Adam, further thoughts on content. Could you get someone on to talk through stop loss and limit orders. I haven't found a way for this to work for me, I wonder whether it's rigged for insiders....for example if you set a stop loss at 10, it often drops to 6 before the sale is triggered. So basically I'm saying how can retail investors not get left out in the cold.
Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them. People prefer to spend money on liabilities, Rather than investing in assets and be very profitable
You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires
You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires
*I really appreciate your clear and simple breakdown on financial pitfalls! I lost so much money on stook market but now making around $18k to $21k every week trading different stocks and cryptos*
Adam I love how you are always taking your audience along by clarifying points with your guests to whom those things might be obvious. Thank you great session
At this point of market valuations and after the monumental run-up we’ve seen, IMO if you don’t have your dry powder ready in a big way, you are gambling heavy. I’ve booked profits and have some nat gas and oil stocks still in the game, but I’ve learned from previous downturns about not having cash ready to deploy. I might miss out on some up-side in the market if things continue but I sleep better knowing I won’t lose my shirt and I’m still making about 4.5 percent in the money market at the moment. As many have said before, it’s all about risk tolerance and I’m more a conservative in many ways. The next 3-6 months should be very interesting. Thanks to Adam and Jan for their time and efforts in bringing us this interview.
If he had spent some time on it over recent months, maybe his viewers would have actually made some money. Instead of being constantly scared by 'fearful money'
Fantastic discussion Excellent analysis from Jan Thank you Sir Thank you to Mike and John too I always love listening to you Adam Merry Christmas to you all ! Thank You Gentlemen
He scoffed at the idea of a 25% correction and sees a 10% correction max. He also doesn't believe Bitcoin is in a bubble and isn't scared to invest in India now, after a gargantuan rally that resembles the one the US had in the 1920's. Basically, he believes it IS all different this time. and to be honest, it probably is at this point. Even though it's never been different before. I really don't envy conservative, history-minded money managers like Mike and John at a time like this! No one will ever accuse them of not having convictions.
He also thinks A.I. gains will spread across the market. What gains... there are no gains apart from selling chips & infrastructure . AI itself doesn't really produce much if anything. China is probably only nation which uses AI for something productive.
The Whole "DOGE" thing sounds like a meaningless marketing exercise. I'm not sure why so many "experts" don't seem to see the obvious. Musk is an extremely successful salesman, he's not a process optimizer.
@@honestyfirst3994 AND a huge conflict of interest with Tesla too. I've never had such mixed feelings for a high-profile individual as I have for Elon Musk (and I have A LOT of mixed feelings about Trump, who I will never regret voting for three times!)
Intellectual property, what we used to call Goodwill 😎😉 39:49 AOL Time Warner, $54bn writedown, just sayin. Great when the stocks rising, when it turns will force a recalc of the goodwill, which should be discounted probably 75%. So on goodwill alone the S&P should drop 40%. Given some overshooting, 50-60% off seems reasonable.
We will have inflation and high for longer…. We will cut spending and employment is strong…. We are over valued but stay with stocks not long bonds, the crypto bubble will go way up, but it can go down 25 to 50 percent easily…..😊 got it!!!
Very interesting analysis on markets in general. I disagree with Jan on investing anything at Bitcoin, and also wouldn't bet on inflation coming back, but rather think bonds are good investment currently. Granted that my bond portfolio is only around 20% US. Also, a great point on MSCI world indexes - they *ARE* broken…. Expensive US way overweight on World indexes. MSCI also reduced China on their EM ASIA index exactly when China was at its cheapest this year, China up 30%+ since then. Luckily I invested most directly at China index… and recently a bit on Korea index (which is at its cheapest now AND meanwhile having its smallest allocation in recent histoy in EM Asia Index).
@@dudewheresmyguitar21 Yes if you want to sell them. I was talking about buying now... I can't afford to invest all my money on stocks and then watch them crash for several years, so happy to put some money in bonds for some gain & safety.
Reserve currency status means American deficits = growth (domestic and global). Stop spending and see how fast things unravel. The solution is to run it hot, negotiate Plaza Accord 2.0, and work with the world to grow our way out (perhaps by bringing a billion people in the global south or impoverished west into the global middle class). If we can't find a new source of massive growth, the crash is inevitable and austerity simply brings it forward in time.
