* Interviews & Panels Substack Directory *
2/9/21 - Interview: Real Vision with Tim Pagliara / GSE Prefs.
Interview: Real Vision with Tim Pagliara / GSE Prefs.
Featuring Michael Kao, Tim Pagliara, and Max Wiethe February 09 at 11:00AM • 65 minutes For investors choosing to not participate in certain markets due to perceived bubble risk, deeply distressed assets that have upcoming catalysts and are not tied to broader market risks can offer a trade with an appealing risk/reward on returns. In this interview with …
4/22/21 - Interview: Real Vision Spotlight on Oil.
Interview: Real Vision Spotlight on Oil.
Featuring Michael Kao Apr 21, 2021 • 38 minutes Michael Kao, CEO of Akanthos Capital Management, returns to Real Vision to give his outlook on oil and energy markets. Kao highlights energy's outperformance in inflationary environments, positive roll dynamics making carrying long oil futures more attractive, and the shift in policy for OPEC+. Kao also high…
5/18/21 - Interview: Real Vision with Max Wiethe / Inflation & Feedback Loops.
Interview: Real Vision with Max Wiethe / Inflation & Feedback Loops.
https://www.realvision.com/shows/live/videos/why-u-s-inflation-will-not-be-like-weimar-live-with-michael-kao-8vn3?tab=details Featuring Max Wiethe and Michael Kao May 18 at 11:00AM • 65 minutes Michael Kao, CEO of Akanthos Capital Management, returns to update viewers on his outlook for inflation. In his recent interview on Real Vision (
7/15/21 - Interview: The Derivative with Jeff Malec / Misc. Finance Topics.
7/23/21 - Interview: Real Vision with Warren Pies & Jack Farley / Oil.
Interview: Real Vision with Warren Pies & Jack Farley / Oil.
https://www.realvision.com/why-oil-is-about-to-enter-a-supercycle?utm_source=contributor&utm_medium=referral&utm_campaign=20210804_MKWP_JB_CONT_W1_LINK Warren Pies, founder and strategist of 3Fourteen Research, and Michael Kao, CEO of Akanthos Capital Management, join Real Vision’s Jack Farley to dive into the implications of the oil futures curve and th…
8/16/21 - Interview: Market Champions with Srivatsan Prakash / Origin Story & Misc. Finance Topics.
9/2/21 - Interview: zer0es.tv / Short-Selling.
Interview: zer0es.tv / Short-Selling.
Full Interview: https://www.zer0es.tv/masterclasses/why-short-selling-is-essential-to-corporate-bond-markets/ Interview Snippets:
11/30/21 - Interview: Real Vision with Warren Pies, Redux / Oil & Omicron.
Interview: Real Vision with Warren Pies, Redux / Oil & Omicron.
https://www.realvision.com/shows/the-essential-conversation/videos/oil-hike-and-omicron-fears-are-worrying-investors-vnlE?utm_source=twitter&utm_medium=social&utm_campaign=2021127_INTV_MR_TW_W1_LINK&tab=details Featuring Warren Pies and Michael Kao Dec 06, 2021 • 46 minutes
2/13/22 - Interview: Market Champions with Srivatsan Prakash / Finance Career War Stories.
3/21/22 - Interview: Real Vision & Maggie Lake / USD Wrecking Ball.
Interview: Real Vision & Maggie Lake / USD Wrecking Ball.
https://www.realvision.com/vsyejitwnvfplvix?utm_source=contributor&utm_medium=referral&utm_campaign=20220321_MK_AE_CONT_W1_LINK “Michael Kao is not of the camp that sees the “imminent doom of U.S. dollar hegemony.” He notes that although the de-dollarization narrative is seductive, the U.S. dollar remains the “cleanest dirty shirt” in the global system. …
4/22/22 - Interview: The End Game with Grant Williams & Bill Fleckenstein / USD Wrecking Ball.
Interview: The End Game with Grant Williams & Bill Fleckenstein / USD Wrecking Ball.
https://www.grant-williams.com/podcast/the-end-game-ep-31-michael-kao/
6/2/22 - Interview: Forward Guidance with Jack Farley / The End of the "Liquidity Lottery."
