October 28, 2024
ET Now
A Twilight World of No recessions and No recoveries
I hope you enjoy this short clip from a much more extensive interview with ET Now, where we discussed numerous issues including central banks, China stimuli, India and questions of investment styles.
October 4, 2024
ReSolve Riffs Investment Podcast
Surviving a World on Fire: Lessons from History and the Future with Viktor Shvets
I have enjoyed my podcast with the excellent team at ReSolve Asset Management. We have discussed my latest book (“The Twilight Before the Storm – From the Fractured 1930s to Today’s Crisis Culture – How to Avoid a World on Fire” https://a.co/d/1MODgJO). In a wide-ranging discussion, we have covered a vast array of topics from why I believe 1930’s is the most appropriate comparison to our era to China and Europe; from the impact of the Fujiwara Effect (merger of highly disruptive Information Age and deep Financialization) to the role of the state, and why governments have emerged as societal guardrails. We have also discussed the importance of demographics, and whether the future will be closer to despotic feudalism or enlightened communism. Finally, we have debated investment options: the disappearance of economic and capital market cycles, and what it means for asset classes and investment strategies.
September 5, 2024
Spreaker – Library of Mistakes
The Twilight Before The Storm (with Viktor Shvets)
I have enjoyed this podcast with my good friend, Russell Napier. We have extensively discussed key issues arising from my recent book: The Twilight Before the Storm – From the Fractured 1930s to Today’s Crisis Culture – How to Avoid a World on Fire. https://a.co/d/1xPyU0S
A wide range of topics: from why the 1930s is the most appropriate comparable period to the importance of the fusion between highly disruptive Information Age and deep Financialization, aggravated by the legacy of neoliberal policies. We have also discussed the likely changes in functioning of labor and capital, and whether a stronger state role will assist in building the bridge to the future while defanging the extremes. Finally, the importance of demographics and the role that younger cohorts will play in the transition from the latest iteration of capitalism to a new and as yet not defined system – Will it be an enlightened version of communism or a modern iteration of despotic feudalism?
We have also touched on many other issues, including investment implications.
Views expressed are solely my own and do not reflect views of my employer.
August 30, 2024
BNN Bloomberg – Morning Markets
Concertation of wealth in the US
Thank you BNN Bloomberg for inviting me to discuss inequality trends in the U.S. We discussed key reasons for widening inequality across generational as well as income and wealth groups. The bottom line: COVID has not altered wealth inequality profile, with top 0.1% of households continuing to pull away from the top 1%, top 10% and bottom 50%. The top 0.1% (or only 130,000 households) now control ~14% of national wealth vs 8% two decades ago and 12% pre-COVID. The share of wealth commanded by the next 0.9%, the top 10% and the middle class of the top 10%-50% have been eroding while the bottom 50% (or ~66m households) own almost nothing.
Over the last three decades, inequalities have been rising everywhere globally (driven by the fusion of technology and financialization) but the trends are particularly pronounced in the U.S., for three reasons: taxation system that prioritizes capital over income, complex and dysfunctional social security, medical and educational systems, as well as a declining social mobility (relative to the past and other developed economies). While U.S. always prioritizes growth as a solution for most problems (explaining the dynamic nature of the U.S. economy), there is ample evidence that deepening and persistent inequalities carry significant social, political and economic risks. As in the 1920s-30s, it is doubtful that growth by itself can fix this problem. As I discussed in my latest book ( “The Twilight Before the Storm” https://a.co/d/22xZAuT), it seems inevitable that the society will demand greater state involvement, effectively recreating state guardrails designed to defang extremes and reduce polarization.
August 29, 2024
MacroVoices Podcast
Viktor Shvets: From Central Banks To Assets Classes To Geopolitics & More
I have enjoyed participating in the podcast with Erik Townsend, during which we discipussed a wide range of topics, including Central Bank policies (and whether the Fed is behind the curve), Yen carry trade and why it did not destabilize markets, global and U.S. growth rates, political polarization and geopolitical pressures (including the Middle East and Russia-Ukraine), commodity space and even valuation of SPX and tech sectors.
August 22, 2024
Intelligent Investor – Talking Finance
Talking Finance: ‘The Twilight Before the Storm’
I enjoyed my discussion with Alan, where we traversed many topics, including key highlights from my new book (“The Twilight Before the Storm”) as well as a range of more contemporary issues, from Yen carry trade and the U.S. elections to monetary policies and demographics.
