276 episodes

Get the edge with Hidden Forces where media entrepreneur and financial analyst Demetri Kofinas gives you access to the people and ideas that matter, so you can build financial security and always stay ahead of the curve.

Hidden Forces Demetri Kofinas

    • Business
    • 4.8 • 1.2K Ratings

Get the edge with Hidden Forces where media entrepreneur and financial analyst Demetri Kofinas gives you access to the people and ideas that matter, so you can build financial security and always stay ahead of the curve.

    The Power of Crisis & How to Fight a Geopolitical Recession | Ian Bremmer

    The Power of Crisis & How to Fight a Geopolitical Recession | Ian Bremmer

    In Episode 255 of Hidden Forces, Demetri Kofinas speaks with Ian Bremmer. Ian Bremmer is the president and founder of Eurasia Group, the world’s leading global research and consulting firm, and GZERO Media, a company dedicated to providing intelligent and engaging coverage of international affairs. Bremmer is also the author of ten books, including his latest, “The Power of Crisis,” in which he argues that we are unprepared for a trio of looming crises in the areas of pandemic response, climate change, and the next technological revolution. All of these looming crises that Ian focuses on are subjects that we’ve explored in great depth over the years with folks like fmr. FDA commissioner Scott Gottlieb, Secretary of Defense Ash Carter, NASA’s Chief Climate Scientist Gavin Schmidt, Google’s Eric Schmidt, and so many more. You can find all of those previous and relevant conversations in the related section on the episode page of our website.
    Because of the ongoing war in Ukraine and its effect on global commodity markets—and in particular oil & gas—our conversation with Ian leads with a discussion about climate policy. The discussion focuses specifically on the war in Ukraine, what it reveals about our vulnerabilities as we try transition towards more sustainable, carbon-free forms of energy production, and how to balance our national security concerns while still ensuring that we can meet the long-term climate goals set out in the 2016 Paris Agreement.
    In the second part of their conversation Kofinas and Bremmer continue their discussion about energy markets, eventually pivoting to a much broader conversation about the upcoming elections in 2022 and 2024, and specifically why there seems to be a persistent leadership deficit in American politics today and what we can do to change that. They also discuss media reform and what we can do as individuals and in some cases as influencers with large followings to have more constructive and good-faith conversations around the issues that matter to all of us as we navigate what may well be the most dangerous time for the international system since at least the early stages of the Cold War.
    The goal of today’s conversation, among other things, is to bring you the perspective of someone who operates within some of the most powerful networks of people in the world—and is an advisor to many of them. Ian Bremmer has years of experience speaking with global leaders, CEO’s of Fortune 100 companies, and experts across all industries & territories, making him an invaluable resource for anyone trying to think about the future path of policy, risks to global governance, and so much more. 
    You can access the full episode, transcript, and intelligence report to this week’s conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application.
    If you enjoyed listening to today’s episode of Hidden Forces you can help support the show by doing the following:
    Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed
    Write us a review on Apple Podcasts & Spotify
    Subscribe to our mailing list at https://hiddenforces.io/newsletter/
    Producer & Host: Demetri Kofinas
    Editor & Engineer: Stylianos Nicolaou
    Subscribe & Support the Podcast at https://hiddenforces.io
    Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod
    Follow Demetri on Twitter at @Kofinas
    Episode Recorded on 06/21/2022

    • 49 min
    How to Trade Market Sentiment & Why Inflation Is Coming Down | Jared Dillian

