Cullen Roche: The Investor Podcast – Macro Thoughts by Pragmatic Capitalism

I was on The Investor Podcast this past weekend with the very awesome Stig Brodersen and Preston Psyh. We covered a lot of ground in this one including:

  • The implication of negative interest rates for banks and bank customers
  • Why quantitative easing doesn’t work in the current environment
  • Why focus should be fiscal policy rather than monetary policy
  • Why central banks works as a clearing house with the intention to avoid bank runs
  • How a currency becomes worthy of reserve currency status
  • If the low interest rates implies a new normal for expected stock market returns

Cullen Roche: Billionaire Moves In The Market & Negative Interest Rates by The Investors Podcast

In this episode Preston and Stig interview Orcam Financial Group’s founder Cullen Roche. Cullen’s portfolio averaged 17% annualized return and not a single year of negative return from 2005-2012. In this interview, you will quickly learn that the significant stock market out-performance is not due to luck, but due to Cullen Roche’s unique understanding of the monetary and financial system.  The Investor’s ask Cullen about some of the moves that different billionaires like Jamie Dimon and Ray Dalio are currently making at the start of 2016.  Additionally, Cullen talks about negative interest rates and what impact that might have in the coming year.

In this episode, you’ll learn: The implications of negative interest rates for banks and their customers.  Additionally, you’ll learn about the items listed below.

  • The implication of negative interest rates for banks and bank customers
  • Why quantitative easing doesn’t work in the current environment
  • Why focus should be fiscal policy rather than monetary policy
  • Why central banks works as a clearing house with the intention to avoid bank runs
  • How a currency becomes worthy of reserve currency status
  • If the low interest rates implies a new normal for expected stock market returns

Tweet your comments about this episode directly to Preston, Stig, and the rest of The Investor’s Podcast Community using #TIP78.

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Books And Resources Mentioned In This Podcast

Cullen Roche’s Book: Pragmatic CapitalismRead reviews of this book
Cullen Roche’s Blog: Pragcap.com
Cullen Roche’s: Top Resource Page
Cullen Roche’s white paper: Understanding Modern Portfolio Construction
Ray Dalio’s White Paper: What Monetary Policy 3 (MP3) Will Look Like


Videos That Support This Podcast

Cullen’s Interview on Real Vision

Cullen Roche