August 6, 2024
CNBC – Squawk Box Asia
Normal cycles will probably never come back: Macquarie Capital
Thank you CNBC squawk box for inviting me to discuss Yen carry trade and whether investors have just experienced a fundamental shift in liquidity and investment landscape or whether it is nothing more than a stampede and a heart palpitation.
I do not believe there has been a fundamental shift and while stampedes are often irrational and difficult to time, I am comforted by the fact that we do not reside in a world of scarcity. Rather the prevailing environment is one of abundance of almost everything, including capital. It is not just about Yen carry but one of massive global excess capital. This makes CBs job simultaneously easier and more difficul. But, it does cushion real economies and offers ample opportunities for policymakers to defang extremes and lower asset price volatilities through a myriad of communication policies, macro and micro prudential controls as well as programs and instruments designed for specific anomalies. Do we pay a price for such aggressive intrusions? Yes, shallower growth, less efficient capital and greater societal polarization. But, given that financialization is now at least 5x (and potentially up to 10x) GDP, alternatives are far worse. There is no end game.
August 1, 2024
Bloomberg – Odd Lots Podcast
Lots More With Viktor Shvets on the Risk of a Fed Policy Error
I enjoyed my podcast with Joe Wiesenthal and Tracy Alloway. As usual, we have covered a range of topics – from the Fed’s policies to neutral rates, from politics and geopolitics to recessionary signs, and most importantly: Even if the Fed has committed a policy error, does it really matter in a world of abundance rather than scarcity?
July 17, 2024
CNBC – Street Signs Asia
China won’t stimulate the economy in a major way until disruptions are ‘more severe’: Strategist
Thank you to CNBC Street Signs for inviting me to discuss choices facing China and the likely outcome of the 3rd Plenum.
My view is that the objective for China should not be just doing enough to ensure that the mandated target of 5% real growth is satisfied but rather reducing disinflationary pressures by accelerating restructuring of the domestic economy. In words of Paul Krugman (in reference to Japan of 1990’s), China needs to become “credibly irresponsible” by engaging a wide range of policies, especially transfer of local and SOE debt to central government books, elimination of risk in the real estate market, restructuring domestic taxation system, and significantly expanding social and welfare policies. Alas, it is highly unlikely that the 3rd Plenum will go down that path; instead fine tuning existing policies and modest expansion of stimuli will be far more likely. A greater disruption and evidence of a deeper imbedding of disinflation and excess capacity are the prerequisites for a more meaningful policy pivot. The only good news is that tactically investor expectations are already incredibly low.
Outside of the attached clip and in a broader discussion, we have also addressed likely differences between US approach to China under Biden vs Trump (the answer not much) as well as the global interest rates outlook.
June 13, 2024
CNBC – Street Signs Asia
Economic and capital market cycles are ‘dead,’ avoid purely cyclical investments: Strategist
Thank you to CNBC Steet Signs for inviting me to discuss what is arguably the single most important issue facing investors – why are markets ignoring risk?
May 10, 2024
Bloomberg – Odd Lots Podcast
Viktor Shvets the Fed’s Self-Created Bind
I enjoyed my recent podcast with Joe Weisenthal and Tracy Alloway. We have discussed a range of issues from negative implications of the Fed’s data dependency and dots to whether the Fed is committing a policy error, and if it does, whether it matters. We have discussed how our world of excess capital differs from the conventional theory of constrained or scarce capital, issues of inflation and neutral rates and reasons for desynchronized global monetary policies. Finally, we have touched upon global geopolitical issues, and specifically the role of China as a global disinflationary force and probabilities of an economic pivot. The podcast ended by drawing a parallel between Columbia protests of 1968 and today, and what generational replacement theory says about the likely economic and social policies that younger generations will promote.
