Why Today’s Economy Serves Assets, Not Workers | Harris Kupperman

In this episode of Forward Guidance, Tyler Neville interviews Harris Kupperman of Praetorian Capital about the current state of the markets and Kupperman's feudalism thesis. Kupperman argues that the economy is being run for the benefit of the S&P and the asset-owning class, leaving the majority of the population behind. They discuss the Federal Reserve's policies, the impact of wage growth, and the potential for a political shift that could prioritize the middle class. Kupperman suggests that real economic growth is being sacrificed to maintain asset prices, leading to a global economy characterized by different forms of feudalism. He also shares his investment strategy, which focuses on emerging markets, hard assets, and companies with long-term potential outside of the U.S.