Luke Gromen: Expect Market Turbulence Ahead Due To Tightening Liquidity

No video

Luke Gromen: Expect Market Turbulence Ahead Due To Tightening Liquidity

Рет қаралды 78,012

Күн бұрын

WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at www.thoughtful...
Former Vice President Dick Cheney famously said "Reagan proved that deficits don't matter"
True or not, running greater and greater federal budget deficits has become standard operating procedure for Washington DC.
When Cheney uttered those words, the annual deficit was in the low hundreds of billions. It's projected to be $2 trillion this year.
At that scale, today's guest expert would argue that deficits are indeed starting to matter, because the US is now increasingly challenged to service the debts and other associated liabilities that have accreted from all the years of rising deficit spending.
In fact, he concludes we're on a collision course for a sovereign debt crisis, one that will take the purchasing power of the US dollar down with it.
To find out why, and what can be done about it, we're fortunate to welcome Luke Gromen, founder of macro research firm FFTT, LLC, back to the program.
#volatility #marketcorrection #dollar
0:00-6:05 US Deficit As A % of Global GDP
6:06-11:22 Dollar Liquidity Is Tightening
11:23- 15:55 Why Gold Should Do Well
15:56-22:40 Sovereign Debt Crisis Ahead?
22:41-37:40 Social Crisis Ahead, Too?
37:41-42:03 Are We In Fiscal Dominance?
42:04-44:40 Don't Put Faith In The System
44:01-55:24 Luke's Market Outlook
55:25-1:01:53 Will The Election Outcome Make Any Difference?
1:01:54 Importance Of Mindset
_____________________________________________
Thoughtful Money LLC is a Registered Investment Advisor Solicitor/Promoter.
We produce educational content geared for the individual investor. It’s important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.
We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor in good standing with the Financial Industry Regulatory Authority (FINRA) who can develop & implement a personalized financial plan based on a customer’s unique goals, needs & risk tolerance.
IMPORTANT NOTE: There are risks associated with investing in securities.
Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.
A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.

Пікірлер: 357

@adam.taggart Ай бұрын

SUBSCRIBE TO OUR FREE NEWSLETTER at adamtaggart.substack.com (or upgrade to premium to receive our "Adam's Notes" summaries to this interview & all others on this channel, plus the new MacroPass service)

@steve5976 Ай бұрын

Thanks guys 🙏

@trevoroverall7158 Ай бұрын

@Adam, I think you make too many statements and opinions taking up too much time, rather than let your guest speak.

@davecorley5514 Ай бұрын

@@trevoroverall7158With respect, I couldn’t disagree more. Luke is a macro financial genius. I am not. I believe I represent the mean of Adam’s listeners. I have wealth to re-allocate, I need insights from guys like Luke, his tech descriptions are way above my head, I need a translator during this session, Adam is a phenomenal translator and “what-iffer”. Adam’s opinion about potential social instability and Maslow’s hierarchy of needs is certainly his own. But it’s one that’s important to me. It also stimulated Luke to discuss his point about not loaning 4% long-term (>6 months) money to liars. That’s Luke Gromen gold.

@warntheidiotmasses7114 Ай бұрын

Do they even have to tell the truth about anything? jobs data? Could all be lies. I'd say they're sending billions to their foreign buds to fight real or imaginary enemies which is promptly converted to Bitcon until other assets can be purchased, GODS, Gold Oil Drugs and Slaves. If one is going to take over the world you'd want the dollar to strengthen. They way the dollar strengthens is by loaning a lot of it out there in the hopes defaults begin. As dollars are owed the interest has to be paid back with the principle. As defaults destroy dollars rates rise. rising rates make the dollar stronger not weaker. Rising rates are inflationary giving reason to raise rates further. How many family farms were takien over in the late 70's? They can take over the world during the next financial crisis. I think these pundits need to think in terms of conspiracies and not so much about economics or finance.

