Economist’s News and Views” Thursday 12-14-2023


Matthew Piepenburg: Depression Level Economy For The U.S. Is Here

Palisades Gold Radio:  12-12-23

Tom welcomes back Matthew Piepenburg of Matterhorn Asset Management. They discusses various empirical indicators that suggest the US and the world are facing a recession.

Matthew points to the yield curve, the Conference Board of Leading Indicators, the M2 money supply, the Fitch downgrade of the US Treasury, and the layoffs of major companies as evidence of an economic downturn.

He also highlights the increase in bankruptcies, credit card delinquencies, and car loan repos, and refers to the “Oliver Anthony indicator” which reflects the struggles of the middle class due to non-reported inflation.

Piepenburg warns against placing too much faith in technology to solve economic problems and emphasizes the importance of human insight. He argues that the US is in a depression rather than just a recession.

He also discusses the risks of currency devaluation, the dangers of government centralization of power, and the need for financial policies and austerity measures.

Piepenburg criticizes the lack of transparent political figures and the influence of special interests and lobbyists. He warns of potential consequences of the current trends in bond buying, the transition away from the US dollar, and the potential changes to the global financial system.

He suggests that the COVID-19 pandemic may be a catalyst for structural changes in the financial system.

Lastly, he highlights the rise of the Shanghai Gold Exchange as a potential competitor to London and COMEX in determining the price of gold.

Time Stamp References:

0:00 – Introduction

0:37 – The General Decline

 7:38 – Depression Already Here

10:32 – Growth & Technology

16:27 – Endgame for Debt Systems

 30:47 – Politics Ruins Everything

36:23 – Bonds & Feds Future Action

 43:18 – Dedollarization & Trade

50:20 – Gold Moving East & Pricing

57:28 – Gold and Risk Mitigation

1:01:30 – Powell & Inflation

1:04:48 – 2018 QT & Repo Crisis

1:07:47 – Wrap Up

LIVE! US Dollar CRATERS, World Stock Markets VAULT HIGHER As Central Banks BUY IT ALL.

Greg Mannarino:  12-14-2023

Biggest Debt Bubble Of All Time: What Happens When It Implodes? | David Hay & Grant Williams

David Lin:  12-14-2023

David Hay, Co-CIO of Evergreen Gavekal and Grant Williams, Host of The Grant Williams Podcast, discuss the biggest risks and opportunities facing investors in 2024.

0:00 – Intro

3:48 – Investment themes

5:38 – Taking profits?

 8:28 – Small vs large cap stocks

10:00 – Banks and tech stocks

13:30 – Bonds

17:43 – Bubble 3.0

25:10 – Investing during a recession

 28:41 – Will the Fed save the economy?

32:30 – Inflation

34:45 – Best and worst assets in 2024

42:00 – Debt bubble