Paul McCulley was the no 2 to Bill Gross at PIMCO the largest fixed income manager around. Since then he has retired twice but gave this interview to WealthTrack.
The way to approach this video is to gain a perspective of how these guys, who manage a huge ton of money, where they need to read the macro situation to a certain degree, explain this current situation.
In it Paul explains the few solutions in a liquidity trap like the USA, what is the short coming of it, what the FED is trying to do, the valuation of the various asset classes (stocks, bonds and cash), the USD and the few ways this can play out.
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Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Fee-only Wealth Advisory firm Providend.
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His investment broker of choice is Interactive Brokers, which allows him to invest in securities from different exchanges all over the world, at very low commission rates, without custodian fees, near spot currency rates.
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