I would like to ask your guest if he had created a China etf or would like to recommend one for a buy-and-hold investor? I think China's future is bright and will be wise for one to invest in.
China is stimulating because it sees global growth slowing, and in particular they are seeing the US slipping into recession. This is the same play that they made in 2008 when they turned on stimulus when US demand for chinese exports was collapsing
yup, the odds of seeing a new nuclear plant about the same as seeing a new oil refinery. Zero. I'm amazed that we actually have had a few LNG plants come on stream in the last decade.
The first new nuclear plant in the U.S. opened in two phases in 2023 & 2024. It was years behind schedule and billions over budget. Some things never change. And small nuclear seems wildly over hyped, every project is …… drum roll ……. Behind schedule and over budget.
@ thanks for that info, I was not aware. I find the miniaturization hype comical. We have had miniature reactors in nuclear subs for 60 years! A colleague pointed out that small land based reactors might make a convenient dirty bomb. 😂
@@MorganBrown @MorganBrown yeah it's counter-intuitive but what takes so long is the red tape and permitting. 4-5 years of just permitting and planning.
Everyone expects that $7 trillion on the sidelines to flow into the market. But what if those now up in the market, take their profits off the table and also sit on the sidelines? Everyday the layoffs pile up. NO, wages have not kept up for Main St. America.
At this point it actually feels like the appropriate way to “get long” this market is with longer dated call options where time is on your side and thus theta decay isn’t bad. Reduce capital exposure with some leverage and then at least it we do get a correction, then you’ll have more powder available and take smaller losses. Plus it’s also still a viable source of tax loss.
Demographically, India is a sure thing. But I would personally have to wait until after they get their first Western-style credit bust. I refuse to believe that they have perfected banking, credit, greed and markets and won't live the same "growing pains" the US markets did in the thirties, to at least some large degree.
Wages are kept high,because small businesses has to keep up with Government job pay scales to retain staff. Not exactly fair when Government doesn't have to make a profit.
Interesting to me when these financial guys comment about the cost of Social Security and Medicare in relation to ways to cut the deficit. Why do these financial pinheads never mention the defense budget as a way to cut with all its waste & unaccounted costs as well as the fact that our defense budget is bigger than the next 10 nations combined.
I could only take about 9 minutes of this. What should you expect from someone like this - HE'S GONNA SELL HIS WALLET. Everything this guys says, he's selling his financial and political positions. This country has big deficits because the wealthy don't pay their share. He's so sanguine. LOOK, STOCK VALUATIONS ARE THE HIGHEST EVER RECORDED - MOST EVERYONE SHOULD BE ON THE SIDELINES WAITING, PULLING THEIR MONEY OUT OF RISK - AND WE GOT THIS GUY SAYING IT MIGHT RAIN - WHAT GREAT ADVICE.
Jan doesn't seem to be taking the tone and structural nature of the proposed cuts and deportation quite seriously enough at a time of capital investment contraction already trending.
His comment about India being independent of the US economy is simply not true. India's growth is being driven by US companies outsourcing labor to India in GBS and GCC projects. US companies are now looking to automate all of that work and that will cause extreme pain for the Indian economy. Think about call centers and IT desks that have moved to India in the last 5-10 years, these will all be re-shored and automated over the next 10 years. So I actually believe automation in US companies is going to cause the Indian economy to stagnate between now and 2030. I would not be investing there.
Jan is an excellent guest. World experience. Incredible knowledge. I believe nuclear will be driven by small nuclear reactors. Much shorter time to complete and make operational.
Adam was stunned at the potential Bitcoin price. I'm not sure why people can't get their head around Bitcoin. We are at the crossroads of a failing monetary system. Bitcoin is giving people a choice to opt into a system, which is counter to the current system. Not only that, Bitcoin is scarce, immutable, transportable, and ready for the new age of AI and technology. Great presentation Jan.
Bitcoin is not a medium of exchange or a store of value. Therefore, it can never be a replacement currency. It's a massively risky speculative asset, that's it!
