Friday, September 22, 2017

Who Will Bailout Central Bankers in the Next Crisis?


Jason Burack of Wall St for Main St interviewed returning guest, hedge fund manager and author, Ronald-Peter Stöferle of Incrementum AG.

Ronnie also writes the extensive annual "In Gold We Trust" report which is in it's 9th year and he co-authored the book “Austrian School for Investors – Austrian Investing Between Inflation and Deflation“ which was released in English hardcover, paperback or Kindle in late 2015. 

Ronnie is a follower of the Austrian School of Economics and he now occasionally writes articles for the Mises Institute.

During this 40+ minute interview, Jason asks Ronnie about his book and if learning the Austrian School of Economics has made him a better investor? 

Ronnie talks about the analytical framework learning the Austrian School provides and while Ronnie doesn't think it makes one a better investor it does save one from getting caught up in the herd in a large financial crisis. 

Jason talks about how learning the Austrian School of Economics allowed him to accurately predict a crash in the copper price because of artificial demand from China due to central planning stimulus

Jason also asks Ronnie about the ECB's massive balance sheet expansion and QE, and how central banks have not prevented the next global financial crisis but merely delayed it. 

Jason also asks Ronnie about the difficulty of being a hedge fund manager because of central banks intervening and constantly changing the rules.