Whitney Baker
Founder & CIO, Totem Macro. On 1 show, 1 appearance. The Shows tab opens the full record on each.
Whitney Baker is the founder and chief investment officer of Totem Macro. She previously worked at Soros Fund Management and served as the head of emerging markets at Bridgewater Associates.
1shows
1appearances
14statements
3resolved
1supported
1contradicted
33%fully supported
Everything Whitney Baker said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Baker: Financial markets are currently in a bubble driven by unproductive flows
“We're in a bubble today, and so there's a lot of these flows that are going to be unproductive ultimately”
Baker: Global economic recovery is causing goods inflation to accelerate again
“And now goods is accelerating again because the rest of the world is recovering.”
Baker: Passive beta faces weak real returns while active alpha will outperform
“I would say that it's a bad time for beta because we've Really pulled forward a lot of market returns this way, at least in real terms, because we sort of have to inflate the economy into these asset levels. But it's a great time for alpha because since so muc…”
Baker: US deficit financing via printed money creates self-reinforcing inflation
“Initially there was a lot of inflation when you, when you're running hot like we are today, and you're financing a huge fiscal deficit like we are today with printed money like we are today, you get into this self-reinforcing inflationary cycle like we had in …”
Baker: Asset bubbles are always caused by central bank over-printing
“The thing that causes that is always an economically inappropriate amount of central bank printing, and what started in the nineties was, this was really the first time any foreign banks had been materially involved in U.S. Debt purchases.”
Baker: Federal Reserve asset inflation drove wealth inequality and global populism
“The Fed has been a huge contributor to inequality already, and by virtue of juicing the assets that wealthy people own by definition, you know and so that's created a lot of the populist backlash that we've seen politically, not just in the US, but around the …”
Baker: AI productivity redistributes income from displaced workers to adopting companies
“Productivity is income saved by companies that use AI and income lost by the workers that they no longer have to hire. You know, it's a force that redistributes income within the economy”
Baker: Central Bank Constraints Will Reopen Massive Opportunities for Alpha Macro Strategies
“Macro has been a challenged environment for 10 years because volatility has been suppressed by the central banks. They smooth everything out. They've printed a bunch of money, created a lot of dislocations. So if they're not able to do that anymore because the…”
Baker: No Other Country Matches US Technological Innovation Drivers
“On the tech side, there's really nowhere else in the world that has the same set of technological innovation that the U S has the same sort of drivers that create that.”
Baker: Global Economy Had Prolonged Unconstrained Balance Sheet Growth
“So from my perspective, you know, we've had a very long period of almost unconstrained balance sheet growth the world over, right? Debt, money, asset prices spending associated with that.”
Baker: Global and US debt-to-GDP is at all-time historic highs
“We've gotten to this point where we have the highest debt to GDP globally, in the U.S., pretty much everywhere, secularly, that the world has ever seen, including those worlds.”
Baker: Globalization suppressed inflation by offsetting Western consumption with cheap supply
“Set in motion globalization, all of the trade deals we saw since then, the wave of essentially bringing three billion people into the global labor market that depressed wages and provided a bunch of cheap outsourced supply for things. So yes, you have Western …”
Baker: Global rate hikes hit foreign economies faster via floating-rate debt
“The rest of the world, their debt is floating rate. So these rate hikes pass right through.”
Baker: Hegemonic Powers Decay When Innovation Lags and Military Is Overstretched
“Typically a new one takes over or you start to get some sort of decay in the existing order when there's a lack of technological innovation. So the US and also to some degree when you're overstretched from military perspective, because then all your sort of op…”
One line per show, most statements first. The link opens Whitney's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 AMERICAN OPTIMISTLEDGER | Founder & CIO, Totem Macro | 1 | 14 | 33% 1/3 | full record on American Optimist → |