April 19, 2024
CNBC – Street Signs Asia
Higher oil prices from escalating Israel-Iran tensions will make the Fed more dovish: Strategist
Thank you to CNBC for inviting me to discuss the latest geopolitical developments, including conflict in the Middle East. Although Israeli response was calibrated, one cannot rule out further escalation. The only question is whether it will rise to a level of a more regionalized and/or globalized Hot War or whether it remains confined to a more limited disruption of the Cold War. The answer will dermine most macro economic and investment variables, including inflation, policy rates and risk premia. I remain convinced that while Peace Dividend era has ended a decade ago, and therefore conflicts are inevitable, they are far more likely to resemble 1950’s-60s Cold War rather than a “world on fire” of the Great or Second World Wars or even a Korean War. This implies manageable disruptions, limited inflationary outcomes and contained risk premia. As I discuss in this clip, even if dislocations were to be more pronounced, today’s policy makers have become incredible adapt in directly managing both economic and capital market cycles. Hence, unless there is a truly dramatic change, risk is everywhere (ie, Russia-Ukraine, Middle East, commercial real estate, high yield, basis or parity trade, private capital etc) and nowhere at the same time.
March 20, 2024
ausbiz – the wealth(y) effect
Where to invest in a brave new world?
Thank you Danielle and ausbiz for inviting me to discuss what I consider to be the most important issues facing investors – questions of growth vs inflation, central bank policies, and most critically whether neutral and policy rates are likely to be permanently higher. I maintain a twilight Goldilocks outlook, and this podcast discusses what I mean by that phrase and its investment implications.
March 18, 2024
CNBC – Closing Bell: Overtime
More upside opportunity for the S&P 500 between now and year end: Evans May Wealth’s Brooke May
It was a pleasure to join CNBC to discuss Goldilocks US equities, Federal Reserve policies and news from NVIDIA.
March 12, 2024
CNBC – Street Signs Asia
It’s still too early for AI-related productivity gains to save the U.S. from secular stagnation
Thank you to CNBC for inviting me to discuss the question of productivity and whether AI is likely to reverse three decades long period of a generally weak productivity and neutral rates. Three key conclusions. First, it takes time for societies and economies to adjust to the new technological backdrop. In the meantime, productivity tends to stagnate. Second, one needs to consider the impact on labor markets and aggregate demand, and how our policies would need to change. Third, as a general-purpose technology, AI is permeating everything (from white collar to robotics, automation and biotech), implying a potentially longer, deeper and more disruptive adjustment. In the meantime, government deficits must continue to rise, and economies will remain in need of regular stimuli.
February 1, 2024
CNBC – Street Signs Asia
The ‘investment clock is broken’, look at these two markets to generate returns in 2024
Thank you to CNBC for inviting me to discuss a range of issues. However, arguably, the most interesting topic was whether conventional investment clock is irretrievably broken and therefore will continue to send misleading signals, at best. My view is an emphatic Yes. Neither conventional business nor capital market cycles exist any longer (indeed, both have been atrophying for at least a decade). As a result, neutral rates and risk premia are not just more volatile than they used to be but are no longer as closely linked to conventional investment analysis. What are the best ways to navigate these uncertainties and how should one select investment styles (cyclicals, value or growth), markets or asset classes?
November 14, 2023
CNBC – Street Signs Asia
China is investible, but in a very different form than it used to be: Macquarie Capital
Thank you to CNBC for inviting me to discuss changes in global environment following recent visit to Beijing by the Australian Prime Minister, Xi’s visit to the US and the forthcoming meeting with President Biden.
We have touched on a range of topics. However, the key is whether thawing of international tensions represents a funadamentsl re-orientation of China’s geopolitical and societal objectives, or are these simply attempts to establish long overdue lines of communication between the two superpowers? After all, even though the Soviet Union and the US never found common ground, this did not preclude cooperation on a number of topics while communication lines were kept functioning even in the darkest of days. Are investors seeing early stages of a transition from potentially highly disruptive escalations to a mere Cold War? As China stabilizes its economy and geopolitical and regulatory tensions ease somewhat, are China’s equities likely to rerate, and if this happens, would it last longer than 24 hours or a few weeks?
August 23, 2023
CNBC – Street Signs Asia
China is in a ‘liquidity trap’, but won’t see a Lehman moment there: Strategist
Thank you to CNBC Street Signs for inviting me to discuss the question of China’s stimuli with Teymoor Nabili and Will Koulouris. We have touched upon a range of topics from whether China is in a liquidity trap to the types of policies that I think would be best suited for its current predicament.
February 1, 2023
Bloomberg – Odd Lots Podcast
Viktor Shvets Declares Victory for Team Transitory and the Soft Landing
I enjoyed my recent podcast with Joe Weisenthal and Tracy Alloway. We have discussed a range of topical issues from geopolitics to why I do not agree that deglobalization is likely to be inflationary. However the focus was very much on inflation, recession and policy responses and the reasons why I remain convinced that the ‘Team Transitory’ was right all along, and why I also think that the Fed might have executed a near perfect strategy both going into and ultimately exiting COVID.
