Try InVideo for free at invideo.io/i/DavidLin, use code DAVIDLIN50 to get 2x the video generation credits in your first month Is this the final stage of market euphoria? Subscribe to my free newsletter: davidlinreport.substack.com/ FOLLOW SMEAD CAPITAL: Website: smeadcap.com/ Twitter (@SmeadCap): twitter.com/SmeadCap
*"how to own an entire Country in one simple step: call it a Democracy and have people believe that that is all their entire polity is"* long $unp Union Pacific Railroad strong buy 😊😊
Tired of the "recession is coming!" threat. Recessive periods come along with equivalent market opportunities if you are well informed and equipped, I've seen folks amass wealth in the midst of economic turmoil and even pull it off easily in favorable conditions. Invariably, the collapse is getting somebody somewhere rich
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
Risk mitigation is indeed something to consider well before setting out on inveestments. Most often than not, CFAs take care of this perfectly. People downplay the role of CFAs until being burnt by their own instincts. I was in a similar situation a few years ago; Took my chances but stocks went crashing. Realizing I wasn't good at timing the market, I started working with an Adviser, which helped me build a $1.6m portfolio.
My CFA ’Annette Christine Conte’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
In the last time you had too many guests with „sensational“ themes who were not worth listening to. This time there is real insight and value. Thank you very much.
With copytrading, you could be sipping coffee on a balcony overlooking a bustling city skyline or lounging on a pristine beach, all while your investments work for you. Picture the freedom to pursue your passions, travel the world, and create lasting memories with your loved ones, all because you took the initiative to harness the power of copytrading and build the life you've always dreamed of.
I'm celebrating a $60k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me just one of the things copy tradee can do.
Can't share much here, I take guidance from ‘KATE ELIZABETH KURZ’ a renowned figure in her industry with over two decades of work experience. I'd suggest you research her further on the web.
I see the logic of buying into natural gas and oil stocks as they are undervalued now. Besides wherher they pay dividends or are underpriced, if a major extendef war in Middle East does break out which restricts supply of oil, does that mean that companies which primarily produce oil outside that regjon, are the stocks, whose share prices will see the best growth in value, rather than the global conpanies who are more restricted in their supply?
David , professor Steve H ( your frequent guest ) believes strongly that we are going to a severe deflationary period because we are way under 6 % golden rule of 6 % M2 ( money supply )... David , your respected guest has a complete different view . he believes strongly that we are entering an Inflationary period . so , who is right ??? I am confused now . are we going to inflationary period or deflationary ??? which ones ? please clarify
The only thing keeping prices from exploding is supply lines. If there's a conflict that restricts international, or even regional trade routes in the ocean, then people are going to start having a hard time affording food and clothing. People should start preparing now while clothes are still relatively inexpensive. A couple years ago, I could get pants for like $5-$10 if I needed something for cheap. Now it's $15-$20. Imagine what will happen to prices if we don't have access to cheap manufacturing in Asia. If you have a pair of pants, shoes, underwear, socks, or a shirt that you like. You should pre-buy as much as you can fit in your place to use for the next decade. If you don't, and you're not rich, you might end up having to decide between food and clothes for awhile.
Finally someone who gets it. Inflation is getting ready to surge again. I am not sure people will be able to handle that. Most people are more than maxed out they are going negative.
i owned 20k of those T bill while i was in the navy that rolled over for seven years from 1981 to 1988. I loved the rate. i ended up with 5X over that period in interest and principal after taxes.
Inflation will be tame because no one is hiring. Salaries have sucked for too long, raises aren’t but enough, taxes are too high, and well paying jobs keep getting outsourced. Family formation? Young people can’t even find jobs
If you are younger than 40 absolutly if you are older than that.. not even going to beat inflation. But before we get to that sideways action... we have a massive crash, the worst in history. It will take years.
It's a interesting comment to say that there has never been a better time than the last fifteen years, but how much of that is predicated on the staggering increases in public and private debt? What do you say to the proposition that most of the wealth increases went to the top 1% (or top 10%) and meanwhile the middle class has been disenfranchised. It's more like a tale of two cities.
Why does Smead believe that new construction has not kept up with population growth? There has never been more housing units per capita in history than there is today. Yet, real estate has never been been more expensive. It's a over-heated demand issue, not a supply issue. Population growth has been slowing down for decades, which means that the pace of new construction to support new households should not be expected to remain constant. BTW, real estate for most is not an investment: high overhead, no diversification, no dividend income, and illiquid.
