The Grant Williams Podcast

Kaos Theory Ep 5 – Robert Spalding

Joining us for the latest edition of Kaos Theory is Retired Brigadier General Robert Spalding, who discusses with us the need for the US to understand and counter China’s information warfare tactics. General Spalding emphasizes the importance of the information aspect of national power and how China is winning the battle on this front, highlights the need for the US to use tools and strategies that lead to less military force and more thinking in achieving desired outcomes, and also discusses the vulnerabilities of the US’s highly centralized infrastructure and the need for a more resilient and secure network architecture.

General Spalding shares his efforts to educate America through his book and his company, Semper Ai, which aims to create a decentralized infrastructure to protect communities and ensure continuity of operations. Also under the microscope is the importance of critical thinking, dissent, and protecting individual rights.

This episode is what we Brits would call a ‘real rip-snorter.’ Enjoy!

Listen Now »

The End Game Ep 47 – The Two Mikes

Returning to The End Game as we begin the year with a bang are the brains behind Simplify, The Two Mikes, Green & Taylor who take turns picking apart just about ever facet of the financial and political spectrum. From the growth of passive investing and its potential impact on the market to the importance of […]

This content is only available for active subscribers. Subscribe

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The Grant Williams Podcast: Michael Oliver 2023

Joining me for the final episode of The Grant Williams Podcast in 2023 is returning guest, Michael Oliver, the brains behind Momentum Structural Analysis (MSA) – one of the most original and, in my experience, accurate forecasters of asset prices right across the spectrum.

In a hugely enjoyable conversation, we discuss the current state of the markets and what to expect in 2024. Michael explains his unique approach to technical analysis, which focuses on momentum rather than price, and emphasizes the importance of looking at long-term trend structures and how they can provide a different perspective on market patterns.

Also under the microscope are the potential impact of the upcoming US elections and the increasing division in the country. Michael explains why he believes that there is no outcome of the election that will be peaceful and that this could have significant implications for the markets.

Lastly, he also highlights the potential for a rally in gold and commodity-related stocks. Whichever way you cut it, Michael’s analysis suggests that investors should be cautious in the face of potential market volatility in the coming year.

This content is only available for active subscribers. Subscribe

Listen Now »

The Grant Williams Podcast: Jesper Koll

In the penultimate episode of The Grant Williams Podcast for 2023, I’m delighted to welcome Jesper Koll, a long-time resident of Japan and former Chief Strategist and Head of Research for U.S. investment banks J.P. Morgan and Merrill Lynch for a discussion about the current state of the country’s economy and the many Western misperceptions about the investment opportunities available in the world’s third-largest economy.

Jesper discusses the quiet revolution taking place in Japan and the positive changes that have occurred over the past few decades, highlighting the improvements in quality of life, public infrastructure, and corporate efficiency. We also discuss the role of the Bank of Japan and the potential for interest rate normalization.

Jesper suggests that sectors such as banks, financials, residential developers, and capital goods companies could benefit from the current economic landscape in Japan and emphasizes the importance of human capital and the changing dynamics in the labor market.

This content is only available for active subscribers. Subscribe

Listen Now »

Super Terrific Happy Hour Ep. 21: Return Of The Doyen

As we close out another super, terrific and (hopefully) happy year, Steph and I welcome our dear friend and doyen of the gold market, John Hathaway back to share his up-to-date thoughts on you-know-what as we take stock of another crazy twelve months in precious metals markets.

John explains where he feels the world’s central banks currently stand with regards gold, analyzes the relationship between both real interest rates and the US fiscal situation as they pertain to precious metals prices and discusses their potential impact on the price as we move into 2024.

Additionally, John walks us through the current set-up in the mining stocks, explaining just how undervalued, unloved and unappreciated they are and laying out a mouth-watering roadmap towards much higher prices. Finally, he offers some sage advice for anybody thinking about investing in these incredibly volatile companies.

This content is only available for active subscribers. Subscribe

Listen Now »

The Grant Williams Podcast: Jared Dillian

My guest on this episode of The Grant Williams Podcast is Jared Dillian, publisher of The Daily Dirtnap and author of a series of superb books chronicling the many different facets of life on Wall Street.

Jared joins me to discuss his latest book “No Worries: How to Live a Stress-Free Financial Life” which will be published in January. In what is a truly superb piece of work, Jared focuses on personal finance and the importance of having a healthy relationship with money, emphasizing the need to understand risk appetite and to find a balance between spending and saving – important lessons for anyone who wants to understand the multiple ways by which fortunes can be made and lost.