@olenanewton364 Ай бұрын

Adam, just wanted to say that the way you can summarise and simplify guest's ideas for "the average Joe" listener as well question their suppositions based on your knowledge, your ability to ask (the follow up) questions as well as add to the conversation are probably parallel to none in this space. Great work as usual 👏!

@christianlorenz843 Ай бұрын

Luke is one of the great ones! 100% regarding his comments at minute 42. Thanks to both of you! Good to see you're on your own and doing well, Adam.

@993C2S Ай бұрын

Luke is great. Please bring him back often. Thank you.

@insomniactravels6185 Ай бұрын

Can never have enough Luke Gromen! Have him back sooner rather than later!!

@clackyoung8977 Ай бұрын

In trading, possessing technical analysis skills is not sufficient on its own; discipline and emotional maturity play crucial roles in achieving success. Embracing the mindset of "time in the market vs. timing the market" proves valuable, especially during market fluctuations. I attribute my growing daily earnings to Jane Nina Pickett's valuable insights and daily trade signals, coupled with my commitment to continuous learning. Kudos to the journey ahead!

@keithwalter286 Ай бұрын

I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this

@agiaco Ай бұрын

It's truly refreshing to see a comment about Jane Nina Pickett. I've also had the pleasure of working with her for several months after discovering more about her online. She has a knack for simplifying complex issues, whether it's a market surge or decline. Her approach consistently keeps you ahead of the curve. I'd call her a guru, for sure

@mariahay22 Ай бұрын

Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary

@reyescook267 Ай бұрын

Nice to see this here. Jane's understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. her siignals are top notch

@ana22btoss Ай бұрын

Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Pickett's insights. It's akin to finding a diamond in a coal mine.

@lawrencelarosa612 Ай бұрын

Kudos to Luke for publicly acknowledging the U.S. has a massive corruption problem.

@johnhenryreber2501 Ай бұрын

He's said he's from Cleveland so he is not as cuth or proper as some people

@Silvangreen Ай бұрын

Great to hear from Luke. I see him adapting to the ever-increasing “creativity” of institutions to contain chaos by expanding his sense of what is possible while understanding what is probable remains more limited.

@markphillips9822 Ай бұрын

The government may never default. But who wants Monoply money? Which is what we will have. Useless dollars.

@bleueyeddevl Ай бұрын

It feels like that's already here. A job promotion may offer $400/month increase to take on more - tighten the leash. PASS.

@showandtell4265 Ай бұрын

Monopoly money is the norm across the modern world.... We are (were) the exception.

@steve5976 Ай бұрын

Not “useless” . You can still / will trade and exchange . The correct term is “worthless”

@clintcowan9424 Ай бұрын

When I play monopoly I want monopoly money. 😊 Otherwise nope

@danielhutchinson6604 Ай бұрын

Treasury and FED are aware that they have not actively supported the FED for 20 years. They now appear to face the music, as the lies seem to be showing on Powell and Yellen's Face..... They are tired from telling lies. American Consumers appear to notice and they are slowing the spending. Demand for Gas is down, so perhaps Consumer desires to consume, are slowing down? Gas Supplies have decreased after Russia and Saudi Producers agreed to cut production. I attribute the slow down to Americans understanding that unlimited spending will not help. There was a little unrestrained splurging to get it while you can. But that emotion seemed to be short lived. Bernanke and Paulson arranged to provide additional Credit with the 5 big Banks. Now consumer Debt is $5 trillion higher. Credit has provided spending, at a cost. Big Spenders still seem to consume, but Average Americans can not endure an entire pay period, without credit. The Consumers appear to have realized their Debt issue before the Government saw the Gov. problems. So the Consumers are smarter than they look.

@RobWilliams007 Ай бұрын

Part of the - “hard to get a job” problem is because of the way you apply for a job now. You apply online and algorithms pick out the Resumes/CV’s and you never have a chance to speak to anyone to sell yourself or show your personality as being a good fit. Funny how they made us all go back into the office so we can “engage and collaborate” but they don’t “engage” with applicants.

