Around The World With Yusko

Hosted by Morgan Creek Capital Management, LLC

Business

Website RSS feed

Episodes

Latest episode

May 2026

Language

About the show

Listen to well-known investor Mark Yusko share his views on investing and the markets. Mark is the founder and Chief Investment Officer of Morgan Creek Capital Management. A provocative thinker and engaging speaker, Mark frequently presents around the country, in podcasts and on national TV on investment-related topics and portfolio management strategy.

Listen to episodes

49 recent

May 1, 20261 hr 6 min

Around the World: War Is Peace: The Ministry of Truth Tells Investors To Party Like It's 1999

In this episode of Around the World, Mark dissects a market rally unfolding against a backdrop of global instability. From the on‑again, off‑again Iran conflict and its ripple effects on oil, inflation, and global trade, to the disconnect between deteriorating fundamentals and soaring asset prices, the episode explores how geopolitics, central banks, and doublethink are shaping today's market psychology. Along the way, Mark draws parallels to 1973 and 2000, examines valuations in equities and AI, questions the sustainability of the rally, and explains why Bitcoin, liquidity, and real assets may be telling a very different story beneath the headlines. Want more? Watch the "Around The World With Yusko" webinar series live by contacting us at ir@morgancreekcap.com. Watch it after the fact at https://www.morgancreekcap.com/market-commentary/#investment-themes. Visit us on the web at https://www.morgancreekcap.com. Legal Disclaimer This podcast is for informational purposes only and should not be construed as investment advice or as a solicitation for the sale of any security or any advisory or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.

March 25, 20261 hr 2 min

Those Two Really Are Cowboys: The Global Market Impact of the Iran Conflict

In this episode of Around the World, Mark breaks down how the sudden escalation of the Iran conflict is reshaping global markets and geopolitical risk. The closure of the Strait of Hormuz has caused one of the largest oil supply disruptions in modern history, sending volatility surging as investors debate how high prices could go. We explore China's strategic stockpiling, Iran's escalating retaliation tactics, and the surprisingly muted initial market reaction despite growing evidence of a prolonged energy shock. With U.S. political odds shifting alongside rising gas prices and intensifying global debt pressures, the conflict is colliding with an already fragile economic backdrop. Equity markets may be cracking under the strain, with treasuries potentially failing to act as the traditional safe haven. The episode wraps with insights on crypto, commodities, and what this geopolitical realignment could mean for the months ahead. Want more? Watch the "Around The World With Yusko" webinar series live by contacting us at ir@morgancreekcap.com. Watch it after the fact at https://www.morgancreekcap.com/market-commentary/#investment-themes. Visit us on the web at https://www.morgancreekcap.com. Legal Disclaimer This podcast is for informational purposes only and should not be construed as investment advice or as a solicitation for the sale of any security or any advisory or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.

February 9, 20261 hr 37 min

Honoring Byron Wien: 10 Potential Surprises for 2026

Mark Yusko returns with his highly anticipated "Around the World: 10 Surprises for 2026," opening with a Top‑Gun‑worthy flyby through the global macro landscape before diving straight into the turbulence ahead. He breaks down the forces that could define the year: the K‑shaped economy, AI's outsized impact on GDP, the global debt bomb, the unraveling yen carry trade, Europe's political tightrope, China's long‑game positioning, and the next phase of Bitcoin's four‑year cycle. Mark explains why the risks everyone obsesses over often aren't the ones that matter, and where real opportunity tends to emerge when liquidity, psychology, and policy collide. As Viper reminds us, "A good pilot evaluates what's happened… so he can apply what he's learned." Want more? Watch the "Around The World With Yusko" webinar series live by contacting us at ir@morgancreekcap.com. Watch it after the fact at https://www.morgancreekcap.com/market-commentary/#investment-themes. Visit us on the web at https://www.morgancreekcap.com. Legal Disclaimer This podcast is for informational purposes only and should not be construed as investment advice or as a solicitation for the sale of any security or any advisory or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.

December 23, 20251 hr 21 min

Back Around The World: 2025 In Review

In this year-end edition of Back Around The World, Mark Yusko unpacks the highs, lows, and jaw-dropping surprises that shaped the global economy in 2025. The year opened with markets at record highs and investor euphoria, only to be jolted by tariff wars, recession fears, and wild volatility. Tariffs dominated headlines for months, sparking trade tensions and policy uncertainty that rattled global markets. Meanwhile, AI optimism and tech valuations soared to levels rivaling the dot-com bubble, even as economic fundamentals weakened. Bitcoin reached new all-time highs, gold surpassed $3,000, and global liquidity fueled a stunning rebound across equities despite mounting debt and consumer stress. As the year closed, animal spirits returned, but questions linger about whether this rally is built to last. Join us as we turn back the tape to discuss an extraordinary year for markets. Want more? Watch the "Around The World With Yusko" webinar series live by contacting us at ir@morgancreekcap.com. Watch it after the fact at https://www.morgancreekcap.com/market-commentary/#investment-themes. Visit us on the web at https://www.morgancreekcap.com. Legal Disclaimer This podcast is for informational purposes only and should not be construed as investment advice or as a solicitation for the sale of any security or any advisory or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.

October 31, 20251 hr 8 min

Willing Suspension of Disbelief: Is It Really Different This Time?