6/23/22 - Interview with Alf / The Case for Bear Steepening.
7/7/22 - Interview: Real Vision with Harry Melandri & Doomberg / Oil & Energy Markets.
Interview: Real Vision with Harry Melandri & Doomberg / Oil & Energy Markets.
Kaoboy Musings is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
8/12/22 - Interview: KEDM Happy Hour with Max Wiethe / Fed Policy, the USD, and Recency Bias.
9/11/22 - Interview: Lead-Lag Live with Michael Gayed / The Sword of Inelasticity.
9/13/22 - Twitter Space: Panel with Rahul / CPI, Energy.
9/19/22 - Twitter Space: Pre-FOMC Panel with Rahul & Debate with Mike Green.
9/20/22 - Interview: TastyTrade Discussion with Victor & Chris / Inelastic Supply Curves.
9/21/22 - Twitter Space: Panel with UnusualWhales / Macro.
9/26/22 - Interview: Lead-Lag Live with Michael Gayed / Tighter For Longer.
9/27/22 - Interview: Real Vision with Michael Nicoletos / USD Wrecking Ball.
Interview: Real Vision with Michael Nicoletos / USD Wrecking Ball.
https://www.realvision.com/shows/make-or-break-geopolitics/videos/when-will-the-dollar-stop-wrecking-stuff-QpZW?source_collection=852d5cce52bd4c829fc3d84de72c55b8&tab=details Featuring Michael Kao and Michael Nicoletos Sep 29, 2022 • 80 minutes During the past week, we’ve seen the Bank of Japan and the Bank of England intervene to prop up their respective …
9/29/22 - Twitter Space: Panel with Demetri Kofinas / FX & Sovereign Debt Endgames.
9/30/22 - Interview: The Week Ahead with Tony Nash & Sam Rines / Inflation & Asian Contagion.
10/3/22 - Interview: Hidden Forces with Demetri Kofinas & Brent Johnson / Dollar Milkshake Wrecking Ball.
Interview: Hidden Forces with Demetri Kofinas & Brent Johnson / Dollar Milkshake Wrecking Ball.
https://hiddenforces.io/podcasts/dollar-milkshake-wrecking-ball-brent-johnson-michael-kao/
10/6/22 - Twitter Space: Panel with DefiYield & Michael Rosmer / Structural Inflation & Atoms vs. Bits.
Twitter Space: Panel with DefiYield & Michael Rosmer / Structural Inflation & Atoms vs. Bits.
https://twitter.com/i/spaces/1MnGnpqdNvExO?s=20 Kaoboy Musings is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
10/12/22 – Live Panel: Simplify Oil Panel with Mike Green & Charles McGarraugh / "Commodities In An Age of Scarcity."
Live Panel: Simplify Oil Panel with Mike Green & Charles McGarraugh / "Commodities In An Age of Scarcity."
This was an in-person panel hosted by Simplify in NYC on 10/12/22. YouTube:
10/27/22 - Interview: Opto Sessions with Haydn Brain / "The USD Wrecking Ball."
Interview: Opto Sessions with Haydn Brain / "The USD Wrecking Ball."
https://www.cmcmarkets.com/en/opto/hedge-fund-manager-michael-kaos-dollar-wrecking-ball-theory Michael Kao is CIO and Portfolio Manager of the Kao Family Office and is well-known for coining ‘the Dollar Wrecking Ball’, a metaphor to describe Dollar hegemony.
11/2/22 - Twitter Space: Pre-FOMC Panel with Unusual Whales / Macro Topics.
11/3/22 - Interview: Market Champions with Srivatsan Prakash / Oil & USD Wrecking Ball.
Interview: Market Champions with Srivatsan Prakash / Oil & USD Wrecking Ball.
Apple Podcast:Kaoboy Musings is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
11/20/22 - Interview: DefiYield with Michael Rosmer / Oil, Inflation, Crypto-nomics, Geopolitics.
12/14/22 - Twitter Space: FOMC Panel with UnusualWhales.
1/12/23 - Interview: On The Margin with Mike Ippolito / USD Wrecking Ball As A Geopolitical Weapon (West Point Preview).
