L2 Capital

In today's episode, Marcelo Lopez spoke with Alasdair Macleod, who besides being a very experienced investor, is the Head of Research at Goldmoney. Alasdair talks about Goldmoney acting as custodian for clients around the world who wish to store precious metals outside the banking system and also the interesting services it provides to its investors. When questioned about the recent market performance, marked by pronounced declines in late 2018 and a bullish reaction in January 2019, Macleod explains these events and establishes a connection between decisions made by the Fed, the stage of the credit cycle and economic protectionism, in addition to giving his vision of what to expect for this year. He also draws a distinction between the credit cycle and the business cycle and highlights the factors that characterize the current cycle and uses recent data to give an opinion on the stage we are in today. Asked what the direction of central bank interest rates should be in the face of current circumstances,