    How to Trade Market Sentiment & Why Inflation Is Coming Down | Jared Dillian

    In Episode 254 of Hidden Forces, Demetri Kofinas speaks with Jared Dillian, editor of The Daily Dirtnap, a financial newsletter for professional investors focused on gauging market sentiment and how to capitalize on it. Dillian is also the author of two very successful books on Wall Street and investing and is the host of the Be Smart podcast, where he talks to his listeners about everything from how to sort out their personal finances to how to approach trading and investing in the stock market and everything in between.
    This conversation is yet another in a series of episodes that we’ve been doing focused on how to navigate the transition in market regimes and all of the challenges that this transition presents for our assumptions about markets and the world at large. Jared is the perfect person to speak to about this not just because of his focus on sentiment, but because he really is someone who stands apart. He’s a contrarian in the purest sense of that word and during a time when many of the people we’ve had on this podcast increasingly seem to share similar perspectives on the future path of interest rates, inflation, and energy prices, bringing on someone like Jared is a way of holding ourselves and our ideas accountable–something that is especially important whenever money or investing are involved. 
    That said, Jared Dillian also has another unique quality which is that he publishes an investment newsletter, which means that he spends an enormous amount of time thinking through his investment ideas in public and that can be very tricky to do while also managing to invest successfully in those ideas, precisely because of how easy it is to become emotionally invested in being right. This is something that you will see time and time again in the financial news business. Financial commentators and pundits will twist themselves into pretzels trying to align their public statements, personas, and track records with an ever-changing set of market conditions.  Therefore, one of the topics that Jared and Demetri discuss is how not to do that and how to know when someone else is doing it. In other words, how to filter through information so that you know who to listen to, what to take from them, and then how to exercise a level of humility in your own investment mindset so that you don’t get caught off-sides during a period of time where we think that market conditions and assumptions about risk and allocation will be changing faster than at any point since the great financial crisis.
    You can access the full episode, transcript, and intelligence report to this week’s conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application.
    If you enjoyed listening to today’s episode of Hidden Forces you can help support the show by doing the following:
    Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed
    Write us a review on Apple Podcasts & Spotify
    Subscribe to our mailing list at https://hiddenforces.io/newsletter/
    Producer & Host: Demetri Kofinas
    Editor & Engineer: Stylianos Nicolaou
    Subscribe & Support the Podcast at https://hiddenforces.io
    Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod
    Follow Demetri on Twitter at @Kofinas
    Episode Recorded on 06/14/2022

    • 54 min
    The Path Towards Self-Actualization & How to Overcome Your Fears | Demetri Kofinas

    The Path Towards Self-Actualization & How to Overcome Your Fears | Demetri Kofinas

    In Episode 253 of Hidden Forces, I (Demetri Kofinas) share an interview I recently gave on the In-Bloom podcast hosted by Micaela Richmond. This was a pretty emotional conversation, and I don’t want to spoil the episode by giving it away, but I do want to say that while the subjects I mostly cover on Hidden Forces are intellectual the things that matter most to me are most definitely not. Every now and then I publish episodes that speak to those things like my episode with Jerry Colona on the hero’s journey and the art of growing up or my episode with Eugenia Zuckerman who courageously shared stories from her own experience living with Alzheimer’s. These types of conversations speak to what I believe is common in all of us. Our common humanity and our capacity to experience joy and suffering as we try and make our lives matter. And that can be really hard especially when you’re younger and you’re just starting out, full of insecurities, self-doubt, impatience, fear…I dealt with a lot of fear when I was growing up—fear of failure, fear of disappointing others, fear of not amounting to anything. That was my greatest fear that I’d die and have made nothing of my life. It wasn’t until I overcame those fears of failure and of not amounting to anything by learning to run into danger, by learning to run into the burning building that I found my path to bliss. And I say this because I know that millions of you out there feel exactly the same way even if you haven’t found the words to articulate it.
    My hope is that today’s conversation with Micaela can go some way in helping you identify, face, and overcome those fears regardless of where you are in your life, because those are the things that stand in the way of joy, love, and self-actualization. Those are the things that matter in life. Not money or fame or material success. The sooner you recognize that, the sooner you can come into relationship with the mystery of life from which I believe everything arises and ultimately returns.
    You can access the transcript to this week’s conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application.
    If you enjoyed listening to today’s episode of Hidden Forces you can help support the show by doing the following:
    Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed
    Write us a review on Apple Podcasts & Spotify
    Subscribe to our mailing list at https://hiddenforces.io/newsletter/
    Producer & Host: Demetri Kofinas
    Editor & Engineer: Stylianos Nicolaou
    Subscribe & Support the Podcast at https://hiddenforces.io
    Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod
    Follow Demetri on Twitter at @Kofinas
    Episode Recorded on 05/05/2022

