Show Notes
Danny, Vinnie and Porter are joined by R.P. Eddy, founder and CEO of the global intelligence and advisory firm Ergo, and co-author of Warnings: Finding Cassandras to Stop Catastrophes.
Eddy explains what separates a true Cassandra from a Chicken Little. He also explains why being right is only half the job if no one listens. He traces how the Fukushima disaster set off a chain of decisions that left Europe dependent on Russian energy.
The conversation then turns to AI. Eddy argues that controllability is the risk we haven't confronted yet. He says the "beat China" framing is a false choice, and that the economic "denominator" behind AI spending is real, even if the market gets frothy.
Learn more about the The Cassandra Award here: cassandraaward.net
Timecodes 0:00 - Intro 3:05 - The Cassandra Coefficient 12:00 - AI & Regulations 26:40 - Geopolitical Outlook 30:00 - Midterms & The Middle East 44:25 - Russia-Ukraine 48:00 - Runaway US Spending 53:40 - Signs of Optimism
— FOLLOW US YouTube: @RiskReversalMedia Instagram: @riskreversalmedia Twitter: @RiskReversal LinkedIn: RiskReversal Media
The financial opinions expressed in Risk Reversal content are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on Risk Reversal.
Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in Risk Reversal carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money that you can afford to lose.
Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell or retain any specific investment or service. Hosted on Acast. See acast.com/privacy for more information.
More from On The Tape with Danny Moses
On On the Tape, James Aitken of Aitken Advisors recounts writing “Notes From a Small Island” for decades and describes his work helping institutional and high-net-worth clients ignore noise, stay patient, and capitalize on dislocations. In a macro backdrop of higher debt, inflation, wars, and concentrated equity leadership, he says bonds—especially parts of the Treasury curve and TIPS—now offer unusually attractive risk-reward, though they may hedge less reliably in a higher-inflation regime and could challenge risk-parity positioning. Aitken argues a government-underwritten AI and national-resilience CapEx boom is inflationary near term, with markets increasingly scrutinizing leverage and downstream project economics. He critiques Scott Bessent as buying time in Treasuries and expects Fed Chair Kevin Warsh to keep hiking to re-anchor inflation amid Middle East-driven energy risks. He views the dollar as supported by global asset-allocation inertia, stresses judgment over AI tools, and praises Mark Carney’s pragmatic reforms and efforts to attract capital to Canada.
Get RenMac's Research HERE: https://linktr.ee/renmacllc
Checkout 22V Advisory Direct: https://22vad.com/
Danny Moses welcomes back Cameron Dawson, Chief Investment Officer at NewEdge Wealth, for a deep dive into what's really holding this market together — and where the cracks are starting to show. Cameron explains why the S&P has held its 50-day moving average through war, higher oil, and a more hawkish Fed, and why that resilience comes down almost entirely to earnings. But she digs into a more troubling story underneath the Mag 7's earnings growth: deteriorating earnings quality, accounting maneuvers (reclassified leases, extended payables, one-time investment gains from stakes in companies like Anthropic and SpaceX), and a multiple that's compressed from 23x to 19x as a result. They cover the credit market's early warning signs in CCC-rated bonds, the "crowding out" effect as hyperscalers shift from self-funded to debt-and-equity-funded AI capex, why voters aren't punishing politicians for record deficits (yet), the stock market's growing role as the economy's real pressure point, and positioning in bonds, the dollar, and gold heading into next week's Fed and Bank of Japan decisions.
Danny Moses welcomes back PGA Tour Live commentator and former pro golfer Ned Michaels for a mix of golf and markets — previewing the Tour Championship and the PGA Tour's new 2028 relegation-style format, then digging into Kevin Warsh's first Jackson Hole address as Fed chair, Scott Bessent's yen/Treasury interventions, Danny's case for gold and gold miners, energy infrastructure and cannabis plays, the AI capex debate, and government shutdown odds — closing out with golf and Kalshi picks of the week.