1/30/23 - Twitter Space: Mike Green Interview / USD Wrecking Ball as a Weapon (West Point Preview).
2/22/23 - Interview: Real Vision Daily Briefing with Maggie Lake / USD Wrecking Ball Resurgence.
Interview: Real Vision Daily Briefing with Maggie Lake / USD Wrecking Ball Resurgence.
https://www.realvision.com/shows/daily-briefing/videos/can-anyone-outhawk-the-fed-erJo?tab=details Featuring Michael Kao and Maggie Lake February 22 at 1:00PM • 0 minutes After the worst trading day in 2023, the U.S. stock market is hovering relatively unchanged following the release of this afternoon’s FOMC minutes. The minutes confirmed that most Fed mem…
2/24/23 - Interview: The Week Ahead with Tony Nash, Albert Marko, & Ralph Schoellhammer.
3/3/23 - Interview: AIM with Giorgio Tavazza / West Point Paper on USD Primacy
3/13/23 – Twitter Space: Double-Header on SIVB Fallout & Fed Implications.
3/14/23 – Interview: Forward Guidance with Jack Farley / BTFP does NOT mean BTFD!
Interview: Forward Guidance with Jack Farley / BTFP does NOT mean BTFD!
Always a pleasure to be hosted by Jack Farley:
3/15/23 – Twitter Space: Panel with Unusual Whales / CPI & Banks.
Twitter Space: Panel with Unusual Whales / CPI & Banks.
https://twitter.com/i/spaces/1DXGyvyjdQNJM Kaoboy Musings is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
3/16/23 – Twitter Space: Panel hosted by Mario Nawfal / ECB Hike, Inflation, Macro.
Twitter Space: Panel hosted by Mario Nawfal / ECB Hike, Inflation, Macro.
https://twitter.com/i/spaces/1gqxvyOROepJB Kaoboy Musings is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
3/16/23 – Interview: WTFinance Podcast with Anthony Fatseas / Macro, Shadow Banks, China.
3/17/23 – Twitter Space Interview: Hosted by Grizzle Media / Macro Wrap-Up For The Week.
Twitter Space Interview: Hosted by Grizzle Media / Macro Wrap-Up For The Week.
In this week’s Grizzle podcast we interview veteran hedge fund manager Michael Kao, to discuss his outlook on contagion risks facing the banking industry amid the fallout of SVB, and why he thinks China is a bigger risk to the global financial system than the US. He also discusses macro themes impacting the US dollar and oil. Michael Kao's Substack - Ka…
3/22/23 – Twitter Space: Panel with Unusual Whales / FOMC & Macro.
3/26/23 – Interview: The End Game with Grant Williams & Bill Fleckenstein / Fed's Inflation Fight.
Interview: The End Game with Grant Williams & Bill Fleckenstein / Fed's Inflation Fight.
https://www.grant-williams.com/podcast/the-end-game-ep-42-michael-kao/
3/30/23 – Twitter Space: Panel hosted by MicDropMarkets & Chigirl Tracy/USD & Macro.
4/5/23 – Twitter Space: Panel hosted by The Aquarium/USD vs. BRICS.
Twitter Space: Panel hosted by The Aquarium/USD vs. BRICS.
This was a very interesting Space with a lot of on-the-ground experts chiming in on various geopolitical aspects of why BRICS is highly unlikely to challenge the USD. I will be writing a thread to be released this weekend summarizing my thoughts and learnings.
4/16/23 – Interview: The RO Show Podcast/Macro, Markets, Money & METAL!
5/3/23 – Twitter Space: Pre-FOMC Panel with Unusual Whales / Higher For Longer.
Twitter Space: Pre-FOMC Panel with Unusual Whales / Higher For Longer.
Great speakers as usual. Oh, and the wait music is very soothing as well. https://twitter.com/i/spaces/1vAxRAyzpqYJl?s=20 Spotify:
5/5/23 – Interview: Real Vision with Andreas Steno Larsen / Fed Policy, Inflation, USD, Oil, China.
Interview: Real Vision with Andreas Steno Larsen / Fed Policy, Inflation, USD, Oil, China.
