EPISODE · Feb 6, 2022 · 1H 52M
The Next Big Short: The Debt Supercycle | Vincent Daniel, Porter Collins
from Forward Guidance · host Blockworks
Porter Collins and Vincent Daniels were some of the last investors to bet against the Federal Reserve and win. Over 13 years after the events of “The Big Short,” they reflect on the past decade wherein the Federal Reserve tamed asset price volatility by keeping short-term rates very low and steadily expanding their balance sheet via quantitative easing (QE). Learning from this lesson, Daniels and Collins explains how Seawolf Capital largely avoided shorting stocks during 2021 because the Fed had the market’s back. Now that high inflation has forced the Fed’s hand to tighten monetary policy, Daniels and Collins think that 2022 will be an excellent year for short-selling, and that in particular the most vulnerable stocks are unprofitable growth companies that saw enormous price appreciation in 2020 and 2021. The pair explain why they remain bullish on nuclear energy, the cannabis industry, as well as stocks in the shipping and energy sector. Follow Porter Collins @Seawolfcap Follow Vincent Daniels @VD718 Follow Jack Farley @JackFarley96 Follow Blockworks @Blockworks_ -- BCB is Europe’s leading provider of business accounts and trading services for the digital asset economy. With a dedicated focus on institutional payment services, BCB Group provides business banking, cryptocurrency and foreign exchange market liquidity for some of the world’s largest crypto-engaged financial institutions. BCB Business Accounts allow businesses to load fiat currency and cryptocurrencies for payments, operations and trading purposes. BCB’s clients can trade FX and cryptocurrencies quickly and at scale, with market-leading value. BCB’s BLINC network is the European crypto industry’s first instant settlements network and one of the first real-time payment networks of its kind to allow free, real-time transactions across fiat and digital currencies. For more information, please visit bcbgroup.com/jack. -- If you like this episode be sure to subscribe to our newsletter at https://blockworks.co/newsletter
What this episode covers
Porter Collins and Vincent Daniels were some of the last investors to bet against the Federal Reserve and win. Over 13 years after the events of “The Big Short,” they reflect on the past decade wherein the Federal Reserve tamed asset price volatility by keeping short-term rates very low and steadily expanding their balance sheet via quantitative easing (QE). Learning from this lesson, Daniels and Collins explains how Seawolf Capital largely avoided shorting stocks during 2021 because the Fed had the market’s back. Now that high inflation has forced the Fed’s hand to tighten monetary policy, Daniels and Collins think that 2022 will be an excellent year for short-selling, and that in particular the most vulnerable stocks are unprofitable growth companies that saw enormous price appreciation in 2020 and 2021. The pair explain why they remain bullish on nuclear energy, the cannabis industry, as well as stocks in the shipping and energy sector. Follow Porter Collins @Seawolfcap Follow Vincent Daniels @VD718 Follow Jack Farley @JackFarley96 Follow Blockworks @Blockworks_ -- BCB is Europe’s leading provider of business accounts and trading services for the digital asset economy. With a dedicated focus on institutional payment services, BCB Group provides business banking, cryptocurrency and foreign exchange market liquidity for some of the world’s largest crypto-engaged financial institutions. BCB Business Accounts allow businesses to load fiat currency and cryptocurrencies for payments, operations and trading purposes. BCB’s clients can trade FX and cryptocurrencies quickly and at scale, with market-leading value. BCB’s BLINC network is the European crypto industry’s first instant settlements network and one of the first real-time payment networks of its kind to allow free, real-time transactions across fiat and digital currencies. For more information, please visit bcbgroup.com/jack. -- If you like this episode be sure to subscribe to our newsletter at https://blockworks.co/newsletter
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The Next Big Short: The Debt Supercycle | Vincent Daniel, Porter Collins
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