Housing crisis, health crisis, cost of living crisis, debt crisis, inflation crisis, middle East crisis. How many crises can a koala bear? I'm approaching retirement with comfortable millions, yet scared of a market crisis and how to benefit from a possible correction. Where do I best grow my money?
This is the exact thought process of persons handling their portfolio themselves. I will advice you engage guidance to help you make smarter portfolio decisions.
My advisor helped me rebalance my $2m portfolio without triggering capital gains taxes by using tax-advantaged accounts and reallocating dividends and new contributions. They also recommended tax-loss harvesting and strategies to stay within my tax bracket. Thanks to their guidance, I maintained my desired asset allocation while minimizing taxes.
*Marissa Lynn Babula* is the advisr I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
It will be interesting to see can the Fed and the Congress moderate financial panics, bank runs, and moderate recessions and depressions. Can this be done without massive inflation is the question?
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said… I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly and all thanks to Shellane Maxwell for her guide
Money supply - not government spending. M2 has been targeted at 6% annually - this means real inflation is ~6% a year since the world population growth has halted.
Gold and silver is up 30 plus % it dose pay you , it’s real money recognized by the BIS and all federal government ,everyone should hold a portion of their wealth in the pet rock especially as the dollar is deflating ,would you rather hold a paper dollar that is worth about 3cents or a silver dollar worth 35ish dollars?
What a fantastic economy we have, the wealthiest only keep making more and more money and never lose money while the middle and lower class just keep getting poorer. It just doesn't get any better than this, guys. 😂
Ready for round 2? But he was deadly serious about cutting taxes, and his signature legislative achievement, the Tax Cuts and Jobs Act of 2017, gave corporations a 40 percent discount on their taxes. It also delivered one of the single largest tax cuts for the wealthy in U.S. history, with the richest 0.1 percent of Americans getting a tax cut that was 277 times larger than that of middle-class households. While the bill didn't live up to its promises of higher pay for workers and increased economic growth, it did line the pockets of shareholders and CEOs, and added $1.9 trillion to the deficit.
He said there is no way to have lowet interest rates without inflation going higher, yet we had no inflation with low interest rates for over 10 years since like 2012
the 10 year yield is going up not down. The FED really controls nothing. Be careful I think you are in the 98% population belief that things are okay. They are not okay. We will know soon enough... within 12 months 18 max. Be careful.
Has nothing to do with euphoria, but everything to do with the fact that the $ is being devalued at a massive pace. It is not so much that stocks are going up, but the $ going down.
Inflation was persistent in the 1970s because of high energy prices. we dont have the same contributing factors. I expect a crash, but it will be from deflation then later stagflation long TMF
Just like the government has to keep printing money to avoid collapse, they also need to support the financial markets as well. There will not be a "lost decade", just more of the same people getting poorer and others getting richer.
Yeah, did not prices double? So assets and dividends need to double just to maintain purchasing power without a required rate of return. Perhaps, fixed interest rates and high debt helped many investors.
11:40 I agree with him on that. The social media revolution is actually causing so much more global distress, it’s hard to watch things like democratic discourse become a thing of the past because of the “feed imperative” of engagement vs substance.
I think that was a good move... even if I have no idea where you expiration date is... I think all the autos are in so much trouble they are going to need another bailout. TSLA is not exempt. TSLA is just a meme stock so I would never try to short it. Even stupid people if there are enough of them can make a stock price go higher. Best of luck.
Yup - have always thought inflation is far from done. My reasoning is we have had decades of cheap money transferring wealth to asset owners - it will take years to work that out of the system.
It's coming. Trump will make it happen even faster. We still have to get more bulls on board and everyone to go max long, so the stock market can extract the max amount of pain and then another pound of flesh. We are not there yet... but we are gettting close.
its ironic that nvida was positioned for the Ai mania boom, becuase at the time it had the best discrete gpu's when AI research was hitting its strides. Now the perfomance on their discrete gpu's are becoming mediocre and over priced...some things never change.
The election and end-of-year market boost has me really pumped. If you had $100,000 right now, what hidden gems would you invest in forthcoming bull run? I’m aiming to set myself up for a strong financial year in 2025.