Michael Kao's Deep Global Macro Musings Andreas Steno Larsen welcomes Michael Kao, CEO of Akanthos Capital Management, to unpack his views on the inverted U.S. Treasury yield curve, the dollar, oil markets, U.S. recession risk, and a Chinese economic ticking time bomb.
5/9/23 – Interview: Value After Hours Podcast with Tobias Carlisle and Jake Taylor / Trip Down Memory Lane!
Interview: Value After Hours Podcast with Tobias Carlisle and Jake Taylor / Trip Down Memory Lane!
I didn’t expect to be taken deep-down memory lane on this podcast, but it was fun to retell some stories from my experiences at J. Aron, Harvard Management, Canyon and then starting my own firm Akanthos. We ended by talking about current trends in Oil and Macro generally.
6/7/23 – Interview: Palisades Gold Radio Podcast with Tom Bodrovics / Inflation & Asian Contagion 2.0.
Interview: Palisades Gold Radio Podcast with Tom Bodrovics / Inflation & Asian Contagion 2.0.
https://palisadesradio.ca/michael-kao-inflation-asian-financial-contagion/ YouTube:
6/8/23 -- Interview: TradeGateHub Interview With Dale Pinkert / Oil & USD.
6/14/23 -- Interview: Top Traders Unplugged Podcast with Cem Karsan / Oil & Geopolitics.
Interview: Top Traders Unplugged Podcast with Cem Karsan / Oil & Geopolitics.
Podcast: https://www.toptradersunplugged.com/podcast/michael-kao-global-macro-series-june-14th-2023/ As has become clear in the past couple of years, the interconnection between Macro Economics and Geo-Politics is stronger today than ever before in our lifetime. And who better to explain this mosh pit than the Ubankaoboy himself, Michael Kao who joins me …
6/27/23 -- Interview: Forward Guidance with Jack Farley & Alex Stahel / Oil, Macro, CNY/Oil Doom Loop.
7/31/23 -- Interview: Real Vision with Maggie Lake / Fed, Inflation, USD, Macro.
Interview: Real Vision with Maggie Lake / Fed, Inflation, USD, Macro.
Maggie Lake and I chat about everything from the strength of US Consumer, the “Ivan Drago” Fed, Inflation, the USD Wrecking Ball, and other exogenous risks in the Global Economy.
8/20/23 — Interview: Macro Sunday with Andreas Steno / China, CNY, HKD, Macro.
Interview: Macro Sunday with Andreas Steno / China, CNY, HKD, Macro.
We discuss China’s economic predicament as well as the implications on USDCNY and USDHKD.
8/23/23 — Interview: On The Margin with Mike Ippolito & Nicholas Glinsman / China, CNY, Macro.
Interview: On The Margin with Mike Ippolito & Nicholas Glinsman / China, CNY, Macro
Great to be back on the show with Mike Ippolito, this time with fellow guest Nicholas Glinsman of Malmgren-Glinsman Partners. We covered a lot of ground in this wide-ranging discussion: China’s divergent Macroeconomic/Demographic trajectory vs. the US and its implications on CB policies and currencies, Inflation, BRICS, drivers of the USD Wrecking Ball, …
8/28/23 — Interview-Macro/China/BRICS with Pyotr Kurzin.
Interview-Macro/China/BRICS with Pyotr Kurzin
The first half of the interview was recorded on YouTube, but excludes Q&A:
9/15/23 — Interview: On The Tape Podcast with Guy Adami & Danny Moses / Macro, Oil, USD, Sovereign Debt Endgames.
Interview: On The Tape Podcast with Guy Adami & Danny Moses / Macro, Oil, USD, Sovereign Debt Endgames.
Guy, Dan, and Danny discuss mixed messages in the market (1:00), where’s the recession? (6:00), the best-looking charts in the market, according to Danny (9:30), mega-cap tech stocks not acting well (10:30), Morgan Stanley’s Tesla upgrade (14:30), banks (16:30), Danny pounding the table on Genius Sports/Sportradar stocks (25:00), airlines (26:30), Vertu…
10/10/23: Interview: Markets & Macro Twitter Space with Jeremy Schwartz & Jeff Weniger.