    • 1 hr 13 min
    The Revenge of Risk Rates & the Return of Dividend Investing | Daniel Peris

    The Revenge of Risk Rates & the Return of Dividend Investing | Daniel Peris

    In Episode 252 of Hidden Forces, Demetri Kofinas speaks with Daniel Peris, Senior Vice President and Senior Portfolio Manager at Federated Hermes in Pittsburgh. Daniel is also the author of three books that together explore the intellectual underpinnings of modern portfolio allocation, with a particular focus on dividend investing, why it’s fallen out of favor with investors over the last 30 years, and why dividend-paying securities are positioned to outperform some of their more growth-oriented, cashless competitors in the next 30.
    While our recent episodes with Tony Greer and Jeff Currie also focus on the rotation from growth stocks to value stocks, those conversations are industry-specific, namely, they focus on commodities and industrial resources. Conversely, the objective of today’s conversation with Daniel is to narrow that focus to companies that pay some portion of their profits to shareholders, irrespective of industry.
    The goal of today’s episode is to help you reimagine what is possible for your portfolios and how to manage them in a stagflationary global economy characterized by rising risk rates and persistently higher levels of financial volatility.
    You can access the full episode, transcript, and intelligence report to this week’s conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application.
    If you enjoyed listening to today’s episode of Hidden Forces you can help support the show by doing the following:
    Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed
    Write us a review on Apple Podcasts & Spotify
    Subscribe to our mailing list at https://hiddenforces.io/newsletter/
    Producer & Host: Demetri Kofinas
    Editor & Engineer: Stylianos Nicolaou
    Subscribe & Support the Podcast at https://hiddenforces.io
    Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod
    Follow Demetri on Twitter at @Kofinas
    Episode Recorded on 05/23/2022

    • 51 min
    How to Trade the Great Rotation From Big Tech to Commodities | Tony Greer

    How to Trade the Great Rotation From Big Tech to Commodities | Tony Greer

    In Episode 251 of Hidden Forces, Demetri Kofinas speaks with Tony Greer, the founder of TG Macro, an independent research firm that provides fundamental, technical, and behavioral analysis of global markets to institutional and non-institutional clients alike.
    This conversation follows-up on a series of episodes we’ve published recently focused on the macro, political, and geopolitical economy, with an especially strong focus on commodities, currencies, and government policy. The goal with all of these episdoes has been to help listeners develop a framework for thinking about some of the big-picture trends driving markets and the economy, with the ultimate goal of helping them gain the type of conviction needed in order to invest successfully in them.
    Those who heard Demetri’s recent episode with Grant Williams know that he was able to use this framework to profitably exit long-held positions in risk-assets ahead of the recent market downturn and even rotated some of those profits into commodities, though as he has said countless times he did not allocate nearly enough because he lacked conviction. He didn’t know enough to feel confident in the Supercycle thesis that we laid out in our recent episode with Jeff Currie. He didn’t fuly appreciate the supply-side picture that the team at Doomberg has been writing about so presciently for the past year and that we spoke with them about during Doomberg’s recent appearance on Hidden Forces.
    So what does one do now? What does one do if he or she is persuaded by the thesis that long-term, structural forces restricting the supply of key commodities will support persistently high prices even in the face of relatively weak demand, but doesn’t have conviction around what those prices could reasonably be, especially in the short-term ahead of a Fed tightening cycle?
    This is why we’ve brought Tony Greer on the podcast. Tony’s specialty is trading commodities. He’s been doing it for 30 years and we’re going to rely on his experience to work through exactly the type of dilemma that has been laid out here and which many of you may also be struggling with.
    You can access the full episode, transcript, and intelligence report to this week’s conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application.
    If you enjoyed listening to today’s episode of Hidden Forces you can help support the show by doing the following:
    Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed
    Write us a review on Apple Podcasts & Spotify
    Subscribe to our mailing list at https://hiddenforces.io/newsletter/
    Producer & Host: Demetri Kofinas
    Editor & Engineer: Stylianos Nicolaou
    Subscribe & Support the Podcast at https://hiddenforces.io
    Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod
    Follow Demetri on Twitter at @Kofinas
    Episode Recorded on 05/17/2022

