The Money MBA Podcast welcomes Otavio “Tavi” Costa of Crescat Capital to the show.
This is Part 1, of a 2 part interview.
Visit http://www.MoneyMBA.com for access to a video recording of the interview and detailed show notes
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Originally recorded Aug 24, 2019
Otavio “Tavi” Costa
Best Mortgage Rate .com
- 2:31 – Introduction to Tavi
3:22 – Current investment themes
4:40 – Tavi’s journey with Crescat Capital
7:28 – Global Macro vs. Bottom-Up
10:26 – Being Contrarian
13:21 – Diving deeper into the Crescat investment themes
16:53 – The Fed and the Yield Curve
19:58 – China is backed into a corner
29:36 – Banking and Currency Crises: How Common Are Twins?
Twin Crises, a working paper from the Federal Reserve Bank of San Francisco, by Reuven Glick and Michael Hutchison.
33:56 – Foreign Reserves used to defend a currency
40:10 – China capital account vulnerability
42:40 – Currency War
45:04 – The inevitability of recession
49:39 – Are corporate buybacks sustainable
56:45 – Identifying the peak of the cycle