Index Funds & ETFs: 40-50%, Emerging Markets (e.g., VWO): 10-15%, Dividend Stocks: 10-20%, Growth Stocks/Small-Caps: 10-20%, REITs: 5-10% Remember to always work with a knowledgeable person in the financial market when starting out to avoid getting burnt.
@@BBmbr89 There are tons of benefits to having a financial advisor, but here’s one example: My advisor based a small part of my portfolio on Nancy Pelosi’s investments, which is completely legal. That portion has gone up 71% in just 16 months-take that info as you will.
Jennifer Leigh Hickman is the advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
This interview full of emotion... "nervous", "euphoria", "worry", "hype", etc. Pro traders don't think about things this way. We'll take our exits at the top as usual, and we'll be selling to the muppets, as usual. No emotion needed. Until then, dance while the music is playing.
We have just had the longest bull market in history. IMHO there is a great many Pro Traders who think they have skill but really it was just luck. We are about to see who was lucky and who has skill. I think 95% of all Pro Traders and Financial Advisors are about to lose their jobs. I would say they have 3 years left... max. Really my time line is we start the "second great infaltion" (the first was the period from 1968-1982) within the next 12 months but probably closer to 6 to 9. An overnight 25% crash in the tech stocks like NVDA or whatever would instantly throw us into the next event. Folks have no idea what that next event is becuase they don't study history. should the US Housing market start to decline in value (already happening in some markets), commerical real estate problems play out, the car market etc continue to erode folks are in trouble. Not just the average Joe but companies .... who are way over leveraged, have prices that are way too high, and expect a Govt to come in and bail them out (not gonna happen this time... someone is going to need to bail the Govt out). All this is extremly scary stuff. People are walking around like things are great. Things are not great. The only thing that is great is that the stock market continues to make all time highs. This is exactly when we need to be very careful not all in bulls. Just my opinon. What the hell do I know. Best of luck, stay safe. Enjoy what matters most, which is not anything tied to money.
Excuse me Bill, but I have to disagree. Homes are a depreciating asset! They are an expense. They will never appreciate in real terms over time without the addition of a buttload of money!
Same here, I believe the Bitcoin ETFs approval will be life changing opportunity for us, with my current portfolio of $108,000 from my investments with my personal financial advisor i totally agree with you
YES!!! That's exactly her name (Margaret Emily) so many people have recommended highly about her and am just starting with her, Kairangi from Brisbane Australia..🇦🇺
She is my family' personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.🇺🇸
Bull run until July 18 2025. Crash will begin by them until March 2026, following by a bouncy recovery. There is nothing to worry about it yet. Keep making money.
Goldman agrees, they're predicting 3% return for the S&P over the next decade. "The only way to do that was in oil and gas". Can't believe he missed gold. If you mention the 70s, there's no way to not mention gold.
Munger called bitcoin rat poison squared. He was completely out of touch with how the money supply works in 2024. The printer must continue, otherwise deflation.
Most of these boomer or gen x types come from a deep conviction that the global economy is based on Keynesian principles, which it no longer is. It’s entirely an economy based on debt, not capital.
I've never heard anyone point out that the Fed and those that feed off the Federal Reserve fiat monetary system (including Munger) are kind of rats. In that case, rat poison squared could turn out to be correct.
Houses built divided by total population is a poor metric when that population is aging. Try dividing by the population that is actually looking to buy a new house - ie that of 25 to 45 year olds forming families.
@david Lin can you bring on someone to do a masterclass on mlp's and mlp's mutal funds. i bought some in 2021 and i've consumed the content about them on youtube but most 5-12 years old. i need an advanced course lol
Bill has lots of history and data. Mentions many 10 yr periods prior to 2009 with little move up in stock markets so he says your never know in future 10 year periods. But since 2009 the government with massive money printing/creation. Add appears no end in sight for return to not printing so markets up and up until have total collapse when interest payments breaks everything. When is this 10 yrs or 20 yrs?
One thing i learned in investment is if eveyone says recession then recession won’t happen if eveyone says inflation is gone then inflation is not gone
@@ronm9428 The question of whether we are in or going to soon go in to a recession is moot in my mind. With high inflation and people that aren't already wealthy and who are low income know this isn't a healthy economy. Unaffordability of housing and rent and food isn't a healthy or normal thing in a good economy. And millions of Americans including myself are experiencing this.
Lin's hair is a monumental failure in this video! So bad. He made the mistake of combing and grooming too much. No rooster tail? No hair in his eye? I simply can't handle this situation. The only thing that assuages my feelings is the quality of his guest. Smead is so very knowledgeable.
