He also has a fantastic Canadian accent that really adds to the fun.
My notes from the call:
- Financial system is still under stress and undercapitalized
- Remains cautious about overall equity exposure
- Believes the gov't interventions are highly inflationary
- Cautions against confusing deflation with falling asset prices (believes Japan's deflationary recession was an exception to the norm)
- Bullish on commodities...provided we do not have a deep global recession