{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Episode 117 \u2013 In Trust We Must: From Wall Street to the Open Road","description":"In this episode of Perspectives, Escala Chief Investment Officer, Tracey McNaughton, talks about the importance of trust \u2013 between governments, institutions, clients and their advisers and of course the rider and her bike.  (1:18) So, Tracey, how do you define trust?  (1:59) Can you think of a single system\u2014financial, political, or social\u2014that functions without trust?  (2:35) Let\u2019s go back to 2008. Where were you when Lehman collapsed? Did it hit you right away that this was a trust crisis?  (3:46) And the stats reflect that. Only 27% of Americans said at the time they trusted the financial system. Ben Bernanke was the Chair of the Federal Reserve. His first move wasn\u2019t to inject capital - it was to calm people down.  (4:22) That\u2019s the thing with trust - it\u2019s invisible when it works, but when it fails?  (5:07) Let\u2019s zoom out for a minute. We\u2019ve talked about trust in institutions, but what about trust between countries? You saw that on display at the G7 recently in Canada. President Trump walked out mid-session. Again. Cameras rolled as he boarded Air Force One early, leaving key negotiations unfinished. The summit, momentarily, became the G6.  (6:00) What does that look like in practice?  (6:58) And trade?  (7:18) So is this a retreat from U.S. leadership?  (9:35) And while allies hedge, rivals act.  (10:25) And underneath all of that\u2014is the erosion of trust.  (10:44) So Tracey, I\u2019ll put the big question to you: What if trust\u2014not military power, not GDP\u2014was the real engine of American leadership... and that engine\u2019s stalling?  (11:41) Let\u2019s come down from the G7 and walk into an adviser\u2019s office. We have spoken about trust between institutions and their clients, between the US and its allies. What about trust in our world \u2013 between the adviser and their client?  (12:38) It\u2019s not just about investments, it goes further than that, its nice to get to know clients on a personal level and vice versa.  (15:03) Let me shift gears\u2014literally and talk about trust as it relates to something close to your heart. Like every other relationship we have talked about here, trust on two wheels isn\u2019t abstract. It\u2019s visceral.  ","author_name":"'Perspectives' by Escala","author_url":"https:\/\/escalapartners.com.au\/","html":"