The Pain Trade Podcast

Latest Episodes:

Understanding the Impact of Unseen Warfare on Global Economy with Pippa Malmgren Aug 29, 2023

Show notes

Are you ready to decode the signals of global economic changes? Brace yourselves for an enthralling conversation with Pippa Malmgren, a seasoned economist with a knack for dissecting global issues. Together, we unravel the mystery of 'signals' - subtle indicators of future economic trends before they get etched into data. We discuss the intriguing trend of 'shrinkflation,' where a candy bar's shrinking size becomes an early warning sign of inflation. Also on the table is the breakdown of the social contract, a canary in the coal mine for societal trust and dissatisfaction.
Strap yourself in as we journey through invisible conflicts shaping our world, from the Arctic's icy expanses to space's vast void. Get a fresh perspective on the hot war in cold places and the cold war in hot spots, like Africa and the Pacific. Pippa brings to light how cutting submarine cables transcends a mere technical issue and reflects the simmering conflict between superpowers. From China's economic footprint to the pressing problem of youth unemployment, our conversation takes sudden turns, always keeping you on your toes.
Finally, our discussion takes a rather unexpected flight as we broach the increasing recognition of Unidentified Aerial Phenomena (UAPs) by the US Air Force. How does this fit into the global picture? What implications does it hold for our future? Don't miss out on Pippa's unique insights that promise to reshape your understanding of these issues. Join us for this riveting episode as we decode the global economic changes around us and their impact on the future.
ANTICIPATE STOCK MARKET CRASHES, CORRECTIONS, AND BEAR MARKETS WITH AWARD WINNING RESEARCH. Sign up for The Lead-Lag Report at http://www.leadlagreport.com and use promo code PODCAST30 for 2 weeks free and 30% off.
Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities.
The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial inst

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Forced into Frugality: Charles Hugh Smith's Insightful Take with Michael Gayed Aug 28, 2023

Show notes

Make sure you also check Charles’ Substack at https://charleshughsmith.substack.com/
In this riveting episode of Lead-Lag Live, renowned author and commentator Charles Hugh Smith offers his insightful perspective on the current socio-economic climate in an interview with Michael Gayed. Titled, "We're All Screwed: Charles Hugh Smith on Forced Frugality," this video explores the deepening financial crisis and the increasing need for forced frugality in our lives.
Charles Hugh Smith, known for his profound insights into economic trends, discusses his views on the effects of socioeconomic and cultural changes on everyday living. Having written numerous books on issues like inequality, the decay of societal structures, and the impending financial collapse, Smith provides a unique perspective on the current state of affairs.
Michael Gayed, the host of Lead-Lag Live, is an award-winning financial analyst who is known for his ability to ask tough questions and dig deep into complex financial topics. In this interview, Michael Gayed takes the audience on a journey through the hard realities of the financial world and our society's looming economic challenges.
This video promises an in-depth and exciting dialogue between two financial experts. It's a must-watch for anyone interested in understanding the economic realities we are currently facing and the future of our financial system. The discussion between Charles Hugh Smith and Michael Gayed of Lead-Lag Live is sure to leave you thinking deeply about the state of our economy and the necessity of adopting a more frugal lifestyle.
So, if a deep dive into financial realities and intense discussions on forced frugality make your brain tingle, this video is just for you. Hit subscribe to stay updated with more insightful interviews and discussions from Lead-Lag Live. Remember to like, share, and comment with your thoughts on this profound conversation.
ANTICIPATE STOCK MARKET CRASHES, CORRECTIONS, AND BEAR MARKETS WITH AWARD WINNING RESEARCH. Sign up for The Lead-Lag Report at www.leadlagreport.com and use promo code PODCAST30 for 2 weeks free and 30% off.
Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities.
The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.

Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive.

