“A Trifecta of Macro Imbalances” – April 10th, 2022
For the first time in history, the US is experiencing a confluence of three macro extremes all at once:
- * High government debt to GDP like the post-war 1940s
- * A resource-driven inflationary crisis environment comparable to the 1970s
- * Excessive stock market valuation on par with 1929 & 2000 bubbles
Otavio (Tavi) Costa
Tavi is a Member and Portfolio Manager at Crescat Capital and has been with the firm since 2013. He built Crescat’s macro model that identifies the current stage of the US economic cycle through a combination of 16 factors. His research has been featured in financial publications such as Bloomberg, The Wall Street Journal, CCN, Financial Post, The Globe and Mail, Real Vision, and Reuters. Tavi is a native of São Paulo, Brazil and is fluent in Portuguese, Spanish, and English. Before joining Crescat, he worked with the underwriting of financial products and in international business at Braservice, a large logistics company in Brazil. Tavi graduated cum laude from Lindenwood University in St. Louis with a B.A. degree in Business Administration with an emphasis in Finance and a minor in Spanish. Tavi played NCAA Division 1 tennis for Liberty University.