Consensus Hong Kong 2025

• Event Date: February 18-20, 2025
• Location: Hong Kong
• Purpose: A convergence of global crypto community leaders to shape the next era of Web 3.
• Highlights:
  • Exclusive networking lounges
  • Expert-led sessions
  • Insights from top industry voices
  • Opportunities for deal-making and partnerships
• Registration:
  • Visit coindes.com/consensusdhk
  • Use code "realvision15" for 15% off

Introduction to The Journeyman Show

• Host: Ral Pal
• Focus: Exploration of macro environment, crypto, and technology
• Experience: 35 years in finance, including Goldman Sachs and hedge fund management
• Macro Lens: A tool for understanding market dynamics and asset allocation

Macro Investment Tool (MIT) Overview

• Developed by: Ral Pal and Julian Bell
• Goal: Simplifying macroeconomic data for investors
• Output: Weekly updates including charts and a framework for asset allocation
• Popularity: Most successful product at Real Vision

Recent Events in Miami

• Networking: Engaged with clients and audience during events like catamaran cruise and wine tasting
• Round Table: Discussion on the MIT and its frameworks
• Personal Insight: Enjoyed time with attendees, promoting a casual and engaging atmosphere

Macroeconomic Analysis Updates

Current Economic Climate

• Business Cycle Analysis:
  • Current positioning in macro regimes (e.g., macro summer, fall)
  • Importance of monitoring economic surprises and inflation trends
• Growth Momentum:
  • 58.8% countries in expansion phase
  • No countries in contraction phase

Inflation Trends

• Current Observations:
  • Inflation pressures rising in certain countries (e.g., UK, Germany)
  • Navigating tricky macro regimes is essential for portfolio management

Future Expectations

• Long-Term Projections:
  • Anticipate easing financial conditions
  • Positive outlook for global manufacturing PMI and macroeconomic stability

Key Takeaways from Julian Bell's Presentation

• Macro Investing Strategy:
  • Use of detailed frameworks for asset allocation
  • Importance of understanding current conditions and expectations
• Historical Context:
  • The relationship between past cycles and current market behaviors
  • Expected patterns of growth and inflation

Conclusion

• Call to Action:
  • Stay updated on macroeconomic trends through Real Vision
  • Engage with the community and discussions around MIT
• Final Note: Avoid short-term noise and focus on long-term investment strategies.