectations. Great job!
Nice job Michael. Very interesting conversation. I like how you defended 60/40 and current bond yields. Traders and hedge fund guys will talk about the current horror of treasury bonds but rarely do they talk about a simple ladder that's capruring 16 year highs on the short end up to the 10 year. This avoids rate increase risk and reinvestment risk assuming you hold to maturity, which a ladder lets you do. Its boring and won't make brokers much money but the returns are great and it's a historically good time to lock in the rates, knowing that you could take advantage if rates rise when your first rung expires and aleep easy if rates fall as well. Boring often wins.
The reason why no one believes the FED is because the FED was wrong about every prediction and has had to walk back every rate forecast in the last twenty years. The regime is not "QE will come back", the regime is "FED is as wrong as always"
@@michaelskyros8803 Sure, but there have been many multi-year stretches where the markets went nowhere. Also, it took until 2014 for the SPX to recover to 2007 levels. Risk/reward tolerance changes with age. If you’re retired a huge drawdown and a few tough years in mkts is much more difficult to recover from vs if it occurs even when when you’re 30-50.
Let’s be real. The RV prices soared to ridiculous pricing after the buying frenzy from 2020+ . Also, How many people about there left to buy a new RV after all the impulse buying because of covid? The high interest rates on loans to buy RVs is also a huge obstacle for new purchases. The bottom ain’t here yet
I am a retired firefighter/ paramedic my pension has a cola of 3 percent i am going backwards ? My standerd of living is screwed criminals spending like criminals this is the thanks for your service police, military ,fire and other government employees??
Lol ironically I usually could not care less about batnick, but wow he's so much better when he needs to sail the ship himself and needs to pay attention to the guest
Hm, was an incredible hedge Jan-Oct 2022. .85% expense is rough. It's definitely a small piece of a portfolio at best. They said alts 10%? They know it's not meant to replace your stocks or bonds in a major way. Seems like a product for people holding on to wealth, not people gambling all in on UPRO and TQQQ to try to create it.
I don’t understand why people worry about our debt and whether we could default. Our government has a monopoly on the creation of USD and all our debt is in USD. So what could stop us from just printing money to cover our debt. It’s not like we have to pay back our debt in commodities or units of labor.
Because Argentina cannot print USD. Only the United States of America can do that. The USA is the only control that has a monopoly on the global currency, which is the US dollar. After WWII, the US got the world to switch to the United States dollar as the global unit of exchange. At the time, the US dollar was backed by gold, which helped to sell the currency to the world. Once the world got used to the US dollar as the international currency, President Nixon took the US dollar off of the gold standard and gave the USA the freedom to print US dollars without it being backed by gold or any other commodity or unit of labor. Since then the US has been able to run deficits without suffering any true consequence other than an average 3% inflation rate. Therefore the Argentina comparison is not valid. As the world does not function on their currency.
It becomes a problem when China and Japan no longer want to buy US Treasuries. What do you do when nobody wants to lend to you? Suddenly cut expenditure and raise taxes?
Why? Again all our debt is in US dollars, which the US has a monopoly on the power to create. Only threat is if the world no longer wants to accept US dollars as payment. At which point the world would have to stop trading with the US. Do you think the world can survive economically if the US stopped buying its goods? Definitely not now. Our only threat is if we choose to become isolationist and the rest of the world has to learn to live without the US, then they won’t need US dollars. Raising taxes is a way to destroy US dollars, why would our government do that, other than a way to rationalize printing of US dollars. As to buying treasuries, if China and Japan stop buying them, so what. People are thinking governments are like households, which isn’t true. A household has to balance its budget because it cannot create money. Most other countries governments have to trade in US dollars so when they print more of their currencies they get double and triple digit inflation. The US government controls the creation of US dollar, which the rest of the world needs in order to trade with the US, so the world will keep coming back for US dollars. I think people have a hard time with the free lunch idea, because of how unfair it seems. But think about, in life some people do get a free lunch, whether it’s because others like being around them and invite them places or because others like how they feel around them.
![[UNCUT] The Loyal Pin ปิ่นภักดิ์ EP.15 (3/4)](http://i.ytimg.com/vi/IVwR87OH0_A/mqdefault.jpg)
This episode is brought to you by iShares. To learn more about the iShares Semiconductor ETF (SOXX), visit: www.ishares.com/us/products/239705/ishares-semiconductor-etf
nice interview ...
