The Next Phase of Inflation | Bob Elliott and Darius Dale | PNL for a Purpose

On April 30th, 2024, SpotGamma and Excess Returns brought together 24 of the smartest minds in the investing world for an all day interview event to raise money for Susan G. Komen. To offer the guests insights in a more digestible format and to continue to raise money for a great cause, we are releasing the interviews in hour long segments in the week following the event. In this episode, Jack Forehand, Justin Carbonneau and SpotGamma's Brent Kochuba interview Bob Elliott and Darius Dale. If you are able to, please donate via the link provided alongside the video.
#inflation #macro
Full PNL For a Purpose Video With All 24 Interviews
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00:00 - Intro
00:34 - Bob Elliott
29:51 - Darius Dale

[@EricMaurer33]

Funny, honest, and reasonable, Elliot is the best commentator I have found.

[@blottolotto7648]

Thanks! @BobEUnlimited is one of the few people who has a great handle on what's actually going on w macro & markets

[@emmanuelananda6551]

Wonderful interviews

[@gerdamft9099]

"Felonious" or "Nefarious" Dale?

[@MichaeldeSousaCruz]

28:49 capital flight?? Huh?? What a nonsense concept

[@MichaeldeSousaCruz]

26:50 there’s no debt crisis Jack and Bob. The debt is our financial wealth. It’s obvious to see. I look at those pretty dollar bills that I’ve got and I can see that the government debt (cash, reserves & securities) are my financial wealth… and then add to that all those real goodies I get to buy with all those pretty dollars… you know this

[@MichaeldeSousaCruz]

19:03 what are these “random academic theories” you speak of? Name names

[@BobEUnlimited]

Wallers "real rate" thesis last year is a perfect example. Or that slowing QT has no easing impact. So many to name that have proven wrong over time.

[@MichaeldeSousaCruz]

@@BobEUnlimited thank you, Bob. I’ll look into these! I appreciate it

[@MichaeldeSousaCruz]

3:00 Hey Bob, the inflation rate is above the Fed’s target of 2% because the Fed has set its Fed Funds Rate above 2%, to 5.25%-5.5%! The Fed Funds rate is the rate of inflation, a continuous increase in the price level… that’s what the Fed Funds rate does, continuously increase the price level… cmon now, you know that, right?