I recently had a great discussion with James Connor at Bloor Street Capital about the current state and future outlook of the U.S. and Canadian economies. We looked into the U.S. Economy being a "Mirage" with potentially misleading trends in economic data. We also talked about the K-shaped economy still being alive and well, with high-end consumers driving experience spending while the low-end consumers are still getting crushed. Additionally, Jimmy and I examined concerning patterns in U.S. debt and drew parallels to historical cases in Canada and Japan. The interview is topped off with my recommendations for investors about how to navigate the coming months. Watch the full discussion below:
David Rosenberg - How To Prepare For Economic Collapse
https://www.youtube.com/
Great interview. You guys provide a badly needed sober reality check. Homesick for my TO!
James Connor
1mo
Very much enjoyed it David! H2 is going to be interesting to say the least.
Real talk, real deal.
Miniso, Baskin Robbins - Pune
1moGold and silver trying to fight back but it's going to be a futile exercise. Surprised that the market took yesterday's 3.4 percent inflation report in the US as bullish. It's way way over the federal reserve's expected threshold of 2 percent. At 2 percent inflation, USD "officially" looses 50 percent of the value in 36 years. At 3.4 percent - in 21 years🥵 No rate cuts in the US as far as the eye can see. I participated in a poll by David Rosenberg Sir earlier in January and very reluctantly voted 3 rate cuts when the talk was 6-7 rate cuts for 2024. And remember these are David Rosenberg Sir's followers you are taking about. Now even one rate cut for the entirety of 2024 is a novelty it seems 🙏