@amandalee5378 Ай бұрын

This is so very true... More then ever real networking is going to matter again!!...... the whole online resume and applications only help people looking for a quick high Turner jobs. I think those looking for a long term career people need to Network again. It sucks.

@harpoen7358 Ай бұрын

Interviews with Luke Gromen are always very wise to follow, his insights are always interesting to hear because he is an out of the box thinker. Certainly a recommendation for a New interview👍

@demiswilson9449 Ай бұрын

What a guy! Just the Facts, Every Time - Thank you Luke (and Adam for having him on).

@carbonsubie Ай бұрын

Always amazed that Luke doesn't have more followers here on KZfaq. The guy is super sharp.

@4000angels Ай бұрын

It is great to see Luke on Thoughtful Money. Excellent interview as always. Thanks, Adam.

@johnvalencia3185 Ай бұрын

I think Luke is a very thoughtful guest, but my issue with him is that he makes everything sound so easy when I do not believe it is. For example, he talks casually about "the central planners will just devalue the dollar". He sounds as if no other country has a say in the matter - sounds like he suggests there would be a currency war and we would just get the result we want. I question that. Or the government could do "entitlement reform" in 2025 - nothing will get done in Congress if there is divided gov't, especially entitlement reform. I do remember him talking 4 years ago about how there will be money printing and gold would be at $5000 in a few years (at the time it was around $1700). Well, that has not happened yet. There are various scenarios with differing probabilities but he really only talks about deterministic results rather than stochastic. But I do agree with his assessment of the debt problem and the likelihood of more QE coming.

@perewihongi4715 Ай бұрын

it can't happen forever, but it can happen for a very long time

@ocox8659 Ай бұрын

I see “Luke Groman” and immediately hit play.

@FreeSpeech4All Ай бұрын

Excellent interview guest!!! Better yet would be to see him debate Lance on the UST trade. We all notice Lance just mockingly and condescendingly dismisses everyone who suggests rates may go higher by simply suggesting "they can't because we can't afford it"... but I'd like to see Lance have to actually defend that position face to face against someone who actually challenges him (and that's not you, Adam. Sorry.)

@johnhackney180 Ай бұрын

Higher rates will [can]not be allowed. Yield curve control.

@DoomsdayPrepper-u2n Ай бұрын

Adam doesn't allow opposing views on his show, and he'll chat ban you if you prove him wrong.

@FreeSpeech4All Ай бұрын

@@johnhackney180 Sadly you have the exact same (non) argument as Lance. Repeating it doesn't make it true, Goebbels. Yes, we can (and will) do yield curve control, but that requires money printing. And we can print an infinite amount of money (albeit highly inflationary) which means we can ALSO afford ANY interest rate if we print enough... so that's where things diverge. (A) We can print a TON of money and push yields lower, or... (B) We can print just enough money to keep rates from rising too high, too fast... (and attempt to tax that money away via higher capital gains/income taxes to pay the additional interest.) The latter scenario is one Lance not only hasn't considered, but absolutely refuses to acknowledge exists.

@deseosuho Ай бұрын

I don't think the argument is that difficult to understand. The higher the rates, the more the indebted players with large outstanding balances suffer. The US government is extremely indebted. The federal reserve is a public-private partnership with equal stakeholders drawn from large banks and the government. When choosing the lesser evil, both of those entities prefer double digit inflation to collapse and bank runs. Therefore, in the long-term, they will prefer lower rates and higher inflation. The burden of proof is on your side to explain why they would want to increase the cost of servicing the US government's debt and create deflation... because it's such a bizarre goal from the perspective of the relevant parties.