Jared also shares his thoughts on the current macro environment, including his views on interest rates, inflation, gold’s place in a portfolio and Bitcoin.

This content is only available for active subscribers. Subscribe

Listen Now »

The Grant Williams Podcast: Sam Burns

Joining me this time around on The Grant Williams Podcast is Sam Burns of Mill Street Research and the subject at hand is Sam’s recent research offerings that examine the wild swing between oversold and overbought markets, the influence of interest rates and bond yields on stock prices, the potential for the Fed to cut rates in 2024, and the Fed’s messaging to market participants and consumers alike.

We also discuss the impact of Chinese credit growth on the world economy, the outlook for commodities, the potential normalization of the Bank of Japan and the strength of the yen, the outlook for gold, and the sectors on which Sam is bullish.

Fun for all the family so dive on in!

This content is only available for active subscribers. Subscribe

Listen Now »

The Grant Williams Podcast: Dave Dredge

Returning to the podcast this time around is my great friend, and one of my most-requested guests, Dave Dredge of Convex Strategies in Singapore, who joins me to update us on his thinking around the state of ‘Sharpe World,’ the ‘arrow of time’ and the importance of solvency in investment portfolios.

Dave emphasizes the need to focus on control rather than prediction and highlights the benefits of optimizing to divergences rather than the mean and also discusses the challenges of navigating the current low volatility environment and the limitations of traditional investment structures.

Finally, we focus on the importance of finding cheap volatility and taking advantage of convexity in the market as well as the potential risks and consequences of the current financial system.

This content is only available for active subscribers. Subscribe

Listen Now »

This Week In Doom – #17: Moles, Meat & Mayhem

The Green Chicken is back to discuss three excellent recent pieces spanning Western sanctions against Russian oil and their unintended consequences, the preposterous words of a high-ranking member of the US House Ways & Means committee around the ‘creation’ of hydrogen and the ongoing attempts to wean the world off a diet of meat.

As always, Doomberg brings a little much-needed sanity to the debates around all three issues, using outdated concepts such as science and common sense to debunk much of what mainstream media is force-feeding its consumers.

As the world around us gets a little more unhinged with each passing day, we’re fortunate to be able to call upon a cartoon fowl to provide a little perspective.

Listen Now »

Grant Williams Podcast: Felix Zulauf

Returning to The Grant Williams Podcast for the latest episode is my dear friend, and most requested guest, Felix Zulauf.

Once again, Felix offers a comprehensive roadmap for the coming months, including another tour de force assessment of bond markets, equity markets, currencies, commodities and the various (and mounting) geopolitical challenges facing investors in all corners of the globe.

Felix walks us through his framework for 2024 and 2025, explains where adjustments have been made from his eerily prescient predictions a year ago and outlines the results of his constant reevaluation of the various short- and long-term cycles which form the foundation of his extraordinary work.

Bitcoin, gold, the Japanese yen and yes (TRIGGER WARNING), climate change all come under Felix’s microscope, so sit back and enjoy one of the true greats of our business in full flow.

This content is only available for active subscribers. Subscribe

Listen Now »

Super Terrific Happy Hour Ep. 20: Not So Silent Sy

Making a welcome (and long overdue) return to the Super Terrific Happy Hour is friend-of-the-show Sy Jacobs, Managing Partner of Jacobs Asset Management, a long/short hedge fund which focuses on the financial sector and, funnily enough, given the events of this year, Sy has plenty of thoughts to share as we dig into an area of the market which has seen more than its fair share of upheaval in 2023.

From the chaos unleashed by Silicon Valley and Signature Banks, we move through the difficulties in selling short in today’s markets to a discusion of the art of short-selling and on to private credit markets, the BoJ, anti-fragility, gold, the Fed and so much more.

Once again, Sy gives a masterclass in the art of managing risk and drags me and Steph along for the ride.

Wonderful stuff!

This content is only available for active subscribers. Subscribe

Listen Now »

Grant Williams Podcast: John Ellis

Joining me on this episode of The Grant Williams Podcast is John Ellis, the founder and editor of News Items and Political News Items. During his career, John has worked with NBC News as a political analyst, The Boston Globe as a columnist, Business Insider as political editor, and News Corp, where he worked on special projects for Rupert Murdoch.

In 2016, John launched News Items, which became The Wall Street Journal CEO Council’s morning newsletter. Subsequently John relaunched News Items as an independent newsletter in 2019 and his articles have been published in Fast Company, The Washington Post, The Wall Street Journal and Real Clear Politics.