January 26, 2023
MacroVoices Podcast
Inflation, Interest Rates, Equity Outlook & more
I have enjoyed participating in this podcast where Erik Townsend and I discussed a huge range of topics – from geopolitics to liquidity, commodities and interest rates to equity markets, and perhaps more importantly, the Big picture of the world, and how it is likely to evolve in years to come.
March 26, 2022
Bloomberg – Odd Lots Podcast
Viktor Shvets on a Pending Deflationary Bust
It was my pleasure to be interviewed by Tracy Alloway and Joe Wiesenthal on Bloomberg Odd Lots.
The conversation covered a huge array of topics, from geopolitics, Russia and China-US relations to central bank policies and reasons for current inflationary spike to the role of financial assets in driving real economic outcomes.
February 15, 2022
RealVision Podcast
How the End of the Asset Bubble Era Will Lead to a New State Capitalism
I have enjoyed my latest podcast with Alfonso Peccatiello, in my view, one of the best global macro strategists. It was a wide ranging discussion but if I were to pick-up one two highlights, it would be the highly constrained nature of our current monetary and fiscal choices.
January 21, 2022
MacroVoices Podcast
Inflation is still a pendulum but will eventually yield to disinflation
I have enjoyed my latest podcast with Eric Townsend of MacroVoices. We addressed the topic at the heart of today’s global investment strategies: are we witnessing a transitory inflationary spike or is it a fundamental regime change?
July 16, 2021
Market Narratives Podcast
The great rupture, the essence of money and the future of humanity | Viktor Shvets
Last week I have recorded a podcast with Alex Proimos of Market Narratives and Investment Magazine. The focus was on my recent book (‘The Great Rupture – Three Empires, Four Turning Points and the Future of Humanity – Do we need to be free?’) and implications for variety of key issues from technological innovation and financialization to the role of money, and whether we need corporates at all. We have also discussed state of labour markets and whether public sector financing is stretched and what will happen to the bond and capital markets. These are long duration topics that have relevance for today’s fund managers as they navigate the twilight zone between liberal capitalism of yesterday (including conventional investment strategies dependent on private sector primacy and relatively free market signals) and a far more communitarian and statist future that is rapidly coming into view.
July 8, 2021
MacroVoices Podcast
I have tremendously enjoyed my podcast with Eric Townsend of MacroVoices. It was a wide ranging discussion but the primary focus was on the question of inflation-disinflation pendulum and reasons why I believe disinflation would ultimately prove to be the stronger force with price of everything eventually gravitating to zero. We have also debated the role and functioning of private sectors and why public sectors will become the arbiter of the strength of swings of the pendulum and whether capital markets would be ultimately nationalized. My conclusion was that a return to the 1970s is not on the cards but the next decade or two will be different to the preceding two decades.
May 10, 2021
Bloomberg’s Odd Lots Podcast
February 26, 2021
Portico Advisors Interview
February 2, 2021
Bloomberg Daybreak Middle East Interview
January 11, 2021
Bloomberg Interview
China Will Never Do What the West Asks: Viktor Shvets (Radio)
Viktor Shvets, Managing Director and Head of Asian Strategy at Macquarie Capital, discusses the latest on the markets with Juliette Saly and Doug Krizner on Bloomberg Daybreak Asia. (Source: Bloomberg.)
January 1, 2021
BBC Marketplace Interview
December 24, 2020
CNBC Interview
Some areas in China might ‘gradually become less investible,’ says Macquarie
Viktor Shvets of Macquarie Capital says a question remains over investors’ willingness and ability to purchase Chinese financial assets going forward amid political, social and ESG (environmental, social and governance) pressures. (Source: CNBC.)
December 22, 2020
CNBC Interview
There is room for cryptocurrencies going forward: Macquarie Capital
Viktor Shvets of Macquarie Capital says a question remains over investors’ willingness and ability to purchase Chinese financial assets going forward amid political, social and ESG (environmental, social and governance) pressures. (Source: CNBC.)
November 22, 2020
CNBC Interview
The whole world is an asset bubble today, says strategist
Viktor Shvets from Macquarie Capital notes that almost all assets are expensive on a historical basis, but says he’s not worried about the bubbles bursting. (Source: CNBC.)