I found Van Eck disappointing. He started by shilling for Trump (ok, whatever). But I found his take on "AI" very "finance guy" and not "tech guy". Let's take his Salesforce example. Salesforce is presumably cannibalizing its user data and creating some type of AI model. Assume that their customers don't revolt and are willing to be upsold by this AI product. They are paying more to get more sales. Presumably the AI tool would give the salesforce customers more leads. But what happens when EVERYONE IS SELLING TO "MORE" LEADS? Will this trickle down to more revenue to the salesforce customers? In the long run, salesforce AI doesn't create more potential sales targets. Van Eck's "AI trickle down" is going to be a bust. And it's comical that Van Eck seems to conflate the much larger trends of automation with "AI" and TO THE MOON growth in NVDA and server farms. An oil company would benefit from automation technology to streamline field management. You can call this "AI" if you like, but why would oil company automation technology justify a giant server farm? It wouldn't.
Rich people don't care about 30% more for groceries. The rest of us are still outraged when we go through the checkout. Concern about inflation is still there, the current price jump that isn't going back down. Wait until the second spike happens.
Significant reduction of regulations will free up the economy, encourage business formation. Could be far greater impact than just the government cost cutting
His opinion, though right, is and has been UN-reasonable. The US has gone through a recession every 7-8 years and we're now overdue by a factor of 2. Longest run of American "prosperity" on record. The gamblers won this game of chicken big time and the history followers got head-faked and handed a bag of coal by the central banks (to put it kindly).
According to the guest, holding or even buying bitcoin at the all time level is good because it can go to $150K to $160K by the end of 2025 or early 2026. But, holding or even buying SPY is not so good because it's at all time high?
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Adam, further thoughts on content. Could you get someone on to talk through stop loss and limit orders. I haven't found a way for this to work for me, I wonder whether it's rigged for insiders....for example if you set a stop loss at 10, it often drops to 6 before the sale is triggered. So basically I'm saying how can retail investors not get left out in the cold.
Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them. People prefer to spend money on liabilities, Rather than investing in assets and be very profitable
You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires
You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires
*I really appreciate your clear and simple breakdown on financial pitfalls! I lost so much money on stook market but now making around $18k to $21k every week trading different stocks and cryptos*
Hello how do you make such??? I'm a born Christian and sometimes I feel so down 🤦♀️of myself because of low finance but I still believe in God
I'm guided by Josh Olfert. A widely known consultant
Always appreciate Jan as a guest. The opinion of someone overseeing a firm that has an ACTUAL $70B AUM is always valuable. Thanks Jan and Adam.
I think it’s like 120 billion
@@bigvic950I did make a purchase last week, they must had added an extra couple of zeros!
Bring Jan back in Jan?
Jan Van Eck is one of my favorite guests that you have on the show. Please have him on regularly. He is great!! Thank you.
Jan is one of my most favorite guests
He is the best! His communication is crystal clear, he has slides, doesnt over complicate things.
Adam I love how you are always taking your audience along by clarifying points with your guests to whom those things might be obvious. Thank you great session
Yes..this is excellent 👌🏻
Jan is just right to the point. Excellent
Love this guy. Top 3 guests.
I really like this guest. He clarifies complex information into a form that the average investor can understand.
I watch a number of these financial podcasts, and this one is by far the best. Great job Adam.
At this point of market valuations and after the monumental run-up we’ve seen, IMO if you don’t have your dry powder ready in a big way, you are gambling heavy. I’ve booked profits and have some nat gas and oil stocks still in the game, but I’ve learned from previous downturns about not having cash ready to deploy. I might miss out on some up-side in the market if things continue but I sleep better knowing I won’t lose my shirt and I’m still making about 4.5 percent in the money market at the moment. As many have said before, it’s all about risk tolerance and I’m more a conservative in many ways. The next 3-6 months should be very interesting. Thanks to Adam and Jan for their time and efforts in bringing us this interview.
Buy the crashes not the dips
Absolutely enjoyed Jan’s session. Loved to see him back.
Great deal of wisdom in one hour 👍
Thank you Adam, and thank you for not spending energy on bitcoin.
Not everyone can be saved.
If he had spent some time on it over recent months, maybe his viewers would have actually made some money.
Instead of being constantly scared by 'fearful money'
Fantastic discussion
Excellent analysis from Jan
Thank you Sir
Thank you to Mike and John too
I always love listening to you Adam
Merry Christmas to you all !