Interview: Markets & Macro Twitter Space with Jeremy Schwartz & Jeff Weniger.
I always enjoy doing these chats with Jeff and Jeremy because of their provocative and informed questions. Here is a recording of that link: https://twitter.com/JeffWeniger/status/1704585023532241188 Show Notes Here are a couple links to past threads I referenced:
11/1/23: Interview: "Forward Marginal Guidance" with Mike Ippolito and Jack Farley.
11/3/23: Interview: Palisades Gold Radio with Tom Bodravics.
Interview: Palisades Gold Radio with Tom Bodravics.
This is my second time speaking with Tom, and he has a knack for asking provocative questions on second and third-order effects of the current Macro setup. Our far-ranging conversation spanned many topics: recent FOMC and what US Economic Resilience implies for H4L policy and RoW, the role of Gold/Fiat, Sovereign Debt Endgames, etc.
11/14/23: Interview: The Julia La Roche Show with Julia La Roche.
11/20/23: Interview: The Geopolitics of Commodities with Scott Smitson on The Lykeion Channel.
Interview: The Geopolitics of Commodities with Scott Smitson on The Lykeion Channel.
It was a pleasure speaking again with Scott Smitson, with whom I had the pleasure of interviewing in Episode 3 of KAOS Theory. I met Scott at West Point back in February, where we each presented our respective papers. We turn the tables now, as Scott interviewed me on my Macro and Geopolitical views on
12/2/23: Interview: The RO Show Podcast with Rosanna Prestia / Investment Philosophies, Mental Models & Pelicans.
Interview: The RO Show Podcast with Rosanna Prestia / Investment Philosophies, Mental Models & Pelicans.
This is my second time on Rosanna’s show, and I really enjoyed this conversation because it wasn't just another "Macro Dump." We talked a lot about Investment Philosophies, Exit Strategies, Mental Models — and the origin of The Pelican as my Totem Animal!
12/13/23: Twitter Space: Panel with Unusual Whales / FOMC Day - Is the Fed about to Pivot?
Twitter Space: Panel with Unusual Whales / FOMC Day - Is the Fed about to Pivot?
As always, honored to join such a great panel to discuss the FOMC in real-time, and thanks to Unusual Whales for inviting me and hosting the discussion. Panel Lineup: Joseph Wang https://twitter.com/FedGuy12 Michael Kao https://twitter.com/UrbanKaoboy
2/7/24: Interview: Real Vision Daily Briefing with Maggie Lake / Is the US Economy Half Full or Half Empty?
3/20/24: Twitter Space: Panel with Unusual Whales / FOMC Day - The Transformation of Powell.
Twitter Space: Panel with Unusual Whales / FOMC Day - The Transformation of Powell.
I am pleased to participate in yet another Unusual Whales FOMC Panel. As usual, we give our thoughts in real-time right into the FOMC announcement and press conference.Kaoboy Musings is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
3/26/24: Interview: TastyLive "The Price of Truth" Show with Victor Jones.
Interview: TastyLive "The Price of Truth" Show with Victor Jones.
This was my second time being interviewed by Victor Jones, who is an exceptional interviewer with his provocative and wide-ranging questions. We talked about so many topics: the Fed, the Bifurcated Global Economy, the risk of a Second Hiking Cycle, Avoiding Tribalism, and Making Money the Hard Way.
4/12/24: Interview: "On The Tape" with Danny Moses & Guy Adami -- How Contagion Happens.
Interview: "On The Tape" with Danny Moses & Guy Adami -- How Contagion Happens.
I am grateful to Guy Adami and Danny Moses for having me back on their show again to discuss some of the top Macro Challenges facing the markets now. This was a short but densely packed conversation, and it inspired me to write a whole thread around the topics we covered.
4/20/24: Interview: Guest Lecture with Nik Bhatia on "The Bitcoin Layer" -- Currency Wars.
Interview: Guest Lecture with Nik Bhatia on "The Bitcoin Layer" -- Currency Wars.