He’s way wrong. He said increasing the supply is the only way to bring home prices down. That’s a lie. You can decrease demand. I know several 20-30 year olds that own multiple homes and rent them out. Many use cheap government financing with like super low down payments, live in it a year and rent a room out and then the next year get another super low down mortgage to get another house. What’s more is the story of the shoe shine boy talking stocks before the Great Depression. It’s like I know a few people that own multiple houses and rent them out and they like literally just started doing it a couple years ago. It’s like how airbnb people are struggling in some areas. It’s like maybe it’s great for some but ya gotta admit there seems to be like a lot of investors owning real estate that drove prices up.
Bill whom I’ve known a long time we are both 66. He’s become the old man who yells at you to get off his yard. He has missed this Market. It drives him crazy.
Try InVideo for free at invideo.io/i/DavidLin, use code DAVIDLIN50 to get 2x the video generation credits in your first month
Is this the final stage of market euphoria?
Subscribe to my free newsletter: davidlinreport.substack.com/
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Website: smeadcap.com/
Twitter (@SmeadCap): twitter.com/SmeadCap
*"how to own an entire Country in one simple step: call it a Democracy and have people believe that that is all their entire polity is"* long $unp Union Pacific Railroad strong buy 😊😊
And Boeing workers? Do you know how much the CEO of Boeing will make this year?
CPI is not inflation!
Tired of the "recession is coming!" threat. Recessive periods come along with equivalent market opportunities if you are well informed and equipped, I've seen folks amass wealth in the midst of economic turmoil and even pull it off easily in favorable conditions. Invariably, the collapse is getting somebody somewhere rich
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
Risk mitigation is indeed something to consider well before setting out on inveestments. Most often than not, CFAs take care of this perfectly. People downplay the role of CFAs until being burnt by their own instincts. I was in a similar situation a few years ago; Took my chances but stocks went crashing. Realizing I wasn't good at timing the market, I started working with an Adviser, which helped me build a $1.6m portfolio.
Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.
My CFA ’Annette Christine Conte’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing
Hands down, the best guest of the year for telling it like it is out there! Great interview David!
This guy is super smart! Please bring him back more often!
Why bro?
Great guest, solid logic and advice. Have him back often please
In the last time you had too many guests with „sensational“ themes who were not worth listening to. This time there is real insight and value. Thank you very much.
Superb historical perspective. Unparalleled
One of your better guests David. Thank you.
Smart guy, great historical knowledge & perspectives
With copytrading, you could be sipping coffee on a balcony overlooking a bustling city skyline or lounging on a pristine beach, all while your investments work for you. Picture the freedom to pursue your passions, travel the world, and create lasting memories with your loved ones, all because you took the initiative to harness the power of copytrading and build the life you've always dreamed of.
I'm celebrating a $60k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me just one of the things copy tradee can do.
Do you invest with a professional broker? I'd appreciate it if you show me how to go about it.
Can't share much here, I take guidance from ‘KATE ELIZABETH KURZ’ a renowned figure in her industry with over two decades of work experience. I'd suggest you research her further on the web.
SHE’S MOSTLY ON TELEGRAMS APPS WITH HER NAME.
kateelizabeth01 she’s verified
Another GREAT interview, David.
Always a great guest. You do a wonderful job
David excellent interview. Like others have said, he understands it. I hope can come back on too.
Loved this interview, great guest!
Thank you
I see the logic of buying into natural gas and oil stocks as they are undervalued now. Besides wherher they pay dividends or are underpriced, if a major extendef war in Middle East does break out which restricts supply of oil, does that mean that companies which primarily produce oil outside that regjon, are the stocks, whose share prices will see the best growth in value, rather than the global conpanies who are more restricted in their supply?
David , professor Steve H ( your frequent guest ) believes strongly that we are going to a severe deflationary period because we are way under 6 % golden rule of 6 % M2 ( money supply )... David , your respected guest has a complete different view . he believes strongly that we are entering an Inflationary period . so , who is right ??? I am confused now . are we going to inflationary period or deflationary ??? which ones ? please clarify
Nobody knows. Not David, not Steve H. Not this guy. Nobody. That's why investing is hard.
A voice of reason. Refreshing.
Excellent point about the soul of the company.