Shoutout to Michael for not interrupting Josh once this whole episode.
Nice job by Michael running the show.
Batnick is simultaneously a relatable dude and a goat
it certainly wasnt the absolute trainwreck i was expecting.
Batnick, you killed it. I listen to CAF every Saturday during my morning run. First I was disappointed when I heard that Josh was not going to be on the show today and I wasn't going to listen in. But I decided to listen anyway and have to say that Michael did a fabulous job. Great questions, great back and forth, excellent guests and an all around great show. Not yet ready to have Josh walk away but have to say Michael, you exceeded my expectations. Great job!
Josh is uptown today.
LOL
Nice solo hosting Michael, great discussion.
Thank you for the academic finance seminar. 🎓 This was actually good.
Glad you enjoyed it!
Michael killed this interview on his own!! Excellent job 👍🏾👏
Batnik destroying all the recent haters w this one. Killed it! 🔥🔥🔥
Micheal did a great job moderating this episode. Well done.
Appreciate it!
Duncan rocking the Lockheed Martin C-130J Super Hercules hat!
Amazing Job Michael. Great work on your own. Didn’t even miss Josh at all. 😅
Nice one, Michael! Good job!
Mike completely shining this ep
Thank you!
Nice Job Michael!
this kid mike -- real bright future ahead of him!
Great job mike!!
👍 Good Show. Thanks again everyone
EXCELLENT video. A lot of good information you can't get anywhere. Thanks Guys !!!
Thanks for watching!
Duncan’s witty quip had me in stitches
Glad you liked that, haha
Great discussion. Well done Mike!
Thank you!
Nice job Michael. Very interesting conversation. I like how you defended 60/40 and current bond yields. Traders and hedge fund guys will talk about the current horror of treasury bonds but rarely do they talk about a simple ladder that's capruring 16 year highs on the short end up to the 10 year. This avoids rate increase risk and reinvestment risk assuming you hold to maturity, which a ladder lets you do. Its boring and won't make brokers much money but the returns are great and it's a historically good time to lock in the rates, knowing that you could take advantage if rates rise when your first rung expires and aleep easy if rates fall as well. Boring often wins.
Batnick is the man!
Great discussion
Great show, great job. When the Captain is down, Admiral Barry needs to take the helm. Michael was having to do all that heavy lifting solo.
Great show! Excellent presentation on private credit.
Excellent guests! Excellent discussion! Thank you
Thanks for watching!
Keep on going, Love this show👌👌
Thank you!
Michael shoved. Great show
Awesome show! Love the content. Great job 🎉
Thanks for watching!
Looks like the decor pillow took another karate chop. It's almost two pillows now. Sorry I said said something about it Tuesday.
Great job!
Interesting to hear about that book recommendation at the end, the Scots book piqued my interest.
More legit people like these dudes and no more snake oil salesmen/influencer finance types
Where the heck is Downtown Josh Brown ??!
Nashville!
@@TheCompoundNews Fly fishing?
He's renovating his mudroom
@@100Kto1M Mudrooms are quickly replacing living rooms as the entertainment center of the home. Batnick is an influencer.
Great show
Thanks!
"Do you think her relationship with Sam is over for good?" 🤣
Great episode!
For once we are talking finance and not bullshit, well done.
They never talk about bullshit my man!!
points of view@@bradleylabra7975
I should have gone to college..........I can listen to this shit all day long.
Get these guests back, especially JVE.
3 balds, love it!
Michael didn't interupt this time so it went well.
Rolling Recession. 100%
I am GM of an auto group. All auto dealers are in a recession, prior to UAW issues.
Is josh downtown?
The reason why no one believes the FED is because the FED was wrong about every prediction and has had to walk back every rate forecast in the last twenty years. The regime is not "QE will come back", the regime is "FED is as wrong as always"
I painfully bought stocks today. Hope it works out.
It will usually feel bad when you make what turn out to be your best buys.
Don't worry, the market is historically positive 73% of the time. Stay long and stay strong.
