Super Terrific Happy Hour

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.

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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!

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Listen Now »

Super Terrific Happy Hour Ep. 19: How Do You Solve A Problem Like Inflation?

In the latest episode of The Super Terrific Happy Hour, Steph and Grant are joined by an all-star panel of guests to discuss the macro environment as it pertains to inflation and how each of them is using their vast experience to position themselves correctly for the way they see the inflationary pulse playing out.

James Davolos of Horizon Kinetics, Adam Rozencwajg of Goehring & Rozencwajg and Dave Iben of Kopernik Global Investors join forces to offer a series of hugely enlightening perspectives about where the world finds itself, how we got here and, importantly, not only where we’re headed, but what to do about it.

Super? Yep. Terrific? Absolutely. Happy? You will be. Come and join us.

This content is only available for active subscribers. Subscribe

Listen Now »

Super Terrific Happy Hour Ep. 17: Crisis? What Crisis?

Stephanie & Grant are back to take a look at the recent turmoil in the US banking sector as we bid farewell to Silicon Valley Bank and Signature Bank while First Republic remains on life support.

What do the decisions taken in late-March by regulators mean for the future of the America’s mid-size banks? Was their response a well-crafted rescue plan or a seat-of-the-pants decision? Have any of last week’s shenanigans altered the probability that the US slips into recession and, if so, what will that mean for bonds, equities and the dollar? What are all these people doing in my bedroom?

Come and join the fun as our intrepid duo try to figure out the answer to at least one of those questions.

This content is only available for active subscribers. Subscribe

Listen Now »

Super Terrific Happy Hour Ep. 16: A Tale Of Two Surveys

Stephanie and Grant return for a long overdue conversation about the increasingly puzzling macro backdrop against which we’re all trying to first safeguard and then invest our increasingly precious capital.

Stephanie highlights the enormous discrepancy between the household employment survey and the Fed’s own payroll numbers and explains why, as others (including the Fed themselves) catch on, this is set to make a material difference to policy options.

Away from that, the two discuss credit markets, gold, the outlook for 2023 and anything else that takes their fancy in another hugely enjoyable discussion.

This content is only available for active subscribers. Subscribe

Listen Now »

Super Terrific Happy Hour Ep. 15: It’s Not A Lie If YOU Believe It

In the latest edition of The Super Terrific Happy Hour, Steph and Grant tackle the recent data as Steph shows the benefits of digging a little deeper than the headline numbers when economic figures are released. From the most recent BLS releases to inflation numbers and the real state of the consumer, Steph puts on a masterclass of analysis that goes far beyond the superficial standard set by most mainstream analysts. What do the recent Walmart, target and Amazon numbers tell us about the state of the economy and what problems are the current PPI and CPI data storing up?

This content is only available for active subscribers. Subscribe

Listen Now »

Super Terrific Happy Hour Ep. 14: John Hathaway

Our guest as the Super Terrific Happy Hour returns from hiatus is a dear friend of us both who is gracing the podcast for a second time – John Hathaway of Sprott Asset Management.

The genesis of John’s latest appearance on the STHH was a recent presentation he gave at the Strong Conference in Colorado in which he laid out the case for gold as we enter 2022 and, potentially, a very different investing landscape to the one to which we’ve become accustomed over the last decade or two.

John offers his thoughts on inflation, what lies in store from the Fed, what that may mean for the gold price and how the mining companies might fare in this brave new world.

*This conversation was recorded immediately before last week’s CPI print

This content is only available for active subscribers. Subscribe

Listen Now »

Super Terrific Happy Hour Ep. 13: Sam Zell

This week, on the Super Terrific Happy Hour, Stephanie & Grant are joined by the legendary Sam Zell, a billionaire investor, entrepreneur and philanthropist whose uncanny knack of knowing not just which businesses to get into, but when to let somebody else take them off his hands (at significantly higher prices) is unmatched.

In this wonderful conversation, Steph and Grant expose the details of Sam’s first ever business venture, the personality traits which give him an edge over his competitors and the methods by which he identifies potential opportunities amidst an onslaught of pitches from people keen to have him be a part of their latest venture.

Frank, humble and insightful, Sam is everything you’d want him to be and so much more…

Listen Now »

Super Terrific Happy Hour Ep. 12: F-Bombs

The Super Terrific Happy Hour returns with Steph Pomboy up a mountain in bear country contemplating all kinds of fascinating data points and dissecting them in her own inimitable way.

The conversation is filled with F-bombs as Grant and Steph ponder a cornucopia of topics from fundamentals to ‘flations to the Fed, froth and flawlessness (or lack of it).

Steph busts out some remarkable stats that will have you scratching your head as you watch markets look through the reality and embrace the fantasy that all is well and there’s nothing to worry about.

The housing market comes under the microscope as does the vital importance of the investing public embracing the idea that inflation is ‘transitory’.

There’s something for everyone in this edition of the Super Terrific Happy Hour so dive on in…

This content is only available for active subscribers. Subscribe

Listen Now »

Super Terrific Happy Hour Ep. 11: Switching Horses with Tony Greer

Joining Stephanie and Grant for episode 11 of The Super Terrific Happy Hour is Tony Greer of TG Macro.

Beginning with Tony’s days at the storied commodity trading house, J. Aron, he walks us through his experience of both trading a previous tech bubble (and the questionable decisions it prompted), a resurgent commodity complex (and the regrets it fostered) and the invaluable lessons he learned from both.

