If you don’t know about finance and you want to learn, where do you start? Start with the money, says Paul Brodsky of Macro Allocation Inc.
Paul started his career in finance in 1982 and worked as a bond trader, options trader, fund manager, before founding the research and consulting firm Macro Allocation. He said he had to unlearn many of the principles first taught to him and focus on what’s really driving stocks, bonds, and the economy.
As a result, he returned his investors’ money in a mortgage-backed securities fund right before the housing crash in 2007 because he saw it coming. Many of the investment legends like Marc Faber and Bill Gross follow him because of his unique understanding of money, credit, and central banks.
Epoch Times spoke to Paul about what is real money, why debt can never be repaid, and why he sees gold at $15,000 per ounce.