It was a pleasure to be on Nik's show to talk about how Competitive Currency Devaluations can lead to (EUR)Asian Contagion 2.0. Nik was kind enough to give me the time for a comprehensive walk-through of my "Battle of the BADS" post. Once again, I tried to include relevant content in the Show Notes, so please read along as you listen.
5/25/24: Interview: RealVision Masterclass Series with Roger Hirst.
Interview: RealVision Masterclass Series with Roger Hirst.
Thanks to RealVision and Roger Hirst for hosting me in this wide-ranging discussion, where we discuss my "Alpha With Asymmetry" framework as well as current Macro views and trade expressions. RealVision has provided me this FREE LINK for my subscribers to access:
6/8/24: Interview: "Week Ahead" Panel with Tony Nash on Economic Divergences & Geopolitical Risks.
Interview: "Week Ahead" Panel with Tony Nash on Economic Divergences & Geopolitical Risks.
This week I am pleased to join Tony Nash on his “Week Ahead” podcast, along with Albert Marko and Tracy Schuchart. We covered a very wide variety of Macro and Geopolitical topics. See my detailed Show Notes Thread below for an outline of the topics we covered.
6/17/24: Interview: Palisades Gold Radio with Tom Bodravics - Pot Pourri Discussion.
Interview: Palisades Gold Radio with Tom Bodravics - Pot Pourri Discussion.
This was my 3rd time chatting with Tom, who always asks deep, probing questions. We had a wide-ranging discussion starting first with Macro topics and ending on Micro/Investing topics. Topics included: the Macro backdrop, Gold/BTC as potential Reserve Assets, Fiat vs. Hard Money, Alpha vs. Beta bets, and Exit Strategies.
6/29/24: Interview: Dale Pinkert/TradeGATEHub Discussion - The Macro Bogeymen of Shadow Banking, Institutional Illiquidity, Sovereign Bonds, USD Wrecking Ball.
Interview: Dale Pinkert/TradeGATEHub Discussion - The Macro Bogeymen of Shadow Banking, Institutional Illiquidity, Sovereign Bonds, USD Wrecking Ball.
It was nice to be invited back by Dale Pinkert and TradeGATEHub. Dale and I had a rapid-fire discussion of a myriad of Macro Bogeymen, from Shadow Banking Risks, Institutional Illiquidity, Sovereign Bonds, and of course the USD Wrecking Ball. Please see my detailed Show Notes Thread below, where I clarify and reference what I say verbally into written fo…
Twitter Space: July FOMC Panel with Unusual Whales - A Pivotal Moment?
It's been several months since I joined my favorite Macro panel, so I am pleased to share the stage again with my esteemed panelists in discussing today's FOMC and broader Macro issues.
Interview: A Macro Conversation with Andrew Brill of Wealthion + Positioning Update.
Here is an interview I did this week with Wealthion's Andrew Brill discussing the implications of the Return of Pusillanimous Powell. The discussion is timely given next week’s FOMC meeting. I include a post-interview Positioning Update at the end.
Guest Lecture at Denison University: The Geopolitics of Energy & Economic Warfare.
Professor Scott Smitson and I met at West Point 2 years ago, where we both presented policy papers on various aspects of National Security, and we have since collaborated on multiple projects (see section at end for links).
Interview: Maggie Lake Talking Markets / Macro, Geopolitics, and Trump Trades.
It was a pleasure to sit down once again with Maggie Lake, formerly of RealVision, who is now out on her own.
Interview: Forward Guidance with Felix Jauvin + EXTRAS.
I’m grateful to be invited as a first-time guest of the new host of Forward Guidance, Felix Jauvin. Macro is very tricky right now, as there could be some big regime shifts underway with Trump 2.0.
Interview: Talking Trump 2.0 Uncertainties with Maggie Lake on Wealthion.
Why are Bonds bottoming and USD weakening despite recent blowout Inflation numbers? Maggie and I discuss how Trump 2.0 Policies are net net DEFLATIONARY and creating Macro Confusion.
Interview: Oil/Macro/Geopolitics/Investing Discussion with Paul Sankey.
First time interview with Paul Sankey. This was a wide-ranging conversation about the current tumultuous Macro and Geopolitical environment, with extensive Show Notes on Tariffs & Current Events.