    • 53 min
    Revenge of the Dollar & the Meltdown in Global Markets | Brent Johnson

    Revenge of the Dollar & the Meltdown in Global Markets | Brent Johnson

    In Episode 250 of Hidden Forces, Demetri Kofinas speaks with CEO of Santiago Capital and originator of the “Dollar Milkshake” theory, Brent Johnson. Brent and Demetri discuss his thesis on the Dollar as part of a much larger conversation about the sell-off that we’re currently experiencing in risk assets, the dislocations we’re seeing in currencies and currency pairs like Dollar-Yen, and how to position yourself as conditions change in real-time. 
    Because so much is happening in markets right now it is challenging to know where to focus your attention, which is why Brent’s framework around the role of the US Dollar and its impact on financial flows is crucial for understanding what we’re seeing in markets today.
    We have published countless episodes over the last several years in anticipation of the events that are transpiring today. We think we are in the end-game phase of what in our view has been a forty-year paradigm of falling interest rates, rising debt levels, low inflation, growing inequality, and peak globalization, all of which we believe are in the process of reversing. How that process unfolds and what assets and investments you want to be invested in during this time do not have straightforward answers, but conversations like this one with Brent are crucial in helping you think through the steps required to get you there.
    You can access the full episode, transcript, and intelligence report to this week’s conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application.
    If you enjoyed listening to today’s episode of Hidden Forces you can help support the show by doing the following:
    Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed
    Write us a review on Apple Podcasts & Spotify
    Subscribe to our mailing list at https://hiddenforces.io/newsletter/
    Producer & Host: Demetri Kofinas
    Editor & Engineer: Stylianos Nicolaou
    Subscribe & Support the Podcast at https://hiddenforces.io
    Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod
    Follow Demetri on Twitter at @Kofinas
    Episode Recorded on 05/12/2022

    • 47 min

Customer Reviews

4.8 out of 5
1.2K Ratings

1.2K Ratings

CDEinWDC ,

One of the best

There are a lot of podcast at out there. This for me is among the very best. Demetri has a curious intellect that he uses to both go deep on issues ranging from politics, economics, finance, then identifies the intersections and links between developments in those areas. That’s a vital skill for the world that is only just starting to come into being. In short, he gets it and shares his insights on Hidden Forces, so check it out if you want some insight into where we may be heading.

The Assembler ,

My Favorite Podcast

This show scratches my inquisitive-nature itch. Demetri has an art of interrogating an issue and looking at it from all its most interesting angles. I find my curiosity regularly piqued during the show. Thoughts like “Oh that was a great question” followed up with “this is gonna be interesting” regularly cross my mind. I encourage any intellectual foodie to give it a taste.

Ramrod2050 ,

My Podcast Time is Limited.......

so I subscribe to only 12 podcasts. I evaluate each of them based on learning new things or stirring my curiosity about various issues. I thought Hidden Forces was one of these until I listened to the last one with Demetri and the host from "The Realignment". What I don't have time for is two guys saying" "Why doesn't anyone with skills want to run for Public Office anymore?" While completely ignoring events such as the Kavenaugh hearings, the treatment of the Trump Administration, the Russia Hoax, etc. etc. If Obama was such a great communicator and "sound foreign policy" guy, why did we get ISIS? Heck why did we get Trump in 2016? Wasn't that Obama's fault? Does Americas coastal elites have anything to do with it? do 10 Big Tech ogliarchs run the US? Who would want to run against that? The two talk about internal divisions and why they are bad, but don't deal with the fact this is right out of a US political party's playbook: Green New Deal will force people into the the urban onclave where we can contol them,fewer fossil fuel revenues weaken red states, bring in more people who will become dependent and more solid voters fior us, pit one group against another to take their focus off what we are doing. You might not agree with any of this, fime but let's at least talk about the "root causes" Thanks VP Harris rather than : " gosh why is this happening?" Grow a pair Boys!

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