Boris Vladimirov on US Exceptionalism, Europe Risks and China Weakness | MHC Ep 222

Boris is one of the leading macro thinkers in the market. He is a managing director at Goldman Sachs. Before GS, he was partner and portfolio manager at Rokos Capital Management, Fortress, and Brevan Howard. Boris started his career on the sell side, which included working at UBS and Dresdner. Boris gives his personal opinions and not those of Goldman Sachs or any other organisations he is affiliated with. In this podcast, we discuss:
-Late cycle dynamics
-Concerns about China
-Impact on Europe
-Role of automatic fiscal stabilisers in US
-EM risks: elections
-Unusual corporate dynamics in US
-Fed policy in 2024
-Understanding recession probabilities and R-star
-US elections and debt
-Which country’s debt to worry about
-Rise of far-right in Europe and Euro breakup risks
-Impact of AI on economy and tech bubble?
-Books mentioned: Vienna: How the City of Ideas Created the Modern World (Cockett), Babel (Kuang)