Jeff Park is a veteran macro investor and CIO at ProCap Financial. He joins Phil Rosen on Full Signal to walk through three forces reshaping asset markets: accelerating demographic decline, widening wealth inequality, and AI's labor-destructive impact on the economy.
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Timestamps:
0:00 - Intro
0:25 - Jeff's viral essay
1:55 - 3 macro certainties
2:50 - Demographic headwinds
5:55 - Coming liquidity event
7:40 - Wealth vs. income inequality
13:45 - Generational wealth transfer
16:10- AI is labor destructive
18:45 - Mispriced education trap
20:25 - What makes Jeff optimistic
21:00 - US demographics edge
24:30 - Universal basic income
25:45 - Trump Accounts as soft UBI
26:50 - Reimagining private-public partnerships
28:40 - How to play the 3 mega trends
30:25 - Radical portfolio theory
32:15 - How to invest for the future
34:25 - Follow Jeff's work
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