Thank You Gentlemen
Jan is an awesome guest, very informative!
Glad you enjoyed it!
Thanks, Adam.
Great, great interview with Yan. He provided so much great info! Thank you!!
After seeing Elon Musk's masterful purchase of Twitter, I am assured.
🤣
Not sure how i missed Jan's last two visits with you. Shame on me! Really enjoyed this video. Thanks to both
Glad you enjoyed it
Another great interview. Thanks!
Amazing interview! What a great guest!
The future is uncertain...imagine that!
Excellent information!
Glad it was helpful!
Thank you Adam
He scoffed at the idea of a 25% correction and sees a 10% correction max. He also doesn't believe Bitcoin is in a bubble and isn't scared to invest in India now, after a gargantuan rally that resembles the one the US had in the 1920's. Basically, he believes it IS all different this time. and to be honest, it probably is at this point. Even though it's never been different before. I really don't envy conservative, history-minded money managers like Mike and John at a time like this! No one will ever accuse them of not having convictions.
He also thinks A.I. gains will spread across the market. What gains... there are no gains apart from selling chips & infrastructure . AI itself doesn't really produce much if anything.
China is probably only nation which uses AI for something productive.
The Whole "DOGE" thing sounds like a meaningless marketing exercise. I'm not sure why so many "experts" don't seem to see the obvious. Musk is an extremely successful salesman, he's not a process optimizer.
Musk has a conflict of Interest with MIC, he should be disqualify and if honest to disqualify himself from DOGE.
@@honestyfirst3994 AND a huge conflict of interest with Tesla too. I've never had such mixed feelings for a high-profile individual as I have for Elon Musk (and I have A LOT of mixed feelings about Trump, who I will never regret voting for three times!)
Listen to Ron Paul and he thinks they will quickly get stopped by the powerful interest groups.
Intellectual property, what we used to call Goodwill 😎😉 39:49 AOL Time Warner, $54bn writedown, just sayin. Great when the stocks rising, when it turns will force a recalc of the goodwill, which should be discounted probably 75%. So on goodwill alone the S&P should drop 40%. Given some overshooting, 50-60% off seems reasonable.
That even reaches to seeds - not allowing farmers to save their own seed. It's nuts.
I’m all cash rn, but still riding the market up by selling puts on earnings. Up 10% in the last month. This market is stupid.
LIKED!! 😊👍
INDIAN NUMBER 1.
We will have inflation and high for longer…. We will cut spending and employment is strong…. We are over valued but stay with stocks not long bonds, the crypto bubble will go way up, but it can go down 25 to 50 percent easily…..😊 got it!!!
Thankyou !
Very interesting analysis on markets in general.
I disagree with Jan on investing anything at Bitcoin, and also wouldn't bet on inflation coming back, but rather think bonds are good investment currently. Granted that my bond portfolio is only around 20% US. Also, a great point on MSCI world indexes - they *ARE* broken….
Expensive US way overweight on World indexes. MSCI also reduced China on their EM ASIA index exactly when China was at its cheapest this year, China up 30%+ since then. Luckily I invested most directly at China index… and recently a bit on Korea index (which is at its cheapest now AND meanwhile having its smallest allocation in recent histoy in EM Asia Index).
Bonds have been horrible and i dont see any reason why they will stop being horrible
@@dudewheresmyguitar21 Higher interest rates give better deals when buying bonds.
@@thetjt if youve held them the last 2 years waiting for lower rates so your bonds can appreciate in price the last thing you want now is higher rates
@@dudewheresmyguitar21 Yes if you want to sell them. I was talking about buying now... I can't afford to invest all my money on stocks and then watch them crash for several years, so happy to put some money in bonds for some gain & safety.
exactly, Adam. At the margin, and given high valuations, the impulse is very negative.
Reserve currency status means American deficits = growth (domestic and global).
Stop spending and see how fast things unravel.
The solution is to run it hot, negotiate Plaza Accord 2.0, and work with the world to grow our way out (perhaps by bringing a billion people in the global south or impoverished west into the global middle class). If we can't find a new source of massive growth, the crash is inevitable and austerity simply brings it forward in time.
It’s definitely a risky jurisdiction, but you should check out Brazil with the new port and railroad, which will open them up to Chinese markets.
