Ben Hunt of Epsilon Theory on Turning Layups into Losses, UK Pension Problems, Building Community & Much More

My good friend Ben Hunt is here for the fourth time on ‘Panic with Friends’. He’s my go-to macro guy that always helps dissect big issues like inflation, the UK Pension liquidity crisis which he helps with today.  

Ben has been dead on with so many topics, and we’ve got a ton of topics to talk about in this episode. I wanted to talk about the FED, inflation, and what would turn him bullish. I wanted to get some pointers on the global macro and the SPAC market, to include thoughts on the $DWAC SPAC that Trumpf has led from a layup to a disaster. I wanted to talk about Robinhood and Citadel, and I want him to chime in on the Apple monopoly.

I also wanted to get Ben’s thoughts about monetary policy as it relates to the UK pension debacle. I think you’re going to get a lot out of our conversation. Enjoy!

You can listen to the podcast here on Spotify or Apple podcast and now all the episodes are on my YouTube channel as well. You can click subscribe on any of these channels and get the podcast alert each week.

You can also listen right here on the blog:

For more details on today’s conversation read on below…

Guest: Ben Hunt

Profile: Co-Founder and Partner at Second Foundation Partners, Founder/Author: Epsilon Theory

Where to Find Him: LinkedIn, Twitter 

What’s Ben Panicked About? I’m panicked about my conversation with Howard. I never know what he’s going to say.

Related:

Show Notes:

• Introduction (00:40)
• Welcome Ben (06:40)
• The best thing about getting older (10:17)
• Turning a layup into a loss (12:40)
• Lessons from Goodfellas (14:28)
• Who’s in the PIPE? (18:49)
• Finance raccoons (20:11)
• UK pension crisis (22:53)
• Interest rates repriced globally (23:33)
• Pension funds can’t make margin calls (29:59)
• FED creates liquidity crises (31:43)
• Overexposed to 15 years of low rates (34:35)
• What the blockchain brings (35:16)
• Loosening the yoke of Amazon, Apple, Google (35:44)
• Pension fund return projections (36:55)
• Ferocious bull rally? (40:54)
• Will the FED pivot? (43:58)
• Inflation wasn’t transitory (46:11)
• Taking real world risks (50:36)
• Taking on the overlords (57:18)
• Wrapping up (1:02:12)
• Closing thoughts (1:05:58)

© Panic with Friends, 2022. All rights reserved.