Behind the Balance Sheet #8 GREED & Fear - Chris Wood on Energy Stocks, The Fed’s Straightjacket & Long‑Term Equity Outlook
7 snips
Mar 17, 2022 AI Snips
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From Financial Journalist To Global Strategist
- Wood recounts his path from financial journalism at The Economist to equity strategy, crediting travel to New York and Tokyo for career shaping.
- He covered 1987 crash and Japan's bubble bust, which informed his macro perspective.
Fed In A Straightjacket Likely To Use Repression
- The Fed is in a straightjacket because raising rates aggressively would spike government debt servicing costs.
- Wood expects some form of financial repression rather than a sustained large rise in nominal rates.
Prefers Phone Calls Over Zoom For Focused Meetings
- Wood describes disliking Zoom for presentations and preferring phone calls for focused discussion.
- He argues Zoom is distracting when you need concentration and that telephone calls remove tech distractions.