Transcript
Introduction
Eric
My guest this week is Bob Elliott, the CIO of Unlimited Funds. Before Unlimited, Bob was on the Investment Committee at Bridgewater, and led Ray Dalio's personal research team for a decade. I'm a big fan of Bob's work and his Twitter account. I was excited to talk to him about all things macro.
We start by diving into the current market cycle and the U.S. deficit, inflation and bond yields. Bob then explains the Fed's reaction function and why he believes they are working with the wrong framework. We end by talking about gold, bitcoin, housing, commercial real estate and private equity. Please enjoy this conversation with Bob Elliott.
The Goldilocks Economy
Eric
Bob, I'm really excited to have you here. I'm a big fan. I think everyone is excited to follow you on Twitter and all of your work at Unlimited. I thought a fun place to start would be this most recent quote that, "It's a Goldilocks economy right now, weak enough to disappoint the stock bulls, but strong enough to disappoint the bond bulls."