In this fascinating conversation, John and I discuss Code Inequality and the dangers it poses to society as well as the implications for governments as the rise of AI continues. We also discuss the lack of understanding in mainstream media about the level of threat posed by the financialization of everything.

This content is only available for active subscribers. Subscribe

Listen Now »

The Grant Williams Podcast

Kaos Theory Ep 5 – Robert Spalding

Joining us for the latest edition of Kaos Theory is Retired Brigadier General Robert Spalding, who discusses with us the need for the US to understand and counter China’s information warfare tactics. General Spalding emphasizes the importance of the information aspect of national power and how China is winning the battle on this front, highlights the need for the US to use tools and strategies that lead to less military force and more thinking in achieving desired outcomes, and also discusses the vulnerabilities of the US’s highly centralized infrastructure and the need for a more resilient and secure network architecture.

General Spalding shares his efforts to educate America through his book and his company, Semper Ai, which aims to create a decentralized infrastructure to protect communities and ensure continuity of operations. Also under the microscope is the importance of critical thinking, dissent, and protecting individual rights.

This episode is what we Brits would call a ‘real rip-snorter.’ Enjoy!

Listen Now »

The End Game Ep 47 – The Two Mikes

Returning to The End Game as we begin the year with a bang are the brains behind Simplify, The Two Mikes, Green & Taylor who take turns picking apart just about ever facet of the financial and political spectrum. From the growth of passive investing and its potential impact on the market to the importance of […] This content is only available for active subscribers. Subscribe

Listen Now »

The Grant Williams Podcast: Michael Oliver 2023

Joining me for the final episode of The Grant Williams Podcast in 2023 is returning guest, Michael Oliver, the brains behind Momentum Structural Analysis (MSA) – one of the most original and, in my experience, accurate forecasters of asset prices right across the spectrum.

In a hugely enjoyable conversation, we discuss the current state of the markets and what to expect in 2024. Michael explains his unique approach to technical analysis, which focuses on momentum rather than price, and emphasizes the importance of looking at long-term trend structures and how they can provide a different perspective on market patterns.

Also under the microscope are the potential impact of the upcoming US elections and the increasing division in the country. Michael explains why he believes that there is no outcome of the election that will be peaceful and that this could have significant implications for the markets.

Lastly, he also highlights the potential for a rally in gold and commodity-related stocks. Whichever way you cut it, Michael’s analysis suggests that investors should be cautious in the face of potential market volatility in the coming year.

Listen Now »

The Grant Williams Podcast: Jesper Koll

In the penultimate episode of The Grant Williams Podcast for 2023, I’m delighted to welcome Jesper Koll, a long-time resident of Japan and former Chief Strategist and Head of Research for U.S. investment banks J.P. Morgan and Merrill Lynch for a discussion about the current state of the country’s economy and the many Western misperceptions about the investment opportunities available in the world’s third-largest economy.

Jesper discusses the quiet revolution taking place in Japan and the positive changes that have occurred over the past few decades, highlighting the improvements in quality of life, public infrastructure, and corporate efficiency. We also discuss the role of the Bank of Japan and the potential for interest rate normalization.

Jesper suggests that sectors such as banks, financials, residential developers, and capital goods companies could benefit from the current economic landscape in Japan and emphasizes the importance of human capital and the changing dynamics in the labor market.

Listen Now »

Super Terrific Happy Hour Ep. 21: Return Of The Doyen

As we close out another super, terrific and (hopefully) happy year, Steph and I welcome our dear friend and doyen of the gold market, John Hathaway back to share his up-to-date thoughts on you-know-what as we take stock of another crazy twelve months in precious metals markets.

John explains where he feels the world’s central banks currently stand with regards gold, analyzes the relationship between both real interest rates and the US fiscal situation as they pertain to precious metals prices and discusses their potential impact on the price as we move into 2024.

Additionally, John walks us through the current set-up in the mining stocks, explaining just how undervalued, unloved and unappreciated they are and laying out a mouth-watering roadmap towards much higher prices. Finally, he offers some sage advice for anybody thinking about investing in these incredibly volatile companies.

Listen Now »

The Grant Williams Podcast: Jared Dillian

My guest on this episode of The Grant Williams Podcast is Jared Dillian, publisher of The Daily Dirtnap and author of a series of superb books chronicling the many different facets of life on Wall Street.

Jared joins me to discuss his latest book “No Worries: How to Live a Stress-Free Financial Life” which will be published in January. In what is a truly superb piece of work, Jared focuses on personal finance and the importance of having a healthy relationship with money, emphasizing the need to understand risk appetite and to find a balance between spending and saving – important lessons for anyone who wants to understand the multiple ways by which fortunes can be made and lost.

