Raoul Pal & Julien Bittel EXPLAIN The Everything Code

The Everything Code is the most important investing framework for our times. This is the ULTIMATE macro masterclass. It will give you everything you need to understand how the economy works, how the markets work, what debasement of currency is, and why liquidity matters. It brings it all home with how to forecast asset prices and why crypto is not only the greatest macro trend of our lifetimes but also the most important investment of all time. Raoul covers everything from the business cycle to Bitcoin, Ethereum, Solana, Alts season, NFTs, cyclical stocks, technology investing, commodities, bonds, emerging markets, oil price, inflation, GDP growth, and much more! Recorded on May 17, 2024. Connect with Julien Bittel: Twitter (X): https://x.com/BittelJulien LinkedIn: https://www.linkedin.com/in/julien-bittel-cfa-57658037/ CHAPTERS (00:00) Introduction and Sponsor Message (01:15) Raoul Pal Introduces the Show (01:47) Raoul's Background and Career Journey (02:47) Origin of Global Macro Investor (04:22) Economic Growth and Debt (06:23) Government Debt and Financial Repression (09:23) Demographics and Economic Trends (12:55) Business Cycle and Liquidity (15:01) The Importance of Liquidity in Asset Prices (18:13) Predicting the ISM Cycle and Asset Prices (22:48) Global Liquidity and Debt Cycles (25:36) Impact of Demographics on Debt and Growth (27:24) Correlation Between Liquidity and Asset Prices (30:31) The Role of Debasement in Asset Prices (33:26) Forecasting Liquidity and Asset Prices (36:06) The Role of Cycles in the Economy (38:13) Correlation of NASDAQ and Liquidity (41:04) Forecasting the Liquidity Cycle (43:25) The Future of Asset Prices (46:23) Summary of the Everything Code (49:57) Business Cycle and Asset Allocation (53:21) Macro Investing Tool and Real Vision Services (56:37) Importance of CEO Confidence and Earnings (01:00:09) Macro Summer and Seasonal Investing (01:03:43) Performance Across Different Macro Seasons (01:06:13) Identifying Macro Trends (01:08:29) Expansion and Recovery Indicators (01:11:14) Real-Time Example of Growth Momentum (01:13:57) Using Lead Indicators for Investment (01:16:22) Commodity Prices and Financial Conditions (01:18:57) Small Caps and Earnings Cycles (01:22:09) Materials, Industrials, and Financials (01:24:45) Banks and Cyclical Performance (01:27:13) Copper vs. Gold Ratio (01:29:47) Altcoins and the Business Cycle (01:32:22) Altcoins Market Cap Breakout (01:34:31) Technical Analysis of Altcoins (01:36:58) NFTs as Trophy Assets (01:39:26) Impact of Liquidity on NFTs (01:41:57) Crypto Adoption and Growth (01:44:32) Super Massive Black Hole in Crypto (01:47:23) Macro and Crypto Convergence (01:50:17) Conclusion and Final Thoughts 🔥 The ENTIRE presentation deck is freely available for everyone on Real Vision. All you have to do is sign up ... it's FREE https://rvtv.io/3MMeRfQ 🔥 Join the Polkadot community here: http://realvision.com/polkadot Polkadot is a leading layer zero blockchain with over 2,000 developers. It is a network protocol that allows arbitrary data — not just tokens — to be transferred across blockchains. The Polkadot 2.0 upgrade will be a massive accelerator for the ecosystem. You can learn more and join the community here: http://realvision.com/polkadot Connect with me: Twitter (X): https://twitter.com/RaoulGMI Instagram: https://www.instagram.com/raoulgmi/ LinkedIn: https://www.linkedin.com/in/raoul-pal-real-vision/ Newsletter: https://raoulpal.substack.com My other work: Real Vision: https://rvtv.io/3LHYIaH Global Macro Investor: https://globalmacroinvestor.com EXPAAM: https://expaam.com Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pdf #raoulpal #crypto #macro #bitcoin #ethereum #sol #businesscycle #investing #investment #trading #tradingstrategy #Theeverythingcode #liquidity