How Investors Should Prepare For the Day of Fiscal Reckoning | David Hay

We welcome author, investor, activist, thinker, and co-CIO of advisory firm Evergreen Gavekal, David "The Haymaker" Hay onto the Rosenberg Round-Up.
Our interview with Dave marks the inaugural episode of a series of standalone interviews that will run alongside the weekly Roundup on a (roughly) 1-month cadence. In the series, we'll take you deeper on a range of topics with recognized experts.
In this episode, Dave frames today's main market themes (from AI to Gold to fiscal policy to the Fed) from the perspective of broad cycles of economic and social history, and explains how the median investor is positioned "exactly improperly" for the risk environment that has built over the past decade.
For more on David Hay visit his Substack, "Haymaker": haymaker.substack.com/
For a 30-day free trial of our research, click here: web.rosenbergresearch.com/Ros...

[@peterdorahy8331]

As above it therefore makes a lot more sense to me that interest rates reflect growth and inflation expectstions rather than supply and demand for the individual securities! Ie as we expect that growth and inflation expectations will decline then so will the 10 year interest rate!

[@peterdorahy8331]

Looking at 10 year rates today; Germany 2.5885%, France 3.090%, Spain 3.379%, Italy 3.950%, Australia 4.491%, US 4.642%, I/most would take the US 10 year any day! Thus I don’t think David is right. Time will tell! Thanks as even so this was a good interview👍

[@AdamDooleyWpg]

Started to listen to this, until I heard the guest mention "The Fourth Turning" as though it wasn't complete and utter ahistorical bullshit. Anyone who believes that theory is not serious and definitely should not be relied on for investment advice.

[@celestialfix]

The discussion and analysis was ruined by the No Labels nonsense ad…….give me a break.

[@plato363]

Agree, supporting Nikki Haley seems to negate the idea of critical analysis.

[@jamespier7801]

this sounded interesting and then your guest confessed that he is impressed with Neil Howe’s “scholarship” or whatever it is “The Fourth Turning” is supposed to be. In other words, your guest is a lightweight. Goodbye.