@FreeSpeech4All Ай бұрын

@@deseosuho Read my response to johnhackney above. You, like Lance and most Keynesians, are trapped in the erroneous thinking that there are only two scenarios; (a) higher rates & deflation or (b) lower rates and inflation. This is the trap. Since we can print infinite money to buy our own bonds (albeit inflationary) we can actually have higher inflation (from the money printing) along with higher rates (from only buying enough bonds to control the pace of the rise.) Why would TPTB do this? Simple. To get rich off the rest of humanity, as always. MOST humans are stupid linear thinkers and have experienced 40 years (half a lifetime) of falling rates. It will take them another 10-20 years to realize that's changed. TPTB think cyclically and have set everyone up with talk of CBDCs and negative rates to encourage that thinking... while they actually intend to "reset" the cycle of rates back to the beginning (like Voelker) around 15-20%. One could almost call it "The Great Reset". People conditioned for 40 years that Treasuries are the safest thing you can own, will lose their life's savings as bond prices collapse... along with most stocks as rates continue higher. It's the unwind of Exeter's pyramid. Want proof? Take a look at what asset Central Banks have been buying recently. (Also note that Yellen is issuing new Treasuries at higher rates to buy back older Treasuries with lower yield. While this IS somewhat stupid, it's not nearly as dumb as people think... because of bond math. Why? Because as rates have gone from 1.5% to 4.5% then the debt issued at 1.5% is now worth ½ to ⅓ of its original issue... so I can sell ONE Treasury at 4.5% to buy back TWO or THREE Treasuries at 1.5%... and voila, magically the amount of debt outstanding is reduced. 😳😯 Yeah, you hadn't thought about that one, did you?) 😉

@davecorley5514 Ай бұрын

Thank you, Luke and Adam. Putting this video in my “Macro gems” folder!

@samanthak5301 Ай бұрын

Luke Gromen provides great insights and knows how to connect dots in a different but persuasive way than others. As soon as I see his name, hit the watch button!!

@patrickmcgoohan115 Ай бұрын

Luke Gromen & Lyn Aldren see the way going forward I feel. That said it's differcult predicting the next chess move when the chessmaster can change the game rules.

@auntiefiat9769 Ай бұрын

I think the majority of adults in the USA have a wrong-headed definition of "doing well".

@ellenhoyt8558 Ай бұрын

Adam, would love to see you host a conversation between Luke and Javier Blas on the petrodollar

@marcopolo242 Ай бұрын

Great discussion, guys.

@davrossbain7010 Ай бұрын

Luke Gromen is the best! More Luke!

@joycekoch5746 Ай бұрын

It would be refreshing to have a guest who had the guts to say who they are voting for instead of the endless repeating "They're all bad" or the constipated expression and comment "Not gonna vote for any of these idiots". Let us start getting shows which end "Who are you voting for and why".

@arthurpowers3724 Ай бұрын

This suggestion assumes that we are in full possession of the knowledge as to who the actual candidates are going to be, and in my view, we are not, and possibly not even close (I hope and pray as neither current front-stumbling candidates are even remotely suitable/capable of doing anything but wrecking the United States as we and the World have known it since 1960 economically and culturally). [Denver]

@user-99.99 Ай бұрын

Excellent discussion. Gromen is spot on. I’m still trying to get used to this new background. When I see it I think that Adam is in the belly of a python. 😂

@JeganBedpal Ай бұрын

The US economy is a powerhouse with a diverse range of sectors. The stock market and the dollar have traditionally been safe havens due to their long-term growth and stability. However, potential downturns are part of the economic cycle, and laws are in place to manage defaults and asset seizures. Inflation can be a concern, but remember, certain assets like stocks and Crypto’s acts as a hedge. Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Kerrie Farrell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape...

@duongtuan-od7kx Ай бұрын

I appreciate the professionalism and dedication of the team behind Kerrie’s trade signal service..

@MarcDillon524 Ай бұрын

As a beginner, it's essential for you to have a mentor to keep you accountable..

@KellarHalen Ай бұрын

Kerrie Farrell program is widely available online.