In this episode of Around the World with Yusko, Mark Yusko applies Samuel Taylor Coleridge's concept of the "willing suspension of disbelief" to today's markets, challenging listeners to separate optimism from economic reality. From the birth of central banking to the AI-driven boom, Yusko traces how belief, leverage, and monetary policy have fueled centuries of speculative cycles. He examines bubbles from WeWork and Beyond Meat to nuclear startups and quantum computing, highlighting the widening gap between enthusiasm and the underlying fundamentals. Along the way, he contrasts fiat devaluation with the strength of scarce assets like gold and Bitcoin, dissects the "infinite money glitch" behind tech valuations, and considers what history suggests about the next correction. Blending sharp analysis and perspective, this episode offers a global, data-driven look at where he thinks we are in the investment cycle. Want more? Watch the "Around The World With Yusko" webinar series live by contacting us at ir@morgancreekcap.com. Watch it after the fact at https://www.morgancreekcap.com/market-commentary/#investment-themes. Visit us on the web at https://www.morgancreekcap.com. Legal Disclaimer This podcast is for informational purposes only and should not be construed as investment advice or as a solicitation for the sale of any security or any advisory or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.

August 22, 20251 hr 9 min

So Much For Sell In May And Go Away: The Relentless Summer Melt-up

In this episode of Around the World, we dive into the surprisingly "relentless summer melt-up" that has sent markets worldwide to all-time highs. We examine the potential for a speculative bubble and the surprising disconnect between political rhetoric and economic reality on issues like trade wars and tariffs. The discussion also explores the historical context of the market rally, the psychology of investors, and the potential impact of the retiring boomer generation on market dynamics. Want more? Watch the "Around The World With Yusko" webinar series live by contacting us at ir@morgancreekcap.com. Watch it after the fact at https://www.morgancreekcap.com/market-commentary/#investment-themes. Visit us on the web at https://www.morgancreekcap.com. Legal Disclaimer This podcast is for informational purposes only and should not be construed as investment advice or as a solicitation for the sale of any security or any advisory or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.

July 18, 20251 hr 17 min

Happy Summer: A Mid-year Update on Global Markets

On this sizzling summer edition of Around the World with Yusko, Mark returns from Yosemite to deliver a wide-ranging midyear global markets update. From the ongoing saga of Trump's tariff threats to meme-stock madness, rising credit stress, and the surprising comeback of gold miners and European equities, Mark connects the macro dots across asset classes worldwide. He also dives into the latest news about Bitcoin treasury companies, stablecoins, and whether the Federal Reserve will switch its course after Jackson Hole. Packed with sharp insights and charts, this is an update you won't want to miss! Want more? Watch the "Around The World With Yusko" webinar series live by contacting us at ir@morgancreekcap.com. Watch it after the fact at https://www.morgancreekcap.com/market-commentary/#investment-themes. Visit us on the web at https://www.morgancreekcap.com. Legal Disclaimer This podcast is for informational purposes only and should not be construed as investment advice or as a solicitation for the sale of any security or any advisory or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.

June 17, 202555 min

The Never-Ending Story: Are The Trump Tariffs Terminated...?

On this month's Around the World with Yusko, we unpack the latest twists in the ongoing global trade drama, focusing on the continued discussion of Trump-era tariffs, boiling geopolitical tensions, and what "TACO" really means. Join Mark as he weaves a narrative of markets, macroeconomics, and monetary policy that spans the impact of tariffs on inflation and recession risks, to Bitcoin's bullish setup, and the surging performance of gold miners, European equities, and Bitcoin treasury companies. Fast-paced and full of surprises, this is surely an episode you don't want to miss! Want more? Watch the "Around The World With Yusko" webinar series live by contacting us at ir@morgancreekcap.com. Watch it after the fact at https://www.morgancreekcap.com/market-commentary/#investment-themes. Visit us on the web at https://www.morgancreekcap.com. Legal Disclaimer This podcast is for informational purposes only and should not be construed as investment advice or as a solicitation for the sale of any security or any advisory or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.

May 20, 202556 min

Tariffs, Tariffs Everywhere: At This Point We Could All Use A Drink...

In the next episode of our Around the World with Yusko series surrounding tariffs, we'll explore how shifting geopolitical strategies are reshaping supply chains and investor behavior. Tune in to discover why the era of "slobalization" may be upon us, how central banks are navigating rising recession signals, Bitcoin's continued institutional adoption and gold's unexpected outperformance. Plus, we'll dive into how outdated retirement frameworks like the 401(k) may finally be evolving—and what that could mean for your future portfolio. Want more? Watch the "Around The World With Yusko" webinar series live by contacting us at ir@morgancreekcap.com. Watch it after the fact at https://www.morgancreekcap.com/market-commentary/#investment-themes. Visit us on the web at https://www.morgancreekcap.com. Legal Disclaimer This podcast is for informational purposes only and should not be construed as investment advice or as a solicitation for the sale of any security or any advisory or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.

April 22, 20251 hr 9 min

Tariffs, Tariffs Everywhere: Will the Economy Sink?

In the third chapter of our Around the World with Yusko focused on tariffs, Mark Yusko further unpacks the tariff talk and its potential dire economic consequences. From historical context and policy blunders to the present-day rhetoric fueling global trade tension, Mark examines whether history will repeat itself with recession, inflation, and market turmoil all back on the table. He breaks down Bitcoin's potential role in a post-fiat world, why he believes gold is having a moment, and the growing divergence between U.S. and global markets. He also discusses central banks and whether the bear market is back. Join us for this exciting episode! Want more? Watch the "Around The World With Yusko" webinar series live by contacting us at ir@morgancreekcap.com. Watch it after the fact at https://www.morgancreekcap.com/market-commentary/#investment-themes. Visit us on the web at https://www.morgancreekcap.com. Legal Disclaimer This podcast is for informational purposes only and should not be construed as investment advice or as a solicitation for the sale of any security or any advisory or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.