Former top hedge fund manager, 20+ year Wall St veteran and founder of Minyanville http://www.minyanville.com/ Todd Harrison returned for another Wall St for Main St podcast interview.During this 30 minute
interview, Jason asks Todd about the global macroeconomic situation and
what is happening in markets when countries like Japan and China print
even more money than the US does.Todd talks about market
sentiment being very negative even though US stock prices still remain
high and Todd expects a major stock price correction in the near future.Jason and Todd talk about how
markets have tested past new Fed Chairman and if Janet Yellen will be
tested with a potential 1987 or 2007 style crash.Jason then asks Todd about how
in his last interview on a WS4MS podcast in 2012 he predicted a secular
bull market in marijuana and how many marijuana stocks are up over 500%
since then. Todd talks in details about why the bull market is occurring
and the conditions he thinks are necessary for it to continue.Finally, Jason asks Todd about
the inflation vs deflation debate. Todd thinks we have both occurring
simultaneously but thinks the people at the Fed clearly prefer to have
inflation.To wrap up the interview, Todd
says he expects enormous volatility in all markets going forward because
of the amount of global liquidity pumped into markets even though the
Federal Reserve is tapering. He says the “little guy” will need to learn
to hedge, adapt and be nimble or he should avoid investing or trading
markets going forward.
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