Kopi Time E14: Dr. Sri-Kumar on likely stagflation, long gold, short USD and selectively positiv

“You can always pull the Fed's chain" In this podcast, long-time buyside strategist Dr. Komal Sri-Kumar (ex-The TCW Group and Drexel Burnham Lambert) joins us from Santa Monica, California to explain why he foresaw a US recession last January. He also underscores his beliefs that (i) the Federal Reserve has become hostage to the equity markets, (ii) the fixed income market is the best leading gauge of economic growth, (iii) endless QE will create zombie companies and drive down return on capital, (iv) the US dollar may have peaked, (v) oil prices may have some short-term upside, (vi) long gold makes sense, and (vii) some emerging markets provide attractive investment opportunities. Sri goes far beyond just asserting his views; he walks us through his arguments lucidly and comprehensively. There is a reason Bloomberg and CNBC can’t get enough of him.