I would like to ask your guest if he had created a China etf or would like to recommend one for a buy-and-hold investor? I think China's future is bright and will be wise for one to invest in.
Jan can talk for an hour about inflation coming back, yet 1 day ago you released lances answer to inflation coming back which was “it cant”
When was the last time the SPX traded at the 200 day moving average?
Adam can you make a video about the sudden booms in quantum computing stocks like QBTS and QUBT?
Great. But happy Christmas - not happy holidays please.
Agreed, I hate the term happy holidays. Although in European traditions Yule is also ok, it was the whole season of Christmas.
China is stimulating because it sees global growth slowing, and in particular they are seeing the US slipping into recession. This is the same play that they made in 2008 when they turned on stimulus when US demand for chinese exports was collapsing
Great discussion, only comment I have is the 5-6 years to make a nuclear facility. Not a chance in hell. 10 years at least.
yup, the odds of seeing a new nuclear plant about the same as seeing a new oil refinery. Zero. I'm amazed that we actually have had a few LNG plants come on stream in the last decade.
The first new nuclear plant in the U.S. opened in two phases in 2023 & 2024. It was years behind schedule and billions over budget. Some things never change. And small nuclear seems wildly over hyped, every project is …… drum roll ……. Behind schedule and over budget.
@ thanks for that info, I was not aware. I find the miniaturization hype comical. We have had miniature reactors in nuclear subs for 60 years! A colleague pointed out that small land based reactors might make a convenient dirty bomb. 😂
@@MorganBrown @MorganBrown yeah it's counter-intuitive but what takes so long is the red tape and permitting. 4-5 years of just permitting and planning.
Everyone expects that $7 trillion on the sidelines to flow into the market. But what if those now up in the market, take their profits off the table and also sit on the sidelines? Everyday the layoffs pile up. NO, wages have not kept up for Main St. America.
Why would money come off the sidelines to get some 40 PE apple stock, it's not happening assuming it's smart money like Buffett's $325 billion
Mark my word, Trump and Musk won't reduce the deficit by a penny. They dump all the "savings" on their cronies.
Yep. I suspect they will make a lot of noise and make some trims, to save face but ultimately they gravy train will continue.
Easy to recognize the bottom. difficult at the top. Each of us knows when to start. Nobody knows when to stop. 😱😱😱😱
Get the likes up people!
I'd have to say this guy needs to debate Danielle dimartino booth in saying that the markets are hot or the economy is hot
"All credible sources say DOGE will do very little."
Immediately, you should think, DOGE is going to do a good amount of cutting.
lol
At this point it actually feels like the appropriate way to “get long” this market is with longer dated call options where time is on your side and thus theta decay isn’t bad. Reduce capital exposure with some leverage and then at least it we do get a correction, then you’ll have more powder available and take smaller losses. Plus it’s also still a viable source of tax loss.
That sounds like a way to throw your money away for no reason
@@gentronsevendepends if you’re investing or speculating
If you are interested in investing in India, besides $INDA etc, $INCO outperforms.
Demographically, India is a sure thing. But I would personally have to wait until after they get their first Western-style credit bust. I refuse to believe that they have perfected banking, credit, greed and markets and won't live the same "growing pains" the US markets did in the thirties, to at least some large degree.
Wages are kept high,because small businesses has to keep up with Government job pay scales to retain staff. Not exactly fair when Government doesn't have to make a profit.
Interesting to me when these financial guys comment about the cost of Social Security and Medicare in relation to ways to cut the deficit. Why do these financial pinheads never mention the defense budget as a way to cut with all its waste & unaccounted costs as well as the fact that our defense budget is bigger than the next 10 nations combined.
Why is service inflation continually going up when low wage workers are in abundance through immigration??
Yaaaa boy.
Workers? Adam still not done his homework.
Remember why Granny reused her aluminum foil. Always buy the heavy duty stuff.
Cut California minimum wage to $15 per hour. Wages will drop by 3%.
I could only take about 9 minutes of this. What should you expect from someone like this - HE'S GONNA SELL HIS WALLET. Everything this guys says, he's selling his financial and political positions. This country has big deficits because the wealthy don't pay their share. He's so sanguine. LOOK, STOCK VALUATIONS ARE THE HIGHEST EVER RECORDED - MOST EVERYONE SHOULD BE ON THE SIDELINES WAITING, PULLING THEIR MONEY OUT OF RISK - AND WE GOT THIS GUY SAYING IT MIGHT RAIN - WHAT GREAT ADVICE.