The only thing keeping prices from exploding is supply lines. If there's a conflict that restricts international, or even regional trade routes in the ocean, then people are going to start having a hard time affording food and clothing. People should start preparing now while clothes are still relatively inexpensive. A couple years ago, I could get pants for like $5-$10 if I needed something for cheap. Now it's $15-$20. Imagine what will happen to prices if we don't have access to cheap manufacturing in Asia. If you have a pair of pants, shoes, underwear, socks, or a shirt that you like. You should pre-buy as much as you can fit in your place to use for the next decade. If you don't, and you're not rich, you might end up having to decide between food and clothes for awhile.
Finally someone who gets it. Inflation is getting ready to surge again. I am not sure people will be able to handle that. Most people are more than maxed out they are going negative.
Great show as always. Any chance in the future you can get Ed Dowd. That would be à hit.
Bill Smead is on his game like few others.
i owned 20k of those T bill while i was in the navy that rolled over for seven years from 1981 to 1988. I loved the rate. i ended up with 5X over that period in interest and principal after taxes.
What a great time to be an investor,. Was much more stress free then,
Straightforward and w/o BS talk. Thanks
Paul tudor jones recommended commodities. I would have liked to see where he stood on this? What commodity index?
Inflation will be tame because no one is hiring. Salaries have sucked for too long, raises aren’t but enough, taxes are too high, and well paying jobs keep getting outsourced. Family formation? Young people can’t even find jobs
Not true, inflation is still going up , because of government spending of debit spending .
Agreed. Smead is pretty much a bund of useless narratives.
We never beat inflation to begin with. We are no where close to 0
Lol. Whole thing crashes at 0 or less inflation.
If the stock market goes sideways for 10 years , seems like a great time to dollar cost average and pile in while you can.
If you are younger than 40 absolutly if you are older than that.. not even going to beat inflation. But before we get to that sideways action... we have a massive crash, the worst in history. It will take years.
Finding out today that David Lin is younger than me is making me feel old and I'm not even 40:p Time flies. 2008 was when I first bought silver.
It's a interesting comment to say that there has never been a better time than the last fifteen years, but how much of that is predicated on the staggering increases in public and private debt? What do you say to the proposition that most of the wealth increases went to the top 1% (or top 10%) and meanwhile the middle class has been disenfranchised. It's more like a tale of two cities.
Why does Smead believe that new construction has not kept up with population growth? There has never been more housing units per capita in history than there is today. Yet, real estate has never been been more expensive. It's a over-heated demand issue, not a supply issue.
Population growth has been slowing down for decades, which means that the pace of new construction to support new households should not be expected to remain constant.
BTW, real estate for most is not an investment: high overhead, no diversification, no dividend income, and illiquid.
17:00 Sherman Act, monopoly, politics 28:20 nuclear, natural gas 41:30 signs of mkt tops, empire state 44:25 merck
Housing crisis, health crisis, cost of living crisis, debt crisis, inflation crisis, middle East crisis. How many crises can a koala bear? I'm approaching retirement with comfortable millions, yet scared of a market crisis and how to benefit from a possible correction. Where do I best grow my money?
This is the exact thought process of persons handling their portfolio themselves. I will advice you engage guidance to help you make smarter portfolio decisions.
My advisor helped me rebalance my $2m portfolio without triggering capital gains taxes by using tax-advantaged accounts and reallocating dividends and new contributions. They also recommended tax-loss harvesting and strategies to stay within my tax bracket. Thanks to their guidance, I maintained my desired asset allocation while minimizing taxes.
I'm worried about my retirement portfolio and could use some guidance. How can I get in touch with your advisor?
*Marissa Lynn Babula* is the advisr I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
It will be interesting to see can the Fed and the Congress moderate financial panics, bank runs, and moderate recessions and depressions. Can this be done without massive inflation is the question?
Gordon Gekko’s Rule #1 - NEVER get emotional about stock
Paul tudor jones just spoke of inflation coming today on cnbc. Listening with that in mind. Smart guys
He graduated from high school in Memphis Tn. Let that sink in.
@bigbass255 😂😂 not a good sign
I could not agree more with Bill re COST. Really a pe of 50 vs NVDA forward pe of 32?
I sold NVDA early… ugh! Had it at $42 and AMD at $6. Thought a 400% increase was good 🤦🏼♀️
Still a great return. I wouldn’t sweat it too hard. Great job actually!