@Jovenoli Ай бұрын

Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience..

@BanwarilalKumawat-ij6tp Ай бұрын

On the grand scheme of things, once you understand the potential of trad!ng, you can bet on it but I think people need the education to fully understand...

@MichaelHarrington17 Ай бұрын

Is there any doubt central banks and national treasuries will supply liquidity to the global financial system? It’s the depreciation of a global fiat monetary system.

@BatmanBoss Ай бұрын

Thanks guys! Great show

@adam.taggart Ай бұрын

Glad you enjoyed it!

@AlKindi9 Ай бұрын

Wow. Timestamps. He’s getting fancy!

@VMNEO Ай бұрын

great interview, thank you!

@robot5845 Ай бұрын

Really smart guest, thank you

@zipper1209 Ай бұрын

Great video, thank you both for this honest conversation.

@robertlevi3202 Ай бұрын

They're laughing and we are broke, elite mf'ers.

@HaroldGielow Ай бұрын

Kennedy is talking about the deficit and he is talking about cutting defense spending dramatically.

@caucasianafrican1435 Ай бұрын

Waaaaaa

@XxChuyoxX Ай бұрын

@@HaroldGielowKennedy is pandering because he will never get elected

@DarrenSmith-tq2xz Ай бұрын

Thanks once again luke and Adam for this great content once again God bless you both

@louismentillo9315 Ай бұрын

great guest, always like to hear from Luke

@mattanderson6672 Ай бұрын

Really interesting, thanks for having Luke back!! One of your best guests

@libran101257 Ай бұрын

I believe that we are socially at a breaking point where people cannot feed or house themselves properly. They can lie all they want, but people cannot lie to themselves about being hungry while a few lead the luxurious life there will be a social upheaval around the whole world that will tear all of this down.

@mrbruceriddell Ай бұрын

Great interview Adam

@jamesmurphy3263 Ай бұрын

Let’s get Luke and Lance to have a discussion on this topic.

@amandalee5378 Ай бұрын

Would be absolutely amazing!!.... YES YES YES!!

@rd9102 Ай бұрын

I like this guy but he needs a better camera and a better microphone and a better internet connection. It's kind of rough to watch him sometimes with all the stuttering and low video quality.

@mdeshmane Ай бұрын

Adam, thank you for adding timestamps to the videos and making it efficient for your audience to snap to the section that interests them the most.

@thomaskelly6472 Ай бұрын

Another great guest!

@beary0418 Ай бұрын

Luke is great

@jeannewright3027 Ай бұрын

Adam….I do not think a bunch will end up spread around to next gens coming in wealth as boomers die off. Boomers with some retirement assets by living longer will go through much of it, the really well off will be able to pass on, but again, in that case it’s money makes money but that won’t be that big of % involved to receive big chunks. You think more like me on what is coming.

@LiquidityOcelot Ай бұрын

I’ve found that when the market is going down and you buy funds wisely, at some point in the future you will be happy

@jvancek Ай бұрын

Adam you dont need more working age people to maintain economic growth. With robots coming Demographics really don't matter

@stanleytomasetti1074 Ай бұрын

He can't see the forest for the trees for himself.

@Natalia.B.Gallazzi Ай бұрын

these people need to be told about the French Revolution.

@mikerivera5314 Ай бұрын

Very informative interview.

@mxm7688 Ай бұрын

great interview, thank you Adam and Luke

@JJ-ji4kn Ай бұрын

You do a great job interviewing these very thoughtfull individuals. Bring him back again.

@timbarnes5548 Ай бұрын

Appreciate how you breakdown complex issues in a manner that is understandable (great tactic by rephrasing what guests say to provide further context). Enjoy your work...also great job with deadlifts!

@jaytan915 Ай бұрын

AT with the best questions for LG with the best macro-economic model, thanks for an enlightening hour of crystal balling going forward.

