Opportunities In Agricultural Commodities | Teucrium's Sal Gilbertie on Grain Stockpiles, Trade Disruptions To Crops, and Ripple (FIRESIDE CHAT)
Today's episode is brought to you by Teucrium. Learn more at: https://bit.ly/4gfI0fe
Learn more about Teucrium’s Model Commodity Portfolio: https://insights.teucrium.com/commodities1subscribe
Golden Grain Cycle: https://insights.teucrium.com/golden-grain-cycle
This Fireside Chat is a sponsored conversation with the CEO of Teucrium, Sal Gilbertie. Sal’s company offers access to agricultural commodities such as corn ($CORN), soybeans ($SOYB), wheat ($WEAT), sugar, as well as broad commodity indices ($TAGS & $TILL) and 2x levered Ripple ($XXRP).
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46:14
The Financial Sector Prepares for Recession | Marc Rubinstein
Marc Rubinstein, former hedge fund manager and author of Net
Interest joins Monetary Matters to discuss how the financial sector is
preparing itself for the risks of a recession and how they are managing tariff
uncertainty during this earnings season. Rubinstein touches on the different subsectors of the financial sector, like banks, non-banks, asset managers and
payments companies, as well as how financials in different geographies may
benefit from the reshuffling of global trade.
Read Marc’s Net Interest Substack on The Great Payments Processor Reshuffle of 2025: https://www.netinterest.co/p/partner-swap
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1:20:26
Hidden Mortgage Market Shifts Are Creating Opportunities | Matt Jozoff of Trevally Capital
Matt Jozoff, co-CEO, Portfolio Manager, and Head of Macro Research at Trevally Capital joins Other People’s Money, to discuss how trends like the growth in the Ginnie Mae market, low credit borrowers and non-bank originators, and other factors are affecting mortgage prepayments and creating opportunities in the mortgage market for firms like Trevally Capital. He also discusses how Trevally Capital is looking to extract alpha from these opportunities and build a world-class institutional asset manager with the backing of partners like The Raptor Group and Seaport Global Securities.
Learn more about Trevally Capital: https://www.trevallycapital.com/
Follow Max on X: https://x.com/maxwiethe
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Apple Podcast https://bit.ly/4e7QJ1M
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Timestamps
00:00 Intro
01:33 Post-Tariff Fixed Income Market Update
06:49 Recent Mortgage Market Developments
10:45 Ginnie Mae Mortgages
12:04 Not Calling For Another Mortgage Crisis
13:42 Nobody Can Afford Refinancing
17:24 Trump Admin and Fannie & Freddie
21:08 Factors Affecting Mortgage Prepayments
28:27 Day one Institutional Quality
34:53 Prepayments Part II
39:04 Importance of Seed Investors like Raptor & Seaport Global
42:07 Hedge Fund Seed Investing is Venture Capital
43:55 Peers & Competitors in the Mortgage Market
49:36 Physics & Cincinnati Connection
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50:42
Tariffs Aren’t Going Away | PIMCO’s Policy Head Libby Cantrill on Trade and Tax Environment In New U.S. Administration
Libby Cantrill, Managing Director and Head of Public Policy at PIMCO, joins Monetary Matters to explain her outlook on U.S. trade and tax policy. Cantrill argues that while Trump administration has flexibility in tariff negotiations and that the China tariffs are likely headed much lower (a prediction that already looks like it will come true), tariffs are not going away anytime soon and she views the 10% tariffs on the world as a floor, with reciprocal tariffs on top of that floor especially on China being elevated. Cantrill also shares her views on sectoral tariffs, the rumored “Mar-a-Lago Accord” (she doesn’t think it has traction), and tax cuts. Recorded the afternoon of April 22, 2025.
Follow Libby Cantrill on LinkedIn https://www.linkedin.com/in/libby-cantrill-cfa-17162513b/
Most recent piece, “Overall U.S. Tariff Level Still High Despite Exemptions”:
https://www.pimco.com/us/en/insights/overall-us-tariff-level-still-high-despite-exemptions
Cantrill’s profile on PIMCO: https://www.pimco.com/us/en/experts/libby-cantrill
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55:18
Preparing For A Real Credit Cycle | Danny Moses on Tariff Fatigue, Private Credit, Gold, Tarnishing of U.S. Brand, and Why Stocks Still Aren’t Cheap
To view the prospectus for the VanEck Merk Gold ETF (OUNZ), please visit: https://www.vaneck.com/OUNZProspectus
Learn more: https://www.vaneck.com/OUNZJack/overview/
What happens to Private Credit in a slowdown? Are fears of tariffs overblown? Danny Moses of “The Big Short” renown joins Monetary Matters to share his views on these important issues and more. Recorded April 17 2025.
Follow Danny Moses on Twitter https://x.com/dmoses34
Follow Jack Farley on Twitter https://x.com/JackFarley96
Danny Moses’ podcast, On The Tape: https://open.spotify.com/show/1Bawg52xr2HpGeN36npyua
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