The roads of the stock market are paved with would've could've and should've
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said… I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly and all thanks to Shellane Maxwell for her guide
I want to start too but i don't know how..
Can't share much here, I take guidance from ‘Shellane Maxwell’ a renowned figure in her industry with over two decades of work experience.
SHE’S MOSTLY ON TELEGRAMS WITH THE NAME
@shellanemaxwell
Stocks only go up so long as the government spends and spends and spends.
Correct, in other words you can say adjusted for debasement of the US dollar the s&p hasn’t moved
@@Friendlyman2030 EXACTLY! I keep shouting this at the bears, they just will not listen.
Money supply - not government spending. M2 has been targeted at 6% annually - this means real inflation is ~6% a year since the world population growth has halted.
@eds.4203 the bears have since moved on to comoditys
This is true in US, but how many S&P500 companies profits are coming outside US?
Gold and silver is up 30 plus % it dose pay you , it’s real money recognized by the BIS and all federal government ,everyone should hold a portion of their wealth in the pet rock especially as the dollar is deflating ,would you rather hold a paper dollar that is worth about 3cents or a silver dollar worth 35ish dollars?
Of course not. Gold is worth $470 not $2700. What used to cost you $470 now cost you $2700. If the dollar goes to zero... so does your gold.
Thanks. Now I can't unsee the raisin turd. 😮
💩 raisins
Hahahah well just think pretty soon when we enter a hyperinflationary depression, you won't even be able to afford raisins.
All sage advice, but we have been hearing of a blow-off top coming for 5-years now. Glad I stayed put.
And you'll be hearing it for the next five years
What a fantastic economy we have, the wealthiest only keep making more and more money and never lose money while the middle and lower class just keep getting poorer. It just doesn't get any better than this, guys. 😂
Can't blame the longshoremen going after their share.
Ready for round 2? But he was deadly serious about cutting taxes, and his signature legislative achievement, the Tax Cuts and Jobs Act of 2017, gave corporations a 40 percent discount on their taxes. It also delivered one of the single largest tax cuts for the wealthy in U.S. history, with the richest 0.1 percent of Americans getting a tax cut that was 277 times larger than that of middle-class households. While the bill didn't live up to its promises of higher pay for workers and increased economic growth, it did line the pockets of shareholders and CEOs, and added $1.9 trillion to the deficit.
He said there is no way to have lowet interest rates without inflation going higher, yet we had no inflation with low interest rates for over 10 years since like 2012
the 10 year yield is going up not down. The FED really controls nothing. Be careful I think you are in the 98% population belief that things are okay. They are not okay. We will know soon enough... within 12 months 18 max. Be careful.
If a person is an investor I think they have to like the companies that they invest in. If they are a trader, not so much.
Has nothing to do with euphoria, but everything to do with the fact that the $ is being devalued at a massive pace. It is not so much that stocks are going up, but the $ going down.
Yes very few people actually zero in on this. Inflated assets are really devalued currency more than anything.
I about lost my breakfast at the 9 minute mark.. that was super original if nothing else.. lmao
Inflation was persistent in the 1970s because of high energy prices. we dont have the same contributing factors. I expect a crash, but it will be from deflation then later stagflation long TMF
Great interview
Just like the government has to keep printing money to avoid collapse, they also need to support the financial markets as well. There will not be a "lost decade", just more of the same people getting poorer and others getting richer.
Last time that happen it was in France and lets just say it didn't end well
Yeah, did not prices double? So assets and dividends need to double just to maintain purchasing power without a required rate of return. Perhaps, fixed interest rates and high debt helped many investors.
11:40 I agree with him on that. The social media revolution is actually causing so much more global distress, it’s hard to watch things like democratic discourse become a thing of the past because of the “feed imperative” of engagement vs substance.
can some one here help me with the name of ETF ticket symbols of uranium ETF .....thanks in advance
Ura
@@vincentvanloocke thanks bro !
Thank you Sirs.💥👍
Loaded on GM puts today - see what happens - I believe the Option premium was worth the price
I think that was a good move... even if I have no idea where you expiration date is... I think all the autos are in so much trouble they are going to need another bailout. TSLA is not exempt. TSLA is just a meme stock so I would never try to short it. Even stupid people if there are enough of them can make a stock price go higher. Best of luck.
Meanwhile, Gareth Soloway is in his Second year of shorting the market! lol
Chris Vermeulen too ... who is also waiting for Gold $ 1600
Oh come on - he’s usually very accurate - was right on the Bitcoin drop several years ago
Even David like whoa on this one 🤯
Great guest.
