State of the Markets

Alexander Ineichen, Swiss-based analyst and author known for work on institutional risk and nowcasting. He discusses energy-driven market regimes, why benchmarking dominates institutions, and his momentum-plus-revisions scoring system. Topics include sector and theme rankings (fossil energy, metals, clean energy), currency and bond score shifts, and how he applies the model to real portfolios.

Attila Rebak, an investment professional of 30+ years and Substack author on Austrian economics and sound money. He discusses Austrian ideas, the business cycle, and why he shifted into gold, silver and miners. He covers timing the bust, holding foreign currency, doubts about crypto, and how investor psychology shapes decisive moves.

Daniel Bird, founder of Thornwood Capital and former global credit lead at Bank of America, explains opportunistic credit and distressed debt. He covers sovereigns to corporates and how to spot restructurings versus terminal failure. Topics include turnaround paths, forensic claims recovery like FTX, real-estate-backed plays, sector risks and how investors construct short-dated, event-driven portfolios.

Dominic Frisby, author and commentator on money and markets, offers bold market predictions and promotes his book The Secret History of Gold. He discusses rapid gold and silver moves, central bank buying and reserve shifts, Bitcoin and commodity opportunities, structural supply issues for silver, and why gold remains a universal store of value. He also shares practical thoughts on crypto payments and currency diversification.

https://realonomics.substack.com/abouthttps://shepheardwalwyn.com/product/realonomics/https://x.com/RealonomicsBookhttps://www.youtube.com/@RealonomicsBookMedia Picks⁠https://shepheardwalwyn.com/product/realonomics/⁠https://bewaterltd.com/p/the-forgotten-manState of the Markets PodcastTim Price (⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Tim's Substack⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://timprice.substack.com)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.pricevaluepartners.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Investing Through the Looking Glass (by Tim Price)⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/4pXa7pw⁠⁠⁠⁠⁠⁠⁠⁠⁠and Paul Rodriguez⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/prodr1guez ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Andrew Craig is a financial educator, author, and investment manager. He founded Plain English Finance in 2011 to improve financial literacy and is the author of How to Own the World. He also manages the VT PEF Global Multi-Asset Fund, applying a long-term, globally diversified investment approach.www.plainenglishfinance.co.uk Media Picks (links may be affiliate links )The Thinking Game Doc:https://amzn.to/3NgAoQTMichael Lewis - Going Infinite:https://amzn.to/49CsokIThe Great British Disconnect:https://amzn.to/451yN7CGreat Art Explained:https://www.youtube.com/@GreatArtExplainedModern Wisdom Podhttps://chriswillx.com/podcast/State of the Markets PodcastTim Price (⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Tim's Substack⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://timprice.substack.com)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.pricevaluepartners.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Investing Through the Looking Glass (by Tim Price)⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/4pXa7pw⁠⁠⁠⁠⁠⁠⁠⁠and Paul Rodriguez⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/prodr1guez ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Recorded 18th November 2025https://www.swiss-franc.comMedia Picks (affiliate links UK)The Swiss Franc : https://amzn.to/4paWPosTo Run the World :https://amzn.to/4pzPtL41929 : https://amzn.to/4p4wdpaState of the Markets PodcastTim Price (⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Tim's Substack⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://timprice.substack.com)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.pricevaluepartners.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Investing Through the Looking Glass (by Tim Price)⁠⁠⁠⁠⁠⁠⁠https://amzn.to/4pXa7pw⁠⁠⁠⁠⁠⁠⁠and Paul Rodriguez⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/prodr1guez ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Akhil Patel, an economic cycle researcher and author of The Secret Wealth Advantage, shares insights on the looming market crash linked to the 18-year boom-bust cycle he discovered after the 2008 crisis. He discusses the government's role in amplifying economic cycles and the diverging paths of markets from the real economy. Akhil highlights risks from high private debt and rising bond yields, while critiquing political inaction on long-term economic stability. He explores the implications of commodity trends, the rise and fall of residential rents during crises, and the speculative nature of cryptocurrency.

Dave Hunter, a seasoned portfolio manager and market strategist, shares his insights on the potential for a market melt-up followed by a significant downturn. He discusses how his contrarian sentiment shapes bullish targets while emphasizing the importance of a multi-faceted approach to analyzing markets. Key topics include the dynamics of precious metals amidst fiat erosion, the bullish outlook for tech stocks, and a looming financial bust. Hunter also highlights the risks of central bank policies and predicts massive future interventions to stabilize markets.

Andrew Pancholi, a cycles researcher and market timer, shares his insights on upcoming socio-economic shifts. He discusses long-term cycles, connecting historical patterns from 1837 to present. Andrew warns of potential internal conflict in the U.S. tied to generational cycles and stresses the risk of a currency crisis next spring. He also weighs in on AI's impact on market patterns and reveals bullish forecasts for commodities like gold and grains. Expect an intriguing blend of history and predictive analysis for savvy investors!