In a masterclass of what is 'really' going on in the world (as opposed to what we are told/spoon-fed on a daily basis), Grant Williams (of Things That Make You Go Hhhmm infamy) provides a must-watch presentation. Starting from the premise (unusual in this day and age) that the laws of mathematics are inviolable ("if it makes no sense, it is nonsense"), the Aussie investment manager sets out his own set of philosophical 'problems' that the world of 'markets' seems incapable of grasping. In a chart-filled extravaganza, Williams ranges from "Problem 1: If the global economy is stalling, Europe is in recession, China is slowing and growth is seemingly impossible to generate, what are equity markets doing at all-time highs?" to "Problem 7: The Gold Price and The Price of Gold are mutually exclusive" leaving the participant questioning everything Bob Pisani would have us believe warning in conclusion that gold is critical and "beware suppressed volatility."
07:26 Williams' Problem 1: If the global economy is stalling, Europe is in recession, China is slowing and growth is seemingly impossible to generate, what are equity markets doing at all-time highs?
16:24 Williams' Problem 2: If Chinese manufacturing has stalled, demand for raw materials is slumping, imports and exports are declining, and Chinese power consumption is falling, how is China's GDP growing at 7.7%
20:40 Williams Problem 3: France!?
33:21 Williams' Problem 4: If honesty is the best policy, then is dishonest the second best policy?
33:25 Williams' Problem 5: If there were no sponges living in the oceans, would the oceans be deeper?
33:30 Williams' Problem 6: Paul Krugman? Really?
33:35 Williams' Problem 7: The Gold Price and The Price of Gold are mutually exclusive
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36:45 Summary
It's a holiday weekend, grab the iPad (and 2 beers), sit in the lawn-chair and watch/listen - time extremely well spent...