Every money manager comes on and says to keep giving them money
Unemployment rising, he had to cut
Jan doesn't seem to be taking the tone and structural nature of the proposed cuts and deportation quite seriously enough at a time of capital investment contraction already trending.
Any concerns of the government stealing Chinese stocks?
His comment about India being independent of the US economy is simply not true. India's growth is being driven by US companies outsourcing labor to India in GBS and GCC projects. US companies are now looking to automate all of that work and that will cause extreme pain for the Indian economy. Think about call centers and IT desks that have moved to India in the last 5-10 years, these will all be re-shored and automated over the next 10 years. So I actually believe automation in US companies is going to cause the Indian economy to stagnate between now and 2030. I would not be investing there.
Cost of goods is lower now than it was in 2021?????
Jan is an excellent guest. World experience. Incredible knowledge. I believe nuclear will be driven by small nuclear reactors. Much shorter time to complete and make operational.
2nd, 15 December 2024
Elon and DOGE isn't gonna do shit.
Adam was stunned at the potential Bitcoin price. I'm not sure why people can't get their head around Bitcoin. We are at the crossroads of a failing monetary system. Bitcoin is giving people a choice to opt into a system, which is counter to the current system. Not only that, Bitcoin is scarce, immutable, transportable, and ready for the new age of AI and technology. Great presentation Jan.
Bitcoin is not a medium of exchange or a store of value. Therefore, it can never be a replacement currency. It's a massively risky speculative asset, that's it!
@Eric-m2f3d it may surprise you. Lots of things are happening in the space on different layers. It's out in the wild and being used worldwide..
I found Van Eck disappointing. He started by shilling for Trump (ok, whatever). But I found his take on "AI" very "finance guy" and not "tech guy". Let's take his Salesforce example. Salesforce is presumably cannibalizing its user data and creating some type of AI model. Assume that their customers don't revolt and are willing to be upsold by this AI product. They are paying more to get more sales. Presumably the AI tool would give the salesforce customers more leads. But what happens when EVERYONE IS SELLING TO "MORE" LEADS? Will this trickle down to more revenue to the salesforce customers? In the long run, salesforce AI doesn't create more potential sales targets. Van Eck's "AI trickle down" is going to be a bust. And it's comical that Van Eck seems to conflate the much larger trends of automation with "AI" and TO THE MOON growth in NVDA and server farms. An oil company would benefit from automation technology to streamline field management. You can call this "AI" if you like, but why would oil company automation technology justify a giant server farm? It wouldn't.
What are you up to right now?
India, very expensive, earnings are missing, economic data missing, Adani corruption goes to the very top ...good luck
I wish dear friend Adam would just allow the guest to talk. It would be less work for him and better content.
Rich people don't care about 30% more for groceries. The rest of us are still outraged when we go through the checkout. Concern about inflation is still there, the current price jump that isn't going back down. Wait until the second spike happens.
Significant reduction of regulations will free up the economy, encourage business formation. Could be far greater impact than just the government cost cutting
His numbers are all wrong 😂WTF ? !!!
One hour 21 minute vid w/no time stamps hard pass.
If he think that india will be like europe it means he has never been there ..
🤣
You haven’t talked about Bush Tax cuts for the rich! How is this fair? Hardship for
Workers but not billionaires!
it is never about the workers. Never!
This person manages $100+ billion in assets but doesn't understand how tariffs caused the prices of those goods to decline? WTF!
Finally a reasonable wall st fat cat instead of the 16 year doomsayers
the US became industrially dominant because the rest of the world destroyed their industry. But I guess you need a dream or something
His opinion, though right, is and has been UN-reasonable. The US has gone through a recession every 7-8 years and we're now overdue by a factor of 2. Longest run of American "prosperity" on record. The gamblers won this game of chicken big time and the history followers got head-faked and handed a bag of coal by the central banks (to put it kindly).
According to the guest, holding or even buying bitcoin at the all time level is good because it can go to $150K to $160K by the end of 2025 or early 2026. But, holding or even buying SPY is not so good because it's at all time high?