People just want, they don't want to sacrifice anything to get it.
Yup - have always thought inflation is far from done. My reasoning is we have had decades of cheap money transferring wealth to asset owners - it will take years to work that out of the system.
I think I’m in loves with this guy genius
this man is a total genius!
Last year the experts were saying we likely will see stagflation and a lost decade because Powell will have to go Volcker mode to tame inflation
It's coming. Trump will make it happen even faster. We still have to get more bulls on board and everyone to go max long, so the stock market can extract the max amount of pain and then another pound of flesh. We are not there yet... but we are gettting close.
Glad to see these union members getting 50% + pay raises, and our military members and disabled veterans getting around 2%
its ironic that nvida was positioned for the Ai mania boom, becuase at the time it had the best discrete gpu's when AI research was hitting its strides. Now the perfomance on their discrete gpu's are becoming mediocre and over priced...some things never change.
The election and end-of-year market boost has me really pumped. If you had $100,000 right now, what hidden gems would you invest in forthcoming bull run? I’m aiming to set myself up for a strong financial year in 2025.
Bitcoin through 2025, then high yield ETFs through the bear market 26’-27’ that's my plan.
Index Funds & ETFs: 40-50%, Emerging Markets (e.g., VWO): 10-15%, Dividend Stocks: 10-20%, Growth Stocks/Small-Caps: 10-20%, REITs: 5-10%
Remember to always work with a knowledgeable person in the financial market when starting out to avoid getting burnt.
@@BBmbr89 There are tons of benefits to having a financial advisor, but here’s one example: My advisor based a small part of my portfolio on Nancy Pelosi’s investments, which is completely legal. That portion has gone up 71% in just 16 months-take that info as you will.
Your advisor must be really good. How I can get in touch? My portfolio's decline in this quarter is a concern, and I could use some guidance.
Jennifer Leigh Hickman is the advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
When you're fishing it's important to make sure you're cheesecake doesn't burn.
Does that make sense to you? If so, you'll love this interview.
"my teeth were kicked so far to the back of my head "...😂😂😂🎉🎉🎉
This interview full of emotion... "nervous", "euphoria", "worry", "hype", etc. Pro traders don't think about things this way. We'll take our exits at the top as usual, and we'll be selling to the muppets, as usual. No emotion needed. Until then, dance while the music is playing.
make hay while the suns shining, big upsurge tomorrow
We have just had the longest bull market in history. IMHO there is a great many Pro Traders who think they have skill but really it was just luck. We are about to see who was lucky and who has skill. I think 95% of all Pro Traders and Financial Advisors are about to lose their jobs. I would say they have 3 years left... max. Really my time line is we start the "second great infaltion" (the first was the period from 1968-1982) within the next 12 months but probably closer to 6 to 9. An overnight 25% crash in the tech stocks like NVDA or whatever would instantly throw us into the next event. Folks have no idea what that next event is becuase they don't study history. should the US Housing market start to decline in value (already happening in some markets), commerical real estate problems play out, the car market etc continue to erode folks are in trouble. Not just the average Joe but companies .... who are way over leveraged, have prices that are way too high, and expect a Govt to come in and bail them out (not gonna happen this time... someone is going to need to bail the Govt out). All this is extremly scary stuff. People are walking around like things are great. Things are not great. The only thing that is great is that the stock market continues to make all time highs. This is exactly when we need to be very careful not all in bulls. Just my opinon. What the hell do I know. Best of luck, stay safe. Enjoy what matters most, which is not anything tied to money.
thanks Guys
Thanks
Excellent interview & guest!
Just step back and look at US economic results vs China and Russia and Europe. The US is the only place to invest, period.
The union wages don't matter. Unions are no longer consequential for the economy with most of the country working for Walmart.
please have him on more.
Iv seen that, lot of mc mantions up near toronto being built.
Excuse me Bill, but I have to disagree. Homes are a depreciating asset! They are an expense. They will never appreciate in real terms over time without the addition of a buttload of money!
Houses are an extremely expensive way to build equity. People always ignore the ongoing expenses
This guy is crazy, houses are becoming pretty big risk assets depending on where you live.
the homeowners asset doesn't appreciate the land it's built on does.
19:43 missed opportunity to say "So far in that I had to replace my toilet paper with a toothbrush". Just saying.
