Jordi Visser is a macro investor with over 30 years of Wall Street experience. He also writes a Substack called “VisserLabs” and puts out investing YouTube videos. In this conversation, we discuss whether there’s a bubble forming and where Jordi stands — bullish or bearish, we dive into the AI trade, the supply and demand imbalance driving energy and infrastructure, the growing “debasement trade” as institutions allocate to Bitcoin and gold, we explore capitalism vs. socialism, humanoid robots, and the macro forces shaping the markets today.

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Timestamps:

0:00 - Intro
0:47 - Bubble talk is dominating the market
7:06 - The $7 Trillion AI infrastructure boom
10:03 - Impact of AI adoption
13:36 - AI job fears and market correction warnings
19:18 - Credit events and private credit risks
26:16 - Why the debasement trade is happening now: gold and bitcoin
39:05 - The rise of humanoid robots
44:06 - Outlook on compute, power, and the market