The Real Eisman Playbook Jason Trennert on Populism, Policy & a Distorted Market System | The Real Eisman Playbook Ep 44
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Feb 2, 2026 Jason Trennert, founder and CEO of Strategas and seasoned macro strategist, joins to dissect how populism, policy and private capital have warped markets. He breaks down inflationary pressures, crypto skepticism, AI’s productivity shift, housing affordability, private equity risks, and why financials and hard assets may benefit. Short, sharp takes on tariffs, credit controls and market distortions.
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Health Ordeal And Recovery
- Jason Trennert described his 2024 multiple myeloma diagnosis and severe complications that required dialysis and impaired mobility.
- He reports the cancer is now in deep remission and his mobility has improved from a walker to a cane.
Populism Is Reshaping Policy And Markets
- Trennert argues populism reflects widespread frustration with policies that failed regular people's lives despite helping big business.
- He expects populism to drive higher inflation and shift investor preference toward hard and industrial assets.
Hedge Portfolios Against Inflation
- Position for higher inflation by owning industries that benefit from nominal growth like industrials and materials.
- Consider hard assets such as gold and farmland as hedges against currency depreciation.