I'm favored financially,, with Bitcoin ETFs approval, Thank you buddy.$38,000 weekly profit regardless of how bad it gets on the economy….
Same here, I believe the Bitcoin ETFs approval will be life changing opportunity for us, with my current portfolio of $108,000 from my investments with my personal financial advisor i totally agree with you
YES!!! That's exactly her name (Margaret Emily) so many people have recommended highly about her and am just starting with her, Kairangi from Brisbane Australia..🇦🇺
people are ignorant of profitability in bitcoin investment and that has been the major issues limiting their investment
She is my family' personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.🇺🇸
@@fashionlooveur76 This sounds so good and I would like to be a party to this, is there any way I can speak with her?
Bull run until July 18 2025.
Crash will begin by them until March 2026, following by a bouncy recovery.
There is nothing to worry about it yet. Keep making money.
But a 4% return will not beat inflation.
when you mix raisins with turds you end up with turds.🤔🤔🤔
Goldman agrees, they're predicting 3% return for the S&P over the next decade. "The only way to do that was in oil and gas". Can't believe he missed gold. If you mention the 70s, there's no way to not mention gold.
Gold is priced in dollars. The dollar is dying. Gold is not it.
Munger called bitcoin rat poison squared. He was completely out of touch with how the money supply works in 2024. The printer must continue, otherwise deflation.
Most of these boomer or gen x types come from a deep conviction that the global economy is based on Keynesian principles, which it no longer is. It’s entirely an economy based on debt, not capital.
I've never heard anyone point out that the Fed and those that feed off the Federal Reserve fiat monetary system (including Munger) are kind of rats. In that case, rat poison squared could turn out to be correct.
Munger was the stereotype OLD dude who was scared of technology
Houses built divided by total population is a poor metric when that population is aging. Try dividing by the population that is actually looking to buy a new house - ie that of 25 to 45 year olds forming families.
David why do you keep saying the CBO projects debt to gdp to be 122% by 2034?
It’s 122% right now this very second.
@david Lin can you bring on someone to do a masterclass on mlp's and mlp's mutal funds. i bought some in 2021 and i've consumed the content about them on youtube but most 5-12 years old. i need an advanced course lol
Tone, intonation, a bit of stammer and whining - I had to look twice to make sure it wasn’t Professor Hanke - anyway smart guest
Bill has lots of history and data. Mentions many 10 yr periods prior to 2009 with little move up in stock markets so he says your never know in future 10 year periods. But since 2009 the government with massive money printing/creation. Add appears no end in sight for return to not printing so markets up and up until have total collapse when interest payments breaks everything. When is this 10 yrs or 20 yrs?
He doesn't even mention solar energy! USA hasn't even BEGUN to tap it.
One thing i learned in investment is if eveyone says recession then recession won’t happen if eveyone says inflation is gone then inflation is not gone
It's called being a Contrarion.
I'm noticing the ones screaming recession are getting fewer...
@@ronm9428 The question of whether we are in or going to soon go in to a recession is moot in my mind. With high inflation and people that aren't already wealthy and who are low income know this isn't a healthy economy. Unaffordability of housing and rent and food isn't a healthy or normal thing in a good economy. And millions of Americans including myself are experiencing this.
you guys are saying this for the last 6 years or something
Lin's hair is a monumental failure in this video! So bad. He made the mistake of combing and grooming too much. No rooster tail? No hair in his eye? I simply can't handle this situation. The only thing that assuages my feelings is the quality of his guest. Smead is so very knowledgeable.
The DAX 40 🇩🇪 is dirt cheap 🤓
Buy envx...batteries
He’s way wrong. He said increasing the supply is the only way to bring home prices down. That’s a lie. You can decrease demand. I know several 20-30 year olds that own multiple homes and rent them out. Many use cheap government financing with like super low down payments, live in it a year and rent a room out and then the next year get another super low down mortgage to get another house.
What’s more is the story of the shoe shine boy talking stocks before the Great Depression. It’s like I know a few people that own multiple houses and rent them out and they like literally just started doing it a couple years ago. It’s like how airbnb people are struggling in some areas. It’s like maybe it’s great for some but ya gotta admit there seems to be like a lot of investors owning real estate that drove prices up.
Like wow
Bill whom I’ve known a long time we are both 66. He’s become the old man who yells at you to get off his yard. He has missed this Market. It drives him crazy.