Praetorian Capital founder and CIO Harris ‘Kuppy’ Kupperman joins The Market House to discuss his broader macro framework and explain his theory of “economic feudalism” and why he believes the never-ending asset bubble is a feature, not a bug. We discuss the US multi-speed economy, why the Federal Reserve’s monetary policy “killed” the 2022 recovery, and how keeping asset prices elevated may be hollowing out the real economy. Kuppy also explains why his thinking has changed the way he invests, why Praetorian no longer owns anything that “needs GDP,” how AI fits into the feudalism thesis, and why he pities anyone shorting this market.
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