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Unpacking the Credit Crisis in China with Jens Nordvig Aug 27, 2023

Show notes

In our latest podcast, "The Case For A Credit Crisis Builds: Jens Nordvig On China Collapsing," we delve deep into the global financial landscape, presenting an insightful discussion between two financial market titans - Jens Nordvig and Michael Gayed. This exchange is not just a regular interview; it's a reservoir of expert opinions, informed predictions, and strategic insights aimed at helping you stay ahead of the curve.
Jens Nordvig, renowned economist and founder of Exante Data, shares his expert perspectives on the impending credit crisis and its potential impact on international economies. He brings particular focus to the imminent risk of China's economy collapsing, making a case that could alter your investment strategies and market outlook.
Interviewed by Michael Gayed of Lead-Lag Live, Nordvig's analysis is presented in an easy-to-understand format, ensuring that both finance professionals and enthusiastic individuals can benefit from his foresight. With Gayed's ability to ask pertinent questions, the interview provides a comprehensive understanding of the volatile economic climate.
As we navigate these uncertain times, it becomes increasingly important to stay informed and prepared. This podcast is a must-listen for anyone interested in finance, economics, and investment. Tune in to hear Jens Nordvig interviewed by Michael Gayed of Lead-Lag Live, and gain a distinct advantage in comprehending the financial market’s future.
Remember to subscribe to our channel and hit the notification bell to stay updated with our latest content – we regularly host financial experts who share their invaluable experiences and insights on financial trends, market dynamics, and investment strategies. Don't miss out on these knowledge-rich discussions!
ANTICIPATE STOCK MARKET CRASHES, CORRECTIONS, AND BEAR MARKETS WITH AWARD WINNING RESEARCH. Sign up for The Lead-Lag Report at www.leadlagreport.com and use promo code PODCAST30 for 2 weeks free and 30% off.
Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities.
The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.

Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive.

Support the show

The Last Sustainable Edge With Jim O’Shaughnessy Aug 23, 2023

Show notes

Delve deep into the topic of investing in our latest podcast, "The Last Sustainable Edge With Jim O’Shaughnessy." This intriguing conversation sheds light on the future of investing and how to manage through it.
In this engaging podcast, renowned investor and author Jim O’Shaughnessy is interviewed by Michael Gayed, the host of Lead-Lag Live and an award-winning investment strategist. This Jim O’Shaughnessy Interviewed by Michael Gayed of Lead-Lag Live session provides a unique opportunity to hear insights from one of the most respected voices in the investment industry.
Apart from discussing the finer points of investing, the podcast also takes a look at O'Shaughnessy's journey thus far. It provides an intimate look into his philosophy and approach to investing, making it a must-listen for anyone interested in understanding the dynamics of the modern investment industry.
ANTICIPATE STOCK MARKET CRASHES, CORRECTIONS, AND BEAR MARKETS WITH AWARD WINNING RESEARCH. Sign up for The Lead-Lag Report at www.leadlagreport.com and use promo code PODCAST30 for 2 weeks free and 30% off.
Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities.
The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.

Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive.

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Unmasking the Intricacies of Market Conditions with Dale Pinkert Aug 22, 2023

Show notes

What happens when a seasoned financial expert speaks on the tumultuous financial markets? You get an invigorating discussion with our esteemed guest, Dale Pinkert, who has been in the industry since the 70s. He dissects the potential credit event unfolding in the treasury market, shares insights on the weakening US dollar yen, and spotlights the effects of the BOJ's safe haven buying on the equities market. With a keen analysis of the RSI on the weekly TLT chart and its key points of momentum, Dale also brings to light the implications of tech stocks and earnings arriving later in the day.
Could there be an orchestrated banking crisis unfolding before our eyes? We investigate the possibility of the Federal Reserve pulling the strings, potentially aiming to commandeer the banking system through the use of CBDCs. We piece together the strategic moves the Fed might make in the face of a confidence crisis paired with the implications for currency markets, commodities, and gold in a risk-off event. This discussion leads us to consider the prospect of a sovereign bond crisis spilling over to the US, backed by Dale's expertise on the recent declines in long-duration treasuries and the potential for a credit event in 2021.
To conclude this episode, we shift gears as Dale highlights the importance of digital marketing strategies for today's businesses. He talks about effective ways to build a brand, engage customers, and create content that resonates with your target audience. Don't miss out on his unique insights that could give your business the edge it needs. Tune in for a deep dive into the current financial climate and beyond, as we sift through these fascinating topics with Dale.
ANTICIPATE STOCK MARKET CRASHES, CORRECTIONS, AND BEAR MARKETS WITH AWARD WINNING RESEARCH. Sign up for The Lead-Lag Report at www.leadlagreport.com and use promo code PODCAST30 for 2 weeks free and 30% off.
Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities.
The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.

Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive.

