The David Lin Report · Tuesday, June 30, 2026
Lawrence Lepard maintains that the 'debasement trade' is the dominant investment strategy for the decade, driven by persistent overspending and unsound monetary policies. He believes that despite technological advancements like AI, the fundamental need for expanding credit in the current monetary system will lead to continued inflation.
“I think that the you know, the the the basement trade is the trade of our decade.”
“And until I see something that suggests that they are going to solve, you know, the overspending problem and that they're going to solve unsound money and that they're going to, you know, behave in a responsible fashion, I'm going to ride the debasement and the inflation trade because I think it's I think it's got years to run, maybe decades to run.”
“And so when you've got kind of a deflationary technology thing contrasted with a economy that needs growing credit something's got to give.”