From there, Tony walks us through his current thoughts on the red-hot commodities sector, picking what he thinks will be the winners and potential losers if, as many fear, inflation finally returns and gains the upper hand.

This content is only available for active subscribers. Subscribe

Listen Now »

Super Terrific Happy Hour

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 »

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 »

Super Terrific Happy Hour Ep. 19: How Do You Solve A Problem Like Inflation?

In the latest episode of The Super Terrific Happy Hour, Steph and Grant are joined by an all-star panel of guests to discuss the macro environment as it pertains to inflation and how each of them is using their vast experience to position themselves correctly for the way they see the inflationary pulse playing out.

James Davolos of Horizon Kinetics, Adam Rozencwajg of Goehring & Rozencwajg and Dave Iben of Kopernik Global Investors join forces to offer a series of hugely enlightening perspectives about where the world finds itself, how we got here and, importantly, not only where we’re headed, but what to do about it.

Super? Yep. Terrific? Absolutely. Happy? You will be. Come and join us.

Listen Now »

Super Terrific Happy Hour Ep. 17: Crisis? What Crisis?

Stephanie & Grant are back to take a look at the recent turmoil in the US banking sector as we bid farewell to Silicon Valley Bank and Signature Bank while First Republic remains on life support.

What do the decisions taken in late-March by regulators mean for the future of the America’s mid-size banks? Was their response a well-crafted rescue plan or a seat-of-the-pants decision? Have any of last week’s shenanigans altered the probability that the US slips into recession and, if so, what will that mean for bonds, equities and the dollar? What are all these people doing in my bedroom?

Come and join the fun as our intrepid duo try to figure out the answer to at least one of those questions.

Listen Now »

Super Terrific Happy Hour Ep. 16: A Tale Of Two Surveys

Stephanie and Grant return for a long overdue conversation about the increasingly puzzling macro backdrop against which we’re all trying to first safeguard and then invest our increasingly precious capital.

Stephanie highlights the enormous discrepancy between the household employment survey and the Fed’s own payroll numbers and explains why, as others (including the Fed themselves) catch on, this is set to make a material difference to policy options.

Away from that, the two discuss credit markets, gold, the outlook for 2023 and anything else that takes their fancy in another hugely enjoyable discussion.

Listen Now »

Super Terrific Happy Hour Ep. 15: It’s Not A Lie If YOU Believe It

In the latest edition of The Super Terrific Happy Hour, Steph and Grant tackle the recent data as Steph shows the benefits of digging a little deeper than the headline numbers when economic figures are released. From the most recent BLS releases to inflation numbers and the real state of the consumer, Steph puts on a masterclass of analysis that goes far beyond the superficial standard set by most mainstream analysts. What do the recent Walmart, target and Amazon numbers tell us about the state of the economy and what problems are the current PPI and CPI data storing up?

Listen Now »

Super Terrific Happy Hour Ep. 14: John Hathaway

Our guest as the Super Terrific Happy Hour returns from hiatus is a dear friend of us both who is gracing the podcast for a second time – John Hathaway of Sprott Asset Management.

The genesis of John’s latest appearance on the STHH was a recent presentation he gave at the Strong Conference in Colorado in which he laid out the case for gold as we enter 2022 and, potentially, a very different investing landscape to the one to which we’ve become accustomed over the last decade or two.

John offers his thoughts on inflation, what lies in store from the Fed, what that may mean for the gold price and how the mining companies might fare in this brave new world.

*This conversation was recorded immediately before last week’s CPI print

Listen Now »

Super Terrific Happy Hour Ep. 13: Sam Zell

This week, on the Super Terrific Happy Hour, Stephanie & Grant are joined by the legendary Sam Zell, a billionaire investor, entrepreneur and philanthropist whose uncanny knack of knowing not just which businesses to get into, but when to let somebody else take them off his hands (at significantly higher prices) is unmatched.

In this wonderful conversation, Steph and Grant expose the details of Sam’s first ever business venture, the personality traits which give him an edge over his competitors and the methods by which he identifies potential opportunities amidst an onslaught of pitches from people keen to have him be a part of their latest venture.

Frank, humble and insightful, Sam is everything you’d want him to be and so much more…

Listen Now »

Super Terrific Happy Hour Ep. 12: F-Bombs

The Super Terrific Happy Hour returns with Steph Pomboy up a mountain in bear country contemplating all kinds of fascinating data points and dissecting them in her own inimitable way.

The conversation is filled with F-bombs as Grant and Steph ponder a cornucopia of topics from fundamentals to ‘flations to the Fed, froth and flawlessness (or lack of it).

Steph busts out some remarkable stats that will have you scratching your head as you watch markets look through the reality and embrace the fantasy that all is well and there’s nothing to worry about.

The housing market comes under the microscope as does the vital importance of the investing public embracing the idea that inflation is ‘transitory’.

There’s something for everyone in this edition of the Super Terrific Happy Hour so dive on in…

Listen Now »

Super Terrific Happy Hour Ep. 11: Switching Horses with Tony Greer

Joining Stephanie and Grant for episode 11 of The Super Terrific Happy Hour is Tony Greer of TG Macro.

Beginning with Tony’s days at the storied commodity trading house, J. Aron, he walks us through his experience of both trading a previous tech bubble (and the questionable decisions it prompted), a resurgent commodity complex (and the regrets it fostered) and the invaluable lessons he learned from both.

From there, Tony walks us through his current thoughts on the red-hot commodities sector, picking what he thinks will be the winners and potential losers if, as many fear, inflation finally returns and gains the upper hand.

Listen Now »