Jared also shares his thoughts on the current macro environment, including his views on interest rates, inflation, gold’s place in a portfolio and Bitcoin.

Listen Now »

The Grant Williams Podcast: Sam Burns

Joining me this time around on The Grant Williams Podcast is Sam Burns of Mill Street Research and the subject at hand is Sam’s recent research offerings that examine the wild swing between oversold and overbought markets, the influence of interest rates and bond yields on stock prices, the potential for the Fed to cut rates in 2024, and the Fed’s messaging to market participants and consumers alike.

We also discuss the impact of Chinese credit growth on the world economy, the outlook for commodities, the potential normalization of the Bank of Japan and the strength of the yen, the outlook for gold, and the sectors on which Sam is bullish.

Fun for all the family so dive on in!

Listen Now »

The Grant Williams Podcast: Dave Dredge

Returning to the podcast this time around is my great friend, and one of my most-requested guests, Dave Dredge of Convex Strategies in Singapore, who joins me to update us on his thinking around the state of ‘Sharpe World,’ the ‘arrow of time’ and the importance of solvency in investment portfolios.

Dave emphasizes the need to focus on control rather than prediction and highlights the benefits of optimizing to divergences rather than the mean and also discusses the challenges of navigating the current low volatility environment and the limitations of traditional investment structures.

Finally, we focus on the importance of finding cheap volatility and taking advantage of convexity in the market as well as the potential risks and consequences of the current financial system.

Listen Now »

This Week In Doom – #17: Moles, Meat & Mayhem

The Green Chicken is back to discuss three excellent recent pieces spanning Western sanctions against Russian oil and their unintended consequences, the preposterous words of a high-ranking member of the US House Ways & Means committee around the ‘creation’ of hydrogen and the ongoing attempts to wean the world off a diet of meat.

As always, Doomberg brings a little much-needed sanity to the debates around all three issues, using outdated concepts such as science and common sense to debunk much of what mainstream media is force-feeding its consumers.

As the world around us gets a little more unhinged with each passing day, we’re fortunate to be able to call upon a cartoon fowl to provide a little perspective.

Listen Now »

Grant Williams Podcast: Felix Zulauf

Returning to The Grant Williams Podcast for the latest episode is my dear friend, and most requested guest, Felix Zulauf.

Once again, Felix offers a comprehensive roadmap for the coming months, including another tour de force assessment of bond markets, equity markets, currencies, commodities and the various (and mounting) geopolitical challenges facing investors in all corners of the globe.

Felix walks us through his framework for 2024 and 2025, explains where adjustments have been made from his eerily prescient predictions a year ago and outlines the results of his constant reevaluation of the various short- and long-term cycles which form the foundation of his extraordinary work.

Bitcoin, gold, the Japanese yen and yes (TRIGGER WARNING), climate change all come under Felix’s microscope, so sit back and enjoy one of the true greats of our business in full flow.

Listen Now »

Super Terrific Happy Hour Ep. 20: Not So Silent Sy

Making a welcome (and long overdue) return to the Super Terrific Happy Hour is friend-of-the-show Sy Jacobs, Managing Partner of Jacobs Asset Management, a long/short hedge fund which focuses on the financial sector and, funnily enough, given the events of this year, Sy has plenty of thoughts to share as we dig into an area of the market which has seen more than its fair share of upheaval in 2023.

From the chaos unleashed by Silicon Valley and Signature Banks, we move through the difficulties in selling short in today’s markets to a discusion of the art of short-selling and on to private credit markets, the BoJ, anti-fragility, gold, the Fed and so much more.

Once again, Sy gives a masterclass in the art of managing risk and drags me and Steph along for the ride.

Wonderful stuff!

Listen Now »

Grant Williams Podcast: John Ellis

Joining me on this episode of The Grant Williams Podcast is John Ellis, the founder and editor of News Items and Political News Items. During his career, John has worked with NBC News as a political analyst, The Boston Globe as a columnist, Business Insider as political editor, and News Corp, where he worked on special projects for Rupert Murdoch.

In 2016, John launched News Items, which became The Wall Street Journal CEO Council’s morning newsletter. Subsequently John relaunched News Items as an independent newsletter in 2019 and his articles have been published in Fast Company, The Washington Post, The Wall Street Journal and Real Clear Politics.

In this fascinating conversation, John and I discuss Code Inequality and the dangers it poses to society as well as the implications for governments as the rise of AI continues. We also discuss the lack of understanding in mainstream media about the level of threat posed by the financialization of everything.

Listen Now »