@@michaelskyros8803 Sure, but there have been many multi-year stretches where the markets went nowhere. Also, it took until 2014 for the SPX to recover to 2007 levels. Risk/reward tolerance changes with age. If you’re retired a huge drawdown and a few tough years in mkts is much more difficult to recover from vs if it occurs even when when you’re 30-50.
Let’s be real. The RV prices soared to ridiculous pricing after the buying frenzy from 2020+ . Also, How many people about there left to buy a new RV after all the impulse buying because of covid? The high interest rates on loans to buy RVs is also a huge obstacle for new purchases. The bottom ain’t here yet
"I stayed invested for 40 years. Thank god 20% of my portfolio was bonds." ..... said nobody ever.
I am a retired firefighter/ paramedic my pension has a cola of 3 percent i am going backwards ? My standerd of living is screwed
criminals spending like criminals this is the thanks for your service police, military ,fire and other government employees??
Is SBF Trail the long awaited sequel to The Oregon Trail?
Mike you did a great job buddy, but you already knew that
Thanks!
well guess mike to his meds today! heck of ajob
Lol ironically I usually could not care less about batnick, but wow he's so much better when he needs to sail the ship himself and needs to pay attention to the guest
Andrew Beer Etf: DBMF
Total Return 12% since inception😅😅
Hm, was an incredible hedge Jan-Oct 2022. .85% expense is rough. It's definitely a small piece of a portfolio at best. They said alts 10%? They know it's not meant to replace your stocks or bonds in a major way. Seems like a product for people holding on to wealth, not people gambling all in on UPRO and TQQQ to try to create it.
@@zeus_2001 I could’ve just bought 1 month t bills and outperformed. Seems like a poor diversification if you ask me.
3,640?
All this talk of bonds and alternatives and no mention of bitcoin with Van Eck in the house?! 🤔
I don’t understand why people worry about our debt and whether we could default. Our government has a monopoly on the creation of USD and all our debt is in USD. So what could stop us from just printing money to cover our debt. It’s not like we have to pay back our debt in commodities or units of labor.
Why doesn’t Argentina do that?
Because Argentina cannot print USD. Only the United States of America can do that. The USA is the only control that has a monopoly on the global currency, which is the US dollar. After WWII, the US got the world to switch to the United States dollar as the global unit of exchange. At the time, the US dollar was backed by gold, which helped to sell the currency to the world. Once the world got used to the US dollar as the international currency, President Nixon took the US dollar off of the gold standard and gave the USA the freedom to print US dollars without it being backed by gold or any other commodity or unit of labor. Since then the US has been able to run deficits without suffering any true consequence other than an average 3% inflation rate. Therefore the Argentina comparison is not valid. As the world does not function on their currency.
@@petermitchell4523 They have debt in USD.
It becomes a problem when China and Japan no longer want to buy US Treasuries. What do you do when nobody wants to lend to you? Suddenly cut expenditure and raise taxes?
Why? Again all our debt is in US dollars, which the US has a monopoly on the power to create. Only threat is if the world no longer wants to accept US dollars as payment. At which point the world would have to stop trading with the US. Do you think the world can survive economically if the US stopped buying its goods? Definitely not now. Our only threat is if we choose to become isolationist and the rest of the world has to learn to live without the US, then they won’t need US dollars. Raising taxes is a way to destroy US dollars, why would our government do that, other than a way to rationalize printing of US dollars. As to buying treasuries, if China and Japan stop buying them, so what. People are thinking governments are like households, which isn’t true. A household has to balance its budget because it cannot create money. Most other countries governments have to trade in US dollars so when they print more of their currencies they get double and triple digit inflation. The US government controls the creation of US dollar, which the rest of the world needs in order to trade with the US, so the world will keep coming back for US dollars. I think people have a hard time with the free lunch idea, because of how unfair it seems. But think about, in life some people do get a free lunch, whether it’s because others like being around them and invite them places or because others like how they feel around them.
where is the sorta chubby but strangely still handsome blonde guy?
briing back the guy on the left anytime - the guy on the middle, please no.
Really? You're sponsored by SOXX but the guest is SMH.
Is having the sound guy and photographer working around you WHILE you're interviewing suppose to give a vibe? I'm not getting it!
Cold opening. Most commenters like it. It's different.
I guess there's a lot more you're not getting, just guessing.