@lawLess-fs1qx Ай бұрын

thank god Powell said he's gonna cut. it'll offset the lack of liquity.

@zelo533 Ай бұрын

I like Luke

@justinjtv4089 Ай бұрын

let's get a Luke vs Rosie debate on the long end. Rosie claims the long end will give "equity like returns" over the coming years. I tend to be on the same page as Luke here but I'd like to see them go point for point on the matter 😊

@standinginthegap7118 Ай бұрын

He’s got a point about doing just T bills. And they’ll have to keep issuing t bills at higher Rates because they have to pay the debt

@michaellalyons5037 Ай бұрын

Sooooo for those of us millennials who don’t have well of parents are basically screwed, lovely

@jeffreygoss8109 Ай бұрын

Where can I buy these “ monkey j pegs” ? Seems like good investment

@renaudlaine3287 Ай бұрын

Great content, great background 👌

@adam.taggart Ай бұрын

Thank you 🙌

@tgwtom Ай бұрын

Don’t worry the next gain of function will enable the expedited wealth transfer they want

@JoseCatedral-vw4js Ай бұрын

We won't fall for it that easy again😂

@barrybearman3511 Ай бұрын

They will try. This may require more active disagreement

@barrywagoner5191 Ай бұрын

I would trade my least favorite relative for a crystal ball to know what happens over the next 6 months.

@jmcmob608 Ай бұрын

Thank you very much...

@charlesdidonato5478 Ай бұрын

Luke is the man!👍👍👍

@jethro_Jr Ай бұрын

i tuned in because Luke Groman was on.... 😙

@caucasianafrican1435 Ай бұрын

Fire the Federal Government.

@caroledoerr6872 Ай бұрын

Luke, I like listening to your views on the economy!

@jimscherer8072 Ай бұрын

Luke doesn't pull punches. Please bring him back !

@crouchhill Ай бұрын

Love Luke 😊

@joycekoch5746 Ай бұрын

KZfaq sure is pushing out more advertisements. Unwatchable.

@adam.taggart Ай бұрын

Really? How many ads did it serve you? (I don’t have visibility into this)

@joycekoch5746 Ай бұрын

@@adam.taggart Eight during the show.

@RobWilliams007 Ай бұрын

Adam, you should get Ophir Gottlieb on your show. Excellent insight.

@Yunggrippacuz Ай бұрын

Loved this one adam. Hope you get to 100k subs

@aleaiactaest8354 Ай бұрын

Would be interesting to have a program on what different president candidate mean for spending and the economy.

@jimmyschannel5094 Ай бұрын

Definitely one of your best ever to interview!!

@aleaiactaest8354 Ай бұрын

What about these government programs...writing off student debt, give funding/support for first time buyers of house etc. Government giving money to masses? Is this what is coming?

@sreddick3045 Ай бұрын

Great content !

@ALF-wh6in Ай бұрын

Luke is the man

@mechannel7046 Ай бұрын

12:10 treasury yield and gold p 25:40 keeping the 98% divided 33:50 most Healthcare spendings occur twds end of life, counted as GDP 9:40 fiscal dominance

@Dave-lm5ic 17 күн бұрын

How would one rip the band aid off in early 2025? What specifically would that entail to devalue the debt? Simply say it's worth half? Or how?

@marycollins8215 Ай бұрын

Thank you.

@gussoldtimeradioshows4902 Ай бұрын

Another record day, where's the lag effect?

@TPayne-fm8ie Ай бұрын

I like the new background, Adam. It's very eco-chic.

@michaelengel3045 Ай бұрын

U might lose money selling physical gold. Jewelry stores will pay scrap prices. Smelting cost is high. Then there is 3%/4% provision for losses and a deflated karat ratio of the composition. U buy at retail and sell 25%/40% below wholesale prices.

@YourLifejacketFirst Ай бұрын

What are you smoking?

@jonathonhancock575 Ай бұрын

The only thing drying up is youtube economist credibility?

