6ix Virtual Spring Conference - Where Capital & Ideas Meet: Day 1, Part 2
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Tue, March 15, 2022 at 2:30 PMendedReplay
Investor webinar replay
Meeting Overview The meeting focused on the macroeconomic impacts of the ongoing geopolitical crisis, particularly the Russian invasion of Ukraine. Key discussions revolved around inflation, commodity prices, fiscal priorities, and the implications for central banks and investors. Key Discussion Points - The invasion of Ukraine has exacerbated inflationary pressures and shifted fiscal priorities, especially in Europe. - Commodity prices, particularly energy, food, and metals, have surged due to supply constraints and geopolitical tensions. - The potential for significant food insecurity and recession as a result of rising prices and supply chain disruptions. - The central banks' challenges in managing inflation and interest rates amidst a supply squeeze. - The ongoing shift in investor sentiment from growth to value, particularly in the metals sector. - The green energy revolution continues to drive demand for certain metals, despite current market volatility. Decisions Made - No ex...
Bianca Pisciola is a co-founder and CRO of 6ix, a capital markets technology platform. Through 6ix, she has deployed data-driven investor relations technology for more than 100 public mining companies, including Endeavour Mining and McEwen Mining.
Bianca is on the founding team of Save Canadian Mining, an advocacy group dedicated to reinstating the tick test within Canadian capital markets. Other members of the founding team include Eric Sprott, Rob McEwen, Keith Neumeyer, Sean Roosen, and other leaders of the industry.
She also sits on the board of One Silver Lining, a Canadian non-profit organization she founded, supporting youth through conferences, benefit concerts, TEDx talks, and scholarships.
Replay transcript excerpt
Speaker 1: Inflationary move. The thing is, Speaker 1: then of course Russia invaded Ukraine. Speaker 1: The long story short, Speaker 1: most of what I've just said remains completely valid. Speaker 1: The Fed still has to raise rates because Speaker 1: all of that stuff about inflation Speaker 1: existed before the Ukraine crisis. The thing is the Ukraine crisis has Speaker 1: dramatically Speaker 1: increased the risk of inflation and taken the causes of that inflation Speaker 1: much farther, pulled those causes much farther from the control of central bankers. Speaker 1: And we see this in all sorts of commodities Speaker 1: that are going through the roof. Speaker 1: And there's no short-term solution to this. There really isn't. I'm not going to dive into the geopolitics Speaker 1: of this, but there's no short-term solution. Russia's pariah state Speaker 1: would not reverse Speaker 1: should there be some sort of magical ceasefire tomorrow, which I very, very much doubt. Speaker 1: And so Speaker 1: inflation will be much stronger for much longer. I'll go into that in a little bit more detail in a moment. Fiscal priorities have changed. This is also important, right? The big thing was this shift from really accommodative to tightening. Speaker 1: And now, especially in Europe, fiscal priorities have changed, right? What matters in Europe now is supporting the war in Ukraine and that's going to involve Speaker 1: Euro bond printing and things like that. This is stuff we wouldn't have been talking about 3 weeks ago. It's very different. Speaker 1: And of course volatility in the stock market is way up Speaker 1: and stocks are down Speaker 1: And a snowball effect is possible. Speaker 1: All of the big financial crises that we've had in the last while, Speaker...