November 10, 2020
Pi Capital Dial In Interview
Do we need to be free to be innovative, prosperous or even happy? Viktor’s book learns from the past and projects into the future and the lessons of the last five centuries were unequivocal – without freedom, there could be no prosperity or happiness. However, does it still hold true in the Information Age? Humanity is at a major turning point, and how we respond to the merger of technology and financialization will decide our future. As we hurtle towards that uncertain future, will it be capitalism or communism, feudalism or despotism? For the first time in at least five centuries, we have an opportunity and tools to build a different society and economy. Will we embrace the challenge? (Source: Pi Capital.)
October 23, 2020
Life on Planet Earth Podcast
New Communist Manifesto!? Viktor Shvets Says Repaying Globe’s Huge Debt is Crazy!…
What will happen if we try to converge money supply and nominal GDP?
Since the 1980’s, money supply in the US grew 2x-3x faster than nominal GDP. Similarly, if we place US household wealth and nominal GDP at 100 in 1980, by 2Q20, household wealth stood at 1,300 but GDP lagged at merely 700. What is the difference between the two numbers? My answer is financialization and inequalities. These were decades of slowing productivity, and the societal demand for perpetual growth (irrespective of consequences) could only be satisfied by bringing future consumption to the present and anchoring it through levitating asset prices.
How will it end? Are we prepared to say goodbye to our pensions or exuberant house prices? My answer – the only socially and politically palatable solution is an ever more powerful state that will aim to reduce tensions. In the podcast with John Aidan Byrne, an Irish American commentator, I debate these issues, including what will happen if we fail in our responses to the merger of Information Age and Financialization.
October 14, 2020
CNBC Interview
China is the only emerging market that investors want to buy: Macquarie
Unlike China, the other emerging markets lack a clear growth path forward and lack sufficient attractive areas for investment, says Viktor Shvets of Macquarie, calling them “just mediocre.”
October 6, 2020
Hamilton Wealth Management Webinar
Viktor Shvets, October 2020, Webinar – Thought Leader Series
It was my great pleasure to present my recent book – ‘The Great Rupture’ – at the webinar sponsored by Hamilton Wealth Partners. I have known Will for more than three decades and we were colleagues at two investment banks in Australia, UK and Hong Kong.
While it was a wide ranging discussion, the focus was very much on how radically different Information Age is likely to be when compared to more conventional industrial societies and economies. We have also discussed investment implications, including the likely persistence of growth and thematic strategies, inability to resurrect any form of mean reversion as well as shorter term issues of inflation and how today’s expansion of monetary and fiscal policies might impact investment strategies. It was a far deeper discussion than the conventional disinflation to inflation debate. Finally, we have touched on China, and discussed whether it is indicative of our common global future.
I hope you enjoy the webinar.
October 4, 2020
Bloomberg Daybreak Asia Podcast
Stimulus Is All That Matters in a Dysfunctional World
Viktor Shvets, Head of Asian Strategy at Macquarie Capital, discusses the latest on the markets with Juliette Saly on Bloomberg Daybreak Asia. Shvets says his advice to other investors is to “largely ignore” the uncertainties that are out of control because “you can not quantify something you don’t know.”
He also says that fiscal stimulus and monetary support is all that matters in a world that’s not functioning. (Source: Bloomberg.)
September 24, 2020
Equity Mates Investing Podcast
Expert Investor: Viktor Shvets – Future of humanity and impact on investing
It was my pleasure to be interviewed by Alec and Bryce from Equity Mates Investing. In a wide ranging discussion we have touched on many issues from my own best and worst stock calls and the lessons that one can learn from them to how current investment climate is changing and whether conventional compounding still works. We have also discussed the inevitability of MMT and even whether one should still consider embarking on an analytical career. While most conclusions were simply natural extensions of arguments contained in my recent book – ‘The Great Rupture’, the most important question for most people is one of timing, strength and durability of likely changes. As Vladimir Ilyich Lenin, the founder of the Soviet Union, once said: ‘There are decades when nothing happens and there are weeks when decades happen’. He was expressing his frustration with the slow pace of disintegration of the Russian Empire. In retrospect, he did not have to wait for long. Neither do we, with the pace of change accelerating almost on a daily basis.
I hope you enjoy the podcast.
