@michaelpugh.bsky.social
Co-host: Many Happy Returns (1 million+ listens) • Collab with PensionCraft • Follow for posts on investing and personal finance.
Trump’s return is already reshaping the global order. Asset prices have tumbled, correlations have fractured, and investors are reassessing risk itself. This week we’re joined by @katie0martin.ft.com from the FT to help us make sense of the turmoil
many-happy-returns.captivate.fm/episode/100-...
17.04.2025 11:03 — 👍 0 🔁 0 💬 0 📌 0
15.04.2025 12:06 — 👍 2 🔁 0 💬 0 📌 0
The ARK of the investing universe is long, but it bends towards bullshit.
14.04.2025 15:41 — 👍 3 🔁 0 💬 0 📌 0Positive Larry, negative carry.
11.04.2025 15:37 — 👍 1 🔁 0 💬 0 📌 0Wishful Finking
11.04.2025 15:27 — 👍 5 🔁 0 💬 1 📌 0
lol, lmao even
from Oct 21, 2024
Trump raises China tariff to infinity plus one.
09.04.2025 11:24 — 👍 4 🔁 0 💬 0 📌 0Oligarchs always think they can control autocrats until it’s too late. Same delusion, again and again, the world over.
07.04.2025 08:56 — 👍 969 🔁 206 💬 15 📌 8Good luck with that—especially now that the “boycott American products” bandwagon is rolling full speed around the world.
07.04.2025 09:07 — 👍 7 🔁 0 💬 0 📌 0
The ‘magazine cover indicator’ strikes again.
03.04.2025 14:55 — 👍 1 🔁 0 💬 0 📌 0The Price Is Wrong
02.04.2025 20:45 — 👍 10 🔁 0 💬 0 📌 0What are you doing with them then?
06.02.2025 16:45 — 👍 0 🔁 0 💬 0 📌 0
🎙️Great interview with Simon French on "Soaring Gilt Yields and Strained Public Finances"
Gilt yields are surging, straining government finances and raising fears of tax rises or spending cuts. Why & what can be done about it?
many-happy-returns.captivate.fm/episode/soar...
🎙️It was great to speak to China expert
@george17.bsky.social on the podcast this week. Do sluggish demand, mounting debt, and unfavourable demographics mean that China is uninvestible?
player.captivate.fm/episode/d270...
🎅🎙️ Jingle Bulls, Jingle Bears: Are Investors Overconfident Heading into 2025? many-happy-returns.captivate.fm/episode/jing...
18.12.2024 11:41 — 👍 9 🔁 2 💬 0 📌 0Yep. When listed UK companies pay huge dividends way above the level in other developed markets, I can only assume British firms can find no better use for capital than to hand it back to shareholders.
17.12.2024 14:12 — 👍 0 🔁 0 💬 0 📌 0In 2035: The war on sandwiches has cost billions, destroyed lives, and filled prisons—yet somehow, sandwiches are more available, cheaper, and tastier than ever.
12.12.2024 13:42 — 👍 4 🔁 0 💬 0 📌 0
Compared to developed countries, emerging markets have rarely looked cheaper. With valuations, economic growth, and demographic trends in their favour, is now the time to invest? Or could climate change, protectionism and debt hold them back?
many-happy-returns.captivate.fm/episode/emer...
Shhh, more oats for the rest of us!
05.12.2024 07:04 — 👍 0 🔁 0 💬 0 📌 0
We had a fascinating conversation with Wolfgang Münchau about his book 'Kaput' and the end of the German Miracle. Thoughtful and provocative in all the right ways!
@eurobriefing.bsky.social
many-happy-returns.captivate.fm/episode/kapu...
This is a bit too on the nose: a Dutch tulip farmer is using the heat generated from cryptocurrency mining to heat their greenhouses. [euronews.com]
29.11.2024 15:58 — 👍 255 🔁 70 💬 7 📌 14I guess it's at least slightly encouraging that Trump is positioning tariffs as a bargaining chip to try to force policy change rather than protectionism for protectionism's sake. Maybe?
26.11.2024 10:14 — 👍 2 🔁 0 💬 1 📌 0
Yeah, or go to the other extreme and name your company something that sounds like it’s already drowning in lawsuits.
25.11.2024 19:04 — 👍 15 🔁 3 💬 1 📌 0Blocking your toilet can’t cause a flood because there’s less water in the sink, so there’s no flood.
25.11.2024 16:28 — 👍 2 🔁 0 💬 1 📌 0
🎙️New episode of Many Happy Returns! Join us & Economist Larry Hatheway as we discuss Trump 2.0: Political Risk and Complacent Markets. Are markets vastly underestimating the dangers of a second Trump presidency?
player.captivate.fm/episode/4583...
