Over the next several weeks, I’ll be sharing with you my high level notes from the Mauldin 2016 Strategic Investment Conference (#SIC2016). Think big picture macro-economic trends and ideas on how to capitalize on them. The consistent theme was debt and deflation. There were a number of good investment ideas.
Of particular interest to me were the insights around the challenges facing the Fed and the, alleged, February détente agreement between the Fed, the Bank of Japan, the ECB and China. Recall the stock market sell-offs last August and again this past January. The driver was the surprise Chinese currency devaluation. Jefferies’ David Zervos and my friend Jim Rickards call it the Shanghai Accord. The big four central banks met in Shanghai in February and a currency peace of sorts was struck. The system has stabilized for now. The issues, though, remain.
David Rosenberg, Lacy Hunt and Gary Shilling dominated Wednesday’s sessions and Geopolitical Analyst George Freidman shared his insights. Debt, deflation and deleveraging was the consensus view. They debated possible solutions.
The current opinions and forecasts expressed herein are solely those of Steve Blumenthal and are subject to change. They do not represent the opinions of CMG. CMGs trading strategies are quantitative and may hold a position that at any given time does not reflect Steve’s forecasts. Steve’s opinions and forecasts may not actually come to pass. Information on this site should not be used as a recommendation to buy or sell any investment product or strategy.