September 14, 2020
CNBC International Interview
September 9, 2020
Bloomberg Daybreak Podcast
September 3, 2020
Double Shot Podcast Interview with Gareth Vaughan
Policy alternatives for a disrupted world
In this podcast with Gareth Vaughan, the editor of interest.co.nz, we have focused on policies that might help us dock at Thomas More’s Utopia island rather than Dystopia and get us away from Mad Max and far closer to Star Trek.
We discussed: virtues and vices of central planning vs free markets, the role of technology in allocation of capital and as a facilitator of inventiveness, pros and cons of basic income guarantees, role of data regulations and the likely changes in educational systems and finally the need for a new Marshall plan for the least developed economies. We have also discussed what will happen if natural human inertia and resistance to change triumphs and a more dystopian and Orwellian world becomes a reality – War is Peace; Freedom is Slavery; Ignorance is Strength. The key warning from my book (‘The Great Rupture’) – technology and financialization might be able to create illiberal and brutal societies that no longer suffer from lack of ideas, inventiveness or prosperity.
I hope you enjoy the podcast.
August 24, 2020
Bloomberg Interview
August 13, 2020
EDUK8 Podcast with Brandon Na
Head of Global Strategy for Macquarie Group & Author Viktor Shvets poses “The Great Rupture”
It was my pleasure to be interviewed by my friend, Brandon Na, who is a successful West Coast entrepreneur and an educational consultant. Unlike my previous podcasts that focused on the economic and market implications arising from my recent book (‘The Great Rupture’), this interview dwells on an equally important issue: likely changes to our educational systems, diminishing importance of narrow skills, and the need to reassess what is meant by human capital.
I argue that education is one of four key policies that will likely reshape the Information Age, with others being: (a) need for basic income guarantee, (b) changes in the regulatory, taxation and competitive environment, and (c) Marshall Plan for the least developed parts of the world. Ultimately, policy makers and societies will have no choice but to recognize that our growing irrelevancy and declining marginal contribution of labor and capital make these policies obligatory. The only question is whether this happens before or after much greater dislocation?
The podcast also discusses many other topics, such as: why has economics evolved into a mathematical science; the critical importance of studying history, and what motivated me to write a book? I hope you enjoy this rather long podcast.
August 6, 2020
Eureka Report Podcast with Alan Kohler
How To Approach Investing In The Current Environment
In the follow-up podcast with Alan Kohler, editor of Eureka Report and the Editor in Chief of InvestSmart, we focused on specific investment implications arising from my recently released book – ‘The Great Rupture’. The first podcast discussed the main thrust of the book and it was posted in early July.
In today’s interview, a wide range of topics included growth vs value investment styles, changing role of labor and capital, differences between tangible and intangible capital, importance of state and MMT style policies, likely inflationary outcomes as well as my thoughts on gold, technology and crypto currencies. The world is changing and so must investment styles.
August 5, 2020
Bloomberg’s Odd Lot’s Podcast
There’s No Going Back To Pre-COVID Capitalism
It was my pleasure and privilege to be interviewed by Bloomberg (Odd Lots podcast) with Tracy Alloway and Joe Wiesenthal as the hosts.
The topic was my recently released book – ‘The Great Rupture’. In an extensive interview, we have discussed many issues, but the most important conclusion was that although COVID-19 by itself is not the prime mover, it has accelerated the decades’ old pre-existing trends, making it impossible to return to the conventional liberal Industrial Age economic and investment models. We have discussed the role of technology and financialization, and how these are reshaping our societies, and also debated the role that natural human resistance to change played in the evolution in the past centuries and in our current responses to dislocations, from the Black Monday in 1987 and GFC to the pandemic. Finally, we have discussed how demographic changes are likely to strengthen the role of the state in political, economic and investment life, further reinforcing the disruptive impact of technological revolution and financialization.
I hope you enjoy listening to this podcast.
July 29, 2020
Good Future Podcast with John Treadgold
Viktor Shvets: As debt and the information-age collide, what will the new-economy look like?
I really enjoyed doing this podcast with John. We have discussed a huge range of topics from economics, politics and finance to generational change and its impact on public and private sector policies; environmental issues and last but least, lessons from history. I hope you enjoy listening to our discussion.
July 9, 2020
Bloomberg Daybreak Asia Radio Podcast
Viktor Shvets, Head of Asian Strategy at Macquarie Capital, discusses the latest markets news with Doug Krizner and Paul Allen on Bloomberg Daybreak Asia (Source: Bloomberg).