Support the show

From Liquidity Dynamics to Market Predictions with Michael Howell Aug 22, 2023

Show notes

Are you ready for some high-level financial wizardry that demystifies complex concepts like global liquidity, present and past economic indicators, and future market predictions? We have with us Michael Howell, a seasoned market researcher, who illuminates us with his three decades worth of knowledge on these intricate financial dynamics. We promise to take you on a journey from understanding the pivotal roles of the Federal Reserve and the People's Bank of China to the intricacies of market vs. funding liquidity, and why it doesn't always reflect the real economy's health.
Let's delve deeper into some international finance politics involving China's economy and the U.S.'s strategic moves in adding pressure in the currency market. We also touch upon the Shanghai Accord of 2016 designed to moderate a strong US dollar and its impacts on the Chinese Yuan. Grab your notepads as we unravel the concept of 'pristine capital' and the continuing value of US Treasury bonds as a prized collateral in banking and insurance, even amidst global financial turbulence.
As we approach the end, we cast our lenses on potential upheavals, such as a US Treasury market downgrade and a duration crisis mutating into a credit crisis. We shed light on the 'Mothra effect,' Japan's impact on complex systems, and how oil affects liquidity and the market. We leave no stone unturned, discussing ever-present topics such as the increasing interest bill on US debt and the future of yield curve control. Join us as we wrap up with Michael's future predictions, the potential impact of the US elections, and potential market interruptions. Get ready to have your financial acumen leveled up!
ANTICIPATE STOCK MARKET CRASHES, CORRECTIONS, AND BEAR MARKETS WITH AWARD WINNING RESEARCH. Sign up for The Lead-Lag Report at www.leadlagreport.com and use promo code PODCAST30 for 2 weeks free and 30% off.
Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities.
The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.

Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive.

Support the show

Trading in Turbulent Times: A Deep Dive with Greg Duncan Aug 21, 2023

Show notes

Ever wonder what it's like to dive headfirst into the turbulent world of trading during a pandemic? Today, we're talking with Greg Duncan, a seasoned trader and business degree holder who did just that. When COVID struck, Greg took the plunge and learned invaluable life lessons about structure, discipline, and the madness surrounding meme stocks.
Drawing parallels from his athletic background, Greg shares how the principles of confidence and consistency from sports can shape a successful trader. He'll take us through his journey of exploring the market, the importance of irrational confidence, and the gamified landscape of modern investing. Plus, get ready to delve into the minutiae of technical analysis, the art of options trading, and the paramount role of risk management.
But that's not all. Greg reveals how he harnesses the power of social media to bolster his trading skills and his watch list of promising stocks. He believes in the importance of stepping outside one's comfort zone for personal growth and offers words of wisdom for new traders venturing into the market. So, strap in and join us for this exhilarating ride into the world of trading with Greg Duncan!
ANTICIPATE STOCK MARKET CRASHES, CORRECTIONS, AND BEAR MARKETS WITH AWARD WINNING RESEARCH. Sign up for The Lead-Lag Report at www.leadlagreport.com and use promo code PODCAST30 for 2 weeks free and 30% off.
Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities.
The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.

Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive.

Support the show

Ellen Wald: The Ripple Effects of American Policy on Global Oil and Mineral Supply Chains Aug 21, 2023

Show notes

Join us on a journey through the intricate labyrinth of oil market dynamics in a post-COVID world, with our guest, the esteemed historian Ellen Wald. With her deep-rooted insights into the history of oil companies' operations in the Middle East, we dissect the current supply and demand scenario, elucidating Saudi Arabia's decision to prolong their voluntary oil production cut. We'll also scrutinize the likelihood of a supply crunch in the coming seasons and the illuminations it may cast on China's recovery.
We take a turn into the realm of critical minerals, rare earths, and turbids, with China's dominance over their supply chain as our central plot. Uncover the layers of environmental and human rights violations linked to mining these minerals as we explore alternative sources and potential partnerships that may tilt the balance in favor of American interests. Be prepared for a revelation on South America's vast lithium and cobalt resources and the urgent need for stronger alliances in our neighborhood.
Ending our discourse on a note of introspection, we scrutinize the impact of American policies on the supply of critical minerals and oil. The implications of tax incentives for buying cars powered by rare earths and other materials unavailable in the US come under our lens. As we consider the possible repercussions of an electric vehicle world heavily reliant on Chinese imports for rare earths, we look at how supply chain disruptions can have far-reaching impacts on everyday citizens. It's an eye-opening exploration that you can't afford to miss.
ANTICIPATE STOCK MARKET CRASHES, CORRECTIONS, AND BEAR MARKETS WITH AWARD WINNING RESEARCH. Sign up for The Lead-Lag Report at www.leadlagreport.com and use promo code PODCAST30 for 2 weeks free and 30% off.
Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities.
The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.

Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive.

Support the show

Exploring Bitcoin's Potential in Fighting Monetary Repression and Upholding Freedom with Alex Gladstein Aug 20, 2023

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Join us on a journey with Alex Gladstein, Chief Strategy Officer of the Human Rights Foundation, as we unlock the massive potential of Bitcoin in the fight against monetary repression and the quest for freedom. Gladstein takes us into a world where governments manipulate money systems to oppress citizens and paints a vivid picture of how Bitcoin is becoming a beacon of hope for modern-day freedom fighters. With insights from his book, "Hidden Repression", he peels back the layers of the dollar system's history and its role in causing global suffering. This compelling narrative promises to leave you questioning everything you thought you knew about global finance.
We then navigate the winding roads of international financial institution evolution, scrutinizing the Bretton Woods system, World Bank, and IMF. We examine their shifting objectives post-colonialism, and the creation of a financial bubble due to loan systems in the 70s and 80s. The cycle of debt sparked by leaders borrowing without public consent and its impact on developing nations is startling. But could Bitcoin be the master key enabling escape from these oppressive regimes? We engage in this intriguing discussion, weighing the coexistence of utility and momentum mentalities.
As we venture further, we delve into Bitcoin's growing influence on freedom movements and its adoption in countries battling monetary repression. Gladstein recounts his time in El Salvador, sharing insights on the government’s endeavor to harness Bitcoin's power and build a Bitcoin-compatible infrastructure. We also consider the implications of a Bitcoin standard on the United States and other nations, in particular, the pivotal dollar-oil dynamic and its significance to Bitcoin's growth. This rich conversation explores the potential advantages for democracy and grapples with the moral complexities of the United States' relationship with Saudi Arabia. So tune in, and let's explore the uncharted territories of Bitcoin, financial repression, and freedom.
ANTICIPATE STOCK MARKET CRASHES, CORRECTIONS, AND BEAR MARKETS WITH AWARD WINNING RESEARCH. Sign up for The Lead-Lag Report at www.leadlagreport.com and use promo code PODCAST30 for 2 weeks free and 30% off.
Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities.
The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.

Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive.

Support the show

Exploring Asian Markets and Central Bank Policies with Weston Nakamura Aug 20, 2023

Show notes

Get ready for an electrifying voyage into the world of finance with Weston Nakamura. Weston is a seasoned finance professional who relocated to Tokyo at the start of Abinomics and has since navigated his career from derivatives futures options trading to a pivotal role at Blockworks Macro. He brings a unique perspective on the dynamics of central bank policies, Japan's yield curve control, and the influence of Asian markets on the global financial framework. If you've ever been curious about the blind spots in the US coverage of Asian markets, this is the episode for you.
We delve into the history of Japan's economy and the birth and impact of the Kerry trade. From the immense asset bubble in the late 80s to the deflationary mindset that ensued, Nakamura provides an insightful look at financial transitions. We also explore the Bank of Japan's zero and negative interest rate environment, which gave birth to the carry trade, and consider the potential global market implications of a rising yen against speculative short positions.
The episode winds down with an examination of Japan's current debt crisis and possible resolutions. Nakamura offers thought-provoking insights on the implications of the Bank of Japan's decision to lift its yield perp control and the potential impact of Japan repatriating its trillions of dollars back home. We also discuss the Bank of Japan's ETF holdings, wealth inequality, and the potential influence on the Japanese equity market. Get ready to broaden your understanding of global financial dynamics in a conversation packed with captivating discussions and deep insights.
ANTICIPATE STOCK MARKET CRASHES, CORRECTIONS, AND BEAR MARKETS WITH AWARD WINNING RESEARCH. Sign up for The Lead-Lag Report at www.leadlagreport.com and use promo code PODCAST30 for 2 weeks free and 30% off.
Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities.
The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.

Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive.

Support the show