@doctoruttley Ай бұрын

100%

@james6401 Ай бұрын

Perhaps

@DH-oi4kr Ай бұрын

No trust the Fed and the politicians dishing out cool aid

@safaayaanMibox Ай бұрын

😂 sarcastic

@PredTrades Ай бұрын

Possibly. Or most people don’t understand how long macro outlooks actually take to unfold.

@MS-dx6yz Ай бұрын

I liked the old background better. [Not the curtains...the wood]

@whodidit99 Ай бұрын

Why are employers ignoring job applications. A great very useful guest would be a human recourses/headhunter expert who can give your audience inside information on how hiring really works. Used to be transparent, now it's a mystery.

@sociolocomtsac Ай бұрын

Thousands of applicants due to posting online. Literally, everyone sees the job post on every job board. It's like Tinder. Now you have endless options on both sides.

@vaughandinsmore2487 Ай бұрын

I must be gettin kinda old, so says my HP 11C calculator... 🖥

@kikaalvesdesouza8429 Ай бұрын

Is there any chance of operators going for dollars from emerging markets?

@BoBear79 Ай бұрын

Adam, appreciate all your work. But you continue to couch every conversation within your own thesis, You only ask leading questions that encourage your guests toward the most bearish outcomes; and when a guest even hints at a non-recessionary view, as Luke did today, you cut off the conversation. Now please know that I've been in that bear foxhole with you for nearly four years; so I'm not opposed to your thesis ultimately being right. In fact, I'm positioned for it! But for the sake of your channel and listeners, please ask short, direct, and open-ended questions and allow us to hear what your guests actually think. We know your position, so it doesnt need to be restated as a lead-in to every question. Honest suggestion here: watch David Westin on Wall Street Week. He's the most effective interviewer out there. Copy his MO and you will have a much more balanced and intellectually believable show. Two cents worth from a loyal follower.

@lawLess-fs1qx Ай бұрын

well said.Adam would never have anyone on that thinks we are in the roaring twenties.

@chenchiyuan8674 Ай бұрын

I agree. Adam, You only ask leading questions that encourage your guests toward the most bearish outcomes. I watch this interview because it is Luke's talk.

@valerietweedie4376 Ай бұрын

I like Adam's style of interviewing. That's why I come to this channel. He has excellent guests who return time after time. If they didn't think he was being even handed, they wouldn't return. Adam is well informed and he wants ordinary people to not be blind sided when this house of cards collapses. Don't forget, everything sounded honkey dorey right before the 2008 2009 financial crisis. We won't have China to bail us out like last time and with our massive debt, the wars, and the derivatives mess, we r primed for a crash.

@tonequin4562 Ай бұрын

“Luke, use the FORCE, Luke”

@ednorton47 Ай бұрын

The Fed has to be willing to let the government fail.

@evangellydonut Ай бұрын

congress will change the fed chair until they find one who's willing to do what congress wants

@SR-zu9pn Ай бұрын

Thanks for the reminders.

@user-xk8mq5ic9k Ай бұрын

Iran has best demographics. And no debt, neither private nor public. Japan is not a disaster. It is a mountainous island chain with no natural resources that traditionally has been 20-40 million people. Today they are 120 million. Rarely has shrinking population been better than in Japan.

@Mn-yh2bp Ай бұрын

You guys are both forgetting one very important fact. In the US the only method we have for creating new money is by creating new Debt. So they can’t inflate that away by any means other than replacing it with more debt that’s even bigger than the old debt which means we will have a default right after the hyper inflation. first hyper inflation, default. Worst of both worlds.

@jonathantaylor6926 Ай бұрын

If you want to engineer a massive wealth transfer what better way than to get everyone positioned for inflation- and then cause deflation. Now all those stocks you sold for a dollar can bought back for 30 cents.

@aleaiactaest8354 Ай бұрын

Is it realistic to have a recession with 7% budget deficits?