June 29, 2020
Eureka Report Podcast with Alan Kohler
It was my privilege to be interviewed by Alan Kohler, editor of Eureka Report and the Editor in Chief of InvestSmart, and my very good friend for many years. The subject matter was my recently released book, ‘The Great Rupture – Do we need to be Free – Three Empires, Four Turning Points and the Future of Humanity’.
Over fifty minutes, we have discussed and debated most of the key conclusions from the book, from liberal capitalism and communism to monetary, fiscal and MMT policy tools, role of intangibles as opposed to conventional capital to geopolitical upheavals, China – US rivalry and the future of humanity – are we on a threshold of a new Renaissance? It was a great discussion and I hope you will enjoy listening to it, despite its length, and in the near future, I also hope to be able to share the second part of our discussion.
Here is the link and I am grateful to Alan for allowing me to share it with you.
April 28, 2020
Bloomberg Daybreak Asia Podcast
Viktor Shvets, Global Markets Head of Asian Strategy at Macquarie Commodities, discusses the latest on central bank policy and the markets with Doug Krizner and Juliette Saly on Bloomberg Daybreak Asia (Source: Bloomberg)
December 2019
BNN Bloomberg Interview
Fed Always Goes Too Far, Macquarie’s Shvets Says
Viktor Shvets, head of Asian strategy at Macquarie Commodities & Global Markets, talks about Federal Reserve policy and the implications for financial markets. He speaks with Yvonne Man and Rishaad Salamat on “Bloomberg Markets: China Open” (Source: Bloomberg).
October 3, 2019
ABC News Interview
Extended Interview with Viktor Shvets
Dumping stocks and piling into gold happens every time there is a new shock data print or a provocative tweet from the US President. Viktor Shvets is a managing director at Macquarie. He’s head of Asian strategy, and he’s global strategy co-ordinator (Source: ABC News).
September 16, 2019
CNBC Interview
China not using the tools that can accelerate its economy: Expert
The slowdown has very little to do with trade, says Viktor Shvets, head of Asian strategy at Macquarie, Commodities and Global Markets (Source: CNBC News).
August 15, 2019
Bloomberg Odd Lots Podcast
What Negative Interest Rates Mean for the World
A very engaging discussion about the ramifications of persistently low and negative interest rates. Goes into Modern Monetary Theory (MMT) and neo-Keynesian aspects and argues why current approach Fed has been taking, mainly that lowering rates will increase economic activity and growth, will have to evolved over the coming few years if we are to get rates back up to a respectable level, and increase growth. (Source: Bloomberg Odd Lots.)
August 15, 2019
CNBC Interview
Strategist: Yield curves predict ‘absolutely nothing,’ and central banks ‘never run out of bullets’
- “My view has always been that yield curve predicts absolutely nothing,” says Viktor Shvets, head of Asian strategy at Macquarie Commodities and Global Markets.
- “It has to be made clear: Central banks never run out of bullets, ever,” he says.
- While fiscal responsibility and structural reforms are good ideas in theory, they almost never work in practice, the strategist adds.
(Source: CNBC News)
August 15, 2019
CNBC Interview
The yield curve tells you ‘very little,’ says Macquarie
Viktor Shvets of Macquarie says the yield curve predicts “absolutely nothing” and only tells the market that there will be a recession “if you don’t do something about it” (Source: CNBC News).
August 8, 2019
Bloomberg Daybreak Asia Interview
Viktor Shvets, head of Asian strategy at Macquarie Commodities and Global Market, talks about monetary and fiscal policies and the implications for financial markets. He speaks with Shery Ahn and Paul Allen on “Bloomberg Daybreak: Asia.” (Source: Bloomberg)
July 17, 2018
Bloomberg Interview
April 14, 2019
Bloomberg Interview
Viktor Shvets, head of Asian strategy at Macquarie Commodities and Global Markets, discusses China’s credit market and his outlook for the economy. He speaks on “Bloomberg Markets: China Open.” (Source: Bloomberg)
March 4, 2019
CNBC Interview
Viktor Shvets of Macquarie Commodities and Global Markets discusses the changes happening in labor markets. He also says inflation “will never come through,” and the Federal Reserve stopping at neutral may not be enough to reverse disinflation in the global economy (Source: CNBC News).